Dominion Industries manufactures three models of a product in a single plant with two departments: Cutting and Assembly. The company has estimated costs for each of the three product models: the Economy, the Standard, and the Premium models. The company is currently analyzing direct labor hour Requirements for the upcoming year in picture 1. Budgeted unit production for each of the products is as follows in picture 2. Requirement Prepare a direct labor budget for the upcoming year that shows the budgeted direct labor costs for each department and for the company as a whole

Dominion Industries manufactures three models of a product in a single plant with two departments: Cutting and Assembly. The company has estimated costs for each of the three product models: the Economy, the Standard, and the Premium models. The company is currently analyzing direct labor hour Requirements for the upcoming year in picture 1. Budgeted unit production for each of the products is as follows in picture 2. Requirement Prepare a direct labor budget for the upcoming year that shows the budgeted direct labor costs for each department and for the company as a whole

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4MC: A companys contribution margin per unit is $25. It the company increases its activity level from 200...

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The following is last month's contribution format income statement: Sales (12 000 units) ................ R1 200 000 Less variable expenses .............. 700 000 Contribution margin ................. 500 000 Less fixed expenses ................. 300 000 Net income .......................... R 200 000 What is the company's margin of safety percentage to the nearest whole percent? A. 42% B. 17% C. 20% D. 40%
how do I explain this? Metric Score Percent of Total Possible Contribution Margin 4.7 /5 Plant Utilization 5.0 /5 Days of Working Capital 5.0 /5 Stock-out Costs 5.0 /5 Inventory Carrying Costs 3.6 /5 Overall Score 23.3 /25
Selling price per unit $ 100Variable expenses per unit $ 40Fixed expenses per month $ 60,000 The contribution margin ratio is: a. 40% b. 60% c. 62.5% d. 70%
1. Calculate total direct costs and total indirect (MOH) costs. (Enter amounts in thousands) Total direct cost $_________ Total indirect (MOH) cost $_______ 2. Assume Dwifty used a budgeted MOH rate to apply MOH costs, and the total cost applied this year is $289,000. How much did the company under-or overapply for its MOH costs? MOH costs was _______________(underapplied, overapplied, not over/underapplied by $_______________.
QS 22-11 Performance measures LO A1, A2 Investment Center A B Sales $ ? $ 10,400,000 Net income $ 352,000 $ ? Average invested assets $ 1,400,000 $ ? Profit margin 8 % ? % Investment turnover ? 1.5 Return on investment ? % 12 % Use the information in the table above to compute each department’s contribution to overhead (both in dollars and as a percent). (Round your final answers to 2 decimal places.)
5. Calculate the direct material from the following information: Direct expenses RO 90,000, Direct labor RO 20,000, manufacturing overheads RO 30,000 and prime cost RO 170,000. a.RO 21,000 b.RO18,000 c.RO 60,000 d.RO 20,000 6. Which of the following are used for calculating economic order frequency? i. Total annual consumption ii. No of order per year iii. Buying cost per order iv. 365 days a.i and ii b.ii and iv c.iii and iv d.i and iv
10. If total fixed costs decreases while the sale price per unit and the variable costs per unit remain constant, the: (A) contribution margin increases (B) contribution margin decreases (C) breakeven point increases (D) breakeven point decreases 11. A business always absorbs its overheads on labour hours. In the 8th period 18,000 hours were worked, actual overheads were $279,000 and there was$36,000 over-absorption. The overhead absorption rate per hour was: (A) $15.50 (B) $17.50 (C) $18.00 (D) $13.50
Total sales = $120,000. Contribution Margin = 40%. Segment Performance MArgin = 15%. Segment MArgin = 7%. Compute Traceable NOT Controllable Fixed Expenses ($s).
3- The company produces 17.5 million bore units Next cash outlay 155,53, 47 Calculate total productivity. Only the results please
10. The following cost relate to XYZ Corp for the year:Sales commission expenses P 185,000Direct materials 215,000Conversion cost 435,000Factory overhead 190,000 (40% of which is fixed)What is the TOTAL VARIABLE MANUFACTURING COSTS?
Q9. A company sells a product for $6.7 per unit. Fixed expenses total $37.53k per month and variable expenses are $2.5 per unit. Calculate the number of units that must be sold each month to realize a profit of 15.52% of sales.
III. NadasellsorangejuiceforOMR1.00pergallon.ThevariablecostperunitisOMR0.80,andthefixed costs per month are OMR 1,000. You are required to;A) Calculate the total costs if Nada produces 10,000 units? B)Calculate the total profit earned by Nada if they produce and sell 10,000 units?