View Policies Show Attempt History Current Attempt in Progress Kokomo Manufacturing produces snow shovels. The selling price per snow shovel is $31.00. There is no beginning inventory. Costs involved in production are: Direct material Direct labor $6.00 4.00 Variable manufacturing overhead 3.00 Total variable manufacturing costs per unit $13.00 Fixed manufacturing overhead per year $208,000 In addition, the company has fixed selling and administrative costs of $152,700 per year. During the year, Kokomo produces 52,000 snow shovels and sells 46,950 snow shovels.
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- View Policies Current Attempt in Progress Vaughn Manufacturing produces a product that requires 2.60 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.30 pounds and 0.10 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, and employee benefits average $2.40 per hour. Standard production time is 1.50 hour per unit, and the allowance for rest periods and setup is 0.70 hours and 0.10 hours, respectively. The standard direct labor hours per unit is O 1.60 hours. O 2.20 hours. 2.30 hours. O 1.50 hour.Please help with question marks and show work Cookie Business Productions Costs: Direct material $ 0.60 Direct labor $ 1.00 Variable manufacturing overhead $ 0.40 Total variable manufacturing costs per unit $ 2.00 Fixed manufacturing overhead per year $ 139,000.00 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $ 50,000.00 Fixed administrative costs per year $ 65,000.00 Selling price per cookie $ 3.75 Number of cookies produced 2,780,000 Number of cookies sold 2,600,000 Full (absorption) costing : Full cost per unit $ ??? Ending Inventory Full (absorption) costing $ ??? Variable costing : Variable cost per unit $ ??? Ending Inventory Variable costing $ ???Requlred Information The following information applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $225 and $175, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 130,000 units of each product. Its average cost per unit for each product at this level of activity are given below Alpha $ 42 42 Beta $424 Direct materials. Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit $173 607$ The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 8. Assume that Cane normally produces and sells 79,000 Betas and 99,000 Alphas per year. If Cane discontinues the Beta product line, its sales representatives could…
- View Policies Current Attempt in Progress Hartley Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20000 units annually. Planter is a low-volume item totaling only 6000 units per year. Flower requires 1 hour of direct labor for completion, while each unit of Planter requires 2 hours. Therefore, total annual direct labor hours are 32000 (20000+ 12000). Expected arnnual manufacturing overhead costs are $660000. Hartley uses a traditional costing system and assigns overhead based on direct labor hours. Each unit of Planter would be assigned overhead of O need more information to compute. O $25.38. O $20.63. O $41.25.t 0 ences Mc Graw Hill Required information [The following information applies to the questions displayed below.] Diego Company manufactures one product that is sold for $75 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 46,000 units and sold 42,000 units. Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expense Break even point $ 25 $ 20 The company sold 31,000 units in the East region and 11,000 units in the West region. It determined that $200,000 of its fixed selling and administrative expense is traceable to the West region, $150,000 is traceable to the East region, and the remaining $38,000 is a common fixed expense. The company will continue to incur the total amount of its fixed manufacturing…Problem #2 Brother Company sells its products for $66 each. The current production level is 25,000 units. Only 20,000 units are expected to be sold. Units manufacturing costs are: Direct materials Direct manufacturing labor Variable manufacturing costs Total fixed manufacturing costs Marketing expenses $ 12.00 18.00 9.00 180,000.00 $6.00 per unit plus $60,000 per year Required: 1. Compute the ending finished goods inventory under both absorption and variable costing. 2. Compute the cost of goods sold under both absorption and variable costing. 3. Prepare the income statement for both absorption and variable costing.
- Question 1.2 Alejandro Kirk Manufacturing produces two types of entry doors: Deluxe and Standard. The assignment basis for support costs has been direct labour dollars. For 2021, Alejandro Kirk the following data for the two products: Deluxe Standard Sales units 50,000 400,000 Sales price per unit $650.00 $475.00 Direct material and labour costs per unit $180.00 $130.00 Manufacturing support costs per unit $80.00 $120.00 Last year, Alejandro Kirk Manufacturing purchased an expensive robotics system to allow for more decorative door products in the deluxe product line. The CFO suggested that an ABC analysis could be valuable to help evaluate a product mix and promotion strategy for the next sales campaign. She obtained the following ABC information: Activity Cost Driver Cost Total Deluxe Standard Setups # of setups $500,000 500 400 100 Machine related # of machine hours…LITE TUTTOming inuman upplies in the questions display cu cium. O'Brien Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses $ 570,000 $ 110,000 During its first year of operations, O'Brien produced 100,000 units and sold 74,000 units. During its second year of operations, it produced 76,000 units and sold 97,000 units. In its third year, O'Brien produced 81,000 units and sold 76,000 units. The selling price of the company's product is $77 per unit. Case 4-29 Part-2 (Algo) 2. Assume the company uses variable costing and a LIFO inventory flow assumption (LIFO means last-in first-out. In other words, it assumes that the newest units in inventory are sold first): a. Compute the…QUESTION Valencia Manufacturing Company manufactures and sols musical aadgets The business ened Operating Income of $220.p00 in 2018 when sellng picn per unit was $200, and the president of Valencia 1s under pressure to increase operating income in 2018. Data for varjable cost per unit and total fixed costs were as follows Variable expenses per unt Direct Material Direct Labour Variable Manutacturrg Overmead $40 $32 $18=T0 Faed expenses: Fled Manufacturing Overhead Fired Seling Costs Fixed Administrative Costs $190 000 $115,000 $135.000440 CD Required: (a) Using the equation method, calulate the number ef units sold in 2018. Given the sales units calculated in Part (a), prepare a contribution margin income statement for the year ended December 31, 2018. detaling the composition of total fed costs and clearty showing contribution and net income (ef Calculate Valencia's break-even paint in units and in sales dellars (d) Calculate the marain of safety in units and in sales dollars The…
- Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: transcript Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead $ 300,000 Using absorption costing, what is the cost of the company's ending inventory? Multiple Choice $141000 $28,000 $63.000 Per Unit $ 200 $75 $ 50 $8 $8 $133,000 Per YearRelevant-cost approach to short-run pricing decisionsAlexon SL is an electronics business with eight product lines. Profit data for one of the products (XT-107) for themonth just ended (June 2018) are as follows:Sales, 200 000 units at average price of €100Variable costsDirect materials at €35 per unitDirect manufacturing labor at €10 per unit€7 000 0002 000 000€20 000 000Variable manufacturing overhead at €5 per unit 1 000 000Sales commissions at 15% of sales 3 000 000Other variable costs at €5 per unitTotal variable costs 1 000 000 14 000 000Contribution margin 6 000 000Fixed costsOperating profit5 000 000€1 000 000Xuclà Mecàniques Fluvià SA, an instruments company, has a problem with its preferred supplierof XT-107 component products. This supplier has had a three-week strike and will not be able tosupply Xuclà 3000 units next month. Xuclà approaches the sales representative of Alexon SL,Angela Zamora, about providing 3000 units of XT-107 at a price of €80 per unit. Zamorainforms…LL Requlred Information The following information applies to the questions displayed below] Cane Company manufactures two products called Alpha and Beta that sell for $225 and $175, respectively. Each product uses only one type of raw material that costs $6 per pound. The company has the capacity to annually produce 130,000 units of each product Its average cost per unit for each product at this level of activity are given below. Alpha $42 Beta $ 24 32 24 Direct materials Direct labor Variable manufacturing overhead Traceable Fixed manufacturing overhead Variable selling expenses Common fixed expenses 42. 26. 34 31. 34. 27. Total cost per unit $173 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 2 What is the company's total amount of common fixed expenses? Total common fixed expenses. ( Prev of 15 2 3 4 Next e to search TPL F4 F5