Apply chart Style 7. Change the chart title to Direct Expenses Edit the Vertical (Value) Axis so that the Minimum is 8000000 and the Major unit is 1000000
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- The following information is given for Gator Company, who uses the FIFO method. Item Quantity Cost NetRealizableValue ReplacementCost NRVMinusNormalProfit 1 1 $17.70 $24.60 $18.00 $17.10 2 1 10.80 8.28 9.30 5.58 3 1 72.00 64.80 67.20 57.60 4 1 4.80 3.12 2.88 2.64 5 1 12.00 12.30 12.60 11.10 6 1 48.00 45.60 38.40 40.80 Required: a. Determine the lower of cost or net realizable value for each inventory item for Gator Company. Item 1 2 3 4 5 6 b. Determine the lower of cost or net realizable value for Gator Company's inventory if the lower of cost or net realizable value rule is applied to the total inventory.$_______2. Calculate the relative distribution percentages for each quality cost category. Round percentages to one decimal place if rounding is required. For example, 5.789% would be entered as "5.8". Prevention fill in the blank f53288f73071ff5_1 % Appraisal fill in the blank f53288f73071ff5_2 % Internal failure fill in the blank f53288f73071ff5_3 % External failure fill in the blank f53288f73071ff5_4 % Comment on the distribution. Quality Cost Report, Taguchi Loss Function Kathy Shorts, president of Oliver Company, was concerned with the trend in sales and profitability. The company had been losing customers at an alarming rate. Furthermore, the company was barely breaking even. Investigation revealed that poor quality was at the root of the problem. At the end of 20x5, Kathy decided to begin a quality improvement program. As a first step, she identified the following costs in the accounting records as quality related: 20x5 Sales (644,000 units @ $100) $64,400,000…Cont of pictures: Calculate gross profit rate under each of the following methods 1. LIFO 2. FIFO 3. Average-cost (Round answers to 1 decimal place, e.g. 51.2%)
- Refer to the pictur ebelow: Find: 1. Total Cost of Product A under ABC System2. Total Cost of Product B under ABC System3. Selling Price per unit of Product B assuming profit margin of 20% above costassume that markup is based on selling price. calculate cost and selling price. dollar markup s $5.60 and percent on markup cost is 101.82%.10 - In cases where actual costs are applied, all of the expenses collected in the expense accounts; In case of using predetermined cost methods, which accounts are used to ensure that the expenses determined according to them are reflected in the relevant accounts?A) Balance accountsB) Results AccountsC) Inflation Adjustment AccountsD) Reflection AccountsE) Difference Accounts
- can u make like this in excel, and correct this two highlighted digit should have the same result COST AD (annual) F&F = 119,000 12760 M&E = 112,120 133903. The following information relates to CEE Company: (Refer to image). Assume that the company uses the average cost approach. What is the cost ratio? Express your answer in percentage and round up to two decimal points.5. Under 75% sale assumption, using absorption costing, the ending inventory balance is? 6. Under 75% sale assumption, using variable costing, the ending inventory balance is? 7. Under 75% sale assumption, using variable costing, the ending inventory balance can be calculated by: (150,000 + 75.000+ 25,000) x 25%a) True b) False
- Determine the missing amounts. Unit SellingPrice Unit VariableCosts Unit ContributionMargin Contribution MarginRatio 1. $750 $375 $ (a) % (b) 2. $450 $ (c) $153 % (d) 3. $ (e) $ (f) $760 40 %The Marginal Revenue function for a company's product is:MR = 240000 - 22xwhere x equals the number of units sold. If total revenue equals 0 when 0 units are sold, determine the total revenue.Additional information for No.'s 1 and 4 Selling and administrative expenses are 60% fixed and 40% variable What is the net income for 2020 under the Variable Costing Method? What is the net income for 2020 under the Absorption Costing Method? What is the net income for 2021 under the Variable Costing Method? What is the net income for 2021 under the Absorption Costing Method?
