need help with these problems number one - three

Submit Check my work Bowman Specialists Inc. (BSI) manufactures specialized equipment for polishing optical lenses. There are two models-one (A-25) principally used for fine eyewear and the other (A-10) for lenses used in binoculars, cameras, and similar equipment. The following table shows the manufacturing cost of each unit is calculated, using activity-based costing, for these manufacturing cost pools. look Cost Pools Allocation Base Costing Rate Materials handling Number of parts $ 3.60 per part ances Manufacturing supervision Hours of machine time $24. 40 per hour Assembly Number of parts $ 5.25 per part Machine setup Each setup $48. 20 per setup Inspection and testing Logged hours $62. 00 per hour Packaging Logged hours $33.00 per hour BSI currently sells the A-10 model for $2,990 and the A-25 model for $1,765. Manufacturing costs and activity usage for the two products follow: A-10 A-25 Direct materials $140 . 76 $ 75 . 44 Number of parts 130 101 Machine-hours 8 . 70 5.80 Inspection time 1 .90 1 . 05 Packing time 1 . 15 0. 58 Setups 20 10 Required: 1. Calculate the product cost and product margin for each product. 2. A new competitor has entered the market for lens-polishing equipment with a superior product at significantly lower prices, $2,110 for the A-10 model and $1,610 for the A-25 model. To try to compete, BSI has made some radical improvements in the design and manufacturing of its two products. The materials 2. A new competitor has entered the market for lens-polishing equipment with a superior product at significantly lower prices, $2,110 for the A-10 model and $1,610 for the A-25 model. To try to compete, BSI has made some radical improvements in the design and manufacturing of its two products. The materials costs and activity usage rates have been decreased significantly, as follows: A-10 A-25 Direct materials $96. 65 $51.45 Number of parts 128 99 Machine-hours 9.5 3 . 8 Inspection time 1.9 0. 95 Packing time 0.97 0. 38 Setups 10 10 2-a. Calculate the total product costs with the new activity usage data. 2-b. Can BSI make a positive gross margin with the new costs, assuming that it must meet the price set by the new competitor? 4. What cost management method might be useful to BSI at this time? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 4 Calculate the product cost and product margin for each product. (Round your answers to 2 decimal places.) A-10 A-25 Product cost Product margin Req 1 Req 2A MacBook AirSave & Exit Subm Check my work Take-a-Break Travel Company offers spring break travel packages to college students. Two of its packages, a 5-day, 4- night trip to Cancun and a 7-day, 6-night trip to Jamaica, have the following characteristics: Package Specifications Cancun Jamaica Cost Data Oceanfront room; number of nights 4 6 $ 16ight Meals: Breakfasts 4/ea Lunches 8/ea Dinners 10/ea ook scuba diving trips 18/ea Water skiing trips 13/ea erences Airfare (round trip from Miami ) 220 (Cancun ) , $ 295 ( Jamaica) Transportation to and from airport 1 1 $ 18 ( Cancun) , S 13 ( Jamaica) The Cancun trip sells for $800, and the Jamaica trip sells for $740, and both packages allow two bags to be checked for free. Required: 1. What are the current profit margins on both trips? 2. Take-a-Break's management believes that it must drop the price on the Cancun and Jamaica trips to $760 and $710, respectively, in order to remain competitive in the market. Recalculate profit margins for both packages at these price levels. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What are the current profit margins on both trips? (Round percentage answers to 1 decimal place.) Mc GrawHelp Save & Exit Submit Check my work 3 Williams Inc. produces a single product, a part used in the manufacture of automobile transmissions. Known for its quality and performance, the part is sold to luxury auto manufacturers around the world. Because this is a quality product, Williams has some flexibility in pricing the part. The firm calculates the price using a variety of pricing methods and then chooses the final price based on that information and other strategic information. A summary of the key cost information follows. Williams expects to manufacture and sell 52,500 parts in the coming year. While the demand for Williams's part has been growing in the past 2 years, management is not only aware of the cyclical nature of the automobile industry, but also concerned about market share and profits during the industry's current downturn. Total Costs Variable manufacturing $ 4, 675, 000 Variable selling and administrative 850 , 650 Facility-level fixed overhead 2, 340, 875 Fixed selling and administrative 670, 495 Batch-level fixed overhead 355 ,000 Total investment in product line 22, 345, 000 Expected sales (units) 52, 500 Required: 1. Determine the price for the part using a markup of 35% of full manufacturing cost. 2. Determine the price for the part using a markup of 20% of full life-cycle cost. 3. Determine the price for the part using a desired gross margin percentage to sales of 35%. 4. Determine the price for the part using a desired life-cycle cost margin percentage to sales of 25%. 5. Determine the price for the part using a desired before-tax return on investment of 15%. 6. Determine the total contribution margin and total operating profit for each of the methods in requirements 1 through 5. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Determine the price for the part using a markup of 35% of full manufacturing cost. (Do not round intermediate calculations.