Homework Answers
| Sales (19900*35) | $696,500 |
| Less: Direct material (19900*6) | 119400 |
| Direct labor (19900*4) | 79600 |
| Variable manufacturing overhead (19900*20*40%) | 159200 |
| Whispering Winds's income will Increase by | $338,300 |
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Exercise 8-6 Your answer is partially correct. Try again. Whispering Winds Company is a leading manufacturer...
Exercise 8-6 Monty Company is a leading manufacturer of sunglasses. One of Monty's products protects the...
Exercise 8-6 Monty Company is a leading manufacturer of sunglasses. One of Monty's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Monty about purchasing 15,000 pairs of these sunglasses. Monty's unit manufacturing cost, based on a full capacity of 112,000 units, is as follows: Direct materials $6 Direct labor Manufacturing overhead (60% fixed) 20 Total manufacturing costs $30 Monty also incurs selling and administrative expenses of $79,780 plus $2 per pair for sales commissions....
Exercise 8-6 Bridgeport Company is a leading manufacturer of sunglasses. One of Bridgeport's products protects the...
Exercise 8-6 Bridgeport Company is a leading manufacturer of sunglasses. One of Bridgeport's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Bridgeport about purchasing 16,000 pairs of these sunglasses. Bridgeport's unit manufacturing cost, based on a full capacity of 102,000 units, is as follows: Direct materials $7 Direct labor 6 Manufacturing overhead (60% fixed) 20 Total manufacturing costs $33 Bridgeport also incurs selling and administrative expenses of $76,460 plus $3 per pair for sales...
Exercise 8-6 Flint Company is a leading manufacturer of sunglasses. One of Flint’s products protects the eyes from ultra...
Exercise 8-6
Flint Company is a leading manufacturer of sunglasses. One of
Flint’s products protects the eyes from ultraviolet rays. An
upscale sporting goods store has contacted Flint about purchasing
16,000 pairs of these sunglasses. Flint’s unit manufacturing cost,
based on a full capacity of 116,000 units, is as follows:
Direct materials
$6
Direct labor
5
Manufacturing overhead (60% fixed)
15
Total manufacturing costs
$26
Flint also incurs selling and administrative expenses of $79,500
plus $3 per pair for sales...
Exercise 8-6 Lybrand Company is a leading manufacturer of sunglasses. One of Lybrand's products protects the...
Exercise 8-6 Lybrand Company is a leading manufacturer of sunglasses. One of Lybrand's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Lybrand about purchasing 15,000 pairs of these sunglasses. Lybrand's unit manufacturing cost, based on a full capacity of 100,000 units, is as follows: Direct materials $6 Direct labor 4 Manufacturing overhead (60% fixed) 15 Total manufacturing costs $25 Lybrand also incurs selling and administrative expenses of $75,000 plus $2 per pair for sales...
Lybrand Company is a leading manufacturer of sunglasses. One of Lybrand’s products protects the eyes from...
Lybrand Company is a leading manufacturer of sunglasses. One of
Lybrand’s products protects the eyes from ultraviolet rays. An
upscale sporting goods store has contacted Lybrand about purchasing
15,000 pairs of these sunglasses. Lybrand’s unit manufacturing
cost, based on a full capacity of 100,000 units, is as
follows:
Direct materials
$6
Direct labor
4
Manufacturing overhead (60% fixed)
15
Total manufacturing costs
$25
Lybrand also incurs selling and administrative expenses of $75,000
plus $2 per pair for sales commissions. The...
Marigold Company is a leading manufacturer of sunglasses. One of Marigold's products protects the eyes from...
Marigold Company is a leading manufacturer of sunglasses. One of Marigold's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Marigold about purchasing 18,200 pairs of these sunglasses. Marigold's unit manufacturing cost, based on a full capacity of 103,000 units, is as follows: Direct materials Direct labor Manufacturing overhead (60% fixed) 20 Total manufacturing costs Marigold also incurs selling and administrative expenses of $78,930 plus $2 per pair for sales commissions. The company has plenty...
Whispering Winds Inc. has been manufacturing its own finials for its curtain rods. The company is...
Whispering Winds Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 61% of direct labor cost. The direct materials and direct labor cost per unit to make a pair of finials are $4 and $5, respectively. Normal production is 26,400 curtain rods per year. A supplier offers to make a pair of finials at a price of...
Your answer is partially correct. Try again. On January 1, Whispering Winds Corp. had 62,600 shares of no par commo...
Your answer is partially correct. Try again. On January 1, Whispering Winds Corp. had 62,600 shares of no par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions Occurred. Apr. 1 Issued 16,650 additional shares of common stock for $13 per share. June 15 Declared a cash dividend of $1.55 per share to stockholders of record on June 30 July 10 Paid the $1.55 cash dividend. Dec. 1...
Brief Exercise 25-11 Your answer is partially correct. Try again. In October, Pine Company reports 20,600...
Brief Exercise 25-11 Your answer is partially correct. Try again. In October, Pine Company reports 20,600 actual direct labor hours, and it incurs $257,000 of manufacturing overhead costs. Standard hours allowed for the work done is 25,700 hours. The predetermined overhead rate is $10.25 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $8.35 variable per direct labor hour and $51,500 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor...
please use the information and answer the 2 requirements. E8-22A Special order decision and considerations (Learning...
please use the information and answer the 2
requirements.
E8-22A Special order decision and considerations (Learning Objective 3) Jasper McKnight Sunglasses sell for about $150 per pair. Suppose the company incurs the following average costs per pair: Direct materials ..... $40 Direct labor ..................................................... Variable manufacturing overhead.......... Variable marketing expenses ..................... Fixed manufacturing overhead .................... Total costs........................ *$2,100,000 total fixed manufacturing overhead/84,000 pairs of sunglasses 12 25 $88 Jasper Mcknight has enough idle capacity to accept a one-time-only special order...
Exercise 8-6 Monty Company is a leading manufacturer of sunglasses. One of Monty's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Monty about purchasing 15,000 pairs of these sunglasses. Monty's unit manufacturing cost, based on a full capacity of 112,000 units, is as follows: Direct materials $6 Direct labor Manufacturing overhead (60% fixed) 20 Total manufacturing costs $30 Monty also incurs selling and administrative expenses of $79,780 plus $2 per pair for sales commissions....
Exercise 8-6 Bridgeport Company is a leading manufacturer of sunglasses. One of Bridgeport's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Bridgeport about purchasing 16,000 pairs of these sunglasses. Bridgeport's unit manufacturing cost, based on a full capacity of 102,000 units, is as follows: Direct materials $7 Direct labor 6 Manufacturing overhead (60% fixed) 20 Total manufacturing costs $33 Bridgeport also incurs selling and administrative expenses of $76,460 plus $3 per pair for sales...
Exercise 8-6
Flint Company is a leading manufacturer of sunglasses. One of
Flint’s products protects the eyes from ultraviolet rays. An
upscale sporting goods store has contacted Flint about purchasing
16,000 pairs of these sunglasses. Flint’s unit manufacturing cost,
based on a full capacity of 116,000 units, is as follows:
Direct materials
$6
Direct labor
5
Manufacturing overhead (60% fixed)
15
Total manufacturing costs
$26
Flint also incurs selling and administrative expenses of $79,500
plus $3 per pair for sales...
Exercise 8-6 Lybrand Company is a leading manufacturer of sunglasses. One of Lybrand's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Lybrand about purchasing 15,000 pairs of these sunglasses. Lybrand's unit manufacturing cost, based on a full capacity of 100,000 units, is as follows: Direct materials $6 Direct labor 4 Manufacturing overhead (60% fixed) 15 Total manufacturing costs $25 Lybrand also incurs selling and administrative expenses of $75,000 plus $2 per pair for sales...
Lybrand Company is a leading manufacturer of sunglasses. One of
Lybrand’s products protects the eyes from ultraviolet rays. An
upscale sporting goods store has contacted Lybrand about purchasing
15,000 pairs of these sunglasses. Lybrand’s unit manufacturing
cost, based on a full capacity of 100,000 units, is as
follows:
Direct materials
$6
Direct labor
4
Manufacturing overhead (60% fixed)
15
Total manufacturing costs
$25
Lybrand also incurs selling and administrative expenses of $75,000
plus $2 per pair for sales commissions. The...
Marigold Company is a leading manufacturer of sunglasses. One of Marigold's products protects the eyes from ultraviolet rays. An upscale sporting goods store has contacted Marigold about purchasing 18,200 pairs of these sunglasses. Marigold's unit manufacturing cost, based on a full capacity of 103,000 units, is as follows: Direct materials Direct labor Manufacturing overhead (60% fixed) 20 Total manufacturing costs Marigold also incurs selling and administrative expenses of $78,930 plus $2 per pair for sales commissions. The company has plenty...
Whispering Winds Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 61% of direct labor cost. The direct materials and direct labor cost per unit to make a pair of finials are $4 and $5, respectively. Normal production is 26,400 curtain rods per year. A supplier offers to make a pair of finials at a price of...
Your answer is partially correct. Try again. On January 1, Whispering Winds Corp. had 62,600 shares of no par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions Occurred. Apr. 1 Issued 16,650 additional shares of common stock for $13 per share. June 15 Declared a cash dividend of $1.55 per share to stockholders of record on June 30 July 10 Paid the $1.55 cash dividend. Dec. 1...
Brief Exercise 25-11 Your answer is partially correct. Try again. In October, Pine Company reports 20,600 actual direct labor hours, and it incurs $257,000 of manufacturing overhead costs. Standard hours allowed for the work done is 25,700 hours. The predetermined overhead rate is $10.25 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $8.35 variable per direct labor hour and $51,500 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor...
please use the information and answer the 2
requirements.
E8-22A Special order decision and considerations (Learning Objective 3) Jasper McKnight Sunglasses sell for about $150 per pair. Suppose the company incurs the following average costs per pair: Direct materials ..... $40 Direct labor ..................................................... Variable manufacturing overhead.......... Variable marketing expenses ..................... Fixed manufacturing overhead .................... Total costs........................ *$2,100,000 total fixed manufacturing overhead/84,000 pairs of sunglasses 12 25 $88 Jasper Mcknight has enough idle capacity to accept a one-time-only special order...
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