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erik [133]
3 years ago
15

Beachside Co. sells two products, Skis and Snorkels. Last year Beachside sold 12,600 units of Skis and 23,400 units of Snorkels.

Related data are: Product Unit Selling Price Unit Variable Cost Unit Contribution Margin Skis $120 $80 $40 Snorkels 80 60 20 What was Beachside Co.'s total unit selling price? a. $104 b. $92 c. $94 d. $36.80
Business
1 answer:
sasho [114]3 years ago
8 0

Answer:

Weighted average selling price= $94

Explanation:

Giving the following information:

Sales in units:

Skis= 12,600

Snorkles= 23,400

Total= 36,000

Product: Unit Selling Price

Skis= $120

Snorkels= $80

We need to calculate the weighted average selling price per unit for the company as a whole.

<u>First, we need to calculate the participation of each product on sales:</u>

Skis= 12,600/36,000= 0.35

Snorkles= 23,400/36,000= 0.65

Weighted average selling price= (0.35*120) + (0.65*80)= $94

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3 years ago
You have decided to buy a used car. The dealer has offered you two options: (FV of S1, PV of $1, FVA of $1, and PVA of $1) (Use
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Answer:

1-a.

in order to determine the present value of option a we can look for the PVIFA (annuity factor) for 24% / 12 = 2% monthly rate and 25 payments.

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+

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5 0
2 years ago
Peking Palace Company reported the following: Standard quantity per unit 3 lbs. Standard price per pound $2.75 Actual pounds use
SCORPION-xisa [38]

Answer:

$577.5 favorable

Explanation:

Data provided in the question:

Standard quantity per unit 3 lbs

Standard price per pound = $2.75

Actual pounds used = 15,000 lbs

Actual price per pound = $2.90

Number of units produced = 5,070

Now,

The direct materials quantity variance is given as;

= | ( Actual quantity - Standard quantity ) | × Standard price

= ( 15,000 lbs - {Standard quantity per unit × units produced}) × $2.75

=  ( 15,000 lbs - { 3 × 5,070}) × $2.75

= | ( 15,000 lbs - 15,210 ) | × $2.75

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Standard quantity is higher than the actual quantity

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7 0
3 years ago
Alyssa owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in h
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Answer:

It is an example of the shoes leather costs.

Explanation:

Shoe leather cost is the cost which involve the time as well as the efforts which people spend on trying to counter-act the inflation effects like holding less amount of cash and make additional trips to the bank.

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3 years ago
Fast-food restaurants like McDonald's are replacing cashiers with touch-screen ordering kiosks. Currently the MPL for an additio
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Answer:

a. Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.

b. Whataburger should hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost

Explanation:

a. According to the given data we have the following:

Let "C" is a cashier.

"K" is a kiosk

MPC = 48 (Marginal Product of Cashier)

MPK = 32 (Marginal Product of Kiosk)

PC = $15 (cashier can be hired for a wage of $15)

PK = $12 (Kiosk rents for $12)

At optimal cost minimization point, (MPC / MPK) = (PC / PK)

(MPC / PC) = (MPK / PK)

(MPC / PC) = (48 / 15) = 3.2

(MPK / PK) = (32 / 12) = 2.67

Since the (MPC / PC) and (MPK / PK) is not equal. It implies Whataburger is not using the optimal cost-minimizaing mix of cashier and kiosks.

b. We have to use the following:

(MPC / PC) > (MPK / PK)

i.e., 3.2 > 2.67

It means Whataburger hire more cashier and rent fewer kiosks in order to improve its mix of inputs and minimize the cost.

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