Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following data from Sintek Inc. January February March Sales in Units 4 , 0 0 0 4 , 5 0 0 5 ,

Consider the following data from Sintek Inc.
January February March
Sales in Units 4,0004,5005,000
Sales Revenue $400,000 $450,000 $500,000
Direct Materials 72,00081,00090,000
Direct Labor 88,00099,000110,000
Manufacturing Overhead 50,00052,50055,000
Sales Commission 28,00031,50035,000
Other Selling expenses 40,00041,00042,000
Administrative expenses 32,00032,00032,000
Answer the following questions:
1. What is the average price per unit sold?
2. Write the cost equation for direct materials.
3. Write the cost equation for direct labour.
4. Write the cost equation for manufacturing overhead.
5. Write the cost equation for sales commission.
6. Write the cost equation for other selling expenses.
7. Write the cost equation for administrative expenses.
8. Compute the total variable product cost per unit.
9. Compute the total variable selling and administrative costs per unit.
10. If 4100 units are sold, what is the sales commission expense?
11. If 4700 units are sold, what is the manufacturing overhead cost?
12. If 4,700 units are sold, what is the total cost?
13. What is the contribution margin per unit?
14. If 4,000 units are sold, what is the total contribution margin?
15. If 4,600 units are sold, what is the net income?

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

College Accounting A Practical Approach Chapters 1-25

Authors: Jeffrey Slater

12th Edition

013277206X, 978-0132772068

More Books

Students also viewed these Accounting questions

Question

Define personality and list the big five personality traits.

Answered: 1 week ago

Question

It would have cost more to complain.

Answered: 1 week ago