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4. (15 pts) A cratsman builds two kinds of birdhouses, one for wrens and one bluebirds. Each wren birdhouse takes fo...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $14.90 per house, and its fixed costs total $13,314.50 per year. Hawk currently has the capacity to produce up to 2,700 birdhouses per year, so its relevant range is O to 2,700 houses. points Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,260 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $13.40 per house, and its fixed costs total $14,688.00 per year. Hawk currently has the capacity to produce up to 2.400 birdhouses per year, so its relevant range is Oto 2.400 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1.210 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin of the company breaks...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $14.90 per house, and its fixed costs total $13,494.00 per year. Hawk currently has the capacity to produce up to 2,800 birdhouses per year, so its relevant range is Oto 2,800 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,260 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.00 each. Its variable...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.00 each. Its variable cost is $14.10 per house, and its fixed costs total $13,864.80 per year. Hawk currently has the capacity to produce up to 2,900 birdhouses per year, so its relevant range is Oto 2,900 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,110 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $13.60 per house, and its fixed costs total $14,483.30 per year. Hawk currently has the capacity to produce up to 2,600 birdhouses per year, so its relevant range is 0 to 2,600 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,220 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company...
Hawk Homes, Inc., makes one type of birdhouse that It sells for $31.30 each. Its varlable...
Hawk Homes, Inc., makes one type of birdhouse that It sells for $31.30 each. Its varlable cost is $15.00 per house, and its fixed costs total $14,229.90 per year. Hawk currently has the capacity to produce up to 2,500 birdhouses per year, so its relevant range is O to 2,500 houses. Required: 1. Prepare a contri bution margin income statement for Hawk assuming it sells 1,250 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the...
The Toys-R-4-U Company has developed two new toys for possible inclusion in its product line for...
The Toys-R-4-U Company has developed two new toys for possible inclusion in its product line for the upcoming Christmas season. Setting up the production facilities to begin production would cost $50,000 for toy 1 and $80,000 for toy 2. The toys would generate a unit profit of $10 for toy 1 and $15 for toy 2. The company has two factories that are capable of producing these toys. However, to avoid doubling the start-up costs, just one factory would be...
7.1) Billy Idell is trying to determine how many units of two types of lawn mowers to produce each day. One of the...
7.1) Billy Idell is trying to determine how many units of two types of lawn mowers to produce each day. One of these is the Standard model, while the other is the Deluxe model. The profit per unit on the Standard model is $60, while the profit per unit on the Deluxe model is $40. The Standard model requires 20 minutes of assembly time, while the Deluxe model requires 35 minutes of assembly time. The Standard model requires 10 minutes...
Question 6 1 pts Assume a firm has a book value of assets equal to two...
Question 6 1 pts Assume a firm has a book value of assets equal to two times the book value of owner’s equity. Sales are ten times owner’s equity. The profit margin is two percent. What is the firm’s ROA? four percent five percent eight percent ten percent twenty percent Question 7 1 pts You need $2,000 to buy a new stereo for your car. If you have $800 to invest at 5% compounded annually, how long will you have...
Problem One: Variance Analysis The Graves Manufacturing Company's costing system has two direct-cost categories: direct materials...
Problem One: Variance Analysis The Graves Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2017, the controller adopted the following standards for its manufacturing costs: 5 lb. at $5 per lb. 3 hrs. at $15 per hr. Direct materials Direct manufacturing labor Manufacturing overhead: Variable Fixed $7 per DLH $8 per...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $14.90 per house, and its fixed costs total $13,314.50 per year. Hawk currently has the capacity to produce up to 2,700 birdhouses per year, so its relevant range is O to 2,700 houses. points Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,260 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.40 each. Its variable cost is $13.40 per house, and its fixed costs total $14,688.00 per year. Hawk currently has the capacity to produce up to 2.400 birdhouses per year, so its relevant range is Oto 2.400 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1.210 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin of the company breaks...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $14.90 per house, and its fixed costs total $13,494.00 per year. Hawk currently has the capacity to produce up to 2,800 birdhouses per year, so its relevant range is Oto 2,800 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,260 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.00 each. Its variable cost is $14.10 per house, and its fixed costs total $13,864.80 per year. Hawk currently has the capacity to produce up to 2,900 birdhouses per year, so its relevant range is Oto 2,900 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,110 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks...
Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $13.60 per house, and its fixed costs total $14,483.30 per year. Hawk currently has the capacity to produce up to 2,600 birdhouses per year, so its relevant range is 0 to 2,600 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,220 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company...
Hawk Homes, Inc., makes one type of birdhouse that It sells for $31.30 each. Its varlable cost is $15.00 per house, and its fixed costs total $14,229.90 per year. Hawk currently has the capacity to produce up to 2,500 birdhouses per year, so its relevant range is O to 2,500 houses. Required: 1. Prepare a contri bution margin income statement for Hawk assuming it sells 1,250 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the...
7.1) Billy Idell is trying to determine how many units of two types of lawn mowers to produce each day. One of these is the Standard model, while the other is the Deluxe model. The profit per unit on the Standard model is $60, while the profit per unit on the Deluxe model is $40. The Standard model requires 20 minutes of assembly time, while the Deluxe model requires 35 minutes of assembly time. The Standard model requires 10 minutes...
Problem One: Variance Analysis The Graves Manufacturing Company's costing system has two direct-cost categories: direct materials and direct manufacturing labor. Manufacturing overhead (both variable and fixed) is allocated to products on the basis of standard direct manufacturing labor-hours (DLH). At the beginning of 2017, the controller adopted the following standards for its manufacturing costs: 5 lb. at $5 per lb. 3 hrs. at $15 per hr. Direct materials Direct manufacturing labor Manufacturing overhead: Variable Fixed $7 per DLH $8 per...
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