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- Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700 in April. Each pole requires a half pound of material, which costs $1.20 per pound. The companys policy is to have enough material on hand to equal 10% of the next months production needs and to maintain a finished goods inventory equal to 25% of the next months production needs. What is the budgeted cost of purchases for March?Kate’s Kale Chips produces a healthy snack made primarily of kale. Each bag of the product sells for $5. The company computes the manufacturing overhead rate on a quarterly basis based upon the planned number of units to be produced that quarter. The following data are from the projections of Kate’s Kale Chips for the upcoming quarter: Projections Sales 26,000 bags Production 28,000 bags Variable manufacturing cost per bag $ 3.20 Sales and distribution costs per bag $ 0.25 Total fixed manufacturing overhead $ 42,000 Fixed administrative overhead $ 24,000 Required: 1. Compute the projected product cost per bag produced under full costing. 2. Compute the projected product cost per bag under variable costing. (Round your answers to 2 decimal places.) Please dont provide answer in images thank youKate's Kale Chips produces a healthy snack made primarily of kale. Each bag of the product sales for $5. The Company computes the manufacturing overhead rate on a quarterly basis based upon planned number of units to be produced that quarter.
- Healthy Hearth specializes in lunches for health-conscious people. The company produces a small selection of lunch offerings each day. The menu selections may vary from day to day, but Healthy Hearth charges the same price per menu selection because it adjusts the portion sizes according to the cost of producing the selection. Healthy Hearth currently sells 5,000 meals per month. Variable costs are $3 per meal, and fixed costs total $5,000 per month. A government agency recently proposed that Healthy Hearth provide 1,000 meals next month for senior citizens at $3.50 per meal. Volunteers will deliver the meals to the senior citizens at no charge. Required (a) Suppose Healthy Hearth has sufficient idle capacity to accommodate the government order for next month. What will be the impact on Healthy Hearth’s operating income if it accepts this order? (b) Suppose that Healthy Hearth would have to give up regular sales of 500 meals, at a price of $4.50 each, to accommodate the government…Breadmaster produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $2.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: E (Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour needs on hand at the end of each month. At the end of June, there were 154 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. Begin the direct materials budget by determining the total quantity needed, then complete the budget. (Enter the pounds per unit as a decimal to two places. Round your calculations to the nearest whole number.) Breadmaster Direct Materials Budget Data Table For the Months of July through September July August September Quarter Units to be produced July... 1,540 loaves Multiply by:…Citrus Girl Company (CGC) purchases quality citrus produce from local growers and sells the produce via the Internet across the United States. To keep costs down, CGC maintains a warehouse, but no showroom or retail sales outlets. CGC has the following information for the second quarter of the year: Expected monthly sales for April, May, June, and July are $260,000, $230,000, $350,000, and $130,000, respectively. Cost of goods sold is 30 percent of expected sales. CGC’s desired ending inventory is 40 percent of the following month’s cost of goods sold. Monthly operating expenses are estimated to be: Salaries: $34,000 Delivery expense: 8 percent of monthly sales Rent expense on the warehouse: $6,500 Utilities: $1,300 Insurance: $240 Other expenses: $340 Required: 1. Compute the budgeted cost of purchases for each month in the second quarter. 2. Complete the budgeted income statement for each month in the second quarter.
- During Christmas in Ghana the demand for children dresses at Takoradi mall is 500 units per month. Takoradi mall incurs a fixed order placement, transportation, and receiving cost of GHs 4,000 each time an order is placed. Each cycle costs GHS500 and the retailer has a holding cost of 20 percent. Calculate the number of dresses that the store manager should order in each replenishment lot? Discuss in detail the implications of this order on carrying and ordering costCompany G manufacturers tables. Each table uses 5 ft. of wood to manufacture. Wood currently costs $12 a foot. Based on their production budget, they will need to produce 8,400 tables. They currently have 5,000 ft. of wood in their beginning inventory, and want 3,000 ft. of wood remaining at the end of the period. How much will Company G need to budget for direct material costs?Vince's Pizza delivers pizzas to dormitories and apartments near a major state university. The company's annual fixed costs are $48,000. The sales price averages $9, and it costs the firm $3 to make and deliver each pizza. Required: A. How many pizzas must Vince's sell to break even? B. How many pizzas must the company sell to earn a target profit of $54,000? C. If budgeted sales total 9,900 pizzas, how much is the company's safety margin in dollars?
- Tony’s is a Pizzeria located near a local university. The restaurant not only sells two types of pizza: Thin Crust and Deep Dish, but also sells Pasta. Information relating to the three products for the next month follows: Thin Crust Deep Dish Pasta Expected sales (units) 1,000 400 200 Sales price $15 $20 $12 Variable cost $6 $8 $5 The company has monthly fixed costs of $10,000 and a tax rate of 20%. required a.>Assuming a consistent sales mix, if the company wishes to earn monthly net income of $25,000, how many units of each product type must be sold? b.>Compute the margin of safety in both dollar and percentage terms.Tony’s is a Pizzeria located near a local university. The restaurant not only sells two types of pizza: Thin Crust and Deep Dish, but also sells Pasta. Information relating to the three products for the next month follows: Thin Crust Deep Dish Pasta Expected sales (units) 1,000 400 200 Sales price $15 $20 $12 Variable cost $6 $8 $5 The company has monthly fixed costs of $10,000 and a tax rate of 20%. Required: a. Compute the company’s expected profit (net income) for the upcoming fiscal period. b. Compute the company’s sales mix. (Note Solve the normal way c. Assuming a consistent sales mix, how many units of each product type must the company sell to break even? d.Assuming a consistent sales mix, if the company wishes to earn monthly net income of $25,000, how many units of each product type must be sold? e. Compute the margin of safety in both dollar and percentage terms.Holland’s Pizza delivers pizzas to residences and apartments near a major state university. The company's annual fixed costs are $150,000. The sales price averages $25, and it costs the firm $15 to make and deliver each pizza. Required: Determine how many pizzas must Holland sell to break even?B. Determine many pizzas must the company sell to earn a target profit of $25,000?C. If budgeted sales total 20,500 pizzas, determine how much is the company's safety margin in dollars?