Click the icon to view the Cutting data) (Click the icon to view the Sewing data) Whole Transferred Equivalent UNIS Direct Conversion Materials Costs UNITS Units In Units to account for Beginning work in process 400 2000 Transferred in Total units to account for 2400 Units accounted for Completed and transferred out Ending work-in-process 1750 ma 1750 1750 400 400 n/a n/a Total units accounted for Video e Text Pages Get More Help Type here to search o O 8 5. 6 8 W E R R. T able Amount Units Cutting Department Beginning balance Started in March $ 0 O shirts 2,000 shirts 2,600 3,000 Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance ??? 2,000 shirts 0 O shirts Print Done n/a a ata Table Amount Units $ 1,600 400 shirts 222 ??? Sewing Department Beginning balance, transferred in, $1,120; conversion costs, $480 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished Goods Ending balance, 80% complete 2,244 ??? 1,750 shirts 222 ??? Print Done n/a Question 1, Comp21-1 (s... Part 4 of 25 HW Score: 27. Points: 13.52 ustom For the same time period, the Raleigh Shirt Ca Data Table Job Status Quantity Design Fee Yes Printing 3 colors 367 100 368 250 No 5 colors Complete Complete Complete Complete 369 300 2 colors Yes Yes 370 400 4 colors The Raleigh Shirt Company has previously determined that creating and programming the design cost $60 per design. This is a one-time charge. If a customer places another order with the same design, the customer is not charged a second time. Additionally, the cost to print is $0.90 per color per shirt Print Done o O BE a X Requirements 1. Complete a production cost report for the Cutting Department and the Sewing Department. What is the cost of one basic shirt? 2. Determine the total cost and the average cost per shirt for jobs 367 368, 369 and 370. If the company set the sales price at 140% of the total cost determine the total sales price of each job. 3. In addition to the custom jobs the Raleigh Shirt Company sold 1.750 basic shirts (assume the beginning balance in Finished Goods Inventory is sufficient to make these sales and the unit cost of the basic shirts in Finished Goods Inventory is the same as the unit cost incurred this month). If the company set the sales price at 125% of the cost determine the sales price per unit, total sales revenue, total cost of goods sold and total gross profit for the basic shirts. 4. Calculate the total revenue total cost of goods sold, and total gross profit for all sales, basic and custom 5. Assume the company sold only basic shirts (no custom designs) and incurred fixed costs of $400 per month a. Calculate the contribution margin per unit contribution margin ratio. required sales in units to break even and required sales in dollars to break even b. Determine the margin of safety in units and dollars Print Done 0 O D $
