hello
BioPharm corporation manufactures aspirin (a pharmaceutical product). The following are information are related to the production and selling of 500,000 units of aspirin: Amount in $ Revenue 30,000,000 Cost of goods sold 51% of revenue Marketing cost ?? Operating income 6,700,000 You also Knew the following information : - The company has only two costs which are: Cost of goods sold and marketing costs - Only $3,680,000 of Cost of goods sold are Variable - Marketing cost represent the amount the company pays to its salespeople - The company pays to its salespeople fixed salaries of 2,300,000 and commission of 19% of revenues. Based on the previous information , Answer the following : 1. calculate contribution margin 2. calculate Contribution margin percentage 3. calculate contribution margin per unit 4. using excel represent the C-V-P graph and identify based on it the BEP, when the company losses and when it will have profits.
i need solve that as sooon as
tonight
plz jelpe me and answer of all question
#mangeiral accounting
In: Accounting
Cost Accounting Ltd manufactures three products. The company allocates overhead costs as a rate per total direct labour hour.
The following cost driver values have been identified:
Machine hours / unit Production units Percentage of expert work Number of orders packed Labour hours
Alpha
0.70 5 000 30% 4
1 200
Beta
0.30 3 500 20% 8 800
Gamma
0.50 8 000 50% 23 1 500
An analysis of the manufacturing overhead cost for the period shows the following:
Activities
Machine costs Expert consultation Packing
Total
Overhead cost
265 000 98 500 15 000
378 500
|
Required |
Marks |
|
|
7.1 |
Calculate the overhead rate that they are currently applying to the products. |
1.5 |
|
7.2 |
Allocate the manufacturing overhead costs using principles of activity based costing. |
12 |
|
7.3 |
Why is activity based costing considered for manufacturing overhead cost allocation? |
|
In: Accounting
Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing. The cost and expenses of producing and selling 50,000 units of Product K are as follows:
| Variable costs: | |
| Direct materials | $5.00 |
| Direct labor | 8.50 |
| Factory overhead | 2.50 |
| Selling and administrative expenses | 1.00 |
| Total | $17.00 |
| Fixed costs: | |
| Factory overhead | $50,000 |
| Selling and administrative expenses | 34,000 |
Tidewater desires a profit equal to a 10% rate of return on invested assets of $1,285,000.
a. Determine the amount of desired profit from
the production and sale of Product K.
$ 128,500
b. Determine the total manufacturing costs and the cost amount per unit for the production and sale of 50,000 units of Product K.
| Total manufacturing costs | $850,000 |
| Cost amount per unit | $17 |
c. Determine the markup percentage for Product
K.
%
d. Determine the selling price of Product K.
Round your answer to two decimal places.
$21.25
I'm having trouble with C.
In: Accounting
XYZ just deposited $3,500 in an account that will earn 7.2 percent per year in compound interest for 8 years. If Jelena deposits $4,000 in an account in 3 years that earns simple interest, then how much simple interest per year must Jelena earn to have the same amount of money in 8 years from today as XYZ will have in 8 years from today?
a. 6.58% (plus or minus .02 percentage points)
b. 10.52% (plus or minus .02 percentage points)
c. 8.82% (plus or minus .02 percentage points)
d. 12.02% (plus or minus .02 percentage points)
e. None of the above is within .02 percentage points of the correct answer
In: Finance
Owners of an economy motel chain are considering building a new 200-unit motel in Riverside, CA. The present worth cost of building the motel is $8,000,000; the firm estimates furnishings for the motel will cost an additional $800,000 and will require replacement every 5 years. Annual operating and maintenance costs for the facility are estimated to be $800,000. The average rate for a unit is anticipated to be $60/day. A 15-year planning horizon is used by the firm in evaluating new ventures of this type; a terminal salvage value of 15% of the original building cost is anticipated; furnishings are estimated to have no salvage value at the end of each 5-year replacement interval. Assume an average daily occupancy percentage of 80%, a MARR of 12%, 365 operating days/year, and ignore the cost of the land. (Assume the furnishings are not replacement at EOY 15.)
What is the present worth, internal rate of return, external rate of return?
Please answer all parts of the question, and include a cashflow diagram.
In: Finance
Bilco Fabrication manufactures one product, a low-cost car battery. Cost analysis by the accounting department has determined that the variable cost per unit is $12. Bilco’s fixed costs amount to $792,480 annually. The company is projecting data based on a sales price of $20. Use the above data to answer the following:
* Calculate Bilco’s break-even point in number of units.
* Figure the level of sales that Bilco would have to achieve to reach a target income of $150,000. Indicate your answer in dollars of sales.
* What is Bilco’s Degree of operating leverage at 125,000 batteries? If sales were to increase by 8%, how much would Net Income increase by (b-% c-$)?
a. _______________ b. _________________ c. _________________
* Indicate the company’s margin of safety at a projected level of sales of 125,000 units sold, stated in (a) dollars of sales, and (b) as a percentage of sales and (c) units.
a. _______________ b. _________________ c. _________________
In: Accounting
Davis Industries must choose between a gas-powered and an electric-powered forklift truck for moving materials in its factory. Because both forklifts perform the same function, the firm will choose only one. (They are mutually exclusive investments.) The electric-powered truck will cost more, but it will be less expensive to operate; it will cost $21,500, whereas the gas-powered truck will cost $17,960. The cost of capital that applies to both investments is 13%. The life for both types of truck is estimated to be 6 years, during which time the net cash flows for the electric-powered truck will be $6,860 per year, and those for the gas-powered truck will be $4,600 per year. Annual net cash flows include depreciation expenses. Calculate the NPV and IRR for each type of truck, and decide which to recommend.
Do not round intermediate calculations. Round the monetary values to the nearest dollar and percentage values to two decimal places.
In: Finance
Hummingbird Company uses the product cost concept of applying
the cost-plus approach to product pricing. The costs and expenses
of producing 25,000 units of Product K are as follows:
| Variable costs: | ||
| Direct materials | $2.50 | |
| Direct labor | 4.25 | |
| Factory overhead | 1.25 | |
| Selling and administrative expenses | 0.50 | |
| Total | 8.50 | |
| Fixed costs: | ||
| Factory overhead | $25,000 | |
| Selling and administrative expenses | 17,000 |
Hummingbird desires a profit equal to a 5% rate of return on invested assets of $642,500.
a. Determine the amount of desired profit from
the production and sale of Product K.
$_________
b. Determine the total manufacturing costs and the cost amount per unit for the production of 25,000 units of Product K.
| Total manufacturing costs | $_________ |
| Cost amount per unit | $_________ |
c. Determine the markup percentage for Product
K. Round your answer to one decimal place.
%__________
d. Determine the selling price of Product K.
Round your answer to two decimal places.
$_________
In: Accounting
In this problem you will calculate the CPI for the average urban consumer and for Jane using the prices for year 1 and year 2. The basket numbers represent the percentage of each dollar that is devoted to each good (written in decimal form). Assume year 1 is the base year. Round to two decimal places.
|
Average Basket |
Jane’s Basket |
Price 1 |
Price 2 |
|
|
Housing |
0.40 |
0.38 |
$900 |
$945 |
|
Food |
0.18 |
0.17 |
$200 |
$204 |
|
Transportation |
0.18 |
0.10 |
$150 |
$160 |
|
Medical |
0.08 |
0.02 |
$120 |
$160 |
|
Education |
0.04 |
0.10 |
$150 |
$158 |
|
Clothing/Fun |
0.12 |
0.23 |
$100 |
$100 |
For the average person, the cost of the basket in year 1 is $ __ and the cost of the basket in year 2 is $ __ .
For the average person, the CPI in year 1 is __ and the CPI in year 2 is __ .
For the Jane, the cost of the basket in year 1 is $ __ and the cost of the basket in year 2 is $ __ .
For the Jane, the CPI in year 1 is __ and the CPI in year 2 is __ .
In: Economics
The coronavirus is hitting businesses and their employees. Some businesses are still open and millions of employees are working to serve customers. Some of the employees work in their workplaces while some others work from home. Almost all employees worry whether they will lose their jobs or if they will have a pay cut. It is obvious that unemployment will rise because millions of employees will lose their jobs and the remaining employees may have a pay cut (10, 20, 30, 50%) depending on the position in his/her workplace.
Because of the coronavirus, the business environment has started to change. It is becoming a challenging fast-changing environment. Currently, many managers are faced with difficulties. In the near future and in the long run, they will need to deal with important issues.
Lastly, you have to remember that one can easily manage firms during prosperous times but effective managers flourish during difficult times.
Below is a sample list of terms that you can use when answering the questions.
Job security and protection; Employee morale; Employee stress; Anxiety; Employee wellness; Effective decision making; Work performance; Key competencies; Productive employees; Quality of work produced; Work-life balance; Mental health; Employees in a high-risk health category; Illness; Government sector; Health sector; Security forces.
Q1-What should managers do to manage employees and minimize the negative effects of the coronavirus on employees? Discuss the major OB issues faced by managers when dealing with employees who are currently working and the major OB issues that managers need to handle in the near future.
Q2-What would be the possible changes and developments in the workforce and workplace diversity in the near future and in the long run? Discuss.
Q3-How should managers handle an employee that is unable to work due to age or health issues?
In: Operations Management