Question
The following totals are used to create a CVP Income Statement for Frederick Company for FY2020: Frederick Company Selected Financial Figures For the Year Ended
The following totals are used to create a CVP Income Statement for Frederick Company for FY2020:
Frederick Company | ||
Selected Financial Figures | ||
For the Year Ended 12/31/20 | ||
Sales (100 units) | $10,000 | |
Variable Costs: | ||
Direct Labor | $1,450 | |
Direct Materials | 1,950 | |
Factory Overhead (variable) | 2,000 | |
Selling Expenses (variable) | 600 | |
Administrative Expenses (variable) | 500 | |
Fixed Costs: | ||
Factory Overhead (fixed) | $1,000 | |
Selling Expenses (fixed) | 1,000 | |
Administrative Expenses (fixed) | 1,000 |
Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories. Use this information to determine theFY 2020 breakeven point in units. Round and enter as a whole number.
Annapolis Company has two service departments (Computer Operations & Maintenance Services). Annapolis has two production departments (Mixing Department & Packaging Department.) Annapolis uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments. All allocations are based on total employees. Computer Operations has costs of $105,000 and MaintenanceServices has costs of $190,000 before any allocations. What amount of Maintenance Services total cost is allocated to the Mixing Department? Round to closest whole number (no cents). Employees are:
Computer Operations 4
Maintenance Services 2
Mixing Department 6
Packaging Department 5
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