Ken's Fish & Tackle manufactures two reel models, Standard and Premium. Weekly demand is estimated to be 110 units of the Standard Model and 72 units of the Premium Model. The following per unit data apply: Standard Premium Contribution margin per unit $24 $30 Number of machine - hours required 6 5 The contribution per machine - hour is:

Ken's Fish & Tackle manufactures two reel models, Standard and Premium. Weekly demand is estimated to be 110 units of the Standard Model and 72 units of the Premium Model. The following per unit data apply: Standard Premium Contribution margin per unit $24 $30 Number of machine - hours required 6 5 The contribution per machine - hour is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Help me
Sanju
Denger
Head-First Company plans to sell 4,400 bicycle helmets at $84 each in the coming year. Product costs include: Direct materials per helmet $ 30 Direct labor per helmet 5.50 Variable factory overhead per helmet 2.00 Total fixed factory overhead 20,000 Variable selling expense is a commission of $2.90 per helmet; fixed selling and administrative expense totals $29,500. Required: 1. Calculate the total variable cost per unit. 2. Calculate the total fixed expense for the year. 3. Prepare a contribution margin income statement for Head-First Company for the coming year.
Edge Company produces two models of its product with the same machine. The machine has a capacity of 154 hours per month. The following information is available. Selling price per unit Variable costs per unit Contribution margin per unit Machine hours per unit Maximum unit sales per month Required: Contribution margin per unit 노래 Contribution margin per machine hour Standard Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin $ 140 55 1. Determine the contribution margin per machine hour for each model. Product Contribution Margin Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin $85 1 hour 500 units Deluxe $ 170 102 $ 68 2 hours 200 units Standard 2. How many units of each model should the company produce? How much total contribution margin does this mix produce per month? Standard Deluxe…
Bluegill Company sells 14,600 units at $320 per unit. Fixed costs are $233,600, and operating income is $1,635,200. Determine the following: a. Variable cost per unit $fill in the blank 1 b. Unit contribution margin $fill in the blank 2 per unit c. Contribution margin ratio fill in the blank 3 %
Zeke Company sells 25,300 units at $15 per unit. Variable costs are $7 per unit, and fixed costs are $39,600. The contribution margin ratio (rounded to the nearest whole percent) and the unit contribution margin, respectively, are a. 2% and $7 per unit b. 53% and $15 per unit c. 2% and $15 per unit d. 53% and $8 per unit
Coastal Carolina Company has a product with a unit selling price of $200, the unit variable cost is $110, and the total monthly fixed costs are $300,000. What is Coastal Carolina's contribution margin ratio? OA) 182% B) 55% C) 45% OD) 150%
Kinnane's Fine Furniture manufactures two models: Standard and Premium. Weekly demand is estimated to be 100 units of the Standard Model and 72 units of the Premium Model. The following per unit data apply: Kinnane's Fine Furniture data Standard Premium Contribution margin per unit $24 Number of machine hours required 3 If there are 495 machine hours available per week, how many rockers of each model should Kinnane produce to maximize profits? 100 units of Standard and 39 units of Premium 45 units of Standard and 72 units of Premium 100 units of Standard and 72 units of Premium $30 5 83 units of Standard and 50 units of Premium
Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells 17,000 units, its average costs per unit are as follows: Amount per Unit $ 7.60 $ 4.60 $ 2.10 $ 5.60 $ 4.10 $ 3.10 $ 1.60 $ 1.10 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. If 15,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 19,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 15,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 19,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 15,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 19,000 units are produced,…
The West Company’s cost structure for a certain items at a level of 20,000 units per month are as follows: Manufacturing Costs: Direct Material 1.00 Direct Labor 1.20 Variable indirect cost .80 Fixed indirect cost .50 Selling and other: Variable 1.50 Fixed .90 Required: Calculate the selling price if the company is planning to set up a selling price with a markup of 45% based variable production cost.
Flexmatrixs deals with different types of iron rods which has 6,900 machine hours available each month. Product 1 Product 2 Product 3 Contribution margin per unit 17.30 20.30 9.8 Machine hours per unit 4.00 3.00 2.00 The market demand is limited to 2,850 units of each of the three products. What is the maximum possible contribution margin that the company could make in any month?