What is the cost per box of dry fruits

Assignment Help Accounting Basics
Reference no: EM132081727

Question - Crabapples Inc. purchases and sells dry fruit boxes. The following information summarizes its operating activities for 2015:
Selling Expenses $9,375

Inventory on December 31, 2015 32,500

Inventory on January 1, 2015 46,875

Purchases of merchandise 84,375

Rent for store 12,500

Sales commissions 7,031

Sales revenue 168,750

If Crabapples sold 5,000 boxes of dry fruits during the year, what is the cost per box of dry fruits?

A) $72.28

B) $32.75

C) $10.55

D) $19.75

Reference no: EM132081727

Questions Cloud

How much was the unit cost per service : Samson Inc. reported the following information for the year 2015: Number of Services Provided for the Year 10,500. How much was the unit cost per service
What is the cost per service : Operating expenses for February were $8,500 and non-operating expenses were $4,500. What is the cost per service
How many vacation days or work breaks were allowed : The following scenarios are actual cases from HR professionals taken from an online discussion forum. Create a single Word document that addresses.
What is the payback period : The equipment will have an initial cost of $900,000 and have a 6 year life. There is no salvage value for the equipment. What is the payback period
What is the cost per box of dry fruits : Crabapples Inc. purchases and sells dry fruit boxes. If Crabapples sold 5,000 boxes of dry fruits during the year, what is the cost per box of dry fruits
Experienced remarkable growth in tough dairying environment : Case Study Synlait Milk is an innovative dairy processing company that has experienced remarkable growth in a tough dairying environment.
What is the operating income : Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. What is the operating income for 2015
What would be the cost savings : If Quail is operating at capacity, what would be the cost savings if the transfer was made and Marlin currently is purchasing 100,000 units on the open market
Prepare star health income statement : Star Health Inc. is a fitness center in Oklahoma City. Prepare Star Health's income statement for the month of October

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the budgets for june

Prepare the budgets for June Revenue, Production, Material usage and Material purchase ( how many pounds of material should be purchased and what is the cost of purchases)

  Prepare the purchases budget for the second quarter

Prepare the purchases budget for the second quarter, Prepare the cash receipts budget for the second quarter.

  What will the balance of the account be after six years

If $10,000 is invested annually in an account with 7% interest compounded yearly, what will the balance of the account be after six years?

  What is the equivalent annual cost of operating

A machine which has a 10 year life will cost $11,000 now with annual operating costs of $500 the first year and increasing $50 per year each of the next 9 years. If the salvage value is estimated to be $2,000 at the end of the 10th year,

  What is cash from operations after fixing this mistake

The accounatnt found an error in computing straight-line Depreciation Expense. It should have been $50. What is Cash from Operations after fixing this mistake

  Financial services through separate operating divisions

Sydney Mira provides two financial services through separate operating divisions (Q1 and Q2). These two operating divisions require the services

  The mon elisa museum of fine arts is an nfpo

The Mon Elisa Museum of Fine Arts is an NFPO that derives most of its resources from wealthy patrons. Mon Elisa has recently changed its accounting system to eliminate the use of separate funds.

  Three years ago machine was purchased for 5000 assuming

1. which of the following equations is correct?a. dividends net income - change in retained earningsb. dividends net

  Demonstrate an understanding of accounting principles

Demonstrate an understanding of accounting principles and systematically record the financial aspects of business transactions - Report the results and position of business to "Users" of financial statements.

  Why is tone at the top so important to corporate governance

Why is tone at the top so important to corporate governance?

  Prepare journal entries relating to boat using cost model

Prepare journal entries relating to the boat using the cost model from 1 April 2011 to 31 March 2015 (4 financial years)

  Compute annual depreciation for the first and second years

Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years

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