5. What is the total fixed cost of the shopping department of Emba-Mall clothing Co. if it has the following information for 2014? Salaries 800,000 of employees on guaranteed contracts Packaging 400,000 depending on size of item(s) shipped Postage 500,000 depending on weight of item(s) shipped Rent of warehouse space 250,000 annual lease a. 850,000 b. 900,000 c. 1,050,000 d. 1,950,000
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- What is the total fixed cost of the shipping department of Tokyo Clothing Company if it has the following information for 2015? • Salaries – P 400,000 (75% of employees on guaranteed contracts) • Packaging – P 200,000 depending on the size of item(s) shipped • Postage – P 250,000 depending on weight of item(s) shipped • Rent – P 180,000 annual lease for warehouse space a. P 180,000 b. P 380,000 c. P 480,000 d. P 630,000What is the total fixed cost of the shipping department of Tokyo Clothing Company if it has the following information for 2015? • Salaries – P 400,000 (75% of employees on guaranteed contracts) • Packaging – P 200,000 depending on the size of item(s) shipped • Postage – P 250,000 depending on weight of item(s) shipped • Rent – P 180,000 annual lease for warehouse spaceThis year, Lambert Company will ship 1,500,000 pounds of goods to customers at a cost of $1,200,000. If a customer orders 10,000 pounds and produces $200,000 of revenue( total revenue is $20million), The amount of shipping cost assigned to the customer by using ABC would be a. Unable to be determined. b.$8,000($0.80per pound shipped) c.$24, 000(2% of the shipping cost) d. $12,000(1% of the shipping cost) e. None of these
- Assume that total sales revenue for 2018 is projected to be $1,153,549. Assume also the following costs for Shannon’s Brewery: Packaged (Cans & Bottles) $150,000 Kegs $80,000 Shrinkage/WIP Loss $42,000 Contract Labor $9,000 Direct Labor $240,000 Freight $18,000 Consumer Advertising $29,454 Trade Promotion $31,039 Sales Promotion $18,000 Salaries & Benefits $180,000 Compute Shannon’s %NMC. Round your answer to the nearest percent. For example, if your computed answer is 99.4% your answer rounds down to 99%. If your computed answer is 99.5% you should round up to 100%.This year, Lambert Company will ship 1,500,000 pounds of goods to customers ata cost of $1,200,000. If a customer orders 10,000 pounds and produces $200,000 ofrevenue (total revenue is $20 million), the amount of shipping cost assigned to thecustomer by using ABC would bea. unable to be determined.b. $8,000 ($0.80 per pound shipped).c. $24,000 (2% of the shipping cost).d. $12,000 (1% of the shipping cost).e. None of these.In April of 2021, Best Speaker Company expects to sell 470 bluetooth speaker units. Expenses are as follows: Cost of goods sold is P178 per unit Shipping costs are P31 per unit Miscellaneous costs are P10 per unit Salaries are P80,000 per month Rent is P20,000 per month Utilities are P10,000 per month Calculate the following for April 2021: A. Variable Operating Expense B. Fixed Operating Expense C. Total Operating Expense
- A supplier sells MF Tires to dealers. The annual demand is approximately1,000 tires. The supplier pays P50 for each tire and estimates that the annualholding cost is 20 percent of the total value of tires. It costs approximatelyP25 to place an order. The supplier currently orders 80 tires per month.Required:a. Calculate ordering, holding, and total inventory costs for thecurrent ordered quantity.b. Determine the EOQ.c. How many orders will be placed per year using the EOQ?d. Calculate ordering, holding, and total inventory costs for the EOQand also determine the change in total inventory cost.Dunne Co. sells equipment service contracts that cover a twoyear period. The sales price of each contract is $600. Dunne's past experience is that, of the total dollars spent for repairs on service contracts, 40% is incurred evenly during the first contract year and 60% evenly during the second contract year. Dunne sold 1,000 contracts evenly throughout the 2020. 1. What is the contract revenue for 2020? a. 120,000 b. 240,000 c. 300,000 d. 150,0002. What amount should be reported as deferred service revenue on December 31,2020? a. 540,000 b. 480,000 c. 360,000 d. 300,0003. What is the contract revenue for 2021? a. 180,000 b. 360,000 c. 300,000 d. 120,0004. What is the contract revenue for 2022? a. 240,000 b. 360,000 c. 180,000 d. 0The following is the income statement of Marielle Hotel for the Year ended December 31,2021 Marielle Hotel Income Statement For the Year Ended December 31, 2021 Sales (20,000 units) P300,000 Less: Cost of Goods Sold 180,000 Gross Income 120,000 Less: Selling Price and Administrative Expenses 80,000 Operating Income P40,000 Other Data: 1/3 of the cost of good sold is fixed 75% of the selling and administrative expenses is variable. Required: Compute for the new Income Statement
- 4. For each following activity, determine the amount of value-added and non-value-added costs. a. The company keeps 7 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs are $50,000 per day. b. A time-and-motion study revealed that it should take 10 minutes to produce a product that now takes 50 minutes to produce. Labor is $18 per hour. c. Warranty work costs the firm $500,000 per year. Warranty costs for the industry average $100,000 per year.Bandoy Company produced 100,000 units of product and sol 75,000 units at P3.0 per unit in 2018. Variable unit cost are: MAnufacturing - P1.6; selling - P0.15. Fixed costs for 2018 include P30,000 of fixed manufacturing costs and P41,250 of fixed selling and administrative expenses. What would be the net income for 2018, using the absorption costing? *Assume that projected revenue for 2018 is 1,058,949. Also assume the following projected 2018 costs in each of the cost categories from question one: Packaged (Cans & Bottles) $140,847 Kegs $65,238 Shrinkage/WIP Loss $42,000 Contract Labor $9,000 Direct Labor $240,000 Freight $18,000 Consumer Advertising $30,000 Trade Promotion $30,000 Sales Promotion $18,000 Salaries & Benefits $180,000 Given these costs, compute Shannon’s projected contribution in dollars.