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TurStutt, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company's products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store tovic wostes. Production is constrained by the capocity of an automated welding machine that is used to make precision weids. A total of 2,280 hours of weiding time is avallable annually on the machine. Becouse each drum requires 0.4 hours of welding mochine time, annuai production is limited to 5,700 drums. At present, the weiding machine is used exclusively to make the WVD drums. The accounting deportment has provided the following financial data concerning the WVD drums: Manogement believes 7,250 WVD drums could be sold each year if the compony hod sufficient manufocturing copacity. As an alternative to adding another welding machine, management has considered buying additional drums from an outside supplier. Harcor Industries, Incorporated, a supplier of quolity products, would be able to provide up to 4,700 WrV-type drums per year at a price of $180 per drum, which TurStuff would resell to its customers at its normal selling price after appropriate relabeling Megan Flores, TurStuff's production manoger, has suggested that the company could make better use of the welding machine by manufacturing bike frames, which would require only 0.5 hours of welding machine time per frame and yet sell for far more than the drums, Megan believes that TufStuff could sell up to 1,880 bike frames per year to bike manufacturers at a price of $309 each. The accounting department has provided the following data concerning the proposed new product. Management believes 7,250 WVD drums could be sold each year if the company hod sufficient manufacturing capacity, As an alternative to adding another welding mochine, management has considered buying additional drums from an outside supplier. Harcor Industries, Incorporated, a supplier of quality products, would be able to provide up to 4,700 WVD type drums per year at a price of $180 per drum, which Turstuff would resell to its customers at its normal selling price after appropelate relabeling Megan Flores, TufStuff's production manager, has suggested that the company could make better use of the weiding machine by manufacturing bike frames, which would require only 0.5 hours of welding machine time per frame and yet sell for far more than the drums. Megan beleves that TurStuff could sell up to 1,880 bike frames per year to bike manufacturers ot a price of $309 each. The accounting department has provided the following data concerning the proposed new product: The blke frames could be produced with existing equlpment and personnel. Manufacturing overhead is ailocated to products on the basis of direct labor-hours. Most of the manufacturing overhead consists of fixed common costs such as rent on the factory bulding. but some of it is variable. The variable manufacturing overhead has been estimated at $1.35 per WVD drum and $1.90 per bike frame The variable manufacturing overhead cost would not be incurred on drums acquired from the outside supplier. Selling and administrative expenses are allocated to products on the basis of revenues. Almost all of the selling and administrative expenses are fixed common costs, but it has been estimated that variable selling and administrative expenses amount to $75 per WVD drum whether made or purchased and would be $2.70 per bike frame. All of the company's employees-direct and indirect-are paid for full 40.00 hour work weeks and the company has a policy of laying off workers only in major recessions. As soon as yout analysis was shown to the top management team at TurStuff, several managers got into an argument concerning how direct labor costs should be treated when making this decision. One manager argued that direct labor is always treated as a variable cost in textbooks and in practice and has always been considered a variable cost at TurStuff After all, "direct" means you can directly trace the cost to products. "If direct labor is not a variable cost, what is?" Another manager argued just as strenuously that direct labor Selling and administrative expenses are allocated to products on the basis of revenues. Almost all of the selling and administrative expenses are fixed common costs, but it has been estimated that variable selling and admintstrative expenses amount to $75 per WVD drum whether made or purchased and would be $270 per bike frame. All of the company's employees-direct and indirect-are paid for full 40.00 hour work weeks and the company has a policy of loying off workers only in major recessions As soon as your analysis was shown to the top management team at TurStutf, several managers got into an argument concerning how direct labor costs should be treated when making this decision. One manager argued that direct labor is always treated as a variable cost in textbooks and in practice and has always been considered a variable cost at TurStuft After all, "tirect" means you can directly trace the cost to products. -If direct labor is not a variable cost, what is?" Another manager argued just as strenuously that direct labor should be considered a fixed cost at TufStuff. No one had been laid off in over a decade, and for all practical purposes. everyone at the plant is on a monthly salary. Everyone classified as direct labor works a regular 40.00 hour workweek and overtime has not been necessary since the compony adopted Lean Production techniques. Whether the welding mochine is used to make drums or frames. the total payroll would be exactly the same. There is enough slack, In the form of idle time, to accommodate any increase in total direct labor time that the bike frames would require. Required: 1. Would you be comfortable relying on the financial data provided by the accounting department for making decisions related to the WVD drums and bike frames? 2. Compute the contribution margin per unit. [assume direct lobor is a foxed cost] 3. Compute the contribution margin per weiding hour. [assume direct labor is a fixed cost) 4. Assuming direct labor is a fixed cost: a. Determine the number of WVD drums (if any) that should be purchased and the number of WV drums and/or bike frames (of amy) that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over curtent operations? 5. Compute the contribution margin per unit. [assume direct labor is a variable cost] 6. Compute the contribution margin per welding hour: [assume direct labor is a variable cost] 7. Assuming direct labor is a variable cost. a. Determine the number of WVD drums (ff any) that should be purchased and the number of WVD drums and/or bike frames (ff any) that should be manufactured b. What is the increase (decrease) in net operating income that would result from this plan over current operations? labor time that the bike trames would require. Required: 1. Would you be comfortable relying on the financial data provided by the accounting department for making decisions related to the WVo drums and blke frames? 2. Compute the contribution margin per unit, [assume direct labor is a fixed cost] 3. Compute the contribution margin per welding hour, (assume direct labor is a fixed cost] 4. Assuming direct labor is a fixed cost: a. Determine the number of WVD drums (ff any) that should be purchased and the number of WVD drums andior bike frames (if any) that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current operations? 5. Compute the contribution margin per unit [assume direct labor is a varioble cost] 6. Compute the contribution margin per weiding hour. [assume direct labor is a variable cost] 7. Assuming direct labor is a variable cost: a. Determine the number of WVD drums (f any) that should be purchased and the number of WVD drums and/or bike frames (f amy) that should be manufactured: b. What is the increase (decrease) in net operating income that would result from this plan over current operations? Complete this question by entering your answers in the tabs below. Would you be comfortable relying on the financial data provided by the accounting department for making decisions reiated to the WVD drums and bike frames? Required: 1. Would you be comfortable relying on the financial data provided by the accounting department for making decisions related to the WVD drums and bike frames? 2. Compute the contribution margin per unit [assume direct labor is a fixed cost] 3. Compute the contribution margin per welding hour. [assume direct labor is a flimed cost] 4. Assuming direct labor is a fixed cost: a. Determine the number of WVD drums (f any) that should be purchased and the number of WVD drums and/or bike frames (if any) that should be manufactured. b. What is the increase (decrease) in net operating income thot would result from this plan over current operations? 5. Compute the contribution margin per unit. [assume direct labor is a variable cost] 6. Compute the contribution margin per welding hour. [assume direct labor is a varlable cost] 7. Assuming direct labor is a variable cost: 7. Determine the number of WVD drums (f any) that should be purchased and the number of WVD drums and/or bike frames (f any) that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current operations? Complete this question by entering your answers in the tabs below. Compute the contribution margin per unit. [assume direct labor is a foxed cost) (Do not round intermediate calculations. Round your answers to 2 decimal places.) Required: 1. Would you be comfortable relying on the financial data provided by the accounting department for making decisions refated to the WVD drums and bike frames? 2. Compute the contribution margin per unit. [assume direct labor is a fixed cost] 3. Compute the contribution margin per welding hour, [assume direct labor is a fixed cost] 4. Assuming direct labor is a fixed cost: a. Determine the number of WVD drums (f any) that should be purchased and the number of WVO drums and/or bike frames (if any) that should be manufactured b. What is the increase (decrease) in net operating income that would result from this plan over current operations? 5. Compute the contribution margin per unit: [assume direct labor is a variable cost] 6. Compute the contribution margin per welding hour. [assume direct labor is a variable cost] 7. Assuming direct labor is a variable cost: a. Determine the number of WVD drums (if any) that should be purchased and the number of WVD drums and/or bike frames (if any) that should be manufactured. b. Whot is the increase (decrease) in net operating income that would result from this plan over current operations? Complete this question by entering your answers in the tabs below. Compute the contribution margin per welding hour. [assume direct labor is a fixed cost) (Round your intermediate calculations and final answers to 2 decimal places.) Required: 1. Would you be comfortable relying on the financial data provided by the accounting department for making decisions reiated to the WV drums and blke frames? 2. Compute the contribution margin per unit. [assume direct labor is a foxed cost] 3. Compute the contribution margin per welding hour. [assume direct labor is a fixed cost) 4. Assuming direct labor is a fixed cost. a. Determine the number of WVD drums (if any) that should be purchased and the number of WVD drums andior bike frames (if amy) that should be manufoctured b. What is the increase (decrease) in net operating income that would result from this plan over current operatons? 5. Compute the contribution margin per unit. [assume direct labor is a variable cost) 6. Compute the contribution margin per weiding hour. [assume direct labor is a variable cost] 7. Assuming direct labor is a variable cost: a. Determine the number of WVD drums (if any) that should be purchased and the number of WVD drums and/or bike frames (if any) that should be manufactured b. What is the increase (decrease) in net operating income that would result from this plan over current operations? Complete this question by entering your answers in the tabs below. Determine the number of WVD drums (if any) that should be purchased and the number of WVD drums andjor bike frames (if any) that should be manufactured. [Assume direct fabor is a fixed cost] Required: 1. Would you be comfortable refying on the financlal data provided by the accounting department for making decisions related to the WVD drums and bike frames? 2. Compute the contribution margin per unit. [assume direct labor is a fived cost] 3. Compute the contribuvon margin per welding hour, (assume direct labocis a fixed cost) 4. Assuming direct labor is a fixed cost a. Determine the number of WVD drums (ff any) that should be purchased and the number of WVD drums and/or bike frames (ff any) that should be manufactured b. What is the increase (decrease) in net operating income that would result from this plan over curreat operations? 5. Compute the contribution margin per unit. [assume direct labor is a variable cost] 6. Compute the contribution margin per welding hour, [assume direct labor is a varlable cost] 7. Assuming direct labor is a variable cost a. Determine the number of WVD drums (ff any) that should be purchased and the number of WVD drums and/or bike frames (if any) that should be manufactured. b. What is the increase (decrease) in net operoting income that would result from this plan over current operations? Complete this question by entering your answers in the tabs below. What is the increase (decrease) in net operating income that would result from this plan over current operations? [Assume direct labor is a fixed cost] (Round your intermediate calculations to 2 decimal places. Round finat answer to the nearest whole doltar value.) Required: 1. Would you be comfortable relying on the financial data provided by the accounting department for making decisions related to the WVD drums and bike frames? 2. Compute the contribution margin per unit (assume direct labor is a flxed cost] 3. Compute the contribution margin per weiding hour, (assume direct labor is a fixed cost) 4. Assuming direct labor is a fixed cost: a. Determine the number of WVD drums (f ary) that should be purchased and the number of WVD drums and/or bike frames (f amy) that should be manufactured b. What is the increase (decrease) in net operating income that would result from this plan over current operations? 5. Compute the contribution margin per unit. [assume direct labor is a variable cost] 6. Compute the contribution margin per weiding hout. [assume direct labor is a variable cost] 7. Assuming direct labor is a variable cost a. Determine the number of WVO drums (if any) that should be purchased and the number of WrD drums andior bike frames (if any) that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current operations? Complete this question by entering your answers in the tabs below. Compute the contribution margin per unit. [assume direct labor is a variable cost] cDo not round intermediate caiculations. Round your anwers to 2 decimal places.) Requlred: 1. Would you be comfortable relying on the financial doto provided by the accounting department for making decisions related fo the WVD diums and blke frames? 2. Compute the contribution margin per unit. [assume direct labor is a foed cost] 3. Cornpute the contribution margin per welding hour. [assume diect labor is a fixed cost! 4. Assuming direct labor is a foxed cost. 7. Determine the number of WVD drums of any) that should be purchased and the number of WVD drums andior blice frames (f amy! that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current oparations? 5. Compute the contribution margin per unit. [assume direct labor is a variable cost] 6. Compute the contribution margin per weiding hout, [assumo direct labor is a variable cost] 7. Assuming direct labor is a variable cost: a. Determine the number of WVD drums (if any) that should be purchased and the number of Wro drums andior buke frames (if any). that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current operations? Complete this question by entering your answers in the tabs below. Compute the contribution margin per welding hour. [assume direct labor is a variable cost] (Round your intermediate calculations and final answers to 2 decimat places.) Required: 1. Would you be comfortable relying on the financial data provifed by the accounting department for making decislons related to the WVD drums and blke frames? 2. Compute the contribution margin per unit. [assume direct labor is a fored cost] 3. Compute the contribution margin per welding hour. (assume direct labor is a fixed cost) 4. Assuming direct labor is a fixed cost a. Determine the number of WVD drums (f any) that should be purchased and the number of WVD drums andior bke fromes (if any) that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current operations? 5. Compute the contribution margin per unit [assume direct labor is a variable cost] 6. Compute the contribution margin per welding hour. [assume direct labor is a variable cost] 7. Assuming direct labor is a variable cost: a. Determine the number of WVD drums (if any) that should be purchased and the number of WVD drums andior bike frames (if any) that should be manufactured b. What is the increase (decrease) in net operating income that would result from this plan over current ogerations? Complete this question by entering your answers in the tabs below. (Assume direct iabor is a variable cost]. Determine the number of Wvo drums (if any) that should be purchased and the number of WVD drums and/for bike frames (if any) that should be manufactured. Required: 1. Would you be comfortable relying on the financial data provided by the accounting department for making decisions related to the WVD drums and bike frames? 2. Compute the contribution margin per unit. [assume direct labor is a fixed cost] 3. Compute the contribution margin per welding hout. (assume direct labor is a fixed cost) 4. Assuming direct labor is a fixed cost: a. Determine the number of WVD drums (if any) that should be purchosed and the number of WVD drums andlor blike frames (if any) that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current operations? 5. Compute the contribution margin per unit. [assume direct labor is a variable cost] 6. Compute the contribution margin per welding hour, (assume direct labor is a variable cost] 7. Assuming direct labor is a variable cost: a. Determine the number of WVD drums (ff any) that should be purchased and the number of WVD drums and/or bike frames (if any) that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current operations? Complete this question by entering your answers in the tabs below. What is the increase (decrease) in net operating income that would result from this plan over current operations? [Assume direct labor is a variable cost) (Do not round intermediate calculations.)