IRON ORE COST SHEET1. Please, prepare the cost sheet, based on the following informationa) Commodity: Iron Oreb) Quantity: 250,000 MT in bulkc) Exchange rate: US $1.00 = CAD S1.25d) Cost Ex-warehouse: USD$60 per MTe) Trucking (freight to dock): USDS10,000,000) Wharfage and handling: USD$25 per MTg) Finance charge: 2.5%h) Profit margin: 7%i) Agent's commission: USD$125,000j) Ocean freight: USD$12,500,000 for total shipmentk) Marin insurance: 1% on110% of the C&F valuePlease, use the attached cost sheet to make your calculations, show all calculations,Round your final answer to the nearest dollar amount; then, put the final price tothe nearest $5 amount.CostsCADSUSSNotesCostCostCost [EXW] Ex-warchouseTrucking (freight to dock)Cost to DockWharfage and HandlingCost FAS (beside vessel)Finance ChaProfit MarginAgent's CommissionPrice FOBConvert to US$(move to new column)Ocean FreightPrice [CFR] C&FMarine InsuranceTotal [CIF] CIFRound to the nearest US$Round to the nearest US$5

Name: IRON ORE COST SHEET1. Please, prepare the cost sheet, based on the fo
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Description: IRON ORE COST SHEET1. Please, prepare the cost sheet, based on the following informationa) Commodity: Iron Oreb) Quantity: 250,000 MT in bulkc) Exchange rate: US $1.00 = CAD S1.25d) Cost Ex-warehouse: USD$60 per MTe) Trucking (freight to dock): USDS

Cost sheet- Standard cost sheets are cost cards that help determine the number of materials, labor,…

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IRON ORE COST SHEET 1. Please, prepare the cost sheet, based on the following information a) Commodity: Iron Ore b) Quantity: 250,000 MT in bulk c) Exchange rate: US $1.00 = CAD S1.25 d) Cost Ex-warehouse: USD$60 per MT e) Trucking (freight to dock): USDS10,000,000 ) Wharfage and handling: USD$25 per MT g) Finance charge: 2.5% h) Profit margin: 7% i) Agent's commission: USD$125,000

IRON ORE COST SHEET 1. Please, prepare the cost sheet, based on the following information a) Commodity: Iron Ore b) Quantity: 250,000 MT in bulk c) Exchange rate: US $1.00 = CAD S1.25 d) Cost Ex-warehouse: USD$60 per MT e) Trucking (freight to dock): USDS10,000,000 ) Wharfage and handling: USD$25 per MT g) Finance charge: 2.5% h) Profit margin: 7% i) Agent's commission: USD$125,000

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter9: Working Capital

Section: Chapter Questions

Problem 30E

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