User Account

All Pages

Compute the target cost for the slim slicer

Assignment Help Cost Accounting
Reference no: EM13888770

Jarlsberg Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its catalog, which it issues monthly. Given market research, Jarlsberg believes that it can charge $20 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing $22. By using cheaper materials and gaining efficiencies in mass production, Jarlsberg believes it can reduce Slim Slicer's cost substantially. Jarls- berg wishes to earn a return of 30% of the selling price.

Instructions

(a) Compute the target cost for the Slim Slicer.

(b) When is target costing particularly helpful in deciding whether to produce a given product?

Reference no: EM13888770

Questions Cloud

Writing non-fiction story : Writing non-fiction story, does your imagination still have an importance?
Configuring the software : Most desktop software, such as word processing software, can be configured in a number of different ways. Examine software that you regularly use and list the configuration options for that software. Suggest difficulties that users might have in c..
Describe what happens to recycled cans : Describe what happens to recycled cans
Inversion of control in application frameworks : Explain what is meant by ‘inversion of control' in application frameworks. Explain why this approach could cause problems if you integrated two separate systems that were originally created using the same application framework.
Compute the target cost for the slim slicer : Compute the target cost for the Slim Slicer. When is target costing particularly helpful in deciding whether to produce a given product?
Determine the minimum transfer price the fastener division : Determine the minimum transfer price (a) assuming the fastener division is not operating at full capacity, and (b) assuming the fastener division is operating at full capacity.
What impact does the violation have on the surrounding : What impact does the violation have on the surrounding community?
Major technical and nontechnical factors : What are the major technical and nontechnical factors that hinder software reuse? Do you personally reuse much software and, if not, why not?
Independent certification authority : It has been suggested that an independent certification authority should be established. Vendors would submit their components to this authority, which would validate that the component was trustworthy.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost allocation and apparent profitability diamonds etc

cost allocation and apparent profitability diamonds etc. manufactures jewelry settings and sells them to retail stores.

  Compute current cash debt coverage ratio

Compute these ratios: current cash debt coverage ratio, cash debt coverage ratio, and free cash flow. Provide a brief interpretation of your results.

  Distinguish between an incremental and a differential cost

"Accountants do not ordinarily record opportunity costs in the formal accounting records." Why? Illustrate your explanation with examples. Distinguish between an incremental cost and a differential cost.

  Provide the journal entry for the estimated warranty

Provide the journal entry for the estimated warranty expense on August 31 and the October 15 cash payment.

  Identify two control procedures

Move document-Warehouse employees and Shipping employees should sign picking ticket to document transfer of inventory from the Warehouse to the Shipping department

  Q1-balanced scorecard measures low-total-cost value

q1-balanced scorecard measures low-total-cost value proposition check an organization with the low-total-cost value

  What is the minimum acceptable price

What is the minimum acceptable price of one-time-only special order - Other than price, what other items should Loft Lake Cabinets consider before accepting this one-time-only special order?

  Prepare a budgeted income statement for the quarter ended

Expected sales for the year ended December 31, 2012 are based on actual sales to date and budgeted sales for the duration of the year.

  Transactions of edwardson corporation

Described certain transactions of Edwardson Corporation. The company uses the periodic inventory system - Make all the journal entries necessary to record the transactions above using appropriate dates.

  What amount is the note payable recorded

What amount is the note payable recorded at on 1 st October and how much interest is recognized from October 1 to December 31?

  Price change associated with an interest rate change

The smaller is the size of the price change associated with an interest rate change - prices and returns for short-term bonds are more volatile than those for longer-term bonds.

  Is the new inventory system available to ms gibson

Is the new inventory system available to Ms. Gibson a pure or approximate just-in-time system? Based on the information provided, how much of Ms. Gibson's inventory holding cost could be eliminated by taking the accountant's advice?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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