For the year, the estimated production of Product Y is 620,000 units. Total estimated costs: Materials Cost = $1,480,000 Labor Cost $1,860,000 = (a) The standard cost per unit (b) The budgeted cost
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- A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000Compute the dollar amount of Direct Material "A" to be used in production during the year, given the following info: Budgeted Sales for the year = 640,000 units Estimated Beg. Inventory = 108,000 units Desired End. Inventory = 90,000 units The Quantities of Direct Materials expected to be used for each Unit of finished product are as follows: Material A = 0.5 lb. per unit @ $0.60 per lb. Material B 1.0 lb. per unit @ $1.70 per lb. Material C= 1.2 lb. per unit @ $1.00 per lb. O $186,600.00 $210,600.00 O$181,200.00 $240,000.00K Base Machinery showed the following operating budget for the next year. Complete parts (a) through (d) below Each scenario is independent Sales $2,400,000 Fixed cost Total variable cost Total cost Net income $1,200,000 760,000 1,960,000 $440,000 (a) Calculate the contribution margin and contribution rate. The contribution margin is $ (Round to the nearest dollar as needed.) ma
- The next year's budget for Green, Inc., a multi-product company, is given below: Product A Product B Sales $2,129,400 $1,526,850 Variable costs $928,200 $596,700 Fixed costs $530,000 $530,000 Net income $671,200 $400,150 Units 273,000 117,000 At the end of the year, the total fixed costs and the variable costs per unit were exactly as budgeted, but the following units per product line were sold. Green analyzes the effects its sales variances have on the profitability of the company. Product lines Units Sales A 273,930 $208,186 B 123,070 $163,683 What is the total sales mix variance?Gulf States Manufacturing has the following data from year 1 operations, which are to be used for developing year 2 budget estimates: Sales revenues (37,500 units) $ 2,500,000 Manufacturing costs Materials $ 400,000 Variable cash costs 545,000 Fixed cash costs 216,000 Depreciation (fixed) 267,000 Marketing and administrative costs Marketing (variable, cash) 285,000 Marketing depreciation 67,800 Administrative (fixed, cash) 270,300 Administrative depreciation 25,200 Total costs $ 2,076,300 Operating profits $ 423,700 All depreciation charges are fixed. Old manufacturing equipment with an annual depreciation charge of $29,100 will be replaced in year 2 with new equipment that will incur an annual depreciation charge of $42,000. Sales volume and prices are expected to increase by 8 percent and 3 percent, respectively. On a per-unit basis, expectations are that materials costs will increase by 6 percent and variable…Wilde Corporation budgeted the following costs for the production of its one and only product for the next fiscal year: Direct materials $1,140,000 Direct labor 795,000 Manufacturing overhead Variable 840,000 Fixed 700,000 Selling and administrative Variable 360,000 Fixed 530,000 Total costs $4,365,000 Wilde has an annual target operating income of $920,000. The markup percentage for setting prices as a percentage of the variable cost of the product is ________. A. 46.3% B. 27.5% C. 68.6% D. 39.2%
- kindly help me with General accounting questionHaven Company has accumulated the following budget data for the year 2022: Sales: 30,000 units; unit selling price $80 Cost of one unit of finished goods: direct materials, 2 kg at $5 per kilogram; direct labour, three hours at $12 per hour; and manufacturing overhead, $6 per direct labour hour Inventories (raw materials only): beginning, 10,000 kg; ending, 15,000 kg Raw materials cost: $5 per kilogram Selling and administrative expenses: $200,000 Income taxes: 30% of income before income taxes Instructions Prepare a schedule showing the calculation of the cost of goods sold for 2022. Prepare a budgeted income statement for 2022. Do not give answer in imageBintang corp. For the 20x9 fiscal year, it plans to produce and sell 500,000 units of product X. The budget for the year is as follows: - variable cost $650,000,000 - fixed cost $350,000,000 It is estimated that in the fiscal year the total assets to be used in the business are $500,000,000 The expected profit in the fiscal year is 25% of the total assets to be used. Question: 1. how many BEP (unit) if the company able to sell 500,000 unit in that fiscal year?2. If the company is only able to sell 450,000 units in that fiscal year, what is the profit or loss?
- 2.7 Company P estimates it will incur $80,750 in general industrial expenses and 4750 hours of direct work during the year. The actual working hours were 4600. Calculate the budgeted allocation coefficient of general industrial expenses using direct work hours as the basis for allocation, and prepare the journal entry for the allocation of general industrial expenses.Bintang corp. For the 20x9 fiscal year, it plans to produce and sell 500,000 units of product X. The budget for the year is as follows: - variable cost $650,000,000 - fixed cost $350,000,000 It is estimated that in the fiscal year the total assets to be used in the business are $500,000,000 The expected profit in the fiscal year is 25% of the total assets to be used. Question: - At what quantity of sales did the company not suffer a loss (break even)?Provide answer this general accounting question
