Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying...

Total Cost Method of Product Pricing

Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,500 units of cell phones are as follows:

Variable costs: Fixed costs:
    Direct materials $ 72 per unit     Factory overhead $235,700
    Direct labor 33     Selling and administrative expenses 82,800
    Factory overhead 22
    Selling and administrative expenses 17
         Total variable cost per unit $144 per unit

Smart Stream desires a profit equal to a 15% return on invested assets of $702,520.

a. Determine the total cost and the total cost amount per unit for the production and sale of 6,500 units of cellular phones. Round the cost per unit to two decimal places.

Total cost $ ???
Total cost amount per unit $ ???

b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones.
??? %

c. Determine the selling price of cellular phones. Round to the nearest cent.
$ ??? per cellular phone

In: Accounting

Using a pair of positive and negative test charges describe how you could determine the charge...


Using a pair of positive and negative test charges describe how you could determine the
charge on an object dangling from a rope. That is, outline a procedure to test the charge,
describe possible outcomes of your procedure and state the conclusions each outcome
would lead to.

In: Physics

An electrochemical cell is based on the following two half-reactions: Ox: Pb(s)→Pb2+(aq, 0.19 M )+2e− Red:MnO−4(aq,...

An electrochemical cell is based on the following two half-reactions:
Ox: Pb(s)→Pb2+(aq, 0.19 M )+2e−
Red:MnO−4(aq, 1.65 M )+4H+(aq, 1.9 M )+3e−→
MnO2(s)+2H2O(l)

Compute the cell potential at 25 ∘C.

In: Chemistry

Which transition metal is correctly matched with its highest oxidation state?? A) Cr, 3+? B) Mn,...

Which transition metal is correctly matched with its highest oxidation state??

A) Cr, 3+?

B) Mn, 5+?

C) Ti, 3+

?D) Sc, 3+

?E) Fe, 8+

In: Chemistry

Question 2: What Company do you think is doing the best job providing the ultimate customer...

Question 2:

What Company do you think is doing the best job providing the ultimate customer experience and why? What makes them stand out? type the answer

In: Operations Management

1. Write the difference between a prokaryotic and a Eukaryotic cell based on the following criteria:...

1. Write the difference between a prokaryotic and a Eukaryotic cell based on the following criteria:


Criteria    Prokaryotic cell Eukaryotic Cell

Examples    ---------------------- -------------------
Nucleus -------------------- ---------------------

DNA / Chromosome ----------- -------------------------
  
Membrane enclosed cell organelles -----------------    ------------------
  
Endomembrane system --------------- -------------------

2.  Compare Gram positive and Gram negative bacterial cell wall based on the following Criteria:
Criteria    Gram (+) Cell Wall Gram (-) Cell wall
Peptidoglycan content ------------- -------------------
Teichoic acid    --------------------------- --------------------------
Lipid rich outer membrane -----------------    -----------------------------
Gram stain ----------------------------    ----------------------------------

3. . Write the differences between Passive Transport and active transport.
   Passive Transport Active Transport
Does it need ATP? ---------------------------    -----------------------------------
What is the direction of transport ( driving force)? --------------------------    ------------------------------
  
Transport through phospholipid/ protein / both    ----------------------------    -----------------------------------------
  
Examples    ------------------------------------ -------------------------------------------------

In: Biology

1.Assume that you are the president of your company and paid a year-end bonus according to...

1.Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example to support your answer. Would your choice be the same if prices were falling?

2. Compare and contrast the direct write-off method and the allowance method for bad debts. At a minimum, please consider the following in your answer:

  • When is the expense for uncollected accounts receivable recognized under each method?
  • Why is the direct write-off method not considered to follow generally accepted accounting.

3.Why are the costs of plant/long term assets recovered through depreciation vs. expensed out during the period purchased? Choose one of the following depreciation methods to discuss: straight line, units of production, declining balance. Share how depreciation using this method is calculated and provide an example of when this would be the most ideal method for application.

4.What distinguishes a current liability from a long-term liability? Why is it so important to report these separately? How is this information used in decision making applications?

5.Define coupon and market/effective interest rates as they determine bond pricing at par, premium, or discount values.

In: Accounting

1) A neutron star is the collapsed remains of a massive star after it "dies". Use...

1) A neutron star is the collapsed remains of a massive star after it "dies". Use the law of conservation of angular momentum to explain why the neutron star spins faster than its parent star.

2) Consider lifting a 10-lb bag of flour (~50 N) 3 feet high (~1 m). To equal the power of a 100-W lightbulb, how fast must you lift the flour?

please answer in full, detail sentences

In: Physics

How can we test the origin of life hypothesis “the Spontaneous Abiotic Origin”?

  • How can we test the origin of life hypothesis “the Spontaneous Abiotic Origin”?

In: Biology

Compare the elasticity of a monopolistic competitor’s demand with that of a pure competitor and a...

Compare the elasticity of a monopolistic competitor’s demand with that of a pure competitor and a pure monopolist. Assuming identical long-run costs, compare the prices and outputs that would result in the long run under pure competition and under monopolistic competition. Contrast the two market structures in terms of productive and allocative efficiency. Explain: “Monopolistically competitive industries are populated by too many firms, each of which produces too little.”

In: Economics

Calculate the concentration of all species in a 0.175 M solution of H2CO3. [H2CO3], [HCO?3], [CO2?3],...

Calculate the concentration of all species in a 0.175 M solution of H2CO3.

[H2CO3], [HCO?3], [CO2?3], [H3O+], [OH?]

In: Chemistry

Labor Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard...

Labor Variances Cinturon Corporation produces high-quality leather belts. The company's plant in Boise uses a standard costing system and has set the following standards for materials and labor: Leather (3 strips @ $4) $12.00 Direct labor (0.75 hr. @ $12) 9.00 Total prime cost $21.00 During the first month of the year, the Boise plant produced 92,000 belts. Actual leather purchased was 287,500 strips at $3.90 per strip. There were no beginning or ending inventories of leather. Actual direct labor was 78,600 hours at $12.50 per hour.

Required: 1. Break down the total variance for labor into a rate variance and an efficiency variance using the columnar and formula approaches.

Rate variance $ 39,300

Unfavorable Efficiency variance $ 46,000 Unfavorable ??????

Total variance $ -276,900 Unfavorable ????

2. CONCEPTUAL CONNECTION As part of the investigation of the unfavorable variances, the plant manager interviews the production manager. The production manager complains strongly about the quality of the leather strips. He indicates that the strips are of lower quality than usual and that workers have to be more careful to avoid a belt with cracks and more time is required. Also, even with extra care, many belts have to be discarded and new ones produced to replace the rejects. This replacement work has also produced some overtime demands. What corrective action should the plant manager take? Return to suppliers that provide the quality corresponding to the price standard. Employ more skilled labor at a cost lesser than the savings made by buying cheap material and improve the product quality. There is no need to change anything. The sales are not affected by this low quality of raw material.

1

In: Accounting

Consider the reaction Mg(s)+Fe2+(aq)→Mg2+(aq)+Fe(s) at 69 ∘C , where [Fe2+]= 3.10 M and [Mg2+]= 0.110 M...

Consider the reaction

Mg(s)+Fe2+(aq)→Mg2+(aq)+Fe(s)

at 69 ∘C , where [Fe2+]= 3.10 M and [Mg2+]= 0.110 M .

a)What is the value for the reaction quotient, Q, for the cell?

b) What is the value for the temperature, T, in kelvins?

c) What is the value for n?

d) Calculate the standard cell potential for Mg(s)+Fe2+(aq)→Mg2+(aq)+Fe(s)

In: Chemistry

Java. Write 3 methods named addArrays, subArrays, and mulArrays each. addArrays gets two matrices(int [][] array1,...

Java.

Write 3 methods named addArrays, subArrays, and mulArrays each.

addArrays gets two matrices(int [][] array1, int [][] array2) as parameters and add them and returns the result (matrix).

subArrays gets two matrices(int [][] array1, int [][] array2) as parameters and subtract array2 from array1 and returns the result (matrix).

mulArrays gets two matrices(int [][] array3, int [][] array4) as parameters, multiplying them and returning the result(matrix).

In: Computer Science

A solution contains 1.20×10-2 M zinc acetate and 8.67×10-3 M copper(II) nitrate. Solid potassium sulfide is...


A solution contains 1.20×10-2 M zinc acetate and 8.67×10-3 M copper(II) nitrate.
Solid potassium sulfide is added slowly to this mixture.

A. What is the formula of the substance that precipitates first?

formula =_____________

B. What is the concentration of sulfide ion when this precipitation first begins?
[S2-] =____________ M
  

In: Chemistry