Pistons Valves Cams Budgeted Volume (Units) 6,000 13,000 1,000 Direct Labor Hours Per Unit Pistons Valves Cams 0.30 0.50 0.10 Price Per Unit Direct Labor Hours Per Unit dih dlh $40 dih 21 The estimated direct labor rate is $20 per direct labor hour. Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Isaac Engines is $235,200. If required, round all per unit answers to the nearest cent. 55 a. Determine the plantwide factory overhead rate. $ per dlh b. Determine the factory overhead and direct labor cost per unit for each product. Direct Materials Per Unit $9 5 20 Factory Overhead Cost Per Unit Isaac Engines Inc. Product Line Budgeted Gross Profit Direct Labor Cost Per Unit c. Use the information provided to construct a budgeted gross profit report by product line for the year ended December 31, 20Y2. Include the gross profit as a percent of sales in the last line of your report, rounded to one decimal place.

Northern Sparks. sells sparkplug for $48 each. The direct materials cost per unit is $15 and the direct labor is 0.50 hours at a rate of $28 per hour. Fixed manufacturing overhead is budgeted at $72,500 per period. Calculate the break even point in units. (Remember: You cannot sell partial units).

Baxter Company sold 9,200 units at $145 per unit. Normal production is 9,600 units. Standard: 5 yards per unit at $6.30 per yard Standard: 2.75 hours per unit at $16.00 Standard: Variable overhead at $1.05 per unit Standard: Fixed overhead $216,000 (budgeted and actual amount) Actual yards used: 47,020 yards at $6.25 per yard Actual hours worked: 25,050 hours at $15.90 per hour Actual total factory overhead: $236,500 Prepare an income statement that includes variances for the year ending December 31 through gross profit for Baxter Company using the above information. Enter favorable variances as negative numbers. Do not round fixed overhead rate calculation when determining fixed factory overhead volume variance. Line Item Description Sales Baxter Company Income Statement Through Gross Profit For the Year Ending December 31 Cost of goods sold-at standard Gross profit-at standard Less variances from standard cost Direct materials price Direct materials quantity Direct labor rate Direct…

The per-unit production costs for a product is as follows: $15 direct materials; $10 direct labour; $5 variable overhead.   In addition, there is a $20,000 fixed overhead per week. Period costs are $10 variable selling costs per unit, and $40,000 fixed selling and administrative costs per week. The break-even point for the week was 3,000 units. What was the selling price used?    1)  $60   2)  $40   3)  $20   4)  None of the listed choices are correct