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Merry Mitten Maltsters Inc. is in the business of converting Michigan grown wheat and barley and processing it into malt for use in microbreweries across
Merry Mitten Maltsters Inc. is in the business of converting Michigan grown wheat and barley and processing it into malt for use in microbreweries across the Midwest. The following financial, production, and selling information has been provided for 2016. It is assumed that everything Merry Mitten produces is sold. Tons of Production 4,994 tons Direct Materials $246 per ton Direct Labor $44 per ton Variable Manufacturing Overhead $16 per ton Fixed Manufacturing Overhead $2,640,123 per year Variable S & A Costs $11 per ton Fixed S & A Costs $697,379 per year Selling Price $989 per ton On the basis of full absorption costing, what is the per ton product cost of for the Merry Mitten Maltsters for 2016? Include two decimal places in your answer. Merry Mitten Maltsters Inc. is in the business of converting Michigan grown wheat and barley and processing it into malt for use in microbreweries across the Midwest. The following financial, production, and selling information has been provided for 2016. It is assumed that everything Merry Mitten produces is sold. Tons of Production 4,830 tons Direct Materials $206 per ton Direct Labor $48 per ton Variable Manufacturing Overhead $20 per ton Fixed Manufacturing Overhead $2,628,734 per year Variable S & A Costs $17 per ton Fixed S & A Costs $687.690 per year Selling Price $963 per ton On the basis of variable costing, what is the per ton contribution margin of for the Merry Mitten Maltsters for 2016? Your answer should be to the whole dollar Merry Mitten Maltsters Inc. is in the business of converting Michigan grown wheat and barley and processing it into malt for use in microbreweries across the Midwest. The following financial, production, and selling information has been provided for 2016. It is assumed that everything Merry Mitten produces is sold. Tons of Production 4,605 tons Direct Materials $214 per ton Direct Labor $37 per ton Variable Manufacturing Overhead $12 per ton Fixed Manufacturing Overhead $2,617,725 per year Variable S & A Costs $10 per ton Fixed S & A Costs $540,650 per year Selling Price $994 per ton What is the Gross Profit of for the Merry Mitten Maltsters for 2016? Your answer should be to the whole dollar
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