WHAT IS THIS A MICROSCOPIC PICTURE OF ?   

There is a stall by the road in which a boy sells various items. A merchant walks up to the boy and after some hemming and hawing, the boy agrees to sell two of his most precious items to the merchant for $360 each (receiving a total of $720). With the $360 selling price, the boy got a 20% markup over cost on one of the items but took a 20% loss on the other. What is the overall % profit or % loss of the boy on account of selling the two items to the merchant?

WQ2 Part 5 (2 points) If the head of Audien, Nate Rathbun, is compensated based on quarterly operating income, which method of inventory costing would Nate prefer – absorption, variable, or throughput? 

WQ6 (6 points) Italy played Spain in the European Championships. Ticket sales have the following information: Low-Tier Tickets Floor-Tickets Total  (when applicable) Budgeted CM per ticket $25 $125 Actual CM per ticket $20 $130 Budgeted seats sold 45,000 15,000 60,000 Actual seats sold 55,000 7,500 62,500     Amount F or U Total sales-volume variance     Total sales-quantity variance     Total sales-mix variance       Formulas: Sales Volume Var = (Actual units sold – Budgeted units sold) * Budgeted CM per unit Sales Quantity Var = (Actual units of all products sold – Budgeted units of all products sold) * Budgeted sales mix % * Budgeted CM per unit Sales Mix Var = Actual units of all products sold * (Actual sales mix % – Budgeted sales mix %) * Budgeted CM per unit Flex Budget Var = (Actual CM per unit – Budgeted CM per unit) * Actual sales mix % * Actual units of all products sold  

The following information pertains to the three multiple-choice questions that follow: Louis the Child manufactures Gold Body Glitter. For 2018, Louis the Child has budgeted 32,000 units of glitter to be manufactured. The company currently has machines in place that are able to manufacture 40,000 units, but will incur an additional $300,000 to manufacture anywhere from 40,001-65,000 units. Fixed costs, excluding the $300,000 are $127,360. Direct labor costs are $10 per unit, direct material costs are $15 per unit, and variable overhead costs are $20 per unit. 1) Based on its current budgeted production, if the company prices its Gold Body Glitter at full product cost plus 50%, the price of the glitter will be ____.

Extra Credit 1 Kim buys 1,000 rolls of luxury toilet paper for $20 per roll. The next week, toilet paper scarcity strikes the country, and he receives a one-time offer to sell his toilet paper for $25 per roll. If Kim accepts, by what percentage does he increase his money?  (1 bonus point)

Louis the Child manufactures Gold Body Glitter. For 2018, Louis the Child has budgeted 32,000 units of glitter to be manufactured. The company currently has machines in place that are able to manufacture 40,000 units, but will incur an additional $300,000 to manufacture anywhere from 40,001-65,000 units. Fixed costs, excluding the $300,000 are $127,360. Direct labor costs are $10 per unit, direct material costs are $15 per unit, and variable overhead costs are $20 per unit. 3) Ignore the ability to manufacture more than 40,000 units for $300,000. Kaskade approaches Louis the Child and wants to lease capacity from Louis the Child for $2 per unit. Kaskade is in direct competition with Louis the Child so Louis the Child expects its selling price to be $85 and demand to be 20,000 units as a result of Kaskade being in the market. Had Kaskade never entered the market, Louis the Child anticipated it could sell 30,000 units at $75 per unit. If Louis the Child rejects Kaskade’s offer, Kaskade will use another machine elsewhere. Assume Louis the Child does not desire to have any units in ending inventory at the end of the period. What should Louis the Child do with Kaskade’s offer?

Louis the Child manufactures Gold Body Glitter. For 2018, Louis the Child has budgeted 32,000 units of glitter to be manufactured. The company currently has machines in place that are able to manufacture 40,000 units, but will incur an additional $300,000 to manufacture anywhere from 40,001-65,000 units. Fixed costs, excluding the $300,000 are $127,360. Direct labor costs are $10 per unit, direct material costs are $15 per unit, and variable overhead costs are $20 per unit. 2) The marketing manager supplies the following information on demand levels at different prices: Selling price  per unit Demand in units 60 64,000 65 60,000 70 45,000 75 30,000 80 25,000 What selling price should the company charge in order to maximize operating income?

WQ7 Part 2 2. Step-down method (allocate Quality Assurance first). (2 points) The total support department costs allocated to consumer sales is (2 points) The total support department costs allocated to corporate sales is Note: Do not round any intermediary calculations; round your final answer to the nearest dollar (e.g., round $17.9 to $18). Only enter numeric values (do not enter dollar signs, commas, or letters).

  2) Using the stand-alone revenue-allocation method based on the cost of each book, what amount of revenue will be allocated to A Storm of Swords in the second package?