Reference no: EM133010293
Question - Lens Care Inc. (LCI) manufactures specialized equipment for polishing optical lenses. There are two models - one mainly used for fine eyewear (F-32) and another for lenses used in binoculars, cameras, and similar equipment (B-13).
The manufacturing cost of each unit is calculated using activity-based costing, using the following manufacturing cost pools:
Cost Pools Allocation Base Costing Rate Materials handling Number of parts $3.90 per part
Manufacturing supervision Hours of machine time $14.95 per hour
Assembly Number of parts $4.05 per part
Machine setup Each setup $57.25 per setup
Inspection and testing Logged hours $46.25 per hour
Packaging Logged hours $20.25 per hour
LCI currently sells the B-13 model for $5,150 and the F-32 model for $5,420. Manufacturing costs and activity usage for the two products are as follows:
B-13 F-32
Direct materials $165.25 $76.20
Number of parts 175 135
Machine hours 8.65 4.35
Inspection time 3.20 2.30
Packaging time 1.65 1.25
Setups 6 5
Required - What the profit margin based on manufacturing cost for model F-32?
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