Beggars Banquet Inc makes and sells sweatshirts for college students. The company normally produces and sells...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Beggars Banquet Inc makes and sells sweatshirts for college students. The company normally produces and sells between 25,000 and 50,000 The following cost data applies to various activity levels Number of Sweatshirts Total Costs Incurred Fixed Variable Total Costs Cost per Unit Fixed Variable Total Cost per Sweatshirt 25,000 $375,000 $150,000 $525,000 $15.00 $6.00 $21.00 32.500 40,000 per year 50,000 REQUIRED 1. Complete the schedule above by filling in the missing $ amounts for the 4 different levels of activity shown in the first row of the table. Round all cost per unit figures to the nearest whole penny 2. In your own words, explain why the total cost per sweatshirt decreases as the number of sweatshirts increases. Beggars Banquet Inc makes and sells sweatshirts for college students. The company normally produces and sells between 25,000 and 50,000 The following cost data applies to various activity levels Number of Sweatshirts Total Costs Incurred Fixed Variable Total Costs Cost per Unit Fixed Variable Total Cost per Sweatshirt 25,000 $375,000 $150,000 $525,000 $15.00 $6.00 $21.00 32.500 40,000 per year 50,000 REQUIRED 1. Complete the schedule above by filling in the missing $ amounts for the 4 different levels of activity shown in the first row of the table. Round all cost per unit figures to the nearest whole penny 2. In your own words, explain why the total cost per sweatshirt decreases as the number of sweatshirts increases.
Expert Answer:
Answer rating: 100% (QA)
To complete the schedule with the missing amounts we need to calculate the fixed and variable costs ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A uniform ladder of mass m = 12.6 kg and length L = 4.08 m is leaned against a frictionless wall at an angle of 0 = 22.9, as shown in Figure 4. A human, of mass m = 74.1 kg, stands a distance d =...
-
How would you plan to learn more about the health care system and the role of nurses in another country? What are critical elements in the sustainability of global health efforts? You are considering...
-
Parker Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 8,000 and 14,000 trophies per year. The following cost data apply...
-
Go out onto the Web and compare three shopping bots for a product you are interested in (e.g., www.mysimon.com, www.bottomdollar.com, www.shopzilla.com, www.shopping.com, or www.pricegrabber.com)....
-
Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio. The partners have decided to liquidate their partnership. On the day of liquidation their balance sheet appears as follows. Required...
-
Presented below are recent financial statements for The Gamble Company. Required Prepare a statement of cash flow using the indirect method. What does the companys statement of cash flow reveal about...
-
Zion Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In...
-
Yedder Enterprises was a pioneer in designing and producing precision surgical lasers. Yedders product was brilliantly designed, but the manufacturing process was neglected by management with a...
-
2. Use the function below to find the values. X G(x) A. G(2)= 0 5 1 4 B. G(4)= 2 3 3 2 4 1 C. All x-values for which G(x)=0 5 0
-
Pacifico Company, a U.S.-based importer of beer and wine, purchased 1,500 cases of Oktoberfest-style beer from a German supplier for 390,000 euros. Relevant U.S. dollar exchange rates for the euro...
-
Jonah is working for the HR department for company XYZ for the last 10 years. Recently, he has been promoted to a Compensation Manager, a promotion that was very much due. On his first day of his new...
-
4-x = solve 1 256
-
Industry Actual Actual Rush Industries Ratio Analysis Average 2018 2019 Financial Current ratio 1.80 1.84 Condition Quick ratio 0.70 0.78 & Net Days Sales Outstanding* 48 58 Worth Inventory turnover...
-
2. You have been given a list of software firms and have been asked to analyze them based upon the PEG ratio, taking into account any fundamentals that might cause PEG ratios to vary across firms....
-
If you were evaluating an investment opportunity, which technique would you use and why? The weighted average cost of capital can consist of debt, preferred stock and equity. Which of these sources...
-
Vera agrees to sell her grocery store and fittings to Petra for $750,000. Petra was induced to buy the store by Vera's representations that the store had made a profit of more than $100,000 in each...
-
This event ended the radio patent wars for a while 1. U.S. vs. Paramount. 2. World War I. 3. KDKA's entrance as the first radio station in America. 4. the creation of the Federal Communications...
-
Given the table below, about how much force does the rocket engine exert on the 4.0 kg payload? Distance traveled with rocket engine firing (m) Payload final velocity (m/s) 500 320 490 310 1020 450...
-
At the beginning of 2009, Expert Manufacturing purchased a new computerized drill press for $65,000. It is expected to have a five-year life and a $5,000 salvage value . Required a. Compute the...
-
Identifying product versus general, selling, and administrative costs Required Indicate whether each of the following costs should be classified as a product cost or as a general, selling, and...
-
The following transactions pertain to 2009, the first year operations of Lepper Company. All inventory was started and completed during 2009. Assume that all transactions are cash transactions. 1....
-
A fixed asset (a machine) was purchased by Adjourn plc on 1 July 20X1 at a cost of 25,000. The company prepares its annual accounts to 31 March in each year.The policy of the company is to depreciate...
-
The Mission Company Ltd, whose year-end is 31 December, has acquired two items of machinery on leases, the conditions of which are as follows: Item Y: Ten annual instalments of 20,000 each, the first...
-
Peter Mullen says in an article sent in to the ASB, the following: the ASB advocates that all leasing type deals should essentially be accounted for in relation to the extent of asset and liability...
Study smarter with the SolutionInn App