What is the price per unit dantleys furniture should bid

Assignment Help Accounting Basics
Reference no: EM132559995

Question - Dantley's Furniture manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $220 per table, consisting of 75% variable costs and 25% fixed costs. The company has surplus capacity available. It is Back Forrest's policy to add a 45% markup to full costs. A large hotel chain is currently expanding and has decided to decorate all new hotels using the rustic style. Dantley's Furniture Incorporated is invited to submit a bid to the hotel chain. What is the price per unit Dantley's Furniture should bid on this long-term order?

A) $168

B) $180

C) $319

D) $348

Reference no: EM132559995

Questions Cloud

Evaluate the accuracy of the kingdon model of policymaking : Discuss the three streams Kingdon has identified where problems originate, and provide your opinion on which one most accurately reflects
Calculate the present value of this dividend : The required rate of return for investor is 8%. Assuming that this investor has invested in the preference share, calculate the present value of this dividend
What account will be understated or overstated : What journal entry is for this situation? And if there is misreport financial statement, what account will be understated or overstated
Explain the diagnosis by matching the symptoms identified : Explain the diagnosis by matching the symptoms identified in the case to the specific criteria for diagnosis. Provide the full DSM-5 diagnosis for the client
What is the price per unit dantleys furniture should bid : Dantley's Furniture Incorporated is invited to submit a bid to hotel chain. What is the price per unit Dantley's Furniture should bid on this long-term order
Messianic portraits drawn by the prophets : Describe one of these messianic portraits drawn by the prophets. Please explain how these may have been understood in relationship to the Davidic covenant.
Describe the impact of biracial or multiracial : Describe the impact of biracial/multiracial .How do distinctions relate to social work practice with individuals, families, groups, and communities?
Define how the goals of management and leadership overlap : Describe the difference in roles between leadership and management. Explain how the goals of management and leadership overlap and provide one example.
Human nature and organizational behavior : Access Control: Human Nature and Organizational Behavior. discuss one best practice for managing human risks.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are some physical and environmental controls

Think about a place you have worked where computers were present. What are some physical and environmental controls that you have observed in the workplace? Provide at least two examples of each from your personal experience.

  Robertson inc sells its one product for 150 per unit the

robertson inc. sells its one product for 150 per unit. the variable cost per unit is 50. the fixed cost per year are

  Which of the given is not a risk to it systems

Which of the following is not a risk to IT systems? Which of the following is not an example of an application control?

  What was the maturity amount of the bonds

Complete the amortization schedule. What was the maturity amount (face value) of the bonds? How much cash was received at date of issuance (sale) of the bonds? Was there a premium or a discount? If so, which and how much was it? How much cash is paid..

  What is the cost savings for choosing the cheaper option

If the requirement is 4,500 units, is it more cost-effective for the firm to buy or make the components? What is the cost savings for choosing the cheaper?

  Calculate the net income or net loss for the period

During October, a firm had the following transactions involving revenue and expenses. Calculate the net income or net loss for the period

  What must be in place and functioning well to fully realize

When an ERP is used, it is assumed that there will be increases in efficiency and the effectiveness of the activities related to the revenue cycle. However, what must be in place and functioning well to fully realize these benefits?

  With the introduction of computer-generated animated films

with the introduction of computer-generated animated films cgi there has been much discussion of the impact on the

  Compute the following ratios at december

Kinder Company has these comparative balance sheet data

  Prepare journal entries related to the restricted stock

Allied Paper Products, Inc. offers a restricted stock award plan to its vice presidents. Prepare the appropriate journal entries related to the restricted stock

  What was the ebitda coverage ratio

Ziebart Corp.'s EBITDA last year was $390,000 (= EBIT + depreciation + amortization), its interest charges were $9,500, it had to repay $26,000 of long-term debt, and it had to make a payment of $17,400 under a long-term lease. The firm had no amo..

  Compute Jane Smith Federal income tax payable

Jane Smith, age 40, is single and has no dependents. Compute Jane Smith's 2018 Federal income tax payable (or refund due)

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