QS 25-16 (Algo) Pricing using total cost LO P6Garcia Company sells snowboards. Each snowboard requires direct materials of $115, direct labor of $45, variable overhead of $60,and variable selling, general, and administrative costs of $18. The company has fixed overhead costs of $665,000 and fixed selling.general, and administrative costs of $117,000. It expects to produce and sell 11,500 snowboards.What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Roundyour final answer to nearest whole dollar amounts.)Selling price$68 per unit

Step 1: Calculate Total Variable Costs per unitTotal Variable Costs per unit = Direct materials +…

Answered: QS 25-16 (Algo) Pricing using total…

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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Make-or-Buy Decision Somerset Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $55 per unit. The company, which is currently operating below full capacity, charges factory overhead to production at the rate of 42% of direct labor cost. The unit costs to produce comparable carrying cases are expected to be as follows: Direct materials $27 Direct labor 16 Factory overhead (42% of direct labor) 6.72 Total cost per unit $49.72 If Somerset Computer Company manufactures the carrying cases, fixed factory overhead costs will not increase and variable factory overhead costs associated with the cases are expected to be 12% of the direct labor costs. a. Prepare a differential analysis dated April 30 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying case. If required, round your answers to two decimal places. If an amount is zero, enter "0". Differential Analysis Make…
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Question 34 Show all calculations for this problem: Lion Co produced and sold 5.000 units in the month. Below is their financial information: Selling Price: $20 per unit Direct Manufacturing Costs: $5 per unit Fixed Manufacturing Overhead: $20,000 Variable Selling expenses: $3 per unit Fixed Selling expenses: $5,000 Lion Co is trying to determine whether to use a Contribution Margin income statement or an Absorption Costing income statement. What would be the difference between their Contribution Margin and their Gross Profit?
Make-or-Buy Decision Somerset Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $24 per unit. The company, which is currently operating below full capacity, charges factory overhead to production at the rate of 40% of direct labor cost. The unit costs to produce comparable carrying cases are expected to be as follows: Direct materials $8.00 Direct labor 12.00 Factory overhead (40% of direct labor) 4.80 Total cost per unit $24.80 If Somerset Computer Company manufactures the carrying cases, fixed factory overhead costs will not increase and variable factory overhead costs associated with the cases are expected to be 25% of the direct labor costs.
Please help me with calculation
Question C
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Additional data concerning these products are listed below. Grinding minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units A $ 14.00 19.10. 4.00 Products B D $9.90 $ 10.70 $ 10.30 33.30 40.10 27.10 2.40 2.30 2.90 26.20 34.50 26.30 36.90 $63.30 $ 73.90 $72.60 $90.20 A 3.50 $ 75.80 $ 1.90 3,700 Products: B 5.00 $ 93.20 $0.90 3,700 C D 3.10 4.00 $ 87.10 $ 103.90 $ 3.00 $ 1.30 2,700 2,900 The grinding machines are potentially the constraint in the production facility. A total of 50,400 minutes are available per month on these machines. Direct labor is a variable cost in this company. Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of the…
Question Content Area Multiple-Product Break-Even and Target Profit Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 70,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $62 $14 Unit variable cost $11 $8 Direct fixed cost $25,200 $47,000 Common fixed selling and administrative expenses total $70,000. Required: Question Content Area 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)?Sales mix of ceiling fans to table fans = fill in the blank 614f11ff0fb7fcb_1 : fill in the blank 614f11ff0fb7fcb_2 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number.…
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