Reference no: EM131220054
Comprehensive problem on unit costs, product costs. Atlanta Office Equipment manufactures andsells metal shelving. It began operations on January 1, 2014. Costs incurred for 2014 are as follows (V standsfor variable; F stands for fixed):
Direct materials used $149,500
Direct manufacturing labor costs 34,500 V
Plant energy costs 6,000 V
Indirect manufacturing labor costs 12,000 V
Indirect manufacturing labor costs 17,000 F
Other indirect manufacturing costs 7,000 V
Other indirect manufacturing costs 27,000 F
Marketing, distribution, and customer-service costs 126,000 V
Marketing, distribution, and customer-service costs 47,000 F
Administrative costs 58,000 F
Variable manufacturing costs are variable with respect to units produced. Variable marketing, distribution,and customer-service costs are variable with respect to units sold.
Inventory data are as follows:
Beginning: January 1, 2014 Ending: December 31, 2014
Direct materials 0 lb 2,300 lbs
Work in process 0 units 0 units
Finished goods 0 units ? units
Production in 2014 was 115,000 units. Two pounds of direct materials are used to make one unit of finishedproduct.
Revenues in 2014 were $540,000. The selling price per unit and the purchase price per pound of directmaterials were stable throughout the year. The company's ending inventory of finished goods is carried atthe average unit manufacturing cost for 2014. Finished-goods inventory at December 31, 2014, was $15,400.
1. Calculate direct materials inventory, total cost, December 31, 2014.
2. Calculate finished-goods inventory, total units, December 31, 2014.
3. Calculate selling price in 2014.
4. Calculate operating income for 2014.
|
Resulting values for net cash flow in each period make sense
: A firm pays $100 in period 1 to produce some goods. It sells those goods for $150 in period 2 but does not collect payment from its customers until period 3. Calculate the cash flows to the firm in each period by completing the following table. Do th..
|
|
Prepare a flowchart on real-life service organisation
: Choose a real-life service organisation that you are familiar with. You need to inform your lecturer of your choice - Prepare a flowchart of the back-stage as well as the front-stage operations of this business.
|
|
Briefly summarize the classical style in sculpture
: Briefly summarize the "classical" style in sculpture. - What do you think is the most important aspect of the classical moment?
|
|
Write a matlab function that lets the computer respond
: The function's output should be the cell location of the computer's first move. Label the cells as 1, 2, 3 across the top row; 4, 5, 6 across the middle row, and 7, 8, 9 across the bottom row.
|
|
Calculate direct materials inventory and total cost
: Calculate direct materials inventory, total cost, December 31, 2014. Calculate finished-goods inventory, total units, December 31, 2014. Calculate selling price in 2014. Calculate operating income for 2014.
|
|
What is the average age of the? company fixed assets
: Bakiponi Corp. provides the following data from its recent financial? statements: What is the average age of the? company's fixed assets as of the end of? 2017?
|
|
Exercise 3b develop an efe matrix for hershey company
: Exercise 3B Develop an EFE Matrix for Hershey Company. Join with two other students in class, and jointly prepare an EFE Matrix for Hershey.
|
|
How much money will accumulate in five years
: Write a MATLAB program to compute how much money will accumulate in five years in the account and in any CDs you buy. Run the program for two different savings interest rates: 4 percent and 5 percent.
|
|
The amount of gross margin from the four transactions
: Assume Beta Company uses the perpetual inventory method and engaged in the following transactions: 1) Purchased $12,000 of merchandise on account under terms 3/10, n/30. 2) Returned $1,200 (list price) of merchandise to the supplier before payment wa..
|