Question

Paney Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct...

Paney Company makes calendars. Information on cost per unit is as follows:

Direct materials

$1.50

Direct labor

1.20

Variable overhead

0.90

Variable marketing expense

0.40

Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000. The price per calendar is $10. What is the break-even point in sales dollars?

Select one:

a. $58,330

b. $21,670

c. $80,000

d. $120,000

e. $28,000

QUESTION 2

Raleigh Clothes Ltd. uses job order costing to measure and track product costs. Raleigh has determined that machine hours drive its manufacturing overhead costs. During the month of June, the following data were available for Product #95:

Direct labor 350 hours at $10 per hour

Direct materials 40 square yards at $25 per yard

Machine hours used 1,000 hours

If total manufacturing overhead costs during the month totaled $100,000 when a total of 25,000 machine hours were used, what will be the total manufacturing cost of Product #95?

Select one:

a. $ 3,500

b. $ 4,500

c. $12,500

d. $ 4,000

e. $ 8,500

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Paney Company makes and sells calendars. The information on the cost per unit is as follows:...
Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 The fixed marketing expense totaled $13,000, and the fixed administrative expense totaled $35,000. The price per calendar is $10. How many calendars must Paney sell next year to earn an operating income of $24,600? a. 4,100 b. 18,150 c. 12,000 d. 8,000 e. 12,100
The standard cost sheet for Chambers Company, which manufactures one product, follows: Direct materials, 40 yards...
The standard cost sheet for Chambers Company, which manufactures one product, follows: Direct materials, 40 yards at $3.00 per yard $ 120 Direct labor, 4 hours at $20 per hour 80 Factory overhead applied at 80% of direct labor 64 (variable costs = $50; fixed costs = $14) Variable selling and administrative 69 Fixed selling and administrative 45 Total unit costs $ 378 Standards have been computed based on a master budget activity level of 29,300 direct labor-hours per month....
Figure 4-3: Wadsworth Company makes bass lures. Information on cost per unit is as follows: Direct...
Figure 4-3: Wadsworth Company makes bass lures. Information on cost per unit is as follows: Direct materials $2.50 Direct labor 1.20 Variable overhead 0.50 Fixed overhead 1.00 Fixed marketing expense totaled $13,000 and fixed administrative expense totaled $35,000. The price per lure is $10.Expected sales are 500 Units. What is the total contribution margin expected?
Beakins Company produces a single product. The standard cost card for the product follows: Direct materials...
Beakins Company produces a single product. The standard cost card for the product follows: Direct materials (4 yards @ $5 per yard)............................. $20 Direct labor (1.5 hours @ $10 per hour).............................. $15 Variable manufacturing overhead (1.5 hrs. @ $4 per hour) $6 During a recent period the company produced 1,200 units of product. Various costs associated with the production of these units are given below: Direct materials purchased (6,000 yards)..... $29,400 Direct materials used in production................ 5,120 yards Direct labor...
iii) Brand Corporation has provided the following information: Cost per Unit Cost per Period Direct materials...
iii) Brand Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 4.90 Direct labor $ 4.00 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 8,700 Sales commissions $ 2.00 Variable administrative expense $ 0.35 Fixed selling and administrative expense $ 5,700 For financial reporting purposes, the total amount of period costs incurred to sell 3,000 units is closest to: Multiple Choice Top of Form $12,750 $7,050 $5,700 $8,700 Bottom of Form Bottom of...
Data pertaining to the direct materials inventories are as follows:   Beginning Inventory Ending Inventory Wood 2,100...
Data pertaining to the direct materials inventories are as follows:   Beginning Inventory Ending Inventory Wood 2,100 b.f. 1,600 b.f. Fiberglass 1,100 yards 2,100 yards Variable manufacturing overhead is $20 per direct labor-hour. There are also $28,770 in fixed manufacturing overhead cots budgeted for 2018. Both variable and fixed overhead costs are allocated based on direct manufacturing labor-hours. Other data include the following:   2017 Unit Price 2018 Unit Price Wood $38.00 per b.f. $40.00 per b.f. Fiberglass $14 per yard $15...
Total Per Set of Covers Direct materials $ 42,560 $ 22.40 Direct labor $ 51,300 27.00...
Total Per Set of Covers Direct materials $ 42,560 $ 22.40 Direct labor $ 51,300 27.00 Variable manufacturing overhead (based on direct labor-hours) $ 6,840 3.60 $ 53.00 During August, the factory worked only 2,800 direct labor-hours and produced 2,000 sets of covers. The following actual costs were recorded during the month: Total Per Set of Covers Direct materials (12,000 yards) $ 45,600 $ 22.80 Direct labor $ 49,000 24.50 Variable manufacturing overhead $ 7,000 3.50 $ 50.80 At standard,...
A company uses the following standard costs to produce a single unit of output. Direct materials...
A company uses the following standard costs to produce a single unit of output. Direct materials 6 pounds at $0.90 per pound = $5.40 Direct labor 0.5 hour at $12.00 per hour = $6.00 Manufacturing overhead 0.5 hour at $4.80 per hour = $2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based...
A company uses the following standard costs to produce a single unit of output. Direct materials...
A company uses the following standard costs to produce a single unit of output. Direct materials 8 pounds at $1.10 per pound = $ 8.80 Direct labor 0.50 hour at $8.00 per hour = $ 4.00 Manufacturing overhead 0.50 hour at $4.30 per hour = $ 2.15 During the latest month, the company purchased and used 76,000 pounds of direct materials at a price of $1.2 per pound to produce 10,000 units of output. Direct labor costs for the month...
3. Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials...
3. Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 5.20 Direct labor $ 3.80 Variable manufacturing overhead $ 1.35 Fixed manufacturing overhead $ 7,600 Sales commissions $ 1.70 Variable administrative expense $ 0.30 Fixed selling and administrative expense $ 5,000 For financial reporting purposes, the total amount of period costs incurred to sell 4,000 units is closest to: Multiple Choice $13,000 $8,000 $5,000 $7,600 4. Lagle Corporation has provided the following information:...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT