Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

- = Ho More info HW Score Points number: 01, 02, 03, 04, 09 Earing Delight following activi (Click the Read the requ 1. Customer

image text in transcribedimage text in transcribed

- = Ho More info HW Score Points number: 01, 02, 03, 04, 09 Earing Delight following activi (Click the Read the requ 1. Customer orders. The salespeople, designers, and jewelry makers spend time with the customer. The cost-driver rate is $50 per hour spent with a customer. 2. Customer fittings. Before the jewelry piece is completed, the customer may come in to make sure it looks right and fits properly. Cost-driver rate is $24 per hour. 3. Rush orders. Some customers want their jewelry quickly. The cost-driver rate is $95 per rush order. 4. Number of customer return visits. Customers may return jewelry up to 30 days after the pickup of Requirement balances. Use parentheses Print Done Revenue Cost of produd Gross profit Custo Data table CU CU RU RO Custo Information about the six customers follows. Some customers purchased multiple items. The cost of the jewelry is 60% of the selling price. Customer number 01 02 03 04 05 06 Sales revenue $ 550 $ 5,300 $ 350 $ 3,000 $ 5,200 $ 750 Cost of item(s) $ 330 $ 3,180 $ 210 $ 1,800 $ 3,120 $ 450 Hours spent on customer order 5 6 7 18 Hours on fittings 0 6 0 0 5 1 Number of rush orders 0 1 1 0 4 0 Number of return visits 0 0 1 1 1 1 5 Earing Delights is a new company that manufactures custom jewelry. Earing Delights currently has six customers referenced by customer number: 01, 02, 03, 04, 05, and 06. Besides the costs of making the jewelry, the company has the following activities: (Click the icon to view the activities.) : (Click the icon to view the customer data.) Read the requirements. Requirement 1. Calculate the customer-level operating income for each customer. (Complete all answer boxes. Enter a "0" for any zero balances. Use parentheses or a minus sign when entering operating losses.) Customer 01 02 03 04 05 06 Revenue $ 550 $ 350 $ 3,000 $ 5,300 $ 3,180 5,200 $ 3,120 750 450 Cost of product 330 210 1,800 Gross profit Customer-level costs Customer orders Customer fittings Rush order costs Returns for repair Customer-level operating income (loss) - = Ho More info HW Score Points number: 01, 02, 03, 04, 09 Earing Delight following activi (Click the Read the requ 1. Customer orders. The salespeople, designers, and jewelry makers spend time with the customer. The cost-driver rate is $50 per hour spent with a customer. 2. Customer fittings. Before the jewelry piece is completed, the customer may come in to make sure it looks right and fits properly. Cost-driver rate is $24 per hour. 3. Rush orders. Some customers want their jewelry quickly. The cost-driver rate is $95 per rush order. 4. Number of customer return visits. Customers may return jewelry up to 30 days after the pickup of Requirement balances. Use parentheses Print Done Revenue Cost of produd Gross profit Custo Data table CU CU RU RO Custo Information about the six customers follows. Some customers purchased multiple items. The cost of the jewelry is 60% of the selling price. Customer number 01 02 03 04 05 06 Sales revenue $ 550 $ 5,300 $ 350 $ 3,000 $ 5,200 $ 750 Cost of item(s) $ 330 $ 3,180 $ 210 $ 1,800 $ 3,120 $ 450 Hours spent on customer order 5 6 7 18 Hours on fittings 0 6 0 0 5 1 Number of rush orders 0 1 1 0 4 0 Number of return visits 0 0 1 1 1 1 5 Earing Delights is a new company that manufactures custom jewelry. Earing Delights currently has six customers referenced by customer number: 01, 02, 03, 04, 05, and 06. Besides the costs of making the jewelry, the company has the following activities: (Click the icon to view the activities.) : (Click the icon to view the customer data.) Read the requirements. Requirement 1. Calculate the customer-level operating income for each customer. (Complete all answer boxes. Enter a "0" for any zero balances. Use parentheses or a minus sign when entering operating losses.) Customer 01 02 03 04 05 06 Revenue $ 550 $ 350 $ 3,000 $ 5,300 $ 3,180 5,200 $ 3,120 750 450 Cost of product 330 210 1,800 Gross profit Customer-level costs Customer orders Customer fittings Rush order costs Returns for repair Customer-level operating income (loss)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Inventory Best Practices

Authors: Steven M. Bragg

2nd Edition

1118000749, 9781118000748

More Books

Students also viewed these Accounting questions