Mrs phones buys phone parts from several well know phone manufacturers, assembles the phone, brands it...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Mrs phones buys phone parts from several well know phone manufacturers, assembles the phone, brands it and then packs it ready to sell to the customers. When she buys the phone it costs £200 and she treats this as her direct costs in the standard cost card. Overheads for the three processes are as follows; Packaging Phone Assembly Branding 180 Labour hours 250 5,000 Machine hours 80 Annual Overheads (£) 8,400 2,500 It takes the following times to complete each task Assembly Branding Packing 25 Time taken to complete task in minutes 12 8 Mrs phones adds a profit mark up of 18% to all her products Required Complete the standard Cost Card Below Enter all values to 2 demical place with no £ sign Standard Cost Card Direct Costs 200.00 Phone Assembly Branding Packaging Total Cost Profit Mark up 18% Selling Price Mrs phones buys phone parts from several well know phone manufacturers, assembles the phone, brands it and then packs it ready to sell to the customers. When she buys the phone it costs £200 and she treats this as her direct costs in the standard cost card. Overheads for the three processes are as follows; Packaging Phone Assembly Branding 180 Labour hours 250 5,000 Machine hours 80 Annual Overheads (£) 8,400 2,500 It takes the following times to complete each task Assembly Branding Packing 25 Time taken to complete task in minutes 12 8 Mrs phones adds a profit mark up of 18% to all her products Required Complete the standard Cost Card Below Enter all values to 2 demical place with no £ sign Standard Cost Card Direct Costs 200.00 Phone Assembly Branding Packaging Total Cost Profit Mark up 18% Selling Price
Expert Answer:
Answer rating: 100% (QA)
Standard Cost Card Amount Direct Cost 200 Labor Phone Assembly 1944 Branding ... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
Students also viewed these accounting questions
-
It takes a person 5 minutes to eat all 12 ounces of ice cream in a cup at a constant rate. Let f(t) be the number of ounces of ice cream remaining in the cup t minutes after the person began eating...
-
In a packing plant, a machine packs cartons with jars. It is supposed that a new machine will pack faster on the average than the machine currently used. To test that hypothesis, the times it takes...
-
You are evaluating the acquisition of a new ski machine. Its price is $200,000, and it costs $40,000 to install. It falls into the MACRS 3-year class. The machine will save the firm's operating costs...
-
Evaluate 3x - 1 / x - 1. lim
-
Jimmies Fishing Hole has the following transactions related to its top-selling Shimano fishing reel for the month of June 2015: Required: 1. Calculate ending inventory and cost of goods sold at June...
-
StayN Shape was started by Jennifer Long several years ago to provide physical fitness services to its customers. The following balances were extracted from the companys general ledger as at the...
-
Match threats in the first column to appropriate control procedures in the second column. Threat 1. Sending incorrect merchandise Control Procedure a. Perform a completeness check 2. Crediting...
-
Sauer Food Company has decided to buy a new computer system with an expected life of three years. The cost is $150,000. The company can borrow $150,000 for three years at 10 percent annual interest...
-
Radar Company sells bikes for $530 each. The company currently sells 4,450 bikes per year and could make as many as 4,760 bikes per year. The bikes cost $245 each to make: $175 in variable costs per...
-
During the current year, Sports +, Inc., operated two business segments: a chain of surf and dive shops and a small chain of tennis shops. The tennis shops were not profitable and were sold near...
-
An analyst wanted to use data on monthly sales for a souvenir shop at a beach resort town in Queensland, Australia, between 1995 and 2001. The analyst decided to have a U-shaped trend (polynomial)...
-
What factors should be considered in selecting a strategic alliance partner?
-
Should international businesses promote or fight the creation of regional trading blocs?
-
What is an R&D consortium?
-
What are the four common types of functional alliances? Briefly explain each.
-
What are the basic characteristics of a comprehensive alliance? What form is it likely to take?
-
Why arent small asteroids spherical in shape? A) The strength of gravity on small asteroids is less than the strength of the rock. B) Small asteroids have odd shapes because they were all chipped off...
-
Teasdale Inc. manufactures and sells commercial and residential security equipment. The comparative unclassified balance sheets for December 31, 2015 and 2014 are provided below. Selected missing...
-
Suppose there are three possible candidates that might run for office, and each has to decide whether or not to enter the race. Assume the electorates ideal points can be defined by the Hotel ling...
-
Consider again the family of homothetic tastes. A: Recall that essential goods are goods that have to be present in positive quantities in a consumption bundle in order for the individual to get...
-
Consider your tastes for right and left shoes. A: Suppose you, like most of us, are the kind of person that is rather picky about having the shoes you wear on your right foot be designed for right...
-
HUM Products Limited (HUM) is a consumer products company that designs, manufactures, markets, and distributes a diverse portfolio of consumer products, primarily in the recreational and leisure...
-
Suppose that we wish to compute the inverse and log-determinant of the matrix \[ \mathbf{I}_{n}+\mathbf{U} \mathbf{U}^{\top} \] where \(\mathrm{U}\) is an \(n \times h\) matrix with \(h \ll n\). Show...
-
Suppose that in the stochastic gradient descent method we wish to repeatedly draw minibatches of size \(N\) from \(\tau_{n}\) where we assume that \(N \times m=n\) for some large integer...
Study smarter with the SolutionInn App