Answer:
a) $96 per unit
b) $224 per unit
c) 70%
Explanation:
We will have to compute variable cost and contribution margin
Sales $2,400,000
7,500 × 320
Less; Variable cost $720,000
Contribution margin $1,680,000
Less : Fixed cost $120,000
Operating income. $1,560,000
a) Variable cost per unit
= Total variable cost ÷ Total number of units
= $720,000 ÷ 7,500 units
= $96 per unit
b) Unit contribution margin
= Selling price per unit - Variable cost per unit
= $320 - $96
= $224
c) Contribution margin ratio
= (Selling price per unit - Variable cost per unit) ÷ Selling price per unit × 100
= ($320 - $96) ÷ $320 × 100
= $224 ÷ 320 × 100
= 70%
Answer:
Stock price is $68.65
Explanation:
The following image shows the stock price:
Answer:
the total cost in the flexible budget is $8,100
Explanation:
The computation of the total cost in the flexible budget is shown below;
Variable cost per unit is
= $4000 ÷ 8,000 units
= 0.50 per unit
The total cost for the flexible budget is
= Variable costs+ fixed costs
= 0.5 × 8,200 units + $4,000
= $4,100 + $4,000
= $8,100
Hence, the total cost in the flexible budget is $8,100
Answer:
See below
Explanation:
Given the above information,
Direct material price variance is computed as;
= (Actual price - Standard price) × Actual quantity
Actual price = $436,800/208,000
Standard price = $436,800/182,000
Actual quantity = 208,000
Direct material price variance
=[ ($436,800 / 208,000) - ($436,800 / 182,000 ] × 208,000
= ($2.1 - $2.4) × 208,000
= $62,400 unfavourable
Answer:
Sunland Company
Cost of goods manufactured Schedule
For the year ended
Work in progress 15,470
Direct Materials
Raw material 22,250
Add: Raw material purchased <u>154,500</u>
Total raw material available for use 176,750
Less: Raw material inventory <u>32,850</u>
Direct material used 143,890
Direct labor 225,290
Manufacturing overhead <u>183,120</u>
Total manufacturing costs <u>552,300</u>
Total cost of work in progress 567,770
Less: Work in process inventory <u>18,560</u>
Cost of goods manufactured <u>549,210</u>
