Reference no: EM131761672
Question - The Chip Division of Pleasanton Co. has just revised its actual cost data for the year just ended. Chip Division transfers circuit boards to the Assembly Division, and incurs no selling expense for such transfers. Assembly Division can buy the same goods in the open market for $142 each. Chip's new cost data are:
Direct materials $ 60
Direct labor 30
Variable manufacturing overhead 15
Fixed manufacturing overhead 8
Variable selling expenses 6
Fixed selling and administrative expenses 12
Total costs $131
Desired return 20
Sales price $151
Current production is 400,000 units, and Chip has a capacity of 600,000 units.
a. What is the lowest price Chip should charge for the internal transfer of its goods?
b. What is the highest price Assembly should pay Chip for the units?
c. Give the primary reason why Chip should reduce its price for internal transfers below the market price.
|
Confidence interval for the population proportion
: Construct a? 99% confidence interval for the population proportion. Interpret the results.
|
|
Compute the company break-even point in units
: Hot Pizza makes and delivers pizzas. The company's annual fixed expenses are $50,000. Compute the company's break-even point in units (pizzas)
|
|
Two columns of random numbers
: By dragging and copying, create 5 rows of two columns of random numbers. It should look like this, for example (of course everyone's numbers
|
|
What is the budgeted accounts receivable balance
: Richards Corporation had the following budgeted sales for the first half of next year: Cash Sales Credit Sales January $60,000 $160,000.
|
|
What is the highest price assembly should pay chip
: The Chip Division of Pleasanton Co. has just revised its actual cost data for the year just ended. What is highest price Assembly should pay Chip for the units
|
|
Calculate the amount of ending inventory
: If the company uses the weighted minus average inventory costing method, calculate the amount of ending inventory
|
|
What price per unit should be quoted to the distributor
: Richmond industries has sales of 1125 units per month at a selling price of 500. Variable expenses are 150 per unit and fixed expenses are 167,000.
|
|
Calculate the standard error of the mean
: Using Excel, calculate the standard error of the mean (SEM) (i.e. the standard deviation of the 200 sample means).
|
|
Explain how was walmarts sustainability index developed
: Explain How was Walmart's sustainability index developed? Which social, ecological, and economic sustainability considerations are covered?
|