Question: lonic charge is a newly organized manufacturing business trial plans to manufacture and sell 60,000 units per year of a new product The following estimates have been made of the company's costs and expenses (other than income taxes): Manufacturing costs: Direct Materials Direct labor Fixed Variable per unit $25 15 manufacturing overhead $500,000 8 Period costs: Selling expenses Total Administrative expenses $300,000 800000 2 50 a.) What should the company establish as the sales price per unit if it sets a target of earning an operating income of $700,000 by producing and selling 60,000 units during the first year operations? b.) At the unit sales price compute in part a, How many units must the company produce and sell to break even? (Assume all units produced are sold)

What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000? A. $16,000 B. $50,000 C. $103,000 D. $120000

Classify costs Cromwell Furniture Company manufactures sofas for distribution to several major retail chains. The following costs are incurred in the production and sale of sofas: Fabric for sofa coverings Wood for framing the sofas Legal fees paid to attorneys in defense of the company in a patent infringement suit, 25,000 plus 160 per hour Salary of production supervisor Cartons used to ship sofas Rent on experimental equipment, 50 for every sofa produced Straight-line depreciation on factory equipment Rental costs of warehouse, 30,000 per month Property taxes on property, plant, and equipment Insurance premiums on property, plant, and equipment, 25,000 per year plus 25 per 25,000 of insured value over 16,000,000 Springs for seat cushions Consulting fee of 120,000 paid to efficiency specialists Electricity costs of 0.13 per kilowatt-hour Salespersons salary, 80,000 plus 4% of the selling price of each sofa sold Foam rubber for cushion fillings Janitorial supplies, 2,500 per month Employer's FICA taxes on controller's salary of 180,000 Salary of designers Wages of sewing machine operators Sewing supplies Instructions Classify the preceding costs as either fixed, variable, or mixed. Use the following tabular headings and place an X in the appropriate column. Identify each cost by letter in the cost column.

Cost Behavior, Classification Smith Concrete Company owns enough ready-mix trucks to deliver up to 100,000 cubic yards of concrete per year (considering each trucks capacity, weather, and distance to each job). Total truck depreciation is 200,000 per year. Raw materials (cement, gravel, and so on) cost about 25 per cubic yard of cement. Required: 1. Prepare a graph for truck depreciation. Use the vertical axis for depreciation cost and the horizontal axis for cubic yards of cement. 2. Prepare a graph for raw materials. Use the vertical axis for cost and the horizontal axis for cubic yards of cement. 3. Assume that the normal operating range for the company is 90,000 to 96,000 cubic yards per year. Classify truck depreciation and raw materials as variable or fixed costs. 4. CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the truck depreciation cost from year to year. 5. CONCEPTUAL CONNECTION Briefly describe actions that Smith management could take to reduce the total raw materials cost from year to year.

Question: lonic charge is a newly organized manufacturing business trial plans to manufacture and sell 60,000 units per year of a new product The following estimates have been made of the company's costs and expenses (other than income taxes): Manufacturing costs: Direct Materials Direct labor Fixed Variable per unit $25 15 manufacturing overhead $500,000 8 Period costs: Selling expenses Total Administrative expenses $300,000 800000 2 50 a.) What should the company establish as the sales price per unit if it sets a target of earning an operating income of $700,000 by producing and selling 60,000 units during the first year operations? b.) At the unit sales price compute in part a, How many units must the company produce and sell to break even? (Assume all units produced are sold)

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