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- Prepare an excel sheet for undergiven answers:please prepare excel sheet ....5. Cost of Inventory Sold: Cost of jeans sold: 16 * $19 = $304Cost of sweaters sold: 2 * $9 = $18Cost of purses sold: 2 * $27 = $54Cost of suits sold: 2 * $67 = $134Total Cost of Inventory Sold = $304 + $18 + $54 + S134 = S510 6. Gross Margin: Gross Margin = Total Gross Sales - Total Cost of Inventory Sold Gross Margin = $1,418 - $510 = $908 7. Direct Expenses for the Month: Advertising: $200Salaries: $500Rent expenses: S200Total Direct Expenses for the Month = $200 + $500 + 5200 = S900 Direct Expenses for the Day (assuming a 31-day month) = Total Direct Expenses for the Month / 31 Direct Expenses for the Day = $900 / 31 = $29.03 8. Indirect Expenses for the Month: Water: $75Electricity: $89Insurance: $60Total Indirect Expenses for the Month = $75 + 589 + 560 = 5224 Indirect Expenses for the Day (assuming a 31-day month) = Total Indirect Expenses for the Month / 31 Indirect Expenses for the Day = $224 / 31 =…During the month of July, your company makes $12,000 in total sales. Supplies cost you $3,000, and you pay your employees $4,000. What are your total accounting profits? a. $4,000 b. $5,000 c. $12,000 d. $7,000Please answer correct explain plz 1 and 2 asap Don't answer by pen paper plz
- Selected accounts with some amounts omitted are as follows Work in Process Oct. 1 Balance 20,700 Oct. 31 Finished goods X 31 Direct materials 90,100 31 Direct labor 172,700 31 Factory overhead X Finished Goods Oct. 1 Balance 12,200 31 Goods finished 306,100 If the balance of Work in Process on October 31 is $205,900, what was the amount of factory overhead applied in October? a.$172,700 b.$90,100 c.$399,300 d.$228,50023.Describe how the automoble industry affect both national economics and society.1.Consumer only wants low price product no need for quality Yes No 2.Choose the best from below in terms of more supply points Pipe line Air transport Road Transport 3.Packaging cannot be considered in Supply Chain Management Yes NO 4.Pick Goods is the function of ware housing Yes No 5.When considering moving goods following factor is very important Perishability Look of the product Need of the product 6.Which one of Below are the categories of inventory Safety Stock Open stock Closed stock 7.Ultimate goal of SCM is Customer satisfaction with profitability Yes No 8.ISO9001 is a international quality standard Yes No 9.Storage of goods is a part of warehousing Yes No 10.Purpose of holding inventory is for Improve stock in hand Improve company stcok Improve customer…
- Can i i get some idea what to write in that analysis?I have no idea what to write. Plz provide me a brief solution for that issue so that i can further write in detail.You are scheduling production of your popular Rustic Coffee Table. The table requires a top, fourlegs, 1/8 gallon of stain, 1/16 gallon of glue, 2 short braces between the legs and 2 long bracesbetween the legs, and a brass cap that goes on the bottom of each leg. You have 100 gallons ofglue in inventory, but none of the other components. All items except the brass caps, stain, andglue are ordered on a lot-for-lot basis. The caps are purchased in quantities of 1,000, stain and glueby the gallon. Lead time is 1 day for each item. a) Schedule the order releases necessary to produce 640 coffee tables on days 5 and 6, and128 on days 7 and 8. (See Appendix A1.) I need answer in appendix A1 MRP form Please take note of this !!!1. mary williams, owner of Williams products, is evaluating whether to introduce a new product line. after thinking through the production process and the costs of raw materials and new equipment, williams estimates the variable costs of each unit produced and sold at $6 and the fixed costs per year at $60,000 a. if the selling price is set at $18 each, how many units must be produced and sold for williams to break even? use both graphic and algebraic approaches to get your answer b. williams forecasts sales of 10,000 units for the first year if the selling price is set at $14 each. what would be the total contribution to profits from this new product during the first year? c. if the selling price is set at $12.50, williams forecasts that first-year sales would increase to 15,000 units. which pricing strategy ($14 or $12.50) would result in the greater total contribution to profits? d. what other considerations would be crucial to the final decision about…
- 1. Definition of economic costs Yakov lives in San Diego and operates a small company selling bikes. On average, he receives $694,000 per year from selling bikes. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $392,000. He also pays several utility companies, as well as his employees wages totaling $289,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $2,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Yakov does not operate the bike business, he can work as a programmer and earn a yearly salary of $20,000 with no additional monetary costs, and rent out his storefront at the $2,000 per year rate. There are no other costs faced by Yakov in running this bike company. Identify each of Yakov’s costs in the following table as either an implicit cost or an explicit cost of selling bikes. Implicit Cost Explicit Cost…the right answer is A and C and i wonder why. pls explain by details, thx![The following information applies to the questions displayed below.] Pete’s Tennis Shop has the following transactions related to its top-selling Wilson tennis racket for the month of August. Pete’s Tennis Shop uses a periodic inventory system. Date Transactions Units Unit Cost Total Cost August 1 Beginning inventory 8 $ 160 $ 1,280 August 4 Sale ($225 each) 5 August 11 Purchase 10 150 1,500 August 13 Sale ($240 each) 8 August 20 Purchase 10 140 1,400 August 26 Sale ($250 each) 11 August 29 Purchase 11 130 1,430 $ 5,610 For the specific identification method, the August 4 sale consists of rackets from beginning inventory, the August 13 sale consists of rackets from the August 11 purchase, and the August 26 sale consists of one racket from beginning inventory and 10 rackets from the August 20 purchase. 3. Using LIFO, calculate ending inventory and cost of goods sold at August 31.