Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. she would need 50 cutting boards per year and will

She would need 50 cutting boards per year and will pay between $35 and $45...

70.2K

Verified Solution

Question

Accounting

image
She would need 50 cutting boards per year and will pay between $35 and $45 depending on the size of the board (small or medium). He estimates that it will take three hours to make each board; the most laborintensive element is sanding at roughly two hours. He is thinking of an alternative for sanding: - Ask a semi-retired neighbor to do the sanding, using Adam's woodshop, supplies, and sanders, and pay $10 per hour - the same amount the neighbor earns in a current part-time job. How much would it cost to make a small cutting board? How much for a medium one? Use normal costing rather than relevant costing, if different, under all scenarios. For example, Adam does all the sanding or avails of one of the three options outlined in the case. Based on your answer and the price Suzie is willing to pay, what would his profit margin be on each size of cutting board if he does all the work himself, and what does this translate into on an hourly basis

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

Discuss in detail about the advantages/disadvantages of compressors in refrigeration systems. Give practical examples of compressors in...

Mechanical Engineering
Q

How can managers create value by establishing important relationships among the value chain activities; within the...

General Management
Q

1 The Ideal Gas Law is representative of ideal conditions not realistic ones What makes...

Biology
Q

2 What is the 3D figure that is produced when the triangle below is continuously...

Geometry
Q

Use a triple integral to find the volume of the wedge bounded by the parabolic...

Calculus
Q

quarter

Accounting
Q

TRADITIONAL RUTES OF RETURN By: Profteser tohns tive Unirnalty of Nenh Trum 1. GROSS REST...

Accounting
Q

1. The company used the LIFO method for inventory valuation. However, IFRS only permits the...

Accounting
Q

Henderson Company uses the gross profit method to estimate ending inventory and cost of goods...

Accounting
Q

Let's assume you finance your house through Wells-Fargo Bank. Below, please find the Truth-in-Lending Disclosure...

Accounting
Q

Create a cause and effect diagram for the following case: ...

Accounting
Q

Please find the unsanswered column H labeled Direct Revenue

Accounting