{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T14:08:34-04:00", "answer_date": "2024-05-26 14:08:34", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1743459", "url": "\/study-help\/questions\/miller-toy-company-manufactures-a-plastic-swimming-pool-at-its-1743459", "question_creation_date_js": "2024-05-26T14:08:34-04:00", "question_creation_date": "May 26, 2024 02:08 PM", "meta_title": "[Solved] Miller Toy Company manufactures a plastic | SolutionInn", "meta_description": "Answer of - Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problem | SolutionInn", "meta_keywords": "miller,toy,company,manufactures,plastic,swimming,pool,westwood,plant,experiencing,problems,shown", "question_title_h1": " Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution", "question_title": " Miller Toy Company manufactures a plastic swimming pool at its Westwood", "question_title_for_js_snippet": "Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant The plant has been experiencing problems as shown by its June contribution format income statement below Sales (5,000 pools) Flexible Budget $272,000 Actual $272,000 Variable expenses Variable cost of goods sold 84,250 99,765 Variable selling expenses 23,000 23,000 Total variable expenses 107,250 122,765 Contribution margin 164,750 149,235 64,000 64,000 09,000 89,000 153,000 153,000 $11,7501 $ (3,765) Fixed expenses Manufacturing overhead) Selling and administrative Total fixed expenses Net operating income (loss) Contains direct materials, direct labor, and variable manufacturing overhead Janet Dunn, who has just been appointed general manager of the Westwood Plant, has been given instructions to get things under control Upon reviewing the plant's income statement, Ms Dunn has concluded that the major problem lies in the variable cost of goods sold She has been provided with the following standard cost per swimming pool Standard Quantity or Hours 3 9 pounds Standard Price or Rate Standard Cont $ 9 75 Direct materials $ 2 50 per pound Direct labor 0 8 hours $8 00 per hour Variable manufacturing overhead 0 2 hours $ 3 50 per hour 6 40 0 70 Total standard cost per unit $ 16 85 Pared on machine hours", "question_description": "\"image\"image\"image", "transcribed_text": "Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been experiencing problems as shown by its June contribution format income statement below: Sales (5,000 pools) Flexible Budget $272,000 Actual $272,000 Variable expenses Variable cost of goods sold. 84,250 99,765 Variable selling expenses 23,000 23,000 Total variable expenses 107,250 122,765 Contribution margin 164,750 149,235 64,000 64,000 09,000 89,000 153,000 153,000 $11,7501 $ (3,765) Fixed expenses: Manufacturing overhead) Selling and administrative Total fixed expenses Net operating income (loss) \"Contains direct materials, direct labor, and variable manufacturing overhead. Janet Dunn, who has just been appointed general manager of the Westwood Plant, has been given instructions to \"get things under control.\" Upon reviewing the plant's income statement, Ms. Dunn has concluded that the major problem lies in the variable cost of goods sold. She has been provided with the following standard cost per swimming pool: Standard Quantity or Hours 3.9 pounds Standard Price or Rate Standard Cont $ 9.75 Direct materials $ 2.50 per pound Direct labor 0.8 hours $8.00 per hour Variable manufacturing overhead. 0.2 hours $ 3.50 per hour 6.40 0.70. Total standard cost per unit $ 16.85 Pared on machine.hours", "related_book": { "title": "Financial Accounting", "isbn": "78111021, 978-0078111020", "edition": "7th Edition", "authors": "LibbyShort", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/72.jpg", "uri": "\/textbooks\/financial-accounting-7th-edition-72", "see_more_uri": "" }, "free_related_book": { "isbn": "1884995683", "uri": "\/textbooks\/the-writers-guide-to-psychology-how-to-write-accurately-about-psychological-disorders-clinical-treatment-and-human-behavior-1st-edition-9781884995682-115479", "name": "The Writers Guide To Psychology How To Write Accurately About Psychological Disorders Clinical Treatment And Human Behavior", "edition": "1st Edition" }, "question_posted": "2024-05-26 14:08:34", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/describe-jarir-bookstore-by-providing-the-followings-a-brief-657472", "description": "describe Jarir bookstore by providing the followings: - A brief introduction regarding the history of this brand and its main activity? - Describe how and why the brand's activity has evolved through...", "stars": 0 }, { "url": "\/refer-to-the-auditing-in-practice-feature-pcaob-fines-ernst", "description": "Refer to the Auditing in Practice feature, \"PCAOB Fines Ernst & Young for an Issue Involving Accounting Estimates.\" a. 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