Selling price and shipping costs

Assignment Help Financial Accounting

Reference no: EM13920319

The inventory of Royal Decking consisted of five products. Information about the December 31, 2016, inventory is as follows:

	Per Unit

Product	Cost		Selling Price
A	$	150	$	170
B		200		210
C		150		200
D		110		190
E		70		90

Costs to sell consist only of a sales commission equal to 10% of selling price and shipping costs equal to 10% of cost.

Required:

What unit value should Royal Decking use for each

Product	Cost	NRV	Per Unit Inv. Value
A	150
B	200
C	150		150
D	110		110
E	70		70

The inventory of Royal Decking consisted of five products. Information about the December 31, 2016, inventory is as follows:

	Per Unit

Product	Cost		Selling Price
A	$	150	$	170
B		200		210
C		150		200
D		110		190
E		70		90

Costs to sell consist only of a sales commission equal to 10% of selling price and shipping costs equal to 10% of cost.

Required:

What unit value should Royal Decking use for each

Product	Cost	NRV	Per Unit Inv. Value
A	150
B	200
C	150		150
D	110		110
E	70		70

Reference no: EM13920319

Questions Cloud

Creation of database required by the operation of enterprise : This explains that building databases is really an extension of a human activity that has lasted since writing began and it can be applied to the result of any bookkeeping or recording activity that happened long before the arrival of the computer..

Assesses a public policy of choice : Develop a four- to five-page APA-style paper that assesses a public policy of your choice that directly impacts the local government in the area where you reside. You must include the details of the public policy and analyze the effects (positive ..

Marginal benefits and marginal costs : If we are economists we want to look at marginal benefits and marginal costs to help us to see why consumers buy what they buy . When people make decisions they look at the additional cost and benefit of the decision. The cost or benefit of that ..

Assignment-in-depth audience analysis : Locate your ALABAMA Chamber of Commerce's community profile either online or in printed material that describes your local community. Write a three to four (3-4) page paper on the following:

Selling price and shipping costs : The inventory of Royal Decking consisted of five products. Information about the December 31, 2016, inventory Costs to sell consist only of a sales commission equal to 10% of selling price and shipping costs equal to 10% of cost.

Different communication methods : First, choose five (5) different communication methods and identify an advantage and a disadvantage for each one.

Health care has changed a lot in the past ten years : Health care has changed a lot in the past 10 years. For instance, people are living a lot longer on average 10-15 years or more.

Calculate the materials usage mix and yield variances : A company manufactures a chemical, Dynamite, using two compounds Flash and Bang. The standard materials usage and cost of one unit of Dynamite are as follows. Calculate the materials usage, mix and yield variances.

Develop a high-level estimate by guesstimate : Was there life-cycle costing a factor on this project? Kim Cashman kept his cash flow chart a secret. Why did he do so, and what would you have done?

User Account

All Pages