JSON-2603 Inc. produces Products X5, Y8, and Z9. The following table provides per unit information relating to the three products: Product Y8 X5 Z9 $ 90.00 $ 66.00 $ 80.00 Selling price Variable expenses: Direct materials 27.00 18.00 9.00 27.00 31.50 47.00 Other variable expenses Total variable expenses Contribution margin 54.00 49.50 56.00 $36.00 $ 24.00 $ 16.50 25% Contribution margin ratio 40% 30% JSON-2603 has enough demand to sell 700 units of each product per month. Each product requires the same direct materials in its production. The direct materials cost $3 per pound. The company will at most have 5,700 pounds of the direct materials available every month. What is the maximum contribution margin that JSON-2603 can earn per month using its 5,700 pounds of direct materials optimally? O $ 31,200

JSON-2603 Inc. produces Products X5, Y8, and Z9. The following table provides per unit information relating to the three products: Product Y8 X5 Z9 $ 90.00 $ 66.00 $ 80.00 Selling price Variable expenses: Direct materials 27.00 18.00 9.00 27.00 31.50 47.00 Other variable expenses Total variable expenses Contribution margin 54.00 49.50 56.00 $36.00 $ 24.00 $ 16.50 25% Contribution margin ratio 40% 30% JSON-2603 has enough demand to sell 700 units of each product per month. Each product requires the same direct materials in its production. The direct materials cost $3 per pound. The company will at most have 5,700 pounds of the direct materials available every month. What is the maximum contribution margin that JSON-2603 can earn per month using its 5,700 pounds of direct materials optimally? O $ 31,200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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STANDARD COSTINGA company produces a product which has a standard variable production cost of $8 per unit made up as follows:$ per unitDirect material $4.60 (2kg X $2.30 per kg)Direct labour $2.10 (0.7 hours X $3.00 per our)Variable overhead $1.30Fixed manufacturing costs are treated as period costs. The following information is availablefor the period just ended.Variable manufacturing cost of sales (at standard cost) $263,520Opening stock of finished goods (at standard cost) $120,800Closing stock of finished goods (at standard cost) $146,080Direct material rice variance $2,571 unfavourableRaw materials used in manufacture (at actual cost) $170,310Direct labour rate variance $4,760 unfavourableDirect labour efficiency variance $3,240 favourableRequired:(a) Determine for the period just ended(i) the number of units produced(ii) the raw material usage variance(iii) the total actual direct labour cost, and(iv) the actual cost per kg of raw material used.
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The following data have been collected for four different cost items. Cost at Cost 100 Cost at Item units 140 units W $8,000 $10,560 X $5,000 $ 5,000 $6,500 $ 9,100 Z $6,700 $ 8,580 NAX Y Which of the following classifications of these cost items by cost behavior is correct? A) B) C) D) Cost W variable mixed variable mixed Cost X fixed fixed fixed fixed Cost Y mixed variable variable mixed Cost Z variable mixed variable mixed
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