Galaxy Chairs Co. produces high-end office chairs. For each chair, the company requires 2.4 direct labor hours. The average hourly wage for direct labor is $18. Additionally, the company incurs payroll taxes and fringe benefits of $2 per labor hour. Calculate the direct labor cost per chair.
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- CVPAustin Automotive sells an auto accessory for $180 per unit. The company’s variable cost per unit is $30 for direct material, $25 per unit for direct labor, and $17 per unit for overhead. Annual fixed production overhead is $52,360, and fixed selling and administrative overhead is $35,336. If Austin Automotive wants to earn a pre-tax profit of $72,576, how many units must the company sell?Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 The fixed marketing expense totaled $13,000, and the fixed administrative expense totaled $35,000. The price per calendar is $10. How many calendars must Paney sell next year to earn an operating income of $24,600? Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 The fixed marketing expense totaled $13,000, and the fixed administrative expense totaled $35,000. The price per calendar is $10. What is the variable product expense per unit? a.$1.30 b.$3.60 c.$5.00 d.$4.60 e.$4.00Roe manufactures and sells cloth facial masks. Per unit direct material and direct labor costs are $1 and $2 respectively. Other than these costs, Roe pays $1,000 for rent, $1,500 for the floor manager's salary, and recognizes $300 depreciation on the equipment every month. Roe sells each mask at $10. If Roe sells 500 masks, what would be Roe's total revenue and total costs? Group of answer choices Total revenue: 5,000; Total costs: 1,500 Total revenue: 5,000; Total costs: 4,300 Total revenue: 3,500; Total costs: 1,500 Total revenue: 3,500; Total costs: 2,800
- Mackler, Inc. sells a product with a contribution margin of $50 per unit. Fixed costs are $8,000 per month. How many units must Mackler sell to break even? Please show the formula you used and show your work in the space provided.What is the contribution margin ratio on these general accounting question?Ans
- Garcia Co. sells snowboards. Each snowboard requires direct materials for $119, direct labor for $49, and variable overhead of $64. The company expects fixed overhead costs of $673,000 and fixed selling and administrative costs of $160,000 for the next year. It expects to produce and sell 11,900 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 15% of the total cost?Largo, Inc., which uses a volume-based cost system, produces cat condos, and has a gross profit margin of 67%. Direct materials cost $19 per unit, and direct labor costs $14 per unit. Manufacturing overhead is applied at a rate of 240% of direct labor cost. Nonmanufacturing costs are $37 per unit. How much does each cat condo sell for?A company currently pays $5 per unit to buy a key part for a product it manufactures. It can make the part for $1.50 per unit for direct materials and $2.50 per unit for direct labor. The company normally allocates overhead costs at the rate of 50% of direct labor. Incremental overhead costs to make this part are $0.75 per unit. Should the company make or buy the part?
- Oak Valley Company, a custom cabinet manufacturing company, is setting standard costs for one of its products. The main material is cedar wood, sold by the square foot. The current cost of cedar wood is $8 per square foot from the supplier. Delivery costs are $0.20 per square foot. Carpenters' wages are $30 per hour. Payroll costs are $3.00 per hour, and benefits are $5 per hour. How much is the direct materials standard cost per square foot? A. $8.20 B. $11.20 C. $13.20 D. $8.00Colton Dry Cleaners has determined the following about its costs: Total variable expenses are $42,000, total fixed expenses are $30,000, and the sales revenue needed to break even is $50,000. Determine the company’s current 1) sales revenue and 2) operating income. (Hint: First, find the contribution margin ratio; then prepare the contribution margin income statement.)Jax Inc., which uses a volume-based cost system, produces dog houses, and has a gross profit margin of 24%. Direct materials cost $3 per unit, and direct labor costs $5 per unit. Manufacturing overhead is applied at a rate of 142% of direct labor cost. Non manufacturing costs are $8 per unit. How much does each dog house sell for? (Round your answer to 2 decimals)