Homework Answers
The operating income is calculated as under:
Notes:
1. Revenues = No. of pencil packs x Average selling price per pack
= 250,000 x 8 = $2,000,000
2. Purchase Cost of pencil packs = No. of pencil packs x Average purchase cost per pack
= 250,000 x 6 = $1,500,000
3. Ordering Cost = No. of orders x Cost per order
= 500 x 100 = $50,000
4. Receiving and Storage = No. of loads removed x Cost per load
= 4,000 x 60 = $240,000
5. Shipping = Number of shipments x Cost per shipment
= 1,500 x 80 = $120,000
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Cost accounting! Chapter is about pricing decision and cost
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