Tiger Drug Store carries a variety of health and beauty aids, includi Unit Sales Dollar Sales January 130 $1,040 February 120 960 March 140 1,120 April 150 1,200 May 170 1,360 June 160 1,280
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- Product Price per Unit $400 Desktop computer Tablet computer Landline telephone 4-in-1 desktop printer 60 60 100 Date Transactions 2018 California Business Solution purchases 10 electronic hardware packages at a cost of $620 each by paying cash April 1 April 7 CBS purchases 30 desktop computers on credit at a cost of $400 each. The credit terms are n/15 with an invoice date of April 7. April 17 CBS makes full payment on the amount due from the April7 purchase May 1 CBS purchases 67 tablet computers at a cost of $60 each on credit. The payment terms are 5/10, n/30, and the invoice is dated May 1. May 10 CBS pays their account in full. June CBS purchased 300 landline telephones with cash at a cost of $60 each. On June 3. CBS discovers that 25 of the phones are the wrong color and returns the phones to the manufacturer for a full refund,, June 8 CBS discovers that 60 more phones from the June 1 purchase are slightly damaged. CBS decides to keep the phones but receives a purchase allowance…Healthfood store ordered 25 cases of food supplements from Nature's Wonder with a list price of $120.80 each at trade discount rate of 20%, 10%. They received an invoice dated May 4, with payment terms 2/10, 1/20, n/30. (a) If Healthfood pay the full amount on May 16, how much should they pay? Express your answer in 2 decimal places. (b) Healthfood received another invoice from Nature's Wonder (with the same payment terms i.e. 2/10, 1/20, n/30), dated June 5 in the amount of $3,780. If they make a partial payment of $2,000 on June 13, how much would they have to pay on June 21 to settle the invoice? Assume the supplier accepts cash discounts on partial payments. Express your answer in 2 decimal places.dont give image
- 12. Medical Essentials anticipate the following sales forecast for the months indicated.The company provides two products Antibiotics and Vaccines. Sales Forecast 2014Details Antibiotic VaccineFebruary 5,800 units 6,400 unitsMarch 8,700 units 5,500 unitsApril 6,275 units 7,000 unitsMay 7,300 units 5,600 unitsJune 8,500 units 4,250 unitsJuly 6,400 units 6,700 unitsNotes:I. One Antibiotic requires two (2) units of raw material fungi. One unit of fungi costs $8. Vaccines use four (4) units of raw material protein which costs $12 each. II. The company has decided that raw material stocks at the end of each month should be held equivalent to twenty percent (20%) of the budgeted sales for the next month. III. During the year, the company charged $6,000 per antibiotic and $4,000 per vaccine. IV. The decision was made that at the end of each month there should be in store sufficient finished goods stock to meet ten percent (10%) of the sales for the previous month.…Diapers.com is an online specialty retailer for baby products (including diapers) that specialized in delivering consumables, such as diapers, wipes, and formula. Diapers.com was selling a pack of Pampers for $18 on its website, while same pack was acquired from P&G for $9. The % margin (percent of Diapers' selling price) is equal to A. $9 B. 100% C. 50% D. $18The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year: Demand Next Selling Price year (units) per Unit 61,000 $ 20.00 53,000 46,000 Direct Materials $ 5.40 $2.20 $ 8.09 $ 3.10 $ 6.50 $33.50 44,400 $14.00 336,000 $ 9.10 $ 4.30 Product Debbie Trish Sarah Mike Sewing kit The following additional information is available: a. The company's plant has a capacity of 113,140 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. b. Next year's direct labor pa rate will be $9 per hour. c. Fixed manufacturing costs total $630,000 per year. Variable overhead costs are $2 per direct labor-hour. d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor-hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead…
- A company supplies a range of cosmetic products and gives discounts on order as follows: For order less than 1000sh a discount of 2% is given. For orders Worth 1000sh and above a discount of 5% is given. These discounts are only given if the customer's account is less than four weeks in arrears.If the account is more than 8 weeks in arrears, a proforma invoice must be sent and settled before dispatch. Prepare a limited entry decision table for the above information.Paint Company has two customers Commercial and Consumer with data as follows: Commercial Consumer Selling Price per unit $15 $15 Units Sold 5,000 8,000 Manufacturing Cost per unit $8.25 $8.25 Number of Purchase Orders 76 212 Number of Deliveries 104 287 Number of Expedited deliveries 357 589 Customer Visits 58 75 Paint Company’s management accountant has gathered the following ABC rate information: ABC Cost Rate Purchase Orders $ 72 per purchase order Deliveries $ 43 per delivery Expedited Deliveries $ 18 per expedited delivery Customer Visits $ 56 per customer visit Using the information in the tables above and allocating indirect support costs using ABC to customers, what is the Operating Income for the Commercial customer?