What would the unit selling price be ? Eco Threads Inc. produces sustainable fabric primarily sold tofashion retailers. The estimated cost to produce a meter of fabricis as follows:Direct materials: $2.10Direct labor: $0.90Variable overhead: $1.85Fixed overhead: $4.30Total production cost per unit: $9.15Additional costs:Variable selling cost per unit: $1.80Fixed administration charges: $15,000If Eco Threads Inc. prices its fabric using a markup of 140% onits variable production costs, what would the unit selling price be?

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Answered: Eco Threads Inc. produces sustainable…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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The estimated cost to make a meter of fabric is.
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Question:1 Fake Fur Company manufactures ecologically friendly fabric. Its primary customers are retailers. The estimated cost to make a meter of fabric is: Direct materials - $1.50 Direct labour - $0.70 Variable overhead - $2.05 Fixed overhead - $3.50 Total = $7.75 Variable selling costs per unit - $2.00 Fixed administration charges - $12,500 If Fake Fur Company prices its product using a mark-up of 150% of its variable production costs, what would the unit selling price be? Question:2 Your company wants to expand and it will cost $100,00. Your current sales are $1 million and your sales growth is 12%. If you expect no increase in expenses, can you expand next year? a) No, your increase in sales will not cover the expense. b) No, your expansion costs will go up. c) Yes, your increase in sales will cover the expense. d) Yes, your expansion costs will go down.
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Paxton Company can produce a component of its product that incurs the following costs per unit: please need answer the general accounting question
Ellix Company manufactures two models of ultra-high fidelity speakers—the X200 model and the X99 model. Data regarding the two products follow: Product Direct Labor-Hours Annual Production Total Direct Labor-Hours X200 0.4 DLHs per unit 17,000 units 6,800 DLHs X99 0.6 DLH per unit 40,000 units 24,000 DLHs 30,800 DLHs Additional information about the company follows: Model X200 requires $35 in direct materials per unit, and model X99 requires $24. The direct labor workers are paid $20 per hour. The company has always used direct labor-hours as the allocation base for applying manufacturing overhead cost to products. Model X200 is more complex to manufacture than model X99 and requires special equipment. Because of the special work required in (d) above, the company is considering an activity-based absorption costing that applies manufacturing overhead cost to products using three activity cost pools: Activity Cost Pool Activity Measure Estimated Total Cost…
Rosehut Olive Oil Company makes two grades of olive oil: standard and extra virgin. Rosehut has identified two activity pools, the related costs per pool, the cost driver for each pool, and the expected usage for each pool. Total Activity Cost Activity Washing, Pressing & Filtering (WPF) Bottling $ 1,550,150 $ 453,000 Additional information about each grade of olive oil is as follows: Direct Materials Costs Grade Standard Extra Virgin Sales Revenue $ 5,105,000 $ 2,150,000 Required 1 $ 900,000 $ 600,000 Required: 1. Calculate the activity rate for each activity pool. 2. Using the activity rates, determine the total amount of overhead assigned to each product. 3. Determine total manufacturing cost for each product. 4. Calculate the gross profit for each product. Required 2 Required 3 Cost Driver Washing, Pressing, and Filtering hours Number of bottles. Complete this question by entering your answers in the tabs below. Direct Labor Costs $ 375,000 $ 150,000 Required 4 Standard 45,200…
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