Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Crane Company has collected the following data concerning one of its products: Unit sales price $145 16000 Total sales units Unit cost $121 Total investment
Crane Company has collected the following data concerning one of its products: Unit sales price $145 16000 Total sales units Unit cost $121 Total investment $1900000 The markup percentage is O 21.30% O 20.21% O 17%. O 19.83% e Textbook and Media The following data is available for Vaughn Repair Shop for 2019: $300000 Repair technicians' wages Fringe benefits Overhead Total 90000 70000 $460000 The desired profit margin is $48 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019. In January 2019. Vaughn repairs a bicycle that uses parts of $120. Its material loading charge on this repair would be $48. $236. O $140. $72 Taythos Media Sheffield Corp.recently performed repair services for a customer that totaled $420. Somehow the bill was lost and the company accountant was trying to recreate the bill from memory. This is what was remembered: Total bill $680 Labor profit margin $10 Materials profit 20% margin Total labor charges $340 Cost of materials $160 used Total hourly cost $22.50 How many hours were billed on the job? 15.1 O 17.6 e 8.0 16.2 Waterway Industriesmanufactures and sells high-priced motorcycles. The Engine Division produces and sells engines to other motorcycle companies and internally to the Production Division. It has been decided that the Engine Division will sell 30000 units to the Production Division at 1050 a unit. The Engine Division, currently operating at capacity, has a unit sales price of $3550 and unit variable costs and fixed costs of $1050 and $2500, respectively. The Production Division is currently paying $3400 per unit to an outside supplier. $120 per unit can be saved on internal sales from reduced selling expenses. What is the increase/decrease in overall company profits if this transfer takes place? Decrease $4500000 Increase $3465000 Decrease $900000 Increase $70500000 e Textbook and Media
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started