Tried and True Clothing has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity? Store Annandale Blacksburg Charlottesville Danville Sales Volume $40.000 $12.000 $60.000 $25.000 Labor Hours 250 60 500 200
Q: purchase price. It costs the Book Shop $500 to place a single order. The maximum sale for the Book…
A:
Q: Manufacturing currently produces 4,000 bicycles per month. The following per unit data apply for…
A: The cost per unit is calculated as total cost of production divided by number of units.
Q: Following is relevant information for Snowdon Sandwich Shop, a small business that serves…
A: Contribution margin = Sales - Variable costs Net Operating Income = Contribution margin - Fixed…
Q: On January 2, the management accountant for Giada's Book Store prepared the following projected…
A: Given, Total Operating income if product continues=$5,000
Q: Rocket Shoe Company is planning a one-month campaign for August to promote sales of one of its two…
A: 1.Prepare a differential analysis report
Q: Hendry Limited produces a mini-kitchen called Town Cook, which is enjoying extensive popularity…
A: Marginal Costing method is a system of accounting under which only variable production costs are…
Q: Mary Smith owns and operates BlossomCakes, a bakery that creates personalized birthday cakes for a…
A: Required sales are used by the management to get the target income. It can be calculated by dividing…
Q: . Powered by Koffee (PBK) is a new campus coffee store. PBK uses 50 bags of whole bean coffee every…
A: We will only answer first two sub parts of the question as it is not specified which sub part is to…
Q: Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well…
A: Given the following information: Rent on factory equipment: $11,800 Insurance on factory building:…
Q: Samantha Ross is the procurement manager for the headquarters of a large Financial company chain…
A: Given that, Annual demand (A) = 7000 units per year Cost per unit = $120 Holding cost per unit (C) =…
Q: Munn Bicycle Company manufactures bicycles specifically for college campuses. The bicycles sell for…
A: There are two types of costing methods that are used in business. Under absorption costing, total…
Q: Mary Smith owns and operates BlossomCakes, a bakery that creates personalized birthday cakes for a…
A: Required sales are calculated by the management to get the ideal units to be sold for the target…
Q: Chadwick Shoe Co. produces and sells an e xcellent-quality walking shoe. After production, the shoes…
A:
Q: The Print Shop provides copying services to the general public. The Print Shop has equipment which…
A: Incremental analysis: The incremental analysis considers only the increased costs and revenues from…
Q: After working for years as a regional manager for a retail organization, Scott Parry opened his own…
A: An information system is a formal process for collecting data, processing the data into information,…
Q: Resource Supply and Usage, Special Order, Relevancy Elliott, Inc., has four salaried clerks to…
A: Cost accounting is the branch of accounting that inspects the cost structure of a business. This…
Q: Improvement Station is a national home improvement chain with more than 100 stores throughout the…
A:
Q: Carreras Café is a Spanish restaurant in a college town. The owner expects that the number of meals…
A: A budgeted income statement depicts the revenue generated and various costs incurred for the…
Q: Using Excel spreadsheet / worksheet, determine Anna's profit. Attach excel solution.
A: Operating income refers to the income or gross profit generated by the company from its operations…
Q: Gloden Company operates a retail store in Faith, Hope, and Love. Golden Company’s corporate…
A: Performance evaluation is the term used when the entity evaluates the performance of its staff, its…
Q: Calla Company produces skateboards that sell for $50 per unit. The company currently has the…
A:
Q: Ibri Company, a manufacturer of stereo systems, started its production in January 2018. For the…
A: Working Notes: Depreciation should be converted into monthly by dividing it by 12 because it is…
Q: Maynard Shoe Co. produces and sells an excellent-quality walking shoe. After production, the shoes…
A: At economic order quantity: Ordering cost, and Storing cost is minimum
Q: Tiny Tots Daycare Centre provides daycare for children Mondays through Fridays. The business had…
A: In the context of the given question, we are required to compute the number of children that must be…
Q: Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well…
A: Answer: Production costs are basically those expenses incurred by a corporation during the…
Q: Needs some help on this pracitce quiz question
A: Calculate the sales budget as follows: Formulas:
Q: The soft goods department of a large department store sells 175 units per month of a certain large…
A: Hi There, thanks for posting the question. But as per Q&A guidelines, we must answer the first…
Q: Tami Tyler opened Novelty Creations, Inc., a small manufacturing company, at the beginning of 2021.…
A: Computation of Unit Product Cost - Variable Costing Particulars Q1 Q2 Unit Product Cost:…
Q: Olympus, Inc., manufactures three models of mattresses: the Sleepeze, the Plushette, and the Ultima.…
A: It is given that the Olympus Inc manufactures.
Q: Aulman Inc. has a number of divisions including a Furniture Division and a Motel Division. The Motel…
A: 1. The maximum transfer price, in the provided situation, is $60 at which the division M is buying…
Q: ami Tyler opened Novelty Creations, Inc., a small manufacturing company, at the beginning of 2021.…
A: Unit product cost under absorption costing includes variable and fixed manufacturing costs.
Q: Macee Department Store has three departments, and it conducts advertising campaigns that benefit all…
A: Cost Allocation: It refers to the process of allocating the cost to various objects or event or…
Q: University Office Supply makes two types of staplers: manual and electric. Both staplers use the…
A: we have time 500 labor hours OR 500×60 =30,000 minutes. since we have to meet demand of 7000 manual…
Q: Resource Supply and Usage, Special Order, Relevancy Elliott, Inc., has four salaried clerks to…
A: Determine the resources classified as flexible resources and committed resources with purchasing as…
Q: Macee Department Store has three departments, and it conducts advertising campaigns that benefit all…
A: Given that: Advertising Costs = $100,000
Q: o ship its product to customers. Currently, the company’s returns department incurs annual overhead…
A: Standard Overhead rate is actual overhead rate for budgeted output. Few changes in production or…
Q: Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she…
A: Given values in the question: Cost of calculator (C) = $35 Daily demand (d) = 5 Ordering cost (Co)…
Q: Chadwick Shoe Co. produces and sells an e xcellent-quality walking shoe. After production, the shoes…
A: Re-order point is the minimum quantity of inventory in hand that a business should have at the time…
Q: A local electronic repair shop uses 15,000 units of mobile batteries each year. It costs RO 30 to…
A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…
Q: Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Following is relevant information for Snowdon Sandwich Shop, a small business that serves…
A: Contribution margin = Sales - Variable costs Net Operating Income = Contribution margin - Fixed…
Q: Samantha Ross is the procurement manager for the headquarters of a large Financial company chain…
A: This question will be solved using the EOQ (Economic Order Quantity). EOQ is the ideal order…
Q: PepsiCo sells its soft drinks in approximately 400,000 retail establishments, such as supermarkets,…
A: Sales:- A sales is defined as the transaction or exchange between the two or more parties, under…
Q: Hello Company makes three different products. Due to the constraints of their manufacturing…
A: Particulars Product A Product B Product C Selling Price Per Unit 10 8 50 Less: Variable Cost -3…
Q: A service garage uses 204 boxes of cleaning cloths a year. The boxes cost $12 each. The cost to…
A: Annual requirement = 204 Boxes Order size = 12 Boxes Ordering cost per order = $ 15 Annual holding…
Q: Chadwick Shoe Co. produces and sells an e xcellent-quality walking shoe. After production, the shoes…
A:
Q: 1-1. Tried and True Clothing has opened four new stores in col- lege towns across the state. Data on…
A: Productivity is also called efficiency . Efficiency is the amount of output generated for a given…
Tried and True Clothing has opened four new stores in college towns across the state. Data on monthly sales volume and labor hours are given below. Which store location has the highest labor productivity?
Store |
Annandale |
Blacksburg |
Charlottesville |
Danville |
Sales Volume |
$40.000 |
$12.000 |
$60.000 |
$25.000 |
Labor Hours |
250 |
60 |
500 |
200 |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Corazon Manufacturing Company has a purchasing department staffed by five purchasing agents. Each agent is paid 28,000 per year and is able to process 4,000 purchase orders. Last year, 17,800 purchase orders were processed by the five agents. Required: 1. Calculate the activity rate per purchase order. 2. Calculate, in terms of purchase orders, the: a. total activity availability b. unused capacity 3. Calculate the dollar cost of: a. total activity availability b. unused capacity 4. Express total activity availability in terms of activity capacity used and unused capacity. 5. What if one of the purchasing agents agreed to work half time for 14,000? How many purchase orders could be processed by four and a half purchasing agents? What would unused capacity be in purchase orders?Olympus, Inc., manufactures three models of mattresses: the Sleepeze, the Plushette, and the Ultima. Forecast sales for next year are 15,000 for the Sleepeze, 12,000 for the Plushette, and 5,000 for the Ultima. Gene Dixon, vice president of sales, has provided the following information: a. Salaries for his office (including himself at 65,000, a marketing research assistant at 40,000, and an administrative assistant at 25,000) are budgeted for 130,000 next year. b. Depreciation on the offices and equipment is 20,000 per year. c. Office supplies and other expenses total 21,000 per year. d. Advertising has been steady at 20,000 per year. However, the Ultima is a new product and will require extensive advertising to educate consumers on the unique features of this high-end mattress. Gene believes the company should spend 15 percent of first-year Ultima sales for a print and television campaign. e. Commissions on the Sleepeze and Plushette lines are 5 percent of sales. These commissions are paid to independent jobbers who sell the mattresses to retail stores. f. Last year, shipping for the Sleepeze and Plushette lines averaged 50 per unit sold. Gene expects the Ultima line to ship for 75 per unit sold since this model features a larger mattress. Required: 1. Suppose that Gene is considering three sales scenarios as follows: Prepare a revenue budget for the Sales Division for the coming year for each scenario. 2. Prepare a flexible expense budget for the Sales Division for the three scenarios above.Jean and Tom Perritz own and manage Happy Home Helpers. Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Next year, HHH expects to purchase 25,600 of direct materials. Projected beginning and ending inventories for direct materials are as follows: There is no work-in-process inventory and no finished goods inventory; in other words, a cleaning is started and completed on the same day. Required: 1. Prepare a statement of cost of services sold in good form. 2. How does this cost of services sold statement differ from the cost of goods sold statement for a manufacturing firm?
- Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Next year, HHH expects to purchase 25,600 of direct materials. Projected beginning and ending inventories for direct materials are as follows: There is no work-in-process inventory; in other words, a cleaning is started and completed on the same day. Required: 1. Prepare a statement of services produced in good form. 2. What if HHH planned to purchase 30,000 of direct materials? Assume there would be no change in beginning and ending inventories of materials. Explain which line items on the statement of services produced would be affected and how (increase or decrease).Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Next year, HHH expects to purchase 25,600 of direct materials. Projected beginning and ending inventories for direct materials are as follows: There is no work-in-process inventory and no finished goods inventory; in other words, a cleaning is started and completed on the same day. HHH expects to sell 15,000 cleanings at a price of 45 each next year. Total selling expense is projected at 22,000, and total administrative expense is projected at 53,000. Required: 1. Prepare an income statement in good form. 2. What if Jean and Tom increased the price to 50 per cleaning and no other information was affected? Explain which line items in the income statement would be affected and how.Lakeesha Barnett owns and operates a package mailing store in a college town. Her store, Send It Packing, helps customers wrap items and send them via UPS, FedEx, and the USPS. Send It Packing also rents mailboxes to customers by the month. In May, purchases of materials (stamps, cardboard boxes, tape, Styrofoam peanuts, bubble wrap, etc.) equaled 11,450; the beginning inventory of materials was 1,050, and the ending inventory of materials was 950. Payments for direct labor during the month totaled 25,570. Overhead incurred was 18,130 (including rent, utilities, and insurance, as well as payments of 14,050 to UPS and FedEx for the delivery services sold). Since Send It Packing is a franchise, Lakeesha owes a monthly franchise fee of 5 percent of sales. She spent 2,750 on advertising during the month. Other administrative costs (including accounting and legal services and a trip to Dallas for training) amounted to 3,650 for the month. Revenues for May were 102,100. Required: 1. What was the cost of materials used for packaging and mailing services during May? 2. What was the prime cost for May? 3. What was the conversion cost for May? 4. What was the total cost of services for May? 5. Prepare an income statement for May. 6. Of the overhead incurred, is any of it direct? Indirect? Explain.
- Orman Company produces neon-colored covers for tablets (e.g., iPads). For last year, Orman reported the following: Last year, Orman produced 89,000 units and sold 90,500 units at 10.50 per unit. Required: 1. Prepare a statement of cost of goods manufactured. 2. Prepare an absorption-costing income statement.Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is 30. The cost of holding one unit of inventory for one year is 15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Required: 1. Compute the economic order quantity. 2. Compute the ordering, carrying, and total costs for the EOQ. 3. How much money does using the EOQ policy save the company over the policy of purchasing 4,000 plastic housing units per order?Olin Company manufactures and distributes carpentry tools. Production of the tools is in the mature portion of the product life cycle. Olin has a sales force of 20. Salespeople are paid a commission of 7 percent of sales, plus expenses of 35 per day for days spent on the road away from home, plus 0.50 per mile. They deliver products in addition to making the sales, and each salesperson is required to own a truck suitable for making deliveries. For the coming quarter, Olin estimates the following: On average, a salesperson travels 6,000 miles per quarter and spends 38 days on the road. The fixed marketing and administrative expenses total 400,000 per quarter. Required: 1. Prepare an income statement for Olin Company for the next quarter. 2. Suppose that a large hardware chain, MegaHardware, Inc., wants Olin Company to produce its new SuperTool line. This would require Olin Company to sell 80 percent of total output to the chain. The tools will be imprinted with the SuperTool brand, requiring Olin to purchase new equipment, use somewhat different materials, and reconfigure the production line. Olins industrial engineers estimate that cost of goods sold for the SuperTool line would increase by 15 percent. No sales commission would be incurred, and MegaHardware would link Olin to its EDI system. This would require an annual cost of 100,000 on the part of Olin. MegaHardware would pay shipping. As a result, the sales force would shrink by 80 percent. Should Olin accept MegaHardwares offer? Support your answer with appropriate calculations.
- Use the following information for Brief Exercise: Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers and sold 8,000 coffee makers during the month of March at a total cost of 612,500. Each coffee maker sold at a price of 100. Morning Smiles also incurred two types of selling costs: commissions equal to 5% of the sales price and other selling expense of 45,000. Administrative expense totaled 47,500. 2-33 Income Statement Percentages Refer to the information for Morning Smiles Coffee Company on the previous page. Required: Prepare an income statement for Morning Smiles for the month of March and calculate the percentage of sales revenue represented by each line of the income statement. (Note: Round answers to one decimal place.)Ventana Window and Wall Treatments Company provides draperies, shades, and various window treatments. Ventana works with the customer to design the appropriate window treatment, places the order, and installs the finished product. Direct materials and direct labor costs are easy to trace to the jobs. Ventanas income statement for last year is as follows: Ventana wants to find a markup on cost of goods sold that will allow them to earn about the same amount of profit on each job as was earned last year. Required: 1. What is the markup on cost of goods sold (COGS) that will maintain the same profit as last year? (Round the percentage to two significant digits.) 2. A customer orders draperies and shades for a remodeling job. The job will have the following costs: What is the price that Ventana will quote given the markup percentage calculated in Requirement 1? (Round the price to the nearest dollar.) 3. What if Ventana wants to calculate a markup on direct materials cost, since it is the largest cost of doing business? What is the markup on direct materials cost that will maintain the same profit as last year? (Round the percentage to two significant digits.) What is the bid price Ventana will use for the job given in Requirement 2 if the markup percentage is calculated on the basis of direct materials cost? (Round to the nearest dollar.)Brahma Industries sells vinyl replacement windows to home improvement retailers nationwide. The national sales manager believes that if they invest an additional $25,000 in advertising, they would increase sales volume by 10,000 units. Prepare a forecasted contribution margin income statement for Brahma if they incur the additional advertising costs, using this information: