ABC Manufacturing currently produces 2,000 glasses per month. The following per unit data applyfor sales to regular customers and is based on 1,000 units produced.Direct materials$200Direct manufacturing labor$40Variable manufacturing overhead $80Fixed manufacturing overhead$50Total manufacturing costs $350What is the total cost of producing 2,000 glasses?Instructions: Input your answer without using a dollar sign, comma or cents. For example, if your answeris 10000, input your answer as 10000 (and NOT $10000, or $10,000 or 10,000.00 or $10,000.00)

The fixed costs are the cost that generally does not change when there is a change in the level of…

Answered: ABC Manufacturing currently produces…

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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Fruit Computer Corporation makes custom fruit shaped computers. It is currently producing 60 computers per month. Data are as follows: Sales price per unit $800 Variable cost per unit 600 Fixed costs per month 5600 If Fruit Computer Corporation expects to sell 50 units per month, how much is its margin of safety expressed in sales revenue? O $22,400 O $13,200 O $17,600 O $40,000
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I will provide the question and answer but I need an explanation on how to get the answers. There are 4 answers (below) and the chart should be attached. Solve the problem. Round dollar amounts to the nearest dollar. Westminster Office Machines allocates its overhead of $1,487,304 by the sales of each product. Find the overhead for each department. List your answers if the order of the table. ($423,696, $458,304, $222,684, $382,620)
How can I resolve this problem? Marwick’s Pianos, Inc., purchases pianos from a large manufacturer for an average cost of $1,481 per unit and then sells them to retail customers for an average price of $3,400 each. The company’s selling and administrative costs for a typical month are presented below: Costs Cost Formula Selling: Advertising $ 930 per month Sales salaries and commissions $ 4,803 per month, plus 4% of sales Delivery of pianos to customers $ 63 per piano sold Utilities $ 649 per month Depreciation of sales facilities $ 4,913 per month Administrative: Executive salaries $ 13,575 per month Insurance $ 711 per month Clerical $ 2,516 per month, plus $37 per piano sold Depreciation of office equipment $ 885 per month During August, Marwick’s Pianos, Inc., sold and delivered 63 pianos. Required: 1. Prepare a traditional format income statement for August.2. Prepare a contribution format income statement for August. Show costs and…
Jenny's Pottery Store is a small retail company that has the following information pertaining to current year operations. Sales (2,500 fruit bowls) Cost of goods sold Manager's salary allocation Rent cost allocation Advertising Commissions (10% of sales) What are the estimated total costs if Jenny's expects to sell 3,000 units next year? A) $86,700 B) $98,700 C) $76,700 D) $88,700 $100,000 45,000 20,000 700 2,000 10,000 E) $84,240
You place an order for 1,100 units of Good X at a unit price of $48. The supplier offers terms of 3/30, net 40. How many days’ credit are you receiving? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
PLEASE MAKE IT IN EXCEL AND SHOW THE FORMULAS Comercial El Alacrán, S.A., purchases 200,000 units per year of the only product it sells. The cost of each order is $35.00. The annual unit maintenance cost is 23% of its cost of $8.00. The supplier currently takes 5.5 days to deliver, and the company sorts and stores it in 3 days. The company makes significant efforts to shorten these lead times. If it manages to reduce, through an agreement with the supplier, its delivery time to 3.5 days and to do the sorting in 1.5 days, how many units does the decrease in the reorder point amount to?
Bakeryco sells cakes and croissants. Its only constraint is total employee work hours of 300 per week. SFco would like to order 1240 croissants and pay $5.30 each for them. Given the information below, should Bakeryco take SFco’s order? Cakes Croissants Usual Price $32 $6.50 VC $18.50 $1.95 Time required to make 90 minutes 3 minutes Current sales volume 123 per week 2,120 per week
Vijay

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