1. The following totals are used to make a CVP Income Statement for Frederick Company for FY2018:

Frederick Company

Selected Financial Figures

For the Year Ended 12/31/18

Sales (100 units) $10,000

Variable Costs:

Direct Labor $2,000

Direct Materials 1,400

Factory Overhead (variable) 2,000

Selling Expenses (variable) 600

Administrative Expenses (variable) 500

Fixed Costs:

Factory Overhead (fixed) $650

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 determineFY 2018 Contribution Margin Percentage.Enter percentage to one decimal place. (example enter 35.5% as 35.5)

2) 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 $155,000 andMaintenanceServices has costs of $165,000 before any allocations.What amount of Maintenance Services total cost is allocated to the Mixing Department?(round to closest whole dollar) Employees are:

Computer Operations4

Maintenance Services2

Mixing Department4

Packaging Department8

3) Adelphi Company provides the following information for their first year of operations in 2018:

Sales, 10,000 units @ $19 each

Total production, 11,000 units

Production costs per unit:

Direct materials$4.00

Direct labor$3.00

Variable overhead$2.00

Fixed manufacturing overhead$7,000

Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold. (Round & enter final answer to the nearest whole dollar)

4)

Bowie Sporting Goods manufactures sleeping bags.The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

Direct material of 6.00 yards at $6.00 per yard

Direct labor of 2.00 hours at $17.00 per hour

Overhead applied per sleeping bag at $20.00

In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.90 per yard.The labor used was 11,700 hours at an average rate of $17.50 per hour.The actual overhead spending was $96,200.

Determine the total materials variance and round to the nearest whole dollar.Enter a favorable variance as a negative number.Enter an unfavorable variance as a positive number.