Homework Answers
Solution-
a) Manufacturing cost per table = $80
Variable cost = 70% or 0.70
The lowest price Backwoods should bid on the 100 rustic tables one-time special order is = ($80 * 0.70 * 100)
= $5600
Ans :- Therefore, the lowest price Backwoods should bid on the 100 rustic tables one-time special order is $5600 .
b) Full cost = $80
Also , Backwood's policy to add a 50% markup to full cost , which is $40
The lowest price per unit Backwoods should bid on the long-term hotel chain order = $80 + $40
= $120
Ans :- Therefore , the lowest price Backwood should bid on the long-term order is $120 per table .
Add Answer to:
UJ MUI Pulaleu manuractures rustic furniture. The cost accounting system estimates manufacturing costs to be $80...
Backwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $80 per...
Backwoods Incorporated manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $80 per table, consisting of 70% variable costs and 30% fixed costs. The company has surplus capacity available. It is Backwoods’ policy to add a 50% markup to full costs. Backwoods Incorporated is invited to bid on an order to supply 100 rustic tables. What is the lowest price Backwoods should bid on this one-time-only special order? A large hotel chain is currently expanding and has...
Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of...
Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of $95 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $44,000; 250 direct manufacturing labor - hours at $30 per hour, and a 50% markup rate on total manufacturing costs. The bid price for this special order is O A. $77.250 B. $101,625 c. $60,250 OD. $112,875
Business Decision Case The following total cost data are for Ralston Manufacturing Company, which has a...
Business Decision Case The following total cost data are
for Ralston Manufacturing Company,
which has a normal capacity per period of 400,000 units
of product that sell for $18 each. For the
foreseeable future, regular sales volume should continue
at normal capacity of production
Solution 6.1
y-intercept 5 Total fixed costs of $5.000
Slope 5 Variable cost per unit of approximately $0.50
per water bottle cage
Total cost 5 ($0.50 3 # of water bottle cages) 1
$5,000
$25,000 5...
Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of...
Total cost data follow for
Glendale Manufacturing Company, which has a normal capacity per
period of 8,000 units of product that sell for $60 each. For the
foreseeable future, regular sales volume should continue to equal
normal capacity.
Dirert matanal 64 000 Variable manufscturing overhead 48,400 Fixed manufacturing overhead (Note 38,400 Selling expense (Note 2) 35,200 Administrative expense eec) $202 400 Notes . Beyond normal capacity, fixed overhead costs Increase $1,800 for each 500 units or fraction thereof untl a...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseeable future, regular sales volume should continue to equal normal capacity. Direct material $100,800 Direct labor 62,400 Variable manufacturing overhead 46,800 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $298,600 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for each 500 units...
Special Urder Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per...
Special Urder Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseeable future, regular sales volume should continue to equal normal capacity. Direct material $100,800 Direct labor 62,400 Variable manufacturing overhead 46,800 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $298,600 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for each 500 units...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseeable future, regular sales volume should continue to equal normal capacity. Direct material $102,400 Direct labor 64,000 Variable manufacturing overhead 48,400 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $303,400 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for each 500 units...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseeable future, regular sales volume should continue to equal normal capacity. Direct material $99,200 Direct labor 60,800 Variable manufacturing overhead 45,200 Fixed manufacturing overhead (Note 1) ad (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15.000 $293.800 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseeable future, regular sales volume should continue to equal normal capacity. Direct material $102,400 Direct labor 64,000 Variable manufacturing overhead 48,400 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $303,400 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for each 500 units...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. regular sales volume should continue to equal normal capacity. Direct material $102,400 Direct labor 64,000 Rectangular Snip Variable manufacturing overhead 48,400 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $303,400 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for each 500 units or fraction...
Candle Corp. applies manufacturing overhead costs to products at a budgeted indirect - cost rate of $95 per direct manufacturing labor-hour. A retail outlet has requested a bid on a special order of a necklace. Estimates for this order include: Direct materials of $44,000; 250 direct manufacturing labor - hours at $30 per hour, and a 50% markup rate on total manufacturing costs. The bid price for this special order is O A. $77.250 B. $101,625 c. $60,250 OD. $112,875
Business Decision Case The following total cost data are
for Ralston Manufacturing Company,
which has a normal capacity per period of 400,000 units
of product that sell for $18 each. For the
foreseeable future, regular sales volume should continue
at normal capacity of production
Solution 6.1
y-intercept 5 Total fixed costs of $5.000
Slope 5 Variable cost per unit of approximately $0.50
per water bottle cage
Total cost 5 ($0.50 3 # of water bottle cages) 1
$5,000
$25,000 5...
Total cost data follow for
Glendale Manufacturing Company, which has a normal capacity per
period of 8,000 units of product that sell for $60 each. For the
foreseeable future, regular sales volume should continue to equal
normal capacity.
Dirert matanal 64 000 Variable manufscturing overhead 48,400 Fixed manufacturing overhead (Note 38,400 Selling expense (Note 2) 35,200 Administrative expense eec) $202 400 Notes . Beyond normal capacity, fixed overhead costs Increase $1,800 for each 500 units or fraction thereof untl a...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseeable future, regular sales volume should continue to equal normal capacity. Direct material $100,800 Direct labor 62,400 Variable manufacturing overhead 46,800 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $298,600 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for each 500 units...
Special Urder Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseeable future, regular sales volume should continue to equal normal capacity. Direct material $100,800 Direct labor 62,400 Variable manufacturing overhead 46,800 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $298,600 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for each 500 units...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. For the foreseeable future, regular sales volume should continue to equal normal capacity. Direct material $99,200 Direct labor 60,800 Variable manufacturing overhead 45,200 Fixed manufacturing overhead (Note 1) ad (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15.000 $293.800 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for...
Special Order Total cost data follow for Glendale Manufacturing Company, which has a normal capacity per period of 8,000 units of product that sell for $60 each. regular sales volume should continue to equal normal capacity. Direct material $102,400 Direct labor 64,000 Rectangular Snip Variable manufacturing overhead 48,400 Fixed manufacturing overhead (Note 1) 38,400 Selling expense (Note 2) 35,200 Administrative expense (fixed) 15,000 $303,400 Notes: 1. Beyond normal capacity, fixed overhead costs increase $1,800 for each 500 units or fraction...
Most questions answered within 3 hours.
-
PLEASE DO BOTH OF THESE IN PYTHON!!! AND MAKE SURE THAT
I CAN COPY THE CODE....
asked 5 minutes ago -
While fishing you discover two types of mullet. Some
of the mullet jump out of the water...
asked 1 minute ago -
4. How could the Fed "finance the government's debt"? How does
that work, exactly?
5. In...
asked 8 minutes ago -
The x component of the velocity of an object vibrating
along the x-axis obeys the equation...
asked 1 hour ago -
A junction box contains two trade size 2 raceways on the left
side, and two trade...
asked 1 hour ago -
Atmospheric Mass
Venus and Earth have about the same mass and radius, but the
atmospheric pressure...
asked 2 hours ago -
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 3 hours ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 5 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 6 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 7 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 7 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 9 hours ago