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- QUESTION 9 QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each alternative are listed below: Alternative A Alternative B Projected revenue $ 62,500 $ 75,000 Unit-level costs 12,500 18,000 Batch-level costs 6,250 12,000 Product-level costs 7,500 8,500 Facility-level costs 5,000 6,250 What is the differential revenue for this decision? $62,500 $25,000 $75,000 $12,5006 TB Problem Qu. 7-133 Shotz Corporation sells... Shotz Corporation sells three products: J, K, and L. The following information was taken from a recent budget: Unit sales Selling price Variable cost A. Sales mix: J K L B. Weighted-average CM C. Break-even volume: J KL J 68,000 K $ 88 54 K 221,000 $ Total fixed costs are anticipated to be $3,081,000. Required: A. Determine Shotz's sales mix. B. Determine the weighted-average contribution margin. (Round your answer to 2 decimal places.) C. Calculate the number of units of J, K, and L that must be sold to break even. 78 58 % % % L 51,000 units units units $ 67 41Question 1 Part II Advent Corporation started to produce automated garbage bins. The company uses a standard cost system and determines that it should take two hours of direct labour to produce one garbage bin.The normal production capacity for the company’s bins is 62,500 units per year. The total budgetedoverhead at normal capacity is $450,000 comprised of $200,000 of variable costs and $250,000 of fixedcosts. Advent Corporation applies overhead on the basis of direct labour hours.During the current year, Advent Corporation produced 95,000 bins, worked 99,000 direct labour hours,and incurred variable overhead costs of $265,000 and fixed overhead costs of $326,200. Required:a. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate.b. Compute the applied overhead for Advent for the year. c. Compute the total overhead variance.
- QUESTION 4 Millenium Bhd is a manufacturing company which produces one type of product, Z3. The current year's budget based on the production and sales of 40,000 units of Z3 shows the following data: RM Total variable costs 2,520,000 Fixed overhead costs: Production 2,900,000 Administrative 500,000 Selling and distribution 578,000 Total contribution 4,680,000 The manager is not satisfied with the current sales and budgeted annual profit. He wishes to have a minimum annual profit of RM1,000,000. He suggests that the product should be advertised on television which will incur additional cost of RM50,000. He also proposes to hire a consultant and the annual fee is RM252,000. As a result of these sales volume will increase by 32%. The variable cost per unit will remain unchanged. Required: a. Using the current budgeted data only, calculate: i) the annual profit ii) the selling price per unit iii) the break-even point in units b. Based on the manager's suggestions, calculate: i) the new…TB Problem Qu. 12-189 (Algo) Wehrs Corporation has received a request for a special... Wehrs Corporation has received a request for a special order of 9,800 units of product K19 for $47.50 each. The normal selling price of this product is $52.60 each, but the units would need to be modified slightly for the customer. The normal unit product cost of product K19 is computed as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost $18.30 7.60 4.80 7.70 $38.40 Direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like some modifications made to product K19 that would increase the variable costs by $7.20 per unit and that would require a one-time investment of $47,000 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for…Problem 6-21 (Algo) Segment Reporting and Decision Making [LO6-4] Vulcan Company's contribution format income statement for June is as follows: Vulcan Company Income Statement For the Month Ended June 30 Sales. Variable expenses Contribution margin Fixed expenses Net operating income $ 800,000 300,000 500,000 460,000 $ 40,000 Management wants to improve profits and gathered the following data: a. The company is divided into two sales territories-Northern and Southern. The Northern Territory recorded $400,000 in sales and $208,000 in variable expenses during June; the remaining sales and variable expenses were recorded in the Southern Territory. Fixed expenses of $172,000 and $88,000 are traceable to the Northern and Southern Territories, respectively. The rest of the fixed expenses are common to the two territories. b. The company is the exclusive distributor for two products-Paks and Tibs. Sales of Paks and Tibs totaled $125,000 and $275,000, respectively, in the Northern territory…
- Problem 13-41 (Algo) Target Cost; Warehousing [LO 13-1] Caldwell Supply, a wholesaler, has determined that its operations have three primary activities: purchasing, warehousing, and distributing. The firm reports the following operating data for the year just completed: Activity Cost Driver Quantity of Cost Driver Cost per Unit of Cost Driver Purchasing Number of purchase orders 1,060 $156 per order Warehousing Number of moves 8,600 36 per move Distributing Number of shipments 560 86 per shipment Caldwell buys 100,600 units at an average unit cost of $16 and sells them at an average unit price of $26. The firm also has fixed operating costs of $250,600 for the year. Caldwell’s customers are demanding a 16% discount for the coming year. The company expects to sell the same amount if the demand for price reduction can be met. Caldwell’s suppliers, however, are willing to give only a 10% discount. Required:Caldwell has estimated that it can reduce the number of…--/1 Question 14 View Policies Current Attempt in Progress A company uses 80000 gallons of materials for which they paid $3 a gallon. The materials price variance was $80000 favorable. What is the standard price per gallon? O $3.00 O $2.00 O $4.00 O $1.00 hp f12 f11 10 fg 144 18 17 4+ f6 &Question V – Allocate Costs with Reciprocal Method (8 Marks) Anchor Company manufactures a variety of tool boxes. They have two operating divisions – Corporate Sales and Consumer Sales – and two support divisions –Admin and IT. Each operating division operates independently. Anchor uses the number of employees to allocate Admin costs and computer processing time to allocate IT costs. The following data are available for the month: SUPPORT DEPT OPERATING DEPT Admin IT Corp Sales Cons. Sales Budgeted costs before interdivision allocations $170,000 $400,000 $2,000,000 $1,000,000 Admin budgeted # of employees 40 80 70 IT budgeted # of processing time (in minutes) 600 4,000 3,400 REQUIRED: Using the reciprocal method, allocate the support department costs.
- 1 4 points Skipped TB MC Qu. 10A-86 (Static) Tierman Incorporated makes a single product--a... Tierman Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted fixed manufacturing overhead Budgeted production (a) $ 221,700 15,000 units Standard hours per unit (b) eBook Budgeted hours (a) x (b). Actual production (a) Standard hours per unit (b) Standard hours allowed for the actual production (a) x (b) Actual fixed manufacturing overhead The fixed overhead volume variance is: 2.00 machine-hours 30,000 machine-hours 17,000 units 2.00 machine-hours 34,000 machine-hours $ 207,700 Multiple Choice-/1 Question 7 View Policies Current Attempt in Progress Swifty Corporation has a materials price standard of $2.00 per pound. 5100 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5100 pounds, although the standard quantity allowed for the output was 4900 pounds. Swifty Corporation's materials quantity variance is O $400 U. O $440 U. $400 F. $440 F. (hp 16 17 feTB Problem 07-171 Tullius Corporation has received a request... Tullius Corporation has received a request for a special order of 8,300 units of product C64 for $45.20 each. The normal selling price of this product is $50.30 each, but the units would need to be modified slightly for the customer. The normal unit product cost of product C64 is computed as follows: Direct materials $ 16.00 Direct labor 5.30 Variable manufacturing overhead 2.50 Fixed manufacturing overhead 5.40 Unit product cost $ 29.20 Direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like some modifications made to product C64 that would increase the variable costs by $4.90 per unit and that would require a one-time investment of $44,700 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company…