Kristine is distributor of brass picture frames for P45. For 2022, she plans to purchase for P30 each and sell them for P45 each. Kristine's fixed costs are expected to be P240,000. Kristine's only other costs will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery , and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristine ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristine sells 40,000 frames in 800 shipments in 2022, What is the Kristine's operating income for 2022?
Q: distributor of brass picture frames for P45. For 2022, she plans to purchase for P30 each and sell…
A: Given information : Purchase price 30 Selling price 45 Expected fixed costs 240000 Variable…
Q: On 1 Jul 2020, Eileen, a small-scale trading company, has made a deal with a local dental clinic to…
A: Calculation of rate Inventory under weighted average method Average Rate = Value of Goods available…
Q: Assume that HASF furniture Inc., as described, currently purchases the chair cushions for its lawn…
A: The companies make their make or buy decisions based on comparative analysis of total costs incurred…
Q: 1.) Caroline, the owner of Caroline's Boutique, Ltd., estimates that she will sell $20,000.00 worth…
A: in order to carry the optimal quantity that means to be ordered for year. calculation involve such…
Q: Assume that HASF furniture Inc., as described, currently purchases the chair cushions for its lawn…
A: Assume that HASF furniture Inc., as described, currently purchases the chair cushions for its lawn…
Q: One of your Taiwanese suppliers has bid on a new line of molded plastic parts that is currently…
A: NPV It provides the net present value or worth of an investment. If NPV is calculated considering…
Q: 1. A shop sells animal dolls at a very steady pace of 10 per day, 310 days per year. The wholesale…
A: It is specifically asked the solution in Handwritten notes hence we will give the solution…
Q: Kristine is distributor of brass picture frames for P45. For 2022, she plans to purchase for P30…
A: Operating income is the profits of an entity that are earned from its main operations like sales of…
Q: H&M chief demand planner has estimated that 9250,000 units of clothing sold in 2021.H&M cost of…
A: Economic Order Quantity - EOQ helps the company ensure the quantity that needs to order quantity…
Q: Sephora offers its customers a traveller's gift set as a premium in exchange for $ 40 if the…
A: Journal entry is the first step in the process of accounting, which is recording of financial data…
Q: A third alternative for Miami Industries is to sell the machine as is for a price of $52,000.…
A: Given, Miami Industries received associate order for a bit of special machinery from Jay Company.
Q: A manufacturer can sell a certain health supplement for P1,100 per unit. Its total cost consists of…
A: a) Break-even units: = Fixed cost/contribution per unit = Php75,000/ (Php1100 - Php440 per unit) =…
Q: GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price…
A: Economic order quantity means the number of units to be purchased in one order and at this point,…
Q: 5. What is the maximum price that Silven should be willing to pay the outside supplier for a box of…
A: Make/Buy Decision Whether company should purchase the products from the supplier or should make the…
Q: Leo Consulting enters into a contract with Highgate University to restructure Highgate’s processes…
A: The transaction price that Leo will estimate for this contract is $30,000.
Q: .Susanna runs a hat shop in Melbourne, VIC. During the FY20, she bought 300 hats for $99 each (incl…
A: GST Payable = Output Tax - Input Tax
Q: Assume that RR purchases $200,000 (net of discounts) of materials on terms of 1/10, net 30, butthat…
A: Formula to compute gross purchase as follows:
Q: Patsy Smith is planning to sell her special knife for $15 per unit. She purchases units from a local…
A: Break even point means where there is no profit no loss. Variable cost means the cost which vary…
Q: The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super Shag carpet. The annual…
A: Given information is: The I-75 Carpet Discount Store has an annual demand of 10,000 yards of Super…
Q: Sisters Company specializes in selling and installing upscale home theater systems. On April 1,…
A:
Q: ABC Kitchen sells dishwashers and garbage disposals to customers. The company buys the dishwashers…
A: The profit from the sale of goods is realized when the goods reach their final delivery destination.…
Q: Burmy Company has contacted Stufful with an offer to sell them 5,000 of the subassemblies for P22.00…
A: Given: Particulars Make Units 5000 Direct material ₱1.00 Direct labor ₱10.00 Variable…
Q: What is the premium expense for the current year? * Sisiw Company offers a pottery bowl if they send…
A: Premium expenses for the current year will be estimated total cost of estimated redemption of the…
Q: Regis Company makes the plugs it uses in one of its products at a cost of P36 per unit. This cost…
A: Variable cost per unit = Total costs - fixed overhead = P36 - 8 = P28 per unit
Q: Kristin is a distributor of bras picture frames. For 20X4, she plans to purchase for P30 each and…
A: Operating Income = Sales -Purchase -Shipment cost - Fixed Cost
Q: Mahrouq Technologies buys $14,962,649 of materials (net of discounts) on terms of 5/30, net 60, and…
A: Credit terms are terms that indicate possible discounts, late payment fees, applicable interest, and…
Q: The Alpha Company produces microchips used in cellphones. Each microchip is priced at P45 and the…
A: The relevant cost is the cost incurred for the special order. The relevant cost in this case, will…
Q: Jen Company manufactures 20,000 units of part S1 each year for use on its production line. The cost…
A: The make or buy decision is taken by analysing various factors such as cost of manufacturing the…
Q: BM Motors, Inc. employs 40 sales personnel to market its line of luxury automobiles. The average car…
A: An indifference point is a point where both proposals provide the same results.it is also known by…
Q: At the end of June 2019, Ash Design has spent RM 320,000 on 80,000 meters of fabric in the…
A: >Variances can be understood as a 'difference' between what was actually budgeted and what…
Q: Santana Rey expects sales of Business Solutions’s line of computer workstation furniture to equal…
A: Prepare income statements using absorption costing as follows: Result:
Q: 8. Montoya Enterprises produces a sword that sells for $200. Although the company's production…
A: Variable cost is the cost that changes with the change in the output. Variable cost remains constant…
Q: 2. Vincent is leasing 100 units of market space in zamboanga city. He computed his fixed costscat…
A: 2) Fixed cost = P 320000 Leasing revenue = P 14000 Leasing cost = P 2950 Let n = Number of units for…
Q: You are the Chief Financial Officer of Max Gifts Company. A small company that sells Italian…
A: Contribution margin = Sales - Variable cost Contribution margin of Building Globe = $40,000…
Q: At the end of June 2019, Ash Design has spent RM 320,000 on 80,000 meters of fabric in the…
A: Variances can be understood as a 'difference' between what was actually budgeted and what actually…
Q: Ella buys a machine for $ 18,500, less discounts of 20% and 15%. The overhead expenses are 8% on…
A: Selling price refers to the actual price on which the seller sells the goods or services to the…
Q: Indicate how much income Sunland should recognize in January, February, March, and April.
A: As per IFRS 15, principal has to recognise revenue on a gross basis where as agent has to recognise…
Q: Kristin Company sells 300 units of its products for $20 each to Logan Inc. for cash. Kristin allows…
A:
Q: Assume that HASF furniture Inc., as described, currently purchases the chair cushions for its lawn…
A: Assume that HASF furniture Inc., as described, currently purchases the chair cushions for its lawn…
Q: Pasti Berhad values, advertises and sells residential property on behalf of its customers. The…
A: Cash budget refers to an estimation of cash inflows and outflows in a business over a specified…
Q: This year, Lambert Company will ship 1,500,000 pounds of goods to customers at a cost of $1,200,000.…
A: Formula: Cost per pound = Total cost / Number of pounds.
Q: Angel Company expects to sell 500,000 units in 2021 at P50 per unit. Variable manufacturing costs in…
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: PT Franklin is a company that produces clone iPhones. The 2 products produced are the iPhone 11 Pro…
A: Income statement is prepared to show the financial performance of the organisation during the…
Q: The owner of old -Fashioned Berry Pies, S. Simon, is contemplating adding a new line of pies, which…
A: Profit is the amount that is left after deducting all the costs incurred.
Q: Stellar, Inc. is a distributor of prepaid telephone cards to customers in its convenience stores.…
A: The distributor is the person who purchases the products from the manufacturer and sells the product…
Q: Preston Petroleum has spent $200,000 to refine 60,000 gallons of petroleum distillate, which can be…
A: Soltuion 1: Joint Cost of Producing 60000 gallons of petroleum distillate 200000 Revenue from…
Q: he Lantern Corporation has 1,000 obsolete lanterns that are carried in inventory at a manufacturing…
A: In case of decisions to be made between two or more altenatives, then alternative which has maximum…
Q: Boulevard Company expects to sell 500,000 units in 2021 at P100 per unit. Variable manufacturing…
A: Determine the effect in income when the special order is accepted ::::: special order ::: 50,000…
Q: Using the data below, estimate the direct labor costs per unit for 2021. Consider carefully the…
A: >The Requirement asks for Estimate of Direct Labor cost per unit for 2021 >Direct Labor cost…
7. Kristine is distributor of brass picture frames for P45. For 2022, she plans to purchase for P30 each and sell them for P45 each. Kristine's fixed costs are expected to be P240,000. Kristine's only other costs
will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery , and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristine ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristine sells 40,000 frames in 800 shipments in 2022, What is the Kristine's operating income for 2022?
Step by step
Solved in 3 steps
- 8. Kristine is distributor of brass picture frames for P45. For 2022, she plans to purchase for P30 each and sell them for P45 each. Kristine's fixed costs are expected to be P240,000. Kristine's only other costs will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery , and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristine ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristine anticipates making 500 shipments in 2022. How many picture frames must Kristine sell to break even in 2022?Kristin is a distributor of brass picture frames. For 20X4, she plans to purchase for P30 each and sell them for P45 each Kristin's fixed costs are expected to be P 240,000. Kristin's only other cost will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery, and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristin ships an order of picture frames, regardless of the number of frames in the order. 1 Suppose Kristin sells 40,000 picture frames in 1,000 shipments in 20X4, what is the Kristin's operating income for 20X4? a P 300,000 b. P 420,000 c P 240,000 d P 450,000 2. Suppose Kristin sells 40,000 picture frames in 800 shipments in 20X4, what is the Kristin's operating income for 20X4? a P 246,000 b P 325,000 c. P 211,000 d. P312,000 3. Suppose Kristin anticipates making 500 shipments in 20X4, how many picture frames must Kristin sell to break-even in 20X4 a 18,000 6. 12,000 C. 14,000 d…Kristin is a distributor of bras picture frames. For 20X4, she plans to purchase for P30 each and sell them for P45 each. Kristin’s fixed costs are expected to be P 240,000. Kristin’s only other cost will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery, and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristin ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristin sells 40,000 picture frames in 1,000 shipments in 20X4, what is the kristin’s operating income for 20X4? a. P 300,000 b. P 420,000 c. P 240,000 d. P 450,000
- Kristin is a distributor of bras picture frames. For 20X4, she plans to purchase for P30 each and sell them for P45 each. Kristin’s fixed costs are expected to be P 240,000. Kristin’s only other cost will be variable costs of P60 per shipment for preparing the invoice and delivery documents, organizing the delivery, and following up for collecting accounts receivable. The P60 cost will be incurred each time Kristin ships an order of picture frames, regardless of the number of frames in the order. Suppose Kristin anticipates making 500 shipments in 20X4, how many picture frames must Kristin sell to break-even in 20X4 a. 18,000 b. 12,000 c. 14,000 d. 16,000Plank, the new owner of the vehicle accessory shop, is considering buying sets of winter tyres for $ 299 per set and selling them at $ 520 each. Fixed costs related to this operation amount to $ 3250 per month. It is expected that 18 sets per month could be sold. How much profit will Plank make each month? Hint: use the contribution margin approach.Xia-Ming is considering the expansion of her picture-framing camera business to include the printing of oversize pictures from CDs. She would need to lease equipment, at a cost of $66 per month. To process the pictures, she estimates that she would have supplies expenses of $4 per picture. Xia-Ming estimates that she can sell 60 pictures per month. (a) What price should she charge to break even? (b) Compute the break-even point in sales dollars. The picture frames should be sold for $ to break even. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Ask my instructor по C U MB 1 100 U Clear all Check answer TUF GAMING JYSKO PRISC
- Patsy Smith is planning to sell her special knife for $15 per unit. She purchases units from alocal distributor for $6 each. She can return any unsold units for a full refund. Fixed costs forbooth rental, including lighting and security are $4500. Required a) Compute the breakeven point in units sold. b) Suppose the unit purchased is $5 instead of $6, the fixed cost increases by $500, butthe selling price is unchanged. Compute the new breakeven point in units sold. c) Using the above data, explain how cost behavior affects Patsy Smith’s decision-making?Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $10,780. The booth will be open 22 hours during the trade show. Ms. Ortega also plans to add a new product line, ProOffice, which will cost $180 per package. She will continue to sell the existing product, EZRecords, which costs $94 per package. Ms. Ortega believes that the salesperson will spend approximately 12 hours selling EZRecords and 10 hours marketing ProOffice. Required a. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 78 units of EZRecords and 59 units of ProOffice. b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 205 units of EZRecords and 110 units of ProOffice. Note: For all requirements, round "Cost per unit" to 2 decimal…Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $12,690. The booth will be open 27 hours during the trade show. Ms. Ortega also plans to add a new product line, ProOffice, which will cost $180 per package. She will continue to sell the existing product, EZRecords, which costs $103 per package. Ms. Ortega believes that the salesperson will spend approximately 17 hours selling EZRecords and 10 hours marketing ProOffice. Required a. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 72 units of EZRecords and 45 units of ProOffice. b. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 202 units of EZRecords and 101 units of ProOffice. Note: For all requirements, round "Cost per unit" to 2 decimal…
- A recently retired professor, Melinda Marketing, plans to establish the Hot-Air FanCompany and manufacture circulating fans. She estimates the fixed cost of operations tobe $357,500 annually. The variable cost of producing the fans is forecasted to be $85 perunit.a. How many fans must be sold to break even if the fans are priced at $150?b. If Hot-Air sells 6,000 fans, what will be the EBIT?c. If Hot-Air sells 6,000 fans and has interest expense of $8,125, what is Hot-Air’stimes-interest-earned? Hot-Air does not have any nonoperating expenses.d. If the fans are priced at $150, what is Hot-Air’s breakeven sales?Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $10,660. The booth will be open 26 hours during the trade show. Ms. Ortega also plans to add a new product line, ProOffice, which will cost $190 per package. She will continue to sell the existing product, EZRecords, which costs $103 per package. Ms. Ortega believes that the salesperson will spend approximately 16 hours selling EZRecords and 10 hours marketing ProOffice. Required a. Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 73 units of EZRecords and 59 units of ProOffice.Caroline, the owner of Caroline’s Boutique, estimates that she will sell P300,000 worth of certain decorator table this year (P5,000/unit). Her accountants have determined that ordering costs amount to P1,250 per order and that carrying cost to 30% of average inventory. a.What is the optimum number of orders per year? b.How much is the optimum peso per order? c.What is the optimum number of units per order?