Answered step by step
Verified Expert Solution
Question
1 Approved Answer
General information: Selling price of bamboo rocking horses OPTIMA, INC. Linear feet of bamboo required per rocking horse Cost of bamboo per foot I
General information: Selling price of bamboo rocking horses OPTIMA, INC. Linear feet of bamboo required per rocking horse "Cost of bamboo per foot I Hours required to build Average hourly direct labor rate Additional information: $33.50 3 I $2.00 I 0.50 I $15.00 I Ending finished goods inventory (percentage of the next quarter's sales) '40% I I Ending raw materials inventory (percentage of the next quarter's production) 30% I Quarters/Year Variable manufacturing overhead rate per direct labor hour $8.00 Estimated quarterly fixed manufacturing overhead $275,000.00 I 4 I Estimated monthly selling and administrative expenses: Variable $6.00 1 Fixed $200,000.00! Expected number of frames sold in following quarters: 4th Quarter 2019 55,000 1st Quarter 2020 65,000 2nd Quarter 2020 70,000 3rd Quarter 2020 75,000 4th Quarter 2020 90,000 1st Quarter 2021 90,000 2nd Quarter 2021 75,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started