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Question - A vendor prepares 100.00 hotdogs every day and sells at $20.00/piece. For each hot dog, he spends $12.00 in the raw material. Additionally he spends $1.00 for packing each hotdog and monthly $50.00, $20.00, $10.00 as food truck rent, electricity and other expenses respectively. Lost sale are taken as $1 per unhappy customer. Leftover hotdogs can be sold for $5.00/piece. On a particular day in June it rained heavily so the vendor was able to sell only 80.00 hot dogs. Determine the vendor's profit for that day? Assume there are 30 days in the month.
Tik Tok Company, List two uses of this unit cost information to the managers at Tik Tok Company. Calculate the cost per coffee table for Job No. X10?
What sort of analysis would you perform for this decision? Fancy Fleece developed a new outdoor wear fleece fabric that is both wind
On April 1, 2019, Alpha reacquired 1,500 of these shares, prepare the General Journal entry (without explanation) for the August 1 transaction.
Actual quantity of direct materials purchased 25,000 pounds. Find the actual price of direct materials purchased in September
Alton Company produces metal belts. During the current month, the company incurred the following product costs: Determine the Alton Company total product costs
The company observed that at 22,000 machine hours of activity, total maintenance costs averaged $33.40 per hour. Determine the variable cost per machine hour
What is an opportunity cost and why are opportunity costs important? What is the first step in evaluating an investment using the NPV approach?
At the first of the current year, CMR received an order for 3,000 parts from a company in Mexico. If the Mexican company is only willing to pay $27 for the part and CMR has excess capacity, should CMR accept the order? What will be the marginal profi..
Determine the value of ending inventory if the sales value at splitoff method is used for product costing. Searaya processes boat hulls into four products
$84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. Total labor wages of $108,000 were incurred. Of this amount, $105,000 was for direct lab..
Prepare a schedule of cost of goods manufactured in good form. Prepare an income statement in good form. Compute the cost of goods sold
The company also has corporate fixed costs of 12,500 per month. Compute the segment margin for the diggers product line
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