estion 11 A national retail store chain sells the XP Dog crate for $310 plus the applicable urisdictional sales taxes (GST and PST or HST). What is the final cost difference between consumers in Ontario and Saskatchewan when purchasing the XP Dog rate?
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- 12. Menchie Corporation is developing standards for its products. One product requires an input that is purchased for P57.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price. Shipping costs from the supplier's warehouse amount to P3.60 per kilogram. Receiving costs are P0.26 per kilogram. The standard price per kilogram of this input should be: A.P 57.70 В. Р 56.30 С. Р 65.42 D. P 57.00K2. Mama Lil’s Butt-Kicking Peppers are sold for the retail price of $12 per jar at Whole Foods, who marks up the cost of the peppers 100%. Mama Lil’s pays a manufacturer representative a 10% commission on sales. If Mama Lil’s sells 120,000,000 units a year, what is the selling expense? a. $72,000 b. $144,000 c. $72,000,000 d. $144,000,000 e. It cannot be determinedQuestion 3:A supplier sells Hipoint-brand pens to stationary shops. The annual demand isapproximately 24,000 pens. The supplier pays SR5 for each pen and estimates that theannual holding cost is 30 percent of the pen's value. It costs approximately SR350 to placean order. The supplier currently buys 1000 pens per orderi. Determine the annual ordering and inventory cost (in SR) for current orderquantity.ii. Determine the economic order quantity (EOQ).iii. Determine the total annual cost for the EOQ
- 13. One of the following is not a purchase cost of inventoriesa. non-refundable taxes b. trade discounts c. import duties d. handling cost 14. A markup of 40% on cost is equivalent to what markup on selling price?a. 29%b. 40%c. 31%d. 25% PLEASE ANSWER IMMEDIATELYThe following relates to a single sale of goods made by Spurs in 2023: Selling price P500,000Freight costs 5,000Terms 3/15, n/30Shipping Date December 28, 2023Date goods received by the customer January 3, 2024Date payment is received by Spurs January 5, 2024 Question:9. If the term is FOB destination, how much sales should be recorded by Spurs for the year ended December 31, 2023? a. P0b. P490,000c. P495,000d. P500,00039 - Since the sales price of a product is 590 TL within VAT (Value Added Tax), find the sales price without VAT (VAT rate is 18%.)A) 350B) 300C) 400D) 450E) 500
- A6) Finance XYZ is a retailer and sells 179,000 units per year. It purchases from a single supplier. Fixed costs per order are $868 and carrying cost is $11 per unit. How many units should XYZ purchase per order? That is, what is the Economic Order Quantity? Enter your answer rounded off to two decimal points. Margin for error: +/- 1QUESTION 1 a) The annual demand for Praise Limited’s inventory is 10,500 units. The item costs GH¢400 a unit to purchase. The holding cost for one unit for one year is 12% of the unit cost and ordering costs are GH¢450 per order. The supplier offers a 2% discount for orders of 700 units or more and a discount of 3% for orders of 950 units or more. Required: Determine the cost minimising order size of the company. b) Kwame after his National Service and with no hope of securing a job in the formal sector has decided to run a taxi service. The following forecast has been made for the operation of a service between Abisim and Sunyani. i) Revenue totaling GH¢300 a week for 52 weeks in a year. This is net of fuel and other variable costs. ii) Tyres; four pieces for a year at GH¢120 per unit. iii) Maintenance and servicing; GH¢120 per month. iv) Salaries GH¢3,000 per year v) Insurance GH¢350 per year The net cash flow will increase at 5% per annum for the next five years due to inflation.…A manufacturer sells his final product for R 100 plus VAT @ 15 % to a Wholesaler. The Wholesaler sells the product at a mark-up of 50 % above cost to the manufacturer. If the retailer s mark up on cost is 25 %, the final consumer will pay ----------- (Including VAT).A. R 215.63B. R 187.50C. R243.68D. R171.00
- Page 2 The NUBD Co. sells Product A for P60 each. Variable costs are P36 per unit. Fixed costs are P375,000. a. How much sales in units must be reached to realize a Net income of P102,000 before income taxes. b. How much sales in units must be reached to realize a Net income of P97,500 after income taxes. Tax rate is 35% c. How much sales in pesos must be reached to realize a Net income of 15% of sales. Ignore income taxes.D. Markup and Markdown1. A car accessory is sold for Php 420 .90. The store’s marked-up based oncost is 43.28%. What is the cost of the accessory? What is the rate ofmarkup?2. A strawberry juice was offered for sale at Php 25.50 at E-mart. At Lottemart, the selling price of a similar juice drink was Php 30.50. What rate ofmarkdown would Lotte mart offer to sell the drink at the same price asE-mart?E. Profit From Loss1. Ryeowook buys an old scooter for Php 14 700 and spends Php 1 800 onits repairs. If he sells the scooter for Php 15 800, what is his gain or loss?2. A dealer losses Php 5 000 when he sells meat at a loss of 10%. Howmuch is the selling price of the meat?F. Breakeven1.A barbecue stall sells barbecue at Php 10 per piece. The fixed cost is Php5 000 and the variable cost is Php 5 per piece. At what level of productionwill it generate a profit of Php 1 000?2. An electric company that produces calculators has an annual fixed costof Php 450 000. The variable cost of producing a…PA1. 10.1 When prices are rising (inflation), which costing method would produce thehighestvalue for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
