Tanger products plan to produce 10,000 units in January. Each unit requires 3 points of plastic, which costs $2 per pound. What standard material cost would the company use to plan for production? a. $2 b. $6 c. $3,333 d. $5,000
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- 1. SportsHaven’s garden department produces bags of mulch. Fixed cost is $17,300. Each bag sells for $3.21 with a unit cost of $1.48. How many bags of mulch must be sold to breakeven?Need helpCourse: Costs and Budgeting A company requires 60,000 units of a certain component. The fixed costs to manufacture this component are US$ 150,000. The variable cost (VC) of manufacturing is US$ 20 each.A supplier offers the same part at US$ 22 ea.Which is better to buy or to manufacture? Explain your answer
- Each finished unit of product X contains 60 pounds of raw materials. The manufacturing process must provide for a 20% waste allowance. The raw materials can be purchased for a cost of P2.50 a pound under terms of 2/10, n/30. The company takes all cash discounts. What is the standard direct materials cost of each unit of product X? a. 180 b. 187.50 c. 183.75 d. 176.40 Please include a short explanation. Thank you.1. Cigco Co. sells two products, the deluxe model and the standard. The deluxe sells for $40/unit. The standard sells for $20/unit. Sales are projected to be 1,000 units for the deluxe and 3,000 units for the standard. The deluxe model uses 6 oz. of direct material, the standard model uses 4 oz. of direct material. The material costs $.50/oz. The deluxe model takes 1/2 hour of labor to produce, the standard model takes 1/6 hour of labor to produce. The wage rate is $12.00/hour. Total overhead is $32,000, of which $24,000 is fixed. Total selling and administration costs are $30,000, of which $14,000 is fixed. Prepare a Traditional Income Statement and a Contribution Margin Income Statement.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 $56 $17 Unit variable cost $13 $8 Direct fixed cost $21,200 $43,000 Common fixed selling and administrative expenses total $98,000. 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 = ___________ : ______________ 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. Break-even ceiling fans _______ Break-even table fans ______ 3. Prepare a contribution-margin-based income…
- 1. Cisco Co. sells two products, the deluxe model and the standard. The deluxe sells for $40/unit. The standard sells for $20/unit. Sales are projected to be 1,000 units for the deluxe and 3,000 units for the standard. The deluxe model uses 6 oz. of direct material, the standard model uses 4 oz. of direct material. The material costs $.50/oz. The deluxe model takes 1/2 hour of labor to produce, the standard model takes 1/6 hour of labor to produce. The wage rate is $12.00/hour. Total overhead is $32,000, of which $24,000 is fixed. Total selling and administration costs are $30,000, of which $14,000 is fixed. Prepare a Traditional Income Statement and a Contribution Margin Income Statement. Traditional Income Statement Contribution Margin Income Statement 2.a. How many units of the Deluxe must be sold to break even? 2.b. How many units of the Standard must be sold to break even? - 2.c. What is the Contribution Margin Ratio for the Deluxe model? - 2.d. What is the Contribution Margin…Jack’s Tracks sells 24,000 custom-designed GoKarts per year. These GoKarts are sold evenly throughout the year. The manufacturer charges Jack a $50 processing cost per order, and Jack incurs a carrying cost of $240 per year including storing each GoKart at a local warehouse. What is the economic order quantity for ordering materials?a. 100b. 1,000c. 2,000d. 10,000If a company expects to produce 1,778 units of Finished Goods; and Each Finished Good is expected to get 7 pounds of Raw Material; and Raw Material is expected to cost $ 5.00 per pound. (Round answers to the nearest whole dollar/input code: 0): Part 1: If all expectations are met without deviation, how much will the company expect for total raw materials cost Part 2: If the company ends up producing 1,662 units of Finished Goods, what would their updated expectation of total raw materials cost be? $
- Jones Limited is planning to manufacture item ABC that will be used in the food industry. The product will be sold for RM15.00 per kilo. The company expects the following unit costs to apply to the production of item ABC: Ingredient M1: 0.25 kilos @ RM2.00 per kilo Ingredient M2: 0.75 kilos @ RM3.00 per kilo Labour: 0.20 hours @ RM4.00 per hour Variable overhead 0.20 hours @ RM6.00 per hour Fixed overheads are expected to be RM6,600 per annum and are absorbed on a unit basis and will accrue evenly over the year. Actual fixed overhead cost of RM6,600 and fixed selling expenses of RM900 were incurred for the quarter ending 31 March 2023. The planned production and sales levels for the first quarter of year ending 31 March 2023 are as follows: Production (units) Sales (units) 0.50 2.25 0.80 1.20 Quarter 1 1100 800 The actual production levels for the first quarter are similar to the planned production levels. The company had no stocks of raw materials or finished goods on 1 January 2023.…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 $56 $17 Unit variable cost $13 $8 Direct fixed cost $21,200 $43,000 Common fixed selling and administrative expenses total $98,000. Required: 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 = ______ : _____ 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. Break-even ceiling fans ______ Break-even table fans ______ 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc., based on the unit sales calculated in Requirement 2. If…Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 60,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $54 $12 Unit variable cost $11 $9 Direct fixed cost $20,800 $41,000 Common fixed selling and administrative expenses total $84,000. Required: 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 = _______ : __________ 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. Break-even ceiling fans ______ Break-even table fans _______ 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc., based on the unit sales…
