Homework Answers
Summary: Here first we will form an equation for profit using the information given. Then substitute the values for Project A and Project B separately in the equation to get new values for X . This data will then be used to find the expected profit from each project .
Since the expected profit from Project A is greater than
expected profit from Project B.
Thus, Project A is expected to be more profitable.
Add Answer to:
Your company is considering two products for a new market. The probability distribution for the demand...
Thompson Company is considering the development of two products: Alpha and Beta. Regardless of which product...
Thompson Company is considering the development of two products: Alpha and Beta. Regardless of which product is introduced, the anticipated selling price will be $50. Manufacturing cost information follows: Alpha $200,000 $30 Beta $300,000 Annual fixed costs Variable cost per unit $20 16. Which of the two products will be more profitable at a sales level of 20,000 units? a. Alpha b. Beta 17. Refer to the previous question. By what amount is the product (Alpha or Beta) more profitable?...
Thompson Company is considering the development of two products: Alpha and Beta. Regardless of which product...
Thompson Company is considering the development of two products:
Alpha and Beta. Regardless of which product is introduced, the
anticipated selling price will be $50.
Manufacturing cost information follows:
16.Which of the two products will be more profitable at a sales
level of 20,000 units?
a. Alpha
b. Beta
17.Refer to the previous question. By what amount is the product
(Alpha or Beta) more profitable?
18.At what volume level (i.e., number of units) will the profit for
the two products...
6) You have been hired by TAASKS Inc. as Cost Accountant. TAASKS's CFO wants you to...
6) You have been hired by TAASKS Inc. as Cost Accountant. TAASKS's CFO wants you to report the following data in three different ways in Income statements for different audiences and purposes. TAASKS Inc. Production, Inventory, Revenue and Cost Data 2017 2018 2019 Planned & Actual Production (Units) 40000 40000 40000 Finished Goods Inventory, Jan 01 0 0 10000 Finished Goods Inventory, Dec 31 0 10000 0 Sales 40000 30000 50000 Price/Unit $20 $20 S20 Direct Material/Unit $5 $5 $5...
(b) Dash Pro Sdn. Bhd. manufacturer of car dashboard has anal cost data as given below,...
(b) Dash Pro Sdn. Bhd. manufacturer of car dashboard has anal cost data as given below, Calculate the fixed cost, variable cast and the selling price for a daslıboard). ITEMS RM Raw material Direct labor Direet Expchiscs Plan manager and statt Utilities for plant Taxes and Insurance Plant and equipment Depreciation Warehouse expenses Office Utilities Engineering salaries Plant Engineering expenses Plant Administrative Staff salaries Sales staff, salaries and commissions 2150000 950000 60000 180000 70000 50000 120000 60000 10000 90000 30000...
Bacon Company makes four products in a single facility. These products have the following unit product...
Bacon Company makes four products in a single facility. These products have the following unit product costs: Products A B C D Direct materials $14.30 $10.20 $11.00 $10.60 Direct labor 19.4 27.4 33.6 40.4 Variable manufacturing overhead 4.3 2.7 2.6 3.2 Fixed manufacturing overhead 26.50 34.80 26.60 37.20 Unit product cost $64.50 $75.10 $73.80 $91.40 Additional data concerning these products are listed below. Products A B C D Grinding minutes per unit 3.8 5.3 4.3 3.4 Selling price per unit...
A company has established that the relationship between the sales price for one of its products...
A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p = 75-0.2D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $800 per month and the variable cost is $20 per unit produced. a. What is the maximum profit per month for this product? b. What is the range of profitable demand during a...
Colt Company owns a machine that can produce two specialized products. Production time for Product TLX...
Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is two units per hour and for Product MTV is five units per hour. The machine's capacity is 2,750 hours per year. Both products are sold to a single customer whe has agreed to buy all of the company's output up to a maximum of 4,700 units of Product TLX and 2,500 units of Product MTV. Selling prices and variable costs per unit to...
Please provide explanation. Thank you Selection of Most Profitable Product TEB produces two products with the...
Please provide explanation.
Thank you
Selection of Most Profitable Product TEB produces two products with the per unit information given in the table below. Due to shortage of finishing time, TEB cannot produce the market demand of either product (i.e., TEB can sell as much ABC or XYZ as it can produce with the available finishing time). Indicate which product that will produce the most profit. Product per Unit Amounts Product per Unit Amounts ABC Product XYZ Sales price Variable...
High Country, Inc., produces and sells many recreational products. The company has just opened a new...
High Country, Inc., produces and sells many recreational
products. The company has just opened a new plant to produce a
folding camp cot that will be marketed throughout the United
States. The following cost and revenue data relate to May, the
first month of the plant’s operation:
46.000 41,000 $85 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed per month Manufacturing costs: Direct materials cost per unit Direct labor cost...
Colt Company owns a machine that can produce two specialized products. Production time for Product TLX...
Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour and for Product MTV is four units per hour. The machine's capacity is 2.100 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 3,570 units of Product TLX and 4130 units of Product MTV. Selling prices and variable costs per unit to...
Thompson Company is considering the development of two products: Alpha and Beta. Regardless of which product is introduced, the anticipated selling price will be $50. Manufacturing cost information follows: Alpha $200,000 $30 Beta $300,000 Annual fixed costs Variable cost per unit $20 16. Which of the two products will be more profitable at a sales level of 20,000 units? a. Alpha b. Beta 17. Refer to the previous question. By what amount is the product (Alpha or Beta) more profitable?...
Thompson Company is considering the development of two products:
Alpha and Beta. Regardless of which product is introduced, the
anticipated selling price will be $50.
Manufacturing cost information follows:
16.Which of the two products will be more profitable at a sales
level of 20,000 units?
a. Alpha
b. Beta
17.Refer to the previous question. By what amount is the product
(Alpha or Beta) more profitable?
18.At what volume level (i.e., number of units) will the profit for
the two products...
6) You have been hired by TAASKS Inc. as Cost Accountant. TAASKS's CFO wants you to report the following data in three different ways in Income statements for different audiences and purposes. TAASKS Inc. Production, Inventory, Revenue and Cost Data 2017 2018 2019 Planned & Actual Production (Units) 40000 40000 40000 Finished Goods Inventory, Jan 01 0 0 10000 Finished Goods Inventory, Dec 31 0 10000 0 Sales 40000 30000 50000 Price/Unit $20 $20 S20 Direct Material/Unit $5 $5 $5...
(b) Dash Pro Sdn. Bhd. manufacturer of car dashboard has anal cost data as given below, Calculate the fixed cost, variable cast and the selling price for a daslıboard). ITEMS RM Raw material Direct labor Direet Expchiscs Plan manager and statt Utilities for plant Taxes and Insurance Plant and equipment Depreciation Warehouse expenses Office Utilities Engineering salaries Plant Engineering expenses Plant Administrative Staff salaries Sales staff, salaries and commissions 2150000 950000 60000 180000 70000 50000 120000 60000 10000 90000 30000...
A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p = 75-0.2D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $800 per month and the variable cost is $20 per unit produced. a. What is the maximum profit per month for this product? b. What is the range of profitable demand during a...
Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is two units per hour and for Product MTV is five units per hour. The machine's capacity is 2,750 hours per year. Both products are sold to a single customer whe has agreed to buy all of the company's output up to a maximum of 4,700 units of Product TLX and 2,500 units of Product MTV. Selling prices and variable costs per unit to...
Please provide explanation.
Thank you
Selection of Most Profitable Product TEB produces two products with the per unit information given in the table below. Due to shortage of finishing time, TEB cannot produce the market demand of either product (i.e., TEB can sell as much ABC or XYZ as it can produce with the available finishing time). Indicate which product that will produce the most profit. Product per Unit Amounts Product per Unit Amounts ABC Product XYZ Sales price Variable...
High Country, Inc., produces and sells many recreational
products. The company has just opened a new plant to produce a
folding camp cot that will be marketed throughout the United
States. The following cost and revenue data relate to May, the
first month of the plant’s operation:
46.000 41,000 $85 Beginning inventory Units produced Units sold Selling price per unit Selling and administrative expenses: Variable per unit Fixed per month Manufacturing costs: Direct materials cost per unit Direct labor cost...
Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour and for Product MTV is four units per hour. The machine's capacity is 2.100 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 3,570 units of Product TLX and 4130 units of Product MTV. Selling prices and variable costs per unit to...
Most questions answered within 3 hours.
-
1. Review the Nike’s marketing strategy. You must include the
company’s target market, possible market segmentation,...
asked 4 minutes ago -
One of the major advantages of ______________ is to enhance
security for private networks by keeping...
asked 10 minutes ago -
Book:
Title: Framework for
Marketing Management, 15th edition
Author/s: Philip T.
Kotler, Kevin Lane Keller
1....
asked 18 minutes ago -
Given Uber’s recent corporate turbulence and ongoing
initiatives, provide a holistic situational analysis of the
environment...
asked 22 minutes ago -
A sculptor has hung up a 42.0 kg horizontal rod of length 4.80 m
. One...
asked 25 minutes ago -
What is the purpose of the 2' hydroxyl group in RNA? What is
the reason this...
asked 43 minutes ago -
You currently have 20,000X ethidium bromide. You want to make
250 mL of 1X ethidium bromide...
asked 56 minutes ago -
What mass of lead is needed to absorb 348 J of heat if the temp
of...
asked 59 minutes ago -
Explain the difference between an auction with reserve
and an auction without reserve. if not specified,...
asked 1 hour ago -
Write the net ionic equation for the precipitation reaction that
occurs when aqueous solutions of aluminum...
asked 1 hour ago -
How do we find the slope distance, given the horizontal distance
and the zenith angle?
For...
asked 1 hour ago -
The table to the right lists probabilities for the corresponding
numbers of girls in three births....
asked 1 hour ago