%24 Bridgeport Corp. manufactures and sells a nutrition drink for children. It wants to develop a standard cost per gallon. The following are required for production of a 100 gallon batch: 2,000 ounces of lime Kool-Drink at $.12 per ounce 44 pounds of powdered honey at S.60 per pound 67 kiwi fruit atS.50 each 100protein tablets at 5.90 each 4,400ounces of water at $.003 per ounce Bridgeport estimates that 2%of the lime Kool-Drink is wasted, 20% of the powdered honey is lost, and 10% of the kiwis cannot be Compute the standard cost of the ingredients for one gallon of the nutrition drink. (Round intermediate.calculations and final answer to 2, decimal places, e g 52.75.) Standard Cost per Gallon e Textbook and Media Attempts: 0 of 3 used Submit Answer

%24 Bridgeport Corp. manufactures and sells a nutrition drink for children. It wants to develop a standard cost per gallon. The following are required for production of a 100 gallon batch: 2,000 ounces of lime Kool-Drink at $.12 per ounce 44 pounds of powdered honey at S.60 per pound 67 kiwi fruit atS.50 each 100protein tablets at 5.90 each 4,400ounces of water at $.003 per ounce Bridgeport estimates that 2%of the lime Kool-Drink is wasted, 20% of the powdered honey is lost, and 10% of the kiwis cannot be Compute the standard cost of the ingredients for one gallon of the nutrition drink. (Round intermediate.calculations and final answer to 2, decimal places, e g 52.75.) Standard Cost per Gallon e Textbook and Media Attempts: 0 of 3 used Submit Answer

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter27: Lean Manufacturing And Activity Analysis

Section: Chapter Questions

Problem 1PA: Lean principles Bright Night, Inc., manufactures light bulbs. Its purchasing policy requires that...

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Gatorade manufactures and sells a nutrition drink for children. It wants to develop a standard cost per gallon. The following are required for production of a 100 gallon batch: 15 minutes 1,960 ounces of lime Cool-Drink at $.12 per ounce 40 pounds of sugar at $.60 per pound 63 kiwi fruit at $.50 each 100 protein tablets at $.90 each 4,000 ounces of water at $.003 per ounce Gatorade estimates that 2% of the lime Kool-Drink is wasted, 20% of the sugar is lost, and 10% of the kiwis cannot be used. Instructions Compute the standard cost of the ingredients for one gallon of the nutrition drink. Please write in word
Question 2: Zeroll Ice Cream company produces and sells premium ice cream cones in Coles supermarkets. The following table shows selling price and cost information of ice cream cones: Price per cone: $ 5.00 Variable cost per cone:Ingredients $1.35Direct labour $0.45Overhead $0.20Fixed cost per month $3,000Required: a. Calculate the breakeven point in units and in dollars. Click or tap here to enter text.b. The company’s general director has determined a target profit of $6,000 for next year. Given the price and cost information above, what are the required sales in units and in dollars for the company to achieve this target? Click or tap here to enter text.c. Calculate Zeroll’s new break-even point (in units and in dollars) for each of the following independent scenarios:  Selling price decreases by $0.50 per cone. Click or tap here to enter text. Fixed costs decrease by $300 per month. Click or tap here to enter text. Variable costs increase by $0.50 per cone Click or tap here to…
35 Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $3.30 and total fixed costs are $10,000. The cat food can be sold as it is for $8.65 per bag or be processed further into Premium Green and Green Deluxe at an additional $2,500 cost. The additional processing will yield 10,000 bags of Premium Green and 3,500 bags of Green Deluxe, which can be sold for $7.65 and $5.65 per bag, respectively. If Green Health is processed further into Premium Green and Green Deluxe, the total gross profit would be:
Lean principles Bright Night, Inc., manufactures light bulbs. Its purchasing policy requires that the purchasing agents place each quarters purchasing requirements out for bid. This is because the Purchasing Department is evaluated solely by its ability to get the lowest purchase prices. The lowest bidder receives the order for the next quarter (90 working days). To make its bulb products, Bright Night requires 36,000 pounds of glass per quarter. Bright Night received two glass bids for the third quarter, as follows: Central Glass Company: 30.00 per pound of glass. Delivery schedule: 36,000 (400 lbs. x 90 days) pounds at the beginning of July to last for 3 months. Ithaca Glass Company: 30.20 per pound of glass. Delivery schedule: 400 pounds per working day (90 days in the quarter). Bright Night accepted Central Glass Companys bid because it was the low-cost bid. Instructions 1. Comment on Bright Nights purchasing policy. 2. What are the additional (hidden) costs, beyond price, of Central Glass Companys bid? Why werent these costs considered? 3. Considering only inventory financing costs, what is the additional cost per pound of Central Glass Companys bid if the annual cost of money is 8%? (Hint: Determine the average value of glass inventory held for the quarter and multiply by the quarterly interest charge, then divide by the number of pounds.)
Question #1 Keep Clean Manufacturers produces two products; Purline and Furline. Both products use raw material Fluoride and Glycerol. Each unit of Purline uses three (3) grams of Fluoride and five (5) litres of Glycerol. Each unit of Furline uses two (2) grams of Fluoride and four (4) litres of Glycerol. Each gram of Fluoride is expected to cost $25 and a litre of Glycerol $30. Sales and finished goods inventory budget for the year 2020 are as follows:Purline FurlineBudgeted Sales 20,000 units Budgeted Sales 16,000 unitsOpening Inventory 3,500 units Opening Inventory 2,500 unitsClosing Inventory 2,000 units Closing Inventory 1,500 unitsSelling Price $300 Selling Price $350 As at January 1, 2020, opening inventories of raw material are 800 grams of Fluoride and 1,000 litres of Glycerol. At the end of 2020, the company plans to hold 2,000 grams of fluoride and 1,800 litres of Glycerol. The warehouse and stores…
Question #1 Keep Clean Manufacturers produces two products; Purline and Furline. Both products use raw material Fluoride and Glycerol. Each unit of Purline uses three (3) grams of Fluoride and five (5) litres of Glycerol. Each unit of Furline uses two (2) grams of Fluoride and four (4) litres of Glycerol. Each gram of Fluoride is expected to cost $25 and a litre of Glycerol $30. Sales and finished goods inventory budget for the year 2020 are as follows:Purline FurlineBudgeted Sales 20,000 units Budgeted Sales 16,000 unitsOpening Inventory 3,500 units Opening Inventory 2,500 unitsClosing Inventory 2,000 units Closing Inventory 1,500 unitsSelling Price $300 Selling Price $350 As at January 1, 2020, opening inventories of raw material are 800 grams of Fluoride and 1,000 litres of Glycerol. At the end of 2020, the company plans to hold 2,000 grams of fluoride and 1,800 litres of Glycerol. The warehouse and stores…
6. Stuffed Animals, Inc. has decided to focus strictly on producing and selling one type of teddy bear. For the upcoming year, Stuffed Animals, Inc. hopes to make a 25% profit on sales. Fixed costs are set at $ 51,000, and variable costs are $ 9.50 per unit. If teddy bears are sold at $ 15 each, how many bears must be sold to meet the profit goal?
12. Fruit Cake Specialist sells 36,000 fruit cakes annually. Annual carrying costs are P5 per fruitcake and the ordering costs are P100 per order The firm has decided to maintain a safety stock of one month's sale or 3,000 fruitcakes.. the delivery time per order is 5 days. assume a 365- day year. What is the economic order quantity (EOQ)?
Question 2 Ronamart needs 1000 coffee makers per year. The cost of each coffee maker is $78. Ordering cost is $100 per order. Carrying cost is $20 of unit cost. Lead time is 5 days. RonaMart is open 360 days/yr. Required: 2. how many times per year does the store reorder? 3. What is the length of order cycle? 4. What is the total annual cost if EOQ Quantity is ordered?
10. Rough Stuff makes 2 products: khaki shorts and khaki pants for men. Each product passes through the cutting machine area, which is the chief constraint during production. Khaki shorts take 15 minutes on the cutting machine and have a contribution margin per pair of shorts of $16. Khaki pants take 24 minutes on the cutting machine and have a contribution margin per pair of pants of $32. PLEASE NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). For khaki pants and khaki shorts, use commas as needed (i.e. 1,234). Part A: If it is assumed that Rough Stuff has 4,800 hours available on the cutting machine to service a minimum demand for each product of 3,000 units, how much will profits increase if 100 more hours of machine time can be obtained? [HINT - You should convert the hours to minutes.] What is the contribution margin per the constrained resource for khaki pants? . What is the contribution margin per the constrained…
3. Ice Cream Company makes three products (Chocolate Ice Cream, Vanilla Ice Cream, and Strawberry Ice cream), all of which use a very rare ingredient called Nitra Cream. Ice Cream Company can purchase only 500 ounces of Nitra Cream per month from a South American source. Below are data for the three products: Chocolate Vanilla Strawberry Unit selling price $40 $32 $50 Unit variable cost 10 20 30 Unit contribution margin $30 $12 $20 Nitra Cream (ounces per unit) 10 15 20 How should Ice Cream Company allocate the 500 ounces of Nitra Cream, assuming it can sell unlimited quantities of all three produces? PLEASE EXPLAIN WITH STEPS Select one: A. All 500 ounces should be allocated to Chocolate Ice Cream. B. All 500 ounces should be allocated to Vanilla Ice Cream. C. All 500 ounces should be allocated to Strawberry Ice Cream. D. None of the above
24. Odd Wallow Drinks is considering adding a new line of fruit juices to its merchandise products. This line of juices has the following prices and costs. Selling price per case (24 bottles) of juice $ 96 Variable cost per case (24 bottles) of juice $ 56 Fixed costs per year associated with this product $ 12,760,000 Income tax rate 40 % Required: a. Compute Odd Wallow Drinks's break-even point in units per year. b. How many cases must Odd Wallow Drinks sell to earn $1,914,000 per year after taxes on the juice?