Kingbird Group provides many of the laminated products that teachers une in their classrooms Kingbind management considers the company to also be quite green as it captures the small cut-out pieces and sells them to an organization that uses them in its production of plastic tableware To date, Kingbird has treated these cut-outs as a by product, since it receives a small value for the items upon sale. The quantities and values of both the main laminated products and the small cut-outs, created in a joint process that costs $1,900, are as follows. Both products are sold at the spile-off point and not processed further All sales are on account. Main laminated products Small cut outs Units Produced 2.200 600 Sales Value per Unit $2 050

Nn.148. Subject  :- Account

MSI has been approached by a fourth-grade teacher from Portland about the possibility of creating a specially designed game that would be customized for her classroom and environment. The teacher would like an educational game to correspond to her classroom coverage of the history of the Pacific Northwest, and the state of Oregon in particular. MSI has not sold its products directly to teachers or school systems in the past, but its Marketing Department identified that possibility during a recent meeting. The teacher has offered to buy 2,100 copies of the CD at a price of $7.00 each. MSI could easily modify one of its existing educational programs about U.S. history to accommodate the request. The modifications would cost approximately $370. A summary of the information related to production of MSI's current history program follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost per unit Sales price per unit $ 1.17 0.49 2.05 1.80 $…

Katharine McKnight is the owner of Action Bikes, a company that produces high quality cross-country bicycles Action Bikes participates in a supply chain that consists of suppliers, manufacturers, distributors, and elle bicycle shops. For several years Action Bikes has purchased tanium from suppliers in the supply chain Action Bikes uses stasium for the bicycle trames because it is stronger and lighter than other metals and therefore increases the quality of the bicycle. Earlier this year, Action Bikes hired Michael Alderman, a recent graduate from State University, as purchasing manager Michael beleved that he could reduce costs if he purchased titanium from an online marketplace at a lower price (Click the icon to view the standard and actual information) Read the requirements Requirement 1. Compute the direct materials price and efficiency variances Lef's begin by calculating the cost for the actual input at the budgeted price Actual input Budjeted price . Deact materials (purchases)…