User Account

All Pages

What financial cons of accepting order from wedding party

Assignment Help Accounting Basics
Reference no: EM132604610

Question 1. What is the financial advantage (disadvantage) of accepting the special order from the wedding party if the unit product cost for this bracelet is $272.00 as shown below:

 

Direct materials $ 146
Direct labor 87
Manufacturing overhead 39
Unit product cost $ 272

  • The members of a wedding party have approached Imperial Jewelers about buying 27 of these gold bracelets for the discounted price of $361.00 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 $464 and that would increase the direct materials cost per bracelet by $9. 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, $10.00 of the overhead is variable with respect to the number of bracelets produced. The company also believes that accepting this order would have no effect on its ability to produce and sell jewelry to other customers. Furthermore, the company could fulfill the wedding party's order using its existing manufacturing capacity.

Reference no: EM132604610

Questions Cloud

What amount should the items be valued : Green co. ltd has the following items of inventory. In accordance with IAS 2 inventories, at what amount should the above items be valued?
How to figure the amount of time a student spends : Which equation shows how to figure the amount of time a student spends watching TV during a week? A equals the total amount of time watching TV
Estimated merchandise inventory destroyed : On February 7 of the following year, the merchandise inventory was destroyed by fire. Estimated merchandise inventory destroyed
Advanced materials used in making microprocessor chips : List of advanced materials used in making microprocessor chips (in addition to single-crystal, high-purity silicon): Interconnects, ohmic contacts
What financial cons of accepting order from wedding party : Explain What is financial advantage (disadvantage) of accepting the special order from the wedding party if the unit product cost for this bracelet is $272.00
Explain the concept of the human resources life cycle : Explain the concept of the Human Resources Life Cycle and the role of recruitment and selection within the life cycle and Explain each of the 5 main stages
What is the pension expense for the year : Contributions to pension plan 120,000. Assuming no other relevant data exist, what is the pension expense for the year
Discuss how philosophers can be utilized to discuss issues : For the second essay, discuss how three of the five following philosophers can be utilized to discuss issues of friendship. The emphasis here is on discussing.
Science in the news : Now that you have been learning about science, you may have noticed news articles or online videos on various scientific topics.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the journal entries to reflect expiration

Prepare the journal entries to reflect expiration of the insurance and correctly report the balance of the Supplies account

  Prepare cash budget for the quarter april to june

Prepare Cash budget for the Quarter April To June. What are the major considerations business owners should make as they budget and forecast ?

  What is the quoted annual yield to maturity for the bonds

You are evaluating an outstanding issue of $1,000 par value bonds with an 8.75% coupon rate that mature in 25 years and make quarterly interest payments.

  What is the cost of purchasing the annuity today

You wish to purchase an annuity today, that will pay you $50,000 per year for 30 years. You will start collecting the annuity 10 years from today.

  The companys borrowing rate is 12 percent the present

on december 1 2009 a u.s.-based company entered into a three-month forward contract to purchase 1 million mexican pesos

  Calculate the net cash flows for each year

The marginal tax rate of B. Bowden is 40%. For purposes of identifying the timing of cash flows, Calculate the net cash flows for each year 2000 through 2010

  How much is the average capital balance of Amos for the year

Amos invested additional P18,000 on March 30 and withdrew P12,000 on September 1. How much is the average capital balance of Amos for the year

  Discus what is the accounting equation

The collection of a $5,700 accounts receivable is recorded as an increase in Cash, $5,700, and a decrease in Accounts Receivable, $5,700.

  What action may ASIC take against Sarah or XYZ

What powers does ASIC have to hold an investigation in relation to XYZ and an examination of Sarah? What action may ASIC take against Sarah or XYZ

  Calculate the cash proceeds from sale of motor vehicle

Required: By using relevant t-account(s), Calculate the cash proceeds from sale of Motor Vehicle and Calculate the cash paid for the purchase of a new Motor

  Prepare journal entries to record the transactions

Prepare journal entries to record the transactions, Land and building were acquired by issuing 60,000 shares of P100 par value.

  Reflect the market assessment of the growth prospects

Exchange rates, as you learned in college, reflect the market's assessment of the growth prospects for the economy behind the currency.

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