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- Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO, is considering hiring an extra worker, whose salary will be $55,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,000 more units per year. Currently, the selling price per unit is $25 and the cost per unit is $7.85. Using the information provided, calculate the annual financial impact of hiring the extra worker.HH Co. uses corrugated cardboard to ship its product to customers. Currently, the company’s returns department incurs annual overhead costs of $126,000 and forecasts 6,000 returns per year. Management believes it has found a better way to package its products. As a result, the company expects to reduce the number of shipments that are returned due to damage by 3%. In addition, the initiative is expected to reduce the department’s annual overhead by $14,000.Compute the returns department’s standard overhead rate per return (a) before the sustainability improvement and (b) after the sustainability improvement.Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO, is considering hiring an extra worker, whose salary will be $55,000 per year, to solve the problem. With this extra worker, the company could produce and sell 2,900 more units per year. Currently, the selling price per unit is $26.00 and the cost per unit is $7.60. Direct materials $3.40 Direct labor 1.10 Variable overhead 0.40 Fixed overhead (primarily depreciation of equipment) 2.70 Total $7.60 Using the information provided, calculate the annual financial impact of hiring the extra worker. What is the profit?
- Artisan Metalworks has a bottleneck in their production that occurs within the engraving department. Jamal Moore, the COO, is considering hiring an extra worker, whose salary will be $54,000 per year, to solve the problem. With this extra worker, the company could produce and sell 3,000 more units per year. Currently, the selling price per unit is $26.00 and the cost per unit is $7.75. Direct materials $3.40 Direct labor 1.10 Variable overhead 0.45 Fixed overhead (primarily depreciation of equipment) 2.80 Total $7.75 Using the information provided, calculate the annual financial impact of hiring the extra worker. Profit $fill in the blank 1At RIM, Sharpton Corporation, the engraving department is a bottleneck and the company is considering hiring an extra worker whose salary will be $55,000 per year to mitigate the problem. With the extra worker, the company will be able to produce and sell 7,000 more units per year. The selling price per unit is $14. Cost per unit currently at $8 is as follows: Direct material $2.75 Direct labour 1.00 Variable overhead 0.25 Fixed overhead (depreciation of equipment) 4.00 ----------- Total $8.00 ------------…Dover’s engineers have developed a method that would lower the printing department’s rate of defective products to 6% at the printing operation. Implementing the new method would cost $1,400,000 per month. Should Dover implement the change? Show your calculations.
- The Derby Shoe Company produces its famous shoe, the Divine Loafer, that sells for $70 per pair. Operating income for 2017 is as follows: Sales revenue ($70 per pair) $350,000 Variable cost ($30 per pair) 150,000 Contribution margin 200,000 Fixed cost 100,000 Operating income $100,000 Derby Shoe Company would like to increase its profitability over the next year by at least 25%. Q.Replace a portion of its variable labor with an automated machining process. This would result in a 20% decrease in variable cost per unit but a 15% increase in fixed costs. Sales would remain the same. Q2. Spend $25,000 on a new advertising campaign, which would increase sales by 10%. Evaluate each of the alternatives considered by Derby Shoes. Do any of the options meet or exceed Derby’s targeted increase in income of 25%? What should Derby do?Bramble Manufacturing produces basketballs used for indoor and outdoor games. The company has had significant troubles over the past few years, as the number of competitors in the basketball market has increased dramatically. Recently, the company was forced to cut back production in order to reduce its rising inventory level. The following is a list of costs for the company in 2022: Variable costs per unit Rubber $2.85 Other materials—indirect 1.30 Ball makers—direct labour 5.50 Factory electricity usage 0.40 Factory water usage 0.15 Other labour—indirect 0.27 Selling and administrative expenses 0.40 Fixed costs per year Factory property taxes $129,600 Factory sewer usage 54,000 Factory electricity usage 43,200 Selling and administrative expenses 89,640 Bramble Manufacturing had an ending inventory of 91,800 basketballs in 2021. For these units, the fixed…Bramble Manufacturing produces basketballs used for indoor and outdoor games. The company has had significant troubles over the past few years, as the number of competitors in the basketball market has increased dramatically. Recently, the company was forced to cut back production in order to reduce its rising inventory level. The following is a list of costs for the company in 2022: Variable costs per unit Rubber $2.85 Other materials—indirect 1.30 Ball makers—direct labour 5.50 Factory electricity usage 0.40 Factory water usage 0.15 Other labour—indirect 0.27 Selling and administrative expenses 0.40 Fixed costs per year Factory property taxes $129,600 Factory sewer usage 54,000 Factory electricity usage 43,200 Selling and administrative expenses 89,640 Bramble Manufacturing had an ending inventory of 91,800 basketballs in 2021. For these units, the fixed…
- Arturito Company was approached by the Jordan Brand to purchase 10,000 pairs of shoes for P550. The company currently operates at 45,000 pairs. The maximum capacity of Arturito is 50,000 pairs. If arturito will accept the order, it will need to stop some of their operations. The shoes normally sell for P600. Costs pertaining to the production are as follows: Manufacturing costs are as follows: Direct material per unit P200 Direct labor per unit 180 Variable overhead per unit 50 Fixed overhead per unit 30 Period costs are as follows: Variable selling costs P20 per unit Fixed administrative costs 450,000 If the company will accept the order: It will not incur any selling costs. Variable overhead of P12 per unit will not be incurred. Exportation costs of P150,000 will be incurred. If Arturito will accept the special order, what is the…Arturito Company was approached by the Jordan Brand to purchase 10,000 pairs of shoes for P550. The company currently operates at 45,000 pairs. The maximum capacity of Arturito is 50,000 pairs. If arturito will accept the order, it will need to stop some of their operations. The shoes normally sell for P600. Costs pertaining to the production are as follows: Manufacturing costs are as follows: Direct material per unit P200 Direct labor per unit 180 Variable overhead per unit 50 Fixed overhead per unit 30 Period costs are as follows: Variable selling costs P20 per unit Fixed administrative costs 450,000 If the company will accept the order: It will not incur any selling costs. Variable overhead of P12 per unit will not be incurred. Exportation costs of P150,000 will be incurred. If Arturito will accept the special order,…A business is operating at 90% capacity and is currently purchasing a part which is being used in its manufacturing operations for P15 per unit. The unit cost for the business to make the part is P20, including fixed costs, and P12, not including fixed costs. If 30,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost, increase or (decrease), from making the part rather than purchasing it?