User Account

All Pages

How much of ratliff co change in income

Assignment Help Cost Accounting
Reference no: EM132596148

Ratliff Appliances Company makes a household appliance with model number RM16. The goal for 2020 is to reduce direct materials usage per unit. No defective units are currently produced. Manufacturing conversion costs depend on production capacity defined in terms of RM16 units that can be produced. The industry market size for appliances increased 10% from 2019 to 2020.

The following additional data are available for 2019 and 2020:

                                                                          2019                             2020

Units Produced & Sold                              33,000                         37,950

Selling Price                                             $ 360                        $ 345

Direct Materials (square feet)                      82,500                       87,000

Direct Material Costs per square foot                $ 31                        $ 33

Manufacturing capacity (units)                          41,250                   39,850

Total Conversion Costs                                    $ 866,250                 $ 797,000

Conversion Costs per unit of capacity                    $ 21                       $ 20

Question 1: how much of Ratliff Co's change in income from 2019 to 2020 is due to a cost leadership strategy?

Reference no: EM132596148

Questions Cloud

What is the planning and requirements definition : Assume you are a nurse manager on a unit where a new nursing documentation system is to be implemented. You want to ensure that the system will be usable.
Compute the probability of hiring the target candidate : Compute the probability of hiring the target candidate using the "Exact" Bayes calculations and Compute the probability of hiring the target candidate
Calculate the earnings of workers under straight piece rate : Calculate the earnings of workers A, B and C under the Straight Piece Rate System and Merrick's Differential Piece Rate System from the particulars.
What is the depreciation : On January 1, 2021, the Allegheny Corporation purchased equipment for $115,000. What is the depreciation
How much of ratliff co change in income : How much of Ratliff Co's change in income from 2019 to 2020 is due to a cost leadership strategy?Ratliff Appliances Company makes a household
Creating culture of innovation : Discuss your company's organizational culture. What are the ways you can help ensure that the company's culture fosters creativity
Analyze the implications of communication methods used : Analyze the implications of communication methods used when sharing health information. Consider communication from physicians, pharmacies, and consumers.
How much of ratliff co change in income due to a product : Ignoring the market growth, how much of Ratliff Co's change in income from 2019 to 2020 is due to a product differentiation strategy?
Compute the budgeted cost of purchases for each month : Cost of goods sold is 30 percent of expected sales. Compute the budgeted cost of purchases for each month in the second quarter

Reviews

Write a Review

Cost Accounting Questions & Answers

  What recommendation would make to walters company

Grade A wire requires $450,000 of monthly variable costs to process into staples, which can be sold in the market on 5/1/XX for $7.00 per pound. Grade B wire requires $600,000 of monthly variable costs to process into paperclips, which can be sold..

  What does indicate about hornet dividend-paying ability

Hornet Company had operating cash flow of $60,000 during a year in which it paid dividends of $11,000. What does this indicate about Hornet's dividend-paying ability?

  Prepare a note disclosure relating to incident

Counsel believes that the homeowner's case is much weaker and will be decided in favor of Welker - Prepare a note disclosure relating to this incident.

  Compute the relationships for each company

Compute the following relationships for each company. (Round all ratios to 1 decimal place, e.g. 10.5.) Debt to total assets ratio.

  Why underapplied overhead is not usually required

Underapplied and overapplied overhead is not usually required to be adjusted in service costing systems. Why? It does not affect the accuracy

  Arrange the cost data into a statement of cost of goods

Arrange the cost data into a statement of cost of goods manufactured - Prepare a correct presentation, using the indirect approach.

  How will work provide some examples under the other method

How will work provide some examples under the other method? If a company paid some amount of money for advertisement of two products

  Identify primary advantages of using the costing method

Identify the three (3) primary advantages and three (3) primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory.

  Questionbid company purchased 75 ownership of tic

questionbid company purchased 75 ownership of tic corporation on january 1 20x1 for 112500. on that date

  How would you expect the environment of a cost-conscious

How would you expect the environment of a more cost-conscious consumer to affect Zappos' business? What can Zappos do in such an environment to maintain salesgrowth?

  What characteristics of a standard costing system make

What characteristics of a standard costing system make it an effective tool for cost control?

  What are benefits of abc that relate to financial services

What are some of the benefits of ABC that relate to the financial services industry? What are three things that the company's original costing method did not take into account?

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