Dolan Products is a small, family-owned audio component manufacturer. Several years ago, the company decided to concentrate on only three models, which were sold under many brand names to electronic retailers and mass-market discount stores. For internal purposes, the company uses the product names Red, Yellow, and Green to refer to the three components. Data on the three models and selected costs follow. Year 1 Units produced and sold Sales price per unit Red 7,000 Yellow 12,000 $145 $100 Green 22,000 $ 65 Total 41,000 Direct materials cost per unit $ 80 $ 60 $ 40 Direct labor-hours per unit 2 1 Wage rate per hour $ 15 $ 15 0.4 $ 15 Total manufacturing overhead $696,000 This year (year 2), the company only produced the Yellow and Green models. Total overhead was $561,600. All other volumes, unit prices, costs, and direct labor usage were the same as in year 1. The product cost system at Dolan Products allocates manufacturing overhead based on direct labor-hours. Required: a. Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit (loss) for year 1. b. Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total gross profit (loss) for year 2. c. Should Dolan Products drop Yellow for year 3? ezto.mheducation.com A zmovie1 zmovie3 zmovie2 Movies - Viooz Putlocker - W...s Online Free Crackle Free Movies Bluebird Log In >> M Question 6 - Wk 3 - Apply: Quiz [due... Palisades Eco-Park Is A Small Ecologic... Homework Help - Q&A from Online Tut... + Help Save & Exit Submit QuickBooks On... | Intuit US My VCU Health - Dashboard Biological & P...re // Dino Pet Watchxyz Movi... for FREE!!! Home Gradebook Wk 3 Apply: Quiz [due Day 7] i Saved 6 Direct materials cost per unit Direct labor-hours per unit Wage rate per hour $ 80 2 $ 60 $ 40 1 0.4 $ 15 $ 15 $ 15 Total manufacturing overhead $696,000 15 points This year (year 2), the company only produced the Yellow and Green models. Total overhead was $561,600. All other volumes, unit prices, costs, and direct labor usage were the same as in year 1. The product cost system at Dolan Products allocates manufacturing overhead based on direct labor-hours. Required: a. Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit (loss) for year 1. b. Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total gross profit (loss) for year 2. c. Should Dolan Products drop Yellow for year 3? Mc Graw Hill Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit (loss) for year 1. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) Product cost per unit Gross margin (loss) per unit Total gross profit (loss) Red Yellow Green Required A Required B > Total < Prev 6 of 6 Next > ezto.mheducation.com A zmovie1 zmovie3 zmovie2 Movies - Viooz Putlocker - W...s Online Free Crackle Free Movies Bluebird Log In >> M Question 6 - Wk 3 - Apply: Quiz [due... Palisades Eco-Park Is A Small Ecologic... Homework Help - Q&A from Online Tut... + Help Save & Exit Submit QuickBooks On... | Intuit US My VCU Health - Dashboard Biological & P...re // Dino Pet Watchxyz Movi... for FREE!!! Home Gradebook Wk 3 Apply: Quiz [due Day 7] i Saved 6 Direct materials cost per unit Direct labor-hours per unit Wage rate per hour $ 80 2 $ 60 $ 40 1 0.4 $ 15 $ 15 $ 15 Total manufacturing overhead $696,000 15 points Mc Graw Hill This year (year 2), the company only produced the Yellow and Green models. Total overhead was $561,600. All other volumes, unit prices, costs, and direct labor usage were the same as in year 1. The product cost system at Dolan Products allocates manufacturing overhead based on direct labor-hours. Required: a. Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit (loss) for year 1. b. Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total gross profit (loss) for year 2. c. Should Dolan Products drop Yellow for year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total gross profit (loss) for year 2. (Do not round your intermediate calculations. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.) Product cost per unit Gross margin (loss) per unit Total gross profit (loss) Yellow Green Total < Required A Required C > < Prev 6 of 6 Next > 6 QuickBooks On... | Intuit US My VCU Health - Dashboard Biological & P...re // Dino Pet Home Gradebook Wk 3 Apply: Quiz [due Day 7] i ezto.mheducation.com A Watchxyz Movi... for FREE!!! zmovie1 zmovie3 zmovie2 Movies - Viooz Putlocker - W...s Online Free Crackle Free Movies Bluebird Log In >> M Question 6 - Wk 3 - Apply: Quiz [due... Palisades Eco-Park Is A Small Ecologic... Homework Help - Q&A from Online Tut... + Saved Help Save & Exit Submit 6 Direct materials cost per unit Direct labor-hours per unit Wage rate per hour $ 80 2 $ 60 $ 40 1 0.4 $ 15 $ 15 $ 15 Total manufacturing overhead $696,000 15 points This year (year 2), the company only produced the Yellow and Green models. Total overhead was $561,600. All other volumes, unit prices, costs, and direct labor usage were the same as in year 1. The product cost system at Dolan Products allocates manufacturing overhead based on direct labor-hours. Required: a. Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit (loss) for year 1. b. Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total gross profit (loss) for year 2. c. Should Dolan Products drop Yellow for year 3? Mc Graw Hill Complete this question by entering your answers in the tabs below. Required A Required B Required C Should Dolan Products drop Yellow for year 3? Yes O No < Required B Required C < Prev 6 of 6 Next > 6