ook The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year: Demand Next Selling Price 66,000 Product year (units) Debbie Trish Sarah Mike Sewing kit per Unit $ 37.00 Direct Materials $ 4,30 Direct Labor $ 3.50 58,000 51,000 $5.00 $ 35.50 $1.20 $ 0.84 $8.84 $ 5.60 37,000 341,000 $ 15.00 $ 3.60 $ 4.20 $ 9.60 $4.80 $ 0.49 The following additional information is available: a. The company's plant has a capacity of 115,730 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. b. Next year's direct labor pay rate will be $7 per hour. c. Fixed manufacturing costs total $545,000 per year. Variable overhead costs are $3 per direct labor-hour rences d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor-hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming direct labor-hours is the company's constraining resource, what is the highest total contribution margin the company can earn next year if it makes optimal use of its constrained resource? 5. Assuming next year the company makes optimal use of its 115,730 direct labor-hours, what is the highest direct labor rate per hour Walton Toy Company should be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. h Required 1 Required 2 Required 3 Required 4 Required 5 How many direct labor-hours are used to manufacture one unit of each of the company's five products? Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Direct labor hours per unit Debbie Trish Requir Sarah Mike Sewing Kit Required 2 > ok ences The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year Demand Next Selling Price per Unit Product year (units) Direct Materials Direct Labor Debbie Trish 66,000 58,000 $ 37.00 $ 4.30 $ 3.50 $5.00 $ 1.20 $ 0.84 Sarah 51,000 $ 35.50 $8.84 $ 5.60 Mike Sewing kit 37,000 341,000 $ 15.00 $ 3.60 $ 4.20 $ 9.60 $4.80 $ 0.49 The following additional information is available: a. The company's plant has a capacity of 115,730 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. b. Next year's direct labor pay rate will be $7 per hour. c. Fixed manufacturing costs total $545,000 per year. Variable overhead costs are $3 per direct labor-hour. d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor-hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming direct labor-hours is the company's constraining resource, what is the highest total contribution margin the company can earn next year if it makes optimal use of its constrained resource? 5. Assuming next year the company makes optimal use of its 115,730 direct labor-hours, what is the highest direct labor rate per hour Walton Toy Company should be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Debbie Variable overhead cost per unit Trish Sarah Mike Sewing Kit The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year: Demand Next Selling Price Product year (units) per Unit oints Debbie Trish 66,000 $37.00 Direct Materials $ 4.30 Direct Labor $ 3.50 58,000 $5.00 $ 1.20 $ 0,84 Sarah 51,000 $ 35.50 $ 8.84 $ 5.60 Mike 37,000 $ 15.00 $ 3.60 $ 4.20 Sewing kit 341,000 $ 9.60 $ 4.80 $ 0.491 eBook The following additional information is available: Print References a. The company's plant has a capacity of 115.730 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. b. Next year's direct labor pay rate will be $7 per hour. c. Fixed manufacturing costs total $545,000 per year Variable overhead costs are $3 per direct labor-hour d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor-hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming direct labor-hours is the company's constraining resource, what is the highest total contribution margin the company can earn next year if it makes optimal use of its constrained resource? 5. Assuming next year the company makes optimal use of its 115,730 direct labor-hours, what is the highest direct labor rate per hour Walton Toy Company should be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 3 Required 4 Required 5 What is the contribution margin per direct labor hour for each of the company's five products? Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Contribution Margin per DLH Debbie Trish Sarah Mike Sewing Kit The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year. Demand Next Selling Price 66,000 per Unit Product year (units) Debbie Trish $ 37.00 Direct Materials $ 4.30 Direct Labor $ 3.50 58,000 $5.00 $ 1.20 $ 0.84 Sarah 51,000 $ 35.50 $ 8.84 $ 5.60 Mike Sewing kit 37,000 341,000 $ 15.00 $ 3.60 $ 9.60 $4.80 $ 4.20 $ 0.49 The following additional information is available: a. The company's plant has a capacity of 115,730 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. b. Next year's direct labor pay rate will be $7 per hour. c. Fixed manufacturing costs total $545,000 per year. Variable overhead costs are $3 per direct labor-hour d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor-hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming direct labor-hours is the company's constraining resource, what is the highest total contribution margin the company can earn next year if it makes optimal use of its constrained resource? 5. Assuming next year the company makes optimal use of its 115,730 direct labor-hours, what is the highest direct labor rate per hour Walton Toy Company should be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Assuming direct labor-hours is the company's constraining resource, what is the highest total contribution margin the company can earn next year if it makes optimal use of its constrained resource? Note: Do not round intermediate calculations. Round your final answer to a whole dollar amount. Highest total contribution margin Book rint rences The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year. Demand Next Selling Price per Unit Product: year (units) Direct Materials Direct Labor Debbie Trish 66,000 58,000 $ 37.00 $ 4.30 $ 3.50 $5.00 $ 1.20 $ 0.84 Sarah 51,000 $ 35.50 $ 8.84 $5.60 Mike Sewing kit 37,000 341,000 $ 15.00 $ 3.60 $ 4.20 $ 9.60 $ 4.80 $ 0.49 The following additional information is available: a. The company's plant has a capacity of 115,730 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. b. Next year's direct labor pay rate will be $7 per hour. c. Fixed manufacturing costs total $545,000 per year. Variable overhead costs are $3 per direct labor-hour. d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor-hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five products? 4. Assuming direct labor-hours is the company's constraining resource, what is the highest total contribution margin the company can earn next year if it makes optimal use of its constrained resource? 5. Assuming next year the company makes optimal use of its 115,730 direct labor-hours, what is the highest direct labor rate per hour Walton Toy Company should be willing to pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Assuming next year the company makes optimal use of its 115,730 direct labor-hours, what is the highest direct labor rate per hour Walton Toy Company should be willing to pay for additional capacity (that is, for added direct labor time)? Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Highest direct labor rate per hour 4 < Required 4