Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3 3 Fiori Corporation's relevant range of activity is 4900 units to 5500 units. When it produces and sells 5250 units, its average costs per

image text in transcribed
image text in transcribed
3 3 Fiori Corporation's relevant range of activity is 4900 units to 5500 units. When it produces and sells 5250 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 7 Direct labor sl Variable manufacturing overhead SI 2 Fixed manufacturing overhead $ Fixed selling expense SIN 1.35 Fixed administrative expense 1.25 Sales commissions s 1.7 Variable administrative expense 1.21 1 What is the unit manufacturing cost of the 5,250 units? 2 What is the total indirect manufacturing cost of the 5,250 units? 3 What is the total period cost of the 5,250 units? 4 What is the unit variable cost of the 5,250 units? 5 What is the total fixed cost of the 5,250 units? 6 What is the total manufacturing cost if 5,400 units are produced and sold? What is the incremental (additional) manufacturing cost the company will incur if it increases production from 5,250 to 5,251 7 units? What is the incremental (additional) non-manufacturing cost the company will incur if it increases production from 5,250 to 5,251 8 units? Madole Corporation has two production departments, Forming and Customizing. The company Customizin Forming Machine-hours 12,000 2,000 Direct labor-hours 3,000 9,000 Total fixed manufacturing overhead cost $156,000 $60,000 Variable manufacturing overhead per machine-hour $2.00 Variable manufacturing overhead per direct labor-hour $4.00 During the current month the company started and finished Job K973. The following data were recorded for this job: Customizin Job K973: Forming Machine-hours 70 15 10 60 Direct labor-hours S 20 Direct labor rate per hour 15$ s 500 $ 700 Direct materials used 1 Calculate POHR for the two departments 2 Calculate the total overhead applied to Job K973 in both departments, 3 Calculate the total manufacturing cost (job cost) of Job K973. 4 If there is a pricing policy of charging a mark-up plus of 65%, what is the price of this job

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting The Basis For Business Decisions

Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner

International 11th Edition

007115809X, 978-0071158091

More Books

Students also viewed these Accounting questions

Question

How does an applicant apply?

Answered: 1 week ago