E23.3 (LO 2) Moonbeam Company manufactures toasters. For the first 8 months of 2020, the com- pany reported the following operating results while operating at 75% of plant capacity:
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- Kk176.E7.3 (LO 2), AN Moonbeam Company manufactures toasters. For the first 8 months of 2022, the company reported the following operating results while operating at 75% of plant capacity: Sales (350,000 units) Cost of goods sold Gross profit Operating expenses Net income Cost of goods sold was 70% variable and 30% fixed; operating expenses were 80% variable and 20% fixed. In September, Moonbeam receives a special order for 15,000 toasters at $7.60 each from Luna Company of Ciudad Juarez. Acceptance of the order would result in an additional $3,000 of shipping costs but no increase in fixed costs. Instructions a. Prepare an incremental analysis for the special order. b. Should Moonbeam accept the special order? Why or why not? Use incremental analysis for special order. $4,375,000 2,600,000 1,775,000 840,000 $935,000Rubble, Inc. produced 1,180 backpacks, the company's product in 2020. The standard cost was 4 yards of cloth at a standard cost of $1.00 per yard. The accounting records show that 2,900 yards of cloth were used, and the company paid $1.05 per yard. Standard time to make the backpacks was 2 direct labor hours per unit at a standard rate of $9.65 per direct labor hours. Employees worked a total of 1,600 hours and were paid $9.15 per hour.Calculate the direct materials cost variance.
- Campbell Manufacturing Company produced 1,400 units of inventory in January Year 2. It expects to produce an additional 9,000 units during the remaining 11 months of the year. In other words, total production for Year 2 is estimated to be 10,400 units. Direct materials and direct labor costs are $74 and $71 per unit, respectively. Campbell expects to incur the following manufacturing overhead costs during the Year 2 accounting period. Production supplies Supervisor salary Depreciation on equipment Utilities Rental fee on manufacturing facilities Required a. Combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. b. Determine the cost of the 1,400 units of product made in January. Complete this question by entering your answers in the tabs below. Required A Required B $6,500 186,000 126,000 17,000 223,500 Determine the cost of the 1,400 units of product made in January. Allocated Cost Indirect…Company ABC has the following Monthly Incurred Costs for the Year 2021: January = P 174, 000.00 February = P 135,200.00 March = P 200,000.00 April = P 230,000.00 May = P 260,000.00 June = P 132,000.00 July = P 35,000.00 August = P 340,000.00 September = P 170,000.00 October = P 30,000.00 November = P 230,000.00 December = P 180,000.00 What is the Equivalent Uniform Quarterly Cost incurred by the company the the available Interest rate is 12% compounded semi-annually.ABC Pty Ltd purchases and uses 5 000 units of a component per month in production. The fixed cost per order of the component is R 300 and the carrying cost per unit per annum is R 75. The time taken between placing the order and receiving the order from the supplier is 15 days while the company’s target safety inventory is three times that of the supplier’s delivery days. 365 days in year. The company makes use of EOQ method. Calculate the EOQ. (4) Calculate the total annual ordering cost for the company (3) Calculate the reorder point. (3) Calculate the total annual carrying cost for the company. (5) Total (15)
- Acme Materials Company manufactures and sells synthetic coatings that can withstand high temperatures. Its primary customers are aviation manufacturers and maintenance companies. The following table contains financial information pertaining to cost of quality (COQ) in 2019 and 2020 (in thousands of dollars): 2019 2020 Sales $ 16,800 $ 20,800 Materials inspection 380 68 In-process (production) inspection 168 133 Finished product inspection 330 78 Preventive equipment maintenance 28 68 Scrap (net) 580 380 Warranty repairs 780 530 Product design engineering 158 350 Vendor certification 18 68 Direct costs of returned goods 355 88 Training of factory workers 48 148 Product testing—equipment maintenance 68 68 Product testing labor 290 98 Field repairs 78 48 Rework before shipment 320 208 Product-liability settlement 440 68…Information concerning sales and production for ABC Co. for November 2019 are summarized asfollows:A. Estimated Sales:Product X: 80,000 units at $60, per unitProduct Y: 40,000 units at $130 per unitB. Estimated inventories, November 1, 2019Material A: 8,000 lbs Product X: 6,000 units at $34 per unit $204,000Material B: 7,000 lbs Product Y: 5,400 units at $70 per unit 378,000Total $582,000C. Desired inventories at November 30,2019Material A: 6,000 lbs Product X: 5,000 units at $34 per unit $170,000Material B: 5,000 lbs Product Y: 4,000 units at $70 per unit 280,000Total $450,000D. Direct materials used in productionProduct X Product YMaterial A 1.4 lbs per unit 7.0 lbs per unitMaterial B 2.4 lbs per unit 3.6 lbs per unitE. Unit costs for direct materialsMaterial A: $ 8.0 per lbMaterial B: $ 4.0 per lbF. Direct labor requirementsDepartment 1 Department 2Product X 0.8 hr per unit 0.30 hr per unitProduct Y 1.2 hr per unit 0.50 hr per unitWhat to do:1. Prepare a sales budget for November2.…Wana ans