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credit sales

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Question

Fresplanade Co. had the following historical collection pattern for its

credit sales:

75% collected in the month of sale

12% collected in the first month after month of sale

8% collected in the second month after month of sale

3% collected in the third month after month of sale

2% uncollectible

The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below:

July 72,000

August 84,000

Sept 96,000

October 108000

Nov. 120,000

December 102,000

The estimated total cash collections by Fresplanade Co. during November from collection of accounts receivable is:

I need help with the calculation and formula

 
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firm

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Question

 Nerrod Company sells its products at $500 per unit, net 30. The

firm’s gross margin ratio is 40 percent. The firm has estimated the following operating costs:

Activity Cost Driver and Rate

sales calls 400 per visit

order processing 100 per order

deliveries 50 per order + .50 per mile

sales returns 60 per return and 3 restocking per unit returned

Nerrod Company has gathered the following data pertaining to activities it performed for two of its customers:

XBT NINTO

number of orders 10 2

mi,ber parts per order 500 2000

Sale return

Number of returns 4 10

Number of units returned 40 50

Number of sales calls 6 10

Miles per delivery 10 20

shipping terms FOB Factory FOB destination

What is Nerrod’s total sales-sustaining cost applicable to XBT as a customer?

I need step by step help with this problem.

 
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Diamond Cleats Co. manufactures cleats for baseball shoes

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Question

Diamond Cleats Co. manufactures cleats for baseball shoes. It has outlined

the following overhead cost drivers:

Overhead Cost Pool Cost Driver Overhead cost budgeted level for cost

Driver Budgeted

Quality control # of inspections 78,000 1,200

Machine Time machine hours 188,000 800

materials Handline # of batches 1,2000 50

Misc overhead cost Direct labor hours 50,000 5,000

Diamond Cleats Co. has an order for cleats that has the following production requirements:

Number of inspections 375

number of machine hours 220

number of batches 8

direct labor hours 840

Using activity-based costing, applied quality control factory overhead for the baseball cleat order is:

 
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Alpha and Zeta

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Question

Pasternik Company produces and sells two products, . The

following information is available relating to its setup activities:

alpha zeta

units produced 250 20, 000

batch size(units) 10 500

Total Direct labor/hr 1,000 39,000

Cost per set up 2000 2000

Assume the cost per setup remains at $2,000 but that the batch size for product Alpha is changed from 10 to 25 units per batch. Using activity-based and a volume-based overhead costing that uses direct labor-hours to assign overhead, the amount of setup cost applied to each unit of product Alpha would be: 

I need help on step by step to solve this problem

 
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