Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Last month when holiday creations inc sold

29/11/2021 Client: muhammad11 Deadline: 2 Day

oi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 138,000 kilometers during a year, the average operating cost is 14.8 cents per kilometer. If a truck is driven only 92,000 kilometers during a year, the average operating cost increases to 18.6 cents per kilometer.

Required:

1. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation. (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places and Fixed cost answer to nearest whole dollar amount.)

2. Express the variable and fixed costs in the form Y = a + bX. (Do not round your intermediate calculations. Round the Variable cost per kilometer to 3 decimal places.)

3. If a truck were driven 115,000 kilometers during a year, what total cost would you expect to be incurred? (Do not round intermediate calculations.)

The Dorilane Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 4,000 sets per year. Annual cost data at full capacity follow:

Direct labor

$

90,000

Advertising

$

102,000

Factory supervision

$

67,000

Property taxes, factory building

$

15,000

Sales commissions

$

57,000

Insurance, factory

$

8,000

Depreciation, administrative office equipment

$

1,000

Lease cost, factory equipment

$

16,000

Indirect materials, factory

$

19,000

Depreciation, factory building

$

107,000

Administrative office supplies (billing)

$

5,000

Administrative office salaries

$

108,000

Direct materials used (wood, bolts, etc.)

$

428,000

Utilities, factory

$

42,000

Required:

1. Enter the dollar amount of each cost item under the appropriate headings. Note that each cost item is classified in two ways: first, as variable or fixed with respect to the number of units produced and sold; and second, as a selling and administrative cost or a product cost. (If the item is a product cost, it should also be classified as either direct or indirect.) (If your answer is zero, leave the cell blank.)

2. Compute the average product cost of one patio set. (Round your answer to nearest whole dollar.)

3. Assume that production drops to only 1,000 sets annually. Would you expect the average product cost per set to increase, decrease, or remain unchanged?

Increase

Decrease

Remain unchanged

Last month when Holiday Creations, Inc., sold 39,000 units, total sales were $300,000, total variable expenses were $219,000, and fixed expenses were $37,200.

Required:

1. What is the company’s contribution margin (CM) ratio

Contribution margin ratio______ %

2. Estimate the change in the company’s net operating income if it were to increase its total sales by $2,600.

Estimated change in net operating income _______

Morton Company’s contribution format income statement for last month is given below:

Sales (45,000 units × $23 per unit)

$

1,035,000

Variable expenses

724,500

Contribution margin

310,500

Fixed expenses

248,400

Net operating income

$

62,100

The industry in which Morton Company operates is quite sensitive to cyclical movements in the economy. Thus, profits vary considerably from year to year according to general economic conditions. The company has a large amount of unused capacity and is studying ways of improving profits.

Required:

1. New equipment has come onto the market that would allow Morton Company to automate a portion of its operations. Variable expenses would be reduced by $6.90 per unit. However, fixed expenses would increase to a total of $558,900 each month. Prepare two contribution format income statements, one showing present operations and one showing how operations would appear if the new equipment is purchased. (Round your "Per unit" answers to 2 decimal places.)

2.Refer to the income statements in (1) above. For both present operations and the proposed new operations, compute

a. The degree of operating leverage.

Degree of operating leverage Present _______ Proposed_______

b. The break-even point in dollar sales. Present _______ Proposed_______

\\\

The margin of safety in both dollar and percentage terms.

Present Proposed

Margin of safety in dollar sales _____ ______

Margin of safety in percentage ______% ___%

3. Refer again to the data in (1) above. As a manager, what factor would be paramount in your mind in deciding whether to purchase the new equipment? (Assume that enough funds are available to make the purchase.)

Performance of peers in the indstry

Reserves and surplus of the company

Stock level maintained

Cyclical movements in the economy

4. Refer to the original data. Rather than purchase new equipment, the marketing manager argues that the company’s marketing strategy should be changed. Rather than pay sales commissions, which are currently included in variable expenses, the company would pay salespersons fixed salaries and would invest heavily in advertising. The marketing manager claims this new approach would increase unit sales by 50% without any change in selling price; the company’s new monthly fixed expenses would be $310,500, and its net operating income would increase by 25%. Compute the break-even point in dollar sales for the company under the new marketing strategy.

New break even point in dollar sales ________

A company assigns overhead cost to completed jobs on the basis of 119% of direct labor cost. The job cost sheet for Job 413 shows that $26,305 in direct materials has been used on the job and that $10,500 in direct labor cost has been incurred. A total of 1,700 units were produced in Job 413.

Required:

a. What is the total manufacturing cost assigned to Job 413?

Total manufacturing cost _____

b. What is the unit product cost for Job 413?

Unit product cost _____

Savallas Company is highly automated and uses computers to control manufacturing operations. The company uses a job-order costing system and applies manufacturing overhead cost to products on the basis of computer-hours. The following estimates were used in preparing the predetermined overhead rate at the beginning of the year:

Computer-hours

90,000

Fixed manufacturing overhead cost

$

1,276,000

Variable manufacturing overhead per computer-hour

$

3.30

During the year, a severe economic recession resulted in cutting back production and a buildup of inventory in the company’s warehouse. The company’s cost records revealed the following actual cost and operating data for the year:

Computer-hours

50,000

Manufacturing overhead cost

$

944,000

Inventories at year-end:

Raw materials

$

410,000

Work in process

$

120,000

Finished goods

$

1,040,000

Cost of goods sold

$

2,740,000

Required:

1. Compute the company’s predetermined overhead rate for the year. (Round predetermined overhead rate to 2 decimal places.)

Overhead rate___ per computer hour

2. Compute the underapplied or overapplied overhead for the year. (Round predetermined overhead rate to 2 decimal places.)

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Smart Homework Helper
Top Essay Tutor
Financial Solutions Provider
Engineering Help
Best Coursework Help
Professional Accountant
Writer Writer Name Offer Chat
Smart Homework Helper

ONLINE

Smart Homework Helper

Being a Ph.D. in the Business field, I have been doing academic writing for the past 7 years and have a good command over writing research papers, essay, dissertations and all kinds of academic writing and proofreading.

$43 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

After reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection.

$47 Chat With Writer
Financial Solutions Provider

ONLINE

Financial Solutions Provider

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$15 Chat With Writer
Engineering Help

ONLINE

Engineering Help

Being a Ph.D. in the Business field, I have been doing academic writing for the past 7 years and have a good command over writing research papers, essay, dissertations and all kinds of academic writing and proofreading.

$46 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

I have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You

$42 Chat With Writer
Professional Accountant

ONLINE

Professional Accountant

I will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices.

$49 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Picot question for short staffing - Criminal Acts in Security - Italian gcse past papers - Ancient india geography worksheet - I had a box of crayons poem - H&r block week 6 quiz answers - Harbor freight voltage tester - Nintendo competitive advantage - Lesson 8.6 anyway you slice it worksheet answers - Waren sports supply bank reconciliation 2017 - 1 cal g to j kg - PSYCHOLOGY - Hackers operation get rich or die tryin - 7-4 part two - Who were the leaders of the prison reform movement - Free energy neodymium magnet - Homework - Care Plan - Dja dja wurrung map - Doc hughes restaurant torquay - Indulged in a drunken spree crossword clue - Pearl's peril hire flight crew - Business_intelligence_week6 - Shelly mack and the reunion band - Map and compass course - Journal Article Research(NCM) - Apple project management case study - Lilly pilly loop trail - Cellular accessories for less - 14 how do jennifer's educator expenses affect her tax return - Penn state university scandal organizational behavior - Smashing lights in karaoke bars - And you let her go - Commonwealth bank netcode overseas - Siemens builds a strategy oriented hr system solution - Cement business in ghana - Thank god for the atom bomb - Banjo paterson birth place - 0xc004f009 grace time expired - Chapter 16 international pay systems - Ikkyu crow with no mouth pdf - 7 morotai ave palm beach - Essay - +971561686603 Abortion pills in Dubai/Abu Dhabi-mifepristone & misoprostol in DUBAI - Olive branch petition in a sentence - Www dc state fl us active offenders - Mira spanish textbook answers - Middle tennessee state logo - Dorset early learning and kindergarten - Comin thro the rye analysis - A compressor in a commercial refrigerator receives - Relative formula mass of butane - Ibm case study analysis - Manual of environmental management - I beam installation guide - Spinal cord injury case study - CIFDQ2 - Essay questions - Operational Excellance Assignment - How many ghosts visit scrooge - E3.2 - Paul hynes sr7 for sale - Excel 2016 data analysis plus - What outcomes do horizontal merger and acquisition strategies intend - How to breed rexx in monster legends - Professional Development Comprehensive - Work with deversity - Marketing simulation managing segments and customers - Brosnan mustang mk7 package review - The devil the sinner and his journey harmony korine - Comprehensive women's health soap note - Roots of polynomials exam questions - Need in 8 hours - Hp 3par storage 7200 - How to stop translating in packet tracer aviary plans free download - Mimic pro best keywords - Insights Into Criminal Behavior - Customer segmentation and clustering using sas enterprise miner pdf - What qualifications do i need to be a tafe teacher - Critical path method solved examples - Problem 9 2a entries for payroll transactions lo p2 p3 - Building a backdoor to the iphone an ethical dilemma - Cnn student news host - Real estate video cost - Chinese fan dance basic steps - Wuss bets simpsons - 4 wallendbeen avenue port hacking - Https searchsqlserver techtarget com definition database - Communication - How to calculate gpa rmit - Camp fred loser song lyrics - Wetherspoons market square nottingham - What does the matchmaker criticize mulan for - Thrass hot words chart - Allegro 17.2 to altium - Food safety victoria templates - Empty - Which theory is criticized for being too mechanistic - Shimadzu prominence i lc 2030 sop - A speaker should apply the "4 s's" to what part of a speech?