The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

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Answer 1

Question

Chapter 8, Problem 8.34BE

1.

To determine

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

2.

To determine

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

3.

To determine

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

4.

To determine

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Subject:- General Account

Subject:- General Account - On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 39,000 units were started. At the end of the month all started units were 60% complete with respect to conversion. Direct Materials placed into production had a total cost of $395,000 and the total conversion cost for the month was $408,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March. (Round the answer to the nearest cent.)

On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 39,000 units were started. At the end of the month all started units were 60% complete with respect to conversion. Direct Materials placed into production had a total cost of $395,000 and the total conversion cost for the month was $408,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March. (Round the answer to the nearest cent.)

Answer 2

Question

Chapter 8, Problem 8.34BE

1.

To determine

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

2.

To determine

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

3.

To determine

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

4.

To determine

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Answer 3

Question

Chapter 8, Problem 8.34BE

1.

To determine

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

2.

To determine

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

3.

To determine

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

4.

To determine

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Answer 4

Question

Chapter 8, Problem 8.34BE

1.

To determine

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

2.

To determine

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

3.

To determine

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

4.

To determine

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 8.34BE

1.

To determine

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

2.

To determine

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

3.

To determine

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

4.

To determine

Answer 6

Chapter 8, Problem 8.34BE

1.

To determine

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

Answer 7

Chapter 8, Problem 8.34BE

1.

To determine

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

Answer 8

2.

To determine

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

Answer 9

2.

To determine

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

Answer 10

3.

To determine

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

Answer 11

3.

To determine

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

Answer 12

4.

To determine

Answer 13

4.

To determine

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 8 - Prob. 1QC Ch. 8 - (Learning Objective 1) Keys to making short-term...Ch. 8 - (Learning Objective 2) Which is true of...Ch. 8 - (Learning Objective 3) Which of the following...Ch. 8 - Prob. 5QC Ch. 8 - Prob. 6QC Ch. 8 - (Learning Objective 4) A segment margin is the a....Ch. 8 - (Learning Objective 5) When resources are...Ch. 8 - (Learning Objective 6) Which of the following is...Ch. 8 - Prob. 10QC

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

Solution Summary: The author calculates the company P's current cost of making and selling 10 million cans of paint and the current costs per unit.

Concept explainers

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

Want to see the full answer?

Chapter 8 Solutions

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

Solution Summary: The author calculates the company P's current cost of making and selling 10 million cans of paint and the current costs per unit.

Concept explainers

The company P’s current total cost of making and selling 10 million cans of paint and the current cost per can of paint.

The targeted cost on given sell price of $8 per unit. To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.

That how much reduction in variable cost per unit P will have to make to achieve its targeted profit if there is saving in fixed cost by $500,000.

Want to see the full answer?

Chapter 8 Solutions

The targeted cost on given sell price of $8 per unit.

To conclude: That with the given sell price whether company P is achieving its goal to achieve targeted profit.