1. Dewey, Cheatum & Howe, LLP, is a legal firm. The lawyers are paid $150 per hour and overhead is allocated at a rate of $100 per direct labor hour. A Salt & Buttery, Inc., is a client that was charged for 16 direct labor hours and $1,000 for materials used. Calculate the price of the job given Dewey, Cheatum & Howe markup its costs by 60%

2. Simple T's, Inc. sells plain T-shirts in a very competitve market and thus needs to price its T-shirts at $12 each to maximize sales. It expects to sell 13,000 T-shirts. Its total current costs to make 13,000 T-shirts is $130,000. How much must its target total costs equal to reach its desired profit of $30,000?

3.

Daffy Duct, Inc., has the capacity to produce 12,000 cases of duct tape per year but only produces and sells 10,000 cases at $50 per case. The direct materials equals $130,000, direct labor equals $110,000, and overhead equals $100,000. Sixty percent of the manufacturing overhead is variable. The forty percent of fixed overhead is allocated equally to all products.

Dewey, Cheatum & Howe has offered to purchase 1,000 cases but at a reduced price of $40 per case. What is the additional profit (loss) of accepting this offer?

ENTER NEGATIVE NUMBERS WITH A "-" SIGN. DO NOT USE PARENTHESES. EXAMPLE: -1,000

4.

Wok Around the Clock, Inc., sells specialty woks. In the current year it expects to incur $800,000 in variable costs and $130,000 in fixed costs to make and sell 10,000 woks at $100 each.

If Wok Around the Clock accepts a special order from Hard Wok Cafe to purchase 1,000 woks at $75 each plus $1,200 in shipping costs, how much would it make or lose on this special order?

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