Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lawton Corp manfactors computer dans des Petsbory. Poneyvan plant. The company es cyber crite tooting communiter und andering water lated data mante whecy and deta

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Lawton Corp manfactors computer dans des Petsbory. Poneyvan plant. The company es cyber crite tooting communiter und andering water lated data mante whecy and deta Read the Requirement 1. Compute the per-unit manufacturing product cont of Standard deska and Unpainted as Corpul father or ny and yet) Standard Desk United Desk Direct materials Materials handling Mening Paint Total acturing cost Number of us Manutacturing content Requement. Prematuro civis such as designed to the landschande do Sach Secondecod postage don marketing and customer senke The planeturing costs were 120 Standard and Stereo Compro coperto Standard the Desk Choose to store any number the route and then con Lasten Cor manufacturer computet drukes in the pasburgh, Presywania, plant the coreano es una band conding to avocado el mundocung comentare conto del later and many more on Che icon to view the city wens und in data Read the Requirement 2. Premanufacturing activities such as productions were assigned to the Standard reach and the trained as at 3ather we were conducted of potendah ditution, marketing and customer service. The post authoring costs were $20 per tantand und 19 per pared desk Coute productos pedesk Standard Desk Unpainted Desk Full product cost per unit Requirement. Which product costs are reported in the external financials which costs were forcon malah reported in the financial statement Managers for det sidste Fotos hapsed as incurred for the Requirement. What price should to managers set for and was to sam 53 profperde Choose to you and the content $ .. Budgeted Cost of Cost Allocation Activity Activity Allocation Base Rate Materials handling 270.000 Number of parts $ 0.90 Assembling ........ $ 2,600,000 Direct labor hours $ 15.00 Painting $ 170,000 Number of painted desks $ 5.20 Lawton produced two styles of desks in March the Standard desk and Unpainted desk. Data for each follow Total Units Total Direct Total Number Total Assembling Product Produced Materials Costs of Parts Direct Labor Hours Standard desk 6.000 $ 74,700 119.000 5.800 1,500 $ 24.900 29.000 Unpainted desk 700 Print Done 1. Compute the per-unit manufacturing product cost of Standard desks and Unpainted desks. 2. Premanufacturing activities, such as product design, were assigned to the Standard desks at $6 each and to the Unpainted desks at $3 each. Similar analyses were conducted of post-manufacturing activities, such as distribution, marketing, and customer service. The post-manufacturing costs were $20 per Standard and $19 per Unpainted desk Compute the full product costs per desk. 3. Which product costs are reported in the external financial statements? Which costs are used for management decision making? Explain the difference. 4. What price should Lawton's managers set for Standard desks to earn a $39 profit per desk? Requirement 3. Which product costs are reported in the external financial statement? Which costs are used for management decision making Explain the race are reported in the financial statement Managers se for decisions such as pricing and product product the that are expensed as incurred for external reporting How these then we Full product costs Won's managers set for Standard desks to an a $39 profiter desk? Manufacturing product costs Sales priceperat standard desk hotels and then continue to the next cuestion Requirement 3. Which product costs are reported in the external francial statements? Which costs are ned for management de son making Exploma diferenca we reported in the financial statement Managers se th for decisions such as pricing and products Folproductos that are wpened in these con Mil productos Requirement 4. What price should Laston's managers set for Standard desksto sam manufacturing productos Sales price per unit standard disk Requirement 3. Which product costs are reported in the external financial statements? Which costs we used for management de main Explained are reported in the financial statement Managers se con och pricing and products Food wade the that are expenses incurred for reporting However, these cousse nd desksta sama 59 proper de costs of manufacturing and post manufacturing activities direct manufacturing costs only Indirect direct manufacturing costs only manufacturing costs only romaner user und manchesten Requirement 3. Which product costs are reported in the external financial statements? Which conta we vsed for management en making Bence are reported in the financial statement Managers use to decisions such as pricing and productos de cochine that are expensed as incurred for temat reporting How the core Requirement 4. What price should Lawton's managers set for Standard desks to samo 53 proter des de protect or to the contro Sales priceperunt standards Requirement 4. What price should Lawton's managers set for Standard desks to eam a $39 profit per desk? Desired profit Full product cost Manufacturing cost per unit Cry www.ds and then continue to the next question hp

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Securing An IT Organization Through Governance Risk Management And Audit Internal Audit And IT Audit

Authors: Ken E. Sigler, III Rainey

1st Edition

0367658658, 978-0367658656

Students also viewed these Accounting questions

Question

Question 5) Let n = N and Y Answered: 1 week ago

Answered: 1 week ago