Question
In: Accounting
Marigold Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $36000...
Marigold Corp. has gathered the following information concerning
one model of shoe:
| Variable manufacturing costs | $36000 |
| Variable selling and administrative costs | $10000 |
| Fixed manufacturing costs | $160000 |
| Fixed selling and administrative costs | $120000 |
| Investment | $1700000 |
| ROI | 30% |
| Planned production and sales | 4000 pairs |
What is the target selling price per pair of shoes?
| $177 |
| $209 |
| $139 |
| $198 |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month...
Wyckam Manufacturing Inc. has provided the following information
concerning its manufacturing costs:
Fixed Cost
per Month
Cost per
Machine-Hour
Direct materials
$
5.50
Direct labor
$
42,900
Supplies
$
0.40
Utilities
$
2,000
$
0.25
Depreciation
$
14,900
Insurance
$
11,900
For example, utilities should be $2,000 per month plus $0.25 per
machine-hour. The company expects to work 4,200 machine-hours in
June. Note that the company’s direct labor is a fixed cost.
Required:
Prepare the company’s planning budget for June....
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month...
Wyckam Manufacturing Inc. has provided the following information
concerning its manufacturing costs:
Fixed Cost
per Month
Cost per
Machine-Hour
Direct materials
$
5.50
Direct labor
$
42,000
Supplies
$
0.10
Utilities
$
1,400
$
0.25
Depreciation
$
15,400
Insurance
$
11,300
For example, utilities should be $1,400 per month plus $0.25 per
machine-hour. The company expects to work 4,400 machine-hours in
June. Note that the company’s direct labor is a fixed cost.
Required:
Prepare the company’s planning budget for June....
Marigold Company is a multiproduct firm. Presented below is information concerning one of its products, the...
Marigold Company is a multiproduct firm. Presented below is
information concerning one of its products, the Hawkeye.
Date
Transaction
Quantity
Price/Cost
1/1
Beginning inventory
1,400
$14
2/4
Purchase
2,400
21
2/20
Sale
2,900
35
4/2
Purchase
3,400
27
11/4
Sale
2,600
38
(a)
Calculate average-cost per unit. (Round answer to 4
decimal places, e.g. 2.7613.)
Average-cost per unit
Find all of these:
a) Periodic System, FIFO cost flow, (b) Perpetual System, FIFO
Cost Flow
(c) Periodic System, LIFO Cost Flow...
Economic Evaluation problem: The following information has been gathered on the costs and effectiveness of the...
Economic Evaluation problem:
The following information has been gathered on the costs and
effectiveness of the two treatments, A and B. In this problem,
costs and consequences are not discounted.
Treatment A
Treatment B
Mortality rate
2%
5%
Life expectancy for survivors
20 years
10 years
Initial treatment cost
$10,000
$3,000
Follow up costs, year 1
$5,000
$1,000
Annual follow up costs, all subsequent years
$1,000
$500
What is the total cost for the survivors receiving treatment
A?
What is...
For Questions 14-19 The following information has been gathered on the costs and effectiveness of the...
For Questions 14-19
The following information has been gathered on the costs and
effectiveness of the two treatments, A and B.
Treatment A
Treatment B
Mortality rate
2%
5%
Life expectancy for survivors
10 years
6 years
Initial treatment cost
$8,000
$4,000
Annual follow up costs
$1,000
$800
14. What is the total cost for the survivors
receiving treatment A?
A.
$8,000
B.
$10,000
C.
$18,000
D.
$20,000
1 points
QUESTION 15
What is the total cost for decedents...
Marigold Corp. and its divisions are engaged solely in manufacturing operations. The following data pertain to...
Marigold Corp. and its divisions are engaged solely in
manufacturing operations. The following data pertain to the
segments in which operations were conducted for the year ended
December 31, 2018.
Assets
Industry
Revenue
Profit
12/31/18
A
$ 8010000
$1315000
$15920000
B
6740000
1122000
13840000
C
5010000
960000
10110000
D
2300000
440000
5210000
E
3320000
539000
5680000
F
1200000
180000
2410000
$26580000
$4556000
$53170000
In its segment information for 2018, how many reportable segments
does Marigold have?
A.
Three
B.
Four...
Information concerning Marigold Corporation’s intangible assets is as follows. 1. On January 1, 2017, Marigold signed...
Information concerning Marigold Corporation’s intangible assets
is as follows.
1.
On January 1, 2017, Marigold signed an agreement to operate as
a franchisee of Hsian Copy Service, Inc. for an initial franchise
fee of $80,000. Of this amount, $16,000 was paid when the agreement
was signed, and the balance is payable in 4 annual payments of
$16,000 each, beginning January 1, 2018. The agreement provides
that the down payment is not refundable and no future services are
required of the...
Information concerning Marigold Corporation’s intangible assets is as follows. 1. On January 1, 2017, Marigold signed...
Information concerning Marigold Corporation’s intangible assets
is as follows.
1.
On January 1, 2017, Marigold signed an agreement to operate as
a franchisee of Hsian Copy Service, Inc. for an initial franchise
fee of $80,000. Of this amount, $16,000 was paid when the agreement
was signed, and the balance is payable in 4 annual payments of
$16,000 each, beginning January 1, 2018. The agreement provides
that the down payment is not refundable and no future services are
required of the...
You are provided with the following information for Marigold Corp., effective as of its April 30,...
You are provided with the following information for Marigold
Corp., effective as of its April 30, 2017, year-end.
Accounts payable
$ 854
Accounts receivable
920
Accumulated depreciation—equipment
670
Cash
1,380
Common stock
1,230
Cost of goods sold
1,080
Depreciation expense
315
Dividends
345
Equipment
2,530
Income tax expense
185
Income taxes payable
155
Insurance expense
230
Interest expense
420
Inventory
1,077
Land
3,210
Mortgage payable
3,610
Notes payable
171
Prepaid insurance
80
Retained earnings (beginning)
1,600
Salaries and wages expense...
Overton Company has gathered the following information.
Overton Company has gathered the following information.Units in beginning work in process21,100Units started into production184,900Units in ending work in process24,700Percent complete in ending work in process: Conversion costs60% Materials100%Costs incurred: Direct materials$103,000 Direct labor$263,576 Overhead$187,500Compute equivalent units of production for materials and for
conversion costs.MaterialsConversion CostsThe equivalent units of production Determine the unit costs of production. (Round unit
costs to 2 decimal places, e.g. 2.25.)MaterialsConversion CostsUnit costs$$ Show the assignment of costs to units transferred out and in
process.Transferred out$Ending work in process$
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