A Stone Age Surfboards Data Department Graystone Fabrication 2.5 Finishing 2 Profit/Unit $40.00 10 11 12 Model 13 Graystone Lava 14 Quantity Produced 15 Fabrication 16 Finishing 17 18 19 Market Mixture 20 21 22 Profit Contribution What is the quantity of Graystone surfboards produced? 7 1 2 3 4 5 6 7 8 9 10 2 5 B C Product Lava 4.2 3.6 $60.00 D Limitations (hours) 74 30 Hours Used Excess Lava Total Profit

A Stone Age Surfboards Data Department Graystone Fabrication 2.5 Finishing 2 Profit/Unit $40.00 10 11 12 Model 13 Graystone Lava 14 Quantity Produced 15 Fabrication 16 Finishing 17 18 19 Market Mixture 20 21 22 Profit Contribution What is the quantity of Graystone surfboards produced? 7 1 2 3 4 5 6 7 8 9 10 2 5 B C Product Lava 4.2 3.6 $60.00 D Limitations (hours) 74 30 Hours Used Excess Lava Total Profit

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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Question 15 of 20 Moving to another question will save this response. Question 15 The estimated unit costs for a company to produce and sell a product at a level of 12,000 units per month are as follows: Cost Item EstimatedUnit Cost Direct material $ 32 Direct labor 20 Variable manufacturing overhead 15 Fixed manufacturing overhead 6 Variable selling expenses 3 Fixed selling expenses 4 What are the estimated prime costs per unit? $73 $52 $67 $32
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I. Activity Costs Caused by Suppliers (testing failures and reordering as a result) Activity Costs Testing components $1,200,000 Reordering components 300,000 II. Supplier Data Alpha Electronics La Paz Company 125X 30Y 125X 30Y Unit purchase price $10 $26 $12 $28 Units purchased 120,000 81,700 15,000 15,000 Failed tests 1,300 780 10 10 Number of reorders 60 40 0 0 Required: Determine the cost of each supplier by using ABC. Round Test and Reorder rates to the nearest dollar, and final answers to the nearest cent. Alpha Electronics La Paz Company 125X 30Y 125X 30Y Unit cost: $fill in the blank $fill in the blank $fill in the blank $fill in the blank
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QUESTION Valencia Manufacturing Company manufactures and sols musical aadgets The business ened Operating Income of $220.p00 in 2018 when sellng picn per unit was $200, and the president of Valencia 1s under pressure to increase operating income in 2018. Data for varjable cost per unit and total fixed costs were as follows Variable expenses per unt Direct Material Direct Labour Variable Manutacturrg Overmead $40 $32 $18=T0 Faed expenses: Fled Manufacturing Overhead Fired Seling Costs Fixed Administrative Costs $190 000 $115,000 $135.000440 CD Required: (a) Using the equation method, calulate the number ef units sold in 2018. Given the sales units calculated in Part (a), prepare a contribution margin income statement for the year ended December 31, 2018. detaling the composition of total fed costs and clearty showing contribution and net income (ef Calculate Valencia's break-even paint in units and in sales dellars (d) Calculate the marain of safety in units and in sales dollars The…
mabled: Exam 5 Saved Assume a company manufactures many products, one of which normally sells for $48 per unit. The company's accounting syster cost for this product: Direct materials Direct labor Manufacturing overhead Total cost Per Unit $ 18 12 10 $ 40 The company estimates that $3 of its manufacturing overhead varies with respect to the number of units produced. The remainder unaffected by the volume of units produced within the relevant range. A customer has approached the company with an offer to buy 300 units of a customized version of the product mentioned above f this order using existing manufacturing capacity. To accommodate the customer's desired product design, the company would incu per unit of $3. It would also have to buy a special tool for $580 that has no other use or resale value after the special order is compl this order will not have any effect on sales to other customers, what is the financial advantage (disadvantage) of accepting the speci Multiple Choice $(300)…
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PROBLEM S-20 CVP Applications: Break Even Analysis; Cost Structure: Target Safes LOS-1, LOS-3. LOS-4, LOS-S, LOS-6, LOS-8 Northwood Company manufactures basketballs. The company has a ball that sells for $25. Al present, the ball is manufactured in a small plant that relies heavily on direct labor workers. T, variable expenses are high, totaling $15 per ball, of which 60% is direct labor cost. Last the company sold 30,000 of these balls, with the following results: year, $750,000 450,000 Sales (30,000 balls) Variable expenses. 300,000 210.000 Contribution margin Fixed expenses $ 90.000 Net operating income. Required: 1. Compute (a) last year's CM ratio and the break-even point in balls, and (b) the degree of oper ating leverage at last year's sales level. 2. Due to an increase in labor rates, the company estimates that next year's variable expenses will increase by $3 per ball. If this change takes place and the selling price per ball remains constant at $25, what will be next year's…
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Eercise 1 CVP Relationships high electromagnetic radiation environments. Kelter Company manufactures and sells a specialized cordless telephone contribution format income statement for the most recent year is grven L Exurcises CVP Relationships The companys ur helow Total Per Unit % of Sales Sales (20,000 units) Less: Variable expenses Contribution margin Less Fixed expenses P1,200,000 P60 100% 900,000 45 P 300,000 15 240,000 Net operating income P 60,000 Management is anxious to improve the company's profit performance and has asked for an analysis of a number of items.