How much is the cost for one widget

Reference no: EM131894973

Problem

Kentucky, Inc. purchases and sells widgets. The following information summarizes the company's operating activities for the year:

Selling and Administrative Expenses $5,400
Purchases 156,000
Sales Revenue 783,000
Merchandise? Inventory, January 1 2,500
Merchandise? Inventory, December 31 38,200

If the company sold 7,100 units of widgets during the year, how much is the cost for one widget?

Reference no: EM131894973

Questions Cloud

Prepare a sales budget and a production budget for kessler : Kessler Company manufactures drinking glasses. Prepare a sales budget and a production budget for Kessler for April, May, June.

What is the compounded annual rate implied : You can borrow $260 today and repay $325 in two weeks. What is the compounded annual rate implied by this 25 percent rate charged for only two weeks?

Determine the timing and quantities for orders for tops : Develop a master schedule for this revised plan. Determine the timing and quantities for orders for tops and bases.

What is goal of payless shoesource social media presence : What is Payless shoesource approach and values associated with social media?

How much is the cost for one widget : Kentucky, Inc. purchases and sells widgets. If the company sold 7,100 units of widgets during the year, how much is the cost for one widget?

What is the economic order quantity for the material : The cost to place an order is $40. Annual demand is 3,000 pounds. Holding (or carrying cost) is 25% of the material price.

What advice do you give the boughs : Ken and Mary Jane Blough, your neighbors, have asked you for advice after receiving correspondence in the mail from the IRS. What advice do you give the Boughs?

Create a pareto chart with the given information : During the past month, a customer satisfaction survey was given to 200 customers at a local fast-food restaurant.

What is friedmans net pay : Assuming the social security rate is 6% and Medicare is 1.5% of all earnings, what is Friedman's net pay? If required, round your answer to the nearest cent.

User Account

All Pages