Homework Help is Here – Start Your Trial Now!
Business
Accounting
Quiz #2 practice 8 Saved Help Save & Exit Submit Check my work 10 points eBook Print 이 References Located in a small town in upstate New York, Terry's Bakery operates a facility that makes pies for retail sale. The facility has the capacity to make 36,000 pies annually. The plant has only two customers, Panama Food Mart and East Street Coffee. Annual orders for Panama total 18,000 pies, and annual orders for East Street total 9,000 pies. Terry's makes the pies fresh every day and carries no inventory. It also ensure that the customers only sell freshly made pies as well. Variable manufacturing costs are $4.20 per pie, and annual fixed manufacturing costs are $97,200. The pie business in this town has two seasons, summer and winter. Each season lasts exactly six months. Panama Food Mart orders 9,000 pies in the summer and 9,000 pies in the winter. East Street Coffee is closed in the winter and orders all 9,000 pies in the summer. The owner of Terry's Bakery now believes that there are really three seasons instead of two, the third being the fall and spring (as a combined season). Each of the three seasons lasts exactly four months. They also know that East Street Coffee opens in mid-spring and closes in mid-fall. The manager at Terry's checks the order patterns and sees the following demand (in pies) in each of the three seasons: Panama Food Mart East Street Coffee Total Required: Fall and Winter Spring Summer 6,000 6,000 Total 6,000 18,000 0 3,000 6,000 9,000 6,000 9,000 12,000 27,000 Design the cost system for Terry's Bakery showing the capacity costs and capacity in each season. Note: Round "Rate" and "Variable cost" to 2 decimal places. Capacity Costs Total Unused Used Charge for unused Total capacity costs Production (pies) Rate Variable cost Total cost Winter Fall/Spring Summer

Quiz #2 practice 8 Saved Help Save & Exit Submit Check my work 10 points eBook Print 이 References Located in a small town in upstate New York, Terry's Bakery operates a facility that makes pies for retail sale. The facility has the capacity to make 36,000 pies annually. The plant has only two customers, Panama Food Mart and East Street Coffee. Annual orders for Panama total 18,000 pies, and annual orders for East Street total 9,000 pies. Terry's makes the pies fresh every day and carries no inventory. It also ensure that the customers only sell freshly made pies as well. Variable manufacturing costs are $4.20 per pie, and annual fixed manufacturing costs are $97,200. The pie business in this town has two seasons, summer and winter. Each season lasts exactly six months. Panama Food Mart orders 9,000 pies in the summer and 9,000 pies in the winter. East Street Coffee is closed in the winter and orders all 9,000 pies in the summer. The owner of Terry's Bakery now believes that there are really three seasons instead of two, the third being the fall and spring (as a combined season). Each of the three seasons lasts exactly four months. They also know that East Street Coffee opens in mid-spring and closes in mid-fall. The manager at Terry's checks the order patterns and sees the following demand (in pies) in each of the three seasons: Panama Food Mart East Street Coffee Total Required: Fall and Winter Spring Summer 6,000 6,000 Total 6,000 18,000 0 3,000 6,000 9,000 6,000 9,000 12,000 27,000 Design the cost system for Terry's Bakery showing the capacity costs and capacity in each season. Note: Round "Rate" and "Variable cost" to 2 decimal places. Capacity Costs Total Unused Used Charge for unused Total capacity costs Production (pies) Rate Variable cost Total cost Winter Fall/Spring Summer

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

pls help asap ******

Quiz #2 practice 8 Saved Help Save & Exit Submit Check my work 10 points eBook Print 이 References Located in a small town in upstate New York, Terry's Bakery operates a facility that makes pies for retail sale. The facility has the capacity to make 36,000 pies annually. The plant has only two customers, Panama Food Mart and East Street Coffee. Annual orders for Panama total 18,000 pies, and annual orders for East Street total 9,000 pies. Terry's makes the pies fresh every day and carries no inventory. It also ensure that the customers only sell freshly made pies as well. Variable manufacturing costs are $4.20 per pie, and annual fixed manufacturing costs are $97,200. The pie business in this town has two seasons, summer and winter. Each season lasts exactly six months. Panama Food Mart orders 9,000 pies in the summer and 9,000 pies in the winter. East Street Coffee is closed in the winter and orders all 9,000 pies in the summer. The owner of Terry's Bakery now believes that there are really three seasons instead of two, the third being the fall and spring (as a combined season). Each of the three seasons lasts exactly four months. They also know that East Street Coffee opens in mid-spring and closes in mid-fall. The manager at Terry's checks the order patterns and sees the following demand (in pies) in each of the three seasons: Panama Food Mart East Street Coffee Total Required: Fall and Winter Spring Summer 6,000 6,000 Total 6,000 18,000 0 3,000 6,000 9,000 6,000 9,000 12,000 27,000 Design the cost system for Terry's Bakery showing the capacity costs and capacity in each season. Note: Round "Rate" and "Variable cost" to 2 decimal places. Capacity Costs Total Unused Used Charge for unused Total capacity costs Production (pies) Rate Variable cost Total cost Winter Fall/Spring Summer
Transcribed Image Text:Quiz #2 practice 8 Saved Help Save & Exit Submit Check my work 10 points eBook Print 이 References Located in a small town in upstate New York, Terry's Bakery operates a facility that makes pies for retail sale. The facility has the capacity to make 36,000 pies annually. The plant has only two customers, Panama Food Mart and East Street Coffee. Annual orders for Panama total 18,000 pies, and annual orders for East Street total 9,000 pies. Terry's makes the pies fresh every day and carries no inventory. It also ensure that the customers only sell freshly made pies as well. Variable manufacturing costs are $4.20 per pie, and annual fixed manufacturing costs are $97,200. The pie business in this town has two seasons, summer and winter. Each season lasts exactly six months. Panama Food Mart orders 9,000 pies in the summer and 9,000 pies in the winter. East Street Coffee is closed in the winter and orders all 9,000 pies in the summer. The owner of Terry's Bakery now believes that there are really three seasons instead of two, the third being the fall and spring (as a combined season). Each of the three seasons lasts exactly four months. They also know that East Street Coffee opens in mid-spring and closes in mid-fall. The manager at Terry's checks the order patterns and sees the following demand (in pies) in each of the three seasons: Panama Food Mart East Street Coffee Total Required: Fall and Winter Spring Summer 6,000 6,000 Total 6,000 18,000 0 3,000 6,000 9,000 6,000 9,000 12,000 27,000 Design the cost system for Terry's Bakery showing the capacity costs and capacity in each season. Note: Round "Rate" and "Variable cost" to 2 decimal places. Capacity Costs Total Unused Used Charge for unused Total capacity costs Production (pies) Rate Variable cost Total cost Winter Fall/Spring Summer
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS