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Bramble Corp. has old inventory on hand that cost $10500. Its scrap value is $14000. The...
Bramble Makeup produces face cream. Each bottle of face cream costs $10.50 to produce and can be sold for $12.90. The bottles can be sold as is, or processed further into sunscreen at a cost of $14.60 each. Bramble Makeup could sell the sunscreen bottles
Bramble Makeup produces face cream. Each bottle of face cream costs $10.50 to produce and can be sold for $12.90. The bottles can be sold as is, or processed further into sunscreen at a cost of $14.60each. Bramble Makeup could sell the sunscreen bottles for $22.40 each. What should Bramble Makeup do?a. Face cream must be further processed because its profit is $7.80 each.b. Face cream must not be further processed because costs increase more than revenue.c. Face cream must not be further processed because it decreases profit...
Sheridan Company produces face cream. Each bottle of face cream costs $11 to produce and can...
Sheridan Company produces face cream. Each bottle of face cream costs $11 to produce and can be sold for $15. The bottles can be sold as is, or processed further into sunscreen with an additional cost of $16 each. Sheridan Company could sell the sunscreen bottles for $25 each. a. Face cream must not be processed further because it decreases profit by $2 each. b. Face cream must be processed further because its profit is $9 each. c. Face cream...
Sheffield Corp. has old inventory on hand that cost $33000. Its scrap value is $44000. The...
Sheffield Corp. has old inventory on hand that cost $33000. Its scrap value is $44000. The inventory could be sold for $110000 if manufactured further at an additional cost of $33000. What should Sheffield do? a. Sell the inventory for $44000 scrap value b. Dispose of the inventory to avoid any further decline in value c. Hold the inventory at its $33000 cost d. Manufacture further and sell it for $110000
Coronado Industries has old inventory on hand that cost $9750. Its scrap value is $13000. The...
Coronado Industries has old inventory on hand that cost $9750. Its scrap value is $13000. The inventory could be sold for $32500 if manufactured further at an additional cost of $9750. What should Coronado do? a. Manufacture further and sell it for $32500 b. Sell the inventory for $13000 scrap value c. Hold the inventory at its $9750 cost d. Dispose of the inventory to avoid any further decline in value
Swifty Corporation sells radios for $50 per unit. The fixed costs are $345000 and the variable...
Swifty Corporation sells radios for $50 per unit. The fixed costs are $345000 and the variable costs are 60% of the selling price. As a result of new automated equipment, it is anticipated that fixed costs will increase by $25000 and variable costs will be 50% of the selling price. The new break-even point in units is: 12350 14800 13800 17250 Vaughn Manufacturing can produce 100 units of a component part with the following Direct Materials Direct Labor Variable Overhead...
Exercise 23-7 Scrap or rework LO A1 Varto Company has 11,000 units of its sole product...
Exercise 23-7 Scrap or rework LO A1 Varto Company has 11,000 units of its sole product in inventory that it produced last year at a cost of $24 each. This year's model is superior to last year's, and the 11,000 units cannot be sold at last year's regular selling price of $47 each. Varto has two alternatives for these items: (1) they can be sold to a wholesaler for $12 each, or (2) they can be reworked at a cost...
Varto Company has 9,000 units of its sole product in inventory that it produced last year...
Varto Company has 9,000 units of its sole product in inventory that it produced last year at a cost of $26 each. This year's model is superior to last year's and the 9,000 units cannot be sold at last year's regular selling price of $52 each. Varto has two alternatives for these items: (1) they can be sold to a wholesaler for $14 each, or (2) they can be processed further at a cost of $186,000 and then sold for...
Joint cost allocation Lovely Lotion Inc. produces three different lotions: hand, body, and foot. The lotions...
Joint cost allocation
Lovely Lotion Inc. produces three different lotions: hand, body,
and foot. The lotions are produced jointly in a mixing process that
costs a total of $250 per batch. At the split-off point, one batch
produces 80, 40, and 25 bottles of hand, body, and foot lotion,
respectively. After the split-off point, hand lotion is sold
immediately for $2.50 per bottle. Body lotion is processed further
at an additional cost of $0.25 per bottle and then sold for...
Joint cost allocation Lovely Lotion Inc. produces three different lotions: hand, body, and foot. The lotions...
Joint cost allocation Lovely Lotion Inc. produces three different lotions: hand, body, and foot. The lotions are produced jointly in a mixing process that costs a total of $250 per batch. At the split-off point, one batch produces 80, 40, and 25 bottles of hand, body, and foot lotion, respectively. After the split-off point, hand lotion is sold immediately for $2.50 per bottle. Body lotion is processed further at an additional cost of $0.25 per bottle and then sold for...
Problem 1 Bisha Corporation is considering trading a truck with a book value of SAR 52,000...
Problem 1 Bisha Corporation is considering trading a truck with a book value of SAR 52,000 with an estimated five-year life for a new truck that would cost SAR 80,000. The old truck could be sold for SAR 55,000. The new truck has a five-year life with no residual value. The new truck would reduce annual operating costs by SAR 4,300 per year. Prepare a differential analysis on whether to continue with the old machine (Alternative 1) or purchase the...
Swifty Corporation sells radios for $50 per unit. The fixed costs are $345000 and the variable costs are 60% of the selling price. As a result of new automated equipment, it is anticipated that fixed costs will increase by $25000 and variable costs will be 50% of the selling price. The new break-even point in units is: 12350 14800 13800 17250 Vaughn Manufacturing can produce 100 units of a component part with the following Direct Materials Direct Labor Variable Overhead...
Exercise 23-7 Scrap or rework LO A1 Varto Company has 11,000 units of its sole product in inventory that it produced last year at a cost of $24 each. This year's model is superior to last year's, and the 11,000 units cannot be sold at last year's regular selling price of $47 each. Varto has two alternatives for these items: (1) they can be sold to a wholesaler for $12 each, or (2) they can be reworked at a cost...
Varto Company has 9,000 units of its sole product in inventory that it produced last year at a cost of $26 each. This year's model is superior to last year's and the 9,000 units cannot be sold at last year's regular selling price of $52 each. Varto has two alternatives for these items: (1) they can be sold to a wholesaler for $14 each, or (2) they can be processed further at a cost of $186,000 and then sold for...
Joint cost allocation
Lovely Lotion Inc. produces three different lotions: hand, body,
and foot. The lotions are produced jointly in a mixing process that
costs a total of $250 per batch. At the split-off point, one batch
produces 80, 40, and 25 bottles of hand, body, and foot lotion,
respectively. After the split-off point, hand lotion is sold
immediately for $2.50 per bottle. Body lotion is processed further
at an additional cost of $0.25 per bottle and then sold for...
Joint cost allocation Lovely Lotion Inc. produces three different lotions: hand, body, and foot. The lotions are produced jointly in a mixing process that costs a total of $250 per batch. At the split-off point, one batch produces 80, 40, and 25 bottles of hand, body, and foot lotion, respectively. After the split-off point, hand lotion is sold immediately for $2.50 per bottle. Body lotion is processed further at an additional cost of $0.25 per bottle and then sold for...
Problem 1 Bisha Corporation is considering trading a truck with a book value of SAR 52,000 with an estimated five-year life for a new truck that would cost SAR 80,000. The old truck could be sold for SAR 55,000. The new truck has a five-year life with no residual value. The new truck would reduce annual operating costs by SAR 4,300 per year. Prepare a differential analysis on whether to continue with the old machine (Alternative 1) or purchase the...
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