Homework Answers
When production level is 1 pound:
Unit cost= $40 per pound
Total cost= 40*1= $40
When production level is 10 pounds:
Unit cost= $40 per pound
Total cost= 40*10= $400
When production level is 1000 pounds:
Unit cost= $40 per pound
Total cost= 40*1000= $40000
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San Diego Sheet Metal, Inc. incurs a variable cost of $40 per pound for raw material...
San Diego Sheet Metal, Inc. incurs a variable cost of $40 per pound for raw material...
San Diego Sheet Metal, Inc. incurs a variable cost of $40 per pound
for raw material to produce a special alloy used in manufacturing
aircraft.
Required:
In the table below, show the unit cost and total cost of raw
material at the following production levels: 1 pound, 10 pounds,
and 1,000 pounds.
Production Level in pounds Unit Cost Total Cost per pound per pound per pound 1,000
The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A...
The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A total of 10,500 pounds of raw material was purchased and then used to produce 5,000 units. The quantity standard allows 2 pounds of the raw material per unit produced. What is the materials price variance? Give equation used as well.
12. What contribution margin per pound of raw material is earned by each of the two...
12. What contribution margin per pound of raw material is earned
by each of the two products?
Contribution margin per pound: Alpha Beta
13. Assume that Cane's customers would buy a maximum of 97,000
units of Alpha and 77,000 units of Beta. Also assume that the
company's raw material available for production is limited to
247,000 pounds. How many units of each product should Cane produce
to maximize its profits?
Units produced: Alpha Beta
14. Assume that Cane's customers would...
11. How many pounds of raw material are needed to make one unit of each of...
11. How many pounds of raw material are needed to make one unit
of each of the two products?
12. What contribution margin per pound of raw material is earned
by each of the two products? (Round your answers to 2
decimal places.)
13. Assume that Cane’s customers would buy a maximum of 83,000
units of Alpha and 63,000 units of Beta. Also assume that the
company’s raw material available for production is limited to
200,000 pounds. How many units...
11. How many pounds of raw material are needed to make one unit of each of...
11. How many pounds of raw material are needed to make one unit of each of the two products? Alpha Beta Pounds of raw materials per unit 13. Assume that Cane's customers would buy a maximum of 86,000 units of Alpha and 66,000 units of Beta. Also assume that the company's raw material available for production is limited to 210,000 pounds. How many units of each product should Cane produce to maximize its profits? Alpha Beta Units produced 14. Assume...
Cane Company manufactures two products called alpha and beta that sell for $140 and $100, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the cap...
Cane Company manufactures two products called alpha and beta that sell for $140 and $100, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the capacity to annually produce 106,000 units of each product. Its average cost per unit for each product at this level of activity are given below: Alpha/Beta Direct materials $32/16 Direct Labor $24/19 Variable Manufacturing Overhead $10/9 Traceable fixed manufacturing overhead $20/22 Variable selling expenses $16/12 common...
San Fernando Fertilizer Company plans to sell 260,000 units of finished product in July and anticipates...
San Fernando Fertilizer Company plans to sell 260,000 units of finished product in July and anticipates a growth rate in sales of 5 percent per month. The desired monthly ending inventory in units of finished product is 90 percent of the next month's estimated sales. There are 234,000 finished units in inventory on June 30. Each unit of finished product requires 4 pounds of raw material at a cost of $1.95 per pound. There are 870,000 pounds of raw material...
San Fernando Fertilizer Company plans to sell 230,000 units of finished product in July and anticipates...
San Fernando Fertilizer Company plans to sell 230,000 units of finished product in July and anticipates a growth rate in sales of 5 percent per month. The desired monthly ending inventory in units of finished product is 75 percent of the next month's estimated sales. There are 172,500 finished units in inventory on June 30. Each unit of finished product requires 6 pounds of raw material at a cost of $1.35 per pound. There are 740,000 pounds of raw material...
hoemaker Perkins Company uses a standard cost system and had 590 pounds of raw material X15...
hoemaker Perkins Company uses a standard cost system and had 590 pounds of raw material X15 on hand on September 1. The standard cost of X15 is $20 per pound. The production standard calls for 2 pounds of material X15 for each unit of product manufactured. The company manufactured 790 units of the product in September, and had 880 pounds of material X-15 in stock on September 30. The actual price for material X-15 purchased during the month was $1...
Input Prices Direct materials Plastic Metal Direct manufacturing labor $ 6 per pound $ 5 per...
Input Prices Direct materials Plastic Metal Direct manufacturing labor $ 6 per pound $ 5 per pound $ 12 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Plastic Metal Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 5 pounds 0.5 pounds 3 hours 12 MH 7 pounds 1 pound 5 hours 20 MH Inventory Information, Direct Materials Metal Beginning inventory Target ending inventory Cost of beginning inventory Plastic 220 pounds 400 pounds 924 70 pounds...
San Diego Sheet Metal, Inc. incurs a variable cost of $40 per pound
for raw material to produce a special alloy used in manufacturing
aircraft.
Required:
In the table below, show the unit cost and total cost of raw
material at the following production levels: 1 pound, 10 pounds,
and 1,000 pounds.
Production Level in pounds Unit Cost Total Cost per pound per pound per pound 1,000
12. What contribution margin per pound of raw material is earned
by each of the two products?
Contribution margin per pound: Alpha Beta
13. Assume that Cane's customers would buy a maximum of 97,000
units of Alpha and 77,000 units of Beta. Also assume that the
company's raw material available for production is limited to
247,000 pounds. How many units of each product should Cane produce
to maximize its profits?
Units produced: Alpha Beta
14. Assume that Cane's customers would...
11. How many pounds of raw material are needed to make one unit
of each of the two products?
12. What contribution margin per pound of raw material is earned
by each of the two products? (Round your answers to 2
decimal places.)
13. Assume that Cane’s customers would buy a maximum of 83,000
units of Alpha and 63,000 units of Beta. Also assume that the
company’s raw material available for production is limited to
200,000 pounds. How many units...
11. How many pounds of raw material are needed to make one unit of each of the two products? Alpha Beta Pounds of raw materials per unit 13. Assume that Cane's customers would buy a maximum of 86,000 units of Alpha and 66,000 units of Beta. Also assume that the company's raw material available for production is limited to 210,000 pounds. How many units of each product should Cane produce to maximize its profits? Alpha Beta Units produced 14. Assume...
Input Prices Direct materials Plastic Metal Direct manufacturing labor $ 6 per pound $ 5 per pound $ 12 per direct manufacturing labor hour Input Quantities per Unit of Output Cat-allac Dog-eriffic Direct materials Plastic Metal Direct manufacturing labor-hours (DMLH) Machine-hours (MH) 5 pounds 0.5 pounds 3 hours 12 MH 7 pounds 1 pound 5 hours 20 MH Inventory Information, Direct Materials Metal Beginning inventory Target ending inventory Cost of beginning inventory Plastic 220 pounds 400 pounds 924 70 pounds...
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