What should facey farms do

Assignment Help Managerial Accounting
Reference no: EM132949324

Problem 1: Facey Farm produces a school of fish at a total cost of $66,000. The production generates 60,000 fishes which can be sold for $1 each to a small restaurant, or the fishes can be slaughtered in house and then sold for $2.25 each. It costs $55,000 more to turn the fishes into patties. If Facey Farm slaughters the fishes, how much is incremental profit or loss? What should Facey Farms do?

Reference no: EM132949324

Questions Cloud

What are the total equiva-lent units for direct materials : The Rolling Department of Oak Ridge, What are the total equiva-lent units for direct materials for July if materials are added at the beginning of the process?
How many tons were started and completed during july : Oak Ridge Steel Company, The ending work in process inventory on July 31 was 500 tons. How many tons were started and completed during July?
Calculate breakeven in units and dollar amount : Calculate the sales revenue and units need to be sold to achieve the target operating income? Calculate Breakeven in units and dollar amount
Describe the purpose of the traditional costing system : Describe the purpose and nature of the traditional costing system and activity-based costing system (ABC) for allocating overhead costs to products.
What should facey farms do : Facey Farm produces a school of fish at a total cost. If Facey Farm slaughters the fishes, how much is incremental profit or loss? What should Facey Farms do?
What was the resulting corporate structure : What form of business combination brought the two companies together, and what was the resulting corporate structure? How did the firms account
Calculate the productivity in sales revenue : Calculate the productivity in sales revenue/labor expense. Sailmaster makes high-performance sails for competitive windsurfers.
What was the percentage change in productivity : A parcel delivery company delivered 103,600 packages last year, What was the percentage change in productivity over the past two years?
What is the net present value of the project for tuff wheels : What is the net present value (discounted at 8%) of this project? Consider all costs and expected revenues. (Enter your answer in thousands of dollars.)

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute the amount of earnings per share

Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of

  What the losses associated with the grape wastage should be

As a result a lot of good grapes are wasted. For the purpose of product costing, the losses associated with this grape wastage should be treated as

  Create a budget showing the required production each month

Create a budget showing the required production each month for January, February, March, and the quarter. Prepare the cash collection for each month

  Explain what you understand by budgets

Explain what you understand by Budgets, Fixed Budgets and Flexible Budgets in the context of control and performance evaluation of an organization

  Compute the net annual cash inflow from project

ABC Company is studying a project that would have a five-year life and require a $1,600,000 investment in equipment. Compute the net annual cash inflow

  Find simple rate of return and internal rate of return

Compute Simple rate of return. DiamondCompany is considering purchasing a machine that would cost $756,000 and have a useful life of 8 years.

  Find what is the present value of the receipts

What is the present value of the receipts? The risk-adjusted WACC is 12%. You are required to evaluate the proposal with mitigation using NPV.

  What is the ending cash balance for next month

The carrying cost is $0.15 per box, and the fixed order cost is $10 per order. Your firm sells 35,000 boxes per year. What is the economic order quantity?

  What is the dollar sales volume for product q

At the breakeven point, what is the dollar sales volume for Product Q? Ferguson Co. incurs $568,000 in fixed costs while producing three products

  What amount of budgeted income tax expense will be

Other expenses: $41,880. If the company budgets 40% for income tax expense, the amount of budgeted income tax expense will be

  Show schedules for monthly budgeted cash receipts

Show schedules for monthly budgeted cash receipts & cash disbursements & the cash budget. During which month will John need to organise

  What will happen to the breakeven point measured

Assume that the fixed expenses of a travel agency have increased. What will happen to the breakeven point measured in the number of clients served?

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