Galvin Motors assembles the fully electric Model S-85 automobile at its Hayward, California, plant. The standard...

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Galvin Motors assembles the fully electric Model S-85 automobile at its Hayward, California, plant. The standard variable manufacturing cost per vehicle in 2017 is $56,600, which consists of: Galvin started production of the Model S-85 in 2017. The actual production and sales figures for the first three months of the year are: Read the requirements. The total manufacturing cost per unit is $ 76,620 Requirement 2. Compute the monthly operating income for January, February, and March under absorption costing. What amount of bonus is paid each month to Kaz Schmid? Data Table Complete the income statement first, then compute the bonus paid each month to Kaz Schmid. (Complete all answer boxes. Enter a "0" for any zero balance accounts. Label any v not have a variance, do not select a label. Abbreviation used; Adj. = Adjustment, Mfg. = Manufacturing.) Data Table January February March Revenues 174600000 232800000 329800000 January February March Cost of goods sold: Production 3.300 2,200 3,500 Beginning inventory Direct materials 32,000 1,800 3,400 Sales 2,400 Direct manufacturing labor $ 11,600 Variable manufacturing overhead 13,000 Print Done i More Info More Info Kaz Schmid is SVP of Galvin and director of the Hayward plant. His compensation includes a bonus that is 0.20% of monthly operating income, calculated using absorption costing. Galvin prepares absorption-costing income statements monthly, which include an adjustment for the production-volume variance occurring in that month. There are Variable manufacturing overhead is allocated to vehicles on the basis of assembly time. The standard assembly time per vehicle is 26 hours. The Hayward plant is highly automated and has a practical capacity of 3,600 vehicles per month. The budgeted monthly fixed manufacturing overhead is $52,052,000. Fixed manufacturing overhead is allocated on the basis of the standard assembly time for the budgeted normal capacity utilization of the plant. For 2017, the budgeted normal capacity utilization is 2,600 vehicles per month. variable cost variances or fixed overhead spending Choose from any list or enter any number in the input fields and t variances in the first three months of 2017. The Hayward plant is credited with revenue (net of marketing costs) of $97,000 for the sale of each Galvin S-85 vehicle, Galvin Motors assembles the fully electric Model S-85 automobile at its Hayward, California, plant. The standard variable manufacturing cost per vehicle in 2017 is $56,600, which consists of: Galvin started production of the Model S-85 in 2017. The actual production and sales figures for the first three months of the year are: Read the requirements. The total manufacturing cost per unit is $ 76,620 Requirement 2. Compute the monthly operating income for January, February, and March under absorption costing. What amount of bonus is paid each month to Kaz Schmid? Data Table Complete the income statement first, then compute the bonus paid each month to Kaz Schmid. (Complete all answer boxes. Enter a "0" for any zero balance accounts. Label any v not have a variance, do not select a label. Abbreviation used; Adj. = Adjustment, Mfg. = Manufacturing.) Data Table January February March Revenues 174600000 232800000 329800000 January February March Cost of goods sold: Production 3.300 2,200 3,500 Beginning inventory Direct materials 32,000 1,800 3,400 Sales 2,400 Direct manufacturing labor $ 11,600 Variable manufacturing overhead 13,000 Print Done i More Info More Info Kaz Schmid is SVP of Galvin and director of the Hayward plant. His compensation includes a bonus that is 0.20% of monthly operating income, calculated using absorption costing. Galvin prepares absorption-costing income statements monthly, which include an adjustment for the production-volume variance occurring in that month. There are Variable manufacturing overhead is allocated to vehicles on the basis of assembly time. The standard assembly time per vehicle is 26 hours. The Hayward plant is highly automated and has a practical capacity of 3,600 vehicles per month. The budgeted monthly fixed manufacturing overhead is $52,052,000. Fixed manufacturing overhead is allocated on the basis of the standard assembly time for the budgeted normal capacity utilization of the plant. For 2017, the budgeted normal capacity utilization is 2,600 vehicles per month. variable cost variances or fixed overhead spending Choose from any list or enter any number in the input fields and t variances in the first three months of 2017. The Hayward plant is credited with revenue (net of marketing costs) of $97,000 for the sale of each Galvin S-85 vehicle,

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a Fixed manufacturing overhead cost per unit 52052000 2600 vehicles x 26 standard hours 770 per stan... View the full answer