Miniature statues of empire state building from cast iron

Assignment Help Financial Accounting

Reference no: EM131293939

New York Liberty Corporation makes miniature statues of the Empire State Building from cast iron. Sales total 50,000 units a year. The statues are finished either rough or polished, with an average demand of 60% rough and 40% polished. Iron ingots, the direct material, costs $6 per pound. Processing costs are $300 to convert 30 pounds into 60 statues. Rough statues are sold for $15 each, and polished statues can be sold for $18 or engraved for an additional cost of $5. Polished statues can then be sold for $30.

Required:

Determine whether New York Liberty Company should sell the engraved statutes. Why?

Reference no: EM131293939

Questions Cloud

Determine the total sales-volume variance : Mike's Electronics manufactures TVs and DVDRs. During April, the following activities occurred: Determine the total sales-mix variance. Determine the total sales-quantity variance. Determine the total sales-volume variance.

Determine the maximum possible hot side exit temperature : Determine the maximum possible hot side exit temperature in a vortex tube using air when the cold side temperature is 0.00°C, the hot side mass flow fraction is 50.0%, the inlet pressure is 0.800 MPa, and both exits are at atmospheric pressure.

Determine heat transfer rate and the entropy production rate : Determine the heat transfer rate and the entropy production rate for the steady state, steady flow of water flowing through a straight horizontal 1.0 in. inside diameter pipe 10.0 ft long at a rate of 5.00 ft3 /min.

Violate any regulatory stipulations : Identify two ways that healthcare organizations perform marketing related data capture that do not violate any regulatory stipulations. Analyze and discuss how these might change in the future and why.

Miniature statues of empire state building from cast iron : New York Liberty Corporation makes miniature statues of the Empire State Building from cast iron. Sales total 50,000 units a year. The statues are finished either rough or polished, with an average demand of 60% rough and 40% polished. Determine whet..

Determine the entropy production rate and heat transfer : Determine the entropy production rate and heat transfer in a newly designed valve with 1.10 kg/s of an incompressible hydraulic oil flowing through it.

Commercial success of cummins to its commitment : Srikanth Padmanabhan credited some of the commercial success of Cummins to its commitment to the values of education, environment, and social justice, even when commitment to these values resulted in lost business opportunities. What are some evid..

Discuss each of the seven steps in the forecasting system : Discuss each of the "Seven Steps in the Forecasting System" (Heizer & Render, 2014, pp. 106-107) specifically as it pertains to: (1) the organization you selected, and (2) the data you selected that would need to be forecasted in order to effectiv..

Describe an organizational change that has failed : Describe an organizational change that has failed. What caused the failure? What would you have done differently to make it successful?

User Account

All Pages