Required: 1. If Bodin Company plans to sell 472,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 509,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.
Q: Silva Plastics Company has established standard cost for a unit of manufactured product as follows:…
A: Solution:-1 Calculation of material and labour variances as follows under:-
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Solution Margin of safety refers to the difference between actual sales and break even sales .…
Q: Margot Inc. produces thousands of gutters each year and uses the weighted-average method to allocate…
A: Under the weighted average method, the beginning WIP is not taken into consideration while…
Q: Lecheflan Company is expected to operate at normal capacity and plans to manufacture 275,000 units…
A: Solution: Fixed overhead per unit = P300,000 / 25000 = P12 per unit
Q: Martin Manufacturer Ltd started its operations on 1 January 2021, and the planned production for…
A: The income statement represents the net income or net loss of the company that is calculated by…
Q: Midas Industries manufactures 20,000 components per year. The manufacturing cost of components was…
A: The fixed manufacturing overhead remains constant irrespective of units produced during the period.
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Here in this question, we are required to new selling price to maintain same level of profit. For…
Q: The following facts are known: · The total pounds needed for production are 2 times the units…
A: Let the number of units to be produced = A Total pounder needed = 2 times the units to be produced =…
Q: As production manager, Mr. B is asked to track the manufacturing cost per unit on the factory floor.…
A:
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Maximum Production Capacity 100000 Units Per Unit Sales 50 Production Cost…
Q: Assume the following information for a company that produced and sold 10,000 units during Year 1. It…
A: CVP analysis is considered a decision-making tool that helps management to make strategies and take…
Q: At the beginning of the year, you estimated the following - Production - 75,000 units Raw Material -…
A: Variance: It is the difference between budgeted and actual expenditures and revenue.
Q: A company manufactures 1000units of outputs using 5000units of materials @ GH¢30 each, and pays…
A: Total product cost means the cost incurred to produce the goods and total expenses means the total…
Q: Direct Materials Inventories are kept in pounds for Walter Company, and the total pounds needed for…
A: The production budget is prepared to estimate the number of units to be produced during the period.
Q: Motor Company manufactures 10,000 units of Part M-l each year for use in its production. The…
A: Answer with explanation are as follows
Q: Sheridan Company's high and low level activity last year was 56000 units of product produced in May…
A:
Q: Required: The recession in the economy in 2021 is expected to result in a reduction of the number of…
A: Company wants to find out the level of sales at which there is no profit and no loss. This level of…
Q: At 50,000 units of production, the Grayson Company expects costs to be as follows: Direct…
A: Total cost per unit is calculated from the costs incurred divided by the number of units produced.…
Q: During its first year of operations, Silverman Company paid $14,000 for direct materials and $19,000…
A: Solution: Net operating income is based on the sales revenue for the units sold and manufacturing…
Q: Bambina corporation, manufacturer of beauty products has the following partially completed…
A: Variable cost per unit = Total variable costs / Units produced = 320,000/ 800,000 = 0.40 per unit
Q: A company produces three types of products A, B, and C, and is considering its production plan for…
A: Question is based on the concept of Cost accounting
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: * As per bartleby policy, if multiple questions are asked then answer first three only. e.…
Q: The Kensington Corporation invested $2,500,000 in an operation to make wooden planks. The target…
A: Mark up percentage (as a percentage of full cost) = Profit/ Cost Cost= Sales- profit In the given…
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: “Since you have posted a question with many sub-parts, we will solve three sub-parts for you. To get…
Q: Required: Assuming sales equal to the normal capacity calculated in a) above, prepare a contribution…
A: Solution Working note for calculation of number of units Let number of units be X Operating income…
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Break-even point in units=Total Fixed CostsContribution Margin per unit
Q: A firm manufactures a product from a raw material, which is purchased at 60 per kg. The company…
A: Economic Order Quantity (EOQ) was related with inventory management where it helps to order the…
Q: Selling price per unit……………………………………… $50.00 Production Costs: Direct Materials…
A: Break-even point: The break-even point refers to a point where the total cost is equal to the total…
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Net income is the income which is calculated after deduction of costs, allowances and taxes. This is…
Q: You are required to prepare a statement showing the working capital required to finance the level of…
A:
Q: A firm manufactures a product from a raw material, which is purchased at 60 per kg. The company…
A: Economic Order Quantity (EOQ) was related with inventory management where it helps to order the…
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Contribution per unit = Selling price - Total variable cost = $50 - $35 =$15 Profit volume ratio =…
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Calculation of all necessary requirement are as follows.
Q: In the coming year, Kalling Company expects to sell 28,700 units at $32 each. Kalling’s controller…
A: Answer 3) Kalling Company Absorption Costing Income Statement Sales (28,700 units X $ 32 per…
Q: Assume the following information for a company that produced 10,000 units and sold 8,000 units…
A: Given Sale price 200 Unit sold in the first year 8000 Units sold in the second year 10000
Q: The production department of Zan Corporation has submitted the following forecast of units to be…
A: Raw material to be consumed per unit = 8 grams Cost of Raw Material = $1.20 per gram Required labor…
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: The question is based on the concept of Cost Accounting.
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Period Cost: Period expenses are costs incurred by a firm that cannot be capitalized on the balance…
Q: In the coming year, Kalling Company expects to sell 28,700 units at $32 each. Kalling’s controller…
A: Absorption costing and variable costing are two important methods of costing. In variable costing…
Q: What is the total cost per unit for the 800,000 units produced
A: Solution:- Computation of the total cost per unit for the 800,000 units produced as follows:- Total…
Q: We know the following data of the company Perfilados, S.A: It bought and consumed € 105,000 in raw…
A: Average collection period ratio indicates the time within which the amount is collected from debtors…
Q: Required: What are the advantages and disadvantages of the scattergram method as compared to the…
A: The scattergraph (or dissipate diagram) strategy is a visual method utilized in representing…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Given that: Current sales level = 100 units Revised sales units = 102 units
Q: Han Products manufactures 47,500 units of part S-6 each year for use on its production line. At this…
A: (A)Cost of in-house production saved (variable + fixed) = $30.80 * 47500 = 1463000 (B)Variable cost…
Q: Greek Manufacturing Company produces and sells a line of product that are sold usually all year…
A: Break-even (or break even), often abbreviated as B/E in finance, (sometimes called point of…
Q: A company manufactures 1000units of outputs using 5000units of materials @ GHC30 each, and pays…
A: Total product costs = Material cost + indirect production expense + administrative expense = (5000…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Direct materials purchased during the year, 548,000; beginning inventory of direct materials, 36,000; and ending inventory of direct materials, 23,000. Totals from other budgets included:Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Two units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods Required: January 1 48,000 15,000 97,900 1. Required production in units 2. Raw material purchases in uns December 31 51,000 15,000 52,888 1. If Bodin Company plans to sell 466,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 505,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods Required: January 1 41,000 December 31 48,000 20,000 20,000 92,000 59,000 1. If Bodin Company plans to sell 452,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 520,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. 1. Required production in units 2. Raw material purchases in units
- Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Four units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 11 December 31 35,000 19,000 97,000 48,000 19,000 74,000 Required: 1. If Bodin Company plans to sell 450,000 units during the year, compute the number of units the firm would have to manufacture during the year. 1. Required production in units 2. Raw material purchases in units 2. If 508,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.Based on the following information, prepare a Schedule of Cost of Goods Manufactured and a multi-step Income Statement for Junaluska Company for the year ended December 31, 2020 Beginning Work-in-Process Inventory, Jan. 1 $60,000 Ending Work-in-Process Inventory, Dec. 31 40,000 Beginning Finished Goods Inventory, Jan. 1 50,000 Ending Finished Goods Inventory, Dec. 31 20,000 Net Sales Revenue 1,800,000 Selling and Administrative Expenses 500,000 Direct Labor 300,000 Manufacturing Overhead; actual and allocated 400,000 Direct Materials Used 200,000 Income Tax Expense 70,000Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Three units of raw material are required to produce each unit of finished product. January 1 December 31 Raw material 38,000 53,000 Work in process 15,000 15,000 Finished goods 92,000 70,000 Required:1. If Bodin Company plans to sell 472,000 units during the year, compute the number of units the firm would have to manufacture during the year.2. If 507,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.
- Fact Pattern: Paradise Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1 through June 30: Direct material* Work-in-process July 1 40,000 10,000 80,000 Finished goods * Two units of direct material are needed to produce each unit of finished product. If Paradise Company plans to sell 480,000 units during the fiscal year, the number of units it will have to manufacture during the year is A. 450,000 units. O B. 480,000 units. 510,000 units. C. O D. June 30 50,000 20,000 50,000 440,000 units.J Co makes a component M which uses 3 kg of raw material X. The opening inventory at the start of next year is expected to be as follows. Opening inventory of raw material X 5,000 kg @ $4 Opening inventory of component M 2,000 units Sales of component M for the year are budgeted at 48,000 units. Production and sales are budgeted to occur evenly throughout the year. Closing inventory at the end of the year is budgeted as follows. Closing inventory of raw material X One month's worth of production Closing inventory of component M Two months' worth of sales (b) How many kg of material X are required for production in the year?J Co makes a component M which uses 3 kg of raw material X. The opening inventory at the start of next year is expected to be as follows. Opening inventory of raw material X 5,000 kg @ $4 Opening inventory of component M 2,000 units Sales of component M for the year are budgeted at 48,000 units. Production and sales are budgeted to occur evenly throughout the year. Closing inventory at the end of the year is budgeted as follows. Closing inventory of raw material X One month's worth of production Closing inventory of component M Two months' worth of sales (c) What is the material X purchases budget for the year in kg?
- Department B of SimTech Manufacturing Company presents the following production data for the month of October 2019: Beginning inventory (3/8 completed) 8,000 units Started in process 26,000 units Transferred out 18,000 units Ending inventory: (1/2 completed) 8,000 units (3/4 completed) 8,000 units What are the equivalent units of production for the month of October 2019 using Average Method? A. 28,000 units B. 25,000 units C. 26,000 units D. 30,000 unitsWildhorse Ltd. estimates sales for the second quarter of 2022 will be as follows. Month April May June Units March 31 April 30 May 31 June 30 3,090 3,190 2,960 The target ending inventory of finished products is as follows. 2,440 2,620 2,600 2,900 Two units of materials are required for each unit of finished product. Production for July is estimated at 3,210 units to start building inventory for the fall sales period. Wildhorse's policy is to have an inventory of raw materials at the end of each month equal to 50% of the following month's production requirements. Raw materials are expected to cost $4 per unit throughout the period. Calculate the May raw materials purchases in dollars. Raw material purchases costFirst Class, Inc., expects to sell 22,000 pool cues for $12.00 each. Direct materials costs are $2.00, direct manufacturing labor is $6.00, and manufacturing overhead is $0.83 per pool cue. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 31,000 units 31,000 units Work - in- process inventory Finished goods inventory 0 units O units 1,000 units 3,300 units How many pool cues need to be produced in 2019? O A. 25,300 cues O B. 19,700 cues O C. 24,300 cues O D. 23,000 cues ga Mis https Hea In 201 10min 1 answ Missing Calculator Next https://ww
