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In addition to the MOH costs, the following DM and DL costs are provided for the three product types. Small Direct materials cost/unit $3.00 Direct labor cost/unit $1.50 Medium Gross margin percentage $3.40 $1.90 If Kingbird sells the small mouse for $16, the medium mouse for $17, and the large mouse for $26, what gross margin percentage is it generating for each product? (Round answers to 2 decimal places, e.g. 15.25%.) Large $3.60 $1.80 Small % Medium de % Large %

In addition to the MOH costs, the following DM and DL costs are provided for the three product types. Small Direct materials cost/unit $3.00 Direct labor cost/unit $1.50 Medium Gross margin percentage $3.40 $1.90 If Kingbird sells the small mouse for $16, the medium mouse for $17, and the large mouse for $26, what gross margin percentage is it generating for each product? (Round answers to 2 decimal places, e.g. 15.25%.) Large $3.60 $1.80 Small % Medium de % Large %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In addition to the MOH costs, the following DM and DL costs are provided for the three product types. Direct materials cost/unit Direct labor cost/unit Small Gross margin percentage $3.00 $1.50 Medium $3.40 $1.90 If Kingbird sells the small mouse for $16, the medium mouse for $17, and the large mouse for $26, what gross margin percentage is it generating for each product? (Round answers to 2 decimal places, e.g. 15.25%.) Large $3.60 $1.80 Small % Medium % Large de %
Transcribed Image Text:In addition to the MOH costs, the following DM and DL costs are provided for the three product types. Direct materials cost/unit Direct labor cost/unit Small Gross margin percentage $3.00 $1.50 Medium $3.40 $1.90 If Kingbird sells the small mouse for $16, the medium mouse for $17, and the large mouse for $26, what gross margin percentage is it generating for each product? (Round answers to 2 decimal places, e.g. 15.25%.) Large $3.60 $1.80 Small % Medium % Large de %
The managers of Kingbird were determined to reduce product costs for the three versions of wireless mouses they carried-small, medium, and large-to be more competitive. All three product types went through production and packaging and generated the need for factory maintenance. The activity rates for these three key activities are as follows. Production Packaging Maintenance MOH rates $13 per DL hour $4 per packaging hour $2 per machine hour The following resources were consumed for the production of each type of mouse. Direct labour hours used Packaging hours used Machine hours used Units produced (b) Small Medium Large 4,400 3,800 Total applied MOH 2,500 4,600 32,000 Your answer is correct. 6,500 3,400 5,200 4,600 39,000 29,000 Allocate MOH costs to the three products using the activity rates given. 4,800 Small Mouse 68600 tA Medium Mouse 108500 Large Mouse 85600
Transcribed Image Text:The managers of Kingbird were determined to reduce product costs for the three versions of wireless mouses they carried-small, medium, and large-to be more competitive. All three product types went through production and packaging and generated the need for factory maintenance. The activity rates for these three key activities are as follows. Production Packaging Maintenance MOH rates $13 per DL hour $4 per packaging hour $2 per machine hour The following resources were consumed for the production of each type of mouse. Direct labour hours used Packaging hours used Machine hours used Units produced (b) Small Medium Large 4,400 3,800 Total applied MOH 2,500 4,600 32,000 Your answer is correct. 6,500 3,400 5,200 4,600 39,000 29,000 Allocate MOH costs to the three products using the activity rates given. 4,800 Small Mouse 68600 tA Medium Mouse 108500 Large Mouse 85600
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