Homework Answers
Total variable costs=(Direct materials+Direct labor+Factory overhead)
=(55+40+25)=$120 per calculator
Contribution margin=Sales-Variable cost
=150-120
=$30 per calculator.
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Question 17 3 pts Johnson Corporation sells graphing calculators at $150 per calculator. The variable costs...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead Total cost per unit Price Units sold Star 100 130 $ 60 30 180 400 $ 580 $ 4,000 40 240 510 780 2,000 40 Additional Information: Variable overhead varies with quantity of direct labor-hours. Average wage rate per hour Plant capacity (in direct labor-hours) 20,000 Current production (in direct labor-hours) 10,000 Requirement a. Information: Star 100 2,500 400 $ Star 150 2,500 500...
Johnson Corporation produces and sells three products. Unit data concerning each product is shown below. D...
Johnson Corporation produces and sells three products. Unit data concerning each product is shown below. D E F _____________________________________________________________________ Selling Price $196.90 $296.60 $246.40 _____________________________________________________________________ Direct Labor Costs $32.40 $92.40 $37.20 _____________________________________________________________________ Other Variable Costs $97.00 $81.00 $141.00 -The company has 1,900 hours of labor available to build inventory in anticipation of the company's peak season. Management is trying to decide which product should be produced. The direct labor hourly rate is $12 -Determine the number of direct labor hours...
Question 11 Marshall Company's GWhiz calculator sells for $40. Variable costs per unit are estimated to...
Question 11 Marshall Company's GWhiz calculator sells for $40. Variable costs per unit are estimated to be $26. What are the unit contribution margin and the contribution margin ratio? Unit contribution margin s Contribution margin ratio-
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the...
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $130,000 100% $ 1,000,000 Collapse Sales (50,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $ 270,000 240,000 100,000 150,000 110,000 50,000 920,000 $ 80,000 53,165 81.250. 36,207. 50,000 58,621 D...
Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries...
Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell 110,000 liters at a budgeted price of $150 per liter this year. The standard direct cost sheet for one liter of the preservative follows. Direct materials (2 pounds @ $9) $ 18 Direct labor (0.5 hours @ $34) 17 Variable overhead is applied based on direct labor hours. The variable overhead...
Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per...
Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,000 units, is as follows: Direct materials Direct labor Overhead (2/3 of which is variable) Mazeppa has been approached by a distributor in Montana offering to buy a special order consisting of 30,000 relays. Mazeppa has the capacity to fill the order. However, it will incur an additional shipping cost of $2 for each relay it sells to...
Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries...
Paynesville Corporation manufactures and sells a preservative
used in food and drug manufacturing. The company carries no
inventories. The master budget calls for the company to manufacture
and sell 118,000 liters at a budgeted price of $210 per liter this
year. The standard direct cost sheet for one liter of the
preservative follows.
Direct materials
(2 pounds @ $13)
$
26
Direct labor
(0.5 hours @ $42)
21
Variable overhead is applied based on direct labor hours. The
variable overhead...
Question 3 5.52 pts Kartman Corporation makes a product with the following standard costs: 7.00 Per...
Question 3 5.52 pts Kartman Corporation makes a product with the following standard costs: 7.00 Per Standard Quantity or Standard Cost Hours Standard Price or Rate Per Unit Direct materials 6.5pounds $ $ 45.50 pound Direct labor 0.6hours $ 24.00per hour $ 14.40 Variable overhead 0.6hours $ 4.00per hour $ 2.40 In June the company's budgeted production was 3.400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours...
Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries...
Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell 108,000 liters at a budgeted price of $135 per liter this year. The standard direct cost sheet for one liter of the preservative follows. Direct materials Direct labor (2 pounds @ $8) (0.5 hours $32) $16 16 Variable overhead is applied based on direct labor hours. The variable overhead rate is...
Exercise 16-36 (Static) Variable Cost Variances (LO 16-5) Paynesville Corporation manufactures and sells a preservative used...
Exercise 16-36 (Static) Variable Cost Variances (LO 16-5) Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell 100,000 liters at a budgeted price of $75 per liter this year. The standard direct cost sheet for one liter of the preservative follows. Direct materials (2 pounds @ $4) $ 8 Direct labor (0.5 hours @ $24) 12 Variable overhead is applied...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead Total cost per unit Price Units sold Star 100 130 $ 60 30 180 400 $ 580 $ 4,000 40 240 510 780 2,000 40 Additional Information: Variable overhead varies with quantity of direct labor-hours. Average wage rate per hour Plant capacity (in direct labor-hours) 20,000 Current production (in direct labor-hours) 10,000 Requirement a. Information: Star 100 2,500 400 $ Star 150 2,500 500...
Question 11 Marshall Company's GWhiz calculator sells for $40. Variable costs per unit are estimated to be $26. What are the unit contribution margin and the contribution margin ratio? Unit contribution margin s Contribution margin ratio-
Question 19 2.5 pts The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. Compute the number of units that must be sold in order to achieve a target pretax income of $130,000 100% $ 1,000,000 Collapse Sales (50,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $ 270,000 240,000 100,000 150,000 110,000 50,000 920,000 $ 80,000 53,165 81.250. 36,207. 50,000 58,621 D...
Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,000 units, is as follows: Direct materials Direct labor Overhead (2/3 of which is variable) Mazeppa has been approached by a distributor in Montana offering to buy a special order consisting of 30,000 relays. Mazeppa has the capacity to fill the order. However, it will incur an additional shipping cost of $2 for each relay it sells to...
Paynesville Corporation manufactures and sells a preservative
used in food and drug manufacturing. The company carries no
inventories. The master budget calls for the company to manufacture
and sell 118,000 liters at a budgeted price of $210 per liter this
year. The standard direct cost sheet for one liter of the
preservative follows.
Direct materials
(2 pounds @ $13)
$
26
Direct labor
(0.5 hours @ $42)
21
Variable overhead is applied based on direct labor hours. The
variable overhead...
Question 3 5.52 pts Kartman Corporation makes a product with the following standard costs: 7.00 Per Standard Quantity or Standard Cost Hours Standard Price or Rate Per Unit Direct materials 6.5pounds $ $ 45.50 pound Direct labor 0.6hours $ 24.00per hour $ 14.40 Variable overhead 0.6hours $ 4.00per hour $ 2.40 In June the company's budgeted production was 3.400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours...
Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing. The company carries no inventories. The master budget calls for the company to manufacture and sell 108,000 liters at a budgeted price of $135 per liter this year. The standard direct cost sheet for one liter of the preservative follows. Direct materials Direct labor (2 pounds @ $8) (0.5 hours $32) $16 16 Variable overhead is applied based on direct labor hours. The variable overhead rate is...
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