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The Raleigh Shirt Company makes two types of T-shirts: basic and custom. (Click the icon to view the additional information.) For March 2024, the Raleigh Shirt Company compiled the following data for the Cutting and Sewing Departments: (Click the icon to view the Cutting data.) (Click the icon to view the Sewing data.) Completed and transferred out Ending work-in-process UNITS Units to account for: Beginning work-in-process Transferred in Total units to account for Units accounted for. Completed and transferred out Ending work-in-process Total units accounted for Total costs accounted for Now complete a production report for the Sewing Department. (Complete all input fields. Enter a "0" for any zero balances. Round all cost per unit amounts Raleigh Shirt Company COSTS Costs to account for Beginning work-in-process Costs added during the period Total costs to account for Divided by: Total EUP Production Cost Report-S Month Ended Mard n/a n/a 100 1,900 2,000 n/a Whole Trans Units 1,850 150 2,000 Trans In S 280 2,470 S Data table 2,470 $ n/a n/a Materials n/a n/a 2,850 $ 0 Sewing Department Beginning balance, transferred in, $280; conversion costs, $120 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished Goods Ending balance, 70% complete Costs 2,850 $ 120 2226 5,320 0 Print Costs 5,320 400 Amount 400 $ Done ??? 2,226 ??? ??? Units 100 shirts ??? 1,850 shirts Part ??? me time period, the Raleigh Shirt Company compiled the following data for the Custom Design Departm the in to view the Custom Design data.) mquirements Requirements 1. Complete a production cost report for the Cuting Department and the Sewing Department. What is the cost of one basic shirt? 8. 2. Determine the total cost and the average cost per shirt for jobs 367, 368, 360, and 370. If the company set the sales price at 140% of the total cost, determine the total sales price of each job 3. In addition to the custom jobs, the Raleigh Shirt Company sold 1,850 basic shirts (assume the beginning balance in Finished Goods Inventory is sufficient to make these sales, and the unit cost of the basic shirts in Finished Goods Inventory is the same as the unit cost incurred this month the company set the sales price at 125% of the cost, determine the sales price per unit, total sales revenue, total cost of goods sold, and total gross profit for the basic shirts & Calculate the total revenue, total cost of goods sold, and total gross prof for all sales, basic and custom 5. Assume the company sold only basic shirts (ho custom designs) and incurred fixed costs of $500 per month 44 Calculate the contribution margin per unit, contribution margin ratio required sales in units to break even, and required sales in dollars to break even Determine the margin of safety in and doar c. Graph Raleigh Shirt Company's CVP relationships Show the break point, the sales revenue tine, the fixed cost line, the total cost fine, the operating less a area, and the operating income area d. Suppose the Raleigh Shirt Company wants to earn an operating income of $1,000 per month Compute the required sales in units and dollars to aceve this the prot goal 6. The Raleigh Shin Company is considering adding a new product line cloth shopping tag with custom screen pong that will be sold to grocery stores if the unent market price of cloth shopping bags is $1.88 and the company desires a rat profit of 60%, what is the target cost? The company estimates the full product cost of the cloth bags will be $0.45 Should the company manufacture the cloth bage? Why or why not? = 11 9 4 Print 24 P Done C Clear all nts: 5,320 nt Data table Costs Job 367 368 369 370 400 Quantity Design Fee 300 Yes No Yes Done 350 200 100 Yes Print (Click the loon to view the Read the requirements. Printing 3 colors 4 colors 5 colors 2 colors The Raleigh Shirt Company has previously determined that creating and programming the design cost $70 per design. This is a one-time charge. if a customer places another order with the same design, the customer is not charged a second time. Additionally, the cost to print is $0.40 per color per shirt Done Requirem 1. Complet Sewing D Status Complete Complete Complete Complete cloth shoppi stores. If the company des estimates the company ma $ 5,320 ts Data table Print 120 2226 Costs Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance. 400 Done Print $ Amount Units Done Data table 0 2,470 2,850 ??? Requirements 0 0 shirts 1,900 shirts 1,900 shirts 0 shirts 1 6. The Raleigh Shirt Com cloth shopping bag wit stores. If the current ma company desires a net estimates the full produ company manufacture F The Raleigh Shirt Company makes two types of T-shirts: basic and custom. (Click the icon to view the additional information.) For March 2024, the Raleigh Shirt Company compiled the following data for the Cutting and Sewing Departments: (Click the icon to view the Cutting data.) (Click the icon to view the Sewing data.) Completed and transferred out Ending work-in-process UNITS Units to account for: Beginning work-in-process Transferred in Total units to account for Units accounted for. Completed and transferred out Ending work-in-process Total units accounted for Total costs accounted for Now complete a production report for the Sewing Department. (Complete all input fields. Enter a "0" for any zero balances. Round all cost per unit amounts Raleigh Shirt Company COSTS Costs to account for Beginning work-in-process Costs added during the period Total costs to account for Divided by: Total EUP Production Cost Report-S Month Ended Mard n/a n/a 100 1,900 2,000 n/a Whole Trans Units 1,850 150 2,000 Trans In S 280 2,470 S Data table 2,470 $ n/a n/a Materials n/a n/a 2,850 $ 0 Sewing Department Beginning balance, transferred in, $280; conversion costs, $120 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished Goods Ending balance, 70% complete Costs 2,850 $ 120 2226 5,320 0 Print Costs 5,320 400 Amount 400 $ Done ??? 2,226 ??? ??? Units 100 shirts ??? 1,850 shirts Part ??? me time period, the Raleigh Shirt Company compiled the following data for the Custom Design Departm the in to view the Custom Design data.) mquirements Requirements 1. Complete a production cost report for the Cuting Department and the Sewing Department. What is the cost of one basic shirt? 8. 2. Determine the total cost and the average cost per shirt for jobs 367, 368, 360, and 370. If the company set the sales price at 140% of the total cost, determine the total sales price of each job 3. In addition to the custom jobs, the Raleigh Shirt Company sold 1,850 basic shirts (assume the beginning balance in Finished Goods Inventory is sufficient to make these sales, and the unit cost of the basic shirts in Finished Goods Inventory is the same as the unit cost incurred this month the company set the sales price at 125% of the cost, determine the sales price per unit, total sales revenue, total cost of goods sold, and total gross profit for the basic shirts & Calculate the total revenue, total cost of goods sold, and total gross prof for all sales, basic and custom 5. Assume the company sold only basic shirts (ho custom designs) and incurred fixed costs of $500 per month 44 Calculate the contribution margin per unit, contribution margin ratio required sales in units to break even, and required sales in dollars to break even Determine the margin of safety in and doar c. Graph Raleigh Shirt Company's CVP relationships Show the break point, the sales revenue tine, the fixed cost line, the total cost fine, the operating less a area, and the operating income area d. Suppose the Raleigh Shirt Company wants to earn an operating income of $1,000 per month Compute the required sales in units and dollars to aceve this the prot goal 6. The Raleigh Shin Company is considering adding a new product line cloth shopping tag with custom screen pong that will be sold to grocery stores if the unent market price of cloth shopping bags is $1.88 and the company desires a rat profit of 60%, what is the target cost? The company estimates the full product cost of the cloth bags will be $0.45 Should the company manufacture the cloth bage? Why or why not? = 11 9 4 Print 24 P Done C Clear all nts: 5,320 nt Data table Costs Job 367 368 369 370 400 Quantity Design Fee 300 Yes No Yes Done 350 200 100 Yes Print (Click the loon to view the Read the requirements. Printing 3 colors 4 colors 5 colors 2 colors The Raleigh Shirt Company has previously determined that creating and programming the design cost $70 per design. This is a one-time charge. if a customer places another order with the same design, the customer is not charged a second time. Additionally, the cost to print is $0.40 per color per shirt Done Requirem 1. Complet Sewing D Status Complete Complete Complete Complete cloth shoppi stores. If the company des estimates the company ma $ 5,320 ts Data table Print 120 2226 Costs Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance. 400 Done Print $ Amount Units Done Data table 0 2,470 2,850 ??? Requirements 0 0 shirts 1,900 shirts 1,900 shirts 0 shirts 1 6. The Raleigh Shirt Com cloth shopping bag wit stores. If the current ma company desires a net estimates the full produ company manufacture F