DIM Manufacturing provides the following data: . Variable production costs: $500,000 Variable selling and administrative (S&A) costs: $60,000 . Fixed S&A costs: $110,000 Fixed production costs: $280,000 . Unit sales price: $10 . Units produced: 100,000 . Units sold: 90,000 Under full costing, what is the value of the ending inventory?
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- The profit function for two products is: Profit3x12+42x13x22+48x2+700, where x1 represents units of production of product 1, and x2 represents units of production of product 2. Producing one unit of product 1 requires 4 labor-hours, and producing one unit of product 2 requires 6 labor-hours. Currently, 24 labor-hours are available. The cost of labor-hours is already factored into the profit function, but it is possible to schedule overtime at a premium of 5 per hour. a. Formulate an optimization problem that can be used to find the optimal production quantity of products 1 and 2 and the optimal number of overtime hours to schedule. b. Solve the optimization model you formulated in part (a). How much should be produced and how many overtime hours should be scheduled?Alpha Company’s Manager is considering selling price for product C.The company is using Absortion Costing in determining the total cost for each product.From the financial perspective, the company is planned to operate with cost:Production Expence Rp 3.000.000.000Administration Expense 200.000.000Marketing Expense 300.000.000The predicted total asset in the beginning year is Rp 4.000.000.000, and the return ofinvestment (ROI) is 25%Determine the mark up percentage for product C in Alpha Company using Cost-PlusPricing Method and Absortion Costing! From the results of the mark up percentage for product C in question above, determinethe selling price per kg using the Cost-Plus Pricing method based on the AbsortionCosting Approach and the company's normal capacity for product C of 1,000,000 kg!Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $86 per unit, and fixed manufacturing costs are $193,200. Sales are estimated to be 6,900 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 6,900 units and a plan to produce 9,200 units? X b. How much would variable costing operating income differ between the two production plans? ✓
- Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $101 per unit, and fixed manufacturing costs are $128,700. Sales are estimated to be 7,800 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 7,800 units and a plan to produce 9,900 units? b. How much would variable costing operating income differ between the two production plans? $ 0Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $99 per unit, and fixed manufacturing costs are $215,600. Sales are estimated to be 7,700 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 7,700 units ard a plan to produce 9,800 units? b. How much would variable costing operating income differ between the two production plans? 0 Feedback Check My Work a. Remember that under variable costing, regardless of whether 7,700 units or 9,800 units are manufactured, no fixed manufacturing costs are allocated to the units manufactured. Instead, all fixed manufacturing costs are treated as a period expense. Therefore the change in units times the per unit fixed costs for the greater production level is the difference in income between the two costing methods. b. Remember that since all…Alba Company is considering the introduction of a new product. To determine the selling price of this product, you have gathered the following information: • Direct material cost per unit Direct labor cost per unit • Variable manufacturing cost per unit Total fixed manufacturing costs.. • Variable selling and administration cost per unit Total fixed selling and administration costs.. .$3,000 .$2,250 ..S1,000 .S1,750,000 ..$1,250 .$550,000 If the company requires a rate of return 18% on its investments and $6,000,000 investments are needed. The total direct materials to be used in the production is $3,000,000. Required: 1. If the company uses absorption costing approach to cost-plus pricing, compute: a. The unit product cost. b. The markup percentage. c. The selling price per unit. 2. Assume that the company is considering the introduction of other new product. If the target-selling price per unit is $5,500 and the company investing $5,000,000 to purchase equipment needed produce 500…
- Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $85 per unit, and fixed manufacturing costs are $125,400. Sales are estimated to be 5,500 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 5,500 units and a plan to produce 6,600 units? b. How much would variable costing operating income differ between the two production plans? Feedbacki) the marginal revenue function for a company's product is MR = 40,000 - 4x ii) where x equals the number of units sold. if total revenue equal 0 when no units are sold, determine the total revenue function for the product. The function describing the marginal cost ( in dollars ) for producting a product is MC =8x +800 When x equals the number of units produced. it is known that cost equals $80,000 when 40 units are produced. determine the total cost function. iii) the function describing the marginal profit from producing and selling a product is MP = -6x + 450 when x equals the number of units and MP is the marginal profit measured in dollars. when 100 units are produced and sold, total profit equals $5000. determine the total profit function. iv) the functions describing the marginal profit from producing and selling a product is…Could you help solve this question:
- Evaluate the quantity at which revenue equals to costs (break-even point). <use Goal seek> Assumptions: Fixed cost: 5000 Material costs per item: 2.25 Labor costs per item: 6.5 Shipping costs per 100 items: 200 Price per item: 12.99Jerome Company has manufactured a product and has provided you the following relevant range of 30,000 to 50,000 units produced and sold annually: Units produced and sold 30000 40000 50000 Particulars Units Units Units Total Costs: Variable Costs $ 180,000 S 300,000 $ 480,000 ? ? Fixed Costs ? ? Total Costs ? ? Costs per Unit: Variable cost ? ? ? Fixed cost ? ? ? Total cost per unit: You are required to calculate net operating income if the company produces and sells 45,000 units during the year at a selling price of $16 per unit. a. Net income for the year is $250,000 b. Net income for the year is $150,000 c. Net income for the year is $175,000 d. Net income for the year is $215,0001. What would be the gross margin for FPD if it accepted the transfer price that will be charged by CD?