What is the financial advantage (disadvantage) of accepting the special order from the wedding party? Financial (disadvantage) Required 1 Required 2 >
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- Imperial Jewelers manufactures and sells a gold bracelet for $408.00. The company’s accounting system says that the unit product cost for this bracelet is $260.00 as shown below: Direct materials $ 147 Direct labor 82 Manufacturing overhead 31 Unit product cost $ 260 The members of a wedding party have approached Imperial Jewelers about buying 24 of these gold bracelets for the discounted price of $368.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $10. Imperial Jewelers would also have to buy a special tool for $458 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $11.00 of the…Imperial Jewelers manufactures and sells a gold bracelet for $409.00. The company’s accounting system says that the unit product cost for this bracelet is $269.00 as shown below: Direct materials $ 143 Direct labor 88 Manufacturing overhead 38 Unit product cost $ 269 The members of a wedding party have approached Imperial Jewelers about buying 21 of these gold bracelets for the discounted price of $369.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $4. Imperial Jewelers would also have to buy a special tool for $461 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $5.00 of the…Imperial Jewelers manufactures and sells a gold bracelet for $402.00. The company’s accounting system says that the unit product cost for this bracelet is $261.00 as shown below: Direct materials $ 142 Direct labor 83 Manufacturing overhead 36 Unit product cost $ 261 The members of a wedding party have approached Imperial Jewelers about buying 23 of these gold bracelets for the discounted price of $362.00 each. The members of the wedding party would like special filigree applied to the bracelets that would require Imperial Jewelers to buy a special tool for $465 and that would increase the direct materials cost per bracelet by $8. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $9.00 of the overhead…
- Asap Imperial Jewelers manufactures and sells a gold bracelet for $407.00. The company’s accounting system says that the unit product cost for this bracelet is $274.00 as shown below: Direct materials $ 148 Direct labor 90 Manufacturing overhead 36 Unit product cost $ 274 The members of a wedding party have approached Imperial Jewelers about buying 26 of these gold bracelets for the discounted price of $367.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $13. Imperial Jewelers would also have to buy a special tool for $456 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $14.00 of…Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company’s accounting system says that the unit product cost for this bracelet is $253.00 as shown below: Direct materials $ 142 Direct labor 80 Manufacturing overhead 31 Unit product cost $ 253 The members of a wedding party have approached Imperial Jewelers about buying 20 of these gold bracelets for the discounted price of $363.00 each. The members of the wedding party would like special filigree applied to the bracelets that would require Imperial Jewelers to buy a special tool for $457 and that would increase the direct materials cost per bracelet by $10. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $11.00 of the overhead…Imperial Jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts tomembers of a wedding party. The normal selling price of a gold bracelet is $189.95 and its unit productcost is $149.00 as shown below:Direct materials .................................... $ 84.00Direct labor ........................................... 45.00Manufacturing overhead ...................... 20.00Unit product cost .................................. $149.00Most of the manufacturing overhead is fixed and unaffected by variations in how much jewelry isproduced in any given period. However, $4.00 of the overhead is variable with respect to the numberof bracelets produced. The customer who is interested in the special bracelet order would like specialfiligree applied to the bracelets. This filigree would require additional materials costing $2.00 perbracelet and would also require acquisition of a special tool costing $250 that would have no otheruse once the special order is…
- Imperial Jewelers is considering a special order for 20 handcrafted gold bracelets to be given as gifts to members of a wedding party. The normal selling price of a gold bracelet is $405.00 and its unit product cost is $267.00 as shown below: Direct materials $ 147 Direct labor 81 Manufacturing overhead 39 Unit product cost $ 267 Most of the manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $8 of the overhead is variable with respect to the number of bracelets produced. The customer who is interested in the special bracelet order would like special filigree applied to the bracelets. This filigree would require additional materials costing $7 per bracelet and would also require acquisition of a special tool costing $457 that would have no other use once the special order is completed. This order would have no effect on the company’s regular sales and the order could be fulfilled…The James Company manufactures widgets that sell for $120 each. The company's unit cost for each widget is as follows: A company in another state has offered to purchase 1,000 widgets from James Company at a cost of $90 each. If James were to accept this special order, no additional Fixed Manufacturing Overhead costs would be incurred. Should James accept this special order? Show relevant calculations.JCBilco Manufacturing produces and sells oil filters for $3.30 each. A retailer has offered to purchase 25,000 oil filters for $1.36 per filter. Of the total manufacturing cost per filter of $2.15, $1.35 is the variable manufacturing cost per filter. For this special order, JCBilco would have to buy a special stamping machine that costs $8,500 to mark the customer's logo on the special-order oil filters. The machine would be scrapped when the special order is complete. This special order would use manufacturing capacity that would otherwise be idle. No variable nonmanufacturing costs would be incurred by the special order. Regular sales would not be affected by the special order. Would you recommend that JCBilco accept the special order under these conditions?
- answer in 20 minutes Imperial Jewelers manufactures and sells a gold bracelet for $407.00. The company’s accounting system says that the unit product cost for this bracelet is $274.00 as shown below: Direct materials $ 148Direct labor 90Manufacturing overhead 36Unit product cost $ 274 The members of a wedding party have approached Imperial Jewelers about buying 26 of these gold bracelets for the discounted price of $367.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $13. Imperial Jewelers would also have to buy a special tool for $456 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period.…Sharman Athletic Gear Incorporated (SAG) is considering a special order for 17,000 baseball caps with the logo of East Texas University (ETU) to be purchased by the ETU alumni association. The ETU alumni association is planning to use the caps as gifts and to sell some of the caps at alumni events in celebration of the university’s recent national championship by its baseball team. Sharman’s full manufacturing cost per hat is $5.00, which includes $2.50 fixed overhead cost related to plant capacity and equipment. ETU has made a firm offer of $49,000 for the hats, and Sharman, considering the price to be far below production costs, decides to decline the offer. Required: 1-a. Determine the total cost of the special order. 1-b. In terms of maximizing short-term operating profit, did Sharman make the wrong decision in declining the offer from ETU? multiple choice Yes NoThe Calvary Company manufactures Part No. XXX for use in its production cycle. The cost per unit for 20,000 units of part No. XXX are as follows: Direct materials P 6 Direct labor 30 Variable overhead 12 Fixed overhead applied 16 P64 The Cross Company has offered to sell 20,000 units of part No. XXX to Calvary for P60 per unit. Calvary will make the decision to buy the part from Cross if there is a savings of P25,000 for Calvary. If Calvary accepts Cross’s offer, P9 per unit of the fixed overhead applied would be totally eliminated. Furthermore, Calvary has determined that the released facilities could be used to save relevant costs in the manufacture of part No. YYY. In order to have a savings of P25,000, the amount of the relevant costs that would be saved by using the released facilities in the manufacture…