Tamarisk Company uses an activity-based costing system. It has the following manufacturing activity areas, related drivers used as allocation bases, and cost allocation rates. Cost
Activity Cost Driver Allocation Rate
Machine setup Number of setups $50
Material handling Number of parts 0.6
Machining Machine hours 24
Assembly Direct labour hours 20
Inspection Number of finished units 12
During the month, 80 units were produced, requiring 3 setups. Each unit consisted of 20 parts and used 1.7 direct labour hours and 1.25 machine hours. Direct materials cost $120 per finished unit. All other manufacturing costs are classified as conversion costs. ABC costs for research and marketing costs are $160 per unit. All other nonmanufacturing ABC costs are $360 per unit.
Calculate the manufacturing cost per unit for the period.
Calculate the total cost (manufacturing and non-manufacturing costs) per unit for the period.
Suppose Tamarisk Company's managers want to implement target costing. Under target costing, the managers need to determine the amount of cost savings that must be achieved to earn a desired level of profit. If th๑y must set a competitive price of $731.88 and require a 10% profit based on th๑ total cost calculated in the previou part, howmuch cost savings must they g๑nerate?

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?