Unit operating expenses for an item costing $54 are estimated at 30% of cost, and the desired operating profit is 20% of cost a. Determine the selling price. (Do not round intermediate calculations and round your final enswer to 2 decimal pieces) Selling price b. Determine the rate of markup on cost (Do not round intermediate calculations and round your finel answer to 1 decimal piace) Markup on cost c. Determine the rate of markup on selling price (Do not round intermediate calculations and round your finel answer to 1 decimal plece.) Markup on selling price

Q: Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense…

A: Lets understand the basics. For calculating units for the target profit, we need to use below…

Q: Walton Company incurs annual fixed costs of $52,925. Variable costs for Walton's product are $26.00…

A: Calculate the sales in units to earn the desired profit as follows: Units = (Fixed cost + Profit)…

Q: Variable manufacturing costs are $125 per unit, and fixed manufacturing costs are $206,800. Sales…

A: Solution- A-                                                         Absorption costing operating…

Q: If the sale price per unit is $7, the unit contribution margin is $3, and total fixed expenses are…

A: Break even point in units = Fixed costs / Contribution margin per unit Where, Contribution margin…

Q: Compute the EOQ given the following information. The annual consumption is 6000 units, ordering cost…

A: Given, Ordering Cost = RO 60 per order Carrying Cost = 20% of price Annual demand = 6,000 unit

Q: Freese Inc. sells a product for $650 per unit. The variable cost is $455 per unit, while fixed costs…

A:

Q: The quarterly demand for an item of raw materials is estimated at 2,000 units at a purchase price of…

A: Optimal Order Quantity:- Optimal Order Quantity is the method of inventory management which…

Q: The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard…

A: Given: Probability = 98% Number of weeks = 4 Annual demand = 15,600 units Weekly demand = 300 units…

Q: If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the…

A: Economic order Quantity =2×A×OC

Q: Assume the following: • The standard price per pound Is $2.00. • The standard quantity of pounds…

A: The variance is the difference between standard and the actual production output.

Q: Krueger Corporation manufactures a single product whose selling price is $134 per unit and whose…

A: Contribution margin ratio = Contribution margin / Sales where, Contribution margin = Sales -…

Q: Evansville Company had the following transactions for the month. Number Cost of Units per Unit…

A: FIFO (First in First out) is an inventory method which says that inventory purchased first will be…

Q: For the current year ending April 30, Philip Company expects fixed costs of $70,000, a unit variable…

A: The break even sales are the sales where business earns no profit no loss during the period.

Q: Fanning Company makes a product that sells for $30 per unit. The company pays $19 per unit for the…

A: A margin of safety is an investing principle that states that an investor should only purchase…

Q: if the holding cost of an item is $0.15 per unit per day, the ordering cost is $200 per order, the…

A: Solution- Annual demand= 80 units * 365=29200  Order cost                                  =200 per…

Q: SaleCo sells​ 11,000 units resulting in​ $110,000 of sales​ revenue, $50,000 of variable​ costs,…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: Assuming sales of 5,000 units, calculate Buggs-Off break-even point and margin of safety in units…

A: The question is based on the concept of Cost Accounting.

Q: Lin Corporation has a single product whose selling price is $136 per unit and whose variable expense…

A: Formula: Contribution margin = Sales price - variable cost

Q: Jordan Company incurs annual fixed costs of $67,740. Variable costs for Jordan's product are $28.80…

A: Formula: Unit contribution margin = Sales price per unit - Variable cost per unit

Q: *Based on the following information, answer the following three questions: unit selling price 15…

A: The Break-even point is that level of sales, where the total cost i.e variable and fixed both are…

Q: The selling price of a particular product is​ $81.00 per unit, the variable expense is​ $55.00 per​…

A: Cost volume profit analysis is the technique used by the management for decision-making. The methods…

Q: Dambo Limited has prepared the following cost analysis for 6 months of trading. Sales (units) 2 500…

A: As posted multiple sub parts we are answering only first three sub parts  kindly repost the…

Q: An SKU has an annual demand of 10,000 units, each costing $15, ordering costs are$80 per order, and…

A: Economic Order Quantity:- EOQ is the minimum quantity that one should order to minimize the ordering…

Q: amison Company produces and sells Product X at a total cost of $1,300 per unit, of which $880 is…

A: Mark up: Mark-up can also be defined as the gross margin of a sale, but the term is normally used in…

Q: After reviewing its cost structure (variable costs of P6.00 per unit and monthly fixed costs of…

A: This sum relates to the cost volume profit analysis.  Due to our policy , we can not answer more…

Q: For the coming year, Cleves Company anticipates a unit selling price of $92, a unit variable cost of…

A: Introduction: Break even sales units: It tells the level of sales where there is no profit nor loss…

Q: The fixed costs for the current year are Rs. 100,000. The estimated sales for the period are valued…

A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…

Q: Evansville Company had the following transactions for the month. Number Cost of Units per Unit…

A: Gross margin is computed by subtracting the cost of goods sold from the sales price. The cost of…

Q: Outdoors Company sells a product for $195 per unit. The variable cost is $70 per unit, and fixed…

A: The question is based on the concept of Cost Accounting. Break even point is the point at which…

Q: If fixed expenses are $45,000, the break-even in sales dollars is $60,000 and the selling price per…

A:

Q: Stuart Company incurs annual fixed costs of $120,250. Variable costs for Stuart's product are $23.45…

A: Introduction:- Break-even point point means, where no profit or loss At Break-even point point,…

Q: Jordan Company incurs annual fixed costs of $51,415. Variable costs for Jordan's product are $30.15…

A: The contribution margin can be stated as a percentage of the total or as a percentage of each unit…

Q: Gladstorm Enterprises sells a product for $50 per unit. The variable cost is $32 per unit, while…

A:

Q: Bluegill Company sells 7,500 units at $160 per unit. Fixed costs are $60,000 and income from…

A: Total Sales = Variable Cost + Fixed Cost +Profit

Q: Given the following data: Selling price per unit Variable production cost per unit Fixed production…

A: Break-even point is the situation where the firm neither earns any profits nor suffers any losses.

Q: Campbell Corporation sells products for $31 each that have variable costs of $18 per unit.…

A: Formula: Contribution margin per unit = Selling price per unit - Variable cost per unit

Q: Carla Vista Company sells product 1976NLC for $20 per unit. The cost of one unit of 1976NLC is $21,…

A: The Numerical has covered the concept of Valuing Inventory applying lower-of-cost-or-market Value.…

Q: From the following data, you are required to calculate 1) p/v ratio 2) break even sale with the…

A: Cost-volume-profit analysis is a technique which is used to determine the impact of costs and sales…

Q: Drake Company produces a single product. Last year's income statement is as follows: Sales (19,000…

A: Answer -  Part 1 - 1) Calculation of Break even points (units) = Fixed cost/ Contribution margin per…

Q: The unit selling price is $11 and the variable cost per unit is $5 and the total fixed costs are…

A: Given that, selling price per unit = $11 Variable cost per unit = $5 fixed cost = $147921 Desired…

Q: Munoz Company makes a product that sells for $31 per unit. The company pays $20 per unit for the…

A: Margin of safety means sales units sold over and above break even sales units.

Q: Evansville Company had the following transactions for the month. Number Cost per Unit of Units…

A: FIFO stands for “First-In, First-Out”. It is a method used for cost flow assumption purposes in the…

Q: the break-even point in sales units and (b) the breakeven point if the selling price were increased…

A:

Q: Suppose the relevant carrying cost per unit per year was $20 and the relevant ordering cost per…

A: Economic Order Quantity or EOQ in inventory management, economic order quantity is the order…

Q: Yusuf Company sells a product for $220 per unit. The variable cost is $170 per unit, and fixed costs…

A: Break even point in sales units  = Fixed cost/Contribution margin per unit  Contribution margin per…

Q: Trailblazer Company sells a product for $270 per unit. The variable cost is $110 per unit, and fixed…

A: Break-even point = Fixed cost / (Sales price per unit - Variable cost per unit)

Inventory Valuation

Before discussing the topic inventory valuation let’s discuss the meaning of inventory. In accounting, inventory is also known as stock. Inventory means all the finished goods, materials, merchandise that a business holds for the purpose of selling it in the market with the motive of earning profit.