Bonita Industries has gathered the following information concerning one model of shoe: Variable manufacturing costs $40000...
Bonita Industries has gathered the following information
concerning one model of shoe:
| Variable manufacturing costs | $40000 |
| Variable selling and administrative costs | $20000 |
| Fixed manufacturing costs | $160000 |
| Fixed selling and administrative costs | $120000 |
| Investment | $1500000 |
| ROI | 30% |
| Planned production and sales | 4000 pairs |
What is the total cost per pair of shoes?
Homework Answers
| Variable manufacturing costs | $ 40,000.00 |
| Variable selling and administrative costs | $ 20,000.00 |
| Fixed manufacturing costs | $ 160,000.00 |
| Fixed selling and administrative costs | $ 120,000.00 |
| Total Cost | $ 340,000.00 |
| Planned production and sales | 4000 |
| Total Cost per pair of shoes | $ 85.00 |
Add Answer to:
Bonita Industries has gathered the following information
concerning one model of shoe:
Variable manufacturing costs
$40000...
Waterway Industries has gathered the following information concerning one model of shoe: Variable manufacturing costs $48000...
Waterway Industries has gathered the following information concerning one model of shoe: Variable manufacturing costs $48000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 6000 pairs What is the desired ROI per pair of shoes?
Sheffield Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $20000...
Sheffield Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $20000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1600000 ROI 30% Planned production and sales 5000 pairs What is the markup percentage?
Coronado Industries has gathered the following information concerning one model of shoe: Variable manufacturing costs $25000...
Coronado Industries has gathered the following information concerning one model of shoe: Variable manufacturing costs $25000 Variable selling and administrative costs $15000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1600000 ROI 30% Planned production and sales 5000 pairs What is the markup percentage? 1200% 171% 150% 259%
Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs...
Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs $40,000 Variable selling and administrative costs $20,000 Fixed manufacturing costs $160,000 Fixed selling and administrative costs $120,000 Investment $1,200,000 ROI 20% Planned production and sales 5,000 pairs What is the target selling price per pair of shoes?
Bonita Industries sells its product for $7100 per unit. Variable costs per unit are: manufacturing, $3000,...
Bonita Industries sells its product for $7100 per unit. Variable costs per unit are: manufacturing, $3000, and selling and administrative, $100. Fixed costs are: $18000 manufacturing overhead, and $24000 selling and administrative. There was no beginning inventory at 1/1/15. Production was 20 units per year in 2015–2017. Sales were 20 units in 2015, 16 units in 2016, and 24 units in 2017. Income under absorption costing for 2016 is
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...
Multiple Choice Question 82 Bonita Industries has the following costs when producing 100000 units: Variable costs...
Multiple Choice Question 82 Bonita Industries has the following costs when producing 100000 units: Variable costs Fixed costs $600000 900000 An outside supplier has offered to make the item at $4.50 a unit. If the decision is made to purchase the item outside, current production facilities could be leased to another company for $164000. The net increase (decrease) in the net income of accepting the supplier's offer is $314000. $(14000). $844000. $286000.
Mercuri Company has gathered the following information: Variable manufacturing overhead costs $13,680 Fixed manufacturing overhead costs...
Mercuri Company has gathered the following information:
Variable manufacturing overhead costs
$13,680
Fixed manufacturing overhead costs
$10,710
Normal production level in labour hours
9,000
Standard labour hours
9,500
During the year, 3,050 units were produced, 10,900 hours were
worked, and the actual manufacturing overhead was $21,800. Actual
fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Calculate the total, fixed, and variable predetermined overhead
rates.(Round answers to 2 decimal places, e.g.
15.25.)
Fixed predetermined ovehead rate
$...
Assume the following information for one segment of a company: Sales revenue $2,600,000 Variable manufacturing costs...
Assume the following information for one segment of a company: Sales revenue $2,600,000 Variable manufacturing costs 200,000 Fixed manufacturing costs 350,000 Variable selling/administrative costs 120,000 Fixed selling/administrative costs 80,000 What is the product line's segment income? $2,280,000 $1,930,000 $2,050,000 $1,850,000
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs...
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $125,000 42,500 37,500 15,000 12,500 What is this company's contribution margin? Multiple Choice o $30,000 $45,000 0 $67,500 0 $17,500 $17,500
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...
Multiple Choice Question 82 Bonita Industries has the following costs when producing 100000 units: Variable costs Fixed costs $600000 900000 An outside supplier has offered to make the item at $4.50 a unit. If the decision is made to purchase the item outside, current production facilities could be leased to another company for $164000. The net increase (decrease) in the net income of accepting the supplier's offer is $314000. $(14000). $844000. $286000.
Mercuri Company has gathered the following information:
Variable manufacturing overhead costs
$13,680
Fixed manufacturing overhead costs
$10,710
Normal production level in labour hours
9,000
Standard labour hours
9,500
During the year, 3,050 units were produced, 10,900 hours were
worked, and the actual manufacturing overhead was $21,800. Actual
fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Calculate the total, fixed, and variable predetermined overhead
rates.(Round answers to 2 decimal places, e.g.
15.25.)
Fixed predetermined ovehead rate
$...
The following information is provided for Southall Company: Sales revenue Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative costs Fixed selling and administrative costs $125,000 42,500 37,500 15,000 12,500 What is this company's contribution margin? Multiple Choice o $30,000 $45,000 0 $67,500 0 $17,500 $17,500
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