sive question Saved Help Save & Exit Su LINE IVINVIVIILY HILVILLALVIL ANNILES LV LIVE YUESLIVIIs UISNIAyEU NEILV.J Check my wo Utease Corporation has several production plants nationwide. A newly opened plant in Dubuque produces and sells one product. The plant is treated, for responsibility accounting purposes, as a profit center. The unit standard costs for a production unit, with overhead applied based on direct labor hours, are as follows. Manufacturing costs (per unit based on expected activity of 27,000 units or 56,700 direct labor hours): Direct materials (3.4 pounds at $20) $ 68.00 Direct labor (2.1 hours at $60) 126.00 Variable overhead (2.1 hours at $20) 42.00 Fixed overhead (2.1 hours at $30) 63.00 Standard cost per unit $ 299. 00 Budgeted selling and administrative costs: Variable $ 8 per unit Fixed $1 , 200 , 000 Expected sales activity: 23,000 units at $450 per unit Desired ending inventories: 16% of sales Assume this is the first year of operations for the Dubuque plant. During the year, the company had the following activity. Units produced 26 , 000 Units sold 24, 500 Unit selling price 445 Direct labor hours worked 54, 100 Direct labor costs $ 3, 300, 100 Direct materials purchased 92, 400 pounds Direct materials costs $ 1, 848, 000 Direct materials used 92, 400 pounds Actual fixed overhead $. 900 , 000 Actual variable overhead $ 1, 034, 000 Actual selling and administrative costs $ 1, 984, 000 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. Prev 1 2 3 ... 8 of 8 Next >Actual variable overhead 900, 000 Actual selling and administrative costs $ 1, 034, 000 $ 1, 984, 000 Part 1 of 8 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. 12.5 points Comprehensive Problem 6 (Algo) Part a Required: Book a. Prepare a production budget for the coming year based on the available standards, expected sales, and desired ending inventories Units Print 0 References Beginning inventory units Budgeted unit sales Cost of goods sold Units budgeted to be available for sale CP Mc 1 2 ... 8 of 8 Next > Graw Prey Hill 390F ~ Type here to search O Eli 4 S 9 w Home End IX D/ II LO F8 F9 F10 F6 F7 F2 F4 F5 F1 F3Part 1 of 8 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods 2.5 points Comprehensive Problem 6 (Algo) Part a Required: eBook a. Prepare a production budget for the coming year based on the available standards, expected sales, and desired Units Print References Add: Beginning inventory units 0 Add: Desired ending inventory of finished goods Less: Beginning inventory units Less: Desired ending inventory of finished goods Mc Graw Prev 2 3 . . . 8 of 8 Next Hill Type here to search O WIn addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of go Comprehensive Problem 6 (Algo) Part a Required: a. Prepare a production budget for the coming year based on the available standards, expected sales, and des Units ces Beginning inventory units Budgeted unit sales Cost of goods sold W Units budgeted to be available for sale . .. of 8my%252F#/activit... lease comprehensive question i Saved Help Save & Exit Submi Direct materials used Check my work Actual fixed overhead 92, 400 pounds Actual variable overhead $ 900 , 000 $ 1, 034, 000 Actual selling and administrative costs $ 1, 984, 000 art 1 of 8 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. 5 ints Comprehensive Problem 6 (Algo) Part a Required: a. Prepare a production budget for the coming year based on the available standards, expected sales, and desired ending inventories. eBook Units Print References Add: Beginning inventory units Add: Desired ending inventory of finished goods Less: Beginning inventory units Less: Desired ending inventory of finished goods 2 8 Next > 1 of 8 Prey 5:2 raw 39 OF ~ 12/1 W be here to search O m Sezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activit... Tease comprehensive question i Saved Help Save & Exit Check my Direct materials used 92, 400 pounds Actual fixed overhead $ 900 , 000 Actual variable overhead $ 1, 034, 000 Actual selling and administrative costs $ 1, 984, 000 rt 1 of 8 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. Comprehensive Problem 6 (Algo) Part a Book Required: a. Prepare a production budget for the coming year based on the available standards, expected sales, and desired ending inventories. Print erences Units Planned production of finished goods Prey 1 2 ... 8 of 8 Next >Comprehensive Problem 6 (Algo) Part b b. Prepare a budgeted responsibility income statement for the Dubuque plant for the coming year. DUBUQUE PLANT Budgeted Income Statement Upcoming Year Ending December 31 Operating expenses: Total operating expenses 4 8 of 8 Next > ... 8 Mc Graw Hillnect.mheducation.com%252 UTease comprehensive question i Saved 5 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. Comprehensive Problem 6 (Algo) Part e Part 5 of 8 e-1. Find the total over- or underapplied (both fixed and variable) overhead. e-2. Would cost of goods sold be a larger or smaller expense item after the adjustment for over- or underapplied overhead 12.5 points Complete this question by entering your answers in the tabs below. eBook Print Req E1 Req E2 References Would cost of goods sold be a larger or smaller expense item after the adjustment for over- or underapplied overhead? Would cost of goods sold be a larger or smaller expense item? Graw Hill IMG_20211212_05....jpg IMG_20211212_05....jpg IMG_20211212_05....jpg IMG_20211212_05....jpg IMG_20211212 w Type here to searchnect.mheducation.com%252 UTease comprehensive question i Saved 5 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. Comprehensive Problem 6 (Algo) Part e Part 5 of 8 e-1. Find the total over- or underapplied (both fixed and variable) overhead. e-2. Would cost of goods sold be a larger or smaller expense item after the adjustment for over- or underapplied overhead 12.5 points Complete this question by entering your answers in the tabs below. eBook Print Req E1 Req E2 References Would cost of goods sold be a larger or smaller expense item after the adjustment for over- or underapplied overhead? Would cost of goods sold be a larger or smaller expense item? Graw Hill IMG_20211212_05....jpg IMG_20211212_05....jpg IMG_20211212_05....jpg IMG_20211212_05....jpg IMG_20211212 w Type here to searchPart 6 of 8 Units sold 24, 500 Unit selling price $ 445 Direct labor hours worked 54, 100 Direct labor costs $ 3, 300, 100 2.5 Direct materials purchased 92, 400 pounds points Direct materials costs $ 1, 848, 000 Direct materials used 92, 400 pounds Actual fixed overhead $ 900, 000 eBook Actual variable overhead $ 1, 034, 000 Actual selling and administrative costs $ 1, 984, 000 Print References In addition, all over- or underapplied overhead and all product cost variances are adjusted to c Comprehensive Problem 6 (Algo) Part f f. Calculate the actual plant operating profit/loss for the year. Operating profit Mc Graw Hill IMG_20211212_05....jpg IMG_20211212_05....jpg 0211212_05....jpg IMG_20211212_05....jpgDirect labor hours worked Ched Direct labor costs 54 , 100 Direct materials purchased $ 3, 300, 100 Direct materials costs 92, 40.0 pounds Direct materials used $ 1, 848, 000 7 of 8 Actual fixed overhead 92, 400 pounds $ 900 , 000 Actual variable overhead $ 1, 034, 000 Actual selling and administrative costs $ 1, 984, 000 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. Book Comprehensive Problem 6 (Algo) Part h Print rences h. Assume Utease Corporation is planning to change its evaluation of business operations in all plants from the profit center format to the investment center format. If the average invested capital at the Dubuque plant is $9,270,000, compute the return on investment (ROI) for the first year of operations. Use the DuPont method of evaluation to compute the return on sales (ROS) and capital turnover (CT) for the plant. (Round your percentage answers to 2 decimal places (i.e., 0.1234 should be considered as 12.34.)) RO % ROS % Capital turnover IMG_20211212_05....jpg IMG_20211212_05....jpg 05 ....jpg IMG_20211212_05....jpg IMG_20211212_05....jpg 39OF W ere to search ODirect labor hours worked Ched Direct labor costs 54 , 100 Direct materials purchased $ 3, 300, 100 Direct materials costs 92, 40.0 pounds Direct materials used $ 1, 848, 000 7 of 8 Actual fixed overhead 92, 400 pounds $ 900 , 000 Actual variable overhead $ 1, 034, 000 Actual selling and administrative costs $ 1, 984, 000 In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. Book Comprehensive Problem 6 (Algo) Part h Print rences h. Assume Utease Corporation is planning to change its evaluation of business operations in all plants from the profit center format to the investment center format. If the average invested capital at the Dubuque plant is $9,270,000, compute the return on investment (ROI) for the first year of operations. Use the DuPont method of evaluation to compute the return on sales (ROS) and capital turnover (CT) for the plant. (Round your percentage answers to 2 decimal places (i.e., 0.1234 should be considered as 12.34.)) RO % ROS % Capital turnover IMG_20211212_05....jpg IMG_20211212_05....jpg 05 ....jpg IMG_20211212_05....jpg IMG_20211212_05....jpg 39OF W ere to search O8 Check Desired ending inventories: 16% of sales Assume this is the first year of operations for the Dubuque plant. During the year, the company had the following activity. Part 8 of 8 Units produced 26 , 000 Units sold 24, 500 Unit selling price $ 445 Direct labor hours worked 54 , 100 12.5 Direct labor costs $ 3, 300, 100 points Direct materials purchased 92, 400 pounds Direct materials costs $ 1, 848, 000 Direct materials used 92, 400 pounds Actual fixed overhead eBook $ 900 , 000 Actual variable overhead $ 1, 034, 000 Actual selling and administrative costs $ 1, 984, 000 Print References In addition, all over- or underapplied overhead and all product cost variances are adjusted to cost of goods sold. Comprehensive Problem 6 (Algo) Part i i. Assume that under the investment center evaluation plan the plant manager will be awarded a bonus based on ROI. If the manager has the opportunity in the coming year to invest in new equipment for $700,000 that will generate incremental earnings of $60,000 per year, would the manager undertake the project? Yes O No Mc Graw IMG_20211212_05...jpg IMG_20211212_05....jpg IMG_20211212_05....jpg G_20211212_05....jpg IMG_20211212_05....jpg 39.F W Type here to search O Fi 4