Calculate the contribution to profit from the special order

Assignment Help Financial Accounting
Reference no: EM131260960

Packer Concrete Company pours concrete slabs for single-family dwellings. Wolff Construction Company, which operates outside Packer’s normal sales territory, asks Packer to pour 49 slabs for Wolff’s new development of homes. Packer has the capacity to build 440 slabs and is presently working on 240 of them. Wolff is willing to pay only $2,680 per slab. Packer estimates the cost of a typical job to include unit-level materials, $960; unit-level labor, $450; and an allocated portion of facility-level overhead, $720.

Required

Calculate the contribution to profit from the special order.

Reference no: EM131260960

Questions Cloud

Net operating profit margin and net operating asset turnover : Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company as follows.  Consolidated Statements of Income Years ended December 31$ millions 2010 2009 2008. Compute net operating profit after tax for 2010. Assume ..
Considering taking early retirement offered by her employer : Brenda Jones is considering taking an early retirement offered by her employer. Decision making, she would receive $3,000 per month, indexed for inflation. However, she would no longer be able to use the company’s health facilities, and she would be ..
Assuming that the appropriate discount rate : Rachael expects to receive a payment of $5,000 at the end of each year for the next 15 years. What is the present value of these 15 payments, assuming that the appropriate discount rate is 10% compounded annually?
Calculate the contribution to profit from the special order : Packer Concrete Company pours concrete slabs for single-family dwellings. Wolff Construction Company, which operates outside Packer’s normal sales territory, asks Packer to pour 49 slabs for Wolff’s new development of homes. Calculate the contributio..
Determine the opportunity cost of owning : Justin Brimer owns his own taxi, for which he bought a $22,000 permit to operate two years ago. Mr. Brimer earns $37,000 a year operating as an independent but has the opportunity to sell the taxi and permit for $81,000 and take a position as dispatc..
Variable sales commission and manufacturing costs : Jones sells a single product with fixed costs of $405,000 per year. How many units must be sold to make $50,000 before taxes? How many units to make $30,000 after taxes? What is net income if we sell 9,000 units? Jones is selling 8,000 units- They be..
The classified balance sheet will subsection assets section : A company has a sales revenue of $10,000, cost of goods sold of $4500, and other operating expenses of $1500. What is this company's pre-tax income? The classified Balance Sheet will subsection the assets section as follows.
The reduction in lease payable to be recognized by lessee : Packard Bell leases a variety of equipment to customers worldwide. On January 2, 2015, Packard Bell leased a Robot Router Machine (Equipment) to Southwestern Bell. Characteristics of the lease is listed below: * The lease is not cancelable * The leas..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd