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Georgia Temps, a large labor contractor, supplies contract labor to building-construction companies. For 2017, Georgia Temps...
LaborTechs, LLC supplies contract labor (certified mechanics and technicians) to aircraft maintenance, repair, overhaul, and manufacturing...
LaborTechs, LLC supplies contract labor (certified mechanics and technicians) to aircraft maintenance, repair, overhaul, and manufacturing companies. For the most recent year, LaborTechs budgeted to supply 86,000 hours of contract of labor. Its variable costs are $35 per hour and its fixed costs are $430,000. Roger Newton, the general manager, has always used a cost-plus approach for pricing contract labor at full cost plus 20%. Required: Calculate the price per hour that LaborTechs will charge using Newton’s cost-plus approach to...
Required: b. On March 1, the federal government offers Davis a contract to supply 1,000 units...
Required:
b. On March 1, the federal government offers
Davis a contract to supply 1,000 units to military bases for a
March 31 delivery. Because of an unusually large number of rush
orders from its regular customers, Davis plans to produce 8,000
units during March, which will use all available capacity. If it
accepts the government order, it would lose 1,000 units normally
sold to regular customers to a competitor. The government contract
would reimburse its "share of March manufacturing...
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves...
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves at the company's normal volume of 6,000 units per month are shown in the following table. Unit manufacturing costs Variable materials $ 52 Variable labor 77 Variable overhead 27 Fixed overhead 62 Total unit manufacturing costs $ 218 Unit marketing costs Variable 27 Fixed 72 Total unit marketing costs 99 Total unit costs $ 317 Unless otherwise stated, assume that no connection exists between...
3. Based on response to Requirement 1 & 2, how much of 103,250 direct labor hours...
3. Based on response to Requirement 1 & 2, how much of 103,250 direct labor hours of capacity will be allocated to Walton Toy Company's various products? Product Hours Debbie Trish Sarah Mike Sewing kit 4. What is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? Total contribution margin 5. What is the highest price, in terms of a rate per hour, that Walton Toy Company would be willing...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 4,350,000 (b) Determine the formula used to calculate the operating income Contribution margin- Total fixed costs Operating...
Fonseca, Ruiz, and Dunn is a large, local accounting firm located in a southwestern city. Carlos...
Fonseca, Ruiz, and Dunn is a large, local accounting firm located in a southwestern city. Carlos Ruiz, one of the firm's founders, appreciates the success his firm has enjoyed and wants to give something back to his community. He believes that an inexpensive accounting services clinic could provide basic accounting services for small businesses located in the barrio. He wants to price the services at cost. Since the clinic is brand new, it has no experience to go on. Carlos...
Dunn, Inc. is a privately held furniture manufacturer. For August 2017, Dunn had the following standards...
Dunn, Inc. is a privately held furniture manufacturer. For August 2017, Dunn had the following standards for one of its products, a wicker chair: B (Click the icon to view the standards per chair.) The following data were compiled regarding actual performance: actual output units (chairs) produced, 2,000; square yards of input purchased and used, 5,700; price per square yard, $5.30; direct manufacturing labor costs, $9,801; actual hours of input, 990; labor price per hour, $9.90. Read the requirements. Requirement...
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves...
Davis Kitchen Supply produces stoves for commercial kitchens.
The costs to manufacture and market the stoves at the company's
normal volume of 6,000 units per month are shown in the following
table.
Unless otherwise stated, assume that no connection exists
between the situation described in each question; each is
independent. Unless otherwise stated, assume a regular selling
price of $376 per unit. Ignore income taxes and other costs that
are not mentioned in the table or in the question itself....
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin- Total sales Total variable costs Contribution margin i Requirements The contribution margin is s 4,350,000 (b) Determine the formula used to calculate the operating income. Contribution margin Total fixed costs Operating...
The Pacific Boat Company, which is under contract to the U.S. Navy, assembles troop deployment boats....
The Pacific Boat Company, which is under contract to the U.S. Navy, assembles troop deployment boats. As part of its research program, it completes the assem of the first of a new model (PT109) of deployment boats. The Navy is impressed with the PT109. It requests that Pacific Boat submit a proposal on the cost of producing another six PT 109s Pacific Boat reports the following cost information for the first PT 109 assembled. Pacific Boat uses a 90% incremental...
Required:
b. On March 1, the federal government offers
Davis a contract to supply 1,000 units to military bases for a
March 31 delivery. Because of an unusually large number of rush
orders from its regular customers, Davis plans to produce 8,000
units during March, which will use all available capacity. If it
accepts the government order, it would lose 1,000 units normally
sold to regular customers to a competitor. The government contract
would reimburse its "share of March manufacturing...
3. Based on response to Requirement 1 & 2, how much of 103,250 direct labor hours of capacity will be allocated to Walton Toy Company's various products? Product Hours Debbie Trish Sarah Mike Sewing kit 4. What is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? Total contribution margin 5. What is the highest price, in terms of a rate per hour, that Walton Toy Company would be willing...
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin. Total sales - Total variable costs = Contribution margin The contribution margin is $ 4,350,000 (b) Determine the formula used to calculate the operating income Contribution margin- Total fixed costs Operating...
Fonseca, Ruiz, and Dunn is a large, local accounting firm located in a southwestern city. Carlos Ruiz, one of the firm's founders, appreciates the success his firm has enjoyed and wants to give something back to his community. He believes that an inexpensive accounting services clinic could provide basic accounting services for small businesses located in the barrio. He wants to price the services at cost. Since the clinic is brand new, it has no experience to go on. Carlos...
Dunn, Inc. is a privately held furniture manufacturer. For August 2017, Dunn had the following standards for one of its products, a wicker chair: B (Click the icon to view the standards per chair.) The following data were compiled regarding actual performance: actual output units (chairs) produced, 2,000; square yards of input purchased and used, 5,700; price per square yard, $5.30; direct manufacturing labor costs, $9,801; actual hours of input, 990; labor price per hour, $9.90. Read the requirements. Requirement...
Davis Kitchen Supply produces stoves for commercial kitchens.
The costs to manufacture and market the stoves at the company's
normal volume of 6,000 units per month are shown in the following
table.
Unless otherwise stated, assume that no connection exists
between the situation described in each question; each is
independent. Unless otherwise stated, assume a regular selling
price of $376 per unit. Ignore income taxes and other costs that
are not mentioned in the table or in the question itself....
Bailey Manufacturing sold 435,000 units of its product for $60 per unit in 2017. Variable cost per unit is $50, and total fixed costs are $1,740,000. Read the requirements. Requirement 1. Calculate (a) contribution margin and (b) operating income. (a) Determine the formula used to calculate the contribution margin- Total sales Total variable costs Contribution margin i Requirements The contribution margin is s 4,350,000 (b) Determine the formula used to calculate the operating income. Contribution margin Total fixed costs Operating...
The Pacific Boat Company, which is under contract to the U.S. Navy, assembles troop deployment boats. As part of its research program, it completes the assem of the first of a new model (PT109) of deployment boats. The Navy is impressed with the PT109. It requests that Pacific Boat submit a proposal on the cost of producing another six PT 109s Pacific Boat reports the following cost information for the first PT 109 assembled. Pacific Boat uses a 90% incremental...
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