The information below applies to a competitive firm that sells its output for $45 per unit. • When the firm produces and sells 120 units of output, its average total cost is $23.5. • When the firm produces and sells 121 units of output, its average total cost is $23.65. Refer to Scenario 14-2 . Let Q represent the quantity of output. Which of the following magnitudes has the same value at Q = 120 and at Q = 121? a. Total revenue b. Total cost c. Average revenue d. Average fixed cost

Consider the following pair of mortgage loan options for a ?$135,000 mortgage. Which mortgage loan has the larger total cost? (closing costs? + the amount paid for points? + total cost of? interest)? By how? much? Mortgage? A: 20?-year fixed at 12.25?% with closing costs of ?$2400 and 1 point. Mortgage?, B: 20?-year fixed at 11.25?% with closing costs of ?$2400 and 2 points. Choose the correct answer? below,

A. Mortgage B has a larger total cost than mortgage A by ?$ __________

B. Mortgage A has a larger total cost than mortgage B by ?$ ___________

National Corporation needs to set a target price for its newly designed product M15. The following data relate to this new product. Per unit : Direct materials $26, Direct labor $35, Variable manufacturing overhead $13, Variable selling and administrative expenses $6 and then Total is Fixed manufacturing overhead $1,000,000 and Fixed selling and administrative expenses $600,000 These costs are based on a budgeted volume of 80,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 45%.Instructionsa. Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M15 b) Compute the desired profit (ROI) per unit (or the markup per unit on total unit cost) for M15 C) Compute the target selling price for M15. Show all work please thanks

Grippers expects cost of goods sold to average 65% of the current month’s sales and the company expects to sell 4,300 pairs of shoes in March for $240 each.  Grippers’ target ending inventory is $10,000 plus 50% of the next month’s cost of goods sold.

Use this information plus the sales budget from Question 1 to prepare Grippers’ inventory, purchases, and cost of goods sold budget for January and February.

Sales budget from question 1:

Particulars:

Cash Sales in January = 185,000.00

Cash sales in February = 192,500.00

Total = 377,500.00

Credit sales in January = 5,55,000.00

Credit sales in February = 5,77,500.00

Total credit sales = 11,32,500.00

Total Sales in January = 7,40,000.00

Total sales in February = 7,70,000.00

Total = 15,10,000.00

In addition, indicate what the total cost of goods sold will be for the 2 months.

1. cost of goods sold for January is:

2. Cost of goods sold for February is:

3. Total cost of goods sold for the 2 month is:

4. Desired ending inventory for January is:

5. Desired ending inventory for february is:

6. Beginning inventory for January is:

7. Beginning Inventory for February is:

8. Purchases for January are:

9. Purchases for february are:

1. For the Machining Department for July, what TOTAL amount of product costs are to be assigned to the units completed and the units in the ending inventory?

2.What is the total cost of goods manufactured for the Machining Department for July?

3.What is the total cost of the ending work in process inventory for the Machining Department for July?

4. For July what total amount of cost has been assigned to the units completed and the ending work in process (what is the total of the cost of goods manufactured and the cost of the ending work in process inventory)?

additional info:

The beginning work in process inventory of the Machining Department consisted of 3,500 units that were 80% complete as to conversion costs. During July, an additional 14,300 units were started into production. A TOTAL of 16,100 units were completed and transferred out to the Painting Department. The ending work in process inventory consisted of 1,700 units which were 40% complete as to conversion costs. Direct Materials are added at the beginning of the process.

total amount of units the Machining Department accounted for during July-17800

total equivalent units for direct material costs for July- 11300

total equivalent units for conversion costs for July- 11.50

For the Machining Department for July, the cost of the beginning work in process inventory was $96,320. During July, additional costs incurred were direct materials $164,450; direct labor $80,000; and overhead $175,834. Prepare the second section of the production report showing the computation of the per units costs and use this section to answer the next three questions. What is the per unit direct material cost?- 18.30

per unit cost for conversion cost for July- 73.51

Exercise 1-7 Direct and Indirect Costs [LO1-1]

Kubin Company’s relevant range of production is 22,000 to 27,000 units. When it produces and sells 24,500 units, its average costs per unit are as follows:

Required:

1. Assume the cost object is units of production:

a. What is the total direct manufacturing cost incurred to make 24,500 units?

b. What is the total indirect manufacturing cost incurred to make 24,500 units?

2. Assume the cost object is the Manufacturing Department and that its total output is 24,500 units.

a. How much total manufacturing cost is directly traceable to the Manufacturing Department?

b. How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?

3. Assume the cost object is the company’s various sales representatives. Furthermore, assume that the company spent $90,650 of its total fixed selling expense on advertising and the remainder of the total fixed selling expense comprised the fixed portion of the company's sales representatives’ compensation.

a. When the company sells 24,500 units, what is the total direct selling expense that can be readily traced to individual sales representatives?

b. When the company sells 24,500 units, what is the total indirect selling expense that cannot be readily traced to individual sales representatives?

what is the fixed portion of sales representatives' compensation?​

True or false
7. Market analysis determines the profit contributed by market segments of a company and can be analyzed using sales, cost and expenses.......
18. in preparing an operating budget, generally the sales budget begins the process because it estimates the expected level of sales.....
27. A favorable variance is when the actual is greater than standard.........
29. the total manufacturing cost variance is the difference between the total standard costs and the total actual cost for the units produced.......
45. Total variable cost remain the same in total dollar amount........
48. the margin of safety indicates how much sales must decrease before an operating loss occurs.......

1.       In most hotel companies, strategic planning is a series of tasks carried out by the GM and ownership working together to set long-term objectives, and the ways in which these objectives can be achieved by the management team. What is the missing step in this list of steps in the process of linking strategic plans to operational plans? Current Performance ; Market Potential ; _________; Baseline Financial Plan; Tactical Plan; Operating Budget; Funding plan.

a)      Economic Forecast

b)      Risk Assessment

c)       Cash Flow Forecast

d)      Strategy Impact Projects

2.       Select the group of words that is missing from the following statement. “Corporate culture is established at the _____ of an organization and can have a significant impact on the ability of managers to ensure that there is a link between strategy and every day _______ actions. Without such a link, there is a risk that _______ will be seen as only relevant to ______ and _____ ___________. They in turn may be accused of not knowing what is going on in the day to day operations of the business.”

a)      Head Office, Departmental, Management, Shareholders, Financial Institutions

b)      Top, Customer, Strategy; Owners, Senior Management

c)       Head Office, Departmental, Strategy, Owners, Financial Institutions

d)      Top, Departmental, Strategy, Owners, Senior Management

3.       Complete this list of the types of data that a hotel business will need in order to be able to plan effectively: target, budget, actual, ______, benchmark

a)      Estimated

b)      Historical

c)       Forecast

d)      Real

4.       Select the group of words missing from this summary of what represents a good business plan: It provides ownership or their representatives with a clear, whole business view of what needs to be managed. It provides a _______ view of the business within an adaptable planning horizon. It helps operational managers to ______ a short-sighted, departmental view of the business. It achieves a more effective use of ________, including working capital. It provides a framework for _____ management. It also identifies the planning systems and technology required to support performance management and _________.

a)       Birdseye, Avoid, Capital, Risk, Budgeting

b)      Strategic, Create, Capital, Risk, Budgeting

c)       Strategic, Avoid, Capital, Risk, Measurement

d)      Forecast, Avoid, Capital, Risk, Measurement

According to a research​ institution, the average hotel price in a certain year was ​$91.85. Assume the population standard deviation is ​$18.00 and that a random sample of 41 hotels was selected. Complete parts a through d below. a. Calculate the standard error of the mean. sigma Subscript x overbarequals​$ nothing ​(Round to two decimal places as​ needed.) b. What is the probability that the sample mean will be less than ​$93​? Upper P left parenthesis x overbar less than $ 93 right parenthesisequals nothing ​(Round to four decimal places as​ needed.) c. What is the probability that the sample mean will be more than ​$96​? Upper P left parenthesis x overbar greater than $ 96 right parenthesisequals nothing ​(Round to four decimal places as​ needed.) d. What is the probability that the sample mean will be between ​$91 and ​$92​? Upper P left parenthesis $ 91 less than or equals x overbar less than or equals $ 92 right parenthesisequals nothing ​(Round to four decimal places as​ needed.) Enter your answer in each of the answer boxes.