The following information is from Darden Restaurants Annual Report. Use the information presented in this table to fill in the blanks for Total Sales Dollars, Sales Mix Percentage. Total Number of Restaurants and Restaurant Unit Mix Percentage. Round answers to the nearest 10th percent, ie. 10.1%. Red Lobster Sales Dollars $2,430,000,000 Sales Mix Percentage [ Select] No. of Restaurant Unit Mix Restaurants Percentage V673 [Select]

The following information is from Darden Restaurants Annual Report. Use the information presented in this table to fill in the blanks for Total Sales Dollars, Sales Mix Percentage. Total Number of Restaurants and Restaurant Unit Mix Percentage. Round answers to the nearest 10th percent, ie. 10.1%. Red Lobster Sales Dollars $2,430,000,000 Sales Mix Percentage [ Select] No. of Restaurant Unit Mix Restaurants Percentage V673 [Select]

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Summary Data for April Support Department Support Departments Production Departments Information Research and Technology Travel Service Analysis Audit Tax Consulting Total IT: Number of employees TS: Number of trips 9 5 15 120 150 110 409 15 12 10 120 160 520 837 RA: Number of requests Costs to Allocate 15 10 4 125 120 280 554 $ 810,000.00 $125,000.00 $1,280,000.00 $ $ $ $2,215,000.00 Question Answer 1. Which of the following is the closest approximation of the sales forecast's upper confidence bound for the 1/1/2028 quarter? 2. Based on the graph and the breadth of the confidence intervals, which seems easier to predict, sales or income before extraordinary items? 3. What is the sales forecast's upper confidence bound for the 10/1/2027 quarter? 4. What is the forecast lower confidence bound for the 4/1/2027 quarter? 5. What is the forecast for income before extraordinary items for Nintendo for the quarter starting 10/1/2027?
Mark up cost structure example with example of Margin cost structure Sales 125% Sales 100%CoS (100%) CoS (75%)Gross Profit 25%. Gross Profit 25% On 1st Sept 2021, a business had inventory of $380,000. During the month, sales totalled $650,000 and purchases $480,000. On 30th Sept 2020 a fire destroyed some of the inventory. The undamaged goods in inventory were valued at $220,000. The business operates with a standard gross profit margin of 25%. a) Based on this information, what is the cost of the inventory destroyed in the fire?
MSRP $5.39 $4.99 Volume Discount 35% 35% Unit Cost $1.49 $1.49 Promotional Allowance 15% 20% Advertising and Promotion $25 Million $20 Million Allocated Fixed Costs $68 M $12 M Projected Unit Sales 115M 10M A firm has an existing product with a combined advertising and promotion budget of $25.0 million and with projected sales of 115 million units. They are launching a new product with a budget of $20.0 million and estimated sales of 10 million units in the first year. The sales force expense of $10 million has been allocated equally between products; 90% of the plant overhead has been allocated to the existing product, and 10%, to the new product. Additional values for each product are shown in the table above. 1. Production anticipates it will need to increase capacity to 140 million units, adding $10.0 million to annual fixed costs. If the product allocation of the plant cost is also changed to 80%/20%, what is the impact on break-even units? Please use the chart…
Activity-Based-Costing Last month operating results: A $000 B $000 C $000 Total $000 Sales 250.00 470.00 620.00 1,340.00 Direct costs: Cost of goods sold 200.00 329.00 527.00 1,056.00 Indirect costs: SG &A (20% of DC) 40.00 65.80 105.40 211.20 Operating Profit/(Loss) 10.00 75.20 (12.40) 72.80 Revised Operating profit A $000 B $000 C $000 Total $000 Sales 250.00 470.00 620.00 1,340.00 Direct cost: Cost of good sold 200.00 329.00 527.00 1,056.00 Indirect costs: Shelf space costs 22.50 31.50 36.00 90.00 Handling costs 0 15.00 5.00 20.00 Coupon 3.00 0 12.00 15.00 Shrinkage 1.00 21.00 6.00 28.00 Other indirect costs 11.02 18.14 29.04 58.20 Total costs 237.52 414.64 615.04 1,267.20 Operating profits (Sales-total cost) (250.00-237.52) 12.48 (470.00-414.64) 55.36 (620.00-615.04)…
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
Problem 10-50: Comprehensive Profit Plan Background Spring Manufacturing Company makes two components identified as C12 and D57. Selected budgetary data for 2016 follow: Finished Components C12 D57 Requirements for each finished component: RM1 10 pounds 8 RM2 0 4 RM3 2 pounds 1 Direct labor 2 hours 3 Product information: Sales price $150 $220 Sales units 12,000 9,000 Estimated beginning inventory (units) 400 150 Desired ending inventory (units) 300 200 Direct Materials Information RM1 RM2 RM3 Cost per pound $2.00 $2.50 $0.50 Estimated beginning inventory in pounds 3,000 1,500 1,000 Desired ending inventory in pounds…
Problem 10-50: Comprehensive Profit Plan Background Spring Manufacturing Company makes two components identified as C12 and D57. Selected budgetary data for 2016 follow: Finished Components C12 D57 Requirements for each finished component: RM1 10 pounds 8 RM2 0 4 RM3 2 pounds 1 Direct labor 2 hours 3 Product information: Sales price $150 $220 Sales units 12,000 9,000 Estimated beginning inventory (units) 400 150 Desired ending inventory (units) 300 200 Direct Materials Information RM1 RM2 RM3 Cost per pound $2.00 $2.50 $0.50 Estimated beginning inventory in pounds 3,000 1,500 1,000 Desired ending inventory in pounds 4,000 1,000 1,500…
Mark up cost structure example with example of Margin cost structure Sales 125% Sales 100%CoS (100%) CoS (75%)Gross Profit 25%. Gross Profit 25% 1. Goldcrest Co made sales of $193,200 during the year ended 31st March 2022. Inventory decreased by $13,200 over the year and all sales were made at a mark-up of 42%. What was the cost of purchases during the year, to the nearest $100?
Problem 10-50: Comprehensive Profit Plan Background Spring Manufacturing Company makes two components identified as C12 and D57. Selected budgetary data for 2016 follow: Finished Components C12 D57 Requirements for each finished component: RM1 10 pounds 8 RM2 0 4 RM3 2 pounds 1 Direct labor 2 hours 3 Product information: Sales price $150 $220 Sales units 12,000 9,000 Estimated beginning inventory (units) 400 150 Desired ending inventory (units) 300 200 Direct Materials Information RM1 RM2 RM3 Cost per pound $2.00 $2.50 $0.50 Estimated beginning inventory in pounds 3,000 1,500 1,000 Desired ending inventory in pounds…
Mark up cost structure example with example of Margin cost structure Sales 125% Sales 100%CoS (100%) CoS (75%)Gross Profit 25%. Gross Profit 25% The draft accounts of Astel Co. for the year ended 31st Jan 2020 include the following: Revenue $80,000 Gross profit $20,000It was subsequently discovered that revenue had been understated by $10,000 and closing inventory overstated by $5,000. 1. After correction of these errors the gross profit percentage margin will be (to 1 d.p.)?
Quarter 1 Quarter 2 Sales $248,470 $251,539 Direct material purchases 120,295 128,832 Direct labor 76,553 74,289 Manufacturing overhead 26,000 24,400 Selling and administration expenses 33,500 33,500 Depreciation included in selling and administration expenses 2,000 2,500 Collection from customers 230,524 220,116 Cash payments for purchases 114,345 118,346 Relevant data from Picta Company’s operating budgets are presented below. The company’s financial year ends on 30 June. Additional data: Equipment was sold in July for $8,000 and $4,500 in November. Dividends of $5,500 were paid in August. The beginning cash balance was $80,395 and a required minimum cash balance per quarter is $60,000. The company has a 15% open line of credit for $70 000 with their bank. Required: Use this information to prepare a cash budget for the first two quarters of the year.
Suresh Company reports the following segment (department) income results for the year. Department M Department N Department O Department P Department T Total Sales $ 77,000 $ 39,000 $ 70,000 $ 56,000 $ 38,000 $ 280,000 Expenses Avoidable 14,800 42,400 21,600 19,000 46,800 144,600 Unavoidable 55,800 18,600 5,200 43,200 16,800 139,600 Total expenses 70,600 61,000 26,800 62,200 63,600 284,200 Income (loss) $ 6,400 $ (22,000) $ 43,200 $ (6,200) $ (25,600) $ (4,200) b. Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated.