Marten Corp. has a limited number of machine hours available to produce its three productsA11, B22, and C33. Determine the order that these products should be produced given thefollowing data:A11 B22 C33$14 $36 $10Unit sales price326Unit variable costs245Machine hours per unito A11, B22. C33B22, C33, A11A11, C33. B22C33. A11, B22eTextbook and Media

Calculate the contribution margin.

Answered: Marten Corp. has a limited number of…

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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Problem 6-18 (Algo) Relevant Cost Analysis in a Variety of Situations [LO6-2, LO6-3, LO6-4] Andretti Company has a single product called a Dak. The company normally produces and sells 87,000 Daks each year at a selling price of $60 per unit. The company's unit costs at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expenses Fixed selling expenses Total cost per unit $ 7.50 8.00 2.90 5.00 ($435,000 total) 2.70 2.50 ($217,500 total) $28.60 A number of questions relating to the production and sale of Daks follow. Each question is independent. Required: 1-a. Assume that Andretti Company has sufficient capacity to produce 113,100 Daks each year without any increase in fixed. manufacturing overhead costs. The company could increase its unit sales by 30% above the present 87,000 units each year if it were willing to increase the fixed selling expenses by $110,000. What is the financial…
SwissMiss Co. produces 2 products,Aand B with the following informationavailable:
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Krispies Ltd manufactures and sells three products which have the following revenue and costs per unit: Snap Crackle PopSelling price per unit snap: R15 crackle: R20 pop: R12Variable cost per unit snap: R10 crackle:1R3 pop: R6Fixed cost per unit snap: R2 crackle: R3 pop: R2 Unit fixed costs are based on the following sales volumes:Snap – 15 000 unitsCrackle – 12 000 unitsPop – 30 000 units Required:Calculate the aggregate break‐even units and sales for Krispies Ltd.Round to two decimals.
Beta is approached by a customer to fulfill a one-time-only special order. Beta has excess capacity. The following per unit data apply for sales to regular customers: Variable costs: Direct materials $120 Direct labor 60 Manufacturing support 105 Marketing costs 45 Fixed costs: Manufacturing support 135 Marketing costs 45 Total costs 510 Markup (50%) 255 Targeted selling price $765 15) What is the full cost of the product per unit? 16) What is the contribution margin per unit? 17) For Beta, at what price per unit of this special order would operating income be the same whether or not it accepted the special order? 18) What is the change in operating income for Beta if the one-time-only special order for 1,000 units is accepted for $540 a unit?
sing ABC, the total manufacturing costs per unit for product SuperPro is?
Consider the following production and cost data for two products, L and C: Product L Product C Contribution margin per unit Machine minutes needed per unit $120 10 minutes $112 8 minutes A total of 60,000 machine minutes are available each period and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period? Multiple Choice $840,000 $780,000 $720,000
3
FAUSTINO Inc. manufactures two products, MICHAEL and GABRIEL. Contribution margin per unit is determined as follows: MICHAEL GABRIEL Revenue P 130 P 80 Variable costs (70) (38) Contribution margin 60 42 Total demand for MICHAEL is 8,000 units; and for GABRIEL, 16,000 units. Machine hours is a scarce resource. Only 42,000 machine hours are available during the year. MICHAEL requires 6 machine hours per unit while GABRIEL requires 3 machine hours per unit. How many units of MICHAEL should FAUSTINO Inc. produce?
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XYZ Ltd manufactures three products, X, Y and Z, for which the following information is available: X Y Z Sales demand 550 units 500 units 400 units Selling price (per unit) $16 $18 $14 Variable cost: material Labour 8 6 2 4 6 9 XYZ Ltd has existing inventory of 250 units of X and 200 units of Z, which it is willing to use us to meet the sales demand. All three products use the same direct materials and the same type of direct labour. In the next year, the available supply of material will be restricted to $4,800 (at cost) and the available supply of labour will be $6,600 (at cost). Required: Determine what product mix and sales mix would maximize XYZ Ltd’s profits in the next year, and prepare a profit statement based on the profit maximizing mix identified.
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