05:14 Nature's Way Distributers Limited makes a punch from the following costing information below: Direct material...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
05:14 Nature's Way Distributers Limited makes a punch from the following costing information below: Direct material $750,000 Direct labour $500,000 Overheads: Fixed Variable Selling and distribution cost Fixed Variable $250,000 $40 0 $300,000 $300,000 During the period, the company produced 100,000 punches and expects a profit of 25% on the cost of th assets employed during operations. The cost of assets employed is $1,000,000. Required: a) Determine the cost and selling prices of each punch b) Disregarding the return of asset above, but assuming the entity desires a profit margin of $300,000. Calculate the selling price per unit and the gross margin percentage 05:14 Nature's Way Distributers Limited makes a punch from the following costing information below: Direct material $750,000 Direct labour $500,000 Overheads: Fixed Variable Selling and distribution cost Fixed Variable $250,000 $40 0 $300,000 $300,000 During the period, the company produced 100,000 punches and expects a profit of 25% on the cost of th assets employed during operations. The cost of assets employed is $1,000,000. Required: a) Determine the cost and selling prices of each punch b) Disregarding the return of asset above, but assuming the entity desires a profit margin of $300,000. Calculate the selling price per unit and the gross margin percentage
Expert Answer:
Answer rating: 100% (QA)
a Cost of each punch Direct material Direct labour Overheads 750000 500000 250000 ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Direct material cost $ 85 comma 000 per unit of RS-32 Direct manufacturing labor time for first unit 3 comma 900 direct manufacturing labor-hours Learning curve for manufacturing labor time per radar...
-
Fixed costs per annum P60 000 Unit selling price 20 Unit variable cost 10 Relevant range 4 00012 000 units REQUIRED: Calculate the following: a. Break-Even Point in b. Units to be sold to obtain the...
-
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...
-
Why do you think many people might be skeptical about psychology being a science?
-
Match the following list of seven items to the letters A through G in Figure. 1. Purchase Database 2. Purchase Order 3. Prepare Order 4. Vendor 5. Purchase Requisition 6. Select Vendor 7. Order...
-
A club's records provide the following information for a year. The club's policy is to credit life subscriptions to the Income and Expenditure Account over five years. How much should be credited to...
-
An income statement is a summary of a companys revenues and costs over a given period time. The data in the file bellevuebakery is an example of an income statement. It contains the revenues and...
-
Samuel C. Mazilly wrote a personal check that was drawn on Calcasieu- Marine National Bank of Lake Charles, Inc. (CMN Bank). The check was made payable to the order of Lee St. Mary and was delivered...
-
. A 80-kg astronaut (including spacesuit and equipment) is floating at rest a distance of 11 m from the spaceship. . when she runs out of oxygen and fuel to power her back to the spaceship. . She...
-
Demand and inventory on hand for five SKUs are presented in Table 2: Given that the demands are deterministic and in manhours, and the available manhours (Pt) for a cycle is 3000, i. determine the...
-
Which process can be affected by other processes executing in the system?
-
What are the functions that group norms serve?
-
Discuss the relationship between group size and group performance.
-
You have to develop a checklist for designing an effective cross-functional group. What are its elements?
-
You have to develop a checklist for designing an effective self-managed work group. What are its elements?
-
Differentiate between survey feedback and team building.
-
Designing a fully functional Hospital Database using MySQL and a project report Database Must meet the following requirements: The goal of this project is to develop a general database for a hospital...
-
C- Consider the following scenario:- A supermarket needs to develop the following software to encourage regular customers. For this, the customer needs to supply his/her residence address, telephone...
-
James Hardy recently rejected a $20,000,000, five-year contract with the Vancouver Seals hockey team. The contract offer called for an immediate signing bonus of $7,500,000 and annual payments of...
-
Equillion, Inc., and Storis, Inc., are two companies in the pharmaceutical industry. Equillion has relatively high fixed costs related to research and development. Storis, however, does little...
-
Sampson Steel produces high-quality worktables. The company has been in operation for three years, and sales have declined each year due to increased competition. The following information is...
-
What are the different methods of conducting marketing research?
-
What is the main difference between a full-service and a limited-service supplier?
-
What are some of the issues that should be considered when conducting marketing research?
Study smarter with the SolutionInn App