Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 536,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Compute the total cost per unit. Total cost per unit Variable selling and administrative expenses $13 Fixed selling and administrative expenses $ eTextbook and Media Per Unit Compute the desired ROI per unit. $6 Desired ROI per unit S $10 The company has a desired ROI of 25%. It has invested assets of $27,872,000. $14 Total $3,752,000 $1,072,000

Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 536,000 units. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Compute the total cost per unit. Total cost per unit Variable selling and administrative expenses $13 Fixed selling and administrative expenses $ eTextbook and Media Per Unit Compute the desired ROI per unit. $6 Desired ROI per unit S $10 The company has a desired ROI of 25%. It has invested assets of $27,872,000. $14 Total $3,752,000 $1,072,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Required information [The following information applies to the questions displayed below.] Cane Company manufactures two products called Alpha and Beta that sell for $185 and $120, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 112,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Direct materials Direct labor Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit Alpha $30 Answer is not complete. 22 20 24 20 23 $ 139 Financial advantage Beta $ 10 The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its common fixed expenses are unavoidable and have been allocated to products based on sales dollars. 29 13 26 16 18 $112 8. Assume that Cane normally produces and sells 68,000 Betas and 88,000 Alphas per year. If Cane…
Dinesh Bhai
Bowl Me Over, Inc (BMO) makes ceramic bowls They have a capacity of 50,000 bowls per period. Below is the selling and cost information for BMO. Sales and cost information Sales Direct Materials Direct labor Variable overhead Fixed overhead Total product cost Variable selling expense (commission of 4% of sales dollars Fixed selling expense BMO sales and cost information Per Unit 30 3.50 10 5 7 25.50 1.20 .50 Dollars 1,200,000 140,000 400,000 200,000 280,000 1,020,000 48,000 20,000 BMO has a defective part rate of 12%. They can sell the defective bowls for $3.00 each. Alternatively, they can rework the bowls and sell them for full price. The cost to rework the bowls is $2 for direct materials, $5 for direct labor and 1.50 for variable overhead. Analyze the incremental income of both options and recommend a course of action for BMO.
Smart Stream Inc. uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 8,000 units of cellular phones are as follows: Variable costs: Fixed costs: Direct materials $ 87 per unit Factory overhead $349,300 Direct labor 40 Selling and admin. exp. 122,700 Factory overhead 26 Selling and admin. exp. 21
Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells 17,000 units, its average costs per unit are as follows: Amount per Unit $ 7.60 $ 4.60 $ 2.10 $ 5.60 $ 4.10 $ 3.10 $ 1.60 $ 1.10 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required: 1. If 15,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 19,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 15,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 19,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 15,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 19,000 units are produced,…
FUT manufactures two products.. Both products require manufacturing operations in two departments: Product 1 2 Profit/Unit $25 $20 Labour Hours Dept. A 6 8 Labour Hours Dept. B 12 10 For the coming production period, FUT has available 900 hours of labor that can be allocated to either of the two departments. Find the production plan and labor allocation (hours assigned in each department) that will maximize profit. (Use Excel Solver)
Kesterson Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Multiple Choice ( $15.15 Variable administrative expense Fixed selling and administrative expense The incremental manufacturing cost that the company will incur if it increases production from 10,000 to 10,001 units is closest to: $16.45 Cost per Unit $6.70 $ 3.30 $ 1.65 $13.95 $ 1.20 $ 0.80 Cost per Period $ 23,000 $ 5,000 Hel
Paolucci Corporation's relevant range of activity is 6,900 units to 14,500 units. When it produces and sells 10,700 units, its averag Average Cost per Unit $ 6.85 $ 3.75 $ 1.75 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense If 9,700 units are sold, the variable cost per unit sold is closest to: $ 3.30 $ 1.05 $ 0.75 $ 1.00 $ 0.65
Required information [The following information applies to the questions displayed below.] Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost Per Unit $ 6.30 $ 3.80 $ 1.50 $ 4.00 $ 3.30 $ 2.00 $ 1.00 $ 0.50 3. If 8,000 units are produced and sold, what is the variable cost per unit produced and sold? (Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. Variable cost per unit sold $ 12.50 X
Vishnu