Complete this question by entering your answers in the tabs below.Required 1Required 2Required 3Assume that Chenango Industries does not wish to commit to a rental agreement but could use its idle capacity tomanufacture another product that would contribute $178,000 per month. If Chenango's management elects to manufactureJR63 in order to maintain quality control, what is the net amount of Chenango's cost from using the space to manufacturepart JR63?Show less aNet cost of using limited cApacity to produce part JR6I S 618,000< Required 2Requ Chenango Industries uses 12 units of part JR63 each month in the production of radar equipment. The cost of manufacturing one unitof JR63 is the following:5 4,000Direct naterialMaterial handling (20x of direct-naterial cost)Direct laborManufarturing overhead (150% of direct labor)39,000S8,500Total manufacturing cost$102, 300Material handling represents the direct variable costs of the Recelving Department that are applied to direct materials and purchasedcomponents on the basis of their cost. This is a separate charge in addition to manufacturing overhead. Chenango Industries' annualmanufacturing overhead budget is one-third variable and two thirds fixed. Scott Supply, one of Chenango Industries' reliable vendors.has offered to supply part number JR63 at a unit price of $64,000.

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Answered: not wish to commit to a renta d…

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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not wish to commit to a renta d contribute $178,000 per mo , what is the net amount of C