Homework Answers
| B) | Break even point (units)= fixed cost/contribution margin per unit | |||||||
| 60,000/(50-20) | ||||||||
| 2000 | tickets | |||||||
| Break even points (revenue)= 2000 units *50 | ||||||||
| 100000 | ||||||||
| 2) | Prime cost = Direct materials + direct labor+Subcontraction cost | |||||||
| Direct materials | 430 | |||||||
| Direct manufacturing labor salaries | 110 | |||||||
| Subcontracting | 120 | |||||||
| prime cost | 660 | answer | ||||||
| conversion cost = cost incurred to convert raw materials into finished product | ||||||||
| Direct manufacturing labor salaries | 110 | |||||||
| Subcontracting | 120 | |||||||
| Manufacturing overhead | ||||||||
| fringe benefits | 40 | |||||||
| production setup | 60 | |||||||
| other manufacturing overhead | 240 | |||||||
| total conversion cost | 570 | answer | ||||||
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Compute breakeven point for each venue in terms of tickets sold (B) (20 marks) A company...
(20 marks) EBY Metal Products reported the following components in its manufacturing costs for April 29...
(20 marks) EBY Metal Products reported the following components in its manufacturing costs for April 29 (in thousands): 2. Direct costs Direct materials Direct manufacturing labor salaries Subcontracting 430 (TL) 110 Manufacturing overhead: 40 Fringe benefits on direct manufacturing labor Production setup Other manufacturing overhead 240 Please note that Subcontracting Costs are treated as a direct cost item separate from direct materials Compute (a) prime costs and (b) the conversion costs of EBY Metal Products using the cost classifications described...
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Part b
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Total: 20 marks A company manufactures household items sold at trade shows. The items, classified as...
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Exercise 4 (Classification of costs, prime and conversion costs) Tanaka Metal Products reports the following components in its manufacturing costs for April 20X1 (in thousands): Direct costs: P430 Direct materials Direct manufacturing labor salaries Subcontracting 110 120 P 660 Manufacturing overhead: Fringe benefits on direct manufacturing labor Production setup Other manufacturing overhead 40 60 340 P1,000 240 Subcontracting costs are treated as a direct-cost item separate from direct materials. Required 1. Compute (a) the prime costs and (b) the conversion...
Part b
4. (A) (25 marks) The Chamber of Commerce is planning its July 4 gala ball. There are two a. Country Golf Club, which has a fixed rental cost of $2.000 plus a charge of $80 per b. Town Hall, which has a fixed rental cost of $6,600 The Chamber of Commerce can possible venues: person for its own catering of meals and serving of drinks. hire a caterer for meals and waiters to serve drinks at $60 per...
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