33 Bruce Corporation makes four products in a single facility. These products have the following unit product costs:ProductsC DDirect materials$14.00 $ 9.90 $10.70 $10.30Direct labor19.1027.10 33.3040.104.002.402.302.90Variable manufacturing overhead26.2034.50 26.3036.90Fixed manufacturing overheadUnit product cost$63.30 $73.90 $72.60 $90.20Additional data concerning these products are listed below.ProductsA5.004.003.10Grinding minutes per unitSelling price per unitVariable selling cost per unitMonthly demand in units3.50$75.80 $93.20 $87.10 $103.90$ 1.90 $ 0.90 $ 3.00 $ 1.302,7003,7003,7002,900The grinding machines are potentially the constraint in the production facility. A total of 53,400 minutes are available per month on these machines.Direct labor is a variable cost in this company.How many minutes of grinding machine time would be required to satisfy demand for all four products? ProductsВDGrinding minutes per unitSelling price per unitVariable selling cost per unit3.505.004.003.10$75.80 $93.20 $87.10 $103.90$ 1.90 $ 0.90 $ 3.00 $1.30Monthly demand in units3,700 3,700 2,7002,900The grinding machines are potentially the constraint in the production facility. A total of 53,400 minutes are available per month on these machines.Direct labor is a variable cost in this company.How many minutes of grinding machine time would be required to satisfy demand for all four products?Multiple Choice53.40010,90038.29051,240

The following details are mentioned in the question above: A B C D Monthly demand…

Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products D Direct materials $14.00 $ 9.90 $10.70 $10.30 Direct labor 19.10 27.10 33.30 40.10 2.30 2.90 Variable manufacturing overhead Fixed manufacturing overhead Unit product cost 4.00 2.40 26.20 34.50 26.30 36.90 $63.30 $73.90 $72.60 $90.20

Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products D Direct materials $14.00 $ 9.90 $10.70 $10.30 Direct labor 19.10 27.10 33.30 40.10 2.30 2.90 Variable manufacturing overhead Fixed manufacturing overhead Unit product cost 4.00 2.40 26.20 34.50 26.30 36.90 $63.30 $73.90 $72.60 $90.20

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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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Bruce Corporation makes four products in a single facility. These products have the following unit product costs:
Products
C D
Direct materials
$14.00 $ 9.90 $10.70 $10.30
Direct labor
19.10
27.10 33.30
40.10
4.00
2.40
2.30
2.90
Variable manufacturing overhead
26.20
34.50 26.30
36.90
Fixed manufacturing overhead
Unit product cost
$63.30 $73.90 $72.60 $90.20
Additional data concerning these products are listed below.
Products
A
5.00
4.00
3.10
Grinding minutes per unit
Selling price per unit
Variable selling cost per unit
Monthly demand in units
3.50
$75.80 $93.20 $87.10 $103.90
$ 1.90 $ 0.90 $ 3.00 $ 1.30
2,700
3,700
3,700
2,900
The grinding machines are potentially the constraint in the production facility. A total of 53,400 minutes are available per month on these machines.
Direct labor is a variable cost in this company.
How many minutes of grinding machine time would be required to satisfy demand for all four products?

Products
В
D
Grinding minutes per unit
Selling price per unit
Variable selling cost per unit
3.50
5.00
4.00
3.10
$75.80 $93.20 $87.10 $103.90
$ 1.90 $ 0.90 $ 3.00 $
1.30
Monthly demand in units
3,700 3,700 2,700
2,900
The grinding machines are potentially the constraint in the production facility. A total of 53,400 minutes are available per month on these machines.
Direct labor is a variable cost in this company.
How many minutes of grinding machine time would be required to satisfy demand for all four products?
Multiple Choice
53.400
10,900
38.290
51,240

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