Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An economic downturn has transpired and there now needs to be a shift in production. See the new plan below and apply the ABC method
An economic downturn has transpired and there now needs to be a shift in production. See the new plan below and apply the ABC method to calculating profit. Production Plan (monthly) 293890 Wata Darsian 96000 78000 Swiss Miss Ice Burg 66000 Product innovation (in 96 3.0096 Purchasing (in sqft) 100,000 350,000 550,000 1,000,000 Wata Accounting Human Resource and Finance Management (in labor in labor hours) hours 25 25 250 350 750 600 975 875 Marketing in 95) 3.00 15.0096 26.0096 Darsian Swiss Miss 15.00 40.00 42.0096 Ice Burg 56.0096 Accounting Human Resource and Finance Management in labor in labor hours) hours) 25 25 Product Innovation (in %) 13.00% 15.0096 40.00% Wata Purchasing (in soft) 100,000 350,000 550,000 1,000,000 Marketing (in 96) 3.00% 15.0096 26.00% 56.0096 Darsian 250 350 Swiss Miss 600 750 975 Ice Burg 42.0096 875 1. What is the revenue generated per product by this plant given the production plan above? 2. What is the raw material cost per product given the production plan above? 3. What is the labor cost per product given the production plan above? 4. What is the overhead cost per product given the production plan above? 5. What is the profit per product given the production plan above? 6. What is the unit profit product given the production plan above? An economic downturn has transpired and there now needs to be a shift in production. See the new plan below and apply the ABC method to calculating profit. Production Plan (monthly) 293890 Wata Darsian 96000 78000 Swiss Miss Ice Burg 66000 Product innovation (in 96 3.0096 Purchasing (in sqft) 100,000 350,000 550,000 1,000,000 Wata Accounting Human Resource and Finance Management (in labor in labor hours) hours 25 25 250 350 750 600 975 875 Marketing in 95) 3.00 15.0096 26.0096 Darsian Swiss Miss 15.00 40.00 42.0096 Ice Burg 56.0096 Accounting Human Resource and Finance Management in labor in labor hours) hours) 25 25 Product Innovation (in %) 13.00% 15.0096 40.00% Wata Purchasing (in soft) 100,000 350,000 550,000 1,000,000 Marketing (in 96) 3.00% 15.0096 26.00% 56.0096 Darsian 250 350 Swiss Miss 600 750 975 Ice Burg 42.0096 875 1. What is the revenue generated per product by this plant given the production plan above? 2. What is the raw material cost per product given the production plan above? 3. What is the labor cost per product given the production plan above? 4. What is the overhead cost per product given the production plan above? 5. What is the profit per product given the production plan above? 6. What is the unit profit product given the production plan above
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started