costs of producing the LCD monitor internally Marty Monitors Annual Production Costs for 19-inch LCD Monitor Per Unit 11,000 Units $22.00 $242,000 $12.00 $132,000 $12.00 $132,000 $165,000 $66,000 $55,000 $792,000 Direct Materials Direct Labor Variable Overhead Production Supervisor's Salary $15.00 Depreciation of LCD manufacturing equipment $6.00 Allocated Fixed Overhead $5.00 Total Cost $72.00 An external supplier has offered to provide Marty Monitors 11,000 units of the same LCD monitor per year at a price of $55 each Also consider the following information The LCD manufacturing equipment has no salvage value and has no other use aside from producing the 19-inch LCD monitors. It cannot be sold. The fixed overhead costs allocated to the LCD monitors are common to all items produced in the factory. The production supervisor will take over duties in another department if the monitors are purchased from the external supplier, if this is the case, his annual salary will drop to $148,500 from the external suppl

costs of producing the LCD monitor internally Marty Monitors Annual Production Costs for 19-inch LCD Monitor Per Unit 11,000 Units $22.00 $242,000 $12.00 $132,000 $12.00 $132,000 $165,000 $66,000 $55,000 $792,000 Direct Materials Direct Labor Variable Overhead Production Supervisor's Salary $15.00 Depreciation of LCD manufacturing equipment $6.00 Allocated Fixed Overhead $5.00 Total Cost $72.00 An external supplier has offered to provide Marty Monitors 11,000 units of the same LCD monitor per year at a price of $55 each Also consider the following information The LCD manufacturing equipment has no salvage value and has no other use aside from producing the 19-inch LCD monitors. It cannot be sold. The fixed overhead costs allocated to the LCD monitors are common to all items produced in the factory. The production supervisor will take over duties in another department if the monitors are purchased from the external supplier, if this is the case, his annual salary will drop to $148,500 from the external suppl

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Please do not give solution in image format thanku
Provide table
Answer question D
Cost of Services Sold Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Direct materials Direct labor Variable overhead Fixed overhead ? $472,500 15,000 18,000 Next year, HHH expects to purchase $25,600 of direct materials. Projected beginning and ending inventories for direct materials are as follows: Direct Materials Inventory Required: Beginning $4,000 2,600 Ending There is no work-in-process inventory and no finished goods inventory; in other words, a cleaning is started and completed on the same day. 1. Prepare a statement of cost of services sold in good form. If an amount is zero, enter "0". Happy Home Helpers, Inc. Statement of Cost of Services Sold For the Coming Year 2. How does this cost of services sold…
Please do not give solution in image format thanku s
Please don't provide answer in image format thank you