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Sales projections ( LO 2 ) Dodge Ball Bearings had sales of 1 5 , 0 0 0 units at $ 3 5 per unit
Sales projections LO Dodge Ball Bearings had sales of units at $ per unit last year. The marketing manager
projects a percent increase in unit volume sales this year with a percent price decrease due to a price reduction by a
competitor Returned merchandise will represent percent of total sales. What is your net dollar sales projection for this
year?
Vitale Hair Spray had sales of units in March. A percent increase is expected in April. The company will
maintain percent of expected unit sales for April in ending inventory. Beginning inventory for April was units. How
many units should the company produce in April?
On December of last year, Wolfson Corporation had an inventory of units of its product, which cost $ per unit to
produce. During January, the company produced units at a cost of $ per unit. Assuming that Wolfson
Corporation sold units in January, what was the cost of goods sold? Assume FIFO inventory accounting.
At the end of January, Higgins Data Systems had an inventory of units, which cost $ per unit to produce. During
February, the company produced units at a cost of $ per unit. If the firm sold units in February, what was
its cost of goods sold? Assume LIFO inventory accounting.
Convex Mechanical Supplies produces a product with the following costs as of July X:
Material.
$
Labor.
Overhead.
$
Beginning inventory at these costs on July was units. From July to December Convex produced units.
These units had a material cost of $ per unit. The costs for labor and overhead were the same. Convex uses FIFO invent
accounting.
Assuming that Convex sold units during the last six months of the year at $ each, what would gross profit be
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