Homework Answers
| Items | current situation | after JIT | Change | ||
| sale revenue | 1360000 | 1670000 | 310000 | ||
| less: costs | |||||
| production level support | 190400 | 83500 | -106900 | ||
| variable manufacturing overhead | 408000 | 200400 | -207600 | ||
| Direct material | 435200 | 367400 | -67800 | ||
| Direct manufacturing labor | 285600 | 233800 | -51800 | ||
| Inventory financing cost | 19000 | 3200 | -15800 | ||
| operating profit | 21800 | 781700 | 759900 | ||
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As part of its commitment to quality, the J.J. Borden manufacturing company is proposing to introduce...
As part of its commitment to quality, the J. J. Borden manufacturing company is proposing to...
As part of its commitment to quality, the J. J. Borden manufacturing company is proposing to introduce just-in-time (JIT) production methods. Managers of the company have an intuitive feel regarding the financial benefits associated with a change to JIT, but they would like to have some data to inform their decision making in this regard. You are provided with the following data: Item Existing Situation After Adopting JIT Manufacturing costs as percentage of sales: Product-level support 15 % 4 %...
QUESTION THREE Bolstic company Ind is a medium-sized manufacturing company that plans to expand its production...
QUESTION THREE Bolstic company Ind is a medium-sized manufacturing company that plans to expand its production capacity. The following are the most recent financial statements of the company 2018 GHS'm 5.000 3.100) 1.900 (400) 1.500 GHS m 5.000 (3.000) 2.000 Sales Cost of Sales Gross Profit Administration and Distribution expenses Profit before interest and tax Interest Profit before Tax 1.750 (380) 1,370 (400) 970 (390) SSD (330) 770 (390) Profit after Tax Dividend Profit after taxation transferred to income surplus...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: S114 Selling price Units in beginning inventory 0 Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct Labor Variable manufacturing overhead S3 Variable selling and administrative S4 Fixed costs: fixed manufacturing overhead 98,800 Fixed selling & administrative $57,600 3,800 3,600 200 S38 S22 a. What is the total contribution margin?$ b. What is the...
11. A manufacturing company that produces a single product has provided the following data concerning its most recen...
11. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4,150 Units sold 4,050 Units in ending inventory 100 Variable costs per unit: Direct materials $ 44 Direct labor $ 46 Variable manufacturing overhead $ 9 Variable selling and administrative $ 7 Fixed costs: Fixed manufacturing overhead $ 87,150 Fixed selling and administrative $ 40,500 What is the variable costing unit product...
QUESTION 11 A manufacturing company that produces a single product has provided the following data concerning its most...
QUESTION 11 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price. $112 Units in beginning inventory. Units produced ....... Units sold. Units in ending inventory. 5.500 5,300 200 Variable costs per unit: Direct materials ................................. Direct labor... Variable manufacturing overhead ........ Variable selling and administrative...... $33 $37 $5 $6 Fixed costs: Fixed manufacturing overhead. Fixed selling and administrative........... $71,500 $79,500 What is the net operating income for...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: O 4,500 4,400 100 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ 51 53 16 14 $94,500 $ 44,000 What is the variable cos duct cost for...
Walston Manufacturing Company has provided the following data concerning its raw materials inventories last month: Beginning...
Walston Manufacturing Company has provided the following data concerning its raw materials inventories last month: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory 5 80,000 $420,000 $ 50,000 The cost of the raw materials used in production for the month was: Multiple Choice $500,000 $450,000 Multiple Choice $500,000 $450,000 $390,000 $470.000 Multiple Choice O work in process inventory has decreased during the period. finished goods inventory has increased during the period. total manufacturing costs must be...
Mountain Road Production Company has provided the following financial data for its most recent month. Unit...
Mountain Road Production Company has provided the following financial data for its most recent month. Unit Selling Price $22 Units in beginning inventory 0 Units produced 12,000 Units sold 10,000 Variable costs per unit: Direct materials $6 Direct labor $4 Manufacturing overhead $5 Selling and administrative costs $2 Fixed costs: Manufacturing overhead $12,000 Selling and administrative costs $10,000 Required: a) Calculate the unit product cost under variable costing. b) Calculate the unit product cost under absorption costing. c) Calculate the...
15.. A manufacturing company that produces a single product has provided the following data concerning its...
15.. A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price $ 149 Units in beginning inventory 0 Units produced 2,770 Units sold 2,520 Units in ending inventory 250 Variable costs per unit: Direct materials $ 51 Direct labor $ 20 Variable manufacturing overhead $ 10 Variable selling and administrative expense $ 12 Fixed costs: Fixed manufacturing overhead $96,950 Fixed selling and administrative expense $35,280 The total gross...
A manufacturing company that produces a single product has provided the following data concerning its most...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 110 0 2,400 2,100 300 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 41 $64,800 $ 8,400 The total gross margin for the month under absorption costing...
QUESTION THREE Bolstic company Ind is a medium-sized manufacturing company that plans to expand its production capacity. The following are the most recent financial statements of the company 2018 GHS'm 5.000 3.100) 1.900 (400) 1.500 GHS m 5.000 (3.000) 2.000 Sales Cost of Sales Gross Profit Administration and Distribution expenses Profit before interest and tax Interest Profit before Tax 1.750 (380) 1,370 (400) 970 (390) SSD (330) 770 (390) Profit after Tax Dividend Profit after taxation transferred to income surplus...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: S114 Selling price Units in beginning inventory 0 Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct Labor Variable manufacturing overhead S3 Variable selling and administrative S4 Fixed costs: fixed manufacturing overhead 98,800 Fixed selling & administrative $57,600 3,800 3,600 200 S38 S22 a. What is the total contribution margin?$ b. What is the...
QUESTION 11 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price. $112 Units in beginning inventory. Units produced ....... Units sold. Units in ending inventory. 5.500 5,300 200 Variable costs per unit: Direct materials ................................. Direct labor... Variable manufacturing overhead ........ Variable selling and administrative...... $33 $37 $5 $6 Fixed costs: Fixed manufacturing overhead. Fixed selling and administrative........... $71,500 $79,500 What is the net operating income for...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: O 4,500 4,400 100 Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ $ $ 51 53 16 14 $94,500 $ 44,000 What is the variable cos duct cost for...
Walston Manufacturing Company has provided the following data concerning its raw materials inventories last month: Beginning raw materials inventory Purchases of raw materials Ending raw materials inventory 5 80,000 $420,000 $ 50,000 The cost of the raw materials used in production for the month was: Multiple Choice $500,000 $450,000 Multiple Choice $500,000 $450,000 $390,000 $470.000 Multiple Choice O work in process inventory has decreased during the period. finished goods inventory has increased during the period. total manufacturing costs must be...
Mountain Road Production Company has provided the following financial data for its most recent month. Unit Selling Price $22 Units in beginning inventory 0 Units produced 12,000 Units sold 10,000 Variable costs per unit: Direct materials $6 Direct labor $4 Manufacturing overhead $5 Selling and administrative costs $2 Fixed costs: Manufacturing overhead $12,000 Selling and administrative costs $10,000 Required: a) Calculate the unit product cost under variable costing. b) Calculate the unit product cost under absorption costing. c) Calculate the...
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 110 0 2,400 2,100 300 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense 41 $64,800 $ 8,400 The total gross margin for the month under absorption costing...
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