balancing quality costs against expected revenue gains has become known as: quality function deployment. return on quality. house of quality. quality trilogy.

Answers

Answer 1

Balancing quality costs against expected revenue gains has become known as return on quality.

What does income mean in a business?

The term "revenue" describes the entire earnings a business makes from its primary activities, such as the sale of goods or services, the rental of real estate, regular payments, the interest on loans, etc.

Are sales a profit or a loss?

Sales, or "revenue," does not take into account any costs or expenditures related to running the business. Profit is the amount of revenue that is left over after all costs, obligations, sources of new revenue, and operating costs have been taken into account.

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Related Questions

Holtzman Clothiers's stock currently sells for $40.00 a share. It just paid a dividend of $1.75 a share (i.e., D0 = $1.75). The dividend is expected to grow at a constant rate of 7% a year. What stock price is expected 1 year from now? Round your answer to the nearest cent. $ What is the required rate of return? Do not round intermediate calculations. Round your answer to two decimal places. %

Answers

Answer: See explanation

Explanation:

a. What stock price is expected 1 year from now?

This will be calculated as:

= P0 × (1 + g)

where,

P0 = $40

g = growth rate = 7%

= P0 × (1 + g)

= 40 × (1 + 7%)

= 40 × (1 + 0.07)

= 40 × 1.07

= $42.80

b. What is the required rate of return?

This will be:

= (D1 / P0) + g

where D1 = D0 × (1+g) = 1.75 × (1+0.07) = 1.75 × 1.07 = 1.8725

= (D1 / P0) + g

= (1.8725 / 40) + 0.07

= 0.1168

= 11.68%

Jacob Suppliers has not paid out any dividend in the last three years. It does not expect to pay dividends in the next two years either as it recovers from an economic slowdown. Three years from now it expects to pay a dividend of $1.75 and then $2.80 in the following two years. What is the present value of the dividends to be received over the next five years if the discount rate is 14.5 percent

Answers

Answer:

3.78

Explanation:

Leakages and injections Suppose the economy is initially in equilibrium, when a decrease in decreases total leakages out of the economy. Which of the following will occur as a result of this change? Suppose the economy is initially in equilibrium, when a decrease in decreases total leakages out of the economy. Which of the following will occur as a result of this change? Check all that apply. GDP rises above planned spending. Firms experience an increase in unplanned inventory. There is a proportionate decrease in investment. Real GDP falls. Injections and leakages are equal to each other .

Answers

Answer:

Suppose the economy is initially in equilibrium, when a decrease in Savings decreases total leakages out of the economy.

Savings are considered leakages in the economy because the represent money that is not spent but rather saved.

Which of the following will occur as a result of this change?

GDP rises above planned spending.

Savings reduces spending but as savings have reduced, there will be more spending which is unplanned and so this increase in unplanned spending will make GDP higher than planned spending.

Injections and leakages are equal to each other when real GDP is equal to aggregate expenditure.

Injections and leakages are equal when the output (GDP) and the Aggregate expenditure are the same.

The cost function for Acme Laundry is ​
C(q) = 20 + 30q + q2​
where q is tons of laundry cleaned. What q should the firm choose so as to maximize its profit if the market price is​ p?
The output level at which the​ firm's profit is maximized as a function of p is____.
If p = 100, then Acme Laundry should____produce units.

Answers

Answer:

Explanation:

The profit function will be:

π = Total revenue - Total cost

where,

Total revenue = price × quantity= pq

Total cost = 20 + 30q + q²

π = pq - (20 + 30q + q²)

π = pq - 20 - 30q - q²

Then we maximize profit with respect to q which will be:

dπ/dq = p - 30 - 2q

We then equate the profit function to 0.

p - 30 - 2q = 0

p - 2q = 30

2q = p - 30

q = (p - 30)/2

When p = 100, the number of units that should be produced will be:

= (p - 30)/2

= (100 - 30)/2

= 70/2

= 35 units

cholastic Tours is trying to decide which one of two tours it will introduce. The costs and revenues associated with each alternative are listed below: Eastern Tour Western Tour Projected revenue $ 11,000 $ 13,000 Variable costs 2,000 6,000 Fixed costs 3,000 3,000 Profit $ 6,000 $ 4,000 What are the incremental (differential) costs of the Western Tour

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Eastern Tour Western Tour

Projected revenue $ 11,000 $ 13,000

Variable costs 2,000 6,000

Fixed costs 3,000 3,000

Profit $ 6,000 $ 4,000

Western Tour provides a higher projected revenue ($2,000 higher), but also higher variable costs. The variable cost of Eastern Tour is $4,000 lower, making it the more profitable option, as fixed costs are equal.

7x+5=80 please help pleaseeeeee​

Answers

X = 10.71 rounded to the hundredth

Let T1 be the time between a car accident and reporting a claim to the insurance company. Let T2 be the time between the report of the claim and payment of the claim. The joint density function of T1 and T2, f(t1, t2), is constant over the region 0 < t1 < 6, 0 < t2 < 6, t1 t2 < 10, and zero otherwise. Determine E[T1 T2], the expected time between a car accident and payment of the claim.

Answers

Answer:

5.7255

Explanation:

From the given information:

[tex]T_1 \to \text{time between car accident \& reporting claim} \\ \\ T_2 \to \text{time between reporting claim and payment of claim}[/tex]

The joint density function of [tex]T_1[/tex] and [tex]T_2[/tex] is:

[tex]f(t_1,t_2) = \left \{ {{c \ \ \ 0<t_1<6, \ \ \ 0<t_2<6, \ \ \ t_1+t_2<10} \atop {0} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ otherwise} \right.[/tex]

Area(A): [tex]= 6\times 6 - \dfrac{1}{2}*2*2[/tex]

= 34

The limits are:

[tex]\text{limits of } \ t_1 \ from \ 0 \ is \ 10 \to t_2 \\ \\ \text{limits of } \ t_2 \ from \ 0 \ is \ 4 \to 6[/tex]

Also;

[tex]\text{limits of } \ t_1 \ is \ 0 \to 6 \\ \\ \text{limits of } \ t_2 \ is \ 0 \to 4[/tex]

[tex]\iint f(t_1,t_2) dt_1dt_2 =1 \\ \\ c \iint 1dt_1dt_2 = 1 \\ \\ cA = 1 \\ \\ \implies c = \dfrac{1}{34}[/tex]

To find;

[tex]E(T_1+T_2) = \iint (t_1+t_2)c \ \ dt_1dt_2 \\ \\ \implies \dfrac{1}{34} \Big[\int \limits^4_0 \int \limits^6_0(t_1+t_2) dt_1 \ dt_2 + \int \limits^6_4 \int \limits^{10-t_2}_0(t_1+t_2) dt_1 dt_2 \Big] \\ \\ \implies \dfrac{1}{34} (120 + \dfrac{224}{3}) \\ \\ = \mathbf{5.7255}[/tex]

Type the correct answer in the box. Spell all words correctly. While executing a project, it is important to express mutual_____ and dignity among all the stakeholders.

Answers

Answer:

Respect.

Explanation:

Execution of a project according to the intended plan is very crucial to ensure the success of the project. In order to effectively execute the plan, it becomes crucial to display 'mutual respect and decency' between all the participants as it not only helps in preventing any kind of dispute or conflict in the team but also keeps the entire team focused and motivated to give their best. It develops a positive work environment by accepting each other's individual differences and going together as a team instead of a group of individuals.

Answer:

respect

Explanation:

5
5
Learning Task 4 Create a poster advertisement that demonstrates road
hely. Use a white cortolina for this project-based output
er
Guide for critiquing the poster advertisement.
Assessment Citteria
Information on road safety is shown
Measures to prevent rood accident is highlighted
Pictures or illustrations used are appropriate for the content.
Teds casy to read and understand
Execfon is neat and clear
Reglember that the two different forces discussed in this lesson are
Gravity is a force of attraction of two bodies because of their masses,
Friction is a force that opposes movement. It is always opposite to the
direction of the motion​

Answers

Answer:

njjjjjjekkwososlzojqnuxydgdhhsiakakaiidyquuqjqjjwnejejejdkjdjdjdjdjejjejeueuydhshwjoeisushshwhwjiwjjgvebklowgevevwjowohsgsbwowowwigdvdbwowwiuhshbsjkwkwkmsnsjsusuwiwoaoJhhhyui

When is the only time to abbreviate on a job application?

Question 3 options:

In the Personal Information section


In the Position & Availability section


Only when space is limited


Signature section

Answers

Only when space is limited

Consider the following statements regarding the economic pricing model:
I. The economic model is limited in use because a firm's demand curve is difficult to determine.
II. The marginal revenue and marginal cost model is valid for all forms of market organization (perfect competition, oligopoly, and so forth).
III. Cost accounting systems are not designed to measure the marginal changes in cost incurred as production and sales increase.
Which of the above statements is (are) true?
A. I only.
B. III only.
C. I and III.
D. II and III.
E. I, II, and III.

Answers

Answer:

C. I and III.

Explanation:

The demand curve is affected by many variables that can change in a relatively short period of time, for example, consumers' income. Even if a company is able to measure the demand curve, it cannot be sure for how long that result holds true. Managerial accounting is designed to measure historical costs generally associated to a certain production range.

All of the following are organization-directed benefits associated with offering unconditional guarantees except: a. the guarantee provides a means to avoid bankruptcy. b. the guarantee forces the firm to focus on the customer's definition of good service. c. offering the guarantee forces the firm to examine its entire service delivery system for failure points. d. the guarantee can be a source of pride and provide a motive for team building within the firm. e. the guarantee states a clear performance goal that is communicated to employees.

Answers

Answer:

All of the following are organization-directed benefits associated with offering unconditional guarantees except:

a. the guarantee provides a means to avoid bankruptcy.

Explanation:

Providing or offering customers unconditional guarantees does not help the company to avoid bankruptcy.  Bankruptcy arises from inadequate financing resulting from overtrading.  Importantly, offering guarantees to customers communicates a clear performance goal to employees to improve service delivery to customers.

f-1. Assume that no intra-entity inventory or land sales occurred between Placid Lake and Scenic. Instead, on January 1, 2020, Scenic sold equipment (that originally cost $170,000 but had a $84,000 book value on that date) to Placid Lake for $118,000. At the time of sale, the equipment had a remaining useful life of five years. What worksheet entries are made for a December 31, 2021, consolidation of these two companies to eliminate the impact of the intra-entity transfer

Answers

Answer:

Journal 1

Debit : Other Income  $34,000

Credit : Equipment $34,000

Journal 2

Debit : Accumulated depreciation  $6,800

Credit : depreciation $6,800

Explanation:

Step 1 : Eliminate the Income resulting from sale and the additional value of equipment sitting in the buyer books

Income = Selling Price - Carrying Amount

where,

Carrying Amount = Cost - Accumulated depreciation

                             = $84,000

therefore,

Income = $118,000 - $84,000 = $34,000

Journal;

Debit : Other Income  $34,000

Credit : Equipment $34,000

Step 2 : Eliminate the unrealized profit as a result of additional asset value

unrealized profit = income ÷ remaining useful life

                            = $34,000 ÷ 5

                            = $6,800

Journal;

Debit : Accumulated depreciation  $6,800

Credit : depreciation $6,800

As a result of a decrease in the demand for U.S. dollars, there has been depreciation in the value of the U.S. dollar relative to Macedonian dinars. The depreciation in the U.S. dollar has benefitted some groups but harmed others. Indicate which of the groups are winners and which are losers from the standpoint of the depreciation of the U.S. dollar.

a. A. Todd, American, to visit Macedonia spring brew
b. An investment bank in Macedonia that is interested in purchasing U.S.
c. Goodyear, a U.S. based firm, selling car tires Macedonia
d. A family from Macedonia visiting relatives in the U.S
e. A firm from Macedonia selling in the US.
f. U .S. based Hewlett-Packard, which is a tech purchasing a high tech company in Macedonia

Answers

Answer:

A. Todd, American, to visit Macedonia spring brew

Explanation:

Todd is a loser due to the depreciation of the U.S. dollar because now he will need more dollars to buy a comparative amount of South Korea won. His trip will now be more expensive.

An investment bank in South Korea, interested in purchasing U.S. government bonds - winner

The investment bank will exchange fewer wons for U.S. dollars than before. Buying government bonds will now be cheaper for them.

Goodyear, a firm based in the United States, sells car tires in South Korea - winner

Goodyear will likely sell more cars because for its South Korean customers, the cars are now cheaper since the value of the dollar has depreciated against the currency that they hold.

A family from South Korea visits relatives in the United States - winner

The South Korean family will exchange fewer wons for more U.S. dollars, making their trip cheaper.

A firm from South Korea sells handbags in the United States - loser

The handbags will now be more expensive for their American customers, likely causing a loss in sales revenue for the firm.

An electronics manufacturer in the United States, purchases a high tech company in South Korea - loser

The cost of the high-tech South Korean company is now higher for the American manufacturer because more dollars had to be exchanged for wons before the purchase.

MillerCoors Brewing Company is the world’s fifth largest brewer. In the United States, its tie to the magical appeal of the Rocky Mountains is one of its most powerful trademarks. Some of the items included in its recent annual consolidated statement of cash flows presented using the indirect method are listed here. Indicate whether each item is disclosed in the Operating Activities (O), Investing Activities (I), or Financing Activities (F) section of the statement or use (NA) if the item does not appear on the statement. (Note: This is the exact wording used on the actual statement.)

Answers

Answer:

1. Purchase of stock. FINANCING ACTIVITIES.

Financing activities relate to transactions that involve the capital of the company. They include long term debt and equity. In this case, the company is buying back its own shares so this falls under Financing activities as it has to do with the company's own capital.

2. Principal payment on long-term debt. FINANCING ACTIVITIES.

Principal repayment retires long term debt and as mentioned above, financing activities relate to activities that involve long term debt.

3. Proceeds from sale of properties. INVESTING ACTVITIES.

Properties are fixed assets and transactions involving these are considered investing activities so the proceeds from a sale of properties would rightfully be an investing activity.

4. Inventories (decrease). OPERATING ACTIVITIES.

Transactions that have to do with the day to day operations of the business fall under operating activities and this includes inventories decreasing.

5. Accounts payable (decrease). OPERATING ACTIVITIES.

Operations of the business includes accounts payables decreasing as well.

6. Depreciation and amortization. OPERATING ACTIVITIES.

Depreciation and amortization arise from using the fixed assets for day to day operations so this will fall under Operating activities.

The next dividend payment by Hoffman, Inc., will be $3.10 per share. The dividends are anticipated to maintain a growth rate of 6.25 percent forever. Assume the stock currently sells for $49.80 per share. a. What is the dividend yield

Answers

Answer:

6.2249%

Explanation:

Dividend yield = next dividend paid / price of the stock

Dividend yield is one of the components used in calculating the total return of a stock.

Total return = price return + dividend yield

price return is the return on a stock as a result of price appreciation

Dividend yield = $3.10 / $49.80 = 0.062249 = 6.2249%

Javier is a department manager at a big box store. Over the last month, sales have slumped, and he has lots of inventory going unsold. Now it’s time to put in his orders to restock for next month. a. How, if at all, should Javier adjust his orders for new products? Javier should place his orders according to his initial estimates. The inventory buildup is not an equilibrium. Javier should respond by cutting back on his orders. Javier should wait and see what happens next month, and if his inventory runs out, then he can place an order. b. How will his suppliers respond to this decision? They will produce according to their initial demand estimates. They will cut back on production. They will not be affected. They will expand their output. c. Most other businesses are experiencing a similar decline in sales. Which

Answers

Question Completion:

c. Most other businesses are experiencing a similar decline in sales. Which of the following are is likely to occur as a result of the decline in sales?

Aggregate expenditure will fall.

Aggregate expenditure will rise.

Output will not be affected, and eventually, sales will rise to bring the economy back to equilibrium.

Output will fall in response to the decline, as businesses adjust their production.

Answer:

a. How Javier should adjust his orders for new products:

The inventory buildup is not an equilibrium. Javier should respond by cutting back on his orders.

b. How the suppliers will respond to Javier's decision:

They will cut back on production.

c. The consequences of the decline in sales are:

Aggregate expenditure will fall.

Output will fall in response to the decline, as businesses adjust their production.

Explanation:

Aggregate Expenditure determines the total amount spent by firms and households on goods and services during a specific period of time. Inventory management is one of the duties of Javier at the department store.  This involves ordering, warehousing, and processing inventory to achieve maximum customer satisfaction.

School band members need to raise money for new uniforms. Some members want to sell energy drinks at a football game, but others want to organize a car wash in the school parking lot. Based on the concept of scarcity, which thoughts must drive their decision making process? ​

Answers

Answer:

the answer is D. Are there enough volunteers to work a car wash?

Explanation:

just took quiz

Answer:

D. Are there enough volunteers to work a car wash?

Explanation:

Ms. T. Potts, the treasurer of Ideal China, has a problem. The company has just ordered a new kiln for $464,000. Of this sum, $58,000 is described by the supplier as an installation cost. Ms. Potts does not know whether the Internal Revenue Service (IRS) will permit the company to treat this cost as a tax-deductible current expense or as a capital investment. In the latter case, the company could depreciate the $58,000 straight-line over 5 years. The tax rate is 30% and the opportunity cost of capital is 5%.
a. What is the present value of the cost of the kiln if the installation cost is treated as a separate current expense?
b. What is the present value of the cost of the kiln if the installation cost is treated as a part of the capital investment?

Answers

Answer:

Ideal China

a) The present value of the cost of the kiln if the installation cost is treated as a separate current expense is:

= $318,304.

b) The present value of the cost of the kiln if the installation cost is treated as a part of the capital investment is:

= $363,776.

Explanation:

a) Data and Calculations:

Present value factor for 5 years at 5% = 0.784

Cost of new kiln = $464,000

Installation cost = $58,000

Present value of the cost of the kiln if the installation cost is treated as a separate current expense = $406,000 * 0.784 = $318,304

Present value of the cost of the kiln if the installation cost is treated as a part of the capital investment = $464,000 * 0.784 = $363,776

Mature birds are better than young birds when used for ___.

Answers

Answer:

what the question choices?

Each service starts on a different date because the services depend on each other. Enter the starting dates for the remaining services as follows:
a. In cell D6, enter a formula without using a function that adds 4 days to the value in cell 06.
b. In cell E6, enter a formula without using a function that subtracts 3 days from the value in cell C6
c. In cell F6, enter a formula without using a function that adds 2 days to the value in cell E6
d. In cell G6, enter a formula without using a function that adds 2 days to the value in cell C6.

Answers

Answer:

a. Copy the range of cell D7:D9 then select cell D6 and paste the selection with date format selected. The function will be represented in formula bar with adding +4;365 days.

b. Copy the range of cell D7:D9 then select cell D6 and paste the selection with date format selected. The function will be represented in formula bar with adding -3;365 days.

c. In the formula bar type =365 days; +2 : E6

d. In the formula bar type =365 days ; +2 : C6

Explanation:

Excel is a software which helps the users to easily calculate complex calculation with just one function input. The users can create worksheets using the excel and then link those worksheets with each other. The data can be displayed in the form of table or simple text. It has multiple options to create annual day wise filtered worksheets.

TB MC Qu. 8-199 The Puyer Corporation makes and sells ... The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available: Monthly Fixed Cost Variable Cost Per Deb Sold Sales commissions $ 0.90 Shipping $ 1.40 Advertising $ 50,000 $ 0.20 Executive salaries $ 60,000 Depreciation on office equipment $ 20,000 Other $ 40,000 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 17,000 Debs in March, then the average budgeted selling and administrative expenses per unit sold for March is closest to: (Round your intermediate calculations to 2 decimal places.)

Answers

Answer: $10

Explanation:

First, we need to calculate the total budgeted selling and administrative expenses for March which will be:

Advertising = $50,000

Add: Executive salaries = $60,000

Add: Depreciation on office equipment = $20,000

Add: Other = $40,000

Total = $170,000

Since the company has budgeted to sell 17,000 Debs in March, then the average budgeted selling and administrative expenses per unit sold for March is:

= $170000 / 17000

= $10

Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,800 units quarter 1; 22,100 units quarter 2. 2. Variable costs per dollar of sales: sales commissions 5%, delivery expense 2%, and advertising 3%. 3. Fixed costs per quarter: sales salaries $10,900, office salaries $6,160, depreciation $4,490, insurance $2,080, utilities $880, and repairs expense $670. 4. Unit selling price: $24. Prepare a selling and administrative expense budget by quarters for the first 6 months of 2020

Answers

Answer:

Selling and administrative expense budget for 6 months = $144,300

Explanation:

Note: See the attached excel for the selling and administrative expense budget.

From the attached excel file, we have:

Quarter 1 total cost = $70,720

Quarter 2 total cost = $73,580

Selling and administrative expense budget for 6 months = Six months total cost = Quarter 1 total cost + Quarter 2 total cost = $70,720 + $73,580 = $144,300

Article IV of the Constitution obligates states to give this to one another's citizens.
a.
interstate compacts
C. privileges and immunities
b. obedience to the sunset laws
d. full faith for credit cards
Please select the best answer from the choices provided
B.
оооо

Answers

C i think grrr

enneves

Manufacturers Southern leased high-tech electronic equipment from International Machines on January 1, 2021. International Machines manufactured the equipment at a cost of $94,000. Manufacturers Southern's fiscal year ends December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Related Information: Lease term 2 years (8 quarterly periods) Quarterly rental payments $18,200 at the beginning of each period Economic life of asset 2 years Fair value of asset $138,287 Implicit interest rate 6% Required: 1. Show how International Machines determined the $18,200 quarterly lease payments. 2. Prepare appropriate entries for International Machines to record the lease at its beginning, January 1, 2021, and the second lease payment on April 1, 2021.

Answers

Answer:

1. $18,200 per quarter

2. 1-Jan-21

Dr Lease Receivable $138,287

Dr Cost of Goods Sold $94, 000

Cr Inventory of Equipment $94,000

Cr Sales Revenue $138,287

Dr Cash $18,200

Cr Lease Receivable $18,200

1-Apr-21

Dr Cash $18,200

Cr Lease Revenue $1,801

Cr Lease Receivable $16,399

Explanation:

1. Calculation to Show how International Machines determined the $18,200 quarterly lease payments

First step is to find the Present value of annuity at period start

Lease term=n = 2 x 4 quarters

Lease term=n= 8 periods

Fair value of asset = $138,287

Implicit interest rate, i = 6%, quarterly rate = 6%/4 Implicit interest rate= 1.5%

Present value of annuity at period start at 1.5%, 8 periods

Present value of annuity at period start = 7.5982

Now let determine the quarterly payments

Quarterly payments= $138,287/7.5982

Quarterly payments = $18,200 per quarter

Therefore the quarterly lease payments is $18,200

2) Preparation of the appropriate entries for International Machines to record the lease at its beginning, January 1, 2021, and the second lease payment on April 1, 2021.

1-Jan-21

Dr Lease Receivable $138,287

Dr Cost of Goods Sold $94, 000

Cr Inventory of Equipment $94,000

Cr Sales Revenue $138,287

(To record lease at its beginning)

Dr Cash $18,200

Cr Lease Receivable $18,200

(To record lease at its beginning)

1-Apr-21

Dr Cash $18,200

Cr Lease Revenue $1,801

Cr Lease Receivable $16,399

(To record second lease payment)

Calculation of lease revenue as on April 1, 2021

Lease revenue = ($138,287 – $18,200) x 1.5%

Lease revenue= $120,087×1.5%

Lease revenue= $1,801

Lease receivable = $18,200 – $1,801

Lease receivable = $16,399

Pewabic plans to sell 900 boxes of art tile in April, and estimates they'll craft 870 boxes during the month. Each box of tile requires 44 pounds of clay and a quarter hour of direct labor. Clay costs $0.40 per pound and pottery artisans are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Pewabic has 3,900 pounds of clay in beginning inventory on April 1 and wants to have 4,500 pounds in ending inventory on April 30. What total amount should Pewabic budget for direct labor for the of April

Answers

Answer:

Direct labour cost budget= $2,610

Explanation:

The direct labor cost budget is a function of the production product budget. The quantity of the product budgeted to be produced would determine the labor cost budget.

Direct labour budget = Production budget × standard hours × standard labour rate per hour

Standard hour = a quarter direct labour = 1/4 hour

Direct labour budget = 870 × 0.1× $12= $2610

Direct labour cost budget= $2,610

J.Crew is planning a new line of jackets for fall. It plans to sell the jackets for $100. It is having the jackets produced in the Dominican Republic. Although J. Crew does not own the factory, its product development and design costs are $400,000. The total cost of the jacket, including transportation to the stores, is $45.
1. What is the breakeven quantity for this item? That is, the number that J. Crew will need to sell in order to not lose money?(Treat product development and design costs [$400,000] as fixed, cost of each jacket including transportation [$45] as unit variable cost)
a. 6.846 jackets
b. 7,273 jackets
c. 9,118 jackets
d. 8,435 jackets
2. What is the breakeven point, in sales revenue dollars?
a. $727,300
b. $684,600
c. $843,500
d. $911,800

Answers

Answer:

Results are below.

Explanation:

To calculate the break-even point in units and dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 400,000 / (100 - 45)

Break-even point in units= 7,273

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 400,000 / 0.55

Break-even point (dollars)= $727,300

Contribution margin ratio= contribution margin / selling price per unit

Contribution margin ratio= 55 / 100= 0.55

Berry Bloom Co is getting ready for Mother's Day and needs to purchase bouquets of flowers which will be sold prior to the holiday. Due to the high demand leading up to Mother's Day, the bouquets of flowers are sold at $20/bouquet. However, after the holiday, the bouquets can only be sold at $10/bouquet. The bouquets of flowers are purchased at $15/bouquet. Berry Bloom Co wants to perform an analysis to determine how many bouquets should be procured in preparation for Mother's Day. This type of problem is called the Group of answer choices Economic Order Quantity Problem Nonlinear Optimization Problem Newsvendor Problem Discriminant Analysis Problem

Answers

Answer:

Berry Bloom Co.

This type of problem that requires Berry to perform an analysis to determine how many bouquets of flowers to procure in preparation for Mother's Day is a:

Newsvendor Problem.

Explanation:

a) Data and Calculations:

Selling price of bouquets of flowers = $20/bouquet

Cost price of bouquets of flowers = $15/bouquet

Profit per bouquet during Mother's Day = $5 ($20 - $15)

After-holiday selling price of the bouquets of flowers = $10/bouquet

Loss per bouquet of flower after the holiday = $5 ($15 - $10)

b) The Newsvendor model describes the challenges facing Berry Bloom as it gets ready for the Mother's Day holiday.  The company must decide the volume of bouquets of flowers to procure prior to the holiday.  The purchase decision becomes a problem because the demand for flowers is not certain, and the company is aware that unsold bouquets will be sold at a loss of $5 per bouquet after the holiday.

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $24,000 and ending work in process inventory of $29,000. During the month, the cost of units transferred out from the department was $159,000. In the department's cost reconciliation report for July, the total cost to be accounted for under the weighted-average method would be:

Answers

Answer: $188000

Explanation:

Based on the information given in the question, the total cost to be accounted for under the weighted-average method would be calculated thus:

Cost of ending work in process inventory = $29,000

Add: Cost of units transferred out = $159,000

Therefore, the total cost to be accounted for will be;

= $29000 + $159000

= $188000

Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs to be $452,000, and direct labor costs to be $2,260,000. Actual overhead costs for the year totaled $419,000, and actual direct labor costs totaled $1,930,000. At year-end, the balance in the Factory Overhead account is a: Multiple Choice $452,000 Credit balance. $386,000 Debit balance. $33,000 Debit balance. $33,000 Credit balance. $419,000 Debit balance.

Answers

Answer:

As overhead was underapplied, the balance in overhead will be $33,000 credit.

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 452,000 / 2,260,000

Predetermined manufacturing overhead rate= $0.2 per direct labor dollar

Now, we can allocate costs:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.2*1,930,000

Allocated MOH= $386,000

Finally, we determine the over/under allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead=  419,000 - 386,000

Underapplied overhead= $33,000

As overhead was underapplied, the balance in overhead will be $33,000 credit.

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