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please answer, thanks. #5 CI The following data is available for Crater Corporation's North American division for the years 2018 and 2019. During these years
please answer, thanks. #5
CI The following data is available for Crater Corporation's North American division for the years 2018 and 2019. During these years there were no inventories in the system. 2019 58,000 13,700 $25 , , 2018 62,800 12,800 $26,448,888 Production quantity Number of customers Revenues Expenses Direct materials & components Direct production wages (1) Production supervisory salaries Salaries paid to sales representatives (2) Advertising Insurance (3) Building rent (4) Other salaries (5) Honorarium to the members of the board Production quality control (6) Market research Depreciation (7) Facilities management (8) Legal Personnel department Utilities-production (9) Utilities-other (10) Customer Service (11) $ 3,227,000 1,469,600 278,480 645,000 689,700 122,870 267,640 1,178, eee 439, 280 133, 350 348, 360 1,330,300 886,830 691, eee 198,3ee 861,6ee 369,340 921, eee $ 3,560,200 1,612,200 247,188 666,600 582,800 117,880 265,800 1,250,000 439,200 138,570 305, 328 1,172,500 748,000 623,600 196,000 771,700 310,5ee 928,200 $14,048,690 $13,936, 090 Note: 1. Paid on the basis of production quantity 2. Ten representatives a $27,000 per person +1.5% of sales revenue 3. Manufacturing -70%; remaining - general liability 4. Manufacturina - 65%. Marketing - 20%: remaining for Administration Note: 1. Pald on the basis of production quantity 2. Ten representatives a $27,000 per person +1.5% of sales revenue 3. Manufacturing 70% remaining general liability 4. Manufacturing - 65% Marketing -20% remaining for Administration 5. Manufacturing - 50% Marketing 20%, remaining for Administration 6. Fixed - 40% 7. Manufacturing -65% Sales & Marketing 20%, remaining for Administration (all straight line) 8. Factory maintenance -40% General maintenance -60% 9 Variable -40% 10. Equally divided between Sales & Marketing and Administration, variable -45% 11. Fixed - 20% Required: 1. Classify the expense items by behaviour (based on the number of units produced sold) and by function (manufacturing sales/marketing and administration Write the amount for each item using 2019 data. Behaviour Variable Fixed Function Manufacturing Sales Marketing Administration Direct materiais & components Direct production wagon Production supervisory Salades Salaries paid to sales representatives Advertising Insurance Building rent Other salanes Honorum to the members of the Board Required: 1. Classify the expense items by behaviour (based on the number of units produced/sold) and by function (manufacturing, sales/marketing, and administratior). Write the amount for each item using 2019 data. Behaviour Variable Fixed Function Manufacturing Sales Marketing Administration Direct materials & components Direct production wages Production supervisory salaries Salaries paid to sales representatives Advertising Insurance Building rent Other salaries Honorarium to the members of the Board Production quality control Market research Depreciation Facilities management Legal Personnel department Utilities - production Utilities - other Customer service 0 $ 0 0 $ S 0 S 0 $ 0 $ S 2-o. What were the total amounts for product costs and period costs during 2018 2014 Product cost Perod cost 2.b. Classify the product costs as direct or indirect Direct indirect Direct Product costs Direct materials & components Direct production wages Production supervisory salanes Insurance Building rent Osher sans Production quality control Depreciation Faoltes management Utilities production indirect Andredt Andirect indirect indirect Andet indrect Indirect 3-a. Prepare an income statement in good form for the year 2019, CRATER CORPORATION - NORTH AMERICAN DIVISION INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2019 Less: Cost of goods sold 0 $ 0 Less: Selling & administrative expenses $ 3-b. Compute the gross margin per unit for the year (Round your answer to 2 decimal places.) Step by Step Solution
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