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3. Production costs for manufacturing running shoes consist of a fixed overhead of $650,000 plus variable costs of $20 per pair of shoes. Each pair of shoes sells for $70. (a) Find the total cost...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
Shoes sells sandals for $21 a pair. There fixed cost are $125,000 and variable cost of...
Shoes sells sandals for $21 a pair. There fixed cost are $125,000 and variable cost of $10 a pair. a) How many pairs of sandals must Gum Shoes sell to breakeven? b) What is sales in dollars at breakeven? c) What is Gum Shoes net income if it sold 26,500 pairs of sandals?
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes...
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 1 TL premium to sales person and 1 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs are...
K-Too Everwear Corporation can manufacture mountain climbing shoes for $18.9 per pair In variable raw material...
K-Too Everwear Corporation can manufacture mountain climbing shoes for $18.9 per pair In variable raw material costs and $19.07 per pair in variable labor expense. The shoes sell for $145 per pair. Last year, production was 130,000 pairs. Fixed costs were $780,000. a. What were total production costs? b. What is the marginal cost per pair? c. What is the average cost? d. If the company is considering a one-time order for an extra 10,000 pairs, what is the minimum...
5. Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap...
5. Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 2 TL premium to sales person and 2 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs...
Average Cost per Unit Direct Materials $12 Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing...
Average Cost per Unit Direct Materials $12 Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales commissions E. IF 19,000 units are produced, what are the total manufacturing overhead costs incurred? Total manufacturing overhead costs $ F. If 24,000 units are produced, what are the total manufacturing overhead costs incurred? Total manufacturing overhead costs $ G. If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If required,...
2. Sleepwalking Inc., manufactures and sells bunny slippers. The fabric cost per pair is $ 11.5,...
2. Sleepwalking Inc., manufactures and sells bunny slippers. The fabric cost per pair is $ 11.5, and each pair requires 12 minutes of direct labor to produce with the hourly direct labor cost being $ 12. The variable manufacturing overhead cost to produce each pair is $ 0.50. The total fixed manufacturing overhead cost is made up of factory rent $ 240,000. each year and equipment depreciation of $ 60,000. The budgeted production is 10,000 pairs a year. Sleepwalking sells...
how to solve 5678？ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling...
how to solve 5678？
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense A-ount per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and...
XYZ Inc. sells a single product for $10 per unit. Variable production costs are $6 per unit. Fixed overhead costs amount...
XYZ Inc. sells a single product for $10 per unit. Variable production costs are $6 per unit. Fixed overhead costs amount $10,000 per month. Variable selling costs are $1 per unit. Fixed selling costs are $5,000 per month. Last month, the company produced 10,000 units and sold 8,000 units. What was XYZ's net income last month?
Mercuri Company has gathered the following information: Variable manufacturing overhead costs $13,680 Fixed manufacturing overhead costs...
Mercuri Company has gathered the following information:
Variable manufacturing overhead costs
$13,680
Fixed manufacturing overhead costs
$10,710
Normal production level in labour hours
9,000
Standard labour hours
9,500
During the year, 3,050 units were produced, 10,900 hours were
worked, and the actual manufacturing overhead was $21,800. Actual
fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Calculate the total, fixed, and variable predetermined overhead
rates.(Round answers to 2 decimal places, e.g.
15.25.)
Fixed predetermined ovehead rate
$...
Arctic Company sells pairs of shoes for $142 each. The variable costs per pair of shoes are $47 and the fixed costs per week are $6.193. a. Calculate the number of pairs of shoes that need to be sold every week to break even. Round up to the next whole number b. If 77 pairs of shoes were sold, calculate the net income in a week. (If the net income represents a loss, express your answer as a negative dollar...
Shoes sells sandals for $21 a pair. There fixed cost are $125,000 and variable cost of $10 a pair. a) How many pairs of sandals must Gum Shoes sell to breakeven? b) What is sales in dollars at breakeven? c) What is Gum Shoes net income if it sold 26,500 pairs of sandals?
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 1 TL premium to sales person and 1 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs are...
K-Too Everwear Corporation can manufacture mountain climbing shoes for $18.9 per pair In variable raw material costs and $19.07 per pair in variable labor expense. The shoes sell for $145 per pair. Last year, production was 130,000 pairs. Fixed costs were $780,000. a. What were total production costs? b. What is the marginal cost per pair? c. What is the average cost? d. If the company is considering a one-time order for an extra 10,000 pairs, what is the minimum...
5. Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 2 TL premium to sales person and 2 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs...
Average Cost per Unit Direct Materials $12 Direct Labor Indirect Materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales commissions E. IF 19,000 units are produced, what are the total manufacturing overhead costs incurred? Total manufacturing overhead costs $ F. If 24,000 units are produced, what are the total manufacturing overhead costs incurred? Total manufacturing overhead costs $ G. If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If required,...
2. Sleepwalking Inc., manufactures and sells bunny slippers. The fabric cost per pair is $ 11.5, and each pair requires 12 minutes of direct labor to produce with the hourly direct labor cost being $ 12. The variable manufacturing overhead cost to produce each pair is $ 0.50. The total fixed manufacturing overhead cost is made up of factory rent $ 240,000. each year and equipment depreciation of $ 60,000. The budgeted production is 10,000 pairs a year. Sleepwalking sells...
how to solve 5678？
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense A-ount per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and...
Mercuri Company has gathered the following information:
Variable manufacturing overhead costs
$13,680
Fixed manufacturing overhead costs
$10,710
Normal production level in labour hours
9,000
Standard labour hours
9,500
During the year, 3,050 units were produced, 10,900 hours were
worked, and the actual manufacturing overhead was $21,800. Actual
fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Calculate the total, fixed, and variable predetermined overhead
rates.(Round answers to 2 decimal places, e.g.
15.25.)
Fixed predetermined ovehead rate
$...
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