Homework Answers
particular Amt
contribution income statement:
sales :
1 tier wedding cake : 125*200 = 25000
2 tier wedding cake : 300*350=1,05,000
3 tier wedding cake : 325*400=1,30,000
large sheet cake: 500*125=62,500
medium sheet cake : 600*90=54,000
small sheet cake: 850*65=55,250
total sale value: 4,31,750
less:variable cost:
raw material 79,125
sales men's salary 18,000
supplies 1,500
utilites [electric] 2,600
utiilities[gas] for oven 1750
water 600
contribution margin: [sales-variable cost]
328175
less : fixed cost
Administrative salaries 65,000
michelle and Vishayla's salary 40,000
Repairs and maintenance 2300
NET INCOME : 256875
direct labor cost:(in $)
1 tier wedding cake : 40*10=400
2 tier wedding cake : 55*10=550
3 tier wedding cake : 85*10=850
large sheet cake: 25*10=250
medium sheet cake : 90*10=900
small sheet cake: 65*10=650
Add Answer to:
create an income state and a contribution income
statement
the
direct labor rate is 10 dollars...
caculate the cost per cake the direct labor cost is ten dollars per hour Type of...
caculate the cost per cake
the
direct labor cost is ten dollars per hour
Type of cake Expected Annual Selling Price per cake Raw Ingredient cost per cake Direct Labor Hour per cake sales 1 tier wedding cake 2 tier wedding cake 3 tier wedding cake Large sheet cake Medium sheet cake Small sheet cake 125 300 325 500 600 $200 $350 $400 $125 $90 $65 $40 $55 $85 $25 $15 $10 w 850 1.5 Expense Cost behavior Variable Raw...
please help Requirements: 1) Calculate the cost per cake 2) Create a budgeted Traditional Income Statement...
please help
Requirements: 1) Calculate the cost per cake 2) Create a budgeted Traditional Income Statement and a Contribution Income Statement 3) Calculate the breakeven point in dollars 4) Calculate a target profit in dollars for a profit of $125,000 Task 2 They believe it will cost them $250,000 to purchase the land near Fort Lee and to build a bakery and storefront. Your task is: 1) Calculate Return on Investment if the expected increase in net income, due to...
Requirements 1-4 You have been invited to participate in an accounting competition. Your team will be...
Requirements 1-4
You have been invited to participate in an accounting competition. Your team will be making a presentation to Michelle and Vishayla who are sister's-in-law who have recently opened a bakery specializing in cakes. They realized their love of baking after they married brothers, Josh and Cody. For a few years they created cakes for family and friends. The demand for their cakes had grown to the point where they could no longer use their kitchens as their "bakery."...
managerial accounting The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The...
managerial accounting
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake at...
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made fro...
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake at a time....
GPW Company applies overhead to products using a plant-wide pre-determined rate of $11 per direct labor...
GPW Company applies overhead to products using a plant-wide pre-determined rate of $11 per direct labor hour. During 2026, GPW Company reported the following costs: Time Attem O Min Direct materials purchased Direct labor Factory utilities Depreciation, office equipment Advertising Indirect materials Property taxes, factory building Rent Shipping goods to customers Production supervisor's salary Sales commissions $225,000 185,000 39,000 24,000 73,000 17,000 11,000 45,000 28,000 62,000 54,000 Sixty percent of the rent relates to the factory while forty percent of...
Problem 2 (25 points). The Kankakee Bakery produces three types of cakes: birthday, wedding, and special...
Problem 2 (25 points). The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake...
Kesterson Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing...
Kesterson Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $6.20 $3.10 $1.35 $14,000 $1.50 $0.40 $ 4,500 If 6,000 units are produced, the total amount of direct manufacturing cost incurred is closest to: Multiple Choice 0 $63,900 0 $55,800 0 $64,800 0 $80,700 Corporate legal office salaries $68,000 Shoe Department cost of sales--Brentwood $66,000 Store Corporate...
Managerial accounting, please show work for better understanding. Also having trouble with 3 and 4 The Kankakee Bak...
Managerial accounting, please show work for better
understanding. Also having trouble with 3 and 4
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because...
8) 8) Johansen Corporation uses a predetennined overhead rate based on direct labor-hours to apply manufacturing...
8) 8) Johansen Corporation uses a predetennined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materials Direct labor Rent on factory building Sales salaries Depreciation on factory equipment Indirect labor Production supervisor's salary $ $ $ $ $ $ $ 6,000 20,000 15,000 25,000 8,000 12,000 15,000 Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate...
caculate the cost per cake
the
direct labor cost is ten dollars per hour
Type of cake Expected Annual Selling Price per cake Raw Ingredient cost per cake Direct Labor Hour per cake sales 1 tier wedding cake 2 tier wedding cake 3 tier wedding cake Large sheet cake Medium sheet cake Small sheet cake 125 300 325 500 600 $200 $350 $400 $125 $90 $65 $40 $55 $85 $25 $15 $10 w 850 1.5 Expense Cost behavior Variable Raw...
please help
Requirements: 1) Calculate the cost per cake 2) Create a budgeted Traditional Income Statement and a Contribution Income Statement 3) Calculate the breakeven point in dollars 4) Calculate a target profit in dollars for a profit of $125,000 Task 2 They believe it will cost them $250,000 to purchase the land near Fort Lee and to build a bakery and storefront. Your task is: 1) Calculate Return on Investment if the expected increase in net income, due to...
Requirements 1-4
You have been invited to participate in an accounting competition. Your team will be making a presentation to Michelle and Vishayla who are sister's-in-law who have recently opened a bakery specializing in cakes. They realized their love of baking after they married brothers, Josh and Cody. For a few years they created cakes for family and friends. The demand for their cakes had grown to the point where they could no longer use their kitchens as their "bakery."...
managerial accounting
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake at...
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake at a time....
GPW Company applies overhead to products using a plant-wide pre-determined rate of $11 per direct labor hour. During 2026, GPW Company reported the following costs: Time Attem O Min Direct materials purchased Direct labor Factory utilities Depreciation, office equipment Advertising Indirect materials Property taxes, factory building Rent Shipping goods to customers Production supervisor's salary Sales commissions $225,000 185,000 39,000 24,000 73,000 17,000 11,000 45,000 28,000 62,000 54,000 Sixty percent of the rent relates to the factory while forty percent of...
Problem 2 (25 points). The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake...
Kesterson Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Variable administrative expense Fixed selling and administrative expense Cost Cost per per Period Unit $6.20 $3.10 $1.35 $14,000 $1.50 $0.40 $ 4,500 If 6,000 units are produced, the total amount of direct manufacturing cost incurred is closest to: Multiple Choice 0 $63,900 0 $55,800 0 $64,800 0 $80,700 Corporate legal office salaries $68,000 Shoe Department cost of sales--Brentwood $66,000 Store Corporate...
Managerial accounting, please show work for better
understanding. Also having trouble with 3 and 4
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because...
8) 8) Johansen Corporation uses a predetennined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs for the next year: Direct materials Direct labor Rent on factory building Sales salaries Depreciation on factory equipment Indirect labor Production supervisor's salary $ $ $ $ $ $ $ 6,000 20,000 15,000 25,000 8,000 12,000 15,000 Jameson estimates that 20,000 direct labor-hours will be worked during the year. The predetermined overhead rate...
Most questions answered within 3 hours.
-
9.) You are buying a car that cost $26,500. You make payments of
$412 each month...
asked 1 minute ago -
. Suppose a discrete random variable has probability
distribution
P(x) = .2 if x = 0...
asked 1 hour ago -
Problem #1
The area between Z = 0 and Z = 2.50
The area between Z...
asked 17 minutes ago -
Under the influence of its drive force, a snowmobile is moving
at a constant velocity along...
asked 1 hour ago -
Why do organizations decline? What steps can top
management take to halt, decline, and restore organizational...
asked 1 hour ago -
What mechanisms Drive speciation??
(I.e. what was Dawins theory on the orgin of species, and how...
asked 3 hours ago -
The manager at a car assembly plant believes that the mean
assembly time for a car...
asked 4 hours ago -
Which of the following is true of electron capture?
A) It decreases the nuclide's mass number...
asked 5 hours ago -
Assuming an efficiency of 43.10%, calculate the actual yield of
magnesium nitrate formed from 114.9 g...
asked 6 hours ago -
The highly pathogenic bacterium Clostridium
perfringens causes gangrene, a disease that results in the
destruction of...
asked 7 hours ago -
In the context of situation analysis, which of the following is
a category for analysis in...
asked 7 hours ago -
In a study of the gas phase decomposition of sulfuryl chloride
at 600 K SO2Cl2(g)SO2(g) +...
asked 7 hours ago