iinect Symbolab Math Solve... Hunework Problems (22 pts) Come-Clean Corporation produces a variety of cleaning compounds and solutions for both Industrial and household use. While most of its products are processed Independently, a few are related, such as the company's Grit 337 and its Sparkle slver polish Grt 337 Is a coarse cleaning powder with many industrial uses. It costs $1.20 a pound to make, and t has a seling price of $1020 pound. A small portion of the annual production of Grt 337 is retained in the factory for further processing. It is combined with several other Ingredients to form a paste that is marketed as Sparkle siliver polish. The silver polish sells for $6.00 per jar This further processing requires one-fourth pound of Grit 337 per jar of silver polish. The addtional direct variable costs Involved in the processing of a jar of slver polish are: ook Ocher ingredienta Dazect 1abor 0.60 1.48 $2.0B Aak Total dsrect eost Overhead costs assoclated with processing the slver polish are Variable manufacturing overhead cost Fsxed sanufacturing overhead eost (per month) production supezvisor Depreciation of mixing equipment 25t of direet labor cost 3,400 $1,500 sor has no duties other than to oversee production of the sliver polish. The miking equipment is special- ent acquired specifically to produce the silver polish, It can produce up to 9.000 jars of polish per month. Iis value is negligible and It does not wear out through use onth. Variable selling costs associated with the silver polish are 5% of sales. production is advisable. The Advertising costs for the silver polish total $3,600 per m Due to a recent decine in the demand for silver polish, the company is wondering whether its continued sales manager feels that it would be more profitable to sell all of the Grit 337 as a cleaning powder Required: cleaning powder? (Round your answer to 2 declmel places.) selling It as a cleaning powder? (Round your Intermediate ceiculatlons and finel answer to 2 decimal places.) revenue does the company earn per jar of polish by further processing Grit 337 rather than seling It os a emental contribution margin does the company earn per jar of polsh by further processing Grt 337 rather than jars of polish, what is the financial advantage (disodvantoge) of choosing to further process Grit 337 cial advantage (disadvantage) of choosing to further process Gnt 337 3. How many jars of siver polish must be sold each month to exacty offset the avoidable fixed costs incurred to produce and sell the polish? (Round your Intermedlate ceiculetions to 2 decimal places.) rather than selling is as a cleaning powder? (Enter any "disadventages" os a negative value. Round your Intermediate calculatilons to 2 decimal places.) rather than seling i5 as a cleaning powder? (Enter any '"aisadvantages" as a negetive value. Round your Intermediate calculations to 2 declmal places.) Saved (Prepared from a situation suggested by Professor John W. Hardy) Lone Star Meat Packers is a major processor of beef and other meat products. The company has a large amount of T-bone steak on hand, and it is trying to decide whether to sell the T-bone steaks as they are initially cut or to process them further into filet mignon and the New York cut. If the T-bone steaks are sold as intially cut, the company figures that a 1-pound T -bone steak would yield the following proft Selling price ($2.40 per pound) Less joint costs incurred up to the split-off point where $2.40 T-bone steak can be identified as a separate produet1.55 $0.85 ok Profit per pound If the company were to further process the T-bone steaks, then cutting one side of a T-bone steak provides the filet mignon and cutting the other side provides the New York cut. One 16-ounce T-bone steak cut in this way will yield one 6-ounce filet mignon and one 8-ounce New York cut, the remalning ounces are waste. It costs $015 to further process one T-bone steak Into the filet mignon and New York cuts. The filet mignon can be sold for $4.40 per pound, and the New York cut can be sold for $3.90 per pound. nt Required: nces 1. What is the financial advantage (disadvantage) of further processing one T-bone steak into filet mignon and New York cut steaks? 2. Would you recommend that the T-bone steaks be sold as initially cut or processed further? Complete this question by entering your answers in the tabs below Required 1 Required 2 What is the financial advantage (disadvantage) of further processing one T-bone steak into filet mignon and New York cut steaks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) per unit Required 2 > The Walton Toy Compan management requests assis has provided the following data: y manufactures a line of dolls and a sewing kit Demand for the company's products is increasing, and tance from you in determining an economical sales and production mix for the coming year. The company Next vear Price per Direct Direct units) Unit 59,000 $30.00 51,0007.00 44,000 $42.00 Debbie Trish Sarah Mike s 2.10 s 0.70 s 4.20 7.002.00 $7-79 $2.90 s4.10 Seving kit334,000 112.90 12.20 $2.80 The following additional information is avalable: a. The company's plant has a capacity of 76,800 direct labor-hours per year on a single-shit basis. The companys present employees 334,000 8.90 0.35 and equipment can produce all five products. b. The direct labor rate or $7 per hour is expected to remain unchanged during the coming year Fixed manufacturing costs total $610,000 per year Variable overhead costs are $4 per direct labor-hour d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored Required: 1. How many direct labor hours are used to manufacture one unit of each of the company's five products? 2. How 3. What is the contribution margin per direct labor-hour for each of the company's five products? much varlable overhead cost is incurred to manufacture one unilt of each of the company's five products? that direct labor-hours Is the company's constralning 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 optmal use of its 76,800 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would be wiling to pay for additional capacity (that Is, for added direct labor timel? Complete this question by entering your answers in the tabs below Required 1 Required 2Required 3 Required 4 Required 5 How many direct labor hours are used to manufacture one unit of each of the company's five products? (Do nat ro intermediate calculations. Round your answers to 2 decimal places.) Mike Direct isbor hours per unit