2. Supplier sells company B raw materials at $ 10/unit for the first 500 units, $...
2. Supplier sells company B raw materials at $ 10/unit for the first 500 units, $ 9/unit for the second 500 units and at $8.5/unit for more than 1000 units. Which type of cost behavior you have in this case? Explain with graphical representation.
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2. Supplier sells company B raw materials at $ 10/unit for the
first 500 units, $...
Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials...
Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials were purchased on account at $6.50 per unit. 2. Mar. 15: 400 units of raw materials were requisitioned at $7.00 per unit for production, Job 872. 3. Mar. 25: 300 units of raw materials were requisitioned at $6.50 per unit for production, Job 879. If an amount box does not require an entry, leave it blank. Mar. 10 Mar. 15 Mar. 25 The cost...
Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials...
Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 400 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 300 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 March 25
b) The quarterly demand for an item of raw materials is estimated at 2,000 units at...
b) The quarterly demand for an item of raw materials is estimated at 2,000 units at a purchase price of GH¢180 per unit. It is estimated that the cost per order will be GH¢270 and the cost of holding a unit of material in inventory will be GH¢24. Required: i. Compute the optimal order quantity, and total minimum costs. [5 marks] ii. Suppose a supplier offers 5% quantity discount for purchase of 8,000 units, should the offer be accepted [4...
(b) Easecom Company manufactures and sells two products: Thingone and Thingtwo. The company is now planning the raw mat...
(b) Easecom Company manufactures and sells two products: Thingone and Thingtwo. The company is now planning the raw material requirements of the two products for 2019. To produce the two products the following raw material is required: Direct material Cost per kg Amount used per unit Thingone Thingtwo 5 kilograms 2 kilograms 3 kilograms $8.2 per kilogram $7.5 per kilogram B To keep production smooth, the company has the following inventory requirements: The finished goods inventories (in units): Finished goods...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has forecast production for the next three months as follows: July 5,000 units, August 6,000 units, September 3,500 units. Monthly manufacturing overhead is budgeted to be $20,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company is projecting sales of 1,000 units for the month of March....
Based on past experience, Leickner Company expects to purchase raw materials from a foreign supplier at...
Based on past experience, Leickner Company expects to purchase raw materials from a foreign supplier at a cost of 1,200,000 marks on March 15, 2018. To hedge this forecasted transaction, the company acquires a three-month call option to purchase 1,200,000 marks on December 15, 2017. Leickner selects a strike price of $0.82 per mark, paying a premium of $0.001 per unit, when the spot rate is $0.82. The spot rate increases to $0.827 at December 31, 2017, causing the fair...
Need to Find the Add: Desired units of ending raw materials inventory & Less: Units of...
Need to Find the Add: Desired units of ending raw materials
inventory & Less: Units of beginning raw materials
inventory
Three grams of musk oil are
required for each bottle of Mink Caress, a very popular perfume
made by a small company in western Siberia. The cost of the musk
oil is $2.10 per gram. Budgeted production of Mink Caress is given
below by quarters for Year 2 and for the first quarter of Year
3:
Musk oil has become...
10. A bakery sells rolls in units of a dozen. The demand X (in 1000 units)...
10. A bakery sells rolls in units of a dozen. The demand X (in 1000 units) for rolls has a gamma distribution with parameters a = 3,0 = 0.5, where 0 is in units of days per 1000 units of rolls. It costs $2 to make a unit that sells for $5 on the first day when the rolls are fresh. Any leftover units are sold on the second day for $1. If w denotes the number of units to...
Suppose that a company offers quantity discounts. If up to 1000 units are purchased, the unit...
Suppose that a company offers quantity discounts. If up to 1000
units are purchased, the unit price is $10; if more than 1000 and
up to 5000 units are purchased, the unit price is $9; and if more
than 5000 units are purchased, the unit price is $7.50. Develop a
spreadsheet using the VLOOKUP function to find the unit price
associated with any or-der quantity and compute the total cost of
the order.
S&S No. 106 INVOICE Customer G. Kite...
A company makes four products: Product A sells for $50 but needs $10 of materials; Product...
A company makes four products: Product A sells for $50 but needs $10 of materials; Product B sells for $75 but needs $30 of materials; Product C sells for $100 but needs $50 of materials; Product D sells for $150 but needs $75 of materials. The labor cost is $15/hr. The processing requirements for each product on each of the four machines are shown in the table. Table 6 Work Center Processing Time (min/unit) A B C D W 3...
Journalize the entries to record the following transactions: 1. Mar. 10: 500 units of raw materials were purchased on account at $6.50 per unit. 2. Mar. 15: 400 units of raw materials were requisitioned at $7.00 per unit for production, Job 872. 3. Mar. 25: 300 units of raw materials were requisitioned at $6.50 per unit for production, Job 879. If an amount box does not require an entry, leave it blank. Mar. 10 Mar. 15 Mar. 25 The cost...
Record the journal entries for the following transactions: 1. March 10: 500 units of raw materials were purchased on account at $5.50 per unit. 2. March 15: 400 units of raw materials were requisitioned at $6.00 per unit for production, Job 872. 3. March 25: 300 units of raw materials were requisitioned at $5.50 per unit for production, Job 879. March 10 March 15 March 25
(b) Easecom Company manufactures and sells two products: Thingone and Thingtwo. The company is now planning the raw material requirements of the two products for 2019. To produce the two products the following raw material is required: Direct material Cost per kg Amount used per unit Thingone Thingtwo 5 kilograms 2 kilograms 3 kilograms $8.2 per kilogram $7.5 per kilogram B To keep production smooth, the company has the following inventory requirements: The finished goods inventories (in units): Finished goods...
Based on past experience, Leickner Company expects to purchase raw materials from a foreign supplier at a cost of 1,200,000 marks on March 15, 2018. To hedge this forecasted transaction, the company acquires a three-month call option to purchase 1,200,000 marks on December 15, 2017. Leickner selects a strike price of $0.82 per mark, paying a premium of $0.001 per unit, when the spot rate is $0.82. The spot rate increases to $0.827 at December 31, 2017, causing the fair...
Need to Find the Add: Desired units of ending raw materials
inventory & Less: Units of beginning raw materials
inventory
Three grams of musk oil are
required for each bottle of Mink Caress, a very popular perfume
made by a small company in western Siberia. The cost of the musk
oil is $2.10 per gram. Budgeted production of Mink Caress is given
below by quarters for Year 2 and for the first quarter of Year
3:
Musk oil has become...
10. A bakery sells rolls in units of a dozen. The demand X (in 1000 units) for rolls has a gamma distribution with parameters a = 3,0 = 0.5, where 0 is in units of days per 1000 units of rolls. It costs $2 to make a unit that sells for $5 on the first day when the rolls are fresh. Any leftover units are sold on the second day for $1. If w denotes the number of units to...
Suppose that a company offers quantity discounts. If up to 1000
units are purchased, the unit price is $10; if more than 1000 and
up to 5000 units are purchased, the unit price is $9; and if more
than 5000 units are purchased, the unit price is $7.50. Develop a
spreadsheet using the VLOOKUP function to find the unit price
associated with any or-der quantity and compute the total cost of
the order.
S&S No. 106 INVOICE Customer G. Kite...
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