Shiraki Corporation produces and sells a single product. Data concerning that pr

Question

Shiraki Corporation produces and sells a single product. Data concerning that product appear below:    

    

$1,320,000

$1,200,000

$720,000

$1,800,000

The following is Allison Corporation's contribution format income statement for last month:     

440,000

640,000

170,000

  

  

$36,720

$21,760

$10,880

$5,780

The following cost formula relates to last year's operations at Lemine Manufacturing Corporation:   

  
In the formula above, 75% of the fixed cost and 90% of the variable cost are manufacturing costs. Y is the total cost and X is the number of units produced and sold.

If Lemine produces and sells only 9,000 units, what is the unit product cost under each of the following methods? (Do not round your intermediate calculations.)

Option C

Option D

Option A

Option B

Carr Company produces a single product. During the past year, Carr manufactured 32,000 units and sold 23,500 units. Production costs for the year were as follows:

  
Sales totaled $1,292,500, variable selling expenses totaled $291,200, and fixed selling and administrative expenses totaled $177,000. There were no units in beginning inventory. Assume that direct labor is a variable cost.

Under absorption costing, the ending inventory for the year would be valued at (Do not round your intermediate calculations.):

$351,068

$359,821

$427,816

$295,800

Kindschuh Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.17 direct labor-hours. The direct labor rate is $6.90 per direct labor-hour. The production budget calls for producing 3,900 units in June and 4,700 units in July.

Construct the direct labor budget for the next two months, assuming that the direct labor work force is fully adjusted to the total direct labor-hours needed each month. (Round your intermediate calculations and final answer to two decimal places.)

  Selling price per unit $640   Variable expense per unit $256   Fixed expense per month $720,000

Explanation / Answer

As per Chegg Guidelines we answer one question per post. I have answered more than 1 question. Kindly post remaining questions in separate post to get the best answers $1,200,000 Statement showing computations Particulars Amount Selling price per unit                      640.00 Variable Exp per unit                      256.00 Cont per unit(SP-VC)                      384.00 PV Ratio = Cont/Sales                          0.60 Fixed Costs             720,000.00 BEP in $= FC/PV Ratio BEP in $= 720000/.60          1,200,000.00 $21,760 Statement showing computations Particulars Existing (10000) Per Unit 340 Units Sales          1,080,000.00                   108.00                     36,720.00    Variable expenses             440,000.00                      44.00                     14,960.00    Contribution margin             640,000.00                      64.00                     21,760.00    Fixed expenses             470,000.00    Net operating income             170,000.00                     21,760.00

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