I need help with a managerial accounting question. All parts pertain to the same question.
The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data: Demand Next Selling year Price Direct Direct Product (units) per Unit Materials Labor Debbie 58.0% $26.00 $5.10 $ 2.10 Trish 50.0% $ 7.56 $1.90 $ 6.78 Sa rah 43 , 000 $41. SB $7 . 64 $ 3 . 90 Mike 43,. 000 $11. an $2 . 80 $ 2 . 70 Sewing kit 333,000 $ 8.80 $4.00 $ 0. 48 The following additional information is available: a: . The company's plant has a capacity of 92,190 direct laborhours per year on a singleshift basis. The company's present employees and equipment can produce all ve products. The direct labor rate of $6 per hour is expected to remain unchanged during the coming year. Fixed manufacturing costs total $600,000 per year. Variable overhead costs are $3 per direct labor-hour. All of the company's nonmanufacturing costs are xed. The company's nished goods inventory is negligible and can be ignored. EDP-PF Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's ve products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's ve products? 3. What is the contribution margin per direct labor-hour for each of the company's ve products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 92,190 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by enterlng your answers In the tabs below. How many direct labor hours are used to manufacture one unit of each of the company's ve products? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Direcnaborhoumpewnn _____ Required 2 > The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data: Demand Next Selling yea r Price Direct Direct Product (units) per Unit Materials Labor Debbie 58.0% $26.00 $5.10 $ 2.10 Trish 50.0% $ 7.56 $1.90 $ 0.78 Sa rah 43 , 000 $41. SB $7 . 64 $ 3 . 90 Mike 48, 000 $11. an $2 . 80 $ 2 . 70 Sewing kit 333,000 $ 8.80 $4.00 $ 0. 48 The following additional information is available: a: . The company's plant has a capacity of 92,190 direct laborhours per year on a singleshift basis. The company's present employees and equipment can produce all ve products. EDP-PF Required: The direct labor rate of $6 per hour is expected to remain unchanged during the coming year. Fixed manufacturing costs total $600,000 per year. Variable overhead costs are $3 per direct labor-hour. All of the company's nonmanufacturing costs are xed. The company's nished goods inventory is negligible and can be ignored. 1. How many direct labor hours are used to manufacture one unit of each of the company's ve products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's ve products? 3. What is the contribution margin per direct labor-hour for each of the company's ve products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 92,190 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by enterlng your answers In the tabs below. - How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? (Do not round intermediate calculations. Round your answers to 2 decimal places.) V....,...,........,..... _____ ( Required1 Required3 > The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data: Demand Next Selling year Price Direct Direct Product (units) per Unit Materials Labor Debbie 58.6% $26.00 $5.10 $ 2.10 Trish 50.0% $ 7.56 $1.90 $ 6.78 Sa rah 43 . $06 $41. SB $7 . 64 $ 3 . 90 Mike 48,. 000 $11. an $2 . 80 $ 2 . 70 Sewing kit 333,660 $ 8.80 $4.00 $ 0. 48 The following additional information is available: a: . The company's plant has a capacity of 92,190 direct laborhours per year on a singleshift basis. The company's present employees and equipment can produce all ve products. The direct labor rate of $6 per hour is expected to remain unchanged during the coming year. Fixed manufacturing costs total $600,000 per year. Variable overhead costs are $3 per direct labor-hour. All of the company's nonmanufacturing costs are xed. The company's nished goods inventory is negligible and can be ignored. EDP-PF Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's ve products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's ve products? 3. What is the contribution margin per direct labor-hour for each of the company's ve products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 92,190 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by enterlng your answers In the tabs below. \"I\" What is the contribution margin per direct labor-hour for each of the company's ve products? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Conbuon Margin per DLH _ _ _ _ _ The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data: Demand Next Selling year Price Direct Direct Product (units) per Unit Materials Labor Debbie 58,666 $26.66 $5.13 $ 2.10 Trish 56,666 $ 7.56 $1.96 $ 6.78 52-: rah 43 , 666 $41. 56 $7 . 64 $ 3 . 90 Mike 48,. 666 $11. 86 $2 . 80 $ 2 . 70 Sewing kit 333,666 $ 8.86 $4.00 $ 6. 48 The following additional information is available: DJ . The company's plant has a capacity of 92,190 direct laborhours per year on a singleshift basis. The company's present employees and equipment can produce all ve products. The direct labor rate of $6 per hour is expected to remain unchanged during the coming year. Fixed manufacturing costs total $600,000 per year. Variable overhead costs are $3 per direct labor-hour. All of the company's nonmanufacturing costs are xed. The company's nished goods inventory is negligible and can be ignored. EDP-PF Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's ve products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's ve products? 3. What is the contribution margin per direct labor-hour for each of the company's ve products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 92,190 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by enterlng your answers In the tabs below. I Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? (Do not round intermediate calculations. Round your nal answer to a whole dollar amount.) The Walton Toy Company manufactures a line of dolls and a sewing kit. Demand for the company's products is increasing, and management requests assistance from you in determining an economical sales and production mix for the coming year. The company has provided the following data: Demand Next Selling year Price Direct Direct Product (units) per Unit Materials Labor Debbie 58,666 $26.66 $5.13 $ 2.10 Trish 56,666 $ 7.56 $1.96 $ 6.78 52-: rah 43 , 666 $41. 56 $7 . 64 $ 3 . 90 Mike 48,. 666 $11. 86 $2 . 80 $ 2 . 70 Sewing kit 333,666 $ 8.86 $4.00 $ 6. 48 The following additional information is available: DJ . The company's plant has a capacity of 92,190 direct laborhours per year on a singleshift basis. The company's present employees and equipment can produce all ve products. The direct labor rate of $6 per hour is expected to remain unchanged during the coming year. Fixed manufacturing costs total $600,000 per year. Variable overhead costs are $3 per direct labor-hour. All of the company's nonmanufacturing costs are xed. The company's nished goods inventory is negligible and can be ignored. EDP-PF Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's ve products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's ve products? 3. What is the contribution margin per direct labor-hour for each of the company's ve products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 92,190 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by enterlng your answers In the tabs below. Assuming that the company has made optimal use of its 92,190 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be willing to pay for additional capacity (that is, for added direct labor time)? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
