n Torbalı, Izmir operate sells frozen vegetable n includes restaurants
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- Amazon Beverages produces and bottles a line of soft drinks using exotic fruits from Latin America and Asia. The manufacturing process entails mixing and adding juices and coloring ingredients at the bottling plant, which is a part of Mixing Division. The finished product is packaged in a company-produced glass bottle and packed in cases of 24 bottles each. Because the appearance of the bottle heavily influences sales volume, Amazon developed a unique bottle production process at the company’s container plant, which is a part of Container Division. Mixing Division uses all of the container plant’s production. Each division (Mixing and Container) is considered a separate profit center and evaluated as such. As the new corporate controller, you are responsible for determining the proper transfer price to use for the bottles produced for Mixing Division. At your request, Container Division’s general manager asked other bottle manufacturers to quote a price for the number and sizes…Shamrock Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Shamrock's products. Pricing and cost information on three of Shamrock's most popular products are as follows. Mini-trencher Power fence hole auger Grain/hay dryer Item (a) Respond to the requirements related to the following independent revenue arrangements for Shamrock Ranch & Farm. On January 1, 2020, Shamrock sells 30 augers to Mills Farm & Fleet for $33,000. Mills signs a 6-month note at an annual interest rate of 12%. Shamrock allows Mills to return any auger that it cannot use within 60 days and receive a full refund. Based on prior experience, Shamrock estimates that 5% of units sold to customers like Mills will be returned (using the most…ABC Ranch & Farm is a distributor of ranch and farm equipment. Its products range from smalltools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Mostproducts are sold direct via its company catalogue and internet site. However, given some of itsspeciality products, select farm implement stores carry ABC’s products. Pricing and costinformation on three of ABC’s most popular products are as followsItem Standalone selling Price (Cost)Mini – trencher $3,600 ($2,000)Power fence hole auger 1,200 ($800)Grain/hay dryer 14,000 ($11,000) ABC sells three grain/hay dryers to a local farmer at a total contract price of $45,200. Inaddition to the dryers ABC provides installation which has a standalone selling price of$1,000 per unit installed. The contract payment also includes a $1,200 maintenance planfor the dryers for 3 years after installation. ABC signs the contract on June 20, 2019 andreceives a 20% down payment from the farmer. The dryers are delivered…
- ABC Ranch & Farm is a distributor of ranch and farm equipment. Its products range from smalltools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Mostproducts are sold direct via its company catalogue and internet site. However, given some of itsspeciality products, select farm implement stores carry ABC’s products. Pricing and costinformation on three of ABC’s most popular products are as followsItem Standalone selling Price (Cost)Mini – trencher $3,600 ($2,000)Power fence hole auger 1,200 ($800)Grain/hay dryer 14,000 ($11,000)a. On January 1,2019 ABC sells 40 augers to Mills Farm & Fleet for $48,000. Mills signs a6-month note at an annual interest rate of 12%. ABC allows Mills to return any auger thatit cannot use within 60 days and receive a full refund. Based on prior experience, ABCestimates that 5% of units sold to customers like Mills will be returned (using the mostlikely outcome approach). ABC’s costs to recover the products will be…Bonita Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalog and Internet site. However, given some of its specialty products, select farm implement stores carry Bonita’s products. Pricing and cost information on three of Bonita’s most popular products are as follows.Charlie's Chocolate Factory manufactures chocolate bars and ships them directly to wholesalers and retailers across the country. The company has two product lines: milk chocolate bars and chocolate covered almonds. Classify the following company's expenses if the cost object is a single product line (either milk chocolate bars or chocolate covered almonds). The cost of cocoa used in the factory. Question 11 options: A) Indirect product cost. B) Direct period cost. C) Direct product cost. D) Indirect period cost.
- Waterway Ranch & Farm is a distributor of ranch and farm equipment. Its products include small tools, power equipment for trench- digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company Internet site. However, given some of its specialty products, select farm implement stores carry Waterway's products. Pricing and cost information on three of Waterway's most popular products are as follows. Item Stand-Alone Selling Price (Cost) Mini-trencher $3,700 ($2,040) Power fence hole auger 1,224 ($816) Grain/hay dryer 14,260 ($11,220) Respond to the requirements related to the following independent revenue arrangements for Waterway Ranch & Farm. IFRS is a constraint. Waterway sells three grain/hay dryers to a local farmer at a total contract price of $45,500. In addition to the dryers, Waterway provides installation, which has a stand-alone sales value of $775 per unit installed. The contract payment also includes a $1,395 maintenance plan for the…TourneSol Canada, Ltd. is a producer of high quality sunflower oil. The company buys raw sunflower seeds directly from large agricultural companies, and refines the seeds into sunflower oil that it sells in the wholesale market. As a by-product, the company also produces sunflower mash (a paste made from the remains of crushed sunflower seeds) that it sells into the market as base product for animal feed. The company has a maximum input capacity of 150 short tons of raw sunflower seeds every day (or 54,750 short tons per year). Of course the company cannot run at full capacity every day as it is required to shut down or reduce capacity for maintenance periods every year, and it experiences the occasional mechanical problem. The facility is expected to run at 90% capacity over the year (or on average 150 x 90% = 135 short tons per day). TourneSol is planning to purchase its supply of raw sunflower seeds from three primary growers, Supplier A, Supplier B, and Supplier C. Purchase prices…Darden Restaurants, Inc. (DRI) is the largest full-service restaurant company in the world. It operates over 2,200 restaurants under a variety of brand names, including Olive Garden, Bahama Breeze, and LongHom Steakhouse. Panera Bread Company (PNRA) operates over 1,800 bakery-cafe locations across North America. It is one of the Largest fcxxl service companies in the United States. The cost of food, beverage, and packaging and the beginning and ending inventory balances from recent annual reports for Darden and Panera are as follows (in millions): a. Compute the inventory turnover for both companies. Round calculations to one decimal place.b. Compute the number of days' sales in inventory for Ixith companies. Round calculations to one decimal place.C. Which company is more efficient in managing inventory?d. What might explain the difference in the inventory management efficiency of the two companies?
- Cran Health Products is a cranberry cooperative that operates two divisions, a harvesting division and a processing division. Currently, all of harvesting’s output is converted into cranberry juice by the processing division, and the juice is sold to large beverage companies that produce cranberry juice blends. The processing division has a yield of 500 gallons of juice per 1,000 pounds of cranberries. Cost and market price data for the two divisions are as follows: Q.Compute Cran Health’s operating income from harvesting 480,000 pounds of cranberries during June 2017 and processing them into juice.ABC Ranch & Farm is a distributor of ranch and farm equipment. Its products range from small tools, power equipment for trench-digging and fencing, grain dryers, and barn winches. Most products are sold direct via its company catalogue and internet site. However, given some of its speciality products, select farm implement stores carry ABC’s products. Pricing and cost information on three of ABC’s most popular products are as follows Item Standalone selling Price (Cost) Mini - trencher $3,600 ($2,000) Power fence hole auger 1,200 ($800) Grain/hay dryer 14,000 ($11,000) Respond to the requirements related to the following independent revenue arrangements for ABC Ranch and Farm On January 1,2019 ABC sells 40 augers to Mills Farm & Fleet for $48,000. Mills signs a6-month note at an annual interest rate of 12%. ABC allows Mills to return any auger that it cannot use within 60 days and receive a full refund. Based on prior experience, ABC estimates that 5% of units…Beans Corp. is a dairy manufacturer and processes two different products that can either be sold as is or processed further. Listed below are sales and additional data per unit: Product Sales price ‘As Is’ Additional Costs if processed further Sales price if processed further Milk $4.00 $1.90 $5.25 Cream $2.75 $0.15 $3.00 Based on the above information, which product(s) should Beans Corp. decide to process further?