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3. Vanguard sells specialized steel at a price of $450 per ton. Plant capacity is 10,000...
Ann's steel plant produces 800 tons of steel. Steel sells for $400 per ton. Ann pays...
Ann's steel plant produces 800 tons of steel. Steel sells for $400 per ton. Ann pays wages of $250,000, buys $100,000 worth of coals, which is needed to produce the steel, pays $15,000 in taxes, and $10,000 in interest on a loan. What is Ann's contribution to GDP? (Need explanation)
A production plant has the capacity to produce 2,000 tons per year. At full capacity, there...
A production plant has the capacity to produce 2,000 tons per year. At full capacity, there are total variable costs of $2,800,000 and fixed costs of $700,000 a. What is the annual profit for the plant when working at full capacity (2,000 tons) and the product sells for $1.10 per pound? b. What is the fixed cost per pound at the breakeven point? c. What is the total cost per pound at full capacity?
5. Floral Company manufactures and sells a single product called Gizmo. Operating at capacity, the company...
5. Floral Company manufactures and sells a single product called Gizmo. Operating at capacity, the company can produce and sell 30,000 Gizmos per year. Costs associated with this level of production and sales are given below: Unit $15 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost per unit The Gizmo normally sells for $45 each. Fixed manufacturing overhead is constant at $270,000. Due to the recession this year, Floral Company expects to produce and sell only...
A plant operation has fixed costs of $2,000,000 per year, and its output capacity is 100,000 electrical appliances per year. The variable cost is $40 per unit, and the product sells for $90 per unit.
A plant operation has fixed costs of $2,000,000per year, and its output capacity is 100,000 electricalappliances per year. The variable cost is $40 per unit, andthe product sells for $90 per unit.a. Construct the economic breakeven chart.b. Compare annual profit when the plant is operatingat 90% of capacity with the plant operation at 100%capacity. Assume that the first 90% of capacity outputis sold at $90 per unit and that the remaining 10% ofproduction is sold at $70 per unit.
Sanderson Steel Company manufactures 3 types of steel at 3 different plants. The time required to manufacture 1 ton of steel and the costs at each plant are shown in the table below. Each week, 100 to...
Sanderson Steel Company manufactures 3 types of steel at 3
different plants. The time required to manufacture 1 ton of steel
and the costs at each plant are shown in the table below. Each
week, 100 tons of each type of steel must be produced. Each plant
is open 40 hours per week. Formulate this transportation problem to
minimize the cost of meeting Sanderson’s weekly requirements.
having troubles with this problem, please help!
5. (7.5 point) Sanderson Steel Company manufactures...
Martinez Company's relevant range of production is 7,500 units. when it produces and sells 10,000 unites....
Martinez Company's relevant range of production is 7,500 units. when it produces and sells 10,000 unites. its average cost per unit are as follows : direct materials $ 6 direct labor$3.5 variable manufacturing overhead $1.5 fixed manufacturing overhead $4 fixed selling expense $3 fixed administrative expense $2 sales commissions $1 variable administrative expense $0.5 for financial accounting purposes, what is the total amount of product costs incurred to sell 10,000 units? do not round intermediate calculations.
Simmons Marketing (SM) has the capacity to produce 10,000 fax machines per year. SM currently produces...
Simmons Marketing (SM) has the capacity to produce 10,000 fax machines per year. SM currently produces and sells 7,000 units per year. The fax machines normally sell for $100 each. Modem Products has offered to buy 2,000 fax machines from SM for $60 each. Unit-level costs associated with manufacturing each fax machine are $15 for direct labor and $40 for direct materials. Product-level and facility-sustaining costs are $50,000 and $65,000, respectively. 1. What is SM's current profit (net income)? a....
Full capacity in units Current capacity in units Direct materials cost per unit Direct materials cost...
Full capacity in units Current capacity in units Direct materials cost per unit Direct materials cost per unit Manufacturing overhead per unit (variable) Total manufacturing overhead (Fixed) Total selling expenses Total general and administrative expenses Normal selling price per unit 200,000 150,000 $6.00 $4.00 $2.00 $300,000 $100,000 $200,000 $40.00 Using the information shown above, provide the cost formula. If a company produces 10,000 units and sells 8,000 units during the period, which method of computing operating income (absorption or variable)...
Potter has received a special order for 10,000 units of its product at a special price...
Potter has received a special order for 10,000 units of its product at a special price of $15. The product normally sells for $20 and has the following manufacturing costs: Per unit $ 6 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit cost ONW Potter is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Potter accepts the order, what effect will the order have on the company's short-term...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34,000 Rets per year. Costs associated with this level of production and sales are given below: Unit $ 25 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost ONW Total $ 850,000 340,000 102,000 238,000 68,000 204,000 $ 1,802,000 53 The Rets normally sell for $58 each. Fixed manufacturing overhead is...
A production plant has the capacity to produce 2,000 tons per year. At full capacity, there are total variable costs of $2,800,000 and fixed costs of $700,000 a. What is the annual profit for the plant when working at full capacity (2,000 tons) and the product sells for $1.10 per pound? b. What is the fixed cost per pound at the breakeven point? c. What is the total cost per pound at full capacity?
5. Floral Company manufactures and sells a single product called Gizmo. Operating at capacity, the company can produce and sell 30,000 Gizmos per year. Costs associated with this level of production and sales are given below: Unit $15 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost per unit The Gizmo normally sells for $45 each. Fixed manufacturing overhead is constant at $270,000. Due to the recession this year, Floral Company expects to produce and sell only...
Sanderson Steel Company manufactures 3 types of steel at 3
different plants. The time required to manufacture 1 ton of steel
and the costs at each plant are shown in the table below. Each
week, 100 tons of each type of steel must be produced. Each plant
is open 40 hours per week. Formulate this transportation problem to
minimize the cost of meeting Sanderson’s weekly requirements.
having troubles with this problem, please help!
5. (7.5 point) Sanderson Steel Company manufactures...
Full capacity in units Current capacity in units Direct materials cost per unit Direct materials cost per unit Manufacturing overhead per unit (variable) Total manufacturing overhead (Fixed) Total selling expenses Total general and administrative expenses Normal selling price per unit 200,000 150,000 $6.00 $4.00 $2.00 $300,000 $100,000 $200,000 $40.00 Using the information shown above, provide the cost formula. If a company produces 10,000 units and sells 8,000 units during the period, which method of computing operating income (absorption or variable)...
Potter has received a special order for 10,000 units of its product at a special price of $15. The product normally sells for $20 and has the following manufacturing costs: Per unit $ 6 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit cost ONW Potter is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Potter accepts the order, what effect will the order have on the company's short-term...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 34,000 Rets per year. Costs associated with this level of production and sales are given below: Unit $ 25 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost ONW Total $ 850,000 340,000 102,000 238,000 68,000 204,000 $ 1,802,000 53 The Rets normally sell for $58 each. Fixed manufacturing overhead is...
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