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In: AccountingPlease solve Problem 3-11 from your textbook(Introduction to Managerial Accounting; Fifth Canadian Edition, byBrewer,...Please solve Problem 3-11 from your textbook(Introduction to Managerial Accounting; Fifth Canadian Edition, byBrewer, Garrison, Noreen, Kalagnanam, and Vaidyanathan) consideringthe following new information and requirements:The company received a request for a 300-Kgorder of potassium aspartate.The customer offers to pay $12.50per Kg forthis order.The company usually adds a 30%markup for thistype of orders.Material requirementsMaterialRequired Quantity (per Kg)Price ($) per KgAspartic Acid190.005.75Citric Acid10.002.00K2CO3120.004.50Rice30.00.50The company pays its production workers an average of$20.00per hour plus $5.00per houradditional labour costs.Expected direct labour time was 16 hours.The company also estimated the following:Materials related overhead$585,000Labour related overhead$1,950,000Direct material costs$1,850,000Direct labour cost$1,250,000Prepare a job cost sheet for the proposed job. Ignorethe job completion status area. (9 points)What is the gross margin expressed in %, if the customer agreesto pay a price of cost plus 25%? (1 point). Please show all yourcalculations. (1 point)What is the total gross margin per total order (expressed indollar amount) (1 point). Please clearly show all you calculations.(1 point)What is the gross margin per unit (per Kg) (expressed in dollaramount). (1 point) Please clearly show all yourcalculations. (1 point)Assume that the actual production level was only 280 Kg despiteusing the expected quantity of materials andlabour. What is the gross margin of this order:percentage-wise (1 point), total gross margin per order (dollaramount)(1 point), gross margin per unit (per Kg)(dollar amount)(1point). Please clearly show all you calculations. (1 point)Solution b:Total expected cost of order = $3,218.76Solution c:Unit (per Kg) cost of this order = $3,218.76 / 300 = $10.73 perkgSolution d:Required selling price considering 30% markup = $10.73 + 30% of$10.73 = $13.95 per KgPrice offered by customer = $12.50 per KgAs price offered by customer is lesser than minimum requiredprice therefore company should not accept price offered bycustomer.Solution e:If customer agree to pay cost + 25% thenLet cost = $100Selling price = $125Gross margin = $125 - $100 = $25Gross margin percentage = $25 / $125 = 20%The solutions are to help complete the following questionsaboveAnd please solve the questions based on the 30% mark up.
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