OSC QUESTION 26 Wok Around the Clock, Inc., sells specialty woks. In the current year it expects to incur $800,000 in variable costs and $130,000 in fixed costs to make and sell 10,000 woks at $100 each. If Wok Around the Clock accepts a special order from Hard Wok Cafe to purchase 1,000 woks at $75. Wok Around the Clock will also have to pay $1,200 in shipping costs to deliver the special order. How much would it make or lose on this special order? ENTER A LOSS WITH A "-" SIGN. DO NOT USE PARENTHESES. EXAMPLE: -1,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers. ! 1 Q A 1 N @ 2 W S *3 # X E D. $ 4 244 C R % 5 LL MacBook Pro T V < 6 G > & 7 H B 2 8 N Save O M

OSC QUESTION 26 Wok Around the Clock, Inc., sells specialty woks. In the current year it expects to incur $800,000 in variable costs and $130,000 in fixed costs to make and sell 10,000 woks at $100 each. If Wok Around the Clock accepts a special order from Hard Wok Cafe to purchase 1,000 woks at $75. Wok Around the Clock will also have to pay $1,200 in shipping costs to deliver the special order. How much would it make or lose on this special order? ENTER A LOSS WITH A "-" SIGN. DO NOT USE PARENTHESES. EXAMPLE: -1,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers. ! 1 Q A 1 N @ 2 W S *3 # X E D. $ 4 244 C R % 5 LL MacBook Pro T V < 6 G > & 7 H B 2 8 N Save O M

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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Question 6 Technology Inc. Ltd sells desktop computer printers for $65 per unit. Unit product costs are: Direct materials $12 Direct labor 20 Manufacturing overhead 6 Total $38 A special order to purchase 10,000 desktop computer printers has recently been received from another company, and Technology Inc. has the idle capacity to fill the order. The company will incur an additional $1.50 per printer for additional labor costs due to a slight modification the buyer wants to be made to the original product. One-third of the manufacturing overhead costs are fixed and will be incurred no matter how many units are produced. $2,100 of existing fixed administrative costs will be allocated to the order as “part of the cost of doing business”.…
QUESTION 18 Determine question 18 to 20 based on the following Rroblem: Vicky Payne sells beauty supplies. Her annual demand for a particular skin lotion is 7,000 units. The cost of placing an order is $10 while the holding cost per unit per year is 10 percent of the cost. This item currently costs $2.50 if the order quantity is less than 1500. For orders 1500 or more units, the cost falls to $2.45. If Vicky Payne wishes to minimize her total annual inventory costs, he must evaluate the total cost for two possible order quantities. What are these two possible quantities? (Round answer to nearest unit.) OA 237 and 239 OB. 748 and 756 OC 748 and 1500 O D. 756 and 1500 QUESTION 19 3 poir How many units should Vicky Payne order to minimize her total annual inventory cost? (Round your answer to the nearest unit.) OA 748 OB. 756 OC 1500 OD. 1501
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Exercise 6 Bruce Co. has 4500 units in inventory. It made the product last year at a cost of $54 each. This year's model is much better and the 4500 units can't be sold at last year's regular price. Bruce Co. has two alternatives. It could sell the inventory to a wholesaler for $45 each or it could rework the inventory at a cost of $27900 and then sell them for $63 each. What is the financial impact of reworking the units? Should Bruce sell now or rework? Rework
Homework, Chapter 25 Make-or-Buy Decision Somerset Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $24 per unit. The company, which is currently operating below full capacity, charges factory overhead to production at the rate of 40% of direct labor cost. The unit costs to produce comparable carrying cases are expected to be as follows: Direct materials $8.00 Direct labor 12.00 Factory overhead (40% of direct labor) 4.80 Total cost per unit $24.80 If Somerset Computer Company manufactures the carrying cases, fixed factory overhead costs will not increase and variable factory overhead costs associated with the cases are expected to be 25% of the direct labor costs. a. Prepare a differential analysis dated April 30 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying case. If an amount is zero, enter "0". If required, round your answers to two decimal places. Differential Analysis Make…
QUESTION 8 Grass is Greener, Inc., plans to charge its customers by the hour and to work 350 hours at $16 per hour. It expects its variable costs to be $6 per hour and fixed costs to be $600. Calculate the number of hours needed to earn $1,800 in operating income? (Round to the nearest hour)
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Please answer questions 4A-D & 5
QUESTION 10 Randall has received a special order for 4300 units of its product at a special price of $20. The product normally sells for $34 and has the following manufacturing costs: AZ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Per unit 2 3 3 2 Assume that Randall has sufficient capacity to fill the order. If Randall accepts the order, what effect will the order have on the company's short-term profit? *** If a decrease, place a sign before your answer. For example, a decrease of $1,000 would be answered -1,000.
Expected annual demand for Galaxy jerseys 14,000 Ordering cost per purchase order $112 Carrying cost per year $10 per jersey Each jersey costs PS $35 and sells for $70. The $10 carrying cost per jersey per year consists of the required return on investment of $5.95 (17% × $35 purchase price) plus $4.05 in relevant insurance, handling, and storage costs. The purchasing lead time is 5 days. PS is open 365 days a year. Requirement 1. Calculate the EOQ. Begin by selecting the formula used to calculate EOQ. (D=Demand in units for one year, P=Ordering cost per purchase order, C=Carrying cost of one unit in stock, Q=Any order quantity.) ModifyingAbove EOQ equals StartRoot StartFraction 2 DP Over Upper C EndFraction EndRoot With Subscript EOQ=2DPC Part 2 (Round your answer to the nearest whole number.) The EOQ is jerseys.