FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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pungstown Glass Company manufactures three types of safety plate glass: large, medium, and small. All three products have high demand. Thus,
oungstown Glass is able to sell all the safety glass that it can make. The production process includes an autoclave operation, which is a pressurized
eat treatment. The autodlave is a production bottleneck. Total fixed costs are $113,000 for the company as a whole. In addition, the following
nformation is available about the three products:
Large
Medium
Small
Unit selling price
$296
$154
$191
Unit variable cost
(233)
(126)
(168)
Unit contribution margin
$ 63
$ 28
$ 23
Autoclave hours per unit
4
2
Total process hours per unit
12
61
Budgeted units of production
2,200
2,200
2,200
a. Determine the contribution margin by glass type and the total company operating income for the budgeted units of production.
Large
Medium
Small
Total
Units produced
Revenues
Variable costs
Contribution margin
Fixed costs
Operating income
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Transcribed Image Text:nter cengagenow X My Home * CengageNOWv2 | Online teachin X nment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=D&inprogress3Dfalse Book Calculator pungstown Glass Company manufactures three types of safety plate glass: large, medium, and small. All three products have high demand. Thus, oungstown Glass is able to sell all the safety glass that it can make. The production process includes an autoclave operation, which is a pressurized eat treatment. The autodlave is a production bottleneck. Total fixed costs are $113,000 for the company as a whole. In addition, the following nformation is available about the three products: Large Medium Small Unit selling price $296 $154 $191 Unit variable cost (233) (126) (168) Unit contribution margin $ 63 $ 28 $ 23 Autoclave hours per unit 4 2 Total process hours per unit 12 61 Budgeted units of production 2,200 2,200 2,200 a. Determine the contribution margin by glass type and the total company operating income for the budgeted units of production. Large Medium Small Total Units produced Revenues Variable costs Contribution margin Fixed costs Operating income Check My Work 6 more Check My Work uses remaining. Previous Next> 7:09 へ 4/18/2
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Autoclave hours per unit
4
Total process hours per unit
12
Budgeted units of production
2,200
2,200
2,200
a. Determine the contribution margin by glass type and the total company operating income for the budgeted units of production.
Large
Medium
Small
Total
Units produced
Revenues
Variable costs
Contribution margin
Fixed costs
Operating income
b. Prepare an analysis showing which product is the most profitable per bottleneck hour. Round the "Unit contribution margin per production bottleneck
hour" amounts to the nearest cent.
Large
Medium
Small
Contribution margin
Autoclave hours per unit
Unit contribution margin per production bottleneck hour
Previous
Next
Check My Work 6 more Cneck My Work uses remaining
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4/18/2020
19
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F8
F9
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Transcribed Image Text:co enter cengagenow h x My Home *CengageNOWv2 | Online teachin X ssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=D&inprogress3Dfalse eBook Calculator Autoclave hours per unit 4 Total process hours per unit 12 Budgeted units of production 2,200 2,200 2,200 a. Determine the contribution margin by glass type and the total company operating income for the budgeted units of production. Large Medium Small Total Units produced Revenues Variable costs Contribution margin Fixed costs Operating income b. Prepare an analysis showing which product is the most profitable per bottleneck hour. Round the "Unit contribution margin per production bottleneck hour" amounts to the nearest cent. Large Medium Small Contribution margin Autoclave hours per unit Unit contribution margin per production bottleneck hour Previous Next Check My Work 6 more Cneck My Work uses remaining 7:09 PM 4/18/2020 19 F6 F8 F9 F10 F11 F12 Home End Insert Delete %24 %24 %24 %24 %24
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