Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1-3 Martin Incorporated provided the following information regarding its only product: Click the icon to view the data) Assuming there is excess capacity, what would

Q1-3 image text in transcribed
image text in transcribed
image text in transcribed
Martin Incorporated provided the following information regarding its only product: Click the icon to view the data) Assuming there is excess capacity, what would be the effect on operating income of accepting a special order for 5,000 units at a sale price of 342 per product? (NOTE: Assume regular sales are not affected by the special order. Round any intermediary calculations to the nearest cent.) Data Table O A Increase by $320,200 O B. Decrease by 19.800 OC. Increase by $210.000 OD. Increase by 100.000 Sule price per unit Direct materials used Direct labor incurred Variable manufacturing overhead Variable seating and administrative expenses Fixed manufacturing overhead Find selling and administrative expenses Units produced and sold Assume no beginning inventory $50.00 $162.000 $189,000 $125.000 $75,000 65.000 $12.000 25.000 Print Done Jean's Fitness Club provides monthly memberships as well as personal training sessions. The personal trainers can 50% of the revenue for all personal training sessions. The Free Club also solls nutrition products. Jean's general ledger accounts indicate the following for the year. The front desk staff wages expense remains the same throughout the year. Account Amount Account Amount Membership revenue $140,000 Personal trainer wages expense 7 Personal training revenue 577.000 Space rental expense $11,000 Product sales $67.000 Straight Ine depreciation expense $8,000 Cost of product sold $40,000 Rental insurance expense $3,000 Front desk staff wages expense $14,000 If a contribution margin income statement is prepared for the year, what is the amount of total revenue? O A $217,000 OB. $324,000 OC. $284,000 OD $140,000 Estimated direct labor hours The following information was gathered for the Wesley Corporation for the most recent year. Manufacturing overhead is allocated using direct labor hours. 40,600 Actual direct labor hours 51,000 Estimated manufacturing overhead costs $840,200 Actual manufacturing overhead costs $985,900 What amount of manufacturing overhead would be allocated for the year? (Round intermediary calculations to the nearest cent and the final answer to the nearest dollar.) O A $1,238,280 OB. $1,055,190 OC. $985,900 OD. $840,200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions