Actual Results for Elacat 2020 Net Revenue in $ Cosmet's Eood 310,500,000 $19.800,000 Total $3,500,000 Results for the year ended August 11, 2020 Revenue Discount Net Revenue Food Total $12,000,000 $22,000,000 14,000,000 (1.200.000 2.200,000) (1,400,000 $10,000,000 $19.800,000 $10,600,000 Direct Labour Costins $2,000,000 $3,500,000 $5.500.000 15.377,190 75,000 175,000 250,000 of Assembly Labour Hours of Fabrication Machine Hours 200.000 375,000 575,000 100 40 140 of Machines sold 23,277.000 5.000 30,000 240,000 7.DOO 760.000 80,000 340,000 100,000 360.000 6,500 412.000 120 70 190 of Machines Produced 420 Inspection Hours 2.580 2,160 34,050 Factory Area used metres 11,250 22.500 Details of Proposed Customer Order 7,760 Direct Materials $226,000 Materials purchased 7.499.00 Accounting and legal Ulty Costs Head Office Utility Costs Production Administrative salaries Inspection Costs Factory Trance Sales como Interest on businecredine Management salaries Omar, Anna, Ted $120,000 each) Property Tunes Head Office Factory building Ameristian office supplies, Courier and Postage Al usiness Lenses and Fees Warranty Program Corts Amortization pense-Fabrication Equipment Amortation Expense-Offquipment Business Liability insurance Telephone or Factory Telephone Cost-Head Office Ana's House Rent Labour Assembly workers 2,000,000 Labour Production services Total Experts Net Income flow Current Year End Balces Cosmetic Raw Materials $1,800,000 Costs-Machines unfinished at your end 1.000.000 Costs Machines complete but not sold 3,000,000 Last Year End Balance Raw Materials 1,000,000 Costs Machines unfinished a year end 2.500.000 Costs Machines complete but not sold $500,000 $57,000 2.500 500,000 650,000 12.000 10,000 3,000 6,000 $15.000 5.500.000 Direct Labour 2.500,000 Food $2,000,000 3.000.000 4,000,000 32,922,70 152,592,7501 Total $4,500,000 4,000,000 9,000,000 Expected of Fabrication Machine Hours 5,642 600,00 Question: the following seperdie septiek Calculate the predicted total cost and proposed selling price for the customer order using i Direct Labour Dellan is the cost driver. i Machine bous is the cost driver Note: Asunta Gross Margin of 15% in order to determine the proposed selling price. 2,000,000 5.000.000 $1.500.000 3.000.000 7.500.000 $2,000,000 Results for the year ended August 31, 2020 Revenue Discount Net Revenue Cosmetic Food Total $12,000,000 $22,000,000 34,000,000 (1,200,000) (2,200,000) (3,400,000) $10,800,000 $19,800,000 $30,600,000 Materials purchased 7,899,802 15,377,198 23,277,000 Accounting and legal 5,000 Utility Costs- Head Office 30,000 Utility Costs- Production 240,000 Administrative salaries 76,000 Inspection Costs 760,000 Factory Insurance 80,000 Sales commissions 340,000 Interest on business credit line 100,000 Management salaries (Omar,Anna, Ted $120,000 each) 360,000 Property Taxes- Head Office 6,500 Factory Building Amortization 412,000 Office supplies, Courier and Postage 7,760 Annual Business Licenses and Fees 2,500 Warranty Program Costs 500,000 Amortization Expense - Fabrication Equipment 650,000 Amortization Expense-Office Equipment 12,000 Business Liability Insurance 10,000 Telephone Costs-Factory 3,000 Telephone Costs- Head Office 6,000 Anna's House Rent $15,000 Labour- Assembly workers 2,000,000 3,500,000 5,500,000 Labour-Production supervisors 600,000 Total Expenses 32,992,760 Net Income (Loss) ($2,392,760) Current Year End Balances Cosmetic Food Total Raw Materials $1,500,000 $3,000,000 $4,500,000 Costs- Machines unfinished at year end 1,000,000 3,000,000 4,000,000 Costs- Machines complete but not sold 3,000,000 6,000,000 9,000,000 Last Year End Balances Raw Materials 1,000,000 2,000,000 3,000,000 Costs- Machines unfinished at year end 2,500,000 5,000,000 7,500,000 Costs- Machines complete but not sold $500,000 $1,500,000 $2,000,000 Actual Results for Fiscal 2020 Net Revenue in $ Cosmetic Food Total $10,800,000 $19,800,000 $30,600,000 Direct Labour Cost in $ $2,000,000 $3,500,000 $5,500,000 # of Assembly Labour Hours 75,000 175,000 250,000 # of Fabrication Machine Hours 200,000 375,000 575,000 # of Machines sold 40 100 140 # of Machines Produced 70 120 190 Inspection Hours 420 2,160 2,580 34,050 Factory Area used (sq metres) 11,250 22,800 Details of Proposed Customer Order Direct Materials $226,000 Direct Labour $57,000 Expected # of Fabrication Machine Hours 5,642 Calculate the predicted total cost and proposed selling price for the customer order using Question: the following separate assumptions: i. Direct Labour Dollars is the cost driver. ii. Machine hours is the cost driver Note: Assume a Gross Margin of 15% in order to determine the proposed selling price. Actual Results for Elacat 2020 Net Revenue in $ Cosmet's Eood 310,500,000 $19.800,000 Total $3,500,000 Results for the year ended August 11, 2020 Revenue Discount Net Revenue Food Total $12,000,000 $22,000,000 14,000,000 (1.200.000 2.200,000) (1,400,000 $10,000,000 $19.800,000 $10,600,000 Direct Labour Costins $2,000,000 $3,500,000 $5.500.000 15.377,190 75,000 175,000 250,000 of Assembly Labour Hours of Fabrication Machine Hours 200.000 375,000 575,000 100 40 140 of Machines sold 23,277.000 5.000 30,000 240,000 7.DOO 760.000 80,000 340,000 100,000 360.000 6,500 412.000 120 70 190 of Machines Produced 420 Inspection Hours 2.580 2,160 34,050 Factory Area used metres 11,250 22.500 Details of Proposed Customer Order 7,760 Direct Materials $226,000 Materials purchased 7.499.00 Accounting and legal Ulty Costs Head Office Utility Costs Production Administrative salaries Inspection Costs Factory Trance Sales como Interest on businecredine Management salaries Omar, Anna, Ted $120,000 each) Property Tunes Head Office Factory building Ameristian office supplies, Courier and Postage Al usiness Lenses and Fees Warranty Program Corts Amortization pense-Fabrication Equipment Amortation Expense-Offquipment Business Liability insurance Telephone or Factory Telephone Cost-Head Office Ana's House Rent Labour Assembly workers 2,000,000 Labour Production services Total Experts Net Income flow Current Year End Balces Cosmetic Raw Materials $1,800,000 Costs-Machines unfinished at your end 1.000.000 Costs Machines complete but not sold 3,000,000 Last Year End Balance Raw Materials 1,000,000 Costs Machines unfinished a year end 2.500.000 Costs Machines complete but not sold $500,000 $57,000 2.500 500,000 650,000 12.000 10,000 3,000 6,000 $15.000 5.500.000 Direct Labour 2.500,000 Food $2,000,000 3.000.000 4,000,000 32,922,70 152,592,7501 Total $4,500,000 4,000,000 9,000,000 Expected of Fabrication Machine Hours 5,642 600,00 Question: the following seperdie septiek Calculate the predicted total cost and proposed selling price for the customer order using i Direct Labour Dellan is the cost driver. i Machine bous is the cost driver Note: Asunta Gross Margin of 15% in order to determine the proposed selling price. 2,000,000 5.000.000 $1.500.000 3.000.000 7.500.000 $2,000,000 Results for the year ended August 31, 2020 Revenue Discount Net Revenue Cosmetic Food Total $12,000,000 $22,000,000 34,000,000 (1,200,000) (2,200,000) (3,400,000) $10,800,000 $19,800,000 $30,600,000 Materials purchased 7,899,802 15,377,198 23,277,000 Accounting and legal 5,000 Utility Costs- Head Office 30,000 Utility Costs- Production 240,000 Administrative salaries 76,000 Inspection Costs 760,000 Factory Insurance 80,000 Sales commissions 340,000 Interest on business credit line 100,000 Management salaries (Omar,Anna, Ted $120,000 each) 360,000 Property Taxes- Head Office 6,500 Factory Building Amortization 412,000 Office supplies, Courier and Postage 7,760 Annual Business Licenses and Fees 2,500 Warranty Program Costs 500,000 Amortization Expense - Fabrication Equipment 650,000 Amortization Expense-Office Equipment 12,000 Business Liability Insurance 10,000 Telephone Costs-Factory 3,000 Telephone Costs- Head Office 6,000 Anna's House Rent $15,000 Labour- Assembly workers 2,000,000 3,500,000 5,500,000 Labour-Production supervisors 600,000 Total Expenses 32,992,760 Net Income (Loss) ($2,392,760) Current Year End Balances Cosmetic Food Total Raw Materials $1,500,000 $3,000,000 $4,500,000 Costs- Machines unfinished at year end 1,000,000 3,000,000 4,000,000 Costs- Machines complete but not sold 3,000,000 6,000,000 9,000,000 Last Year End Balances Raw Materials 1,000,000 2,000,000 3,000,000 Costs- Machines unfinished at year end 2,500,000 5,000,000 7,500,000 Costs- Machines complete but not sold $500,000 $1,500,000 $2,000,000 Actual Results for Fiscal 2020 Net Revenue in $ Cosmetic Food Total $10,800,000 $19,800,000 $30,600,000 Direct Labour Cost in $ $2,000,000 $3,500,000 $5,500,000 # of Assembly Labour Hours 75,000 175,000 250,000 # of Fabrication Machine Hours 200,000 375,000 575,000 # of Machines sold 40 100 140 # of Machines Produced 70 120 190 Inspection Hours 420 2,160 2,580 34,050 Factory Area used (sq metres) 11,250 22,800 Details of Proposed Customer Order Direct Materials $226,000 Direct Labour $57,000 Expected # of Fabrication Machine Hours 5,642 Calculate the predicted total cost and proposed selling price for the customer order using Question: the following separate assumptions: i. Direct Labour Dollars is the cost driver. ii. Machine hours is the cost driver Note: Assume a Gross Margin of 15% in order to determine the proposed selling price