?????? ?????? ????? ???? - ?????? Question 15 Not yet answered Marked out of 2.00 Net realisable value is the estimated selling price less the estimated costs of completion and the estimated costs necessary to make the sale. Select one: True False Flag question ?????? ??????
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Akash M.
Radar Company sells bikes for $500 each. The company currently sells 4,250 bikes per year and could make as many as 4,560 bikes per year. The bikes cost $290 each to make, with $150 in variable costs per bike and $140 of fixed costs per bike. Radar received an offer from a potential customer who wants to buy 310 bikes for $490 each. Incremental fixed costs to make this order are $41,000. No other costs will change if this order is accepted. Compute Radar's additional income (ignore taxes) if it accepts this order.
Sri K.
Ever Company budgets sales at $2,000,000 and expects a net income before tax of 10% of sales. Expenses are estimated as follows: Selling: 15% of sales Administrative: 9% of sales Finance: 1% of sales Labor is expected to be 40% of the total manufacturing costs. Factory overhead is to be applied at 75% of direct labor costs. Inventories are as follows: January 1: Materials - $250,000 Work-in-Process - $200,000 Finished goods - $350,000 December 31: Materials - $300,000 Work-in-Process - $320,000 Finished goods - $400,000 Required: a. How much will be the cost of goods sold? b. How much will the total manufacturing cost? c. How much will be the factory overhead? d. How much will be the material purchases?
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