Below is various cost and revenue data for Salem the Cat Manufacturing, which produces the T-Toaster Mailbox. Note that the accounts in this problem are shown in no particular order.

DIRECT LABOR $2,000

PURCHASES OF RAW MATERIALS $ 2,100

INDIRECT LABOR $530

INSURANCE, FACTORY $400

PROPERTY TAXES, FACTORY $700

FACTORY SUPERVISION $620

FACTORY ENGINEERING SUPPORT $330

FINISHED GOODS INVENTORY, JANUARY 1 $30

FINISHED GOODS INVENTORY, DECEMBER 31 $100

FACTORY MAINTENANCE $120

RAW MATERIALS INVENTORY, JANUARY 1 $110

RAW MATERIALS INVENTORY, DECEMBER 31 $50

DEPRECIATION, FACTORY $1,200

UTILITIES, FACTORY $720

WORK-IN-PROCESS INVENTORY, JANUARY 1 $10

WORK-IN-PROCESS INVENTORY, DECEMBER 31 $20

REQUIRED:

Compute Salem's Cost of Goods Sold Expense for the period.

A. Computing CVP Results: Single Product

You're the marketing director at Harvey Kinkle Sporting Goods, Inc. Your new product, currently in development, is the Super-Ball. You estimate the selling price at $780. Fixed costs will be $9,300,000, direct labor costs will be $200 per unit, and direct materials costs will be $120 per unit.

Required: Compute how many units of the Super-Ball must be sold in order to earn a target profit of $7,000,000.

B. Computing CVP Results (continuation): Single Product with Plan Changes.

Now Harvey Kinkle's production manager comes up with an alternative proposal for the product (the Super-Ball). She estimates that by increasing the fixed costs by $3,000,000, the cost of materials and labor (taken together) can be reduced by $100 per unit.

Required: Assuming the firm's profit goal is the same, a) how many units must now be sold? b) What is this in dollar (revenue) terms?

C. Computing CVP Results: Multiple Products.

Below are next month's projected (forecast, budgeted) income statements for the three products manufactured by Sabrina Teen Manufacturing Inc, and for the firm as a whole. These products are:

Cauldrons Wands Magic Books TOTAL Revenues $ 400,000 $1,600,000 $2,000,000 $4,000,000 Variable Cost 1 160,000! g 400,0001 1300,0001 1860,0001 Contribution Margin $ 240,000 $ 1,200,000 $1,700,000 3,140,000 Fixed Cost 13,000,000! Net Income $ 140,000 The end of the month comes around, and the actual sales figures come in. They are as follows. Note that the Total Revenues are the same. Cauldrons Wands Magic Books TOTAL Revenues $2,800,000 $800,000 $ 400,000 $4,000,000 Required: 1) Compute Sabina Manufacturing's breakeven revenue using the numbers provided in the Projection (the "given" set of numbers). 2) Prepare an income statement using the actual sales figures, including percents columns (or what we've been doing, which is decimals columns) for each product and for the firm as a whole. Don't worry too much about rounding. Just round to the nearest .01, as in .73 not .73452 or whatever. 3) What is the breakeven revenue, now that we know the actual sales figures?Below are some projected costs of the Zelda Corporation for the upcoming period. Zelda Corporation manufactures Other Realm Portals- Ofce Building Depreciation $50,000 Direct Materials 81,000 Utilities, Factory 14,000 Depreciation, Factory 38,000 Supervision, Factory 11,000 Direct Labor 99,000 Indirect Labor 23,000 Headquarters Ofce Costs 13,000 Indirect Materials 16,000 Property Tax, Factory 12,000 Advertising Expense 12,000 Zelda Corporation's production manager expects volume for the next period to be 6,000 direct labor hours and 12,000 direct machine hours. The rm applies overhead on the basis of direct machine hours, using a single factory-wide overhead rate. REQUIRED: Compute Zelda Corporation's Factorywide Overhead Rate for the upcoming period. (Round to the nearest penny.) Westbridge Trampolines Plus Corp- manufactures cheerleading supplies, including the CosmicTrampoline. Cosmic Trampolines are manufactured in two production departments, Stitching and Framing. The rm allocates Personnel Department overhead to the two departments on the basis of number of employees. Total estimated Personnel Department overhead for the upcoming month is $900,000- The Stitching department expects to employ 400 workers in the upcoming month- The Framing department expects to use 100 workers. In each department, overhead is allocated to jobs on the basis of direct labor hours (DLH). Normal labor-hour volume for the upcoming month in Stitching is 10,000 hours- Normal labor-hour volume in Framing is 4,000 hours. Each Cosmic Trampoline receives 5 hours of direct labor time in Stitching and 9 hours in Framing. REQUIRED: Compute total overhead (OH) to be applied to each Cosmic Trampoline. Sabrina Enterprises manufactures the Phantom Zoner. During the final three months of 2022 and into the first month of 2023, Sabrina Enterprises expects that it will produce Phantom Zoners according to the following schedule: October November December January 2023 Phantom Zoners to produce 20,000 15,000 22,000 10,000 The firm expects to use 9 grams of Kryptonite per Phantom Zoner. Cost of Kryptonite is $11.00 per gram. The desired ending inventory of Kryptonite at the end of each month is 20% of the following month's production needs. The ending inventory for September is 10,000 grams of Kryptonite. Required: Prepare a direct materials budget for the 4th quarter of 20122 (October, November, and December)