Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A customer has asked Lalka Corporation to supply 3,000 units of product H60, with some modifications, for $34.70 each. The normal selling price of this

image text in transcribed
image text in transcribed
image text in transcribed
A customer has asked Lalka Corporation to supply 3,000 units of product H60, with some modifications, for $34.70 each. The normal selling price of this product is $46.35 each. The normal unit product cost of product H60 is computed as follows: $ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost 14.70 1.30 7.00 7.90 30.90 $ Direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like some modifications made to product H60 that would increase the variable costs by $3.80 per unit and that would require a one-time investment of $24,000 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for producing the special order. Required: Determine the financial advantage or disadvantage of accepting the special order. Glover Company makes three products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Product AB $ 15.80 $ 11.00 $ 19.10 17.20 2.60 3.10 21.60 24.10 $ 59.10 $ 55.40 $ 14.10 20.30 3.30 31.30 69.00 Additional data concerning these products are listed below. Product Mixing minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units 3.30 2.60 3.10 $74.30 $ 66.40 $ 81.00 $ 2.80 $ 2.30 $ 1.90 2,000 1,000 1,000 The mixing machines are potentially the constraint in the production facility. A total of 10,900 minutes are available per month on these machines. Direct labor is a variable cost in this company Required: a. How many minutes of mixing machine time would be required to satisfy demand for all three products? b. How many units of each product should be produced to maximize net operating income

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

Corporate Financial Reporting And Analysis A Global Perspective

Authors: S. David Young, Jacob Cohen, Daniel A. Bens

4th Edition

1119494575, 978-1119494577

More Books

Students also viewed these Accounting questions