1/1CengageNOWv2 | Online teachin xGULreenng Tt. H.I: Xgenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseeBookShow Me HowAlmond Treats manufactures various types of cereals that feature almonds. Acme Cereal Company has approached Almond Treats with a proposal to sell the company its top sellingcereal at a price of $22,000 for 20,000 pounds. The costs shown are associated with production of 20,000 pounds of almond cereal:Direct material$13,100Direct labor006Manufacturing overhead000nTotal$25,000The manufacturihg overhead consists of $1,800 of variable costs with the balance being allocated to fixed costs.A. Calculate the differential cost of Acme?B. Should Almond Treats make or buy the almond cereal?

This whole question is based on the concept Relevant cost What is Relevant cost? In simple words,…

Answered: A. Calculate the differential Cost ol…

Business

Accounting

A. Calculate the differential Cost ol ACme? B. Should Almond Treats make or buy the almond cereal?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter16: Manufacturing Accounting (mfg)

Section: Chapter Questions

Problem 2R

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Instruction: Please answer the following with complete solution and explanation. Thank you! 1. Summer Company offers a set of building blocks to customers who send in three (3) UPC codes from Summer cereal, along with P50.00. The blocks sets cost Summer P110 each to purchase and P60 each to mail to customers. During 20x1, Summer sold 1,000,000 boxes of cereal. The company expects 30% of the UPC codes to be sent in. During 20x1, 120,000 UPC codes are redeemed. Required: 1. What is the cost of estimated claims outstanding? 2. Prepare Summer’s December 31, 20x1 adjusting entry.
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