12,000.00 10,000.00 10,000.00 2,000.00 9,000.00 1,000.00 22,000.00 19,000.00 3,000.00 2021
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A:
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- When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)Calculate total revenue and fill in the table below. Price Quantity Total Revenue S50 60 $40 06 $35 110 S30 140 $25 190PA1. 10.1 When prices are rising (inflation), which costing method would produce thehighestvalue for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Number of Units Cost per Unit $6,000 7,000 7,500 Purchase 2 Purchase 3 Purchase 4 Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
- PA1. 10.1 When prices are rising (inflation), which costing method would produce thehighestvalue for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)2. The following data are given on the only one product of Glory Co. 2020 2021Sales volume 3,000. 2,600Unit Selling price. P 8.00. P 11.00Unit cost. 5.00 9.00 Prepare the gross profit statement and analyze the variation in gross profit1. When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Cost per Unit $6,000 7,000 7,500 Number of Units Purchase 2 Purchase Purchase 4 Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
- Prepare a gross profit variation analysis for two products. 2021. 2020 A. B. A. B Sales volume. 7,000 5,000. 9,000. 2,500Unit selling price. P 6.00. P. 4.00. P 7.00. P 5.00Unit cost. P. 4.00. 2.00 6.00 3.00Determine the following: a) Volume factor b) Price factor c) cost factor d) sales mix factorThe income data of SB Kopi for the years 200B and 200A are as follows: 200B 200A Variance Sales 276,000.00 204,000.00 72,000.00 F Cost of Sales 151,800.00 122,400.00 29,400.00 U Gross Profit 124,200.00 81,600.00 42,600.00 Question: the 200B cost price is higher (lower) than the 200A cost price by: (12.745%) (10%) 10% 12.745%Sohar Company’s financial information is given in the table below. Year Sales (OMR) Fixed Costs Variable Costs 2019 405000 90000 225000 2020 450000 120000 240000 Calculate: P/V ratio, E.P. Sales required to earn a profit of OMR 40000. Margin of safety at a profit of OMR 50000 Profit when sales are OMR. 200000.
- Consider the following information: Retail price per unit: Wholesale price per unit: Manufacturer's price per unit: Manufacturer's variable cost: Retailer's fixed costs per quarter: Wholesaler's fixed costs per quarter: Manufacturer's fixed costs per quarter: Retailer's unit sales this quarter: Wholesaler's unit sales this quarter: Manufacturer's unit sales this quarter: $150 O $90.91 O $111.12 O $72.50 O $145.46 $80 $50 $35 $75,000 $1,750,000 $2,500,000 1,800 80,000 160,000 If the wholesaler wants his margin to be 45%, but doesn't believe he can convince the manufacturer to lower her price below $50, what price does the wholesaler need to charge the retailer? O Search⦁ Sally Company has the following sales data and total monthly cost data.Month Units Sold Total cost1 195 $ 972 125 873 105 734 155 895 95 816 215 1107 145 938 85 58Required:⦁ Estimate the variable cost per unit for Sally Company using the High-Low Method. Show your computation.I alrdeady provided the correct answers, please show me the solutions. The income data of Escano Company for the years 200B and 200A are follows: 200B 200A Variance Sales P276,000 P204,000 P72,000 favorable COGS 151,800 122,400 P29,400 unfavorable Gross Profit P124,200 P81,600 P42,600 favorable If the sales price in 200B is approximately 20% higher than the sales price 200A, the P72,000 increase in sales may be analyzed into: P46,000 favorable P26,000 favorable The number of units increased (decreased) by 12.745% The P29,400 increase in cost of sales may be analyzed into:Cost Price Variance Cost Volume Variance P15,600 unfavorable P13,800 favorable The 200B cost price is higher (lower) than the 200A cost price by10%