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2016 2017 Increase in Income Due to Revenue Increase in Costs Due to Direct Labor Jobs...
kindly answer from number 4 to 8 exce Midwest Manufacturing Statement of Income 2018 2017 2016 s 5,645,357 5,814,718 6...
kindly answer from number 4 to 8
exce Midwest Manufacturing Statement of Income 2018 2017 2016 s 5,645,357 5,814,718 6,163,601 Sales Cost of Goods Sold 1,467,793 1,395,532 1,787,444 523,325 Variable Costs 369,816 395,175 Fixed Costs 1,862,968 1,918,857 2,157,260 Total Cost of Goods Sold 3,782,389 3,895,861 4,006,341 Gross Profit Administrative& Selling Expenses: Variable Administrative & Selling Costs Fixed Administrative & Selling Costs 523,906 523,325 395,175 959,711 1,104,796 1,016,994 1,354,886 1,628,121 1,540,900 Total Administrative Costs 2,427,504 2,267,740 2,465,440 Net Income Supplemental Information...
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...
Truman Company manufactures a DVD player called Orlicon. The company sells the player to discount stores...
Truman Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. Click the icon to view additional information.) Information about the current period (2017) and last period (2016) follows. Click the icon to view the information for 2017 and 2016.) Suppose that during 2017, the market for DVD players grew 10%. All increases in market share (that is, sales increases greater than 10%) and decreases in the selling price of the Orlicon...
1) X Company incurred the following costs in 2017: Factory insurance $5,629 Customer service 4,766 Advertising...
1) X Company incurred the following costs in 2017: Factory insurance $5,629 Customer service 4,766 Advertising costs 4,594 Factory maintenance 5,023 Direct labor 5,972 Direct materials 4,514 Sales salaries 5,023 Factory utilities 5,153 Research & Development 5,599 Material handling 4,174 What was total overhead in 2017? 2) X Company had the following inventory account balances in 2017: Account January 1 December 31 Materials $14,524 $16,900 Work in Process 14,622 21,768 Finished Goods 14,594 14,594 The following additional information for the...
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017,...
Mid City Products Inc. (MCP), developed standard costs for direct material and direct labor. In 2017, MCP estimated the following standard costs for one of their most popular products. Budgeted quantity Budgeted price Direct materials 77 pounds $ 8.60$8.60 per pound Direct labor 0.40.4 hours $ 11$11 per hour During September, MCP produced and sold 1,000 units using 7,400 pounds of direct materials at an average cost per pound of $8 and 370 direct labor hours at an average wage...
Kendrick Company manufactures a DVD player called Orlicon. The company sells the player to discount stores...
Kendrick Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. (Click the icon to view additional information.) Information about the current period (2017) and last period (2016) follows. (Click the icon to view the information for 2017 and 2016.) Suppose that during 2017, the market for DVD players grew 15%. All increases in market share (that is, sales increases greater than 15%) and decreases in the selling price of the Orlicon...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate (a) Cost of goods manufactured in 2017 and (b) Cost of goods sold in 2017. (12 points) Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $12,000 $164,000 $10,000 $13,000 $17,000 3. How many units would have to be sold to yield a target operating income of...
1 Data Table Laguna Model Construction period Direct materials costs Direct labor costs Direct labor-hours Feb-June...
1 Data Table Laguna Model Construction period Direct materials costs Direct labor costs Direct labor-hours Feb-June 2017 106,440 $ 36,625 $ Mission Model May-Oct 2017 127,250 41,130 1,090 $ 970 Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked. The 2017 actual assembly-support costs were $7,425,000, and the actual direct labor-hours were 165,000. Print Done X Requirements 1. Compute the...
what is the in market share due to reduction in selling price Sunway Corporation is a...
what is the in market share due to reduction in selling
price
Sunway Corporation is a small information systems consulting firm that specializes in helping companies implement sales management software. The market for Sunway's products is very competitive. To compete, Sunway must deliver quality service at a low cost Sunway bills clients in terms of units of work performed which depends on the size and complexity of the sales management system. Sunway presents the following data for the years 2018...
Foresight Company manufactures binoculars. The actual costs for 2016 and 2017 were as follows: 2016 2017...
Foresight Company manufactures binoculars. The actual costs for 2016 and 2017 were as follows: 2016 2017 Direct materials: Plastic case $ 4.00 $ 3.80 Lens set 17.00 17.20 Direct labor 32.00 (1.6 hours) 30.00 (1.5 hours) Indirect manufacturing costs: Variable 8.00 7.10 Fixed 2.00 (50,000 units) 1.60 (60,000 units) Beginning in 2017, Foresight implemented a continuous improvement program that required a first-year cost reduction target of a 5 percent reduction of the 2016 base. Foresight's continuous improvement target for direct...
kindly answer from number 4 to 8
exce Midwest Manufacturing Statement of Income 2018 2017 2016 s 5,645,357 5,814,718 6,163,601 Sales Cost of Goods Sold 1,467,793 1,395,532 1,787,444 523,325 Variable Costs 369,816 395,175 Fixed Costs 1,862,968 1,918,857 2,157,260 Total Cost of Goods Sold 3,782,389 3,895,861 4,006,341 Gross Profit Administrative& Selling Expenses: Variable Administrative & Selling Costs Fixed Administrative & Selling Costs 523,906 523,325 395,175 959,711 1,104,796 1,016,994 1,354,886 1,628,121 1,540,900 Total Administrative Costs 2,427,504 2,267,740 2,465,440 Net Income Supplemental Information...
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...
Truman Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. Click the icon to view additional information.) Information about the current period (2017) and last period (2016) follows. Click the icon to view the information for 2017 and 2016.) Suppose that during 2017, the market for DVD players grew 10%. All increases in market share (that is, sales increases greater than 10%) and decreases in the selling price of the Orlicon...
Kendrick Company manufactures a DVD player called Orlicon. The company sells the player to discount stores throughout the country. (Click the icon to view additional information.) Information about the current period (2017) and last period (2016) follows. (Click the icon to view the information for 2017 and 2016.) Suppose that during 2017, the market for DVD players grew 15%. All increases in market share (that is, sales increases greater than 15%) and decreases in the selling price of the Orlicon...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate (a) Cost of goods manufactured in 2017 and (b) Cost of goods sold in 2017. (12 points) Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $12,000 $164,000 $10,000 $13,000 $17,000 3. How many units would have to be sold to yield a target operating income of...
1 Data Table Laguna Model Construction period Direct materials costs Direct labor costs Direct labor-hours Feb-June 2017 106,440 $ 36,625 $ Mission Model May-Oct 2017 127,250 41,130 1,090 $ 970 Direct materials and direct labor are paid for on a contract basis. The costs of each are known when direct materials are used or when direct labor-hours are worked. The 2017 actual assembly-support costs were $7,425,000, and the actual direct labor-hours were 165,000. Print Done X Requirements 1. Compute the...
what is the in market share due to reduction in selling
price
Sunway Corporation is a small information systems consulting firm that specializes in helping companies implement sales management software. The market for Sunway's products is very competitive. To compete, Sunway must deliver quality service at a low cost Sunway bills clients in terms of units of work performed which depends on the size and complexity of the sales management system. Sunway presents the following data for the years 2018...
Foresight Company manufactures binoculars. The actual costs for 2016 and 2017 were as follows: 2016 2017 Direct materials: Plastic case $ 4.00 $ 3.80 Lens set 17.00 17.20 Direct labor 32.00 (1.6 hours) 30.00 (1.5 hours) Indirect manufacturing costs: Variable 8.00 7.10 Fixed 2.00 (50,000 units) 1.60 (60,000 units) Beginning in 2017, Foresight implemented a continuous improvement program that required a first-year cost reduction target of a 5 percent reduction of the 2016 base. Foresight's continuous improvement target for direct...
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