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Lemur [1.5K]
2 years ago
8

Laredo manufactures Nuts and Bolts from a joint process (cost = $80,000). Five thousand pounds of Nuts can be sold at split-off

for $20 per pound; ten thousand pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Laredo allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts and Bolts, respectively, would be
Business
1 answer:
Zigmanuir [339]2 years ago
4 0

Answer:

Cost for Nuts = $80,000 \times 2/5 = $32,000

Cost for bolts = $80,000 \times 3/5 = $48,000

Explanation:

Provided joint cost = $80,000

Total quantity of nuts and bolts at separation

Nuts = 5,000 pounds

Bolts = 10,000 pounds

Weights of cost will be based on value of goods.

Nuts = 5,000 \times $20 = $100,000

Bolts = 10,000 \times $15 = $150,000

Thus, weights will be 10:15 = 2:3

Cost for Nuts = $80,000 \times 2/5 = $32,000

Cost for bolts = $80,000 \times 3/5 = $48,000

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katovenus [111]

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Wildhorse Company

The amount of the inventory is:

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Explanation:

a) Data and Calculations:

Item No. Quantity    Cost per   Estimated   Cost to  NRV  LCNRV Inventory

                                   Unit      Selling Price     Sell                              Value

1320         1,400         $3.78       $5.31           $1.89   $3.42  $3.42    $4,788

1333          1,100            3.19         4.01              1.18      2.83    2.83        3,113

1426        1,000            5.31         5.90            1.65      4.25    4.25      4,250

1437        1,200            4.25         3.78            1.59      2.19     2.19      2,628

1510          900            2.66         3.84            1.65      2.19     2.19        1,971

1522         700            3.54         4.60           0.94      3.66    3.54       2,478

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1626      1,200            5.55         7.08             1.77      5.31     5.31       6,372

Inventory value =                                                                            $30,496

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3 years ago
Alameda Tile sells products to many people remodeling their homes and thinks that it could profitably offer courses on tile inst
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Answer:

Alameda Tile

a. The enrollment to enable Alameda Tile to break even = 500 students.

b. To make an operating profit of $80,000, number of students

= 750 students

c. With projected enrollment for the year of 800 students:

1. Operating profit = Total Contribution - Fixed Costs

= ($320 * 800) - $160,000

= $96,000

2. a) Operating Profit, if the tuition per student decreased by 10%.

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Variable cost             480

Contribution           $240

Operating profit = Total Contribution - Fixed Costs

= ($240 * 800) - $160,000

= $32,000

2. b) Operating Profit, if the tuition per student increased by 20%.

New selling price = $960  which is $800 * (1 + 20%)

Variable cost             480

Contribution           $480

Operating profit = Total Contribution - Fixed Costs

= ($480 * 800) - $160,000

= $224,000

3. a) Operating Profit, if variable costs per student decreased by 10%.

Selling price =         $800

Variable cost             432     $480 * (1 - 10%)

Contribution           $368

Operating profit = Total Contribution - Fixed Costs

= ($368 * 800) - $160,000

= $134,400

3. b) Operating Profit, if variable costs per student increased by 20%.

Selling price =         $800

Variable cost             576     $480 * (1 + 20%)

Contribution           $224

Operating profit = Total Contribution - Fixed Costs

= ($224 * 800) - $160,000

= $19,200

4. Operating profit, if fixed costs reduced by 10% and variable cost increased by 10%:

Selling price =         $800

Variable cost             528     $480 * (1 + 10%)

Contribution           $272

Operating profit = Total Contribution - Fixed Costs

= ($272 * 800) - $144,000 ($160,000 * (1 - 10%)

= $73,600

Explanation:

a) Data and Calculations:

Tentative Price and Cost Characteristics:

Tuition $ 800 per student

Variable costs (tiles, supplies, and so on) 480 per student

Fixed costs (advertising, salaries, and so on) 160,000 per year

Per unit       Tentative

Selling price = $800

Variable cost    480

Contribution  $320

b) Computation of break-even point:

To break-even with fixed cost of $160,000, sales unit will be equal to:

Fixed cost/Contribution per unit = $160,000/$320 = 500 students

c) Fixed cost + Target Profit /Contribution per unit:

= ($160,000 + $80,000)/$320

= $240,000/320

= 750 students

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Answer:

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Explanation:

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