The production planning period for flat-screen monitors at Louisiana's Rao Electronics, Inc., is 4 months, Cost data are as followsRegular-time cost per monitorOvertime cost per monitorSubcontract cost per monitorCarrying cost per monitor per month$70$110$120$2For each of the next 4 months, capacity and demand for flat-screen monitors are as follows:PeriodMonth 31,500Month 1Month 2Month 4DemandCapacityRegular timeOvertimeSubcontract2,0002,5002,1001,6004007001,6004006007501,500500200600600"Factory closes for 2 weeks of vacation.CEO Mohan Rao expects to enter the planning period with 400 monitors in stock. Backordering is not permitted (meaning, for example, that monitors producad in the second morth cannot be used in the trst monthto cover first month's demand).Minimizing total cost using the transportation method, the total cost is $(enter your response as a whole number).Clear allCheck swer

Month 1 Month 2 Month 3 Month 4 Total Demand 2000 2500 1500 2100 Regular Time…

Answered: to cover first month S Minimizing total…

Business

Accounting

to cover first month S Minimizing total cost using the transportation method, the total cost is S (enter your response

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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The behavior of the annual maintenance and repair cost in the Bus Transportation Department of the Summerset Public School District is shown by the solid line in the following graph. The dashed line depicts a semivariable-cost approximation of the department’s repair and maintenance cost. Required:1. What is the actual (curvilinear) and estimated (semivariable) cost shown by the graph for each of the following activity levels? Actual Estimateda. 20,000 milesb. 40,000 milesc. 60,000 milesd. 90,000 miles2. How good an approximation does the semivariable-cost pattern provide if the department’s relevant range is 40,000 to 60,000 miles per month? What if the relevant range is 20,000 to 90,000 miles per month?
A. APPLY THE CONCEPTS: Determine the mixed costs Costs that display characteristics of both fixed and variable costs simultaneously are called "mixed costs." The rental agreement on a piece of machinery stipulates an annual fee of $6,000 plus $2 for each hour of use. To illustrate, assume the manager wants to know what mixed costs will be at 7,000 hours of operation. Fixed Cost + (Variable Cost per Unit x Number of Units) = Mixed Cost $________________ + $_____ x 7,000 hours) = $___________ For this scenario, calculate the mixed costs at different levels across the relevant range, then graph them. Hours of Operation Mixed Cost 0 hours $________________ 4,000 $________________ 9,000 $________________ 12,000 $________________ 15,000 $________________ B. Based on the data from the table completed above, select the graph that correctly represents the mixed cost data. (selections in screenshot)
Complete the table below for contribution margin per unit, total contribution margin, and contribution margin ratio: E (Click the icon to view the table.) Compute the missing information, starting with scenario A, then for scenarios B and C. (Enter the contribution margin ratio to nearest percent, X%.) A Number of units 1,510 units Sale price per unit $ 1,600 Variable costs per unit 1, 120 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Data Table A Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 $ 4.400 5,000 Variable costs per unit 1,120 880 3,750 Calculate: Contribution margin per unit Total contribution margin Contribution margin ratio Print Done Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Final Check
Required:1. Compute the contribution margin per unit from (a) using the new material and (b) using the new material and increasing the selling price. (Round your answers to 2 decimal places.) All of the empty spaces needs numbers, please use the same format at the photos
You have been asked to decide about one of two mutually exclusive alternatives (A & B). The following table gives the initial costs, annual savings in labor costs, and the expected life of two pieces of equipment. Plot PW vs. i for each equipment on the same graph and identify the AAIRR from the graph (i for the intersection). Then, highlight the corresponding value of i in yellow in your spreadsheet. High-cost Equipment (A) Low-cost Equipment (B) Initial Cost $137,910 $100,000 Savings in Labor Costs $42,000 / year $32,000 / year Life 5 years 5 years
Curiumber Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range or output as follows. Output in Units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Rent Cost 11.000 $5,290 5,290 8,464 8,464 8,464 8,464. 8,464 8.464 10.580 10,000 10,580 10.580 Direct Materials $4,200 7,200 7,200 9,600. 12,000 14,400 16.800 19,200 30.999 37,030 46.552
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: $83,000 $42,000 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing overhead Variable selling expense Fixed selling expense Total selling expense Variable administrative $20,600 32,200 $52,800 $14,800 23,600 $38,400 $ 5,400 expense Fixed administrative expense Total administrative 27,800 $33,200 expense Required: 1. With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total period cost? 2. With respect to cost classifications for assigning costs to cost objects: a. What is total direct manufacturing cost? b. What is the total indirect manufacturing cost? 3. With respect to cost classifications for manufacturers: a. What is the total manufacturing cost? b. What is the total nonmanufacturing cost? c. What is the total…
Larned Recreational builds two models of dune buggies: Sport and Custom. Both models require the same assembly and finishing process and are assembled in the same factory. They differ in the quality and detail of the materials. The following data reflect expected operations for the upcoming year. Number of units Direct materials cost per unit Conversion costs: Direct labor Overhead Total Sport 3,200 $ 400 Custom Required A Required B 1,800 $ 1,100 Total 5,000 $ 1,920,000 2,608,000 $ 4,528,000 Required: a. Larned Recreation uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost per unit of the Sport and Custom models for the upcoming year. b. The financial team at Larned suggests that a two-stage system be used to compute the product cost of the two models. Their recommendation is to assign direct labor cost based on the number of units and overhead cost based on direct materials cost. Compute the cost per unit of the Sport and…
Which location provides Polaris the greatest cost advantage? Calculate the NPV of the three locations using a 10% discount rate.
Which of the following would be classified as a fixed cost in the operation of a motor vehicle? A. Oil change every 10,000 kilometres B. Petrol OC. Insurance OD. Tyre replacement