Homework Answers
| 1- | ||
| Annual fixed cost | 500000 | |
| annual overhead allocation | 50000 | |
| total fixed cost | 550000 | |
| Visit price to break even = total fixed cost/no of visits planned | 550000/10000 | 55 |
| Visit price to earn a profit of 100000 = total fixed cost/no of visits planned | (550000+100000)/10000 | 65 |
| 2- | ||
| Variable cost | 10000*10 | 100000 |
| Annual fixed cost | 500000 | |
| annual overhead allocation | 50000 | |
| total fixed cost | 550000 | |
| Visit price to break even = (variable cost +total fixed cost)/no of visits planned | (100000+550000)/10000 | 65 |
| Visit price to earn a profit of 100000 =(variable cost + total fixed cost+target profit)/no of visits planned | (100000+550000+100000)/10000 | 75 |
| 3- | ||
| Annual fixed cost | 1000000 | |
| annual overhead allocation | 50000 | |
| total fixed cost | 1050000 | |
| Visit price to break even = total fixed cost/no of visits planned | 1050000/10000 | 105 |
| Visit price to earn a profit of 100000 = total fixed cost/no of visits planned | (1050000+100000)/10000 | 115 |
| 4- | ||
| Variable cost | 10000*10 | 100000 |
| Annual fixed cost | 1000000 | |
| annual overhead allocation | 50000 | |
| total fixed cost | 1050000 | |
| Visit price to break even = (variable cost +total fixed cost)/no of visits planned | (100000+1050000)/10000 | 115 |
| Visit price to earn a profit of 100000 =(variable cost + total fixed cost+target profit)/no of visits planned | (100000+1050000+100000)/10000 | 125 |
| 2- | housekeeping,utilities, information technology | |
| 3- | option is D | all of the above |
| 4- | option is A determining the allocation amount | |
| 5- | incomplete question |
Add Answer to:
5.1 Assume that the managers of Fort Winston Hospital are setting the price on a new...
Assume that the managers at Lehman Hospital are setting the price on a new outpatient service....
Assume that the managers at Lehman Hospital are setting the price on a new outpatient service. Here are the relevant data estimates for: Fixed Costs = $500,000 Variable cost per visit = $35 Expected annual utilization = 12,500 visits What per visit price must be set for the service to break even? If Lehman Hospital decides to charge $100 per visit, what number of visits will be required for the service to obtain a profit of $250,000
6.3 its and four patient services partments are as follows: The following data pertain to problems 6.3 trong 6....
6.3
its and four patient services partments are as follows: The following data pertain to problems 6.3 trong 6.6: St. Benedict's Hospital has three support departments and four departments. The direct costs to cach of the support departmen General Administration Facilities Financial Services 3,000,000 Selected data for the three support and four patient services departm shown below: $2,000,000 5,000,000 departments are Housekeeping Labor Hours Salary Dollars 2,000 $1,500,000 Patient Space Services (square Department Revenue feet) Support: a General 10,000 Administration...
USE THE FOLLOWING COST AND REVENUE DATA FOR THE NEXT TWO QUESTIONS Assume a clinical laboratory...
USE THE FOLLOWING COST AND REVENUE DATA FOR THE NEXT TWO QUESTIONS Assume a clinical laboratory is considering a new test. Here are the key assumptions: Annual fixed direct costs = $20,000. Annual overhead allocation = $10,000. Variable cost per test = $5. Expected volume = 5,000 tests. 1. What price should be set under full cost pricing? a. $ 5 b. $ 7 c. $ 9 d. $11 e. $13 2. What price should be set under marginal cost...
assume the cost structure is as follows: TC=25,000+5Q, where TC=total costs, q=quantities sold. under relevant range...
assume the cost structure is as follows: TC=25,000+5Q, where TC=total costs, q=quantities sold. under relevant range of sales, selling price per unit is $8.00. total fixed costs are a. $100,000 b. $50,000 c. $25,000 d. more information is needed
#6. Allied Laboratories is combing some of its most common tests into one-price packages. One such...
#6. Allied Laboratories is combing some of its most common tests into one-price packages. One such package will contain three tests that have the following variable costs: Test A Test B Test C Disposable Syringe $4.00 $4.00 $4.00 Blood Vial $0.50 $0.50 $0.50 Forms $0.15 $0.15 $0.15 Reagents $0.80 $0.60 $1.20 Sterile Bandages $0.20 $0.20 $0.20 Breakage/losses $0.05 $0.05 $0.05 When the tests are combined, only one syringe, form, and sterile bandage will be used. Furthermore, only one charge for...
PART II: NEW SCENARIO - GHA 4 To complete PART II, you will need to follow...
PART II: NEW SCENARIO - GHA 4 To complete PART II, you will need to follow the same process as Part I. In this scenario, the direct costs have remained the same, however the indirect costs and allocation basis have been changed. Here is the information that you will need to complete Part II. DIRECT COSTS The direct costs for each department are easily identifiable, because they are the costs that are directly attributable to the department. The direct costs...
Please explain the answer clearly the topic of these questions above is Transfer Price. Assume 200...
Please explain the answer clearly
the topic of these questions above is Transfer
Price.
Assume 200 barrels are transferred from the Production Division to the Refining Division for a transfer price of $6 per barrel. The Refining Division sells the 200 barrels at a price of $40 each to customers. What is the operating income of both divisions together? - a. $2,400- b. $2,600 $3,600 - d. $6,800 soo Answer: b Revenues = ($40 x 200)= Cost = ($3 +...
please show work/give explaination ولادیم 6. Compute purchases of new merchandise during the period using the...
please show work/give explaination
ولادیم 6. Compute purchases of new merchandise during the period using the following data: Cost of beginning inventory $40 Cost of goods sold (COGS) $140 Cost of ending inventory $30 A. $10 8 $130- C. $150 D. $210 not enough information-need data on fixed and variable COGS X Manufacturing costs for product X include direct materials $18 per unit, direct labor $1 per unit, variable overhead $2 per unit, and fixed overhead $3 per unit, for...
1. UNIS Let's start with an easy one! Which of the following wou with an easy...
1. UNIS Let's start with an easy one! Which of the following wou with an easy one! Which of the following would most likely be a fixed cost for a Subway restaurant? a. Lettuce b. Fritos chips c. Turkey d. Coca-Cola e. Rent 2. A sunk cost is: a. a cost which can be shifted to the future with little effect on current operations. b. a cost which cannot be avoided because it has already been incurred. c. a cost...
C LIO, customer profit U ty, quality, just-in-time systems, investment decisions, transfer pricing, and performance evaluation....
C LIO, customer profit U ty, quality, just-in-time systems, investment decisions, transfer pricing, and performance evaluation. Each of these topics invariably has product costing planning and control, and decision-making perspectives. A command of the first 11 chapters will help you master these topics. For example, Chapter 12 on strategy describes the balanced scorecard, a set of finan- cial and nonfinancial measures used to implement strategy that builds on the planning and control functions. The section on strategic analysis of operating...
6.3
its and four patient services partments are as follows: The following data pertain to problems 6.3 trong 6.6: St. Benedict's Hospital has three support departments and four departments. The direct costs to cach of the support departmen General Administration Facilities Financial Services 3,000,000 Selected data for the three support and four patient services departm shown below: $2,000,000 5,000,000 departments are Housekeeping Labor Hours Salary Dollars 2,000 $1,500,000 Patient Space Services (square Department Revenue feet) Support: a General 10,000 Administration...
#6. Allied Laboratories is combing some of its most common tests into one-price packages. One such package will contain three tests that have the following variable costs: Test A Test B Test C Disposable Syringe $4.00 $4.00 $4.00 Blood Vial $0.50 $0.50 $0.50 Forms $0.15 $0.15 $0.15 Reagents $0.80 $0.60 $1.20 Sterile Bandages $0.20 $0.20 $0.20 Breakage/losses $0.05 $0.05 $0.05 When the tests are combined, only one syringe, form, and sterile bandage will be used. Furthermore, only one charge for...
PART II: NEW SCENARIO - GHA 4 To complete PART II, you will need to follow the same process as Part I. In this scenario, the direct costs have remained the same, however the indirect costs and allocation basis have been changed. Here is the information that you will need to complete Part II. DIRECT COSTS The direct costs for each department are easily identifiable, because they are the costs that are directly attributable to the department. The direct costs...
Please explain the answer clearly
the topic of these questions above is Transfer
Price.
Assume 200 barrels are transferred from the Production Division to the Refining Division for a transfer price of $6 per barrel. The Refining Division sells the 200 barrels at a price of $40 each to customers. What is the operating income of both divisions together? - a. $2,400- b. $2,600 $3,600 - d. $6,800 soo Answer: b Revenues = ($40 x 200)= Cost = ($3 +...
please show work/give explaination
ولادیم 6. Compute purchases of new merchandise during the period using the following data: Cost of beginning inventory $40 Cost of goods sold (COGS) $140 Cost of ending inventory $30 A. $10 8 $130- C. $150 D. $210 not enough information-need data on fixed and variable COGS X Manufacturing costs for product X include direct materials $18 per unit, direct labor $1 per unit, variable overhead $2 per unit, and fixed overhead $3 per unit, for...
1. UNIS Let's start with an easy one! Which of the following wou with an easy one! Which of the following would most likely be a fixed cost for a Subway restaurant? a. Lettuce b. Fritos chips c. Turkey d. Coca-Cola e. Rent 2. A sunk cost is: a. a cost which can be shifted to the future with little effect on current operations. b. a cost which cannot be avoided because it has already been incurred. c. a cost...
C LIO, customer profit U ty, quality, just-in-time systems, investment decisions, transfer pricing, and performance evaluation. Each of these topics invariably has product costing planning and control, and decision-making perspectives. A command of the first 11 chapters will help you master these topics. For example, Chapter 12 on strategy describes the balanced scorecard, a set of finan- cial and nonfinancial measures used to implement strategy that builds on the planning and control functions. The section on strategic analysis of operating...
Most questions answered within 3 hours.
-
Kylie is a single mom with two dependent children,
Tanner, age 7 and Olivia, age 11....
asked 1 hour ago -
Phosphorous + bromine = phosphorous tribromide. If 35.0 g of
bromine are reacted and 27.9 grams...
asked 2 hours ago -
Derive the long wavelength limit of the Planck energy density
distribution
asked 2 hours ago -
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 6 hours ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 6 hours ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 6 hours ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 6 hours ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 6 hours ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 6 hours ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 6 hours ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 6 hours ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 6 hours ago