Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Elite Kitchenware has come out with a new line of dishes that it plans to test market through a series of demonstrations at the local mall throughout the month of August. If the demonstrations result in enough sales, the program will be expanded to other malls in the region. The cost of the demonstrations is a fiat fee of $1,500 to the mall owner/operator and a commission of 25 percent of revenue to the person giving the demonstrations. (The demonstrator will not receive any salary beyond this commission.)Elite Kitchenware's fixed costs of producing the dishes are $6,000 per production run. The company plans to wait for all orders to come in, then it will produce exactly the number of units ordered. (There will be no beginning or ending inventory.) Variable production costs are $13 per set of dishes. In addition, it will cost approximately $9 per set to ship the dishes to customers.Beverly Slater, a product manager at Elite Kitchenware, is charged with recommending a price for the item. Based on her experience with similar items, focus group responses, and survey information, she has estimated the number of units that can be sold at various prices:Price Quantity$59.99 .........450$49.99 .........725$39.99 .........800$29.99 .........1,000$19.99 .........1,300
Required:
a. Calculate expected profit for each price.b. Which price maximizes company profit?
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd