of 10 O Macmillan Learning A company produces products at a cost of $35 each. Defective products cost an additional $15 each to repair. The probability of no defective products is 80%. The probability of 5% defective products is 20%. What is the expected cost of producing 700 products? (Use decimal notation. Give your answer to two decimal places.) expected cost: $

of 10 O Macmillan Learning A company produces products at a cost of $35 each. Defective products cost an additional $15 each to repair. The probability of no defective products is 80%. The probability of 5% defective products is 20%. What is the expected cost of producing 700 products? (Use decimal notation. Give your answer to two decimal places.) expected cost: $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

1. University Catering sells 50 pound bags of popcorn in the university dormitories for P10 abag. Fixed cost of this operation are P80,000 while variable costs of the popcorn are P.10per pound.a. What is the BEP in bags?b. Calculate the EBIT or loss on 12,000 bags and 25,000 bags.c. Calculate the EBIT or loss on 25,000 bags.
Ch. 7 Learn Smart-Problem Solving Please select the correct answer and explain how you arrived at that answer based on the question below. "ABC lumber spent $1,000 cutting down a tree. The result was 40 pieces of unfinished lumber that sell for $20 each and 100 bags of sawdust that sell for $1.00 each. If the unfished pieces of lumber are processed into finished lumber at a cost of $8 each, they will sell for $35. A bag of sawdust can be processed into Presto Logs that sell for $1.25 at a cost of $.75 per bag. Which of the following statements are true concerning whether the unfished pieces of lumber should be processed into finished lumber and whether the sawdust should be processed into Presto Logs" 1) The pieces of lumber should be processed 2) The pieces of lumber should be sold as is without being processed into finished lumber 3) The $1,000 cost of cutting down the tree is relevant to the decision 4) The sawdust should be processed into Presto Logs 5) The sawdust should be…
Give typing answer with explanation and conclusion
Use the information below to answer question 36- 43. KSB wants to run a new programme. Estimated fees to be paid by a student is 8000.00. Fixed cost for the programme is expected to be 140,000.00 per anum while variable cost per student is estimated at 4000.00. Expected enrolment is 100 students. 36. What is the contribution per student? 37. What is the c/s ratio?
a. How many pupils do Hannah and Kathleen need to enrell in their class to break even? Contribution Margin per unit = Sales per price-Variable Cost per unit 3D75-12 = 63 per unit %3D Break-even Volume Fixed Cost/Contribution Margin per unit =D1,700/63 per unit %3D = 26.98 or 27 pupils %3D b. If Hannah and Kathleen want to make a profit of $5,000 for the summer, how many pupils do they need to enroll? Pupils need to be enrolled = Fixed Cost + Desired Profit Contribution Margin per unit 1.700 + 5,000/63 per unit 106.3 or 107pupils c. Hannah and Kathleen estimate that they might not be able to enrolI more than 60 pupils. If they enroll this many pupils, how much would they need to charge per pupil in order to realize their profit goal of $5,0007
28) ABC Company wants to introduce a new laptop into the market. The estimated price of each laptop is RO 250. The required profit margin is 10% of sales. The target cost for the new laptop is: a. RO 255 b. RO 225 c. RO 275 d. RO 250
Answer all subparts a to f.if answered within 30mins,it would be helpful Accounting ETS manufactures a component for its computer products. The annual demand for thiscomponent is 2500 units. The annual cost of maintaining inventory is10% per unit and the cost of preparing an order and setting up productionfor the order is $ 50.The machine used to make this part has a production rate of 10,000units per year and the cost is $ 22 per unit.a. Find the EPQ(Economic Production Quantity)A. How long does it take to produce the batch?B. How many batches will be produced per year?C. What is the maximum inventory level?D. What is the total cost per year?E. A supplier offers to sell a similar component for $ 25 per unit with a charge$ 5 per service per order. Should the company accept the offer?F. Find the average inventory level for each situation
11-If the learning ratio is 80%, and the first unit produced took 120 hours. What will be the time (hours) required to produce the second, fourth, eighth, and sixteenth units. a. 240,360,480,600 b. 120, 96, 76.8 and 61.44 c. 96, 76.8, 61.44 and 49.15 d. None of the given options
International Printer Machines (IPM) builds three computer printer models: Alpha, Beta, and Gamma. Information for these three products is as follows: Alpha Beta Gamma Total Selling price per unit $250 $400 $1,500 Variable cost per unit $80 $200 $800 Expected unit sales (annual) 12,000 6,000 2,000 20,000 Sales mix 50 percent 40 percent 10 percent 100 percent Total annual fixed costs are $5,000,000. Assume the sales mix remains the same at all levels of sales. Required: a) Calculate the weighted average unit contribution margin, assuming a constant sales mix. b) How many units of each printer must be sold to break even? c) i) Explain what is margin of safety ii) Calculate in sales units the margin of safety for IPM, assuming projected sales are 25,000 units? SHOW YOUR WORKING
Q5: Clone Computers assembles and packages personal computer systems from brand-name components. Its Home Office PC System is assembled from components costing $1400 per system and sells for $2000. Labour costs for assembly are $100 per system. This product line's share of overhead costs is $10,000 per month. a) How many Home Office Systems must be sold each month to break even on this product line? ________ b) What will be the profit or loss for a month in which 13 Home Office Systems are sold? _________
w sion o 1om bles 56-3 Compute fixed costs per unit (Learning Objective 2) Scott Equipment produces high-quality soccer balls. If the fixed cost per ball is $3 when the company produces 15,000 balls, what is the fixed cost per ball when it produces 22,500 balls? Assume that both volumes are in the same relevant range.
Quick Inc. has sales of $36,400,000, and the break-even point in sales dollars is $24,024,000. Determine the company’s margin of safety as a percent of current sales. Enter your answer as a whole number.fill in the blank 1 %