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- A company is planning to manufacture rocking chairs. The fixed cost is $40,000 and the cost pre rocking chair is $80. Each rocking chair will be sold for $180. In the space below, type in the formula for the revenue function, R(x), from the sale of x rocking chairs.Gonzales Brush Company sells standard hair brushes.The following Information summarizes Gonzales's operating activities for 2018. Requirements Requirement 1. Calculate the operating income for 2018 Requirements 2. Gonzales sold 6.200 brushes in 2018 Compute the unit cost for one brushOliver Brush Company sells standard hair brushes. The following information summarizes Oliver's operating activities for 2018: Requirements 1. Calculate the operating income for 2018 2. Oliver sold 5,400 brushes in 2018. Compute the unit cost for one brush.
- Complete this question by entering your answers in the tabs below. Sims Company, a manufacturer of tablet computers, began operations on January 1, 2019. Its cost and sales information for this year follows. Manufacturing costs Direct materials $ 35 per unit Direct labor $ 55 per unit Overhead costs Variable $ 30 per unit Fixed $ 7,350,000 (per year) Selling and administrative costs for the year Variable $ 775,000 Fixed $ 4,500,000 Production and sales for the year Units produced 105,000 units Units sold 75,000 units Sales price per unit $ 360 per unit Required 1 Required 2 Prepare an income statement for the year using variable costing. SIMS COMPANY Variable Costing Income Statement Net income (loss)You are given the information below and you are requested to answer the following questions (keep your calculations at a side paper because you might need them to answer other questions also): Beginning finished goods, 1/1/2019 $ 90,000 Ending finished goods, 31/12/2019 $ 77,000 Cost of goods sold $ 270,000 Sales revenue $ 500,000 Operating expenses $ 155,000 Question: What is gross margin for 2019?Calculating income and cost per unit for a merchandising company Conway Brush Company sells standard hair brushes. The following information summarizes Conway’s operating activities for 2018: Requirements Calculate the operating income for 2018. Conway sold 6,600 brushes in 2018. Compute the unit cost for one brush.
- Hewitt Enterprises is a business that buys and sells printers at a profit and has the following information available for the month of June 2020: There were 100 printers in the warehouse on 1Jun On 10Jun, 50 printers were bought from Printing Traders at R50 per printer. Another purchase of 50 printers were made from the same company for the same price on 20Jun 80 printers were sold during the month. The selling price for one printer is R90. Calculate the gross profit of Hewitt Enterprise for the month of June 2020Quincy Manufacturing reported the following information as of December 31, 2020. Based on actual costs, prepare the company's Schedule of Cost of Goods Manufactured and Sold. Be sure to include a proper heading and to provide necessary supporting calculations. Be sure to label what the numbers in your calculations represent. You will receive at most 50% credit for a correct answer if supporting calculations are not provided. If you upload a document with your answer, please be sure that your name appears at the top of the document. You will not receive credit if your name isn't on any attachment. Beginning Raw Materials Inventory$22,000Ending Raw Materials Inventory$27,000Indirect Materials Used$27,000Selling and Administrative Expenses$409,000Factory Rent$68,000Beginning Work in Process Inventory$33,000Ending Work in Process Inventory$25,000Net Delivered Cost of Materials Purchased$210,000Direct Labor Wages$325,000Production Equipment Depreciation$95,000Factory Supplies…Grouse Inc. is a small distributor of mechanical pencils. Grouse identifies its three major activities and cost pools as ordering, receiving and storage, and shipping, and it reports the following details for 2019: (Click the icon to view the activity and cost pool details.) Data table Activity 1. Placing and paying for orders of pencil packs 2. Receiving and storage 3. Shipping of pencil packs to retailers C Cost Driver For 2019, Grouse buys 250,000 pencil packs at an average cost of $5 per pack and sells them to retailers at an average price of $9 per pack. Assume Grouse has no fixed costs and no inventories. Calculate Grouse's operating income for 2019. Number of orders Loads moved Number of shipments Quantity of Cost per Unit of Cost Cost Driver Driver 600 4,000 1,500 $100 per order $60 per load $90 per shipment X
- The cost data for Evencoat Paint for the year 2019 is as follows: Using the high-low method, express the companys maintenance costs as an equation where x represents the gallons of paint produced. Then estimate the fixed and variable costs. Predict the maintenance costs i190,000 gallons of paint are produced. Predict the maintenance costs if 81,000 gallons of paint are produced. Using Excel, create a scatter graph of the cost data and explain the relationship between gallons of paint produced and equipment maintenance expenses.In June 2019, Juggle Ade produced 6,000 jars of powdered drink mix and sold 5,000 jars.The sale price was $54 per jar. Variable costs were $20 per case ($16 manufacturing and $4 selling & administrative) and total fixed costs were $90,000 ($70,000 manufacturing and$20,000 selling & administrative).The company had no beginning inventory. Required:a) Calculate the following for Juggle Adei) The total cost per unitii) The value of ending inventories using marginal costingiii) The value of ending inventories using total costing b) Prepare the June income statement for Juggle Ade using variable costing, clearlyshowing contribution and the components of total fixed costs.Pierce Drycleaners has capacity to clean up to 6,000 garments per month. E (Click the icon to view the cost schedule.) Assume that Pierce charges customers $12 per garment for dry cleaning. Prepare Pierce's projected income statement if 4,220 garments are cleaned in March. First, prepare the income statement using the traditional format; then prepare Pierce's contribution margin income statement. Data table swers to the nearest whole dollar. Enter losses with parentheses or a 4,500 Garments 3,000 6,000 Garments Garments Total variable costs $ 2,100 $ 3,150 $ 4,200 Total fixed costs 10,800 10,800 10,800 $ 12,900 $ 13,950 $ 15,000 Total operating costs Variable cost per garment 2$ 0.70 $ 0.70 $ 0.70 3.60 2.40 1.80 Fixed cost per garment $ Average cost per garment 4.30 $ 3.10 $ 2.50 Print Done