Reference no: EM13184200
1. The variable cost of producting one cookie is 0.75. Fixed costs per week are $1,000.
A. Sketch a graph of costs in the relevant range 0-1,000 cookies. Label each cost graph and the data points for 0 and 1,000 cookies.
B. Provide the equation for the straight line that represens these costs.
2. Prepare a flexible budget for the producion and sale of 50 units: Sales revenue $100 per unit Direct Material $25 per unit Direct labor $15 per unit Commission $10 per unit Fixed costs $50 for the production of up to 75 units
3. Prepare an income statement that shows the cost of goods sold.
Beginning End Direct material inventory $ 27,000 $24,500
Work in process inventory $ 25,000 $29,000
Finished goods inventory $ 22,000 $15,000
Direct materials purchased $ 21,000
Direct labor(2,500hrs@ $12) $ 30,000
Indirect labor $ 3,000
Indirect materials $ 2,500
Office supplies expense $ 100
Equipment depre-factory $ 2,000
Equipment depre-office $ 750
Administrative expenses $ 20,000
Office utilities $ 75
Factory utilities $ 200
Marketing expense $ 2,500
Sales $150,000 Sales commissions $ 1,500
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