How to calculate the total due

Assignment Help Cost Accounting
Reference no: EM132583547

A cheese company sells three different types of brick cheese. Sharp cheddar costs $4.79 per pound, mild cheddar costs $3.99 per pound, and pepper jack costs $4.35 per pound. They do not charge shipping for orders over 500 pounds.

A specialty food market placed an order for 700 pounds of sharp cheddar, 500 pounds of mild cheddar, and 350 pounds of pepper jack. The invoice was dated August 3, 2007, and the shipment arrived August 5, 2007, marked "1/10, n/30. 2% per month surcharge for late payment."

Question a. Calculate the total due, assuming payment is made on August 10, 2007.

Question b. Calculate the total due, assuming payment is made on August 29, 2007.

Reference no: EM132583547

Questions Cloud

What is the wavelength of light emitted by this laser : 1.White light (ranging in wavelengths from 380 to 750 nm) is incident on a metal with work function Wo = 2.6 eV.
Determine what a standard cost is : Determine What A standard cost is?the historical cost of producing a product last year. a cost which is paid for a group of similar products.
Buoyant force exerted by the water on the sphere : A light string is attached to the sphere and a scale. The sphere has a volume of .785 m^3 and the scale reads 83 kg.
What was the original speed of the clay : The clay sticks to the wood on impact, and their joint velocity afterward is 1.3 m/s. What was the original speed of the clay (in m/s)?
How to calculate the total due : Calculate the total due, assuming payment is made on August 29, 2007. Calculate the total due, assuming payment is made on August 10, 2007.
Compute the force needed to accelerate : Using the alternate form of Newton's second law, compute the force (in N) needed to accelerate a 1,250 kg car from 0 to 26 m/s in 18 s.
What is the speed of water in the laundry room : What is the speed of water in the laundry room on the first floor which is 3.5m below with a pressure of 1.7*10^6 Pa?
What is the grocer markup based on cost for the product : What is the grocer's markup based on cost for this product? A grocery store chain receives a 7.5% trade discount from Ejner's Authentic Amish Salsa Company.
Find the magnitude and direction of the net force : A man pushing a crate of mass m = 92.0 kg at a speed of v = 0.865 m/s encounters a rough horizontal surface of length l = 0.65 m as in the figure below.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd