Marigold Company gathered the following data about the three products that it produces: Product   Present Sales Value Estimated Additional Processing Costs Estimated Sales if Processed Further A   $10400   $7200   $18600   B   12400   4200   15600   C   9400   2200   13600

Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. a.Determine the total manufacturing costs and the cost amount per unit for the production and sale of 200,000 units. b.Determine the product cost markup percentage per unit. Round to two decimal place. c.Determine the selling price per unit. Round to the nearest dollar.

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Bonita Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCNRV) basis in valuing inventories: Net Product Cost Realizable Value A B C $111000 85000 160000 $126000 $351000. O $356000. O $376000. O $371000. 80000 165000 If Bonita applies the LCNRV basis, the value of the inventory reported on the balance sheet would be

Current Attempt in Progress Crane Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Product Cost Net realizable value A $119000 $127000 B 78000 C 151000 76000 O $346000 O $348000 O $369000 O $367000. 164000 D If Crane applies the LCNRV basis, the value of the inventory reported on the balance sheet would be

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Which of the following statements is/are true? Statement 1. Lifecycle costing aims to ensure that a profit is generated over the entire life of a product Statement 2. Life cycle costing takes into account all costs over the life of a product, with the exception of costs already spent on the design and development a. Statement 2 only b. Neither statement c. Statement 1 only d. Both statements 1 and 2

E6-2A High-Low Method               Apply the high-low method of cost analysis to the three cost data groups in E6-1A. What cost behavior are apparent? Express each as a cost formula.                           Volume (applicable to each group) Group A Costs Group B Costs Group C Costs                 2,000 $2,600 $1,000 $2,400                 12,000 12,600 6,000 2,400                 16,000 16,600 8,000 2,400                 20,000 20,600 10,000 2,400

JOINT PRODUCTS: Machintosh Company produces two products from a common input. Common Input Question 1 The sales value of Product A at the split-off point (without further processing) is P 60,000. The sales value of Product B at the split-off point (without further processing) is P 120,000. Product A Product B *Note: Split-off point is the juncture in the process when the products become separately identifiable. If Product A will be processed further after the split-off point, it will incur a processing cost of P 22,197, but its sales value after further processing will now be P 96,829. What will be the profit for Product A after further processing?