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3 years ago

Michael's Machine Shop reports the following information for the quarter.

Business

1 answer:

m_a_m_a [10]3 years ago

3 0

Answer:

Results are below.

Explanation:

First, we need to calculate the variable cost per unit:

Variable cost per unit= Materials + Labor + Plant supervision + Selling and administrative

Variable cost per unit= 18 + 15 + 8 + 9

Variable cost per unit= $50

Now, the fixed cost:

Fixed costs= Selling and administrative + Production

Fixed costs= 47,620 + 142,860

Fixed costs= $190,480

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 190,480 / (70 -50)

Break-even point in units= 9,524

Finally, the expected sales:

expected sales= 23,810*70

expected sales= $1,666,700

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2 years ago

AAA Manufacturing Inc, makes a product with the following costs per unit: Direct materials $150 Direct labor $90 Manufacturing

Ivenika [448]

Answer:

Results are below.

Explanation:

Giving the following information:

Direct materials $150

Direct labor $90

Manufacturing overhead (variable) $60

Manufacturing overhead (fixed) $120

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).

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4 years ago

The 2016 financial statements of The New York Times Company reveal average shareholders’ equity attributable to controlling inte

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Answer:

E. There is not enough information to calculate the ratio.

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3 years ago

Problem 5-15 Comprehensive Problem-Weighted-Average Method [LO5-2, LO5-3, LO5-4, LO5-5] Sunspot Beverages, Ltd., of Fiji uses th

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Answer:

1. Blending Department

Equivalent units of production (EUP)

Units %material EUP %Conversion EUP

Units Completed and 160000 100% 160000 100% 160000

transferred out

Units of Ending work 40000 100% 40000 25% 10000

in process

Equivalent units of production 200,000 170,000

2. Cost per Equivalent unit

Material Conversion

Cost of Beginning Work in Process $25,200 $24,800

Cost added during June $3,34,800 $238,700

Total Costs $360,000 $263,500

/Equivalent units of Production 200000 170000

Cost per Equivalent unit of Production $1.80 $1.55

3. Cost of ending WIP

EUP Cost per EUP Total Cost

Material 40000 $1.80 $72,000

Conversion 10000 $1.55 $15,500

Total Ending work in process $87,500

4. Cost of Units Transferred Out

EUP Cost per EUP Total Cost

Material 160000 $1.80 $288,000

Conversion 160000 $1.55 $248,000

Total transferred out $536,000

5. Blending Department

Cost Reconciliation Report

Particulars Amount

Costs to be accounted for

Cost of beginning WIP inventory $50,000

($25200+$24800)

Cost added to production $573,500

($334800+$238700)

Total Cost to be accounted for $623,500

Costs accounted for as follows:

Cost of unit transferred out $536,000

Cost of Ending WIP $87,500

Total cost accounted for $623,500

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3 years ago