process‚ beginning: Units in beginning work-in-process inventory | 400 | Materials costs | $6‚900 | Conversion costs | $2‚500 | Percentage complete for materials | 80% | Percentage complete for conversion | 15% | Units started into production during the month | 6‚000 | Units transferred to the next department during the month | 5‚000 | Materials costs added during the month | $112‚500 | Conversion costs added during the month | $210‚300 | Ending work in process: Units in ending work-in-process
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follows. Cost Items and Account Balances $ Administrative salaries 15‚500 Advertising for helmets 11‚000 Cash ‚ December 1 0 Depreciation – Factory Building 1‚500 Depreciation – Office Equipment 800 Insurance – Factory Building 1‚500 Miscellaneous expenses - Factory 1‚000 Office supplies expense 300 Professional Fees 500 Property Taxes - Factory Building 400 Raw material used 70‚000 Rent on production equipment 6‚000 Research & development 10‚000 Sales commission 40‚000 Utility Costs - Factory
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BUSINESS MATHEMATICS: ASSIGNMENT - “Section” 5.1‚ page 182. (1) Write the general form of a linear function involving five independent variables. (2) Assume that the salesperson in Example 1 (page 177) has a salary goal of $800 per week. If product B is not available one week‚ how many units of product A must be sold to meet the salary goal? If product A is unavailable‚ how many units be sold of product B? (3) Assume in Example 1 (page 177) that the salesperson receives a bonus when combined
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Analysis Understand how cost behavior and cost-volume-profit analysis are used by managers. 2 Questions Addressed by CVP Analysis How much must I sell to earn my desired income? How will income be affected if I reduce selling prices to increase sales volume? What will happen to profitability if I expand capacity? 3 Cost-Profit-Volume Analysis What is cost-volume-profit analysis? It is the study of the effects of output volume on revenue (sales)‚ expenses (costs)‚ and net income (net profit)
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Energy Drinks: Stuff that Kills When most people comsume an energy drink‚ they don’t realize that the short burst of energy that it gives them can also kill them. Energy drinks are an easy way for people to get the energy that they need in 5-10 minutes. If they are feeling sluggish‚ then they can just grab a can of an energy drink. Energy drink can be found almost anywhere: in the gas station‚ at the store‚ and even in some schools. Most schools are banning energy drinks they still
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MARKETING PLAN TIGER ENERGY DRINK STAY FOCUSED 1.0. Executive Summary Tiger Energy Drink offers their consumers “a unique product endowed with different usage alternatives” providing a beverage focused on positive effects of an energy drink and guarana with an amazing sweet taste. Tiger Energy Drink is an alternative to tea and coffee and can be consumed cold or hot depending on the preference. It has a very sweet taste -not too much intense- and can be consumed as a regular beverage
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Variable costs are those costs that increase as the output the restaurant increases. As example‚ assume for the Teen Burger Direct Materials cost $1.50 per burger. A day with one thousand burgers sold would cost of $1500 dollars. In comparison‚ a day with two thousand burgers sold would cost $3000 dollars. While the cost per Teen Burger remains constant the total cost per day varies with the output each given day. Electricity costs would increase in the same fashion as each time a burger is cooked
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Manufacturing‚ Inc. produces snow shovels. The selling price per snow shovel is $30. There is no beginning inventory. Costs involved in production are: Direct material $5 Direct labor $4 Variable manufacturing overhead $3 Total variable manufacturing costs per unit $12 Fixed manufacturing overhead cost per year $180‚000 In addition‚ the company has fixed selling and administrative costs of $160‚000 per year. Exercise 5-11. During the year‚ Summit produces 50‚000 snow shovels and sells 45‚000
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Mixing Alcohol and Energy Drinks In recent years the consumption of energy drinks combined with alcohol has become popular for young adults in North America. Energy drinks are caffeinated beverages that intend to provide a burst of energy and/or enhance alertness. The principle active ingredients in energy drinks are caffeine‚ high doses of sugar (or a sugar substitute)‚ they generally include B vitamins‚ an amino acid‚ and plant/herbal extracts. Alcohol is a highly addictive and most commonly
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marks = ________ % Grade: Question I: Identification: Fill in the blanks the correct answer. You are having a dress shop‚ indicate the proper classification of cost behavior whether it is VARIABLE or FIXED for each of the following items below: |Cost Element |Cost Behavior | |Material used to make shirts |
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