Larkspur Manufacturing Company observed that, during its busiest month of 2022, maintenance costs totaled $18,500, resulting from the production of 40,000 units. During its slowest month, $13,000 in maintenance costs were incurred, resulting from the production of 25,000 units. Use the high-low method to estimate the maintenance cost that the company will incur if it produces 30,000 units. (Calculation in 2 decimal)
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- Please solve this problemThe Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $35,000 per quarter. Required: 1. Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole. 2. and 3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhead for each quarter of the upcoming fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,500 10,500 12,500 13,500 Complete this question by entering your answers in the tabs below. Req 1…Carey Company had sales in 2019 of $1,609,400 on 61,900 units. Variable costs totaled $866,600, and fixed costs totaled $475,000.A new raw material is available that will decrease the variable costs per unit by 20% (or $2.80). However, to process the new raw material, fixed operating costs will increase by $90,000. Management feels that one-half of the decline in the variable costs per unit should be passed on to customers in the form of a sales price reduction. The marketing department expects that this sales price reduction will result in a 5% increase in the number of units sold.(a) Prepare a projected CVP income statement for 2020, assuming the changes have not been made. CAREY COMPANYCVP Income Statement December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020 Total Per Unit Net Income/(Loss)Gross ProfitSalesSelling ExpensesContribution MarginTotal Variable ExpensesFixed CostsAdministrative ExpensesTotal Fixed…
- Music Incorporated planned and manufactured 259,500 units of its single product in 2022, its first year of operations. Variable manufacturing costs were $49 per unit of production. Planned and actual fixed manufacturing costs were $619,000. Marketing and administrative costs (all fixed) were $309,500 in 2022. Music Incorporated sold 209,500 units of product in 2022 at $79 per unit. Variable costing operating income for 2022 is calculated to be: (Do not round intermediate calculations. Round your final answers to whole dollar amounts.)Brentwood Manufacturing forecasts that total overhead for the current year will be $12,000,000 and that total machine hours will be 240,000 hours. Year to date, the actual overhead is $13,200,000, and the actual machine hours are 260,000 hours. Suppose Brentwood Manufacturing uses a predetermined overhead rate based on machine hours for applying overhead as of this point in time (year to date). In that case, the overhead is? HelpThe company desires a S30.00 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,000 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2017 will be S380,000. a Compute the rate charged per hour of labor b. Compute the material loading percentage a Jeff Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 25 hours of labor and $2.000 of parts. Compute the total estimated bill Label each part and show ALL your work!
- Bridgeport sells its product for $82 per unit. During 2025, it produced 120400 units and sold 105100 units. Costs per unit are: direct materials $25, direct labor $9, variable overhead $4, and variable operating expenses $2. Fixed costs are $722400 manufacturing overhead, and $77500 operating expenses. Assuming no variances were reported, no beginning inventory exists, and the company uses absorption costing, what will be reported as operating income? O $3211200. ○ $3706100. O $3421400. O $3601000. iThe armour company has the following revenue and costs in the most recently completed fiscal year. Total revenue is $10,000,000. Total fixed costs is $4,000,000. Total variable costs is $5,000,000. Total units produced and sold is $1,000,000. What is the unit sales volume at the break-even point?During 2022, Bridgeport Corp. produced 45,100 units and sold 36,080 for $14.00 per unit. Variable manufacturing costs were $4.00 per unit. Annual fixed manufacturing overhead was $108,240. Variable selling and administrative costs were $3.00 per unit sold, and fixed selling and administrative expenses were $19,900. (a) Prepare an absorption-costing income statement. (b) Your answer is correct. 4 Sales Cost of goods sold Beginning inventory Add ✓ Costs of goods manufactured Goods available for sale Less Ending inventory Gross margin Less Selling and administrative expenses Operating income eTextbook and Media Bridgeport Corp. Income Statement-Absorption Costing For the Year Ended December 31, 2022 Variable costing operating income $ Absorption costing operating income Fixed manufacturing overhead costs deferred in ending inventory $ $ 288640 i 288640 0 57728 i 505120 230912 i 274208 Reconcile the difference between the net income under variable costing and the net income under…
- I want to answer this questionSavannah, Inc. is a company that manufactures and sells a single product. Unit sales for each of the four quarters of 2017 are projected as follows. Quarter Units First 80,000 Second 150,000 Third 550,000 Fourth 120,000 Annual total 900,000 Savannah incurs variable manufacturing costs of $0.40 per unit and variable nonmanufacturing costs of $0.35 per unit. Savannah will incur fixed manufacturing costs of $720,000 and fixed nonmanufacturing costs of $1,080,000. Savannah will sell its product for $4.00 per unit.AccountingDetermine the amount of net income Savannah will report in each of the four quarters of 2017, assuming actual sales are as projected and employing the integral approach to interim financial reporting. (Ignore income taxes.) Repeat the analysis under the discrete approach.AnalysisCompute Savannah’s profit margin on sales for each of the four quarters of 2017 under both the integral and discrete approaches. Discuss the effects of employing the integral and…bellfont company produces door stoppers. august production costs are below. door stoppers produced 74000 direct material (variable) 20000, direct labor(variable)40000, suppliers(variable) 20000, supervision ( fixed)29500, depreciation (fixed) 21100, other (fixed) 4200. in september, bellfont expects to produce 100000 door stoppers. assuming no structural charges, what is bellfonts production cost per door stoppers in september.