Cheese boxes packaged per week 1-100 101-300 301 and over Last week, a woman packaged 291 boxes of Holiday Cheese Assortment. Find her gross weekly earnings if she is paid at the differential piece rate that is shown on the right. Pay per package $1.88 $2.12 $2.18 The
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Gross earning is the earning that has been earned by the operation of the business of the company.
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- Haala Inc. is a merchandising company. Last month the company's cost of goods sold was $68,000. The company's beginning merchandise inventory was $11,000 and its ending merchandise inventory was $17,000. What was the total amount of the company's merchandise purchases for the month? Question 20 options: $96,000 $62,000 $68,000 $74,000A salesperson receives step commission on sales calculated as follows: 8% on first $1,000 12% next $2,000 20% on sales above 3,000 Calculate the salesperson’s earning in one week if their sales were as follows: Monday-$1500 Tuesday-$3000 Wednesday-$970.00 Thursday-$4563.81 Friday- $2760.42Assume a merchandising company’s estimated sales for January, February, and March are $101,000, $121,000, and $111,000, respectively. Its cost of goods sold is always 30% of its sales. The company always maintains ending merchandise inventory equal to 10% of next month’s cost of goods sold. What are the required merchandise purchases for January? Multiple Choice $29,700 $33,740 $36,300 $30,900
- Susan Wilson sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $ 160,000 Cost of goods sold (all variable) 100,000 Gross margin 60,000 Selling expenses (75% variable) 12,000 Administrative expenses (25% variable) 20,000 Operating income $ 28,000 (a) Prepare a contribution format income statement for Susan. (Round answers to 0 decimal places, e.g. 5,275.) select an income statement item $enter a dollar amount select an opening name for section one : select an income statement item $enter a dollar amount select an income statement item…Answer in 2 decimal places. Rate will be given! Crumbley Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Product W12 Product X34 Sales ₱16,000 ₱48,000 Variable expenses ₱5,920 ₱7,520 Fixed expenses for the entire company were ₱42,760. a. Determine the overall break-even point for the company in total peso sales?Borich Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit $150.00 Variable expense per unit $73.50 Fixed expense per month $308,295 The break-even in monthly unit sales is closest to: (Round your intermediate calculations to 2 decimal places.) Group of answer choices 2,055 4,030 4,194 3,426
- Assume a merchandising company’s estimated sales for January, February, and March are $118,000, $138,000, and $128,000, respectively. Its cost of goods sold is always 35% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month’s cost of goods sold. It pays for 25% of its merchandise purchases in the month of the purchase and the remaining 75% in the subsequent month. What is the accounts payable balance at the end of February? Multiple Choice $32,025 $33,205 $11,900 $35,700Data concerning Follick Corporation's single product appear below: Selling price per unit $ 110.00 Variable expense per unit $ 30.80 Fixed expense per month $ 321,552 The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,148,400 $638,851 $321,552 $446,600Silver Crafts, Inc. purchases and sells bracelets. The following information summarizes the company's operating activities for the year: Selling and Administrative Expenses $4,800 Purchases 158,000 Sales Revenue 790,000 Merchandise Inventory, January 1 2,300 Merchandise Inventory, December 31 38,550 If the company sold 7,400 bracelets during the year, how much is the unit cost for one bracelet? (Round your answer to the nearest cent.)
- Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $40. Wesley expects the following unit sales: January 2,200 February 2,500 March 2,700 April 2,500 May 2,100 Wesley’s ending finished goods inventory policy is 35 percent of the next month’s sales. Suppose each handisaw takes approximately 0.65 hour to manufacture, and Wesley pays an average labor wage of $13.50 per hour. Each handisaw requires two plastic components that Wesley purchases from a supplier at a cost of $3.00 each. The company has an ending direct materials inventory policy of 10 percent of the following month’s production requirements. Materials other than the plastic components total $4.50 per handisaw. Manufacturing overhead for this product includes $66,000 annual fixed overhead (based on production of 24,000 units) and $0.90 per unit variable manufacturing overhead. Wesley’s selling expenses are 6 percent of…Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $70. Wesley expects the following unit sales: January 2,200 February 2,500 March 3,100 April 2,600 May 2,100 Wesley’s ending finished goods inventory policy is 35 percent of the next month’s sales.Suppose each handisaw takes approximately 0.55 hours to manufacture, and Wesley pays an average labor wage of $14.50 per hour.Each handisaw requires a plastic housing that Wesley purchases from a supplier at a cost of $7.00 each. The company has an ending direct materials inventory policy of 10 percent of the following month’s production requirements. Materials other than the housing unit total $4.00 per handisaw.Manufacturing overhead for this product includes $63,000 annual fixed overhead (based on production of 21,000 units) and $0.80 per unit variable manufacturing overhead. Wesley’s selling expenses are 7…The Dermaniaga Company has the following information available: Table 3: Total Monthly Sales Month Sales (RM) June 68,000 July 72,000 August 74,000 September 76,000 October 78,000 Additional information: Sales price per unit is RM200 and the finished goods inventory level is 25% of the next month's unit sales. 5 kilograms of materials are required for each unit produced and the cost is RM50/kg. Inventory levels for materials equal 40% of the needs for the next month. Desired ending inventory for September is 157 kilograms of materials. Beginning inventory for July was 138 kilograms of materials. Each unit requires 0.8 hours of direct labor and the average wage rate is RM12 per hour. required: a) Explain the difference between sales forecast and sales budget.