Gelb Company currently makes a key part for its main product. Making this part incurs per unit variable costs of $1.30 for direct materials and $0.85 for direct labor. Incremental overhead to make this part is $1.44 per unit. The company can buy the part for $3.76 per unit. (a) Prepare a make or buy analysis of costs for this part. (Enter your answers rounded to 2 decimal places.) (b) Should Gelb make or buy the part? (a) Make or Buy Analysis Direct materials Direct labor Overhead Cost to buy Cost per unit Cost difference (b) Company should: Make Buy

Stancil Dry Cleaners has determined the following about its​ costs: Total variable expenses are$42,000​,total fixed expenses are $24,000, and the sales revenue needed to break even is $48,000. Determine the​ company's current​ 1) sales revenue and​ 2) operating income. ​(​Hint:​ First, find the contribution margin​ ratio; then prepare the contribution margin income​ statement.)       Use the contribution margin income statement and the shortcut contribution margin approaches to determine Stancil's current​ (1) sales revenue and​ (2) operating income. Begin by computing the contribution margin ratio. ​(Enter the result as a whole​ number.) The contribution margin ratio is   %.

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Ptarmigan Company produces two products. Product A has a contribution margin of $20 and requires 4 machine hours. Product B has a contribution margin of $18 and requires 3 machine hours. Determine the most profitable product assuming the machine hours are the constraint. Contribution margin per machine hour: Product A $fill in the blank 1 Product B $fill in the blank 2 Product   is the most profitable.

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Jamison Company uses the total cost method of applying the cost-plus approach to product pricing. Jamison produces and sells Product X at a total cost of $1,200 per unit, of which $820 is product cost and $380 is selling and administrative expenses. In addition, the total cost of $1,200 is made up of $680 variable cost and $520 fixed cost. The desired profit is $180 per unit. Determine the markup percentage on total cost.fill in the blank 1 %

! Required information [The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow. Direct Labor- Hours per unit 0.60 0.60 Rims Posts Additional information about the company follows: a. Rims require $17 in direct materials per unit, and Posts require $14. b. The direct labor wage rate is $20 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Activity Cost Pool Machine setups Special processing General factory Annual Production 26,000 units 84,000 units Unit product cost of Rims Unit product cost of Posts Activity Measure Number of setups Machine-hours Direct labor-hours $ Estimated Overhead Cost $39,480 $ 146,160 $ 1,092,000 36.31 Estimated Activity Rims 80 3,000 15,600 Posts 320 0 50,400 2. Determine the unit product cost of each product according to the ABC…

Sunland Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct materials $20, direct labour $14, variable manufacturing overhead $17, fixed manufacturing overhead $24, variable selling and administrative expenses $9, and fixed selling and administrative expenses $16. The company's ROI per unit is $17. (a) Calculate Sunland Corporation's markup percentage using absorption-cost pricing. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage eTextbook and Media Save for Later % (b) The parts of this question must be completed in order. This part will be available when you complete the part above.

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Pharoah Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range of output as follows. Output in Units 1,000 2,000 Rent Cost $6,940 6,940 3,000 11,104 4,000 11,104 5,000 11,104 6,000 11,104 7,000 11,104 8,000 11,104 9,000 13,880 10,000 13,880 11,000 13,880 Direct Materials $5,550 6,000 6,000 8,000 10,000 12,000 14,000 16,000 40,668 48,580 61,072