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Question #5 The annual commissions eaned by sales representatives of Machine Products Inc., a manufacturer of...
The annual commissions earned by sales representatives of machine Products, Inc. a manufacturer of light machinery,...
The annual commissions earned by sales representatives of machine Products, Inc. a manufacturer of light machinery, follow the normal distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5,000. What is the cutoff point between those who earn the top 20% and those that do not?
Neptune Company has developed a small Inflatable toy that it is anxious to introduce to its...
Neptune Company has developed a small Inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 15,000 units and 40,000 units per month. The new toy will sell for $10.00 per unit. Enough capacity exists in the company's plant to produce 20,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $6.00, and incremental fixed expenses associated with...
ALPINE, INC. Income Statement For the year ended June 30, 2019 Sales (40,000 Units at $12)...
ALPINE, INC. Income Statement For the year ended June 30, 2019 Sales (40,000 Units at $12) $480,000 Less: Cost of Goods Sold Direct Materials Direct Labor Manufacturing Overhead $120,000 / 40000 = 3.0 65,600 40000 = 1.64 90.000 275,600 Gross Margin 204,400 Less: Operating expenses: Selling expenses: Variable: Sales Commissions Shipping -.96 $38,400/48000 = .08-> 8% 14,000 52,400 30400 40000 unit Fixed (Advertising, salaries) 110,000 Administrative expenses: Variable (billing, other) Fixed (salaries, other) 3,200 85,000 250,600 Net Loss $(46,200) All...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 20,000 units and 30,000 units per month. The new toy will sell for $8.00 per unit. Enough capacity exists in the company's plant to produce 25,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $4.00, and incremental fixed expenses associated with...
Oscar Clemente is the manager of Forbes Division of Pitt, Inc., a manufacturer of biotech products....
Oscar Clemente is the manager of Forbes Division of Pitt, Inc.,
a manufacturer of biotech products. Forbes Division, which has
$4.05 million in assets, manufactures a special testing device. At
the beginning of the current year, Forbes invested $5.12 million in
automated equipment for test machine assembly. The division’s
expected income statement at the beginning of the year was as
follows:
Sales revenue
$
16,060,000
Operating costs
Variable
2,100,000
Fixed (all cash)
7,660,000
Depreciation
New equipment
1,560,000
Other
1,330,000
Division...
Saved Help Neptune Company has developed a small inflatable toy that it is anxious to introduce...
Saved Help Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 20,000 units and 30,000 units per month. The new toy will sell for $10.00 per unit. Enough capacity exists in the company's plant to produce 25,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $6.00, and incremental fixed expenses...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 15,000 units and 30,000 units per month. The new toy will sell for $8.00 per unit. Enough capacity exists in the company's plant to produce 20,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $4.00, and incremental fixed expenses associated with...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 15,000 units and 30,000 units per month. The new toy will sell for $8.00 per unit. Enough capacity exists in the company's plant to produce 20,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $4.00, and incremental fixed expenses associated with...
Cane Company manufactures two products called Alpha and Beta that sell for $120 and $80, respectively....
Cane Company manufactures two products called Alpha and Beta that sell for $120 and $80, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 100,000 units of each product. Its average cost per unit for each product at this level of activity are given below: AlphaBeta Direct materials $30 $12 Direct labor 20 15 Variable manufacturing overhead 7 5 Traceable fixed manufacturing overhead 16 18 Variable selling expenses 12 8 Common fixed expenses 15 10 Total cost...
Neptune Company
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company’s Marketing Department estimates that demand for the new toy will range between 10,000 units and 35,000 units per month. The new toy will sell for $9.00 per unit. Enough capacity exists in the company’s plant to produce 15,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $5.00, and incremental fixed expenses associated with...
Neptune Company has developed a small Inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 15,000 units and 40,000 units per month. The new toy will sell for $10.00 per unit. Enough capacity exists in the company's plant to produce 20,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $6.00, and incremental fixed expenses associated with...
ALPINE, INC. Income Statement For the year ended June 30, 2019 Sales (40,000 Units at $12) $480,000 Less: Cost of Goods Sold Direct Materials Direct Labor Manufacturing Overhead $120,000 / 40000 = 3.0 65,600 40000 = 1.64 90.000 275,600 Gross Margin 204,400 Less: Operating expenses: Selling expenses: Variable: Sales Commissions Shipping -.96 $38,400/48000 = .08-> 8% 14,000 52,400 30400 40000 unit Fixed (Advertising, salaries) 110,000 Administrative expenses: Variable (billing, other) Fixed (salaries, other) 3,200 85,000 250,600 Net Loss $(46,200) All...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 20,000 units and 30,000 units per month. The new toy will sell for $8.00 per unit. Enough capacity exists in the company's plant to produce 25,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $4.00, and incremental fixed expenses associated with...
Oscar Clemente is the manager of Forbes Division of Pitt, Inc.,
a manufacturer of biotech products. Forbes Division, which has
$4.05 million in assets, manufactures a special testing device. At
the beginning of the current year, Forbes invested $5.12 million in
automated equipment for test machine assembly. The division’s
expected income statement at the beginning of the year was as
follows:
Sales revenue
$
16,060,000
Operating costs
Variable
2,100,000
Fixed (all cash)
7,660,000
Depreciation
New equipment
1,560,000
Other
1,330,000
Division...
Saved Help Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 20,000 units and 30,000 units per month. The new toy will sell for $10.00 per unit. Enough capacity exists in the company's plant to produce 25,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $6.00, and incremental fixed expenses...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 15,000 units and 30,000 units per month. The new toy will sell for $8.00 per unit. Enough capacity exists in the company's plant to produce 20,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $4.00, and incremental fixed expenses associated with...
Neptune Company has developed a small inflatable toy that it is anxious to introduce to its customers. The company's Marketing Department estimates that demand for the new toy will range between 15,000 units and 30,000 units per month. The new toy will sell for $8.00 per unit. Enough capacity exists in the company's plant to produce 20,000 units of the toy each month. Variable expenses to manufacture and sell one unit would be $4.00, and incremental fixed expenses associated with...
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