Homework Answers
Correct answer---------$11,625
Working
| Total Fixed administrative cost | $ 31,000.00 |
| Total units sold | 800 |
| Cost per unit (31000/800) | $ 38.75 |
| Cherry tables sold | 300 |
| Cost allocated (300 x 38.75) | $ 11,625.00 |
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The following information is available for the Downtown Furniture Company which produces two types of tables....
The following information is available for the Rollin' Baby Company which produces two types of strollers,...
The following information is available for the Rollin' Baby Company which produces two types of strollers, standard and deluxe. Standard Deluxe Total Sales volume (units) 4,000 3,500 7,500 Revenue $96,000 $147,000 $243,000 Variable Costs Direct materials 12,000 17,500 29,500 Direct labor 16,000 24,000 40,000 Marketing & Sales 20,000 28,500 48,500 Contribution Margin $48,000 $77,000 $125,000 Fixed Costs Manufacturing $24,000 Marketing & Sales $18,000 Administration $ 16,000 Profit Before Tax $67,000 If the company allocates their fixed costs based on direct...
ACNT-2309: Master Budgeting - Class Project: • Premium Furniture sells two models of granite-top coffee tables:...
ACNT-2309: Master Budgeting - Class Project: • Premium Furniture sells two models of granite-top coffee tables: Casual and Deluxe. Assume that FIFO is used for costing inventory There are two types of direct materials: red oak (RO) and granite slabs (GS). Direct material costs are variable with respect to units of output-coffee tables. Direct manufacturing labor workers are hired on an hourly basis; no overtime is worked There are two cost drivers for manufacturing overhead costs-direct manufacturing labor-hours and setup...
Oak Mart, a producer of solid oak tables, reports the following data from its second year...
Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit $ 320 per unit Units produced this year 100,000 units Units sold this year 103,500 units Units in beginning-year inventory 3,500 units Beginning inventory costs Variable (3,500 units × $135) $ 472,500 Fixed (3,500 units × $75) 262,500 Total $ 735,000 Manufacturing costs this year Direct materials $ 48 per unit Direct labor $ 62 per unit Overhead...
Required information [The following information applies to the questions displayed below) Oak Mart, a producer of...
Required information [The following information applies to the questions displayed below) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 6 330 per unit 100,000 units 103,500 units 3,500 units Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,500 units * $140) Fixed (3, 500 units x $70) Total Manufacturing costs this year Direct materials Direct labor Overhead costs...
Required information The following information applies to the questions displayed below) Oak Mart, a producer of...
Required information The following information applies to the questions displayed below) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business $ 310 per unit 110,000 units 114,000 units 4,000 units $ 520,000 200,00 $800,000 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4,000 units * $130) Fixed (4,000 units X $70) Total Manufacturing costs this year Direct materials Direct...
Oak Mart, a producer of solid oak tables, reports the following data from its second year...
Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit $ 330 per unit Units produced this year 115,000 units Units sold this year 119,000 units Units in beginning-year inventory 4,000 units Beginning inventory costs Variable (4,000 units × $135) $ 540,000 Fixed (4,000 units × $75) 300,000 Total $ 840,000 Manufacturing costs this year Direct materials $ 48 per unit Direct labor $ 62 per unit Overhead...
Oak Mart, a producer of solid oak tables, reports the following data from its second year...
Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit $ 330 per unit Units produced this year 115,000 units Units sold this year 119,000 units Units in beginning-year inventory 4,000 units Beginning inventory costs Variable (4,000 units × $135) $ 540,000 Fixed (4,000 units × $70) 280,000 Total $ 820,000 Manufacturing costs this year Direct materials $ 42 per unit Direct labor $ 66 per unit Overhead...
Oak Mart, a producer of solid oak tables, reports the following data from its second year...
Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit $ 310 per unit Units produced this year 105,000 units Units sold this year 108,250 units Units in beginning-year inventory 3,250 units Beginning inventory costs Variable (3,250 units × $135) $ 438,750 Fixed (3,250 units × $75) 243,750 Total $ 682,500 Manufacturing costs this year Direct materials $ 44 per unit Direct labor $ 70 per unit Overhead...
Required information [The following information applies to the questions displayed below Oak Mart, a producer of...
Required information [The following information applies to the questions displayed below Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,250 units x $140) Fixed (3,250 units x $8e) $ 310 per unit 110,000 units 113,250 units 3,250 units $ 455,000 260,000 $ 715,000 Total Manufacturing costs this year Direct materials...
Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales...
Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit $ 330 per unit Units produced this year 115,000 units Units sold this year 119,000 units Units in beginning-year inventory 4,000 units Beginning inventory costs Variable (4,000 units × $135) $ 540,000 Fixed (4,000 units × $70) 280,000 Total $ 820,000 Manufacturing costs this year Direct materials $ 42 per unit Direct labor $ 66 per unit Overhead...
The following information is available for the Rollin' Baby Company which produces two types of strollers, standard and deluxe. Standard Deluxe Total Sales volume (units) 4,000 3,500 7,500 Revenue $96,000 $147,000 $243,000 Variable Costs Direct materials 12,000 17,500 29,500 Direct labor 16,000 24,000 40,000 Marketing & Sales 20,000 28,500 48,500 Contribution Margin $48,000 $77,000 $125,000 Fixed Costs Manufacturing $24,000 Marketing & Sales $18,000 Administration $ 16,000 Profit Before Tax $67,000 If the company allocates their fixed costs based on direct...
ACNT-2309: Master Budgeting - Class Project: • Premium Furniture sells two models of granite-top coffee tables: Casual and Deluxe. Assume that FIFO is used for costing inventory There are two types of direct materials: red oak (RO) and granite slabs (GS). Direct material costs are variable with respect to units of output-coffee tables. Direct manufacturing labor workers are hired on an hourly basis; no overtime is worked There are two cost drivers for manufacturing overhead costs-direct manufacturing labor-hours and setup...
Required information [The following information applies to the questions displayed below) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. 6 330 per unit 100,000 units 103,500 units 3,500 units Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,500 units * $140) Fixed (3, 500 units x $70) Total Manufacturing costs this year Direct materials Direct labor Overhead costs...
Required information The following information applies to the questions displayed below) Oak Mart, a producer of solid oak tables, reports the following data from its second year of business $ 310 per unit 110,000 units 114,000 units 4,000 units $ 520,000 200,00 $800,000 Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (4,000 units * $130) Fixed (4,000 units X $70) Total Manufacturing costs this year Direct materials Direct...
Required information [The following information applies to the questions displayed below Oak Mart, a producer of solid oak tables, reports the following data from its second year of business. Sales price per unit Units produced this year Units sold this year Units in beginning-year inventory Beginning inventory costs Variable (3,250 units x $140) Fixed (3,250 units x $8e) $ 310 per unit 110,000 units 113,250 units 3,250 units $ 455,000 260,000 $ 715,000 Total Manufacturing costs this year Direct materials...
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