Question 2 The same raw material is used in all three products. Barlow Company has only 4,600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier's plant. Management is tryingto decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $6 per pound.Required:1. Compute the amount of contribution margin that will be obtained per pound of material used in each product.ABContribution margin per unitDirect material cost per unitDirect material cost per poundPounds of material required per unitContribution margin per pound2a. Compute the amount of contribution margin on each product.ABContribution margin per poundPounds of material availableTotal contribution margin2b. Which orders would you recommend that the company work on next week-the orders for product A, product B, or product C?O Product AO Product BO Product C Exercise 7-8 Utilization of a Constrained Resource [LO7-5, L07-6]Barlow Company manufactures three products: A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:ProductAВC$300Selling priceVariable expenses:Direct materialsOther variable expensesTotal variable expenses$440$360306636150154198180220234Contribution margin$120$220$126Contribution margin ratio40%50%35%The same raw material is used in all three products. Barlow Company has only 4,600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier's plant. Management is tryingto decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $6 per pound.Required:1. Compute the amount of contribution margin that will be obtained per pound of material used in each product.ABContribution margin per unitDirect material cost per unitDirect material cost per poundPounds of material required per unitContribution margin per pound

Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…

The same raw material is used in all three products. Barlow Company has only 4,600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier's plant. Management is tryin to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $6 per pound. Required: 1. Compute the amount of contribution margin that will be obtained per pound of material used in each product. B Contribution margin per unit Direct material cost per unit Direct material cost per pound Pounds of material required per unit Contribution margin per pound 2a. Compute the amount of contribution margin on each product. A B Contribution margin per pound Pounds of material available Total contribution margin 2b. Which orders would you recommend that the company work on next week-the orders for product A, product B, or product C? O Product A O Product B O Product C

The same raw material is used in all three products. Barlow Company has only 4,600 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier's plant. Management is tryin to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $6 per pound. Required: 1. Compute the amount of contribution margin that will be obtained per pound of material used in each product. B Contribution margin per unit Direct material cost per unit Direct material cost per pound Pounds of material required per unit Contribution margin per pound 2a. Compute the amount of contribution margin on each product. A B Contribution margin per pound Pounds of material available Total contribution margin 2b. Which orders would you recommend that the company work on next week-the orders for product A, product B, or product C? O Product A O Product B O Product C

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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i did ask for a certain question to be resolved question 2b
Buggs-Off Corporation produces and sells a line of mosquito repellants that are sold usually all year round. The product sells at $100 per box. The following cost data has been prepared for its estimated upper and lower limits of activity for the year ended December 31, 2020. Lower Limit Upper Limit Production (# of boxes) 4,000 6,000 Production OCosts: Direct Materials $60,000 $90,000 Direct Labour 80,000 120,000 Overhead: Indirect Materials... 25,000 37,500 Indirect Labour 40,000 50,000 Depreciation 20,000 20,000 Selling & Administrative Expenses: Sales Salaries 50,000 65,000 Office Salaries 30,000 30,000 Advertising 45,000 45,000 Other 15,000 20,000 Total $365.000 $477,500 Required: a) Classify each cost element as either fixed, variable, or mixed b) Calculate: i) the variable production cost per unit and the total fixed production overhead. ii) The total variable cost per unit and the total fixed costs Hint: Use the high-low method to separate mixed costs into their fixed and…
Joint processing costs up to the split-off point total $75,000 per quarter. The company allocates these costs to the joint products on the basis of their relative sales value at the split-off point. Unit selling prices and total output at the split-off point are as follows: Product Selling Price 5 per pound Quarterly Output 10,000 pounds A $ B $ 7 per pound 22,000 pounds C $ 11 per gallon 5,000 gallons Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Additional Product Processing Costs Selling Price A $ 53,000 $ 8 per pound B $ 38,000 $ 13 per pound с $ 18,000 $ 20 per gallon Which products should be processed further?
what are the solutions for questions 4 & 5?
whats happening with question 11 and 12? answer please
WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for the next month is as follows: A) B) Product X yes yes no no Units produced Per unit sales value at split-off Added processing costs per unit Per unit sales value if processed further The cost of the joint raw material input is $90,000. Which of the products should be processed beyond the split-off point? Product Y yes no yes yes Product X 2,700 $ 25.00 $ 2.00 $31.00 Product Z no yes no yes Product Y 3,200 $ 28.00 $ 4.00 $31.00 Product Z 4,200 $ 27.00 $4.00 $36.00
Answer each of the following independent question: a and b
What's the final question's answer?
why did you not answer b?