Homework Answers
Correct answer----------$24,800/$42,200
Working
| Standard | Deluxe | |
| Contribution margin | $ 48,000.00 | $ 77,000.00 |
| Fixed cost allocated | $ 23,200.00* | $ 34,800.00** |
| Profit before tax | $ 24,800.00 | $ 42,200.00 |
*58000/40000 x 16000
**58000/40000 x 24000
Add Answer to:
The following information is available for the Rollin' Baby Company which produces two types of strollers,...
Multiple Choice, Question 29 The following information is available for the Rollin' Baby Company which produces...
Multiple Choice, Question 29 The following information is available for the Rollin' Baby Company which produces two types of strollers, standard and deluxe Deluxe Total 3,500 $147,000 Standard Sales volume (units) 4,000 7,500 $243,000 Revenue $96,000 Variable Costs 12,000 16,000 20,000 $48,000 Direct materials 17,500 29,500 24,000 40,000 28,500 48,500 $77,000 Direct labor Marketing & Sales Contribution Margin $125,000 Fixed Costs $24,000 $18,000 $16,000 Manufacturing Marketing & Sales Administration $67,000 Profit Before Tax If the company allocates their fixed costs...
Multiple Choice, Question 40 The following information is available for the Rollin' Baby Company which produces...
Multiple Choice, Question 40 The following information is available for the Rollin' Baby Company which produces two types of strollers, standard and deluxe. Standard 4,000 $96,000 Deluxe 3,500 $147,000 Total 7,500 $243,000 Sales volume (units) Revenue Variable Costs Direct materials Direct labor Marketing & Sales Contribution Margin Fixed Costs Manufacturing Marketing & Sales Administration Profit Before Tax 12,000 16,000 20,000 $48,000 17,500 29,500 24,000 40,000 28,500 48,500 $77,000 $125,000 $24,000 $18,000 $16,000 $67,000 If the company shifts its product mix...
The following information is available for the Downtown Furniture Company which produces two types of tables....
The following information is available for the Downtown Furniture Company which produces two types of tables. Oak 500 $80,000 Cherry 300 $78,000 Total 800 $ 158,000 Sales volume (units) Revenue Variable Costs Direct materials Direct labor Contribution Margin Fixed Costs Manufacturing Administrative Profit Before Tax $5,000 $7,000 $12,000 $17,000 $22,000 $39,000 $58,000 $49,000 $107,000 $25,500 $31,000 $50,500 Management feels that the fixed manufacturing costs should be allocated based on direct labor costs and fixed administrative costs should be allocated based...
Easter Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For...
Easter Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2019, Easter's managers have decided to use the same indirect manufacturing costs per wheel rim that they computed in 2018 using activity-based costing. (Click the icon to view the 2018 indirect manufacturing costs per wheel rim.) In addition to the unit indirect manufacturing costs, the following data a expected for the company's standard and deluxe models for 2019: (Click the icon to view the...
Elton Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For...
Elton Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2019, Elton's managers have decided to use the same indirect manufacturing costs per wheel rim that they computed in 2018 using activity-based costing. (Click the lcon to view the 2018 indirect manufacturing costs per wheel rim.) In addition to the unit indirect manufacturing costs, the following data are expected for the company's standard and deluxe models for 2019 (Cick the icon to view the...
Come-On-In Manufacturing produces two types of entry doors: Deluxe and Standard. The assignment basis for support...
Come-On-In Manufacturing produces two types of entry doors: Deluxe and Standard. The assignment basis for support costs has been direct labor dollars. For 2010, Come-On-In compiled 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 labor costs per unit $180.00 $130.00 Manufacturing support costs per unit $ 80.00 $120.00 Last year, Come-On-In Manufacturing purchased an expensive robotics system to allow for more decorative door products in the deluxe product line. The CFO suggested that an ABC...
NSU Manufacturing, Inc. produces textbooks and is preparing budgets for next year. The following information relates to...
NSU Manufacturing, Inc. produces textbooks and is preparing budgets for next year. The following information relates to next year’s activities: Expected sales for next year are 195,000 textbooks at an estimated production cost of $32.00 per textbook and an estimated selling price of $40.00 per textbook. Beginning inventories: Raw materials: Paper 25,000 yards @ $2.99 per yard Plastic 8,000 pounds @ $5.49 per pound Work-in-process 928 textbooks @ $28.93 per textbook Finished goods 2,500 textbooks @ $32.00 per textbook Desired...
Austin Enterprises makes and sells two types of phones. Management is trying to determine the most...
Austin Enterprises makes and sells two types of phones. Management is trying to determine the most profitable mix. Sales prices, demand and use of manufacturing inputs follows: Sales Price: Standard Premium $400 $540 Input requirements per unit: Direct Material $20 $40 Direct labor (hours) 1.2 2.0 Machine Hours 1.5 1.0 Costs: Variable Costs Direct Labor (cost per hour) 25 Factory Overhead(per MH) 3 Marketing (percent of sales price) 10% Fixed Costs: Manufacturing $230,000 Marketing 80,000 Administration 120,000 The company faces...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a...
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 47,000 $ 43,000 Work in process 9,000 19,200 Finished goods 68,000 34,800 Activities and information for May Raw materials purchases (paid with cash) 175,000 Factory payroll (paid with cash) 150,000 Factory overhead Indirect materials 16,000 Indirect labor 34,500 Other overhead costs 90,000 Sales (received in cash) 1,100,000 Predetermined overhead rate based on...
The following monthly segmented income statement is for Condiment Company, which has three separate product lines...
The following monthly segmented income statement is for Condiment Company, which has three separate product lines (A, B, and C). A B C Total Sales revenue $37,500 $50,000 $12,500 $100,000 Variable costs $16,000 $27,500 $5,000 $48,500 Contribution margin $21,500 $22,500 $7,500 $51,500 Direct fixed costs $19,500 $16,000 $3,500 $39,000 Allocated fixed costs $3,750 $5,000 $1,250 $10,000 Profit (loss) $(1,750) $1,500 $2,750 $2,500 Management is concerned about the losses associated with product line A and is considering dropping this product line....
Multiple Choice, Question 29 The following information is available for the Rollin' Baby Company which produces two types of strollers, standard and deluxe Deluxe Total 3,500 $147,000 Standard Sales volume (units) 4,000 7,500 $243,000 Revenue $96,000 Variable Costs 12,000 16,000 20,000 $48,000 Direct materials 17,500 29,500 24,000 40,000 28,500 48,500 $77,000 Direct labor Marketing & Sales Contribution Margin $125,000 Fixed Costs $24,000 $18,000 $16,000 Manufacturing Marketing & Sales Administration $67,000 Profit Before Tax If the company allocates their fixed costs...
Multiple Choice, Question 40 The following information is available for the Rollin' Baby Company which produces two types of strollers, standard and deluxe. Standard 4,000 $96,000 Deluxe 3,500 $147,000 Total 7,500 $243,000 Sales volume (units) Revenue Variable Costs Direct materials Direct labor Marketing & Sales Contribution Margin Fixed Costs Manufacturing Marketing & Sales Administration Profit Before Tax 12,000 16,000 20,000 $48,000 17,500 29,500 24,000 40,000 28,500 48,500 $77,000 $125,000 $24,000 $18,000 $16,000 $67,000 If the company shifts its product mix...
The following information is available for the Downtown Furniture Company which produces two types of tables. Oak 500 $80,000 Cherry 300 $78,000 Total 800 $ 158,000 Sales volume (units) Revenue Variable Costs Direct materials Direct labor Contribution Margin Fixed Costs Manufacturing Administrative Profit Before Tax $5,000 $7,000 $12,000 $17,000 $22,000 $39,000 $58,000 $49,000 $107,000 $25,500 $31,000 $50,500 Management feels that the fixed manufacturing costs should be allocated based on direct labor costs and fixed administrative costs should be allocated based...
Easter Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2019, Easter's managers have decided to use the same indirect manufacturing costs per wheel rim that they computed in 2018 using activity-based costing. (Click the icon to view the 2018 indirect manufacturing costs per wheel rim.) In addition to the unit indirect manufacturing costs, the following data a expected for the company's standard and deluxe models for 2019: (Click the icon to view the...
Elton Company manufactures wheel rims. The company produces two wheel rim models: standard and deluxe. For 2019, Elton's managers have decided to use the same indirect manufacturing costs per wheel rim that they computed in 2018 using activity-based costing. (Click the lcon to view the 2018 indirect manufacturing costs per wheel rim.) In addition to the unit indirect manufacturing costs, the following data are expected for the company's standard and deluxe models for 2019 (Cick the icon to view the...
Most questions answered within 3 hours.
-
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 13 minutes ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 13 minutes ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 18 minutes ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 28 minutes ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 52 minutes ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 42 minutes ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 51 minutes ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 49 minutes ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 49 minutes ago -
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 51 minutes ago -
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 1 hour ago -
How much money should be invested today in order to have $8340
at the end of...
asked 1 hour ago