Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2) Winter Company is a medium sae manufacturer of snow spots products. There are doce different models in the line. Sunplized data from oue

image text in transcribed

Question 2) Winter Company is a medium sae manufacturer of snow spots products. There are doce different models in the line. Sunplized data from oue of the producing departments are provided below Performance report Dancilerine No3 Artual Plen! Varie Department Oulu-measured in direct machine huus (DMH Achal hours in output 18650 Planned houts in output 19.000 Direct material A 6.300 at 52,13-$13.545 6.000 a $2,00 - $12.000 $1.545 4100 a $10-$11218 Diret labor 4.000 a $300-$20.000 51216 (S12.000-0.50 x 18.000 Manufacturing overtread $23.000 $21.000 $2.000 Overder applied overhead Anal $13.000 Applical ($1.10*x 18.000 DXH) Underapplied MOLL $20.000.000 | DATE DURATION:2 August 2021/60 minutes (9:30-10:30) EXPLANATIONS Please write all sout was in 2 Wed ducument and upload it to Backboud. Det torget to write your name and studenter to this document Submission by e-mail or lateshe will NiThe accepted to please your time wisely VERY DIPORTANT!!! If you do not show your working in questions or if you have answers directly copied and pested from a peer er an internet source, you will receive ZERO points for the whole question and accessary steps to check academic integrity of your answers will be taken. ATTENTION!! There are 2 questions in Ioga Question 1) Summer Manufacturies company has just completed its income statement for the year 2020. | Sales (400.000 units) Manufacturing costs: | Material $1.700.000 Labor 1.630.000 Fixed overlead 2.650.000 Variable orestead 4.USOODU Selling cusis Fixed 3.400.000 1.900.000 Adrive costs Fixed 1.250.000 Variable 350.000 Toalcos 17.400.000 Profit 52.600.000 Required 1 Compare the contribution margin ratio and breakempat ( units and in dollars) (10 points) 2. Using the same data, you want to increase your cales so the next year withou. changing selling price compute the profit of plame ...........nis. In this situation what will be the meyillar safety? Caluba plain beleny (15 points) (You will dele blants, it will be for ou assumption. Please write your own data) 3. Uses the same data gren in the question (income statement for the year 2020) for the next year company is planning en plan totally. Assim Selling price mail screase to S.... and manable cost will increase to $.__.., depending your own answers in this situation what would be the new breakeven point in waits and in dollars) and coulritative margin ratio? (Szles amount and fixed costs are not changes) (30 points) (Fon will fill in the blanks, it will be Four ow assumption. Please write your IPN date 19.800 "Computation of overed rate: $260.000 200.000 DMI-$1.10 DMI Required: Develop a two way variance analysis of direct marerials and direct labor. (20 points) 2. Compute the controllable manufacturing overhead vrisnice and the mucing had volume variance. (10 points) 1. Evaluate the results of your seats and demits the problems for each variance (25 points) 1 Page 1 of 2) words nginteater Lulus D 70T TE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Connect For Financial Accounting Information For Decisions

Authors: Author

10th Edition

1260386937, 9781260386936

More Books

Students also viewed these Accounting questions

Question

Conduct an effective performance feedback session. page 376

Answered: 1 week ago