1. Just Like Fred Astaire Corporation has provided you with the following labor data concerning one of the products in its standard cost system. The following data are available for April:
The standard number of direct labor hours allowed for April production is closest to:
a. |
2,420 hours |
|
b. |
2,593 hours |
|
c. |
2,580 hours |
|
d. |
2,553 hours |
|
e. |
2,447 hours |
2. Sit Down, Ltd., is trying to figure out how many units it needs to sell in order to make a specific target profit. The firm provided the following monthly data:
Per month: |
Per unit: |
|
Selling price |
$41.50 |
|
Variable manufacturing costs |
$15.25 |
|
Fixed manufacturing costs |
$50,915 |
|
Variable selling and admin costs |
$3.75 |
|
Fixed selling and admin costs |
$26,730 |
How many units does the firm need to sell in order to earn a target profit of $13,800 (round your answer up to the nearest whole unit)?
a. |
2,466 units |
|
b. |
4,813 units |
|
c. |
3,451 units |
|
d. |
2,877 units |
|
e. |
4,065 units |
3. t’s Hot, Inc. makes one product and it provided the following information to help prepare the master budget for the next six months of operations:
The budgeted direct labor cost for March is:
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1. Just Like Fred Astaire Corporation has provided you with the following labor data concerning one...
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