Requirements 1. Complute a production costreport for the Cutting Department and the Sewing Depatment. What is the cost of one basic shirt? 2. Determine the total cost and the average cost per shirt for jobs 367 . 368. 369 , and 370 if the company set the sales price at 160% of e total cost, determine the total sales price of each fot 3. In addition to the custom jobs, the Raleigh Shit Company sold 1,850 basic shirts (assume the beginting balance in Finished Goods lnventory is suficient to make these sales, and the unit cost of the basic shirts in Finished Goods inventory is the same as the unit cost incurted this month) If the company set the ales price at 125% of the cost. determine the sales pilice per unit, total sales revenue, total cost of goods sold, and total gross profit for the basic shirs 4. Calculate the total revenue, total cost of goods sold, and total gress profit for all sales, basic and custom 5. Assune the company sold only basic shits (no custors designs) and incurred foed costs of 5600 per month a. Calculate the contubution margin per unt contitudibe margh ratio: requied sales in units to break even. and requied sales in dollars to break eren ivis rur air 3ans, vd ye eng cusvert 5. Assume the company sold only basic shits (no custom designs) and Basic shirts are plain shirts without any screen printing on them. Custom shirts are incurred fored costs of $600 per month. created using tho basic shirts and then adding a custom screen printing design a. Calculate the contribution margin per unit, contribution margin ratio. required sales in units to break even, and required sales in dellers to The company buys cloth in various colors and then makes the basic shirts in two break even departments, Cutting and Sewing. The company uses a process costing system b. Determine the margin of satety in units and dollars (weighted-average method) to determine the production cost of the basic shirts: In the Cutting Gepartment, direct materials (cloth) are added at the beginning of the c. Graph Raleigh Shirt Company's CVP ralationships. Show the process and conversion costs are added evenly through the process. In the breakeven point, the sales revenue line, the foced cost line, the sotal Sewing Department, no drect materials are addpd. The only additional material, cost line, the operating loss area, and the operafing income aroa thresd, is considered an indiect matorial because it cannot be easily traced to the d. Suppose the Raleigh Shin Company wants to eam an operating finlshed product Conversion costs are added evenly throughout the process in the income of 51,800 per manth Compute the required sales in units Sewing Dopartinent. The finished baslc shirts are sold to retail stores or are sent to and dollars to achieve this profit goat the Custom Design Department for custom screen printing 6. The Raleigh Shirt Company is considering adding od new product line, a cloth shopping bag with custom screen printing that will be sold to The Custom Design Department creates custom shirts by adding screen printing to grocery stores. H the current market price of cloth shopping bags is the bask shit. The dopartinent creafes a design based on the customer's request 5075 and the compary desires a net profit of 20%, what is the target and then prints the design using up to four colors Because these shits have the cost? The conpany estmates the full product cost of the cloth begs wit custom printing added which is unque for each order. the additional cost incurred be $0.40. Shocld the conyany manufacture the clath bsgs? Why or why not? is depetmined ute Data table Data table The Aaleigh Shit Company makes too tipes of I-shitin basc and curkom. For the same sme period the Raleigh Shirt Company coeripiled the following data for the Custom Design Departnent. For Manch 7024. the Rakigh shit Comparte comigled mie folbowing data for the Calting and Sewirg? Departriest (Clok the icon te vine the Custam Design data]) (Clak dee icon to viei in the Cuting dala ) Rowd tha isotioctisenth (Click the icoun 10 vow ths Stwing idata) The Raleigh Shirt Company makes two types of T-shirts basic and custom (3) (Cick the icon to vew the additional information.) For the same time period, the Raleigh Shirt Company compled the following dati for the Custom Design Department For March 2024, the Raleigh Shirt Company compiled the following data for the Cutting and Sewing Departments (Cick the icon to view the Custorn Design data) (Clck the icen to view the Cuting data ) Read the fogiliements (Click the icon to view the Sewing data) The Raleigh Shirt Company makes two types of T-shirts: basic and custom (1) (Click the icon to vlow the additional informiation) For the same time period, the Raleigh Shirt Company compiled the following data lor the Custom Design Department For March 2024, the Raleigh Shirt Company compiled the following data for the Cutting (Click the icon to view the Custom Design data) and Sewing Departments (Click the ioon to viow the Cunting data.) Read the teaukemanen (Click the icon to viow the Stewing data) Requirements 1. Complute a production costreport for the Cutting Department and the Sewing Depatment. What is the cost of one basic shirt? 2. Determine the total cost and the average cost per shirt for jobs 367 . 368. 369 , and 370 if the company set the sales price at 160% of e total cost, determine the total sales price of each fot 3. In addition to the custom jobs, the Raleigh Shit Company sold 1,850 basic shirts (assume the beginting balance in Finished Goods lnventory is suficient to make these sales, and the unit cost of the basic shirts in Finished Goods inventory is the same as the unit cost incurted this month) If the company set the ales price at 125% of the cost. determine the sales pilice per unit, total sales revenue, total cost of goods sold, and total gross profit for the basic shirs 4. Calculate the total revenue, total cost of goods sold, and total gress profit for all sales, basic and custom 5. Assune the company sold only basic shits (no custors designs) and incurred foed costs of 5600 per month a. Calculate the contubution margin per unt contitudibe margh ratio: requied sales in units to break even. and requied sales in dollars to break eren ivis rur air 3ans, vd ye eng cusvert 5. Assume the company sold only basic shits (no custom designs) and Basic shirts are plain shirts without any screen printing on them. Custom shirts are incurred fored costs of $600 per month. created using tho basic shirts and then adding a custom screen printing design a. Calculate the contribution margin per unit, contribution margin ratio. required sales in units to break even, and required sales in dellers to The company buys cloth in various colors and then makes the basic shirts in two break even departments, Cutting and Sewing. The company uses a process costing system b. Determine the margin of satety in units and dollars (weighted-average method) to determine the production cost of the basic shirts: In the Cutting Gepartment, direct materials (cloth) are added at the beginning of the c. Graph Raleigh Shirt Company's CVP ralationships. Show the process and conversion costs are added evenly through the process. In the breakeven point, the sales revenue line, the foced cost line, the sotal Sewing Department, no drect materials are addpd. The only additional material, cost line, the operating loss area, and the operafing income aroa thresd, is considered an indiect matorial because it cannot be easily traced to the d. Suppose the Raleigh Shin Company wants to eam an operating finlshed product Conversion costs are added evenly throughout the process in the income of 51,800 per manth Compute the required sales in units Sewing Dopartinent. The finished baslc shirts are sold to retail stores or are sent to and dollars to achieve this profit goat the Custom Design Department for custom screen printing 6. The Raleigh Shirt Company is considering adding od new product line, a cloth shopping bag with custom screen printing that will be sold to The Custom Design Department creates custom shirts by adding screen printing to grocery stores. H the current market price of cloth shopping bags is the bask shit. The dopartinent creafes a design based on the customer's request 5075 and the compary desires a net profit of 20%, what is the target and then prints the design using up to four colors Because these shits have the cost? The conpany estmates the full product cost of the cloth begs wit custom printing added which is unque for each order. the additional cost incurred be $0.40. Shocld the conyany manufacture the clath bsgs? Why or why not? is depetmined ute Data table Data table The Aaleigh Shit Company makes too tipes of I-shitin basc and curkom. For the same sme period the Raleigh Shirt Company coeripiled the following data for the Custom Design Departnent. For Manch 7024. the Rakigh shit Comparte comigled mie folbowing data for the Calting and Sewirg? Departriest (Clok the icon te vine the Custam Design data]) (Clak dee icon to viei in the Cuting dala ) Rowd tha isotioctisenth (Click the icoun 10 vow ths Stwing idata) The Raleigh Shirt Company makes two types of T-shirts basic and custom (3) (Cick the icon to vew the additional information.) For the same time period, the Raleigh Shirt Company compled the following dati for the Custom Design Department For March 2024, the Raleigh Shirt Company compiled the following data for the Cutting and Sewing Departments (Cick the icon to view the Custorn Design data) (Clck the icen to view the Cuting data ) Read the fogiliements (Click the icon to view the Sewing data) The Raleigh Shirt Company makes two types of T-shirts: basic and custom (1) (Click the icon to vlow the additional informiation) For the same time period, the Raleigh Shirt Company compiled the following data lor the Custom Design Department For March 2024, the Raleigh Shirt Company compiled the following data for the Cutting (Click the icon to view the Custom Design data) and Sewing Departments (Click the ioon to viow the Cunting data.) Read the teaukemanen (Click the icon to viow the Stewing data)