Arthur, Inc. accepted a job to produce 50 units for a sales price of $8,000 per...
Arthur, Inc. accepted a job to produce 50 units for a sales price of $8,000 per unit. Arthur’s variable costs are $5,000 per unit, and at this level of production, the company had expected their fixed costs would be $2,000 per unit. Now Arthur’s customer will only buy 40 units of this product. How much net income (loss) can Arthur expect at this lower level of production?
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Arthur, Inc. accepted a job to produce 50 units for a sales
price of $8,000 per...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $148 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and w...
16- A job was budgeted to require 3 hours of labor per unit at $11.00 per hour. The job consisted of 8,000 units and was completed in 22,000 hours at a total labor cost of $269,500. What is the direct labor rate variance? Multiple Choice $27,500 unfavorable. $22,000 favorable. $16,000 unfavorable. $16,000 favorable. $6,000 unfavorable. 20- Summerlin Company budgeted 4,000 pounds of material costing $5.00 per pound to produce 2,000 units. The company actually used 4,500 pounds that cost $5.10...
29 At the Kicher Company's current activity level of 8,000 units per month, the costs of...
29 At the Kicher Company's current activity level of 8,000 units per month, the costs of producing and selling one unit of the company's only product are as follows: 01:06 14 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses 35.00 $6.00 $1.00 $9.00 $3.00 $4.00 Print The normal selling price is $26 per unit. An order has been received from a potential customer overseas for 4,000 units at...
Markson Company had the following results of operations for the past year: $ 166,400 Sales (8,000 units at $20.80) Vari...
Markson Company had the following results of operations for the past year: $ 166,400 Sales (8,000 units at $20.80) Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Operating income $89,200 15,800 15,200 20,800 (141,000) $ 25,400 A foreign company whose sales will not affect Markson's market offers to buy 2,000 units at $15.20 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $1,680 for the...
Markson Company had the following results of operations for the past year: Sales (8,000 units at...
Markson Company had the following results of operations for the past year: Sales (8,000 units at $20.70) $ 165,600 Variable manufacturing costs $ 88,800 Fixed manufacturing costs 15,700 Variable selling and administrative expenses 14,800 Fixed selling and administrative expenses 20,700 (140,000 ) Operating income $ 25,600 A foreign company whose sales will not affect Markson's market offers to buy 2,000 units at $15.05 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $1,670...
Newman Company expects to produce and sell 2,000 units next month. Data on costs follows: Per...
Newman Company expects to produce and sell 2,000 units next month. Data on costs follows: Per Unit: Sales Price $40 Manufacturing Variable Cost $10 Selling Variable Cost $6 8. Total Costs: Fixed Manufacturing $16,000 Fixed Selling $8,000 A. What is the variable cost per unit? B. what is the contribution margin per unit? C. what is the variable cost ratio? D. What is the contribution margin ratio?
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce i...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $126 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $7740 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
Q1. At a production level of 5,000 units, the budgeted product cost per unit is: Direct...
Q1. At a production level of 5,000 units, the budgeted product cost per unit is: Direct materials $30 Direct labour $10 Fixed factory overhead $6 Variable factory overhead $4 Total $50 Required: Calculate the following budgeted per unit costs if expected productionis 8,000 units: Prime cost. Conversion cost.
Inc. a U.S. based exporter that exclusively sells its products in Great Britain.,Inc expects to sell 2,000 units at a pr...
Inc. a U.S. based exporter that exclusively sells its products in Great Britain.,Inc expects to sell 2,000 units at a price of GBP 10.00 per unit. inc currently produces in KY and has a variable production cost of USD 8.10 per unit, and total fixed costs of USD 5,000. Use an expected XUSD/GBP = 1.50. What is inc’s expected cash flow from operations?
DAMO manufactures two units, DOORS and WINDOWS for which the following information is available: Costs per...
DAMO manufactures two units, DOORS and WINDOWS for which the following information is available: Costs per unit Direct materials Direct labor Variable overhead Fixed overhead Total cost per unit Price Units sold DOORS $ 450 600 750 600 $2,400 $3,000 400 WINDAWS $ 550 750 900 750 $2,950 $3,900 200 The average wage rate is $20 per hour. The plant has a capacity of 21,000 direct labor hours, but current production...
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $148 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $80.10 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
29 At the Kicher Company's current activity level of 8,000 units per month, the costs of producing and selling one unit of the company's only product are as follows: 01:06 14 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses 35.00 $6.00 $1.00 $9.00 $3.00 $4.00 Print The normal selling price is $26 per unit. An order has been received from a potential customer overseas for 4,000 units at...
Markson Company had the following results of operations for the past year: $ 166,400 Sales (8,000 units at $20.80) Variable manufacturing costs Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Operating income $89,200 15,800 15,200 20,800 (141,000) $ 25,400 A foreign company whose sales will not affect Markson's market offers to buy 2,000 units at $15.20 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $1,680 for the...
Newman Company expects to produce and sell 2,000 units next month. Data on costs follows: Per Unit: Sales Price $40 Manufacturing Variable Cost $10 Selling Variable Cost $6 8. Total Costs: Fixed Manufacturing $16,000 Fixed Selling $8,000 A. What is the variable cost per unit? B. what is the contribution margin per unit? C. what is the variable cost ratio? D. What is the contribution margin ratio?
Goshford Company produces a single product and has capacity to produce 185,000 units per month. Costs to produce its current sales of 148,000 units follow. The regular selling price of the product is $126 per unit. Management is approached by a new customer who wants to purchase 37,000 units of the product for $7740 per unit. If the order is accepted, there will be no additional fixed manufacturing overhead and no additional fixed selling and administrative expenses. The customer is...
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