Homework Answers
18.
Variable cost per hour = (Highest activity cost - Lowest activity cost)/(Highest activity - Lowest activity)
= (6,400 - 4,800)/(2,900 - 2,100)
= 1,600/800
= $2 per machine hour
Correct option is (a)
19.
Total contribution margin = Sales - Total variable costs
= 2,000,000 - 700,000
= $1,300,000
Unit contribution margin = Total contribution margin/Number of units
= 1,300,000/200,000
= $6.5
Correct option is (d)
20.
Break even sales dollars = Fixed costs/Contribution margin ratio
= 240,000/20%
= $1,200,000
Correct option is (b)
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18. Portman Company's activity for the first thi January February March Machine Hours e first three...
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do problem 1
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do problem 1
d. $288,000. 100,000 Contribution margin ratio of 20%. The boom Section 2 Problems: (20 points each): GODE OS Problem # 1 Hayward Industries manufactures dinin award Industries manufactures dining chairs and tables. The following information is available: mot Dining Chairs Tables Total Costa Machine setups 200 600 250 $48,000 Inspections 470 2,600 27 $72,000 Labor hours 2,400 Hayward is considering switching from one ove costing. ing from one overhead rate based on labor hours to activity-based Instructions...
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Park Printers operates a printing press with a monthly
capacity of 3,200 machine-hours. Park has two main customers: Scott
Corporation and Margaret Corporation. Data in each customer for
Januray are:
Margaret Corporation indicates that it wants Park to
do an additional $112,000 worth if printing jobs during February.
These jobs are identical to the existing business Park did for
Maragret in January in terms of variable costs and machine-hours
required. Patk anticipates that the business from Scott Corporation
in February...
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours Estimated variable manufacturing overhead Estimated total fixed manufacturing overhead 72,200 $ 3.10 per machine-hour $838,750 The predetermined overhead rate for the recently completed year was closest to: Multiple Choice $8.61 per machine-hour $679 per machine-hour $9.30 per machine-hour $1472 per machine-hour Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based...
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