Question
Please show steps for the following questions: 1) The East Company manufactures several different products. Unit costs associated with Product ORD105 are as follows: Direct
Please show steps for the following questions:
1) The East Company manufactures several different products. Unit costs associated with Product ORD105 are as follows:
Direct materials $54 | $ 54$54 | |
Direct manufacturing labor 8 | 88 | |
Variable manufacturing overhead 11 | 1111 | |
Fixed manufacturing overhead 25 | 2525 | |
Sales commissions (2% of sales) 5 | 55 | |
Administrative salaries 12 | 1212 | |
Total 115 | $ 115$115 |
What is the percentage of the total fixed costs per unit associated with Product ORD105 with respect to total cost?
a. 32%
b. 26%
c. 37%
d. 15%
2) Pederson Company reported the following:
Manufacturing costs $315,000 | $ 315 comma 000$315,000 | |||
Units manufactured 7,000 | 7 comma 0007,000 | |||
Units sold 6,300 units sold for $115 per unit | 6 comma 3006,300 | units sold for $ 115$115 per unit | ||
Beginning inventory 1,750 units | 1 comma 7501,750 | units |
What is the manufacturing cost for the ending finished goods inventory?
a. $31,500
b. $25,200
c. $577,500
d. $110,250
3)The following information pertains to Expert System Corporation:
Beginning workinprocess inventory $15,000 | $ 15 comma 000$15,000 | |
Ending workinprocess inventory 24,000 | 24 comma 00024,000 | |
Beginning finished goods inventory 38,000 | 38 comma 00038,000 | |
Ending finished goods inventory 30,000 | 30 comma 00030,000 | |
Cost of goods manufactured 250,000 | 250 comma 000250,000 | |
Sales 304,000 | 304 comma 000304,000 |
What is the gross profit margin earned by the company?
a. $46,000
b. $55,000
c. $62,000
d. $63,000
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