4 Assuming, you are managing the production of shoes in a manufacturing company, which production costs...
4 Assuming, you are managing the production of shoes in a manufacturing company, which production costs would you pay attention to make sure that the company is not operating at a loss.
Homework Answers
Ans. Some of the production costs which I would pay attention to while managing the production of shoes are :
1) Cost of Production Labor
2) Cost of Raw Material
3) Rent of the factory
4) Machine Operating Cost
5) Cost of Overheads like : Lightning , Electricity etc.
Best of Luck !! !!
Add Answer to:
4 Assuming, you are managing the production of shoes in a
manufacturing company, which production costs...
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost...
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost, C (g), the total revenue, R g), and the total profit, π(g), as a function of the (b) How many pairs of shoes must be produced and sold for the company to make a profit? number of pairs of shoes produced, q.
3. Production costs...
5. Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap...
5. Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 2 TL premium to sales person and 2 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs...
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes...
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 1 TL premium to sales person and 1 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs are...
Suppose that you are the managing director of MLK Auto Company, which is considering expanding its...
Suppose that you are the managing director of MLK Auto Company, which is considering expanding its business to China. You wish to produce your auto parts within Chinese borders so that you can lower your labor costs and therefore lower production costs. You realize that you are not fully aware of the detailed economic environment, cultural barriers, and legal issues associated with operating a business within that country. Discuss the best entry method to use for this situation in order...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
A. Assuming use of direct-labor hours to apply overhead to production, compute the unit manufacturing costs...
A. Assuming use of
direct-labor hours to apply overhead to production, compute the
unit manufacturing costs of the Standard and Enhanced products if
the expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
B. Assuming use of activity-based costing, compute the unit
manufacturing costs of the Standard and Enhanced products if the
expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
C. By using direct-labor hours...
(a). at market price? (b) at efficiency price? 6. 4 marks] Assuming that shoes have a...
(a). at market price?
(b) at efficiency price?
6. 4 marks] Assuming that shoes have a world price of US$60 each, that the EU has a 45% ad valorem import duty on footwear which applies to all types of footwear and an Italian company is proposing a project to substitute 150,000 imported shoes by domestically produced shoes. The annual cost of the project (operating cost plus annual equivalent capital cost) at both market and efficiency prices is $9.4 millions. Apart...
Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption...
Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenues $469,100 $276,800 $235,300 Cost of goods sold (243,900) (135,600) (157,700) Gross profit $225,200 $141,200 $77,600 Selling and administrative expenses (193,700) (101,700) (129,600) Operating income $31,500 $39,500 $(52,000) In addition, you have determined the following...
0.000 4 pt Question 32 Odord Sports Inc manufactures the sport shoes for men and the...
0.000 4 pt Question 32 Odord Sports Inc manufactures the sport shoes for men and the company incurs the following production costs for a pair of shoes • Direct materials $15 • Direct Labour $12 • Variable overhead: 547 • Fired overhead 55 Pricing policy of Oxford Sports Inc sets the normal sales price for a pair of sport shoes to be marked-up on total production costs by 200% The company has received a special order for 19,042 sport shoes...
Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption...
Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements—Absorption Costing For the Year Ended December 31, 20Y1 Cross Training Shoes Golf Shoes Running Shoes Revenues $459,900 $275,900 $234,500 Cost of goods sold (239,100) (135,200) (157,100) Gross profit $220,800 $140,700 $77,400 Selling and administrative expenses (189,900) (101,300) (129,300) Operating income $30,900 $39,400 $(51,900) In addition, you have determined the following...
3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost, C (g), the total revenue, R g), and the total profit, π(g), as a function of the (b) How many pairs of shoes must be produced and sold for the company to make a profit? number of pairs of shoes produced, q.
3. Production costs...
5. Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 2 TL premium to sales person and 2 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs...
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 1 TL premium to sales person and 1 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs are...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
A. Assuming use of
direct-labor hours to apply overhead to production, compute the
unit manufacturing costs of the Standard and Enhanced products if
the expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
B. Assuming use of activity-based costing, compute the unit
manufacturing costs of the Standard and Enhanced products if the
expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
C. By using direct-labor hours...
(a). at market price?
(b) at efficiency price?
6. 4 marks] Assuming that shoes have a world price of US$60 each, that the EU has a 45% ad valorem import duty on footwear which applies to all types of footwear and an Italian company is proposing a project to substitute 150,000 imported shoes by domestically produced shoes. The annual cost of the project (operating cost plus annual equivalent capital cost) at both market and efficiency prices is $9.4 millions. Apart...
Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenues $469,100 $276,800 $235,300 Cost of goods sold (243,900) (135,600) (157,700) Gross profit $225,200 $141,200 $77,600 Selling and administrative expenses (193,700) (101,700) (129,600) Operating income $31,500 $39,500 $(52,000) In addition, you have determined the following...
0.000 4 pt Question 32 Odord Sports Inc manufactures the sport shoes for men and the company incurs the following production costs for a pair of shoes • Direct materials $15 • Direct Labour $12 • Variable overhead: 547 • Fired overhead 55 Pricing policy of Oxford Sports Inc sets the normal sales price for a pair of sport shoes to be marked-up on total production costs by 200% The company has received a special order for 19,042 sport shoes...
Most questions answered within 3 hours.
-
To be done in java code. 2 words are anagrams if 1 word can be
formed...
asked 27 seconds ago -
The income statement for the month of June, 2014 of Happy Smiles
Enterprises contains the following...
asked 2 minutes ago -
1-Calculate the mass in grams of 2.55 moles of KCl
2- Calculate how many moles are...
asked 2 minutes ago -
1. Choose value for p between 0.20 and 0.80. It should have at
least two decimal...
asked 4 minutes ago -
QUESTIONS: 500 words for the question
In defining abnormality, the criteria of “deviance”, “distress”
and “dysfunction”...
asked 5 minutes ago -
A sample of n = 25 scores produces a t statistic of t =
-2.062. If...
asked 23 minutes ago -
Given the following, compute the after tax cost of debt: The par
value of the firms...
asked 17 minutes ago -
Coding in C. Please only use stdio.h (which would mean no malloc
or anything like that)...
asked 22 minutes ago -
Use the fundamental accounting equation to find the missing
amounts.
Scenario
Assets
Liabilities
Equity
1
$...
asked 20 minutes ago -
A population has a mean of 200 and a standard deviation of 60.
Suppose a sample...
asked 25 minutes ago -
A bicyclist starting at rest produces a constant angular
acceleration of 1.10 rad/s2 for wheels that...
asked 39 minutes ago -
The
half-life of a radioactive source is 14.0 minutes. How much time
must elapse before the...
asked 36 minutes ago