The Foundational 15 (Algo) [LO13-2, LO13-3, LO13-4, LO13-5, LO13-6) [The following information applies to the questions displayed below.] Direct materials Direct labor Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 123,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit Foundational 13-12 (Algo) Saved Contribution margin per pound Alpha Alpha $ 40 34 Beta 22 30 27 30 $ 183 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. Beta $15 28 20 Help Save & Exit 33 23 25 $ 144 12. What contribution margin per pound of raw material is earned by each of the two products? (Round your answers to 2 decimal places.) Subm

The Foundational 15 (Algo) [LO13-2, LO13-3, LO13-4, LO13-5, LO13-6) [The following information applies to the questions displayed below.] Direct materials Direct labor Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 123,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Variable manufacturing overhead Traceable fixed manufacturing overhead Variable selling expenses Common fixed expenses Total cost per unit Foundational 13-12 (Algo) Saved Contribution margin per pound Alpha Alpha $ 40 34 Beta 22 30 27 30 $ 183 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. Beta $15 28 20 Help Save & Exit 33 23 25 $ 144 12. What contribution margin per pound of raw material is earned by each of the two products? (Round your answers to 2 decimal places.) Subm

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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