Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need asap please and thank you!!!!! sore feet ltd.

NEED ASAP PLEASE AND THANK YOU!!!!! Sore Feet Ltd. manufactures only one type of shoe...

60.1K

Verified Solution

Question

Accounting

NEED ASAP PLEASE AND THANK YOU!!!!! Sore Feet Ltd. manufactures only one type of shoe and has two divisions, the Sole Division, and the Assembly Division. The Sole Division manufactures soles for the Assembly Division, which completes the shoe and sells it to retailers. The Sole Division "sells" soles to the Assembly Division. The market price for the Assembly Division to purchase a pair of soles is $60. (Ignore changes in inventory.) The per unit fixed costs are based on a production of 50,000 pairs of shoes. Sole's costs per pair of soles are: Direct materials $6 Direct labour $2 Variable overhead $1 Division fixed costs $2 Assembly's costs per completed pair of shoes are: Direct materials $7 Direct labour $4 Variable overhead $2 Division fixed costs $4 If the Assembly Division sells 80,000 pairs of shoes at a price of $55.75 a pair to customers, what is the company's operating income? A. $4,400,000 B. $2,220,000 C. $2,400,000 D. $3,900,000 E. $4,020,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How does GIP and GLP-1 stimulate insulin secretion?

Medical Sciences
Q

Which of the following is a major difference between viruses and living things OA Viruses...

Biology
Q

Directions Use the area and circumference formulas to find the radius or diameter 7 Find...

Geometry
Q

The heights of fully grown trees of a specific species are normally distributed, with a...

Basic Math
Q

Week 10 Hmwk Score 6 22 6 22 answere Question 18 In a survey 21...

Statistics
Q

W y 10 8 6 4 2 9 x 2 4 6 8 10 S...

Calculus
Q

Jim is planning to retire in 5 years. He plans that he would need $200,000...

Accounting
Q

Financial information required in quarterly reports filed with the SEC includes all of the following...

Accounting
Q

$237,300 for June. Factory overhead was budgeted at $328,500 during June. The inventories on June...

Accounting
Q

What factors should an external auditor use to assess the objectivity and competence of internal...

Accounting
Q

NO It average put and normal rate of proti OMR 15 and the capitale value...

Accounting
Q

Beginning balances @ January 1, 2021 Common Stock................$500,000 Additional Paid in Capital in excess of...

Accounting