Homework Answers
Statement showing cost per unit
| Firm A | Firm B | Firm C | Firm D | |
| No of units produced | 400000 | 20000 | 60000 | 125000 |
| Total annual production cost | 400000 | 80000 | 180000 | 250000 |
| Cost per unit | 1 | 4 | 3 | 2 |
The above data suggest that as firm's production increases cost per unit decreases means it can offer it's product at lower selling price. For example Firm A can sell it's product for $2 as it's cost per unit is only 1 $, however none of other firms can sell their product at $2,
When barriers to establishing a new profitable business are easy to overcome than market is said to hav low barriers to entry and When barriers to establishing a new profitable business are difficult to overcome than market is said to have high barriers to entry
Here it seems that firm A enjoys economies of scale and thus can sell it's product at price lower than producing cost of new enterant, hence it will be difficult for the new enterant to establishing a new profitable business . Thus it seems that market has high barriers to entry
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4. Please examine the cost data below and explain whether you believe that this data suggests...
Please find these numbers and explain the reasons. Thank you. T2-2 Processing costing: Cost flows (LO...
Please find these numbers and explain the
reasons.
Thank you.
T2-2 Processing costing: Cost flows (LO 2) Fill in the missing data (ignore indirect materials). Beginning balance Materials purchased Direct materials used Conversion costs incurred Transfers of completed units Cost of goods sold Ending balance Raw Materials Inventory WIP-Department 1 WIP-Department 1 WIP–Department 2 WIP- Finished Goods Inventory $150,000 $ 60,000 $ 51,000 $250,000 805,000 $800,000 630,000 516,000 180,000 $1,100,000 d. c. gra $ 31,000 $150,000
-Page Break Ex. 174 Henderson Farms reports the following results for the month of November: Sales (10,000 units...
-Page Break Ex. 174 Henderson Farms reports the following results for the month of November: Sales (10,000 units) $600,000 Variable costs 420,000 Contribution margin 180,000 Fixed costs 110,000 Net income $ 70.000 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66 % of sales. 3. Reduce fixed costs by $10,000. Instructions If maximizing net income is the...
please answer A - E! Thank you! 2-20 Scattergraph; high-low method; cost estimation (LO 2) The...
please answer A - E! Thank you!
2-20 Scattergraph; high-low method; cost estimation (LO 2) The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $3,500 February 35,000 $3,200 March 60,000 $4,100 April 80,000 $5,100 May 85,000 $5,600 June 75,000 $4,800 July 82,000 $5,300 August 105,000 $6,000 Required a. Prepare a scattergraph of the cost information and then choose a...
1. The following data shows utilities cost for Nadeau Inc. based on difference level of bakery...
1. The following data shows utilities cost for Nadeau Inc. based on difference level of bakery items sold: Utility Cost Bakery items sold $6,400 98,000 $5,100 75,000 $7,035 118,000 $5,650 80,000 What is the amount of fixed cost that Nadeau Inc. must pay for utilities? a. $5,310 b. $3,375 c. $1,950 d. $1,725 e. None of the above. 2. All materials are introduced at the beginning of production; conversion cost is incurred evenly through manufacturing. The weaving Dept. had 2,000...
Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the...
Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. Total Total Total Machine Units Lumber Utilities Depreciation Produced Cost Cost Cost 15,000 shelves $180,000 $19,250 $140,000 30,000 shelves 360,000 36,500 140,000 60,000 shelves 720,000 71,000 140,000 75,000 shelves 900,000 88,250 140,000 1. Determine whether the costs in the table are...
Please answer the following: Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply...
Please answer the following: Cost-Volume-Profit Relations: Missing Data Following are data from 4 separate companies. Supply the missing data in each independent case Case A Case B Case C Case D Unit Sales 1,000 800 Answer Answer Sales revenue $20,000 Answer Answer $60,000 Variable cost per unit $10 $2 $13 Answer Contribution margin Answer $800 Answer Answer Fixed Costs $7,500 Answer $80,000 Answer Net income Answer $700 Answer Answer Unit contribution margin Answer Answer Answer $19 Break-even point (units) Answer...
There are 7 easy fundamental economic questions, it will cost you 30 seconds each, please answer...
There are 7 easy fundamental economic questions, it will cost
you 30 seconds each, please answer all of them and then I will give
positive feedback to you , thank you
36 Which type of merger aims to ensure control of retail outlets? A Conglomerate B Horizontal C Vertical backwards D Vertical forwards 37 A confectionery manufacturer buys a local newspaper. What type of merger is this? A Conglomerate integration B Horizontal integration C Vertical integration backwards D Vertical integration...
Chapter 14 Practice Test Question 16 13 Ratios Using the firm's data provided below explain why...
Chapter 14 Practice Test Question 16 13 Ratios Using the firm's data provided below explain why the firm's ROA is less than the industry average of 59% given that the industry average asset turnover is 1.22 4 points $150 (mil) 70 15 $125 30 $ 35 Sales Skipped EBIT Interest Expense Assets Equity еВоok Net Profit Print Multiple Choice References The firm uses less debt than the industry. The firm is not generating enough sales from assets and has too...
15. When using the regression method of cost estimation: all actual data points must all fall...
15. When using the regression method of cost estimation: all actual data points must all fall on the line produced by the regression the line is mathematically fit to the data points and a goodness of fit measure is produced total fixed costs will always be the same as those produced by the high low method no analysis of historical data is necessary 16. Holding all other factors constant, a decrease in the unit variable cost will: a. increase the...
Please explain thank you The management of Swifty Manufacturing Company is trying to decide whether to...
Please explain thank you
The management of Swifty Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part, called CISco component of the company's finished product The following information was collected from the accounting records and production data for the year ending December 31, 2020 1. 7,900 units of CISCO were produced in the Machining Department. 2. Variable manufacturing costs applicable to the production of each CISCO unit...
Please find these numbers and explain the
reasons.
Thank you.
T2-2 Processing costing: Cost flows (LO 2) Fill in the missing data (ignore indirect materials). Beginning balance Materials purchased Direct materials used Conversion costs incurred Transfers of completed units Cost of goods sold Ending balance Raw Materials Inventory WIP-Department 1 WIP-Department 1 WIP–Department 2 WIP- Finished Goods Inventory $150,000 $ 60,000 $ 51,000 $250,000 805,000 $800,000 630,000 516,000 180,000 $1,100,000 d. c. gra $ 31,000 $150,000
-Page Break Ex. 174 Henderson Farms reports the following results for the month of November: Sales (10,000 units) $600,000 Variable costs 420,000 Contribution margin 180,000 Fixed costs 110,000 Net income $ 70.000 Management is considering the following independent courses of action to increase net income. 1. Increase selling price by 5% with no change in total variable costs. 2. Reduce variable costs to 66 % of sales. 3. Reduce fixed costs by $10,000. Instructions If maximizing net income is the...
please answer A - E! Thank you!
2-20 Scattergraph; high-low method; cost estimation (LO 2) The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $3,500 February 35,000 $3,200 March 60,000 $4,100 April 80,000 $5,100 May 85,000 $5,600 June 75,000 $4,800 July 82,000 $5,300 August 105,000 $6,000 Required a. Prepare a scattergraph of the cost information and then choose a...
1. The following data shows utilities cost for Nadeau Inc. based on difference level of bakery items sold: Utility Cost Bakery items sold $6,400 98,000 $5,100 75,000 $7,035 118,000 $5,650 80,000 What is the amount of fixed cost that Nadeau Inc. must pay for utilities? a. $5,310 b. $3,375 c. $1,950 d. $1,725 e. None of the above. 2. All materials are introduced at the beginning of production; conversion cost is incurred evenly through manufacturing. The weaving Dept. had 2,000...
Cost Behavior Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. Total Total Total Machine Units Lumber Utilities Depreciation Produced Cost Cost Cost 15,000 shelves $180,000 $19,250 $140,000 30,000 shelves 360,000 36,500 140,000 60,000 shelves 720,000 71,000 140,000 75,000 shelves 900,000 88,250 140,000 1. Determine whether the costs in the table are...
There are 7 easy fundamental economic questions, it will cost
you 30 seconds each, please answer all of them and then I will give
positive feedback to you , thank you
36 Which type of merger aims to ensure control of retail outlets? A Conglomerate B Horizontal C Vertical backwards D Vertical forwards 37 A confectionery manufacturer buys a local newspaper. What type of merger is this? A Conglomerate integration B Horizontal integration C Vertical integration backwards D Vertical integration...
Chapter 14 Practice Test Question 16 13 Ratios Using the firm's data provided below explain why the firm's ROA is less than the industry average of 59% given that the industry average asset turnover is 1.22 4 points $150 (mil) 70 15 $125 30 $ 35 Sales Skipped EBIT Interest Expense Assets Equity еВоok Net Profit Print Multiple Choice References The firm uses less debt than the industry. The firm is not generating enough sales from assets and has too...
15. When using the regression method of cost estimation: all actual data points must all fall on the line produced by the regression the line is mathematically fit to the data points and a goodness of fit measure is produced total fixed costs will always be the same as those produced by the high low method no analysis of historical data is necessary 16. Holding all other factors constant, a decrease in the unit variable cost will: a. increase the...
Please explain thank you
The management of Swifty Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part, called CISco component of the company's finished product The following information was collected from the accounting records and production data for the year ending December 31, 2020 1. 7,900 units of CISCO were produced in the Machining Department. 2. Variable manufacturing costs applicable to the production of each CISCO unit...
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