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Question 1 100 / 100 pts Imagine that you are the supply chain manager for the Magic Widget company and you need to measure your supply chain performance. The chart shows the financial variables that you will need to perform your task. Financial Variables Total Assets (in $ billions) 15.3 Cost of Goods Sold (in $ billions) 19.8 Inventory: Raw Material Inventory (in $ billions) 1.10 Work-in-progress Inventory (in $ billions) 2.20 Finished Goods Inventory (in $ billions) .82 Compute the percentage of assets committed to inventory and inventory turnover. Round your answers to the first decimal place. The total assets committed to inventory is 26-2 % and the inventory turnover for the firm is 48 times. Answer 1: 26.9 Answer 2: 4.8 Quiz Score: 100 out of 100
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Related Questions
Question 1 Not yet answered Marked
out of 10.00 Flog question Answer the
following questions: -1 What is the
major forces in the company's
Macroenvironment? -2 Explain why
the aim of customer relationship
management is to create not just
customer satisfaction, but also
customer pleasure. -3 Name the four
major factors that influence consumer
buyer behavior? -3 Name the four
major factors that influence consumer
buyer behavior?
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Homework Question 8
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Question 3
You have been presented with the following information :
Customer Perspective
Actual Performance
$6.5 mil
Targets
a. Total Sales
$ 10 mil
b. No. of Stock Returns
10
20
Internal Business Perspective
a. Maintenance Costs
b. No of Workers (production)
Targets
$200k
Actual Performance
$50k
30
15
Financial Perspective
Actual Performance
Targets
$4mil
a. Net Profit
$1mil
b. Asset Turnover ratio
15 times
20 times
Innovation & Growth Perspective
Targets
$100k
Actual Performance
$20k
a. Training Costs
b. No of Staff (Marketing)
20
12
Other information obtained are customers are frequently complaining and cancelling orders and
machines breakdowns.
Required :
i) Comment on the performance.
ii) Propose suggestion to improve.
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A Report a Problem
Revisit
Choose the best option
Question # 9
O Cost of sales
In a cost sheet for a manufactured product, the profit percentage is typically added to this
figure to arrive at the sales price.
Cost of goods sold
cost of production + inventory adjustment
O Factory cost
+91 80 4719 0917
Deepanshu | Support +1 650-924-9221
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Question 3
Study the information given below and answer:
3.1 Calculate the total Marginal Income and Net Profit/Loss if
all the tables are sold.
INFORMATION
Samcor Limited manufactures tables. The following
information was extracted from the budget for the year ended
30 June 2022:
1. Total production and sales
2. Selling price per table
3.
4.
5.
Variable manufacturing costs per table:
Direct material
Direct labour
Overheads
Fixed manufacturing overheads
Other costs:
Fixed marketing and administrative costs
Sales commission
2 400 units
R1 200
R288
R192
R96
R216 960
R144 000
5%
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b
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♥
mgt120h-a17.pdf
Page 4 of 10
Cost-Volume-Profit Analysis
Help
40
The Effect Of Prepaid Taxes On Assets
And Liabili...
O
13. Goodwill can be recorded
a. When customers keep returning because they are satisfied with the company's products.
b. When the company acquires a good location for its business.
c. When the company has exceptional management.
d.
Only when there is an exchange transaction involving the purchase of an entire
business.
Debenture Valuation
CC
7
Www
D
mi popisiva
V
Search
-------
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Sat Apr 15 3:05 PM
Page 4 of 11
www
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Case Study 1- Output Decisions Using Systems of Linear Equations
Let's assume that you have a company that buys goods from a local factory and you resell them online .
.You buy product A for $ 16 and sell it for $ 19 . Each unit of product B brings you $ 12 of profit and each unit of product costs $ 31 .
You lost your inventory books but you have the following information about the last month :
Your total profit was $ 17,334
The total number of products B and C you sold were 1,269
The only delivery of product you received was for $ 15,531
You fulfilled an order for one product A and one product C and you charged customer $ 56 .
Find the number of sold items and the profit for each product .
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Safari File Edit View
L
100
History Bookmarks Window Help
Week 3 Overview - MGT6017_X70_Operations Management
JUL
26
===
Problems
1. A manufacturing company has the following financial information (in millions of $):
Sales
Cost of goods sold
Direct labor
Purchased materials
Overhead
All other costs
Pretax earnings
Administrative costs.
Pretax earnings
$823
85
Criteria
310
tv
94
a. What is the profit leverage effect of purchasing in this company?
b. What is the increase in earnings from an 8 percent savings in purchasing?
2. A service company has the following financial information (in millions of $)
Sales
Cost of outsourced facilitating goods
Cost of in-house services provided
250
84
$510
210
199
77
prod.reader-ui.prod.mheducation.com
24
a. What is the profit leverage effect of reducing the cost of the facilitating goods in this company?
b. It has been suggested that the in-house services costs could be reduced by 10 percent in the coming year by implementing lean
systems. What effect…
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Question 3
Study the information given below and answer:
3.4 How many units must be sold if the company wishes to
earn a net profit of R298 920.
INFORMATION
Samcor Limited manufactures tables. The following
information was extracted from the budget for the year ended
30 June 2022:
1. Total production and sales
2.
3.
4.
5.
Selling price per table
Variable manufacturing costs per table:
Direct material
Direct labour
Overheads
Fixed manufacturing overheads
Other costs:
Fixed marketing and administrative costs
Sales commission
2 400 units
R1 200
R288
R192
R96
R216 960
R144 000
5%
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Marketing Promotions
Marketing salaries
1,50,000
2,50,000
Distribution Cost
1,75,000
Customer service costs
2,50,000
Requirement: Prepare Schedule of cost of goods manufactured and Income Statement.
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5
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O
Problem Set: Module 4
1. EX.06.01
2. PR.06.02A ALGO
3. BE.06.02.ALGO
4. BE.06.03.ALGO
cengagenow.com
●
Portmann Company, operating at full capacity, sold 1,000,000
units at a price of $188 per unit during the current year. Its
income statement is as follows:
Sales
Cost of goods sold
Gross profit
Expenses:
Selling expenses
Administrative expenses
Total expenses
Cost of goods sold
Selling expenses
Administrative expenses
Total variable costs
Total fixed costs
$16,000,000
10,600,000
Operating income
The division of costs between variable and fixed is as follows:
Fixed
Unit variable cost
Unit contribution margin
+ 40
Variable
70%
75%
50%
$188,000,000
(101,000,000)
$87,000,000
(26,600,000)
$60,400,000
Management is considering a plant expansion program for the
following year that will permit an increase of $11,280,000 in
yearly sales. The expansion will increase fixed costs by
$5,000,000 but will not affect the relationship between sales
and variable costs.
Required:
1. Determine the…
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Question 10
Calculate the Menu price from the following: Item product cost $2, Item labour cost $.50, Overhead cost per
item $.70, Desired per item Gross profit percentage 20%.
$3.84
$.64
$3.20
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Question 5
A manager must decide which type of machine to buy, A, B, or C. Machine costs are as follows:
Machine
Cost
A
75000
45000
55000
Product forecasts and processing times on the machines are as follows:
Processing Time Per Unit
(minutes)
Annual
Machine
Machine
Machine
Product
Demand
A
B
C
20000
9.
2
25000
4
5
10
8000
10
6.
4
46000
2
8
9.
a)
all 4 products. Machines operate 10 hours a day, 300 days a year.
Calculate how many of each type of machine would be required to satisfy the demand for
b)
Assume that only purchasing costs are being considered. Which machine would have the
lowest total cost?
c)
Consider this additional information: The machines differ in terms of hourly operating costs:
The A machines have an hourly operating cost of $7 each,
B machines have an hourly operating cost of $12 each, and
C machines have an hourly operating cost of $10 each.
Assume that the machines will be used only for one year. Which machine will have the lowest total cost
(purchasing cost +…
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account Q4 answer want
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I need help in solving my accounting homework. Direct Method to be exact Number 1 letter A
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Q2
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Instructions for Excel Spreadsheet Assignment #2Preliminary Setup InformationYour company manufactures and sells computer memory chips. You are part of the department whose job it is to figure out how many chips you should produce and sell. Let x represent the number (in millions) of chips that you plan to produce and sell. Your marketing department has figured out that if you produce x million chips then the selling price (in dollars) you must charge for each chip is given by the functionp(x) = 150-2x. Your production department has figured out that if you produce x million chips then the cost of production (in millions of dollars) will be given by the function C(x) = 50 + 40xYour tax department has figured out that you should expect to pay 10% tax on any profits. The tax (in millions of dollars) on a profit of y millions of dollars will be given by the functionT( y) = 0.1yExplanation of what you are to do on the Excel spreadsheetNOTE: You will not get credit for your work if you just…
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A2
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Question 16
The management accountant for Giada's Book Store has prepared the following income statement for the most current year:
Travel Book Classics
Total
$50,000
24,000
34,000 130,000
13,000
56,000
5000
10,000
$6000
Sales
Cost of goods sold
Contribution margin
Cookbook
$69,000
39.000
Order and delivery processing
Rent (per sq. foot used)
Allocated corporate costs
Corporate profit
30,000
22,000
2000
10,000
$(4000)
$135,000
69,000
66,000
21,000
4000
10,000
$31,000
$262,000
132,000
11,000
30.000
$33.000
If the cookbook product line had been discontinued prior to this year, the company would have reported
greater corporate profits
the same amount of corporate profits
less corporate profits
resulting profits cannot be determined
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A
1 Chapter 7: Applying Excel
2
3 Data
4 Selling price per unit
5 Manufacturing costs:
6
7
8
Variable per unit produced:
Direct materials
Direct labor
Variable manufacturing overhead
9
10 Fixed manufacturing overhead per year
11 Selling and administrative expenses:
12 Variable per unit sold
13
Fixed per year
14
15
16 Units in beginning inventory
17 Units produced during the year
18 Units sold during the year
25 Units in beginning inventory
26 Units produced during the year
27 Units sold during the year
28 Units in ending inventory
29
30 Compute the Absorption Costing Unit Product Cost
31
32 Direct materials
33 Direct labor
34 Variable manufacturing overhead
35 Fixed manufacturing overhead
36 Absorption costing unit product cost
37
19
20 Enter a formula into each of the cells marked with a ? below
21 Review Problem 1: Contrasting Variable and Absorption Costing
22
23 Compute the Ending Inventory
24
46 Compute the Variable Costing Unit Product Cost
47
48 Direct materials
49 Direct labor…
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F
Sales
Variable Costs
Cost of goods sold
Selling Expenses
Total Variable costs
Contribution
Margin
Fixed Costs
Admin Expenses
Net Profit
Total
$3,599,100
$1,619,156
$41,500
$1,660,656
$1,938,444
$70,000
Department Department
a
$1,000,000
$597,600
$12,000
$609,600
$390,400
b
$678,000
$224,100
$8,000
$232,100
Department
C
$921,000
$382,311
$9,000
$391,311
Department
d
$1,000,100
$415,145
$12,500
$427,645
a. Using contribution margin accounting cost analysis, what is the contribution margin for
Department b?
b. Contribution margin for Department c?
C.
Department d?
d. What is your net profit for the total organization?
0
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QUESTION 2/15 2020033800068702:
From the following information distribute cost of Time Keeping
department among various other departments: Total cost of Time keeping
department as per primary Distribution: Rs. 10000, Ratio of Stores
Requisition: 4:3:2:1, Ratio of Machine Hours: 3:3:2:2, Ratio of No of
Employee: 3:4:2:1 and Ratio of Floor area: 5:3:1:1
O Rs. 4000, Rs. 3000, Rs. 2000 and Rs. 1000
O Rs. 3000, Rs. 3000, Rs. 2000 and Rs. 2000
O Rs. 3000, Rs. 4000, Rs. 2000 and Rs. 1000
O Rs. 5000, Rs. 3000, Rs. 1000 and Rs. 1000
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Question 16
A merchandising company reported the following results for July, shown here
$402.800
$169,100
$17.100
$14.200
$7.600
$30,100
Sales
Cost of goods sold (all variable))
Total variable selling expense
Total fised selling expense
Total variable administrative expense
Total fixed administrative expense
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+ I/
V
* 00
44
Fence Industries is preparing its annual profit plan. As part of its analysis of the profitability of its customers, management estimates that the
$18,500 for sales support should be assigned to the individual customers from the information given as follows:
Customer A
Customer B
Units purchased
135,000
Purchase orders (annual)
28
What is the amount of the sales support costs that should be allocated to Customer A, assuming Fence uses units purchased to compute
activity-based costs?
Multiple Choice
$3,700.
$6,750.
Mc
Graw
17 of 25
10:22 PM
Type here to search
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F11
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7.
2.
52
3.
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B.
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Ctrl
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Problem 4
ECONOMIC ORDER QUANTITY. Luster Corporation presents the following data: Usage
is 400 units per month, cost per order is $20, and carrying cost per unit is $6. Given these
data, answer the following questions: (a) What is the economic order quantity? (b] How
many orders are required each month? (©) How often should each order be placed? (d) How
much is the total cost of inventory?
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accounting Q-15
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Related Questions
- Question 1 Not yet answered Marked out of 10.00 Flog question Answer the following questions: -1 What is the major forces in the company's Macroenvironment? -2 Explain why the aim of customer relationship management is to create not just customer satisfaction, but also customer pleasure. -3 Name the four major factors that influence consumer buyer behavior? -3 Name the four major factors that influence consumer buyer behavior?arrow_forwardHomework Question 8arrow_forwardQuestion 3 You have been presented with the following information : Customer Perspective Actual Performance $6.5 mil Targets a. Total Sales $ 10 mil b. No. of Stock Returns 10 20 Internal Business Perspective a. Maintenance Costs b. No of Workers (production) Targets $200k Actual Performance $50k 30 15 Financial Perspective Actual Performance Targets $4mil a. Net Profit $1mil b. Asset Turnover ratio 15 times 20 times Innovation & Growth Perspective Targets $100k Actual Performance $20k a. Training Costs b. No of Staff (Marketing) 20 12 Other information obtained are customers are frequently complaining and cancelling orders and machines breakdowns. Required : i) Comment on the performance. ii) Propose suggestion to improve.arrow_forward
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