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Kima Company manufactures and sells two models of a home appliance. The Standard model is a basic appliance with mostly manual features, while the Galaxy
Kima Company manufactures and sells two models of a home appliance. The Standard model is a basic appliance with mostly manual features, while the Galaxy model is highly automated. The appliances are produced to order, and there are no inventories at the end of the year.
ima Company maiula ed te s ls of a home appllance. The Slaidald model is a basic appliance with mostly manual features, while the Galaxy model is highly automated. applianc sells year order, a The cost accounting system at Kima allocates overhead to products based on direct labor cost. Overhead in year 1, which just ended, was $2,956,250. Other data for year 1 for the two products follow: Sta (20 dModel $6.190,000 Model 2 000 unite $2,890,000 490,000 575,000 Sales revenue Direct materials 2,590,000 1,790,000 Direct labor Requ product line profits/loss for the Standard model and the Galaxy model for year 1. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign.) Profit/Loss Standard Galaxy produced or sold. (Negative amoun be n the Galaxy model in year by a minus sign.) to s,945,000. AsSsume all ot was the same for b. A study of overnead shows her revenus and cosis WO Compute product line profitsoss for the Galay ed meaw assuming th year Profits/Loss for Galaxy Model - Year 2Step by Step Solution
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