You are tasked with finding a standard cost for a new shirt for Nike. Nike plans...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
You are tasked with finding a standard cost for a new shirt for Nike. Nike plans to produce 1,000,000 of these shirts. It takes 3.5 sq ft of fabric, 2 yds of thread, 2 sq in of labeling, and one logo to to produce one shirt. There was also a design team of 3 members that each put in 50 days to design the shirt (Assume their salarydistribution is based on design days/Total days per year). These shirts can be assembled by 4 people Type Cost Unit Materials Fabric S Thread $ Label $ Logo $ Design Team (3 members) $ Direct Labor S Lebron's Endorsement S Running Machines Shipping S $ 0.40 per sq ft 0.05 per yard 0.30 per sq in 1.00 per logo 65,000.00 annual salary per person 20.00 per hour 100,000.00 flat rate 800.00 per hour 10,000.00 per truck What is the standard cost for one shirt based on the spreadsheet? What is the total cost of materials for one shirt? You are tasked with finding a standard cost for a new shirt for Nike. Nike plans to produce 1,000,000 of these shirts. It takes 3.5 sq ft of fabric, 2 yds of thread, 2 sq in of labeling, and one logo to to produce one shirt. There was also a design team of 3 members that each put in 50 days to design the shirt (Assume their salarydistribution is based on design days/Total days per year). These shirts can be assembled by 4 people Type Cost Unit Materials Fabric S Thread $ Label $ Logo $ Design Team (3 members) $ Direct Labor S Lebron's Endorsement S Running Machines Shipping S $ 0.40 per sq ft 0.05 per yard 0.30 per sq in 1.00 per logo 65,000.00 annual salary per person 20.00 per hour 100,000.00 flat rate 800.00 per hour 10,000.00 per truck What is the standard cost for one shirt based on the spreadsheet? What is the total cost of materials for one shirt?
Expert Answer:
Answer rating: 100% (QA)
Based on the given information the standard cost for one shirt for Nike can be calculat... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Under a plan of complete liquidation, Coast Corporation distributes land with a $300,000 adjusted basis and a $400,000 FMV to William, a 25% shareholder. William has a $200,000 basis in his Coast...
-
Which type of application benefits the most by bypassing write cache? Justify your answer. Discuss.
-
The promised yield, today, is 13% for a two-year, 10%-coupon-rate, $1,000-face-value bond that has just distributed its first coupon. The fundamentals of the company indicate that if the bond goes...
-
Requirements: 1. Compute Vision Equipments (a) quick ratio and (b) accounts receivable turnover for 2010. 2. Evaluate each ratio value as strong or weak. Assume Vision Equipment sells on terms of net...
-
Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelley Couts, who inherited the company. When it was founded over 70 years...
-
Question 3 of 3 Additional information: 1. Net income for 2022 was $104,300. 2. Depreciation expense was $32,300. 3. Cash dividends of $46,300 were declared and paid. 4. Bonds payable with a carrying...
-
What type of web server is sending packet/frame 280 of the capture? 2. What type of HTTP Status Code is the web server in packet/frame 314 sending? Google the error and provide a quote summarizing...
-
2. Prepare journal entries to record the following transactions involving both the short-term and long-term investments of HDX Inc., all of which occurred during Year 1. a. On February 15, paid...
-
Roxy Vanderhouse is tired of paying management fees to her attorney and management company. Whenever Roxy lands an acting role, her attorney and management company are entitled to a standard fee....
-
The December 31, 2024, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated...
-
Given what you learned in this class, explain what is the most significant issue to consider in "rethinking" homeland security intelligence (and why).?
-
Dividend Yield and Dividend Payout The following information is available for West Texas Waste Management Inc. (WTWM). Year 1 Year 2 Year 3 Dividends per share $0.03 $0.06 $0.12 1.07 1.28 1.41...
-
A manufacturing company wants to expand its business, for this, it has 4 investment alternatives A, B, C, and D, all of them with a planning horizon of 10 years. A and B are mutually exclusive, while...
-
If the amplifier indicated by the box input impedance of oo, which of the following statements are true ? has an open loop gain as well as Feedback factor (\beta = 1/ R_1\) The feedback is voltage...
-
Identify different types of barriers to the free movement of goods and services.
-
Identify the major barriers to developing international brands.
-
Nivea (www.nivea.com) is Beiersdorfs (www.beiersdorf.com) largest brand in terms of sales, product and geographical reach. The brand is the market leader in a number of product areas, including skin...
-
The consistent mass matrix of a bar element is given by a. \(\frac{ho A l}{6}\left[\begin{array}{ll}2 & 1 \\ 1 & 2\end{array} ight]\) b. \(\frac{ho A l}{6}\left[\begin{array}{rr}2 & -1 \\ -1 &...
-
How are fixed boundary conditions incorporated in the finite element equations?
-
True or False. The system mass matrix is always singular unless the boundary conditions are incorporated.
Study smarter with the SolutionInn App