Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

6-1 MyAccounting La Homework: Chapter 11 Part 1 of 2 Fitness World, Inc, produces two basic types of weight-lifting equipment, Model 9 and Model 14.

6-1 MyAccounting La Homework: Chapter 11 Part 1 of 2 Fitness World, Inc, produces two basic types of weight-lifting equipment, Model 9 and Model 14. Pertinent data are as follows: (Click the icon to view the data) O Points: 0 of 5 Save The weight-lifting craze suggests that Fitness World can sell enough of either Model 9 or Model 14 to keep the plant operating at full capacity Both products are processed through the same production dans Read the requirements bere vermaning wrach products produce, scarce nouson mange por una con meges por mun nou or a me lowest possible ratio of machine hours in order to calculate the contribution margin per machine hour Example 64 would be 21. Enter the amounts to the nearest cent) Contribution margin per unit Contribution margin per machine hour Model 9 Model 141 Clear all Check answer Data table A B 1 2 Per Unit C Model 9 Model 14 $ 95.00 $ 120.00 4 3 Selling price 4 Costs 5 Direct material 31.00 17.00 Variable direct manufacturing 6 labor 17.00 26.00 Variable manufacturing 7 overhead 26.00 13.00 8 Fixed manufacturing overhead* 4.00 2.00 Print Done X Data table 4 Costs 5 Direct material 31.00 17.00 Variable direct manufacturing .. 6 labor 17.00 26.00 Variable manufacturing 7 overhead 26.00 13.00 8 Fixed manufacturing overhead* 4.00 2.00 6 Marketing (all variable) 15.00 9.00 10 Total costs 93.00 67.00 $ EA 2.00 $ 53.00 11 Operating income 12 Allocated on the basis of machine-hours - Requirements al Which product should the company produce? Briefly explain your answer. EU Print Done X Fixed costs per unit Relative use of machine-hours per unit of product Selling price per unit Total cost per unit Variable costs per unit DI Homework: 6-1 MyAccountingLab Homework: Chapter 11 Question 4, E11-28 (similar to) HW Score: 9.20%, 4.17 of 45 points O Points: 0 of 5 Save del 9 and Model 14. Pertinent data are as follows Fitness World, Inc, produces two basic types of weight-lifting equipment, Model 9 and 1 (Click the icon to view the data.) The weight-lifting craze suggests that Fitness World can sell enough of either Model 9 or Model 14 to keep the plant operating at full capacity. Both products are processed through the same production department Read the requirements Before determining which products to produce, let's calculate the contribution margin per unit and the contribution margin per machine hour for each machine (Reduce the faxed manufacturing overhead to the lowest possible ratio of machine hours in order to calculate the contribution margin per machine hour Example: 84 would be 21. Enter the amounts to the nearest cent) Contribution margin per unit Model 9 Model 14 Clear all Check answ

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

Schaums Outline Of Theory And Problems Of Managerial Accounting

Authors: Jae K. Shim, Joel G. Siegel

0070573050, 978-0070573055

More Books

Students also viewed these Accounting questions

Question

1. Are my sources credible?

Answered: 1 week ago

Question

3. Are my sources accurate?

Answered: 1 week ago

Question

1. Is it a topic you are interested in and know something about?

Answered: 1 week ago