Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Complete

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Complete the table under the current cost system. (Round your intermediate calculations and final answers to 2 decimal places. Negative values should be indicated with a minus sign.) Almond Dream Krispy Krackle Creamy Crunch Product costs: Labor-hours per case 8.20 4.20 1.00 Total cases produced Material cost per case 1,000 1,000 1,000 $ 9.20 $ 3.20 $ 9.70 Direct labor cost per case 49.20 $ 25.20 $ 6.00 Labor-hours per product 8,200 4,200 1,000 Total overhead $ 75,500 Total labor-hours 13,400 Direct labor costs per hour $ 6.00 Allocation rate per labor-hour Costs of products: Material cost per case 9.20 $ 3.20 $ 9.70 49.20 25.20 6.00 Direct labor cost per case Allocated overhead per case Product cost Selling price Gross profit margin percentage do % % % Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Determine which product(s), if any, should be dropped. Almond Dream OKrispy Krackle Creamy Crunch Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Assume that CBI drops the product(s) identified in requirement (a) above. Calculate the gross profit margin percentage for the remaining products. Assume that CBI can sell all products that it manufactures and that it will use the excess capacity from dropping a product to produce more of the most profitable product. (Round your intermediate calculations and final answers to 2 decimal places.) Direct labor cost per hour Direct labor-hours per case Total cases produced Labor-hours per product Allocation rate per labor-hour: Allocated production costs: Material cost per case Direct labor cost per case Allocated overhead per case Product cost Gross profit margins: Selling price Product cost-direct labor allocation base Profit margin percentage % % Show less Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 If CBI maintains its current rule about dropping products, which additional products, if any, should CBI drop under the existing cost system? Almond Dream OKrispy Krackle Creamy Crunch Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Assume that CBI drops the products identified in requirements (a) and (c) above. Recalculate the gross profit margin percentage for the remaining product(s) and ascertain whether any additional product(s) should be dropped. (Round your intermediate calculations and final answers to 2 decimal places.) Direct labor cost per hour Direct labor hours per cas Total cases produced Labor hours per product Allocation rate per labor-hour: Allocated Production Costs: Material cost per case Direct labor cost per case Allocated overhead per case Product cost Gross profit margins: Selling price Product cost-direct labor allocation base Profit margin percentage % Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Which additional products, if any, should CBI drop under the existing cost system? Almond Dream OKrispy Krackle Creamy Crunch

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

Comparative international accounting

Authors: Christopher nobes, Robert parker

9th Edition

273703579, 978-0273703570

More Books

Students also viewed these Accounting questions