Standard Deluxe Sales P450,000 P50,000 Variable expenses (total) P360,000 P20,000 If ERD expects to incur P57,600 in fixed expenses next year, its break-even point must be:
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ERD Company manufactures and sells two types of beach towels, standard and deluxe. ERD expects the following operating results next year for each type of towel:
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- Black Diamond Company produces snow skis. Each ski requires 3 pounds of carbon fiber. The company’s management predicts that 5,500 skis and 6,500 pounds of carbon fiber will be in inventory on June 30 of the current year and that 155,000 skis will be sold during the next (third) quarter. A set of two skis sells for $350. Management wants to end the third quarter with 4,000 skis and 4,500 pounds of carbon fiber in inventory. Carbon fiber can be purchased for $20 per pound. Each ski requires 0.4 hours of direct labor at $25 per hour. Variable overhead is applied at the rate of $13 per direct labor hour. The company budgets fixed overhead of $1,787,000 for the quarter. Prepare the direct labor budget for the third quarter. BLACK DIAMOND COMPANY Direct Labor Budget Third Quarter Units to be produced Total labor hours needed Budgeted direct labor costTeton Trails manufactures backpacks for adventurers. The backpacks come in two types: Daytripper, and Excursion. Teton anticipates the following production volumes: Daytripper: 2,400 backpacks in July, 2,640 backpacks in August Excursion: 1,440 backpacks in July, 1,080 backpacks in August Each Daytripper backpack requires 1.0 hour of direct labor and each Excursion backpack requires 2.5 hours of direct labor. If the total budgeted labor for August is 6,000 hours, how much indirect labor did Teton budget? Select one: 00 a. 0 hours b. 660 hours c. 1,860 hours d. None of these options are correct. e. 2,280 hoursMetal Fabricators uses stainless steel as an input to its manufacturing processes. Stainless steel is approximately 10% chromium and 90% iron and other alloys. The price of stainless steel varies month by month based on the price of the inputs and the price of energy and Metal Fabricators expects an adjustment to the future price based on the price of chromium. Metal Fabricators expects to purchase 100 tons of stainless steel in May of 20X2 for the construction season. To protect against price fluctuations, Metal Fabricators enters into a derivative on November 1, 20X1 to buy 10 tons of chromium for delivery May 1, 20X2. Metal Fabricators enters into a contract to purchase stainless steel on March 31, 20X2 (the forecasted purchase) for delivery May 1, 20X2. The contract specifies that the price will be adjusted by the price of chromium on the delivery date and delivery costs. The hedge is 100% effective to that component. The price of stainless steel is 2,500 per ton on March 31st and…
- ManajiAt the end of the month, approximately what percentage complete will those gummy bears be with respect to direct materials?Metal Fabricators uses stainless steel as an input to its manufacturing processes. Stainless steel is approximately 10% chromium and 90% iron and other alloys. The price of stainless steel varies month by month based on the price of the inputs and the price of energy and Metal Fabricators expects an adjustment to the future price based on the price of chromium. Metal Fabricators expects to purchase 100 tons of stainless steel in May of 20X2 for the construction season. To protect against price fluctuations, Metal Fabricators enters into a derivative on November 1, 20X1 to buy 10 tons of chromium for delivery May 1, 20X2. Metal Fabricators enters into a contract to purchase stainless steel on March 31, 20X2 (the forecasted purchase) for delivery May 1, 20X2. The contract specifies that the price will be adjusted by the price of chromium on the delivery date and delivery costs. The hedge is 100% effective to that component. The price of stainless steel is 2,500 per ton on March 31st and…
- AlwaysRain Irrigation, Inc. would like to determine capacity requirements for the next four years, Currently, two production lines are in place for making bronze and plastic sprinklers. Three types of sprinklers are available in both bronze and plastic: 90-degree nozzle sprinklers, 180-degree nozzle sprinklers, and 360-degree nozzle sprinklers. Management has forecast demand for the next four years as follows: Plastic 90 Plastic 180 Plastic 360 Bronze 90 Bronze 180 Bronze 360 YEARLY DEMAND 1 (IN 0005) 2 (IN 000s) 3 (IN 0005) Plastic 34 14 47 4 5 10 Bronze Demand for plastic sprinklers Percentage of capacity used Machine requirements Labor requirements 46 19 59 5 5 11 Both production lines can produce all the different types of nozzles. The bronze machines needed for the bronze sprinklers require two operators and can produce up to 15,000 sprinklers. The plastic injection molding machine needed for the plastic sprinklers requires four operators and can produce up to 250,000 sprinklers.…Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,500 units (solar panels) in July and 4,800 units in August. Each unit requires 4 hours of direct labor at a rate of $19 per hour. Prepare a direct labor budget for July.Hurtt’s Java Seeds is an independent roaster of specialty coffee beans. The company budgets 2 months ahead, so that in early January, it is time to plan for March. During March, the company plans to sell 40,000 pounds of beans. At the end of February, the company expects to have 3,000 pounds of raw green coffee beans (costing $5,000) and 800 pounds of roasted beans (costing $4,200) in inventory. Hurtt’s would like to have 1,100 pounds of green coffee beans and 500 pounds of roasted beans in inventory at the end of March. Hurtt’s purchases green coffee beans from the grower at $3 per pound and sells the roasted beans for $13 per pound. Hurtt’s roasters hold 25 pounds of green coffee beans. It takes 19 minutes to roast the beans to perfection. Because the roaster must be monitored by an employee at all times, each batch requires 0.30 direct labor hours. During the roasting process, the green beans lose 25% of their weight, so that 1.25 pounds of green (raw) beans must be used to…
- A University produces two courses for its Management students this year. MATA32 and MATA33. Each student taking MATA32 requires 6 hours of teaching, 2 hours of adminis- tration, with a revenue of $1300. Each student taking MATA33 requires 7 hours of teaching, 1 hour of administration with a revenue of $1700. Due to the University's resources, there is a maximum of 2010 teaching hours and 150 administration hours. The University must also admit at least 30 MATA32 and at least 30 MATA33 students due to government regulation. What is the maximum revenue? (A) 90000 (B) 129000 (C) 188000 (D) 192500 (E) None of the aboveDuring the next four months, a customer requires,respectively, 600, 800, 1200, and 900 units of acommodity, and no backlogging is allowed (that is,the customer’s requirements must be met on time).Production costs are $80, $100, $105, and $90 per unitduring these months. The storage cost from one month to the next is $20 per unit (assessed on ending inven-tory). It is estimated that each unit on hand at the end of month 4 can be sold for $60. Assume there is nobeginning inventory.a. Determine how to minimize the net cost incurred inmeeting the demands for the next four months.b. Use SolverTable to see what happens to the decisionvariables and the total cost when the initial inventoryvaries from 0 to 1000 in 100-unit increments. Howmuch lower would the total cost be if the companystarted with 100 units in inventory, rather than none?Would this same cost decrease occur for every100-unit increase in initial inventory?Sacco Industries manufactures a popular interactive stuffed animal for children that requires three computer chips inside each toy. The company pays $2 for each computer chip. To help to guard against stockouts of the computer chip, Sacco Industries has a policy that states that the ending inventory of computer chips should be at least 25% of the following month's production needs. The production schedule for the first four months of the year is as follows: E (Click the icon to view the production schedule.) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget. ..... Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget. Sacco Industries Direct Materials Budget - X For the Months of January through March Data table January February March Quarter Units to be produced 5,600 4,800 4,200 14,600 Stuffed animals to be…
