Homework Answers
Answer:
- Option 4: 18%
Explanation:
- Operating profit % = operating profit / sales
- Let total sale be 100x than operating profit previously was 8X (8%)
- Now expense are reduced by 10% of sales so the profit will increase by 10X
- New operating profit =18X
- New operating profit % = 18X / 100X = 18%
Add Answer to:
DQuestion 4 0.4 pts If ABC Company decreases direct materials and direct labor from 25% of...
Question 3 1 pts maintenance, supervision are direct labor costs O True O False DQuestion 4...
Question 3 1 pts maintenance, supervision are direct labor costs O True O False DQuestion 4 2 pts materials used on a job are written on which of the following O bill of materials material requisition form production order
ABC Logistics sales are $10 million. The company spends $5 million for direct materials purchases, $2...
ABC Logistics sales are $10 million. The company spends $5 million for direct materials purchases, $2 million for direct labor purchases. Overhead is $2 million and profit is $1 million. Direct labor and direct materials vary with sales, but overhead (fixed costs) does not. The company wants to double its profit. By how much should the firm increase annual sales? By how much should the firm decrease material costs? By how much should the firm decrease labor costs?
ABC Company applies overhead to products using direct labor hours as the activity level. During 2020,...
ABC Company applies overhead to products using direct labor hours as the activity level. During 2020, ABC Company had the following estimated costs: Direct materials Direct labor ..... Advertising ....... Rent on factory building Depreciation Indirect materials Sales commissions Production supervisor's salary Insurance on factory equippent CEO's salary $258,000 255,000 35,000 36,000 60,000 43,000 50,000 59,000 24,000 95,000 The following additional information is available: 1. 30% of the depreciation relates to equipment in the administrative offices while 70% of the...
The following data are for the two products produced by Tadros Company. Direct materials Direct labor...
The following data are for the two products produced by Tadros Company. Direct materials Direct labor hours Machine hours Batches Volume Engineering modifications Number of customers Market price Product A $14 per unit 0.5 DLH per unit 0.4 MH per unit 120 batches 10,000 units 9 modifications 500 customers $36 per unit Product D $25 per unit 1.5 DLH per unit 1.1 MH per unit 240 batches 2,000 units 45 modifications 400 customers $95 per unit per unit The company's...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4, LO9-5] Sharp Company...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4, LO9-5] Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $55,650, all of which were used in the production of 3,200 units of product....
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4, LO9-5] Sharp Company...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4, LO9-5] Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $59,040, all of which were used in the production of 3,000 units of product....
The following data are for the two products produced by Tadros Company. Direct materials Direct labor...
The following data are for the two products produced by Tadros Company. Direct materials Direct labor hours Machine hours Batches Volume Engineering modifications Number of customers Market price Product A $20 per unit 0.5 DLH per unit 0.4 MH per unit 200 batches 16,000 units 14 modifications 500 customers $50 per unit Product B $30 per unit 1.5 DLH per unit 1.2 MH per unit 360 batches 3,600 units 86 modifications 400 customers $200 per unit The company's direct labor...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4 し09-5] Sharp Company...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4 し09-5] Sharp Company manufactures a product for which the following standards have been set: Standard Quantity Standard Price Standard or Hours 3 feet ? hours or Rate $5 per foot ? per hour Cost Direct materials Direct labor s 15 During March, the company purchased direct materials at a cost of $52,965, all of which were used in the production of 2,920 units of product. In addition,...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data Sharp Company manufactures a...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $57,510, all of which were used in the production of 3,125 units of product. In addition,...
ABC manufactures a product with the following: Direct materials standard 5 units at $4 per unit...
ABC manufactures a product with the following: Direct materials standard 5 units at $4 per unit Direct manufacturing labor standard 15 hours at $20 per hour During the second quarter, the company made 3,000 products and used 22,000 units of raw material costing $90,200. Direct labor totaled 70,000 hours for $1,365,000. Required: a. Compute the direct materials price and efficiency variances for the quarter. b. Compute the direct manufacturing labor price and efficiency variances for the quarter.
Question 3 1 pts maintenance, supervision are direct labor costs O True O False DQuestion 4 2 pts materials used on a job are written on which of the following O bill of materials material requisition form production order
ABC Company applies overhead to products using direct labor hours as the activity level. During 2020, ABC Company had the following estimated costs: Direct materials Direct labor ..... Advertising ....... Rent on factory building Depreciation Indirect materials Sales commissions Production supervisor's salary Insurance on factory equippent CEO's salary $258,000 255,000 35,000 36,000 60,000 43,000 50,000 59,000 24,000 95,000 The following additional information is available: 1. 30% of the depreciation relates to equipment in the administrative offices while 70% of the...
The following data are for the two products produced by Tadros Company. Direct materials Direct labor hours Machine hours Batches Volume Engineering modifications Number of customers Market price Product A $14 per unit 0.5 DLH per unit 0.4 MH per unit 120 batches 10,000 units 9 modifications 500 customers $36 per unit Product D $25 per unit 1.5 DLH per unit 1.1 MH per unit 240 batches 2,000 units 45 modifications 400 customers $95 per unit per unit The company's...
The following data are for the two products produced by Tadros Company. Direct materials Direct labor hours Machine hours Batches Volume Engineering modifications Number of customers Market price Product A $20 per unit 0.5 DLH per unit 0.4 MH per unit 200 batches 16,000 units 14 modifications 500 customers $50 per unit Product B $30 per unit 1.5 DLH per unit 1.2 MH per unit 360 batches 3,600 units 86 modifications 400 customers $200 per unit The company's direct labor...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4 し09-5] Sharp Company manufactures a product for which the following standards have been set: Standard Quantity Standard Price Standard or Hours 3 feet ? hours or Rate $5 per foot ? per hour Cost Direct materials Direct labor s 15 During March, the company purchased direct materials at a cost of $52,965, all of which were used in the production of 2,920 units of product. In addition,...
Most questions answered within 3 hours.
-
What would be the vapor pressure of water at 96°C above a
solution made by dissolving...
asked 1 minute ago -
Hydration of norbornene
Write the reaction. Discuss the intermediate. Explain how the
equilibrium in the reaction...
asked 9 minutes ago -
While Dime Community Bank is based in Brooklyn; management has
decided to focus its lending activity...
asked 7 minutes ago -
Suppose that a party wanted to enter an FRA that expires in 42
days and is...
asked 9 minutes ago -
ABC Ltd. estimated that a new store requires an initial
investment of $800,000. This new store...
asked 10 minutes ago -
1. Review the Nike’s marketing strategy. You must include the
company’s target market, possible market segmentation,...
asked 22 minutes ago -
One of the major advantages of ______________ is to enhance
security for private networks by keeping...
asked 28 minutes ago -
Book:
Title: Framework for
Marketing Management, 15th edition
Author/s: Philip T.
Kotler, Kevin Lane Keller
1....
asked 37 minutes ago -
Given Uber’s recent corporate turbulence and ongoing
initiatives, provide a holistic situational analysis of the
environment...
asked 40 minutes ago -
A sculptor has hung up a 42.0 kg horizontal rod of length 4.80 m
. One...
asked 44 minutes ago -
What is the purpose of the 2' hydroxyl group in RNA? What is
the reason this...
asked 1 hour ago -
You currently have 20,000X ethidium bromide. You want to make
250 mL of 1X ethidium bromide...
asked 1 hour ago