East Company manufactures several different products. The unit costs associated with product ORD105 are as follows: Direct
Question:
East Company manufactures several different products. The unit costs associated with product ORD105 are as follows:
Direct materials $54 | $54 | |
Direct manufacturing labor 8 | 8 | |
Variable overall production load 11 | 11 | |
Fixed production overhead 25 | 25 | |
Sales commissions (2% of sales) 5 | 55 | |
Administrative salaries 12 | 12 | |
Total 115 | $115 |
What is the percentage of total fixed costs per unit relative to total cost associated with the ORD105 Product?
The Pederson Company reported the following:
Production cost $315,000 | $ 315,000 | |||
Produced units 7,000 | 7,000 | |||
Units sold 6,300 units sold for $115 per unit | 6,300 | units sold $115 per unit | ||
Starting inventory 1,750 units | 1,750 | units |
What is the production cost for the finished goods inventory?
The following information relates to Expert System Corporation:
Inventory of initial work $15,000 | $15.000 | |
Inventory of work in progress 24,000 | 24,000 | |
Initial product inventory 38,000 | 38,000 | |
Finished goods inventory 30,000 | 30.000 | |
Cost of manufactured goods 250,000 | 250.000 | |
Sales 304.000 | 304,000 |
What is the gross profit margin earned by the company?
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer