Accounting: What the Numbers Mean
Accounting: What the Numbers Mean
11th Edition
ISBN: 9781259535314
Author: David Marshall, Wayne William McManus, Daniel Viele
Publisher: McGraw-Hill Education
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Chapter 13, Problem 13.31C
To determine

1.

Introduction:

In the year 2014, we have found the key milestones in our execution of the strategies. We have completed our acquisition form the ok kelsen group, which has given us the importance growth platform for baked snacks in china and also Hong Kong. Plum become the big brand of organic in the body food in the U.S in the fourth quarter and also achieve. Company invested in our first marketing programs for the build bolt house farms brand and expected the distributed of the bolt house product, driving to focus on growth. Company divested the low-growing European simple meals business to focus on growth and find the opportunities in Asia and Latin America also expanded our sweet biscuit business in Indonesia, key developing market.

To choose:

Find the composition of the beginning and ending inventory for each of the following accounts: raw material, work in process and finished goods.

Expert Solution
Check Mark

Explanation of Solution

    Particular201220132014
    Raw material
    Work in process
    Finished good
    277
    0
    437
    364
    0
    561
    399
    0
    617
To determine

2.

Introduction:

In the year 2014, we have found the key milestones in our execution of the strategies. We have completed our acquisition form the ok kelsen group, which has given us the importance growth platform for baked snacks in china and also Hong Kong. Plum become the big brand of organic in the body food in the U.S in the fourth quarter and also achieve. Company invested in our first marketing programs for the build bolt house farms brand and expected the distributed of the bolt house product, driving to focus on growth. Company divested the low-growing European simple meals business to focus on growth and find the opportunities in Asia and Latin America also expanded our sweet biscuit business in Indonesia, key developing market.

To choose:

Find the cost of goods sold.

Expert Solution
Check Mark

Explanation of Solution

    Particular201220132014
    Cost of sale4,3655,140 5,370
To determine

3.

Introduction:

In the year 2014, we have found the key milestones in our execution of the strategies. We have completed our acquisition form the ok kelsen group, which has given us the importance growth platform for baked snacks in china and also Hong Kong. Plum become the big brand of organic in the body food in the U.S in the fourth quarter and also achieve. Company invested in our first marketing programs for the build bolt house farms brand and expected the distributed of the bolt house product, driving to focus on growth. Company divested the low-growing European simple meals business to focus on growth and find the opportunities in Asia and Latin America also expanded our sweet biscuit business in Indonesia, key developing market.

To choose:

Form the consolidated balance sheet, find the amount of inventories

Expert Solution
Check Mark

Answer to Problem 13.31C

    Particular201220132014
    Inventories 7149251016

Explanation of Solution

    Particular201220132014
    Inventories 7149251016
To determine

4.

Introduction:

In the year 2014, we have found the key milestones in our execution of the strategies. We have completed our acquisition form the ok kelsen group, which has given us the importance growth platform for baked snacks in china and also Hong Kong. Plum become the big brand of organic in the body food in the U.S in the fourth quarter and also achieve. Company invested in our first marketing programs for the build bolt house farms brand and expected the distributed of the bolt house product, driving to focus on growth. Company divested the low-growing European simple meals business to focus on growth and find the opportunities in Asia and Latin America also expanded our sweet biscuit business in Indonesia, key developing market.

To choose:

Find the overview of gross profit

Expert Solution
Check Mark

Explanation of Solution

For the 2014 Gross profit, as a percent of sales, decreased to 35.1% from 36.2% a year ago. The decrease was primarily due to cost inflation and increased supply chain costs, higher promotional spending and the impact of acquisitions, partly offset by productivity improvements and a reduction in restructuring-related costs.

For the 2013 Gross profit, as a percent of sales, decreased to 36.2% from 39.2% a year ago. The decline was primarily attributable to the acquisition of Bolthouse Farms and the impact of restructuring-related costs recognized in the current year.

For the 2012 Gross profit, as a percent of sales, decreased to 38.8% from 40.2% a year ago.

To determine

(a)

Introduction:

In the year 2014, we have found the key milestones in our execution of the strategies. We have completed our acquisition form the ok kelsen group, which has given us the importance growth platform for baked snacks in china and also Hong Kong. Plum become the big brand of organic in the body food in the U.S in the fourth quarter and also achieve. Company invested in our first marketing programs for the build bolt house farms brand and expected the distributed of the bolt house product, driving to focus on growth. Company divested the low-growing European simple meals business to focus on growth and find the opportunities in Asia and Latin America also expanded our sweet biscuit business in Indonesia, key developing market.

To choose:

Find the cost of manufactured.

Expert Solution
Check Mark

Explanation of Solution

    Particular
    2012
    2013
    2014
    cost of goods manufactured
    6,020 6,972 7076
To determine

(B)

Introduction:

In the year 2014, we have found the key milestones in our execution of the strategies. We have completed our acquisition form the ok kelsen group, which has given us the importance growth platform for baked snacks in china and also Hong Kong. Plum become the big brand of organic in the body food in the U.S in the fourth quarter and also achieve. Company invested in our first marketing programs for the build bolt house farms brand and expected the distributed of the bolt house product, driving to focus on growth. Company divested the low-growing European simple meals business to focus on growth and find the opportunities in Asia and Latin America also expanded our sweet biscuit business in Indonesia, key developing market.

To choose:

Calculate the total amount of combined cost incurred in 2014, 2013, 2012

Expert Solution
Check Mark

Explanation of Solution

    Particular
    2012 ($)
    2013 ($)
    2014 ($)
    Raw material
    Direct labor
    Manufacturing overhead
    55.3
    36.8
    58.01
    57.2
    35.5
    59.8
    57.6
    38.7
    57.03

(these data taken form the annual report)

To determine

(C)

Introduction:

In the year 2014, we have found the key milestones in our execution of the strategies. We have completed our acquisition form the ok kelsen group, which has given us the importance growth platform for baked snacks in china and also Hong Kong. Plum become the big brand of organic in the body food in the U.S in the fourth quarter and also achieve. Company invested in our first marketing programs for the build bolt house farms brand and expected the distributed of the bolt house product, driving to focus on growth. Company divested the low-growing European simple meals business to focus on growth and find the opportunities in Asia and Latin America also expanded our sweet biscuit business in Indonesia, key developing market.

To choose:

Find the ratio of cost of sale to net sale

Expert Solution
Check Mark

Explanation of Solution

    Particular
    2012
    2013
    2014
    Net sales
    Cost of sale
    Cost of sale to net sale ratio
    7175
    4365
    60.83% (wn1)
    8052
    5140
    63.83%(wn2)
    8,268
    5370
    64.50%(wn3)

This formula is used

  cost of sale to net sale ratio=cost of salenet sale×100

WN 1. cost of sale to net sale ratio=43657175×100=60.83

WN 2. cost of sale to net sale ratio=51408052×100=63.83

WN 3. cost of sale to net sale ratio=53708268×100=64.50%

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