Miller Company's total sales are $147,000. The company's direct labor cost is $17,640, which represents 30%...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Miller Company's total sales are $147,000. The company's direct labor cost is $17,640, which represents 30% of its total conversion cost and 40% of its total prime cost. Its total selling and administrative expense is $22,050 and its only variable selling and administrative expense is a sales commission of 5% of sales. The company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. Required: 1. What is the total manufacturing overhead cost? 2. What is the total direct materials cost? 3. What is the total manufacturing cost? 4. What is the total variable selling and administrative cost? 5. What is the total variable cost? 6. What is the total fixed cost? 7. What is the total contribution margin? 1. Total manufacturing overhead cost 2. Total direct materials cost 3. Total manufacturing cost 4. Total variable selling and administrative cost 5. Total variable cost 6. Total fixed cost 7. Total contribution margin Miller Company's total sales are $147,000. The company's direct labor cost is $17,640, which represents 30% of its total conversion cost and 40% of its total prime cost. Its total selling and administrative expense is $22,050 and its only variable selling and administrative expense is a sales commission of 5% of sales. The company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. Required: 1. What is the total manufacturing overhead cost? 2. What is the total direct materials cost? 3. What is the total manufacturing cost? 4. What is the total variable selling and administrative cost? 5. What is the total variable cost? 6. What is the total fixed cost? 7. What is the total contribution margin? 1. Total manufacturing overhead cost 2. Total direct materials cost 3. Total manufacturing cost 4. Total variable selling and administrative cost 5. Total variable cost 6. Total fixed cost 7. Total contribution margin
Expert Answer:
Answer rating: 100% (QA)
1 Total manufacturing overhead cost Direct labour cost17640 This is 30 of total conversion cost soco... View the full answer
Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
Posted Date:
Students also viewed these accounting questions
-
A robot is tracking the path of a spaceship. At the instant shown the distance (r) is 15km, and the angle (?) is 30?. From successive measurements are used to estimate the derivatives. ? ,?, ?and ?...
-
A disk of radius R = 0.5 m rolls on a horizontal surface. The relationship between the horizontal distance x the center of the disk moves and the angle through which the disk rotates is x = R....
-
In the below electrical circuit consisting of a resistor (R) and an inductor (L), the battery = 4V, the resistance R = 6, and the inductor L = 0.5H. At first, the switch has been connected to 1....
-
Now apply one of those decision making models (Philosophical) to this scenario: Scenario: You are a CPA in the accounting department at a HealthCare System with three other accountants. You are good...
-
The following footnote appeared in a recent financial statement of Westinghouse Electric: The Corporation considers all investment securities with a maturity of three months or less when acquired to...
-
Microbes such as bacteria have small positive charges when in solution. Public health agencies are exploring a new way to measure the presence of small numbers of microbes in drinking water by using...
-
How would you respond to Duncans comments on the promotional mix and, in particular, to his comments about the level of advertising expenditure?
-
For The Ages Inc. produces solid-oak umbrella stands. Each stand is handmade and hand finished using the finest materials available. The firm has been operating at capacity (2,000 stands per year)...
-
Oriole Railroad Co. is about to issue $260,000 of 10-year bonds paying an 10% interest rate, with interest payable annually. The discount rate for such securities is 8%. Click here to view the factor...
-
From elementary physics, we know that when an object is subjected to a constant acceleration a, the relationship between distance d and time t is given by d = at2. Suppose that, during a seek, the...
-
20. (5 pts) An international company's segment footnote shows the following revenue data (in millions United States Europe Asia/Pacific South America Canada 2012 2011 2010 3,012 2,740 3,136 3,411...
-
An electron and a proton are fixed at the vertices of an equilateral triangle with sides of length \(a\). (a) What is the potential (relative to zero at infinity) at the apex of the triangle. \((b)\)...
-
Using information from the Application "Flight Insurance," calculate the price of fair insurance if the probability were as high as 0.00000077 , the frequency in 2001 when many people died in the...
-
(a) What is the potential at a point \(50 \mathrm{~cm}\) away from a point charge with a magnitude of \(3.0 \mathrm{nC}\) ? (b) How would the potential change if you measure the potential at a point...
-
An electron and a proton are held \(2 \mathrm{~m}\) apart. The midpoint between the electron and the proton sets the origin of a coordinate system, with the \(x\) axis pointing toward the proton. (a)...
-
Think about the community where you live for a moment. Identify a quality-of-life problem in your community related to criminal behavior that may be a fitting target for a community prosecution...
-
How does Alibaba facilitate the following B2B practices: Need recognition Product specification The RFP Process Proposal analysis, vendor negotiation, and selection Order specification Vendor...
-
To help you become familiar with the accounting standards, this case is designed to take you to the FASBs Web site and have you access various publications. Access the FASBs Web site at...
-
Daniels Company engaged in the following transactions during 2012: a. Purchased $25,000 of merchandise from XYZ Supplies on January 26. Amount due in full on February 28. b. Paid for 40 percent of...
-
Refer to the financial statements of Abercrombie & Fitch and Aeropostale that are supplied with this text. Required: 1. Look at Abercrombie & Fitchs Note 2 (Summary of Significant Accounting...
-
What are components of cost of goods available for sale and cost of goods sold?
-
The internal energy of an ideal gas depends on (a) Temperature, specific heat and volume (b) Temperature and specific heat (c) Temperature, specific heat and pressure (d) Pressure, volume and...
-
In the ammonia synthesis reaction \(\mathrm{N}_{2}+3 \mathrm{H}_{2}=2 \mathrm{NH}_{3}+22.4 \mathrm{kcal}\), the formation of \(\mathrm{NH}_{3}\) will be favoured by (a) High temperature (b) Low...
-
At constant temperature, the volume of a given mass of a gas is inversely proportional to the pressure. This is known as (a) Avogadro's law (b) Charles' law (c) Boyle's law (d) none of these.
Study smarter with the SolutionInn App