The Montreal Opera House has two types of seats: Regular seats and prime seats. The fixed costs sum up to $48,000. Below you find further relevant information: Regular Seats Prime Seats Sales Mix in Units 90% 10% Selling Price Unit CM CM Ratio $16 $6 37.5% $20 $10 50% The total manufacturing costs incurred for the year are $200,000. The overhead cost was 60% of the direct labor cost, and the direct materials cost was $25,000. Direct labor cost was
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- Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?Remarkable Enterprises requires four units of part A for every unit of Al that it produces. Currently, part A is made by Remarkable, with these per-unit costs in a month when 4,000 units were produced: Variable manufacturing overhead is applied at $1.60 per unit. The other $0.50 of overhead consists of allocated fixed costs. Remarkable will need 8,000 units of part A for the next years production. Altoona Corporation has offered to supply 8,000 units of part A at a price of $8.00 per unit. If Remarkable accepts the offer, all of the variable costs and $2,000 of the fixed costs will be avoided. Should Remarkable accept the offer from Altoona Corporation?Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 s used in direct labor, while the direct material for the double is $40 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 9,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?
- Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $42. The following cost data per fan is based on a full capacity of 150,000 fans produced each period. Direct materials Direct labor Manufacturing overhead (70% variable and 30% unavoidable fixed) $8 $9 $10 A special order has been received by Landor for a sale of 25,000 fans to an overseas customer. The only selling costs that would be incurred on this order would be $4 per fan for shipping. Landor is now selling 120,000 fans through regular channels each period. Assume that direct labor is an avoidable cost in this decision. What should Landor use as a minimum selling price per fan in negotiating a price for this special order?
- Andretti Company has a single product called a Dak. The company normally produces and sells 60,000 Daks each year at a selling price of $32 per unit. The company’s unit costs at this level of activity are given below: Direct materials $ 10.00Direct labor 4.50Variable manufacturing overhead 2.30Fixed manufacturing overhead 5.00 ($300,000 total)Variable selling expenses 1.20Fixed selling expenses 3.50 ($210,000 total)Total cost per unit $ 26.50 A number of questions relating to the production and sale of Daks follow. Each question is independent. Required: 1-a. Assume that Andretti Company has sufficient capacity to produce 90,000 Daks each year without any increase in fixed manufacturing overhead costs. The company could increase its sales by 25% above the present 60,000 units each year if it were willing to increase the fixed selling expenses by $80,000. Calculate the incremental net operating income. Increased sales in units:___________Contribution margin per…Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $36. The following cost data per fan is based on a full capacity of 138,000 fans produced each period. Direct materials $9 Direct labor $8 $8 Manufacturing overhead (25% variable and 75% unavoidable fixed) A special order has been received by Landor for a sale of 15.000 fans to an overseas customer. The only selling costs that would be incurred on this order would be $3 per fan for shipping. Landor is now selling 123,000 fans through regular channels each period. Assume that direct labor is an avoidable cost in this decision. What should Landor use as a minimum selling price per fan in negotiating a price for this special order? Multiple Choice $22 per fan $25 per fan $23 per fan $19 per fanSiegel Corporation produces a product that is available in both a Deluxe and a Regular model. It is estimated that $2,410,000 in manufacturing overhead costs will be incurred and that the company will produce 9,500 units of the Deluxe model and 20,000 units of the Regular model. The Direct Materials and Direct Labor costs per unit are as follows: Deluxe Regular $155 $20 Direct Materials cost per unit. Direct Labor cost per unit... $124 $11 The company uses Activity-Based Costing to allocate manufacturing overhead costs to its products. Four activity cost pools and their associated activities are as follows: Estimated Activity Deluxe Estimated Regular Overhead Activity Cost Pool and Activity Measure Purchase orders (number of orders) Rework requests (number of requests) Product testing (number of tests) Machine-related (machine hours) Cost $ 100,000 220,000 480,000 1,610,000 $2,410,000 300 orders 700 orders 600 requests 10,000 tests 24,250 hours 500 requests 6,000 tests 16,000 hours…
- Sunland makes Halloween costumes. The company incurred the following total costs to produce 27,900 costumes. Direct materials $250,000 Direct labor 126,000 Variable overhead 22,970 Fixed overhead 125,550 (a) Under the absorption costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 19,400 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to 0 decimal places, e.g. 5,275.) Average unit product cost $enter a dollar amount rounded to 2 decimal places Product cost $enter a dollar amount rounded to 0 decimal places (b) Under the variable costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 19,400 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to 0 decimal places, e.g. 5,275.) Average unit product cost…Your Company makes and sells electric fans. Each fan regularly sells for $42. Your Company is now selling 120,000 fans through regular channels each period. The following cost data per fan is based on a full capacity of 150,000 fans produced each period. Direct materials... $8 Direct labor $9 Manufacturing overhead(60% variable and 40% unavoidable fixed) $10 A special order has been received for a sale of 25,000 fans to an overseas customer at $30 per fan. The only selling costs that would be incurred on this order would be $4 per fan for shipping. What is increase in income if the special order is accepted? gorup of answers $75,000 $50,000 $125,000 $175,000 $225,000CWB Inc. produces stuffed bunnies. The company normally produces and sells 78,000 stuffedbunnies each year at a selling price of $50 per unit. The company's unit costs at this level ofactivity are given below: Direct materials $9.30Direct labor 8.00Variable manufacturing overhead 2.00Fixed manufacturing overhead 6.00 ($468,000 total)Variable selling expenses 1.50Fixed selling expenses 6.00 ($468,000 total)Total cost per unit $32.80 The company has 500 completed stuffed bunnies on hand that have someirregularities and are therefore considered to be "seconds." Due to the irregularities, it will beimpossible to sell these units at the normal price through regular distribution channels. Whatunit cost figure is relevant for setting a minimum selling price? Briefly explain why. How to do it and what does unit cost figure mean?