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The Walton Toy Company manufactures a line of dolls and a sewing kit Dentand for the sompany's products is increasing. and management requests assistance from you in Jetermining an economical sales and production mix for the coming year. The company las provided the following data: The following additional information is availoble: 3. The company's plant has a capacity of 152,800 direct labor-hours per year on a single-shift basis. The company's present employees and equipment can produce atl five products. 3. The difect labor rate of $7 per hour is expected to remain unchanged during the corning year. : Fixed manufacturing costs total $625,000 per year, Variable overhead costs are $3 per direct labor-hour. 1. All of the company's nonmanufacturing costs are fixed. 2. 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 iompany's five products? 2. How much variable overhead cost is incurred to manufacture one unit of each of the sompany's five products? 3. What is the contribution margin per direct labor-hour for each of the company's five roducts? 1. Assuming that direct fabor-hours is the company's constraining resource, what is the Ighest total contribution margin that the company can earn if it makes optimal use of its zonstrained resource? 3. Assuming that the company has made optimal use of its 152,800 direct labor-hours; what is the highest direct labor rate per hour that Walton Toy Company would be willing o pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. How many direct labor hours are used to manufacture one unit of each of the company's five intermediate calculations. Rourd your answers to 2 decimal placer? The company's piant has a capacity of single-shift basis. The company's present employees and equipment can produce ail five products: The direct labor rate of $7 per hour is expected to remain unchanged during the coming year: Fbed manufacturing costs total $625,000 per year. Variable overhead costs are $3 per direct labor-hout: All of the company's nonmanufacturing costs are fixed. The company's finshed goods inventory is negligible and can be ignored. quired: How many direct labor hours are used to manufacture one unit of each of the mpany's five products? How much variable overhead cost is incurred to manufacture one unit of each of the mpany's five products? What is the contribution margin per direct labor-hour for each of the company's five sducts? Assuming that direct labor-hours is the company's constraining resource, what is the thest total contribution margin that the company can earn if it makes optimal use of its nstrained resource? Assuming that the company has made optimal use of its 152,800 direct labor-hours. lat is the highest direct labor rate per hour that Walton Toy Company would be willing pay for additional capacity (that is, for added direct labor time)? Complete this question by entering your answers in the tabs below. How many direct tabor hours are used to manufacture one unit of each of the company's five pre pfermediate calculations. Round your answers to 2 decimal places.) $625,000 per year. Variable overhead costs are $3 facturing costs are fixed. inventory is negligible and can be ignored. e used to manufacture one unit of each of the :ost is incurred to manufacture one unit of each of the iper direct labor-hour for each of the company's five is is the company's constraining resource, what is the that the company can earn if it makes optimal use of its is made optimal use of its 152,800 direct labor-hours. te per hour that Walton Toy Company would be willing t is, for added direct labor time)? itering your answers in the tabs below. used to manufacture one unit of each of the company's five products? (Do not round your answers to 2 decimal places.) b. The direct labor rate of $7 per hour is expected to remain unchanged during the coming year. c. Fixed manufacturing costs total $625,000 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 labot-hour for each of the company's five products? 4. Assuming that direct labor-hours is the company's constraining resource, what is the highest total contribution margin that the company can earn if it makes optimal use of its constrained resource? 5. Assuming that the company has made optimal use of its 152,800 direct labor-hours, what is the highest direct labor rate per hour that Walton Toy Company would 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. How much variable overhead cost is incurred to manufacture one unit of each of the company intermediate calculations. Round your answers to 2 decimal places.) per direct hbornout. All of the compony's nonmandiacturing costs are fixed The company's finished goods inventory is negligible and caa be ignored. squired: How mary difect fabor hours ste used to monufacture one unit of esch of the impany's five products? Haw much variable overhesd cost is incurned to manufacture one unit of eoch of the imparyy's five-products? What is the contribution margin pec direct labor-hour for ench of the company/s five. oducts? Assuming that derect labonhours is the company's constraining cesource, what is the Jhest total contribution margin that the compory can eam if it makes optimal use of its instraincd resource? Assuming that the company has mode optimal use of its 152.800 direct tobor-hours: at is the highest dircet labor rate per hour that Walton Toy Company would be willing pay for additional capscity ohat is, for added direct labor timel? Complete this question by entering your answers in the tabs below. What is the contnbution margin per diroct iabockour for each of the company's fue products? calcistions. Found your inswers to 2 decimal places.) the gunt thy guivet membative prosions? meamplife watucts? gouct:" Tive produch coming year per diect labor towit: d. Al of the company's noneranufactunng cogts me fived e. The compary's Enahed opods inveripry is neglople and can be fonored: Required: compary's five products? 2. How much varlable ovehesd cost is mcursed to monutoch se one unit of eoch of the compory's tive proctucts? 3 Whit is the contrbution margin por direct labor hout for esth of the company/s five products? 4. Assuming that diret hoor hous is the cemgany's constraining resource, what is the. highect folatcontrotion margin thot the cempany can eam it a makes optimal use of its coratrained rusource? 5. Assuming that the conpuny ras made optimal ise of as 152.300 direct labor hours, whot is the highest direct latior rate per hour that Watper Toy Comparty would be wiling to pay for odditional capocisy (What in. for added direct labor timel? Complefe this question by entering yeur answers is the tabs below. hour that Walton Toy compafy would be willing te per. for addichal capecity (that is, for ad The products b The direst laboc fate of 97 per hour is expectad to lentsin unchanged during the coming youc per drect labor hour d. Af of the corppony' nonmanufocturng costs are fouch. Required: 1. How miony direct lobor houss alle ured to manufacture one unit of each of the coinpany's five products? 2. How much varioble overhead cost is incurred to manufacture one unlt of epach of the company's five proclucts? 3. What is the contribution masgin per oirect tabor-hour for each of the company's five. products? 4. Assuming that direct labor bours is the compary's constraining resource, what is the highest total cont ibution maroin that the company con earn if it mokes optimal use of its constrained resource? 5. Assuming that the company has made optimas use of its 152,800 citect labor hours. what is the highest orect lebor rate per hour that Walton Toy Company would be Willing to poy for addional capacity (that is, for adied direct babor timel? Complete this question by entering your answers in the tabs below. Assuming that the company has made pptimal use of its 252,800 direct labor hours, whot is hour that Wation Toy Company would be wising to pay for additional capselty (that is, for ad roufild inticrmediate calculations. Round your answers to 2 decimal places.)