(1) The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. To compute: The ratio of cost to sales ratio for company A.

Question

Want to see the full answer?

Answer 1

Question

Chapter 4, Problem 2AA

To determine

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

To determine

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.

To determine

(3)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. Higher ratio of cost to sale shows that the total cost is against the sales.

To discuss:

Company with higher cost ratio.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Correct answer...

Need help in this qn with co

Can you show me the correct approach to solve this financial accounting problem using suitable standards?

Answer 2

Question

Chapter 4, Problem 2AA

To determine

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

To determine

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.

To determine

(3)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. Higher ratio of cost to sale shows that the total cost is against the sales.

To discuss:

Company with higher cost ratio.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 4, Problem 2AA

To determine

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

To determine

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.

To determine

(3)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. Higher ratio of cost to sale shows that the total cost is against the sales.

To discuss:

Company with higher cost ratio.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 4, Problem 2AA

To determine

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

To determine

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.

To determine

(3)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. Higher ratio of cost to sale shows that the total cost is against the sales.

To discuss:

Company with higher cost ratio.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 4, Problem 2AA

To determine

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

To determine

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.

To determine

(3)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. Higher ratio of cost to sale shows that the total cost is against the sales.

To discuss:

Company with higher cost ratio.

Answer 6

Chapter 4, Problem 2AA

To determine

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

Answer 7

Chapter 4, Problem 2AA

To determine

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

Answer 8

To determine

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.

Answer 9

To determine

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.

Answer 10

To determine

(3)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. Higher ratio of cost to sale shows that the total cost is against the sales.

To discuss:

Company with higher cost ratio.

Answer 11

To determine

(3)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. Higher ratio of cost to sale shows that the total cost is against the sales.

To discuss:

Company with higher cost ratio.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 4 - Prob. 1MCQ Ch. 4 - Prob. 2MCQ Ch. 4 - All of the following are examples of batch-level...Ch. 4 - Prob. 4MCQ Ch. 4 - Prob. 5MCQ Ch. 4 - Why are overhead costs allocated to products and...Ch. 4 - What are three common methods of assigning...Ch. 4 - Why are direct labor hours and machine hours...Ch. 4 - What are the advantages of using a single plant...Ch. 4 - The usefulness of a single plant wide overhead...

(1) The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. To compute: The ratio of cost to sales ratio for company A.

Solution Summary: The author explains the cost-to-net-sales ratio, which should always be low, and the total cost of goods sold against total sale amount.

Videos

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.

Want to see the full answer?

Chapter 4 Solutions

(1) The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. To compute: The ratio of cost to sales ratio for company A.

Solution Summary: The author explains the cost-to-net-sales ratio, which should always be low, and the total cost of goods sold against total sale amount.

Videos

(1) The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. To compute: The ratio of cost to sales ratio for company A.

(2) The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount. To compute: The ratio of cost to sales ratio for company G.

Want to see the full answer?

Chapter 4 Solutions

(1)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company A.

(2)

The ratio of cost to net sales shows the efficiency of a business in production. This ratio should always be low. Cost to sale ratio also shows the total cost of goods sold against total sale amount.

To compute:

The ratio of cost to sales ratio for company G.