None A trucking company publishes the following rates:Shipment WeightLess than 500 pounds500-999 pounds1,000-4,999 poundsCost per 100 Pounds$ 20.00$ 18.00$ 15.50$ 14.00$ 13.005,000-9,999 pounds10,000 pounds or moreSuppose you have eight shipments of 900 pounds each that the carrier will consolidate into one shipment, for an additional charge of$220 (total).a. Calculate the total cost with or without consolidated shipment charge.b. Should you agree to consolidate the shipments?Complete this question by entering your answers in the tabs below.Required A Required BCalculate the total cost with or without consolidated shipment charge.Total cost using individual shipmentsTotal cost using consolidated shipment

Consolidated shipping is the process of integrating many orders into a single shipment. The…

Answered: A trucking company publishes the…

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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This year, Lambert Company will ship 1,500,000 pounds of goods to customers ata cost of $1,200,000. If a customer orders 10,000 pounds and produces $200,000 ofrevenue (total revenue is $20 million), the amount of shipping cost assigned to thecustomer by using ABC would bea. unable to be determined.b. $8,000 ($0.80 per pound shipped).c. $24,000 (2% of the shipping cost).d. $12,000 (1% of the shipping cost).e. None of these.
1. The following quotation is received from a supplier in respect of Material X : Rate per kg. Lot price-1,000 kgs. 5,000 kgs. 10,000 kgs. 5.00 4.50 4.00 Trade discount 20% and cash discount 5% if payment is made within 15 days. One container is required for every 1,000 kgs. of the material and containers are charged at $ 90 if returned within 3 months. $ 100 each but credited $ Transport charges for one order Storage charges Calculate the material cost for 5,000 kgs. and per kg. of the material when the purchaser decides to purchase 5,000 kgs. of the material, assuming containers are returned in due course. 500 150
You place an order for 2,000 units of Good X at a unit price of $57. The supplier offers terms of 3/25, net 50. a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? (Enter your answer as a percent.) b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don't take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. How many days' credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Jesaki Express, a national package delivery service, charges a base price for overnight delivery of packages weighing 2 pounds or less and a surcharge for each additional pound (or fraction thereof). You are billed $28.32 for shipping a 5.3 pound package and $69.15 for shipping a 19.3 pound package. What is the base price that Jesaki Express charges for packages weighing 2 or less? $ . Round to the nearest cent. Yaster Shipping, a competing package delivery service, charges a base price for overnight delivery of packages weighing 1 pounds or less and a surcharge for each additional pound (or fraction thereof). You are billed $32.25 for shipping a 6 pound package and $79.12 for shipping a 19.7 pound package. What is the surcharge that Yaster Shipping charges for each additional pound (or fraction thereof) beyond 1 pounds? $ per pound above 1 pounds. Round to the nearest cent. Yaster Shipping, a competing package delivery service,…
Zonker Inc. purchases 500 units of an item at an invoicecost of $30,000. What is the cost per unit? If the goods areshipped f.o.b. shipping point and the freight bill was$1,500, what is the cost per unit if Zonker Inc. pays thefreight charges? If these items were bought on 2/10, n/30terms and the invoice and the freight bill were paid withinthe 10-day period, what would be the cost per unit?
You place an order terms of 2/25, net 45. 000 units of Good X at a unit price of $47. The supplier offers a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? (Enter your answer as a percent.) b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don't take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. How many days' credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Yaster Shipping, a competing package delivery service, charges a base price for overnight delivery of packages weighing 2 pounds or less and a surcharge for each additional pound (or fraction thereof). You are billed $31.67 for shipping a 6.7 pound package and $78.76 for shipping a 21.7 pound package. What is the surcharge that Yaster Shipping charges for each additional pound (or fraction thereof) beyond 2 pounds?
A supplier sells MF Tires to dealers. The annual demand is approximately1,000 tires. The supplier pays P50 for each tire and estimates that the annualholding cost is 20 percent of the total value of tires. It costs approximatelyP25 to place an order. The supplier currently orders 80 tires per month.Required:a. Calculate ordering, holding, and total inventory costs for thecurrent ordered quantity.b. Determine the EOQ.c. How many orders will be placed per year using the EOQ?d. Calculate ordering, holding, and total inventory costs for the EOQand also determine the change in total inventory cost.
You place an order for 470 units of inventory at a unit price of $175. The supplier offers terms of 2/15, net 90. a-1. How long do you have to pay before the account is overdue? a-2. If you take the full period, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b-1. What is the discount being offered? b-2. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don't take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. How many days' credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a-1. Days until overdue a-2. Remittance b-1. Discount offered b-2.…
Given the following, calculate the net price of the purchase by a customer who buys 1,000 cases of product and pays the supplier within 15 days of shipment. What is the total percentage discount on the sale? Cost of product: $75.00 per case Trade discount: $5.00 per case Quantity discount: 1.5% for each 500 cases Performance allowance: 5% Cash discount: 2/10, net 30
1. A company uses 1,500 units of Zeron per year. Each unit has an invoice cost of P222, including shipping costs. Because of the volatile nature of Zeron, it costs P860 for liability insurance on each shipment. The costs of carrying the inventory amount to P65 per item per year exclusive of a 20 percent cost of capital. Other order costs amounts to P18 per order. At present, the company orders 250 units at a time. What is the annual cost of the company's current order policy? 2. Summer Company has annual fixed costs of P90,000. This year, it recorded profit of P30,000 which is 10% of its sales. In the coming year, sales volume is expected to increase by P200,000 and the profit ratio will go up to 22%. What is Summer's break even sales ratio in the coming year? 3. Corporation C is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for P133.60 per unit.…
Required: Affiliate A sells 5,600 units to Affiliate B per year. The marginal income tax rate for Affiliate A is 25 percent and the marginal income tax rate for Affiliate B is 40 percent. Additionally, Affiliate B pays a tax-deductible tariff of 5 percent on imported merchandise. The transfer price per unit is currently $2,000, but it can be set at any level between $2,000 and $2,400. Derive (a) a formula to determine the effective marginal tax rate for Affiliate B and (b) a formula to determine how much annual after-tax profits can be increased by selecting the optimal transfer price. Note: Do not round intermediate calculations. Enter the "Effective marginal tax rate" as percentage rounded to whole number. Effective marginal tax rate Increase in annual after-tax profits %

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