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Aliun [14]
3 years ago
10

Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree.

Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week. The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory. Inventory as on January 31, 2019 represents three deluxe mixer purchased at a unit cost of $595 average cost.
Business
1 answer:
S_A_V [24]3 years ago
5 0

Answer:

Explanation:

Base on the scenario been described in the question, we have the following

Quantity

Unit rate

Total cost

m

Jan 31

Opening

3

$595.00

$1,785.00

st

Feb 2

Purchases

2

$600.00

$1,200.00

5

Mar 2

Purchases

1

$618.00

$618.00

6

Apr 1...

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Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its mo
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Wingate Company

1. A Contribution Format Income Statement for divisions:

2a. Increase monthly advertising for the West Division by $28,000 to increase its sales by 12%

                                    East          Central        West          Total

Sales                   $412,000  $670,000   $520,000 $1,602,000

Variable exp.         181,280     207,700      166,400      555,380

Contribution

          margin    $230,720    462,300    353,600    1,046,620

Fixed expenses  290,000    332,000     191,000       813,000

Non-Traceable

    Fixed Expenses                                                       338,000

Net operating Income

  (loss)               ($59,280)  $130,300  $162,600   ($104,380)

2b. How much Company's Net Operating Income Increase (Decrease) with the implementation of the above Proposal:

Net operating income before advert = $162,600

Division's net operating income after advert = $160,366

Therefore, the company's net operating loss will increase by $2,234

Explanation:

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Sales                                    $ 1,602,000

Variable expenses                    555,380

Contribution margin               1,046,620

Fixed expenses                        1,151,000

Net operating income (loss) $ (104,380)

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Sales                                 $582,400 ($520,000 x 1.12)

Variable expenses             203,034  ($181,280 x 1.12)

Contribution margin        $379,366

Fixed Expenses                 219,000 ($191,000 + 28,000)

Net Operating Income    $160,366

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