A chemical company produces a special industrial chemical that is a blend of three chemical ingredients....
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.)
| Cost per Pound ($) | |||
|---|---|---|---|
| Ingredient | Beginning | Ending | Quantity
(pounds) per 100 Pounds of Product |
| A | 2.50 | 3.95 | 25 |
| B | 8.75 | 9.90 | 10 |
| C | 0.99 | 0.90 | 50 |
(a) Compute the price relatives for the three ingredients.
| Item | Price Relative |
|---|---|
| A | |
| B | |
| C |
(b) Compute a weighted average of the price relatives to develop a one-year cost index for raw materials used in the product.
I =
What is your interpretation of this index value?
Cost of raw materials is up _______ % for the chemical.
Homework Answers
| Price relative =Ending price/Beginning Price |
| Price relative | |
| A | 158.0 |
| B | 113.1 |
| C | 90.9 |
(please try 158 ,113 ,91 if required to whole numbers)
b)
| I2009 =((Σptqo/(Σpoqo))*100= | 121.7 | ||
| Cost of raw materials is up 21.7% for the chemical. |
Add Answer to:
A chemical company produces a special industrial chemical that
is a blend of three chemical ingredients....
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients....
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Ingredient Beginning Ending Quantity (pounds) per 100 Pounds of Product A 2.50 3.45 25 B 8.75 9.90 15 с 0.99 0.90 50 (a) Compute the price relatives for the three ingredients. Item Price Relative B с (b) Compute...
A chemical company produces a special industrial chemical that is a blend of three chemical ingre...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound (S) Quantity (pounds) per 100 Pounds of Product Ingredient Beginning Ending 2.50 3.45 25 9.90 8.75 0.99 0.95 70 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price...
A chemical company produces a special industrial chemical that is a blend of three chemical ingre...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Quantity (pounds) Ingredient Beginning Ending per 100 Pounds of Product 25 15 50 1.50 8.75 9.90 0.99 0.95 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price...
The Mitchell Chemical Company produces a special industrial chemical that is a blend of three chemical...
The Mitchell Chemical Company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. Cost per Pound ($) Ingredient Beginning Ending Quality (pounds) per 100 Pounds of product A 2.50 3.95 25 B 8.75 9.90 15 C .99 .95 60 A. Compute the price relatives for the three ingredients. B. Compute a weighted average of the price relatives to develop a one...
1. The Whitewave dairy company produces three cheese spreads- Regular, Zesty and Superior. The cheese spreads...
1. The Whitewave dairy company produces three cheese spreads- Regular, Zesty and Superior. The cheese spreads are packaged in 4 pound containers, which are then sold to distributors throughout the Northeast. The Regular blend must have at least 5% extra sharp cheddar, the Zesty blend must contain at least 24% extra sharp cheddar and the Superior blend must contain at least 30% extra sharp cheddar. The company has orders for 3500 containers of Regular, 4500 containers of Zesty and 1000...
Brief Exercise 23-2 Tang Company accumulates the following data concerning raw materials in making its finished...
Brief Exercise 23-2
Tang Company accumulates the following data concerning raw
materials in making its finished product: (1) Price per pound of
raw materials—net purchase price $2.92, freight-in $0.38, and
receiving and handling $0.24. (2) Quantity per gallon of finished
product—required materials 3.21 pounds, allowance for waste and
spoilage 0.90 pounds.
Compute the following. (Round answers to 2 decimal
places, e.g. 1.25.)
(a)
Standard direct materials price per pound of raw
materials.
$
(b)
Standard direct materials quantity per gallon....
6. 1.0points Agnew Chemical Company makes three products, B7, K6, and x9, which are joint products...
6. 1.0points Agnew Chemical Company makes three products, B7, K6, and x9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively Required: Allocate the joint product cost among the three final products...
Problems 27-29 (16 points cach) 1. Bannon, Inc, makes yogurt using two ingredients: milk and fruit...
Problems 27-29 (16 points cach) 1. Bannon, Inc, makes yogurt using two ingredients: milk and fruit (disregard packaging Bannon preparing an operating budget for January 2020: Instructions: a) Prepare a production budget for the month of January 2020. Use the following Budgeted unit Sales Beginning Finished Goods Inventory Desired Ending Finished Goods laventory 128,000 units (0.50 pound containers 20,000 units 32.000 units b) Prepare two direct materials (DM) chases bedects for the month of January 2020. Use 140.00 product units...
need answer for this question Ferrier Chemical Company makes three products, B7, K6, and X9, which...
need answer for this question Ferrier Chemical Company makes three products, B7, K6, and X9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively. Required Allocate the joint product cost among the...
Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution...
Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow: Product B Seing price $200 $300 $280 Variable expenses Direct materials Other variable expenses 28 70 35 112110175 Total variable expenses 140 $ 60 180 $120 210 $ 70 Contribution margin Contribution margin ratio 30% 40% 25% The same raw materials used in all three products. Barlow Company has only 5.600 pounds of raw material on...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Ingredient Beginning Ending Quantity (pounds) per 100 Pounds of Product A 2.50 3.45 25 B 8.75 9.90 15 с 0.99 0.90 50 (a) Compute the price relatives for the three ingredients. Item Price Relative B с (b) Compute...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound, and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound (S) Quantity (pounds) per 100 Pounds of Product Ingredient Beginning Ending 2.50 3.45 25 9.90 8.75 0.99 0.95 70 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price...
A chemical company produces a special industrial chemical that is a blend of three chemical ingredients. The beginning-year cost per pound, the ending-year cost per pound and the blend proportions follow. (Round your answers to the nearest integer.) Cost per Pound ($) Quantity (pounds) Ingredient Beginning Ending per 100 Pounds of Product 25 15 50 1.50 8.75 9.90 0.99 0.95 (a) Compute the price relatives for the three ingredients. Item Price Relative (b) Compute a weighted average of the price...
Brief Exercise 23-2
Tang Company accumulates the following data concerning raw
materials in making its finished product: (1) Price per pound of
raw materials—net purchase price $2.92, freight-in $0.38, and
receiving and handling $0.24. (2) Quantity per gallon of finished
product—required materials 3.21 pounds, allowance for waste and
spoilage 0.90 pounds.
Compute the following. (Round answers to 2 decimal
places, e.g. 1.25.)
(a)
Standard direct materials price per pound of raw
materials.
$
(b)
Standard direct materials quantity per gallon....
6. 1.0points Agnew Chemical Company makes three products, B7, K6, and x9, which are joint products from the same materials. In a standard batch of 150,000 pounds of raw materials, the company generates 35,000 pounds of B7, 75,000 pounds of K6, and 40,000 pounds of X9. A standard batch costs $600,000 to produce. The sales prices per pound are $6, $10, and $16 for B7, K6, and X9, respectively Required: Allocate the joint product cost among the three final products...
Problems 27-29 (16 points cach) 1. Bannon, Inc, makes yogurt using two ingredients: milk and fruit (disregard packaging Bannon preparing an operating budget for January 2020: Instructions: a) Prepare a production budget for the month of January 2020. Use the following Budgeted unit Sales Beginning Finished Goods Inventory Desired Ending Finished Goods laventory 128,000 units (0.50 pound containers 20,000 units 32.000 units b) Prepare two direct materials (DM) chases bedects for the month of January 2020. Use 140.00 product units...
Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow: Product B Seing price $200 $300 $280 Variable expenses Direct materials Other variable expenses 28 70 35 112110175 Total variable expenses 140 $ 60 180 $120 210 $ 70 Contribution margin Contribution margin ratio 30% 40% 25% The same raw materials used in all three products. Barlow Company has only 5.600 pounds of raw material on...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago