Determine the maintained markup percent for the suit department that has the following planned figures: Employee discounts of 8%, Shortages of 2%, markdowns of $6000, Initial markup of 48% and Net sales of $300,000.
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Determine the maintained markup percent for the suit department that has the following planned figures: Employee discounts of 8%, Shortages of 2%, markdowns of $6000, Initial markup of 48% and Net sales of $300,000.
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- The cost data for BC Billing Solutions for the year 2020 is as follows: Using the high-low method, express the companys overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800. Predict the overtime wages if 9,000 invoices are processed. Predict the overtime wages if 6,500 invoices are processed. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and overtime wage expense.The cost data for BC Billing Solutions for the year 2020 is as follows: A. Using the high-low method, express the company’s overtime wages as an equation wherexrepresents number of invoices processed. Assume BC has monthly fixed costs of $3,800. B. Predict the overtime wages if 9,000 invoices are processed. D. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and overtime wage expense.The following were the data obtained by the manager for the first 3 quarters for 2020: Maintenance Machine Quarter Costs Hours 1st quarter 1,520,000 50,000 2nd quarter 1,718,300 62,000 3rd quarter 1,526,000 46,000 How much is the expected maintenance costs for November 2020, if the expected machine hours is 33,000?
- The production planner of a company forecasts the sales over the next six months as 180, 220 , 210, 190, 170, and 210 units, respectively. The beginning inventory is 100 units and the last monthly production level was 130 units. The unit costs are given as follows: Inventory holding cost is 90 TL per unit per month; production cost is 1150 TL per unit; production level increasing cost is 300 TL per unit; and production level decreasing cost is 400 TL per unit. The planner decides to use level strategy, where the monthly production level is determined equal to the average of net demand. What is the total cost (in TL) of the resulting plan? O a 1,246,350 O b. 1,347,450 O c. 1,412,850 O d. 1,391,100 O e. 1,278,600In preparation for a new season, a buyer determined a 58% initial markup was required for total purchases for the season in order to meet her gross margin goal of 50%. Her total budget for purchases was $1,923,000 at retail. Upon completion of purchase orders with all vendors, the buyer reviewed all purchases, which amounted to $807,660 at billed cost. At the end of the season, a vendor analysis was conducted to evaluate the purchase versus sales performance of each vendor's merchandise. The analysis revealed the purchase and sales results shown below: Original Retail $87,000 102,000 94,000 98,000 179,000 162,000 235,000 250,000 130,000 187,000 201,000 198,000 1,923,000 Vendor Billed Cost Net Sales Vendor A $86,270 $38,520 43,270 41,270 42,230 74,200 98,420 77,720 81,660 155,750 149,940 199,870 203,800 108,990 137,780 170,980 181,850 1,653,030 Vendor B Vendor C Vendor D Vendor E 68,030 96,990 101,280 52,270 75,320 83,260 91,020 807,660 Vendor F Vendor G Vendor H Vendor I Vendor J…The planned initial markup in a department, as indicated on the merchandise plan, is 42.5%. The planned sales for the month of July are $38,000 with markdowns of 5.5%. The merchandise plan also indicates that the planned BOM stock for the month is $36,700 and the planned EOM stock is $37,500. As of July 1 the buyer has merchandise on order of $12,000 at retail to be delivered during the month. Calculate the buyer’s OTB at retail as of July 1. a. $28,090.00 b. $28,890.00 c. $48,700.00 d. $16,611.75 e. $16,151.75
- For the inventory and workforce planning problem, confirm that the optimal plan using a level strategy without any additional hires or layoffs. has a minimum cost of $2,210,000, with a total overtime equivalent to 50 regular work days at a cost of $210,000. By how much will this cost increase if the overtime premium is raised from 50% to 100%?Two products A and B are manufactured in a department. Sales for the year 2020 were planned as follows: Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 8000 10000 11000 14000 6000 8000 7500 5500 Selling prices in Quarter 1 were estimated as OMR 20 per unit for A and OMR 30 for B respectively. Average sales return are 5% of Sales. According to these estimates, which of the following is estimated Sales (OMR) in Quarter 3 for Product A?Two products A and B are manufactured in a department. Sales for the year 2020 were planned as follows: Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 8000 10000 11000 14000 B 6000 8000 7500 5500 Selling prices in Quarter 1 were estimated as OMR 20 per unit for A and OMR 30 for B respectively. Average sales return are 5% of Sales . According to these estimates, which of the following is estimated Sales (OMR) in Quarter 3 for Product A? Select one: O a. 185600 O b. 254050 O c. The correct answer not available O d. 209000 e. 219600
- 5.An account executive receives a base salary plus a commission. On $30,000 in monthly sales, an account executive would receive compensation of $3100. On $50,000 in monthly sales, an account executive would receive compensation of $4300. Determine a linear function that yields the compensation y of a sales executive for a given amount of monthly sales x(. )? Use this model to determine the compensation of an account executive who has $85,000 in monthly sales. $ ? 6.A manufacturer of graphing calculators has determined that 8,000 calculators per week will be sold at a price of $85 per calculator. At a price of $80, it is estimated that 12,000 calculators will be sold. Determine a linear function that predicts the number of calculators that will be sold per week at a price of x dollars.y = Use this model to predict the number of calculators that will be sold at a price of $75.(. )?calculators3) A shoe retailer plans, for the period, net sales of $3,000,000 with a 20% profit and 25% operating expenses. The anticipated markdowns are 15%, along with sales discounts at 2% and shortages of 3%. Cash discounts to be earned are estimated at 5%, and alterations are 1% of net sales. What initial markup % is needed for this retailer's merchandise to achieve the desired profit goal?For the Spring season, a department has planned: Sales at $2,500,000 Markdowns at 32.5% Shortages at 1.8% Employee discounts 5.5% The department had an opening inventory at retail of $580,000 and a CMU % for the period of 58.5%. Closing inventory of $500,000 at retail is planned for the end of Spring period. Planned Spring gross margin of 47.5%. Calculate the cumulative markup for TMH, and The markup for new purchase