Question
1.)Crinks Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 14,500 hours and the
1.)Crinks Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 14,500 hours and the total estimated manufacturing overhead was $371,200. At the end of the year, actual direct labor-hours for the year were 14,200 hours and the actual manufacturing overhead for the year was $359,770. Overhead at the end of the year was: (Round your intermediate calculations to 2 decimal places.)
2.)
Rickers Inc. produces and sells two products. Data concerning those products for the most recent month appear below:
Product O66C | Product V67G | |
Sales | $40,000 | $45,000 |
Variable expenses | $12,800 | $28,850 |
The fixed expenses of the entire company were $38,940. The break-even point in sales dollars for the entire company is closest to: (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)
3.)
The following information pertains to Clove Co.:
Budgeted sales | $1,020,000 |
Breakeven sales | $ 680,000 |
Budgeted contribution margin | $ 580,000 |
Clove's margin of safety is:
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