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I have no idea where to start on my cost accounting homework 3. For 2023 , the selling price per lamp will be $45.00. The

I have no idea where to start on my cost accounting homework

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3. For 2023 , the selling price per lamp will be $45.00. The desired operating income in 2023 is $276,500. What would sales in units have to be in 2023 to reach the profit goal? 4. For 2023 , the selling price per lamp will be $45.00. The company would like to have an operating income equal to 26% of sales. If that is to be achieved, what would be the sales in units in 2023 ? 5. For 2023, if the company believes that it could only sell 25,000 lamps, what would the new selling price have to be so that the new contribution margin per unit is equal to last year's contribution margin per unit? 6. For 2023 , the selling price per lamp will be $45.00. How many units must be sold to generate a net income (after tax) of $264,000 assuming the tax rate of 40% ? {5.07} (Round up to zero places xxx,xxx units) 7. For 2023 , if the company believes that the demand will be 27,500 units for the year. What selling price per lamp, rounded to two places, would generate an operating income of $824,500 ? Statement of Cost of Goods Sold For the Year Fnded neromher 31 (Round to seven places, % is two of those places xx.xxx% ) 2. For 2023 , the selling price per lamp will be $45.00. How many lamps must be sold to breakeven? Cost of Direct Material incurred in manufacturing Job 2407 (Round to six places $XX.XXXXXX ) {6.01} Cost of Direct Labor incurred in manufacturing Job 2407 (Round to six places $XX.XXXXXXX ) {6.02 Cost of Manufacturing Overhead applied to Job 2407 (Round to six places $XX.XXXXXX ) {6.0 Cost of manufacturing one lamp (Round to six places $XX.XXXXXX ) {6 PART 4 (INDEPENDENT OF PARTS 1 - 3) Brown-Accountants Company creates, produces, and sells an online based CPA review courses for individual use. Zoe Banks, head of human resources, is convinced that question development employees must have strong analytical and problem-solving skills. She asked Christopher Willams, controller for Brown-Accountants Company, to help develop problems for use in screening applicants before they are interviewed. One of the problems Christopher developed is based on the following data for a mythical company for the previous year: A. Conversion cost was $240,000 and was three times the prime costs. B. Direct materials used in production equaled $45,000. C. Cost of goods manufactured was $295,000. D. Ending work in process is 20 percent of the cost of beginning work in process. E. The ending direct materials is 2 times the beginning for direct materials. F. Cost of goods sold was 80 percent of cost of goods manufactured. G. Beginning finished goods inventory was $14,400. H. Supervision and indirect labor is 4 times material handling costs. 1. Supplies are $37,000, which is 40 percent of the costs of utilities. J. Freight-in on materials is $1000. Statement of Cost of Goods Manufactured For the Year Ended December 31 Betty's Design Schedule of Projected Costs Variable Manufacturing Unit Cost Figurines Electrical Sets Lamp Shade Labor Variable Overhead Projected Variable Manufacturing Cost Per Unit Total Variable Cost Per Unit Variable Selling Variable Administrative Projected Variable Manufacturing Cost Per Unit Projected Total Variable Per Unit Schedule of Fixed costs Fixed Overhead (normal capacity lamps@ Fixed Selling Fixed Administrative Projected Total Fixed Costs \begin{tabular}{|c|c|c|c|c|} \hline 2022 Cost & \begin{tabular}{l} Projected \\ Percent \\ Increase \end{tabular} & & \begin{tabular}{c} 2023 Cost \\ Rounded to \\ 7 Decimal Places \end{tabular} & Ref \# \\ \hline & & % & & {4.01} \\ \hline & & % & & {4,02} \\ \hline & & % & & {4.03} \\ \hline & & % & & {4.04} \\ \hline & & % & & {4.05} \\ \hline & & & & {4.06} \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multirow[t]{4}{*}{2022 Cost } & \begin{tabular}{l} Projected \\ Percent \\ Increase \end{tabular} & & \begin{tabular}{c} 2023 Cost \\ Rounded to \\ 7 Decimal Places \end{tabular} & \multirow{4}{*}{\begin{tabular}{l} {4.07} \\ {4.08} \\ {4.06} \end{tabular}} \\ \hline & & % & & \\ \hline & & % & & \\ \hline & & % & & \\ \hline & & & & {4.09} \\ \hline \end{tabular} Projected Percent Increase 2023 Cost Ref \# Rounded to 7 Decimal Places 2022 cost {4.10} PART 1 Fixed and Variable Cost Determinations Unit Cost Calculations The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manaufacture one lamp are: Expected increases for 2023: When calculating projected increases round to SEVEN decimals places, $0.0000000. 1. Material Costs are expected to increase by 3.50%. 2. Labor Costs are expected to increase by 3.00%. 3. Variable Overhead is expected to increase by 5.00%. 4. Fixed Overhead is expected to Increase to $255,000. 5. Fixed Administrative expenses are expected to Increase to $46,000. 6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 5.5%. 7. Fixed selling expenses are expected to be $31,000 in 2023. 8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 3.0%. On the following schedule develop the following figures: 1. 2023 Projected Variable Manufacturing Unit Cost of a lamp. 2. 2023 Projected Variable Unit Cost per lamp. 3. 2023 Projected Fixed Costs. Betty's Design Projected Balance Sheet As of December 31, 2022 Current Assets Cash Accounts Receivable Inventory Raw Material Figurines Electrical Sets Work in Process Finished Goods Total Current Assets 500@$9.20 500@$1.25 0 3000@$28.93 $34,710.0067,500.00 Fixed Assets Equipment Accumulated Depreciation Total Fixed Assets Total Assets Current Liabilities Accounts Payable Total Liabilities $207,425.0013,200.00 Stockholders' Equity \begin{tabular}{ll} $ & 54,000.00 \\ $ & 54,000.00 \end{tabular} Common Stock Retained Earnings Total Stockholders t Equity 12,000.00141,425.00 Total Liabilities and Stockholders' Equity $207,425.00153,425.00

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