Direct Materials (in $'s): Total Cost for Your Direct Material Number 1 $8,241 Total Cost for Your
Question:
Direct Materials (in $'s): Total Cost for Your Direct Material Number 1 $8,241
Total Cost for Your Direct Material Number 2 $4,945
Total Cost for Your Direct Material Number 3 $3,296
Total Direct Materials (in $'s) $ 16,482
Direct Labor (in $'s) $ 13241
Variable Factory Overhead (in $'s)
Total Cost for Your F/O Number 1 $ 16,482
Total Cost for Your F/O Number 2 $ 18,241
Total Factory Overhead (in $'s) $ 34,723
Cost of Goods Manufactured 64446
(No Beg or End D/M or WIP Inventories) Sales Price Per Unit $1,177 Units Sold 100 Total Sales in $'s $117,700
Fixed Cost $25,000
WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT:
1)What is your Product's Operating income?
2)What is your Product's Contribution Margin per unit?
3)What is your Product's Contribution Margin percent?
4)How Many Units Would Have to be Sold to break even?
5)How Many Units Would Have to be Sold to Yield aTarget Operating Income of $30,000?
6)USING YOUR OPERATING INCOME IN CELL C38, What is your Product's Planned Net Income Assuming a Tax Rate of 30%?
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton