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Question - A Company in Vaughn manufactures two products and gathered information about the two items as below:
Product MX15
Product LX20
Selling price per unit
$40
$60
Variable cost manufacturing cost per unit
16
22
Variable selling cost per unit
8
12
The company expects annual fixed manufacturing costs to be $109,160 and fixed selling costs to be $50,000. The firm's normal annual total sales are 14,000 units, of those 8,400 have been Product MX15 and the remainder are Product LX20.
Required -
1. Determine the break-even point in units for the company's products (i.e., show the number of units for each product: MX15 and LX20).
2. Determine the level of sales (in dollars) necessary to generate an operating income of $75,000.
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Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
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This individual assignment is based on the TerraCycle Inc.
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A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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