need help with accounting project
D Calibri (Bom. v 12 v A A BI U XX A Aa A RYAv A Styles Paragraph Dictate Task Michelle and Vishaya need to know the cost per cake so they can be sure they are charging enough for each cake. They also need this to calculate the cost of goods sold. They feel that direct labor hour is the best cost driver for allocating manufacturing overhead. The o ther was employees $15.00 per hour. Due to the type of production that they have, they believe job order costing is the best costing system. Here is the estimated data for 2020: R Type of cake Expected Annual sales Selling Price per cake Ingredient cost per Direct Labor Hour per cake 410 $215.00 su 1 ter wedding cake 2 ter wedding cake 3 tier wedding cake 5135.00 $35.00 4 Medium sheet cake $90.00 Total direct materials Total direct labor Total factory overhead Selling Cost Administrative Costs Taal Couts $94.650.00 $19170000 $52.300.00 $170.00 $100,700.00 S65 450.00 and costs Variable were Total Variable costs Total Fed Coats $310.450.00 $155.000.00 S44100 Requirements: 1) Calculate the cost per cake 2 Create a budgeted Traditional income Statement and a Contribution Income Statement words English (United States) Focus 100% Table Window Help word e Et View Insert Format Tools Upload Assignment: Introduct X + . Autosave n 5 0 e . Home Insert Draw Design Layout References Calbet (to. 12 A A A A Billab x * AZA Spring 2020 COBU 202-03 Fi... - Saved to my Maca Mallings Tell me e Share Comme A A Paragraph Styles Dictate Sensitivity Large sheet cake Medium et de Salsheet anke esse Total direct materials Total det ber Total factory overhead assalt 594,650.00 191.000 $52,900.00 $17.500.00 $10.700.00 $495.000 Administrative Cous Total Cos Variable verses Feed Costs Total Variatie Costs Total Fed Costs Requirements: 1) Calculate the cost per cake 2) Create a budgeted Traditional income Statement and a Contribution Income Statement 3) Calculate the breakeven point in dollars 4 Calculate a target profit in dollars for a profit of $100,000 Test2 They believe it will cost them $225,000 to purchase the land near Fort Lee and to build a bakery and storefront. Your task is 1) Calculate the Return on investment if the expected increase in Operating income, due to opening the new location near R. Lee, is $30,000 2) Assuming what was stated in 1), calculate the Asset Turnover Rate and Profit Margin if the Expected sales also increased to $425,000 3) Assuming what is stated in 1) and 2), calculate the Residual income if the required rate of return is 10% Prepare apare paper that includes your recommendations and calculations. Of those 3 pages, 2 pages should be test and 1 page can be graphs and charts. The paper is a professional presentation to Michelle and Vishayla where you will explainin layman's terms how you calculated cost per unit, weakeven, target profit, ROI, and residual income. As far as the recommendations, explain what you would do to with the company or certain aspects 2 words x English (United States) Focus - + 100 Upod Assignment IntroductX Home to Poste AutoSaver Insert Draw Design Callberi (Bo... " 12 BIU X & Layout References A A Aa A X Are A Spring 2020 COBU 202-03 Fir... - Saved to my MacQ Mailings Tell me Share Comme E A I SU Paragraph Styles Dictate Sensitivity TUOVATELECOS Total Fed Costs Total costs SU $155.000.00 SA6 450.00 Requirements: 1) Calculate the cost per cake 2) Create a budgeted Traditional Income Statement and a Contribution Income Statement 3) Calculate the breakeven point in dollars 4) Calculate a target profit in dollars for a profit of $100,000 Task 2 They believe it will cost them $225,000 to purchase the land near Fort Lee and to build a bakery and storefront. Your task is: 1) Calculate the Return on Investment if the expected increase in Operating income, due to opening the new location near Ft. Lee, is $30,000 2) Assuming what was stated in 1), calculate the Asset Turnover Rate and Profit Margin if the Expected Sales also increased to $425,000 3) Assuming what is stated in 1) and 2), calculate the Residual income if the required rate of return is 10%. Prepare a 3 pare paper that includes your recommendations and calculations of those 3 pages, 2 pages should be text and 1 page can be graphs and charts. The paper is a professional presentation to Michelle and Vishayla where you will explain in layman's terms how you calculated cost per unit, breakeven, target profit, ROI, and residual income. As far as the recommendations, explain what you would do to with the company or certain aspects of the company given what you calculate. Your grade will be calculated as follows: Paper Accuracy of calculations Clarity of findings 60% 40% 772 words UK English (United States) Focus 3 D -- + 100%
