Homework Answers
Calculation of cost per cake:
direct Labor cost = $265(4*10+6*10+8*10+4*10+3*10+1.5*10)
(+) variable cost
Raw material = $79125
salesman's salary = $18000
supplies = $1500
utilities(electric) =$2210(2600*85/100)
utilities (gas) =$ 1750
Water = $ 600
(+) Fixed cost
wages & salaries = $129.75
Administrative salary =$65
Michella salary =$40
Repairs & Maintenance =$ 2300
Rent expense =$9600(12000*80/100)
Telephone & Internet = $ 1200
Total cost = $116784.75
Total sales = $ 431750
Therefore, cost per unit = $ 43.25(116784.75/2700).
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caculate the cost per cake
the
direct labor cost is ten dollars per hour
Type of...
create an income state and a contribution income statement the direct labor rate is 10 dollars...
create an income state and a contribution income
statement
the
direct labor rate is 10 dollars per hour
the
direct labor rate is 10 dollars per hour
Type of cake Expected Annual sales Raw Selling Price Ingredient per cake cost per cake Direct Labor Hour per cake 4 6 8 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 $200 $350 $400 $125 $40...
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."...
$ 13.01 2.24 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.)...
$ 13.01 2.24 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 1.13 0.12 $3,332.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: (Round your answer to the nearest whole number.) a. Sales price increases by $1.30 per cake. Break-Even Point cakes b. Fixed costs increase by $520 per month. Break-Even Point cakes c. Variable costs decrease by $0.41 per cake. Break-Even Point cakes d. Sales...
Cove's Cakes is a local bakery. Price and cost information follows: $ 14.61 Price per cake...
Cove's Cakes is a local bakery. Price and cost information follows: $ 14.61 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.32 1.02 0.28 $3,297.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.70 per cake. b. Fixed costs increase by $515 per month. c. Variable costs decrease by $0.32 per cake. d. Sales price decreases by $0.70 per cake....
The roofing company manufactures shingles. Standard Cost Sheet per shingle 1.5 pounds $0.07 per pound direct labor Direct materials Asphalt 0.01 hour $11 per hour Direct labor Variable direct la...
The roofing company manufactures shingles. Standard Cost Sheet per shingle 1.5 pounds $0.07 per pound direct labor Direct materials Asphalt 0.01 hour $11 per hour Direct labor Variable direct labor Manufacturing $2 per hour 0.01 hour overhead Fixed direct labor Manufacturing 0.01 hour $10 per hour overhead Total standard cost per shingle $60,000 600,000 Units 6000 direct labor hours Budgeted fixed manufacturing overhead for the period is Budgeted units to be produced Standard fixed manufacturing overhead based on expected capacity...
Schuman Corporation produces microwave units. The following per-unit cost information is available: direct materials $37; direct...
Schuman Corporation produces microwave units. The following
per-unit cost information is available: direct materials $37;
direct labour $25; variable manufacturing overhead $17; fixed
manufacturing overhead $41; variable selling and administrative
expenses $12; and fixed selling and administrative expenses $29.
Its desired ROI per unit is $31.92. Calculate the markup percentage
using variable-cost pricing. (Round answer to 2 decimal
places, e.g. 15.25%.)
Markup percentage
%
adong Remanufacturing rebuilds spot welders for manufacturers.
The following budgeted cost data for 2020 are available...
Direct materials-1 pound plastic at $6.00per pound Direct labor-2.0 hours at $12.20 per hour Vari...
Direct materials-1 pound plastic at $6.00per pound Direct labor-2.0 hours at $12.20 per hour Variable manufacturing owerhead Fixed manufacturing overhead Total standard cost per unit $6.00 2440 15.00 13.00 $58.40 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($28.00 2.0 Itwas computed from a master manufacturing overhead budget based on normal production of 10,000 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $75,000$7.50 per hour) and total foxed overhead...
Bemmitt’s direct material cost is $3 per unit. The direct labor rate is $16 per hour...
Bemmitt’s direct material cost is $3 per unit. The direct labor rate is $16 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $3 per unit and total budgeted fixed overhead is $6,000. A sales commission of $4 is paid on each unit. If Bemmitt expects to produce 2,270 units and sell 1,380 units, what is the total budgeted cost of goods sold ? Round your answer to the nearest dollar.
Bemmitt’s direct material cost is $3 per unit. The direct labor rate is $16 per hour...
Bemmitt’s direct material cost is $3 per unit. The direct labor rate is $16 per hour and each units takes 1/4 hour to produce. Variable manufacturing overhead is $2 per unit and total budgeted fixed overhead is $7,400. A sales commission of $5 is paid on each unit. If Bemmitt expects to produce 3,210 units and sell 1,330 units, what is the total budgeted cost of goods sold ? Round your answer to the nearest dollar.
create an income state and a contribution income
statement
the
direct labor rate is 10 dollars per hour
the
direct labor rate is 10 dollars per hour
Type of cake Expected Annual sales Raw Selling Price Ingredient per cake cost per cake Direct Labor Hour per cake 4 6 8 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 $200 $350 $400 $125 $40...
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."...
$ 13.01 2.24 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 1.13 0.12 $3,332.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: (Round your answer to the nearest whole number.) a. Sales price increases by $1.30 per cake. Break-Even Point cakes b. Fixed costs increase by $520 per month. Break-Even Point cakes c. Variable costs decrease by $0.41 per cake. Break-Even Point cakes d. Sales...
Cove's Cakes is a local bakery. Price and cost information follows: $ 14.61 Price per cake Variable cost per cake Ingredients Direct labor Overhead (box, etc.) Fixed cost per month 2.32 1.02 0.28 $3,297.00 Required: 1. Calculate Cove's new break-even point under each of the following independent scenarios: a. Sales price increases by $1.70 per cake. b. Fixed costs increase by $515 per month. c. Variable costs decrease by $0.32 per cake. d. Sales price decreases by $0.70 per cake....
The roofing company manufactures shingles. Standard Cost Sheet per shingle 1.5 pounds $0.07 per pound direct labor Direct materials Asphalt 0.01 hour $11 per hour Direct labor Variable direct labor Manufacturing $2 per hour 0.01 hour overhead Fixed direct labor Manufacturing 0.01 hour $10 per hour overhead Total standard cost per shingle $60,000 600,000 Units 6000 direct labor hours Budgeted fixed manufacturing overhead for the period is Budgeted units to be produced Standard fixed manufacturing overhead based on expected capacity...
Schuman Corporation produces microwave units. The following
per-unit cost information is available: direct materials $37;
direct labour $25; variable manufacturing overhead $17; fixed
manufacturing overhead $41; variable selling and administrative
expenses $12; and fixed selling and administrative expenses $29.
Its desired ROI per unit is $31.92. Calculate the markup percentage
using variable-cost pricing. (Round answer to 2 decimal
places, e.g. 15.25%.)
Markup percentage
%
adong Remanufacturing rebuilds spot welders for manufacturers.
The following budgeted cost data for 2020 are available...
Direct materials-1 pound plastic at $6.00per pound Direct labor-2.0 hours at $12.20 per hour Variable manufacturing owerhead Fixed manufacturing overhead Total standard cost per unit $6.00 2440 15.00 13.00 $58.40 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($28.00 2.0 Itwas computed from a master manufacturing overhead budget based on normal production of 10,000 direct labor hours (5,000 units) for the month. The master budget showed total variable costs of $75,000$7.50 per hour) and total foxed overhead...
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