Brian estimates that 4% of the grape concentrate is wasted, 10% of the sugar is lost, and 20% of the lemons cannot be used. Calculate the standard cost of the ingredients for one litre of wine. (Round intermediate calculations and final answer to 3 decimal places, eg 1.251) Standard cost of the ingredients for one litre of wine
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- Suppose a distribution channel for the sale of Peruvian wine includes a manufacturer, an importer, a distributor, and a retailer. The retailer sells the wine to consumers for $18.00 a bottle. The margins for the retailer, distributor, importer and manufacturer are 33%, 25%, 33% and 50% respectively. Can you calculate the manufacturer’s cost? Suppose a distribution channel for the sale of Peruvian wine includes a manufacturer, an importer, a distributor, and a retailer. The retailer sells the wine to consumers for $18.00 a bottle. If we know the margins for each channel member in the chain, can we calculate the manufacturer’s cost?Marigold Corp.wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2 per 12 oz. bottle. The following data has been collected: Annual sales Projected selling and administrative costs Desired profit The target cost per bottle is O $0.16. O $0.20. $0.80. O $0.64. 55000 bottles $8900 $66000SOLVE STEP BY STEP IN DIGITAL FORMAT DONT USE CHATGPT The papelitos company manufactures and sells personalized thermoses. Currently, 10,000 units are sold per year at a price of $320 per unit. Fixed costs are $40,000 monthly. Variable costs are $210 per unitYou are asked to calculate the number of units that need to be sold per month to reach the break-even point.Interpret the resultCalculate the units you must sell per month to obtain a profit of $14,000 per month.Perform the respective verification of the two previous points.
- mework Assignment i Save & Exit Submit Saved Help Check my work Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Selling Price per Case $ 3 Variable Cost Fixed Cost per Case $2 per Month Variety 1 Variety 2 Variety 3 5 3 10 6. Entire firm $46,200 The sales mix (in cases) is 40 percent Variety 1, 35 percent Variety 2, and 25 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $40,950 after taxes assuming the same sales mix?Question 1 LUMU has demand for 1400 water pumps each year. The cost of a water pump to LUMU is $400. Inventory carrying cost is estimated to be 20% of the unit cost and the ordering cost is $25 per order. If the owner orders in quantities of 300 or more, he can get a 5% discount on the pumps, Should LUMU accepts the quantity discount?The demand for Clean-Well company's product charges P30 per liter, how much revenue the company will earn, and how much consumer surplus will buyers benefit. Exactly, how much will buyers willing to pay for a bottle with 30 liters? Price Qd 50 10 45 20 40 30 35 40 30 50 25
- Lean principles Bright Night, Inc., manufactures light bulbs. Its purchasing policy requires that the purchasing agents place each quarters purchasing requirements out for bid. This is because the Purchasing Department is evaluated solely by its ability to get the lowest purchase prices. The lowest bidder receives the order for the next quarter (90 working days). To make its bulb products, Bright Night requires 36,000 pounds of glass per quarter. Bright Night received two glass bids for the third quarter, as follows: Central Glass Company: 30.00 per pound of glass. Delivery schedule: 36,000 (400 lbs. x 90 days) pounds at the beginning of July to last for 3 months. Ithaca Glass Company: 30.20 per pound of glass. Delivery schedule: 400 pounds per working day (90 days in the quarter). Bright Night accepted Central Glass Companys bid because it was the low-cost bid. Instructions 1. Comment on Bright Nights purchasing policy. 2. What are the additional (hidden) costs, beyond price, of Central Glass Companys bid? Why werent these costs considered? 3. Considering only inventory financing costs, what is the additional cost per pound of Central Glass Companys bid if the annual cost of money is 8%? (Hint: Determine the average value of glass inventory held for the quarter and multiply by the quarterly interest charge, then divide by the number of pounds.)3 OPTIMAL PRICING TO MAXIMIZE PROFIT The Calculus Canned Corn Company's production facility has a weekly overhead cost of $1000 with a unit cost of producing each can of $0.66 plus the cost of the can itself (from part 2). 1. Find the total cost C(D) in dollars of producing D cans of sauce. Cost of can 19 lo cents. 2. Use previously-determined information to find C(p), the total cost in dollars to produce enough cans to satisfy demand when the price is p dollars. (That is, replace D with an expression in terms of price.) 3. Profit is the defined as Revenue minus Cost. Find the total profit P(p) in dollars as a function of the unit price p in dollars. It is a good idea to use parentheses in order to avoid a sign error 4. Use technology and calculus to determine the price at which profit is maximized and the profit that will be attained. There are multiple correct methods. Explain/show your approach and results in the space below.Transfer Pricing As a Milk tea manufacturer company, BobbaTea supplies boba to Gula Hula and BobbaTime. BobbaTea supplies 100 kgs to Gula Hula per month and also 500 kgs to BobbaTime per month. BobbaTea as one of the founders of Gula Hula and BobbaTime, felt responsible for the supply of boba for both brands. BobbaTea itself has a product cost of IDR 10,000 per kilo. BobbaTea sells to other customers than Gula Hula and BobbaTime for IDR 20,000 per kilogram. Gula Hula gets prices from other suppliers at IDR 17,000 per kilogram, while BobbaTime gets 2,000 cheaper prices per kilogram than the price obtained by Gula Hula because it buys more. In general, BobbaTea’s production capacity is 2 (two) tons per month. During the 3rd quarter, BobbaTea’s felt that his sales had risen drastically, so BobbaTea was faced with the following conditions: Demand from customers is full up to 2 (two) tons in July because it is the dry season. With BobbaTea, they felt that they couldn't help but they need…
- View Policies Current Attempt in Progress Sheridan Company sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus) based upon quantity of units sold. Q-Drive has a unit variable cost of $120 and a selling price of $210. Q-Drive Plus has a unit variable cost of $100 and a selling price of $180. The weighted-average unit contribution margin for Sheridan is O $87. O $105. O $210. O $83. Save for Later Attempts: 0 of 1 used Submit AnswerProblems 1. Use the following standard cost card for 1 gallon of ice cream to answer the questions. Product: Gallon of Ice Cream Manufacturing Costs Direct Materials Cream Sugar Direct Labor Total Direct Costs K Standard Cost Card Standard Quantity 5 quarts 16 ounces 3 minutes x Standard Cost per Unit $1.15 per quart $.08 per ounce $36.00 per hour Actual direct costs incurred to make 50 gallons of ice cream: • 275 quarts of cream at $1.05 per quart • 832 ounces of sugar at $0.075 per ounce • 165 minutes of labor at $37 per hour All material used was bought during the current period. = Cost Summary $5.75 $1.28 $1.80 $8.83 a. Compute the material price, quantity and total variances. b. Compute the labor price quantity, and total variances. What are possible causes of the material and labor variances with respect to the company?Sheridan Company wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2 per 12 oz. bottle. The following data has been collected: Annual sales 50000 bottles Projected selling and administrative costs $8500 Desired profit $62000 The target cost per bottle is $0.59. $0.24. $0.17. $0.76.