11. Connolly Company produces two types of lamps, classic and fancy, with unit contributionmargins of $13 and $21, respectively. Each lamp must spend time on a special machine. Thefirm owns four machines that together provide 18,000 hours of machine time per year. Theclassic lamp requires 0.20 hours of machine time, the fancy lamp requires 0.50 hours of machinetime.What is the contribution margin per hour of machine time for a classic lamp? *$104$26$16$65$13

Contribution margin per hour of machine time = Contribution margin per unit / No. of machine…

Answered: 11. Connolly Company produces two types…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Muscat Inc. has been manufacturing its own Camera for its Mobile Phone. The company is currently operating at 100% of capacity. Variable manufacturing overhead cost is OMR 3 per unit. The direct materials and direct labor cost per unit to make the camera are OMR 4 and OMR 6, respectively, fixed cost is OMR 50,000. Normal production is 50,000 Mobile Phone per year. A supplier offers to make the Cameras at a price of OMR 13.50 per unit. If Muscat accepts the supplier's offer; all variable manufacturing costs will be eliminated, but the OMR 50,000 of fixed manufacturing overhead currently being charged to the Cameras will have to be absorbed by other products. what will be the effect on net income? if the productive capacity released by not making the Cameras could be used to produce income of R.O. 40,000 Select one: O a. OMR 15,000 increase O b. None of the answers are correct Oc.OMR 25,000 decrease O d. OMR 15,000 decrease e. OMR 725,000 increase
I need an answer for number 2, please, thank you!
Dineshkaka
Black pens produces 12,000 units of gel pen T50 annually at a total cost of 270,000 Direct materials 51,000 Direct labor 75,000 Variable overhead 65,000 Fixed overhead 90,000 Total 281,000 Classic pens has offered to supply 12,000 units of T50 per year for 20 per unit. If Black pens accepts the offer, 5 per unit of the fixed overhead would be saved. In addition, some of Black pens facilities could be rented to a third party for 23,000 per year. What are the relevant costs for the "make" alternative?
Kent Co. manufactures a product that sells for $57.00 and has variable costs of $34.00 per unit. Fixed costs are $253,000. Kent can buy a new production machine that will increase fixed costs by $24,200 per year, but will decrease variable costs by $5.00 per unit. Compute the contribution margin per unit if the machine is purchased.
Given problem: A company is going to buy a new machine for manufacturing its product. Four different machines are available. Money is worth 17% before taxes to the company. Using the annual cost method, what is the total annual cost of machine C?
I need an answer for number 1, please, thank you!
A mill producing steel plate has fixed costs of $100,000 per week and variable costs of $0.09 per pound of steel plate produced. If the steel plate sells for $0.77 per pound, how many pounds must be produced each week for the plant to breakeven? Express your answer in pounds to the nearest 1,000 pounds.
23.AA Mouse, Inc. makes a special mouse for computers. Each mouse sells for Php 25 and annual production and sales are as 120,000 units. Cost of each mouse are as follows: Direct Material Php6.00, Direct Labor 3.00, Variable Overhead 0.80, Variable Selling expenses Php 2.2, and Total Fixed Overhead Cost Php 589,550.00. Calculate the unit contribution margin in pesos. 24.Based on the facts of AA Mouse, Inc. What is the contribution margin ratio for the product? 25.Based on the facts of AA Mouse, Inc. How many mice must the company sell if it desires to earn Php 996,450 in before-tax profits?
Blue Spruce Tech produces 60,000 iPhone adapters with the following costs:

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