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2 years ago

Lopez Corporation incurred the following costs while manufacturing its product.

Business

1 answer:

IrinaK [193]2 years ago

3 0

Answer:

(a) $353,400

(b) $375,200

Explanation:

Given that,

Materials used in product = $123,900

Advertising expense = $49,600

Depreciation on plant = 67,500

Property taxes on plant = 23,400

Property taxes on store = 8,420

Delivery expense = 24,000

Labor costs of assembly-line workers = 116,200

Sales commissions = 41,100

Factory supplies used = 24,600

Salaries paid to sales clerks = 53,000

(a) Cost of goods manufactured:

= Material used in product + Depreciation on plant + Labor costs of assembly-line workers + Factory supplies used + Property taxes on plant + Beginning Work in process inventory - Ending Work in process inventory

= $123,900 + $67,500 + $116,200 + $24,600 + $23,400 + $14,700 - $16,900

= $353,400

(b) Cost of goods sold:

= Cost of goods Manufactured + Opening finished goods - Closing finished goods

= $353,400 + $70,700 - $48,900

= $375,200

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Answer:

$1,102,820

Explanation:

The computation of the net present value is shown below:

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where,

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3 years ago

ProCart manufactures shopping carts which it sells directly to supermarkets at a unit price of $36. Salesmen complain that they

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Answer:

salesman sell before contributes anything to manufacturing overhead and profit = 1852 units

Explanation:

given data

Sale price = $36

variable cost = 40%

budgeted auto and travel expenses = $12,000

salary = $28,000

to find out

how many units will the salesman sell before contributes anything to manufacturing overhead and profit

solution

we get here makes variable cost that is

makes variable cost = 40% of $36

makes variable cost = $14.40

so contribution margin per unit will be

contribution margin = 36 - 14.4

contribution margin = $ 21.60

and Fixed cost will be as

Fixed cost = salary + budgeted auto and travel expenses

Fixed cost = 28000 + 12000

Fixed cost = $40000

and now salesman sell before contributes anything to manufacturing overhead and profit will be as

salesman sell before contributes anything to manufacturing overhead and profit = Fixed cost ÷ Contribution margin per unit .......................1

salesman sell before contributes anything to manufacturing overhead and profit = $\frac{40000}{21.6}$

salesman sell before contributes anything to manufacturing overhead and profit = 1852 units

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3 years ago

Coat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking

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Increase the promotion budget to gain greater awareness

Explanation:

Coat's manager continues to perform well in the market competing product as strong and is looking to take over the market share leader in segment.
The coat product manger in order to improve the buying criteria, and thus potentially increase demand the best product manager should purchased.

Marketing and promoting is a strategy in which one can communicate the customers and target prospective customers to buy the products.

Thus increasing the demand of the product and thereby increase the promotion budget and gain greater awareness.

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3 years ago

When you are in a conflict with another person, it is important to remember:

Galina-37 [17]

C. that you also helped create the conflict

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3 years ago

The following are budgeted data:Sales (units ) Production (units)April 15,000 18,000May 20,000 19,000June 18,000 16,000Two pound

zmey [24]

Answer:

Total= 36,800 pounds

Explanation:

Giving the following information:

Sales (units ) - Production (units):

May: 20,000 - 19,000

June: 18,000 - 16,000

Two pounds of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs.

Purchases for May= production for the month + desired ending inventory - beginning inventory

Production= 19,000*2 pounds= 38,000 pounds

Desired ending inventory= (16,000*2)*0.2= 6,400 pounds

Beginning inventory= (38,000*0.2)= (7,600)

Total= 36,800 pounds

3 0

3 years ago