Assume the following costs in each of the categories identified in question one are: Packaged (Cans & Bottles) $133,764 Kegs $69,397 $42,000 $9,000 Shrinkage/WIP Loss Contract Labor Direct Labor Freight Consumer Advertising Trade Promotion Sales Promotion Salaries & Benefits What is Shannon's cost of goods sold? I $240,000 $18,000 $30,000 $30,000 $18,000 $180,000

Assume the following costs in each of the categories identified in question one are: Packaged (Cans & Bottles) $133,764 Kegs $69,397 $42,000 $9,000 Shrinkage/WIP Loss Contract Labor Direct Labor Freight Consumer Advertising Trade Promotion Sales Promotion Salaries & Benefits What is Shannon's cost of goods sold? I $240,000 $18,000 $30,000 $30,000 $18,000 $180,000

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter27: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 18E: Cost of quality and value-added/non-value-added reports for a service company A. Using the...

See similar textbooks

Similar questions

Assume the following information for a merchandising company: Number of units sold 20,000Selling price per unit $ 30Variable selling expense per unit $ 3.6Variable administrative expense per unit $ 2.6Fixed administrative expenses $ 50,000Beginning merchandise inventory $ 24,000Ending merchandise inventory $ 19,000Merchandise purchases $ 340,000 What is the contribution margin?
Hex Industries reports the following information for May: Sales Fixed cost of goods sold Variable cost of goods sold Fixed selling and administrative costs Variable selling and administrative costs Calculate the gross profit for May under absorption costing. Multiple Choice O $658,000 $331,000 $535,000 O $556,000 $ 910,000 102,000 252,000 102,000 127,000
Marketing Promotions Marketing salaries 1,50,000 2,50,000 Distribution Cost 1,75,000 Customer service costs 2,50,000 Requirement: Prepare Schedule of cost of goods manufactured and Income Statement.
G http Chapter Review My... Sales price Contribution margin ratio Fixed costs Tra.. Vernon Company reported the following data regarding the product it sells: a. Break-even point in dollars a. Break-even point in units b. Sales in dollars b. Sales in units c. Break-even point in dollars c. Break-even point in units $60 Man... $ 10% $216,000 M Questio... Required Use the contribution margin ratio approach and consider each requirement separately. b Ans... 2,160,000 36,000 Bes... Saved a. What is the break-even point in dollars? In units? b. To obtain a profit of $54,000, what must the sales be in dollars? In units? c. If the sales price increases to $72 and variable costs do not change, what is the new break-even point in dollars? In units? US fron.
Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) Less cost of goods sold ($56 per unit) Gross margin Less operating costs: Commissions expense $7 per unit) $ 6.090 Salaries expense Advertising expense Shipping expense ($2 per unit. Operating income 7.800 6.000 $ A S 87.000 48,720 AREN 38,280 21.630 16.650
Problem: AAA Company produces and sells Product X: Annual Demand 24,000 units Annual cost to held one unit of inventory P11.52 Order Cost P38.40 Beg. Inventory P 0 a. What is the Economic Order Quantity? b. How much is the total Order Costs? c. How much is the total Carrying Costs?
content/qualsims/accounting/cost_volume_profit/v2/player/#/891e73d6eefafa67438268e177eaa497_qualsimsaccountingcost_volume_profitmiller_nobles_mattis 75 Tumblers Sora per month Sales Revenue Less: Variable Expenses Contribution Margin Less: Fixed Expenses Operating Income Total Per Unit $ 2,250 $ 30 1,350 18 $ 900 $ 12 250 $ 650 In order to determine how much contribution margin is earned for each $1 of sales, what is the contribution margin ratio on your tumbler sales? Round to the nearest whole number. Select an option from the choices below and click Submit. ○ 29% ○ 40% ○ 250% Submit
M MISLANG MANAGEMENT CONSULTANCY SERVICES "Your SECs Is My Existarnce 1,260,000 900,000 360,000 D. Net Sales Cost of goods sold Gross Profit 1. If the given data is Gross profit based on cost of 40%. What is the cost ratio? 2. If the given data is Gross profit based on sales of 40% What is the sales ratio? meetgoogie com sarg youreen St shering Hie ET a t Dee D Mt y nE
Relevant-cost approach to short-run pricing decisionsAlexon SL is an electronics business with eight product lines. Profit data for one of the products (XT-107) for themonth just ended (June 2018) are as follows:Sales, 200 000 units at average price of €100Variable costsDirect materials at €35 per unitDirect manufacturing labor at €10 per unit€7 000 0002 000 000€20 000 000Variable manufacturing overhead at €5 per unit 1 000 000Sales commissions at 15% of sales 3 000 000Other variable costs at €5 per unitTotal variable costs 1 000 000 14 000 000Contribution margin 6 000 000Fixed costsOperating profit5 000 000€1 000 000Xuclà Mecàniques Fluvià SA, an instruments company, has a problem with its preferred supplierof XT-107 component products. This supplier has had a three-week strike and will not be able tosupply Xuclà 3000 units next month. Xuclà approaches the sales representative of Alexon SL,Angela Zamora, about providing 3000 units of XT-107 at a price of €80 per unit. Zamorainforms…
ngageNOWv2 | Online teachin X + com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A ★ Income Statement for a Manufacturing Company Two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. $60,000 $19,800 Finished goods inventory, June 1 Cost of goods manufactured (e) 69,300 270,000 (c) 516 (a) $188,100 $108,900 Cost of finished goods available for sale Finished goods inventory, June 30 Cost of goods sold 64,000 39,500 (f) (b) (d) $100,200 a. $ 8:27, D 5/2/20 b. C. d. e. f. $ Ś $ $ -- OL i ال اے الكل L 9
QUESTION 2 REQUIRED Use the information given below to prepare the Income statement of Kendall Manufacturers for October 2023 using the following methods: 2.1 Marginal costing 2.2 Absorption costing. INFORMATION The following information was provided by Kendall Manufacturers for the only product produced during October 2023: Opening inventory Number of units manufactured Sales Selling price per unit Variable manufacturing costs per unit Fixed manufacturing overhead cost Variable selling cost per unit Fixed selling cost Fixed administrative cost Nil 5 000 R4 200 000 R1 000 R425 R325 000 R80 R175 000 R200 000
Find expressions for the Revenue, Cost, and Profit from selling x thousand items. 2) Item Price Fixed Cost Variable Cost $3.00 $31,471 3775x