19 | |||||||
Direct materials | Direct labor and Overhead | ||||||
To complete beginning inventory | 0 | 37500 | =50000*3/4 | ||||
Units started and finished | 120000 | 120000 | |||||
Ending inventory | 40000 | 10000 | =40000*1/4 | ||||
Equivalent units of Production | 160000 | 167500 | |||||
Option E is correct | |||||||
20 | |||||||
True, total variable costs change proportionately with changes in output activity | |||||||
21 | |||||||
False, variable costs per unit do not increase proportionately with changes in output activity. Variable costs per unit remain constant. | |||||||
22 | |||||||
Break-even point in units = Fixed costs/Unit Contribution margin = 68760/(120-90)= 2292 | |||||||
Option A is correct | |||||||
23 | |||||||
Break-even point in units = Fixed costs/Unit Contribution margin = 859716/(91-25)= 13026 | |||||||
Option D is correct | |||||||
24 | |||||||
CM ratio = (120-90)/120 = 25% | |||||||
Break-even point in units = Fixed costs/CM ratio = 68760/25%= $275040 |
(1/4 complete with respect to direct labor lete with respect to direct labor and Sewing Department's...
A company manufactures and sells a product for $120 per unit. The company's fixed costs are $68,760, and its variable costs are $90 per unit. The company's break-even point in units is: 1) 2,292. O2) 573. O 3) 764.
A company manufactures and sells a product for $115 per unit The company's fixed costs are $63,760 and its variable costs are $85 per unit. The company's break-even point in units is O 2125 O 554 750. O 319. 0 790. A company's prime costs total $5,400,000 and its conversion costs total $9,400,000. If direct materials are $2200,000 and factory overhead is $6,200,000, then direct labor is: O $4,000,000. $18,800,000. $3,200,000 $1,000,000 o $5,400,000,
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1-The sum of all manufacturing costs except for direct materials and direct labor is called manufacturing overhead. a) True b) False 2- If the fixed cost per unit is $15 and the variable cost per unit is $0.5, and the units produced are 10,000 units. Then what is the total cost if the units produced are 20,000? a)$160,000 b)$150,000 c)$310,000 d)$155,000 3- Conversion cost equals product cost less direct materials cost. a) True b) False 4- During the month of...
The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data Demand Next Selling Direct (units) per Unit MaterialsLabor 2.10 0.70 4.20 $ 2.80 $0.35 ar Price Direct Product Debbie Trish Sarah Mike Sewing kit 59,000 $30.00 51,000 7.00 44,000 $42.00 54,500 $12.00 334,000 8.90 $5.20...
Required information [The following information applies to the questions displayed below) Diego Company manufactures one product that is sold for $71 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations in which it produced 42,000 units and sold 37,000 units. Variable costs per uniti Manufacturing Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year! Pixed manufacturing overhead Fixed selling and administrative expense...
The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data: Product Debbie Trish Sarah Mike Sewing kit Demand Next Selling year Price (units) per Unit 71,000 $17.50 63,000 $ 6.00 56,000 $31.50 47,600 $13.00 346,000 $10.10 Direct Materials $4.80 $1.70 $9.59 $4.10 $5.30 Direct Labor...
Haas Company manufactures and sells one product. The following information pertains to each of the company's first three years of operations: A $ $ $ 22 14 5 A Variable costs per unit: Manufacturing: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses w 3 A $270,000 210,000 During its first year of operations, Haas produced 60,000 units and sold 60,000 units. During its second year...