Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 5 Assume that total sales revenue for 2015 is projected to be $1,038,157. Assume also the following costs for Shannons Brewery: Packaged (Cans &

QUESTION 5

Assume that total sales revenue for 2015 is projected to be $1,038,157. Assume also the following costs for Shannons Brewery:

Packaged (Cans & Bottles)

$133,790

Kegs

$60,923

Shrinkage/WIP Loss

$42,000

Contract Labor

$9,000

Direct Labor

$240,000

Freight

$18,000

Consumer Advertising

$30,000

Trade Promotion

$30,000

Sales Promotion

$18,000

Salaries & Benefits

$180,000

Compute Shannons %NMC. Round your answer to the nearest percent. For example, if your computed answer is 99.4% your answer rounds down to 99%. If your computed answer is 99.5% you should round up to 100%. DO NOT INCLUDE THE % SIGN IN YOUR ANSWER.

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

Managerial Accounting

Authors: Peter Clarke

2nd Edition

9781907214240

More Books

Students also viewed these Accounting questions

Question

3.10 Is China experiencing a net capital inflow or outflow?

Answered: 1 week ago