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Information is presented for the activity costs of Oxford Wholesale Company: Activity Cost per Unit of...
Stage 2 ABC for a Wholesale Company Information is presented for the activity costs of Oxford...
Stage 2 ABC for a Wholesale Company Information is presented for the activity costs of Oxford Wholesale Company: Activity Cost per Unit of Activity Driver Customer relations per month $95.00 per customer Selling Accounting Warehousing Packing Shipping 0.07 per sales dollar 5.00 per order 0.50 per unit 0.25 per unit shipped 0.20 per pound shipped shipped The following information pertains to Oxford Wholesale Company's activities in Massachusetts for the month of March 2016 Number of orders Sales revenue Cost of...
Stage 2 ABC for a Wholesale Company Information is presented for the activity costs of Brighton...
Stage 2 ABC for a Wholesale Company Information is presented for the activity costs of Brighton Wholesale Company: Activity Cost per Unit of Activity Driver Customer relations $82.00 per customer per month Selling 0.09 per sales dollar Accounting 7.00 per order Warehousing 0.60 per unit shipped Packing 0.35 per unit shipped Shipping 0.40 per pound shipped The following information pertains to Brighton Wholesale Company's activities in Colorado for the month of June 2017: Number of orders 320 Sales revenue $218,000...
You operate a lemonade stand. The wholesale cost of lemonade Is $0.50 per unit. The cost...
You operate a lemonade stand. The wholesale cost of lemonade Is $0.50 per unit. The cost of rent for the stand is $50 per day. You need to choose your pricing and advertising strategy. You are considering alternatives: A: If you set the selling price to $1.50 per unit and spend $0 on advertising, you will sell 120 units per day U: If you reduce the selling price to $1.20 per unit and spend $0 on advertising, you wll sell...
Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs...
Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200 Machining Machine hours 100,000 300,000 $1,850,000 56,000,000 15,000,000 Engineering Engineering hours 50,000 100,000 Packing Packing orders 100,000 400,000 200,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups Machining $ $ 3,700 140...
For a table manufacturing company, selling price for a table is $177.00 per Unit, Variable cost...
For a table manufacturing company, selling price for a table is $177.00 per Unit, Variable cost is $29.00 per Unit, rent is $3,391.00 per month and insurance is $288.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $318.00 per Unit, Variable cost to $57.00 per Unit, bigger area will have rent $5,972.00 per month and insurance is $400.00 per month At what point will...
The company also established the following cost formulas for its selling expenses: Variable Cost per Unit...
The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Fixed Cost per Month $200,000 $100,000 Advertising Sales salaries and commissions Shipping expenses $12.00 $ 3.00 The planning budget for March was based on producing and selling 25,000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.50 per pound. All of this material...
Eley Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 40,000 units per month is as follows:
Eley Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 40,000 units per month is as follows: Direct Materials$42.60Direct Labour$8.10Variable Manufacturing Overhead$1.10Fixed Manufacturing Overhead$17.30Variable Selling & Administrative Expense$1.8Fixed Selling & Administrative Expense$8.00The normal selling price of the product is $86.10 per unit. An order has been received from an overseas customer for 2,000 units to be delivered this month at a special discounted price. This order would...
Julison Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 60,000 units per month is as follows:
Julison Company produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 60,000 units per month is as follows: The normal selling price of the product is $79.80 per unit. An order has been received from an overseas customer for 2.000 units to be delivered this month at a special discounted price. This order would have no effect on the company's normal sales and would not change the...
Bluegill Company sells 12,800 units at $380 per unit. Fixed costs are $243,200, and operating income...
Bluegill Company sells 12,800 units at $380 per unit. Fixed costs are $243,200, and operating income is $1,216,000. Determine the following: a. Variable cost per unit b. Unit contribution margin per unit c. Contribution margin ratio % Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,300 $55,700 24,700 $147,300 Inspections Assembly (dih) 73,400 $389,300 a. $5.96 b. $5.30 c. $5.41 d. $5.46 Zoe Corporation has the following information for the...
Merline Manufacturing makes its product for $75 per unit and sells it for $150 per unit....
Merline Manufacturing makes its product for $75 per unit and sells it for $150 per unit. The sales staff receives a 10% commission on the sale of each unit. Its December income statement follows. MERLINE MANUFACTURING Income Statement For Month Ended December 31, 2019 Sales $2,250,000 Cost of goods sold 1,125,000 Gross profit 1,125,000 Operating expenses Sales commissions (10%) 225,000 Advertising 250,000 Store rent 30,000 Administrative salaries 45,000 Depreciation-office equipment 50,000 Other expenses 10,000 Total expenses 610,000 Net income $...
Stage 2 ABC for a Wholesale Company Information is presented for the activity costs of Oxford Wholesale Company: Activity Cost per Unit of Activity Driver Customer relations per month $95.00 per customer Selling Accounting Warehousing Packing Shipping 0.07 per sales dollar 5.00 per order 0.50 per unit 0.25 per unit shipped 0.20 per pound shipped shipped The following information pertains to Oxford Wholesale Company's activities in Massachusetts for the month of March 2016 Number of orders Sales revenue Cost of...
You operate a lemonade stand. The wholesale cost of lemonade Is $0.50 per unit. The cost of rent for the stand is $50 per day. You need to choose your pricing and advertising strategy. You are considering alternatives: A: If you set the selling price to $1.50 per unit and spend $0 on advertising, you will sell 120 units per day U: If you reduce the selling price to $1.20 per unit and spend $0 on advertising, you wll sell...
Unit prime cost $529 $483 In addition, the following information was provided so that overhead costs could be assigned to each product: Activity Name Activity Driver Deluxe Regular Activity Cost Setups Number of setups 300 200 Machining Machine hours 100,000 300,000 $1,850,000 56,000,000 15,000,000 Engineering Engineering hours 50,000 100,000 Packing Packing orders 100,000 400,000 200,000 Required: 1. Calculate the overhead rates for each activity. If required, carry your answers out to the nearest cent. Setups Machining $ $ 3,700 140...
The company also established the following cost formulas for its selling expenses: Variable Cost per Unit Sold Fixed Cost per Month $200,000 $100,000 Advertising Sales salaries and commissions Shipping expenses $12.00 $ 3.00 The planning budget for March was based on producing and selling 25,000 units. However, during March the company actually produced and sold 30,000 units and incurred the following costs: a. Purchased 160,000 pounds of raw materials at a cost of $7.50 per pound. All of this material...
Bluegill Company sells 12,800 units at $380 per unit. Fixed costs are $243,200, and operating income is $1,216,000. Determine the following: a. Variable cost per unit b. Unit contribution margin per unit c. Contribution margin ratio % Given the following information, determine the activity rate for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 10,300 $55,700 24,700 $147,300 Inspections Assembly (dih) 73,400 $389,300 a. $5.96 b. $5.30 c. $5.41 d. $5.46 Zoe Corporation has the following information for the...
Merline Manufacturing makes its product for $75 per unit and sells it for $150 per unit. The sales staff receives a 10% commission on the sale of each unit. Its December income statement follows. MERLINE MANUFACTURING Income Statement For Month Ended December 31, 2019 Sales $2,250,000 Cost of goods sold 1,125,000 Gross profit 1,125,000 Operating expenses Sales commissions (10%) 225,000 Advertising 250,000 Store rent 30,000 Administrative salaries 45,000 Depreciation-office equipment 50,000 Other expenses 10,000 Total expenses 610,000 Net income $...
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