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What is the profit or loss per tire

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Wheel and Tire Manufacturing currently produces 1,000 tires per month. The following data apply for sales to regular customers:
Sales price - $108 per tire
Direct materials - $20 per tire
Direct manufacturing labor - $6 per hour (2 tires per hour can be produced)
Variable manufacturing overhead - $6 per tire
Manufacturing overhead - $12,000 per month

Required

Problem 1. Is the company making a profit on 1,000 tires? What is the profit or loss per tire?

Problem 2. The company has decided to produce 3,000 tires; calculate the total profit or loss. What is the profit or loss per tire?

Reference no: EM132778473

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