The Mitchell Chemical Company produces a special industrial chemical that is a blend of three chemical...
The Mitchell Chemical Company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. Cost per Pound ($) Ingredient Beginning Ending Quality (pounds) per 100 Pounds of product A 2.50 3.95 25 B 8.75 9.90 15 C .99 .95 60
A. Compute the price relatives for the three ingredients.
B. Compute a weighted average of the price relatives to develop a one year cost index for raw materials used in the product. What is your interpretation of this index value?
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The Mitchell Chemical Company produces a special industrial
chemical that is a blend of three chemical...
A chemical company produces a special industrial chemical that is a blend of three chemical ingre...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound (S) Quantity (pounds) per 100 Pounds of Product Ingredient Beginning Ending 2.50 3.45 25 9.90 8.75 0.99 0.95 70 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients....
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Ingredient Beginning Ending Quantity (pounds) per 100 Pounds of Product A 2.50 3.95 25 B 8.75 9.90 10 C 0.99 0.90 50 (a) Compute the price relatives for the three ingredients. Item Price Relative A B C (b)...
A chemical company produces a special industrial chemical that is a blend of three chemical ingre...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Quantity (pounds) Ingredient Beginning Ending per 100 Pounds of Product 25 15 50 1.50 8.75 9.90 0.99 0.95 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients....
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Ingredient Beginning Ending Quantity (pounds) per 100 Pounds of Product A 2.50 3.45 25 B 8.75 9.90 15 с 0.99 0.90 50 (a) Compute the price relatives for the three ingredients. Item Price Relative B с (b) Compute...
1. The Whitewave dairy company produces three cheese spreads- Regular, Zesty and Superior. The cheese spreads...
1. The Whitewave dairy company produces three cheese spreads- Regular, Zesty and Superior. The cheese spreads are packaged in 4 pound containers, which are then sold to distributors throughout the Northeast. The Regular blend must have at least 5% extra sharp cheddar, the Zesty blend must contain at least 24% extra sharp cheddar and the Superior blend must contain at least 30% extra sharp cheddar. The company has orders for 3500 containers of Regular, 4500 containers of Zesty and 1000...
the Baking Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the...
the Baking Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the Mixing Department, liquid and dry chemicals are blended to form slurry. Output is measured in gallons. Department, the slurry is subjected to high heat, and the residue appears in irregular lumps. Output is measured in pounds. In the Grinding Department, the irregular lumps are ground into a powder, and this powder is placed in 50-pound bags. Output measured in bags produced. n April, the...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared usin...
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 2.30 ounces $ 17.00 per ounce $ 39.10 Direct labor 0.60 hours $ 13.00 per hour 7.80 Variable manufacturing overhead 0.60 hours $ 2.50 per hour 1.50 Total standard cost per unit $ 48.40...
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of...
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4 pounds of the material, S5 uses 3 pounds of the material, and G9 uses 6 pounds of the material. Demand for all products is strong, but only 50,000 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 G91 S5 Selling price Variable costs $160 $112 $210...
I need help with this question Childress Company produces three products, K1, S5, and G9. Each...
I need help with this question
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.3 pounds of the material, S5 uses 24 pounds of the material, and G9 uses 5.8 pounds of the material. Demand for all products is strong, but only 49.000 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows Selling price $162.80 Variable...
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of...
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. Kl uses 3.1 pounds of the material, S5 uses 2.4 pounds of the material, and G9 uses 6.7 pounds of the material. Demand for all products is strong, but only 41,000 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 Selling price $144.74 Variable 97.00 costs SS $98.84 77.00...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound (S) Quantity (pounds) per 100 Pounds of Product Ingredient Beginning Ending 2.50 3.45 25 9.90 8.75 0.99 0.95 70 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Quantity (pounds) Ingredient Beginning Ending per 100 Pounds of Product 25 15 50 1.50 8.75 9.90 0.99 0.95 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Ingredient Beginning Ending Quantity (pounds) per 100 Pounds of Product A 2.50 3.45 25 B 8.75 9.90 15 с 0.99 0.90 50 (a) Compute the price relatives for the three ingredients. Item Price Relative B с (b) Compute...
the Baking Grayson Company produces an industrial chemical used for cleaning and lubricating machinery. In the Mixing Department, liquid and dry chemicals are blended to form slurry. Output is measured in gallons. Department, the slurry is subjected to high heat, and the residue appears in irregular lumps. Output is measured in pounds. In the Grinding Department, the irregular lumps are ground into a powder, and this powder is placed in 50-pound bags. Output measured in bags produced. n April, the...
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4 pounds of the material, S5 uses 3 pounds of the material, and G9 uses 6 pounds of the material. Demand for all products is strong, but only 50,000 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 G91 S5 Selling price Variable costs $160 $112 $210...
I need help with this question
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.3 pounds of the material, S5 uses 24 pounds of the material, and G9 uses 5.8 pounds of the material. Demand for all products is strong, but only 49.000 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows Selling price $162.80 Variable...
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. Kl uses 3.1 pounds of the material, S5 uses 2.4 pounds of the material, and G9 uses 6.7 pounds of the material. Demand for all products is strong, but only 41,000 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. K1 Selling price $144.74 Variable 97.00 costs SS $98.84 77.00...
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