snowboard requires direct materials of $102, direct labor of $32, variable overhead of $47, and variable selling, general, and administrative costs of $5. The company has fixed overhead costs of $639,000 and fixed selling, general, and administrative costs of $126,000. It expects to produce and sell 10,200 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole

snowboard requires direct materials of $102, direct labor of $32, variable overhead of $47, and variable selling, general, and administrative costs of $5. The company has fixed overhead costs of $639,000 and fixed selling, general, and administrative costs of $126,000. It expects to produce and sell 10,200 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 1PB: A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable...

See similar textbooks

Similar questions

A company sells mulch by the cubic yard. Grade A much sells for $150 per cubic yard and has variable costs of $65 per cubic yard. The company has fixed expenses of $15,000 per month. In August, the company sold 240 cubic yards of Grade A mulch. A. Calculate the contribution margin per unit for Grade A mulch. B. Calculate the contribution margin ratio of the Grade A mulch. C. Prepare a contribution margin income statement for the month of August.
QS 23-18 (Algo) Pricing using variable GoSnow sells snowboards. Each snowboard requires direct materials of $134, direct labor of $47, variable overhead of $57, and variable selling, general, and administrative costs of $22. The company has fixed overhead costs of $277,000 and fixed selling, general, and administrative costs of $347,000. The company has a target profit of $416,000. It expects to produce and sell 10,000 snowboards. Compute the selling price per unit using the variable Cost method. (Round your intermediate calculations and final answer to nearest whole dollar amounts.) Selling price $ 342 per unit
QS 25-16 (Algo) Pricing using total cost LO P6 Garcia Company sells snowboards. Each snowboard requires direct materials of $106, direct labor of $36, variable overhead of $51. and variable selling, general, and administrative costs of $9. The company has fixed overhead costs of $647,000 and fixed selling. general, and administrative costs of $148.000. It expects to produce and sell 10,600 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? Note: Do not round your intermediate calculations. Round your final answer to nearest whole dollar amounts. Seling price per unit
QS 25-18 (Static) Pricing using variable cost LO P6 GoSnow sells snowboards. Each snowboard requires direct materials of $110, direct labor of $35, variable overhead of $45, and variable selling. general, and administrative costs of $10. The company has fixed overhead costs of $265,000 and fixed selling, general, and administrative costs of $335,000. The company has a target profit of $200,000. It expects to produce and sell 10,000 snowboards. Compute the selling price per unit using the variable cost method. Sng price per unit
Brick lane Co. produces two products: Camden and Chelsea. Camden Chelsea Direct Materials 2 3 Direct labor (2 per hour) 8 2 Variable overhead 1 1 11 6 The sale price per unit is $ 13 per Camden and 11 $ per Chelsea. In August 2022, the available direct labor is limited to 7,000 hours. Salas demand in July is expected to be 4,000 for Camden and 6,000 united for Chelsea. Required: Determine the profit product mix for Brick lance Co. assuming that Monthly fixed costs are $15,000 and that opening inventory of finished goods and work in progress are nil.
QS 17-18 (Algo) Allocating costs using ABC for a service company LO P4 Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $239,200 per year. The company allocates technical support cost based on 10,400 budgeted technical support calls per year. 1. Compute the activity rate for technical support using activity-based costing. 2. During January, Qinto received 630 calls on its deluxe model and 115 calls on its basic model. Allocate technical support costs to each model. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the activity rate for technical support using activity-based costing. Technical support activity rate Numerator Denominator Actual direct labor costs Actual direct materials Actual machine hours Actual manufacturing costs Required 2 >
cer Fouri Multiple Choice O $25.90 $48.09 Abbe Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A is 800 units and of Product B is 600 units. There are three activity cost pools, with estimated costs and expected activity as follows: Activity Cost Pools Activity 1 $ 17,460 Activity 2 $ 19,987 $ 29,884 Activity 3 The overhead cost per unit of Product B is closest to: (Round your intermediate calculations to 2 decimal places.) $34.73 Chapter Four - Connect Estimated Overhead Cost $11.49 Saved Expected Activity Product B 600 600 120 Product A 600 1,700 400 Humans and Animals Parallels Save & Exit Submit 88
QUESTION 3 Aldarees Company sells a product for SR 1,000 per unit. Variable costs are SR 600 per unit, fixed costs are SR 64,000. The company expects to sell 850 units in September. Calculate required units to earn target profit of SR 268,800 per month. OA 416 units OR 50 units C 832 units OD. 160 units QUESTION 4
Question Content Area Make-or-Buy Decision Pizana Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $61 per unit. The company, which is currently operating below full capacity, charges factory overhead to production at the rate of 43% of direct labor cost. The unit costs to produce comparable carrying cases are expected to be as follows: Line Item Description Amount Direct materials $25.00 Direct labor 19.00 Factory overhead (43% of direct labor) 8.17 Total cost per unit $52.17 If Pizana Computer Company manufactures the carrying cases, fixed factory overhead costs will not increase and variable factory overhead costs associated with the cases are expected to be 12% of the direct labor costs. Question Content Area a. Prepare a differential analysis dated May 31 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying case. Round your answers to two decimal places. If an…
Question Content Area Moon Company uses the variable cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 75,000 units of Product T are as follows: Variable costs per unit: Direct materials $ 7.00 Direct labor 3.50 Factory overhead 1.50 Selling and administrative expenses 3.00 Total $15.00 Fixed costs: Line Item Description Amount Factory overhead $45,000 Selling and administrative expenses 20,000 Moon desires a profit equal to an 18% return on invested assets of $1,440,000. c. Determine the markup percentage for Product T. Round your answer to one decimal place.fill in the blank 1 of 1%
Question Content Area Moon Company uses the variable cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 75,000 units of Product T are as follows: Variable costs per unit: Direct materials $ 7.00 Direct labor 3.50 Factory overhead 1.50 Selling and administrative expenses 3.00 Total $15.00 Fixed costs: Line Item Description Amount Factory overhead $45,000 Selling and administrative expenses 20,000 Moon desires a profit equal to an 18% return on invested assets of $1,440,000. a. Determine the amount of desired profit from the production and sale of Product T.fill in the blank 1 of 1$ b. Determine the total variable costs for the production and sale of 75,000 units of Product T.fill in the blank 1 of 1$ c. Determine the markup percentage for Product T. Round your answer to one decimal place.fill in the blank 1 of 1% d. Determine the unit selling price of Product T. Round…
Brick lane Co. produces two products: Camden and Chelsea. Direct Materials Direct labor (2 per hour) Variable overhead Rectangula Camden 2 8 1 11 Chelsea 3 2 1 6 The sale price per unit is $ 13 per Camden and 11 $ per Chelsea. In August 2022, the available direct labor is limited to 7,000 hours. Salas demand in July is expected to be 4,000 for Camden and 6,000 united for Chelsea. Required: Determine the profit product mix for Brick lance Co. assuming that Monthly fixed costs are $15,000 and that opening inventory of finished goods and work in progress are nil.