CISB584 Costing Calculation
Exercise 1 Q1. If the cost of manufacturing NRG-A bars is $0.72 per bar, how much does FS need to charge to make a profit of $0.25? Q2. If the cost of Fitter Snacker to make individual bar is $0.72, how much does it cost to make a bundle of bars? There are 24 bars in a box and 12 boxes in a bundle.
Exercise 2 COGM (cost of goods manufactured) vs COGS (cost of goods sold) Calculate the new COGM & COGS for NRG-B if; • Protein powder (lb.) $4.40, 5 • Hazelnuts (lb.) $1.64, 50 • Dates (lb.) $3.55, 50 *NRG-B has no vit./min. powder, carob chips & raisins.
Exercise 3 Assume Fitter Snacker's existing information systems are in place. FS has a customer called First State TastyBars. Here is the background data on FS and First State TastyBars: 1. Given the state of FS's systems, will credit be granted or denied on the current order (purchase order FST 1003)? An order came in from First State TastyBars: There are some documents in FS's system as follows: 2. What is the actual First State TastyBars accounts receivable balance (without considering the current order)? 3. If the FS systems processed transaction data in a more timely way would credit be granted or denied? Why?