i need to know what do i multiply the average cost per shirt by

The New Orleans Shirt Company makes two types of The basic and custom For the same time period, the New Orleans Short Company compiled the following data for the Custom Design Click the icon to view the additional information ) For March 2018, the New Orleans Shirt Company compiled the following data for the Cutting and Sewing Depart Click the icon to view the Cutting data) Click the icon to view the Sewing data) Begin by determining the total cost of each oder in the westha follow the aver cost per shit the below found to best amounts to the nearest whole dollar and all per amount to the ne c ent Complex Job (Custom Shirts) Total cost of basic shirts Design costs 500 5 r d The New Orleans Shirt Company has wo indre des could h that creating e charge More info . Amount Units 100 hits Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance 3.960 2520 1300 shits Baskets are plan shirts without any screen printing on the Custom shirts are Created using the basic shirts and then adding a custom screen printing design The company buys doth in various colors and then makes the basic shirts in two departments Cutting and Sewing. The company uses a process costing system weighted average method) to determine the production cost of the basic shirts. In the Cutting Department direct materials (cloth) are added at the beginning of the process and conversion costs are added evenly through the process. In the Sewing Department no direct materials are added The only additional material thread is considered an indirect material because it cannot be easily traced to the finished product Conversion costs are added evenly throughout the process in the Sewing Department. The finished basic shirts are sold to retail stores or are sent to the Custom Design Department for custom screen printing Data Table Amount Units $ 1.250 250 shirts The Custom Design Department creates custom shirts by adding screen printing to the basic shirt The department creates a design based on the customer's request and then prints the design using up to four colors Because these shirts have the custom printing added which is unique for each order the adonal cost incurred is determined using job order costing with each custom order considered a separate Sewing Department Beginning balance transferred in 5900. conversion costs $350 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished Goods Ending balance 99 777 1500 shirts Print Done i Requirements 1. Complete a production cost report for the Cutting Department and the Sewing Department. What is the cost of one basic shirt? 2. Determine the total cost and the average cost per shirt for jobs 367, 368, 369, and 370. If the company set the sales price at 180% of the total cost, determine the total sales price of each job. In addition to the custom jobs, the New Orleans Shirt Company sold 1,500 basic shirts (assume the beginning balance in Finished Goods Inventory is sufficient to make these sales, and the unit cost of the basic shirts in Finished Goods Inventory is the same as the unit cost incurred this month). If the company set the sales price at 140% of the cost, determine the sales price per unit, total sales revenue, total cost of goods sold, and total gross profit for the basic shirts. Calculate the total revenue, total cost of goods sold, and total gross profit for all sales, basic and custom. 5. Assume the company sold only basic shirts (no custom designs) and incurred fixed costs of $1,000 per month. a. Calculate the contribution margin per unit, contribution margin ratio, required sales in units to break even, and required sales in dollars to break even b. Datorming the macain of enfot in unite and dollare i Requirements . , , all sales, basic and custom. 5. Assume the company sold only basic shirts (no custom designs) and incurred fixed costs of $1,000 per month. a. Calculate the contribution margin per unit, contribution margin ratio, required sales in units to break even, and required sales in dollars to break even b. Determine the margin of safety in units and dollars. c. Graph New Orleans Shirt Company's CVP relationships. Show the breakeven point, the sales revenue line, the fixed cost line, the total cost line, the operating loss area, and the operating income area d. Suppose the New Orleans Shirt Company wants to earn an operating income of $1,000 per month. Compute the required sales in units and dollars to achieve this profit goal 6. The New Orleans Shirt Company is considering adding a new product line, a cloth shopping bag with custom screen printing that will be sold to grocery stores. If the current market price of cloth shopping bags is $1.88 and the company desires a net profit of 60%, what is the target cost? The company estimates the full product cost of the cloth bags will be $0.95. Should the company manufacture the cloth bags? Why or why not? i More Info Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and then adding a custom screen printing design. The company buys cloth in various colors and then makes the basic shirts in two departments, Cutting and Sewing. The company uses a process costing system (weighted-average method) to determine the production cost of the basic shirts. In the Cutting Department, direct materials (cloth) are added at the beginning of the process and conversion costs are added evenly through the process. In the Sewing Department, no direct materials are added. The only additional material, thread, is considered an indirect material because it cannot be easily traced to the finished product. Conversion costs are added evenly throughout the process in the Sewing Department. The finished basic shirts are sold to retail stores or are sent to the Custom Design Department for custom screen printing The Custom Design Department creates custom shirts by adding screen printing to the basic shirt. The department creates a design based on the customer's request and then prints the design using up to four colors. Because these shirts have the custom printing added, which is unique for each order, the additional cost incurred is determined using job order costing, with each custom order considered a separate job. i Data Table s Shit sign Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance Amount Units $ 0 O shirts 1,800 shirts 3.960 2,520 702 1.800 shirts 0 0 shirts feven pro b i Data Table Amount Units $ 1.250 250 shirts Sewing Department Beginning balance, transferred in, $900; conversion costs, S350 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished 222 eck An 2443 Goods 1.500 shirts Ending balance, 90% complete x sig Data Table Job Status Quantity 100 Design Fee Yes 367 368 300 No Printing 4 colors 3 colors 2 colors 5 colors Complete Complete Complete Complete 369 Yes 200 400 370 Yes The New Orleans Shirt Company has previously determined that creating and programming the design cost $90 per design. This is a one-time charge. If a customer places another order with the same design, the customer is not charged a second time. Additionally, the cost to print is $0.80 per color per shirt. Company makes two types of the bank and custom For the same time period, the New Orleans Shirt Company compiled the following data for the Customer (Click the icon to view the additional information) Department For March 2018, the New Orleans Short Company compiled the following data for the Cuting and Sewing Click the icon to view the Custom Design data) Departments (Click the icon to view the Cutting data) (Click the icon to view the Sewing data) Begin by determining the total cost of each order is the steps that follow. calculate the average cost per shat the price pershirt and the sales revenue from each onder When ring amounts into the table below. Found all total amounts to the nearest whole dollar andalunk o n the nearest Bent C a liput En for any zor balances) Job (Custom Shits) Total cost of basic shat Design costs ng costs Total cost of the order Average cost per shit les price per shit The New Orleans Shirt Company makes two types of T-shirts: basic and custom. A (Click the icon to view the additional information.) For March 2018, the New Orleans Shirt Company compiled the following data for the Cut Departments E: (Click the icon to view the Cutting data.) E: (Click the icon to view the Sewing data) Begin by determining the total cost of each order (job). In the steps that follow, calculate below, round all total cost amounts to the nearest whole dollar and all per unit (shirt) ame 367 369 368 1,500 $ Job (Custom Shirts) Total cost of basic shirts Design costs Printing costs Total cost of the order 500 $ 90 0 320 720 2.220 $ 910 69 || Average cost per shirt 9.10 $ 7.40 $ Sales price per shirt basic and custom. For the same time period, the New Department Click the icon to view the Custo he following data for the Cutting and Sewing Read the requirements. steps that follow, calculate the average cost per shirt, the sales price per shirt, and the total and all per unit (shirt) amounts to the nearest cent. Complete all input fields. Enter a "0" fo 368 370 Total 1,500 $ 369 1,000 $ 90 2,000 90 720 320 1,600 2.220 $ 1,410 $ 3.690 $ 8.230 7.40 $ 7.05 $ 9.23 For the same time period, the New Orleans Shirt Company compiled the following data for the Custom Design Department (Click the icon to view the Custom Design data.) Read the requirements the sales price per shirt, and the total sales revenue from each order. (When entering amounts into the table omplete all input fields. Enter a "0" for any zero balances.) Total 5 8.230 The New Orleans Shirt Company makes two types of The basic and custom For the same time period, the New Orleans Short Company compiled the following data for the Custom Design Click the icon to view the additional information ) For March 2018, the New Orleans Shirt Company compiled the following data for the Cutting and Sewing Depart Click the icon to view the Cutting data) Click the icon to view the Sewing data) Begin by determining the total cost of each oder in the westha follow the aver cost per shit the below found to best amounts to the nearest whole dollar and all per amount to the ne c ent Complex Job (Custom Shirts) Total cost of basic shirts Design costs 500 5 r d The New Orleans Shirt Company has wo indre des could h that creating e charge More info . Amount Units 100 hits Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance 3.960 2520 1300 shits Baskets are plan shirts without any screen printing on the Custom shirts are Created using the basic shirts and then adding a custom screen printing design The company buys doth in various colors and then makes the basic shirts in two departments Cutting and Sewing. The company uses a process costing system weighted average method) to determine the production cost of the basic shirts. In the Cutting Department direct materials (cloth) are added at the beginning of the process and conversion costs are added evenly through the process. In the Sewing Department no direct materials are added The only additional material thread is considered an indirect material because it cannot be easily traced to the finished product Conversion costs are added evenly throughout the process in the Sewing Department. The finished basic shirts are sold to retail stores or are sent to the Custom Design Department for custom screen printing Data Table Amount Units $ 1.250 250 shirts The Custom Design Department creates custom shirts by adding screen printing to the basic shirt The department creates a design based on the customer's request and then prints the design using up to four colors Because these shirts have the custom printing added which is unique for each order the adonal cost incurred is determined using job order costing with each custom order considered a separate Sewing Department Beginning balance transferred in 5900. conversion costs $350 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished Goods Ending balance 99 777 1500 shirts Print Done i Requirements 1. Complete a production cost report for the Cutting Department and the Sewing Department. What is the cost of one basic shirt? 2. Determine the total cost and the average cost per shirt for jobs 367, 368, 369, and 370. If the company set the sales price at 180% of the total cost, determine the total sales price of each job. In addition to the custom jobs, the New Orleans Shirt Company sold 1,500 basic shirts (assume the beginning balance in Finished Goods Inventory is sufficient to make these sales, and the unit cost of the basic shirts in Finished Goods Inventory is the same as the unit cost incurred this month). If the company set the sales price at 140% of the cost, determine the sales price per unit, total sales revenue, total cost of goods sold, and total gross profit for the basic shirts. Calculate the total revenue, total cost of goods sold, and total gross profit for all sales, basic and custom. 5. Assume the company sold only basic shirts (no custom designs) and incurred fixed costs of $1,000 per month. a. Calculate the contribution margin per unit, contribution margin ratio, required sales in units to break even, and required sales in dollars to break even b. Datorming the macain of enfot in unite and dollare i Requirements . , , all sales, basic and custom. 5. Assume the company sold only basic shirts (no custom designs) and incurred fixed costs of $1,000 per month. a. Calculate the contribution margin per unit, contribution margin ratio, required sales in units to break even, and required sales in dollars to break even b. Determine the margin of safety in units and dollars. c. Graph New Orleans Shirt Company's CVP relationships. Show the breakeven point, the sales revenue line, the fixed cost line, the total cost line, the operating loss area, and the operating income area d. Suppose the New Orleans Shirt Company wants to earn an operating income of $1,000 per month. Compute the required sales in units and dollars to achieve this profit goal 6. The New Orleans Shirt Company is considering adding a new product line, a cloth shopping bag with custom screen printing that will be sold to grocery stores. If the current market price of cloth shopping bags is $1.88 and the company desires a net profit of 60%, what is the target cost? The company estimates the full product cost of the cloth bags will be $0.95. Should the company manufacture the cloth bags? Why or why not? i More Info Basic shirts are plain shirts without any screen printing on them. Custom shirts are created using the basic shirts and then adding a custom screen printing design. The company buys cloth in various colors and then makes the basic shirts in two departments, Cutting and Sewing. The company uses a process costing system (weighted-average method) to determine the production cost of the basic shirts. In the Cutting Department, direct materials (cloth) are added at the beginning of the process and conversion costs are added evenly through the process. In the Sewing Department, no direct materials are added. The only additional material, thread, is considered an indirect material because it cannot be easily traced to the finished product. Conversion costs are added evenly throughout the process in the Sewing Department. The finished basic shirts are sold to retail stores or are sent to the Custom Design Department for custom screen printing The Custom Design Department creates custom shirts by adding screen printing to the basic shirt. The department creates a design based on the customer's request and then prints the design using up to four colors. Because these shirts have the custom printing added, which is unique for each order, the additional cost incurred is determined using job order costing, with each custom order considered a separate job. i Data Table s Shit sign Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance Amount Units $ 0 O shirts 1,800 shirts 3.960 2,520 702 1.800 shirts 0 0 shirts feven pro b i Data Table Amount Units $ 1.250 250 shirts Sewing Department Beginning balance, transferred in, $900; conversion costs, S350 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished 222 eck An 2443 Goods 1.500 shirts Ending balance, 90% complete x sig Data Table Job Status Quantity 100 Design Fee Yes 367 368 300 No Printing 4 colors 3 colors 2 colors 5 colors Complete Complete Complete Complete 369 Yes 200 400 370 Yes The New Orleans Shirt Company has previously determined that creating and programming the design cost $90 per design. This is a one-time charge. If a customer places another order with the same design, the customer is not charged a second time. Additionally, the cost to print is $0.80 per color per shirt. Company makes two types of the bank and custom For the same time period, the New Orleans Shirt Company compiled the following data for the Customer (Click the icon to view the additional information) Department For March 2018, the New Orleans Short Company compiled the following data for the Cuting and Sewing Click the icon to view the Custom Design data) Departments (Click the icon to view the Cutting data) (Click the icon to view the Sewing data) Begin by determining the total cost of each order is the steps that follow. calculate the average cost per shat the price pershirt and the sales revenue from each onder When ring amounts into the table below. Found all total amounts to the nearest whole dollar andalunk o n the nearest Bent C a liput En for any zor balances) Job (Custom Shits) Total cost of basic shat Design costs ng costs Total cost of the order Average cost per shit les price per shit The New Orleans Shirt Company makes two types of T-shirts: basic and custom. A (Click the icon to view the additional information.) For March 2018, the New Orleans Shirt Company compiled the following data for the Cut Departments E: (Click the icon to view the Cutting data.) E: (Click the icon to view the Sewing data) Begin by determining the total cost of each order (job). In the steps that follow, calculate below, round all total cost amounts to the nearest whole dollar and all per unit (shirt) ame 367 369 368 1,500 $ Job (Custom Shirts) Total cost of basic shirts Design costs Printing costs Total cost of the order 500 $ 90 0 320 720 2.220 $ 910 69 || Average cost per shirt 9.10 $ 7.40 $ Sales price per shirt basic and custom. For the same time period, the New Department Click the icon to view the Custo he following data for the Cutting and Sewing Read the requirements. steps that follow, calculate the average cost per shirt, the sales price per shirt, and the total and all per unit (shirt) amounts to the nearest cent. Complete all input fields. Enter a "0" fo 368 370 Total 1,500 $ 369 1,000 $ 90 2,000 90 720 320 1,600 2.220 $ 1,410 $ 3.690 $ 8.230 7.40 $ 7.05 $ 9.23 For the same time period, the New Orleans Shirt Company compiled the following data for the Custom Design Department (Click the icon to view the Custom Design data.) Read the requirements the sales price per shirt, and the total sales revenue from each order. (When entering amounts into the table omplete all input fields. Enter a "0" for any zero balances.) Total 5 8.230