A packaging employee making $16 per hour can package 200 items during that hour. The direct material cost is $.50 per item. What is the total direct cost of 1 item?
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- e 1 of 16)- Google Chrome om/mod/quiz/attempt.php?attempt3D1893419&cmid%3891193 NG SYSTEM (ACADEMIC) erial Accounting - Spring21 %3 Time left 1:58:1 Company XYZ has three products A, B and C. The sales mix for products A, B and C are 7,5 and 4 units respectively. The contribution margin per unit for products A, B and C are $900, $600 and $400 respectively. Assuming that the fixed costs were $2,272,000. What is the breakeven point in units (in total)? (rounded to the nearest number) O a. None of the given answers O b. 1,641 O c. 6,745 O d. 3,335 O e. 800 The contribution margin ratio is 50%. If total fixed costs are $21.000, then what is the total cost ($) of producing andW https://education.wiley. B ch01 (Fall 2020) - PRI WP Final Exam (Fall 2020) B Present Value Tables (1.. Final Exam (Fall 2020) -/6 Question 34 of 50 View Policies Current Attempt in Progress Crane Products plans to produce 10500 units in January. Each unit requires 3 pounds of plastic, which costs $2 per pound. What standard material cost would the company use to plan for production? $5250 O $3500 O $2 O $6 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air 80 F3 888 F4 F2 F5 F6 F7 F8 F9 @ 24 * 6. 7 Q W R. T Y 23RelyaTech Corporation is planning its annual budget and has the following beginning and ending inventory levels planned for the year. Beginning Ending Inventory Inventory 20,000 30,000 50,000 40,000 Finished goods (units) Raw material (grams) (ID#87731) Each unit of finished goods requires 2 grams of raw material. RelyaTech plans to sell 150,000 units during the year. Q) How much of the raw material should RelyaTech purchase during the year? Multiple Choice O O 310,000 grams 360,000 grams
- Question 5 (Marks: 30)Consider the info provided below as well as the financial statements and answer the questionsthat follow. Pearson & Litt is a manufacturing company in the Eastern Cape. Their factory manufactures glasswine bottles for the Blue Valley Beer Co. 2019 2020Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 00018; 19; 20 2020© The Independent Institute of Education (Pty) Ltd 2020Page 11 of 12Q.5.1Q.5.1.1 Calculate the break‐even point for Pearson & Litt for 2019 and 2020. (7)Q.5.1.2 Compare the results of the 2019 and 2020 break‐even point and explainwhy there might be a difference.(3)Q.5.2 The current ratio reflects the relationship between the value of the current assetsand the extent of the current liabilities of a business.…ge 4 of 16)-Mozilla Firefox arn.squ.edu.om/mod/quiz/attempt.php?attempt3D1893449&cmid%3D891193&page%33 ING SYSTEM (ACADEMIC) Time left 1:45:3 Mazoon Company's variable costs are 70% of the selling price and its fixed costs are $80,000. To realize profits of $20,000 from sales of 60,000 units, using the CVP equation, what would be the selling price per unit? O a. $1.66 O b. None of the given answers $2.38 O d. $5.56 O e. $4.44 Masirah Company sold 5,000 units of its product resulting in $70,000 of sales revenue, $25,000 of variable costs, and $14,000 of fixed costs. If variable costs decrease by $1 per unit, the new margin of safety in units is: O a. 3,600 unitsGoogle Chrome nod/quiz/review.php?attempt3D1188994&cmid%3D658013 m (Academic) Muscat Company's total sales are $130,000. The company's direct material cost is $57,000, which represents 40% of its total prime cost. Its total manufacturing overhead costs is $45,000. Its total selling and administrative expense is $18,000 and its only variable selling and administrative expense is a sales commission of 3% of sales. The company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. What is the total manufacturing cost? Select one: a. $187,500 b. $73,000 c. $197,500 d. None of the answers given e. $120,000 x f. $124,800 The correct answer is: $187,500 A classification of costs that determines whether a cost is expenséd to the income statement or capitalized to inventory is: Select one: a. Fixed versus variable. earch
- u.om/mod/quiz/attempt.php?attempt3D18933338&cmid%3D891193&page%=D15 NG SYSTEM (ACADEMIC) cerial Accounting - Spring21 Time left 0:31:27 The contribution margin ratio is 70%. If total fixed costs are $23,000, then what is the total cost ($) of producing and selling 66,550 units? The selling price is $3 per unit. O a. 59,895 O b. None of the given answers O . 176,650 O d. 116,755 O e. 139,755 CLEAR MY CHOICE FINISH ATTEMPT ... AGE4G+ 5:22 PM ě 3.5KB/s L ll 86 210917889_1941065336049... Speedy Mouse Inc, makes a special mouse for computers. Each mouse sells for P25 and annual production and sales are 120,000 units. Costs for each mouse are as follows: Direct material P6.00 3.00 Direct labor Variable overhead Variable selling expenses Total variable cost 0.80 2.20 P12.00 Total fixed overhead P589,550 IIMANUFACTORING Investigate % A packaging employee making $18 per hour can package 90 items during that hour. The direct material cost is $1.20 per item. What is the total direct cost of 1 item? A. $1.20 C. $1.40 o' F5 ^ F6 & F7 S F8 B. $0.20 a D. $1.00 DELL F9 I= ACC prtsc F10 home F11 end F12
- May I ask for an explanation and solution to the question for a better understanding. Thank you! 21. Numbers Company manufactures 3 consumer products, namely One, Two, and Three. Sales and other information related to the said products are as follows: 2019 = Product One: Units sold - 15,000, Unit Price - P10, Unit Cost - P8; Product Two: Units sold - 20,000, Unit Price - P8, Unit Cost - P7; Product Three: Units Sold - 5,000, Unit Price - P6, Unit Cost - 4.50. 2020 = Product One: Units Sold - 20,000, Total Price - P240,000, Total Cost - P180,000; Product Two: Units Sold - 20,000, Total Price - P180,000, Total Cost - P150,000; Product Three: Units Sold - 4,000, Total Price - P20,000, Total Cost - P16,000. The Sales-mix factor shows a variance of: a. P2,500 F b. P4,000 U c. P5,750 F d. P5,750 URiverbed's Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows. 2 W S X Restorers' wages and fringe benefits Purchasing agent's salary and fringe benefits Administrative salaries and fringe benefits Other overhead costs Total budgeted costs (a) Your Answer Correct Answer # 3 E The company anticipated that the restorers would work a total of 12,720 hours this year. Expected parts and materials were $1,335,600. D In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $70.00 and that the material loading charge was 83.00%. Your answer is correct. C 80 $ 4 R F V % 5 T G A Time Charges $292,560 6 63,600 25,440 $381,600 B Y H & 7 ← Material Loading Charges $71,550 U N 21,942 66,780 $160,272 * 00 8 J M ▶ 9 K O L PW NWP Assessment Player UI Application W NWP Assessment - 1023.121103 BFN-C201-1023-... th Solution Walkthrough Videos Question 3 of 7 -/0.75 View Policies Current Attempt in Progress You are trying to choose between purchasing one of two machines for a factory. Machine A costs $15,400 to purchase and has a three-year life. Machine B costs $17,500 to purchase but has a four year life. Regardless of which machine you purchase, it will have to be replaced at the end of its operating life. Assume a marginal tax rate of 35 percent and a discount rate of 13 percent. Calculate the equivalent annual costs (EAC) of each machines. (Do not round intermediate calculations. Round answers to 2 decimal places, e.g. 15.27.) Equivalent Annual Cost (EAC) of machine A $4 Equivalent Annual Cost (EAC) of machine B $4 Which machine should you choose? You should choose eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer