Required: What are the current gross profit margin percentages on both systems? UR Safe's management believes that it must drop the price on the ICU 100 to $760 and on the ICU 900 to $1,400 to remain ompetitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the arget cost needed for each product to maintain the current gross profit margin percentages. For all requirements, round your percentage answers to 2 decimal places (i.e. .1234 = 12.34%) and other answers to the nearest whole dollar amount.) 1. 2. Current profit margin Profit margin Target cost ICU 100 % % ICU 900 % %
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- Please help with a summary of this article. Security Manufacturing, Inc. is a producer of surveillance systems. Its current line of surveillance systems are selling excellently. However, in order to cope with the foreseeable competition from other similar products, SM spent $6,000,000 to develop a new line of HD surveillance systems (new model development cost). The comprehensive 1440p HD surveillance system model can be used very well for any small home or business. As a result of the advanced HD analog technology made up of a 4-channel 4K ultra high definition MPX digital video recorder with two 1440p bullet and two 1440p dome weatherproof security cameras, the system can produce videos of remarkable level of clarity and details at the marvelous 2560x1440 resolution for live viewing and recording. This new and professional-grade system can also provide users with sharp HD resolution and outstanding night visions of up to 250 feet. The HD MPX DVR comes with a hard drive size of 5TB…Identification. Pocket Umbrella, Inc., is considering producing a new type of umbrella. This newpocket-sized umbrella would fit into a coat pocket or purse. Classify the following costs of thisnew product as direct materials, direct labor, manufacturing overhead, selling expense, oradministrative expense.6. The salary of the supervisor of the people who assembled the product7. Wages of the product tester who stands in a shower to make sure the umbrellas do not leak8. Cost of market research survey9. Salary of the company’s sales managers10. Depreciation of administrative office buildingB. Essay. Answer below questions as required.1. Identify the three elements of cost incurred in manufacturing a product and indicate thedistinguishing characteristics of each. 2. What is the general content of a statement of cost of goods manufactured? 3. What is the relationship of the cost of goods manufactured to the income statement? 4. How did you cope up with your studies in this “new normal”…The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine which one has the best average rate of return. Machine A Machine B Machine C Estimated average income $45,593.52 $70,301.40 $72,086.10 Average investment 325,668.00 234,338.00 480,574.00
- The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine which one has the best average rate of return. Line Item Description Machine A Machine B Machine C Estimated average income $47,060.44 $72,961.50 $73,785.60 Average investment 336,146.00 243,205.00 491,904.00 a. Machine C b. Machine A c. Machines B and C have the same preferred average rate of return. d. Machine BAt Jeekes PolyChem Products LLC, customers needs are translated into product specifications by the design or engineering department. Which of the following objectives of production management is addressed by Jeekes Polychem Products LLC? a. Right time b. Right quality c. Right quantity d. Right cost Mr. Saud bought a new mobile phone for himself. He explained to his friend that the mobile phone has a camera, Facebook facility, and music facility in addition to the basic functions like phone calls and messaging. Which dimension of "product quality" is Mr. Saud referring to? a. Features b. Aesthetics c. Reputation d. ConformanceAlameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile installation, which might also increase the demand for its products. The basic installation course has the following (tentative) price and cost characteristics. Need Assistance with Req C2, Req C3, Req C4
- You want to add a new Product and Services entry to your client's QuickBooks Online company. The service is installation of a server that doesn't include the cost of the hardware. Here are some steps for getting the job done. 1. Select the Gear icon, select Products and Services, then select New2. _____________________________________________3. In the Name field, type Server installation4. In the Sales information field, type Server installation5. Sale price/rate is $12506. In the Income Account drop-down, select Service/Fee Income7. Select Save and close Which option correctly completes Step 2? A. Select Product B. Select Inventory C. Select Service D. Select Non-inventory E. Select BundleWhat are the important EOQ assumptions and comment if theseassumptions are realistic in a real-world situation. (c) CalcCo is a manufacturer of calculators, currently producing 200 perweek. One component for every calculator is a liquid crystal display(LCD), which the company purchases from LCDCo for £1 per LCD.CalcCo management wants to avoid any shortage of LCDs, since thiswould disrupt production, so LCDCo guarantees a delivery time of 0.5weeks on each order. The placement of each order is estimated torequire 1 hour of clerical time, with a direct cost of £15 per hour plusoverhead costs of another £5 per hour.What should be the Economic Order Quantity (EOQ), the reorder point(assume no safety stock) and the TC? To ensure production continuityCalcCo determined that the standard deviation of the lead timedemand is 20 LCDs. To ensure a 90% confidence of productioncontinuity the company has decided to introduce a safety stock. Whatis this stock and re-calculate the order point.(d)…Engery Cost Savings (Green Computing) The below data represents cost (expenses) and savings for Thom-Pierre Consultants (TPC) for all organizational computer use for 2018 and 2019. TPC implemented a green computer initiative in January 2019. Operating Cost Computer type General Computer Use (2018) Green Computer Use (2019) Savings Notebook Dual Core 17490 9500 Notebook Quad Core 21000 12500 PC Dual Core 34500 21200 PC Core Duo 42000 21450 Servers Core Duo 25000 16550 Servers 4 Core Duo 30000 12450 Total
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