FREE Trial

Wheelies (located in Bellville) bought aluminium wheelbases from Cridel Ltd (located in Johannesburg). Wheelies bought 300 aluminium wheelbases.

Question:

Wheelies (located in Bellville) bought aluminium wheelbases from Cridel Ltd (located in Johannesburg).

• Wheelies bought 300 aluminium wheelbases.

• The price of each wheelbase is R200.

• The wheelbases were delivered to Bellville by train at a total cost of R870.

• Wheelies paid R10 per wheelbase for packing material, which they decided would enhance the ability to sell the wheelbases.


You are required to:

1. Calculate the cost price per wheelbase.

2. Calculate the selling price per wheelbase, if the mark-up percentage is 60%.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 100% (3 reviews)

Calculate the Cost Price per Wheelbase The cost price per wheelbase includes the purch…View the full answer


answer-question
Answered By
tutor-profile-image
Deepak Sharma
I have extensive experience working as a freelance academic writer for over ten years, and I am familiar with the majority of referencing methods used in academia (APA, MLA & Harvard). Producing top-notch papers is my area of expertise. You can put your faith in me as a current master's student and anticipate top-notch outcomes with your academic papers. My top priority are to produce 100% original work, superior work, client student work, and work on schedule. I speak English with ease, which enables me to write outstanding papers, and I also have strong communication abilities. A meeting with you is something I'm looking forward to, but what's more important is creating something that will satisfy us both. Cheers! In advance, I appreciate it.
0.00 0 Reviews 10+ Question Solved
Related Book For  answer-question
Fundamental Accounting

Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

See More Books
Question Details
Chapter # 9- INVENTORY SYSTEMS
Section: Questions
Problem: 10
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: August 30, 2023 03:45:40
See More Questions

Students also viewed these Business questions

Q:
Wheelies of Bellville bought aluminium wheelbases from Cridel Ltd in Johannesburg. The price of each wheelbase, of which 300 were bought, is R228. The aluminium wheelbases were railed to Bellville...
A:
Let s break down the calculations step by step 1 Calculate the cost price per wheelbase Cost of 300......
Q:
By JULIE WEEDMARCH 20, 2013 Rachel Shein, who operates Baked in the Sun, with bakery workers. She is weighing the options on employee health insurance. Credit Sandy Huffaker for The New York Times...
A:
1 The problem is whether to give the insurance to the bakery employees or not Insuring them will inc......
Q:
You have recently been appointed as the accountant of CHIPPIE CHIP, a registered VAT vendor that sells potato chips to various entities across the Western Cape. The business was started 11 months...
A:
1 Prepare the general journal for the transactions for April 20x2 Date Account Title and Description Debit R Credit R Apr 2 Machinery Purchase Potato World 500 000 Bank Cheque 100 500 000 Apr 2 Invent......
Q:
Dakota Company purchased several assets from a competitor, paying a lump-sum of $1,000,000 (one million dollars). The assets included: i. Land - valued at $420,000 ii. Building - valued at $400,000...
A:
Answer i Journal entry for the purchase of land on March 17 2020 is Debit Cash 1 000 000 Credit Land......
Q:
Somson SuperKlean Services master budget includes $258,000 for equipment depreciation. The master budget was prepared for an annual volume of 103,200 chargeable hours. This volume is expected to...
A:
1 Budgeted depreciation factory equipment for September 21 500 2 Spending Variance Equipment Depreci......
Q:
Logan Manufacturing has been challenged by increasing costs and pressures from competitors. Pretax income was $100,000 and $60,000 in 2015 and 2016, respectively. In 2017, the company reported...
A:
Quarter 1 2017 Quarter 2 2017 Before After Before After Change Change Change Change First qua......
Q:
An acid is any substance that (a) Produces H + (aq) ions when added to water. (b) Produces hydroxide OH (aq) ions when added to water. (c) Contains hydrogen, H, atoms in its formula. (d) Forms a...
A:
a Produc......
Q:
For Longeis Company, variable costs are 70% of sales, and fixed costs are $210,000. Managements net income goal is $60,000. Compute the required sales needed to achieve managements target net income...
A:
X 70X 210 000 60 000 30X 270 0......
Q:
Canola Pty Ltd ("Canola") is a family company that runs an extensive canola growing farm in the Hunter Valley Region of New South Wales. The shareholders of the company are Alex (40% shares), Daisy,...
A:
a Breach of Directors Duties 1 Duty of Loyalty Alex There is a potential breach of the duty of loyal......
Q:
Wonder Wholesalers buys fertiliser in bulk, packages it and supplies major nursery outlets with 10-kg bags of Wonder Lawn and Wonder Flower fertilisers. Wonder Wholesalers had these accounts, amongst...
A:
1 Enter the transactions into the general journal Date Account Title Debit R Credit R 16 Jul Invento......
Q:
A vendor bought inventory for R1 430. Expenditure of R270 was incurred to bring the inventory to the required condition for sale. The inventory was sold for R2 380. You are required to: 1. Calculate...
A:
Calculate the Cost Price of the Inventory The cost price of the inventory includes both the orig......
Q:
Explain the following terms as they relate to bonds: a. Effective rate of interest b. Coupon rate c. Maturity date d. Proceeds e. Face value
A:
a The effective rate of interest is the actual market......
Q:
A large firm has two divisions: an upstream division that is a monopoly supplier of an input whose only market is the downstream division that produces the final output. To produce one unit of the...
A:
The structure of the firm described here with an upstream monopoly supplier and a downstream division that relies on the input from the upstream divis......
Q:
Suppose a UAW labor contract with General Dynamics is being renegotiated. Some of the many issues on the table include job security, health benefits, and wages. If you are an executive in charge of...
A:
As an executive in charge of human resource issues at General Dynamics it would be more beneficial to let the union bear the expense of crafting a doc......
Q:
Engineer Sharon Chen is the founder, owner, and president of Storm Bay Injection Moulding, a large and successful company that produces injection-moulded plastic parts, predominantly for automotive...
A:
Attendance management is a critical aspect of maintaining a productive and efficient workforce While HR typically plays a central role in overseeing a......
Q:
What are some of the norms that have developed in the software development team? Are these norms functional or dysfunctional for team effectiveness?
A:
Software development teams often develop their own set of norms or unwritten rules of behavior that guide how team members interact with each other an......
Q:
You prepare 1.00 L of a buffer solution that is 1.00 M NaH 2 PO 4 and 1.00 M Na 2 HPO 4 . The solution is divided in half between the two compartments of an electrolytic cell. Both electrodes used...
A:
1 Determine the amount of charge passed through the cell Charge Q Current I Time t Q 1 25......
Q:
Express Lane, Inc., a regional convenience store chain, maintains milk inventory by the gallon. The first months milk purchases and sales at its Freeport, FL, location follows: Nov 2 1 gallon @ $2.00...
A:
Req 1 FIFO LIFO Average cost Units sold oldest costs......
Q:
Dan and Diana file a joint return. Dan earned $31,000 during the year before losing his job. Diana received Social Security benefits of $5,000. a. Determine the taxable portion of the Social Security...
A:
a Dan and Diana will be taxed on 750 of the social security benefits A......
Q:
Why must a company estimate the amount of factory overhead assigned to individual jobs or job lots?
A:
Factory overhead is not identified with specific units jobs or batches job lots There......
Q:
The chapter used a percent of labor cost to assign factory overhead to jobs. Identify another factor (or base) a company might reasonably use to assign overhead costs.
A:
Several other factors alloc......
Q:
What information is recorded on a job cost sheet? How do management and employees use job cost sheets?
A:
The job order cost sheet captures information on cost and qu......
Keep The Republic The Economy Of Freedom 1st Edition - ISBN: 979-8395920751 - Free Book