UUUUUU Heluill LU LUurse Question 2 Answer saved Marked out of 35.00 P Flag question Cost Formulas Colonial Manufacturing produces a single product requiring the following direct material and direct labor: Cost per Unit of Input Required Amount per Unit of Product Material A $12/ pound 24 ounces Material B $8/pound 8 ounces Material $15 / gallon 0.6 gallon Cutting labor $14/hour 45 minutes Shaping labor $12/ hour 30 minutes Finishing labor $16/ hour 90 minutes Manufacturing overhead consists of indirect materials, $0.40 per unit of product; indirect labor, $900 per month pl per year plus $0.75 per unit of product; factory depreciation, $22,000 per year, and annual factory property taxes, salaries of a sales manager, $45,000 per year, an office manager, $24,000 per year, and two salespersons, each of commission of $3 per unit sold. Advertising and promotion of the product are done through a year-round media pa a. Analyze all cost and expense factors to determine a general formula (based on units of production) for total cost. Round variable cost per unit answers to two decimal places, if applicable. Total Fixed Costs Variable Cost per Unit $ 10.53 $ 0 Material A Material B 4 0 Material C 0 0 0 0 Cutting labor Shaping labor 0 0 0 0 Question 2 Answer saved Marked out of 35.00 P Flag question Cost Formulas Colonial Manufacturing produces a single product requiring the following direct material and direct labor: Cost per Unit of input Required Amount per Unit of Product Material A $12/pound 24 ounces Materials 58/pound 8 ounces Material $15 /gallon To 6 gallon Cutting Labor $14/ hour 45 minutes Shaping labor $12/ hour 30 minutes Finishing labor $16 /hour 90 minutes Hoddns Manufacturing overhead consists of indirect materials, 50.40 per unit of product indirect labor, $900 per month plus $0.80 per unit of product; factory maintenance, $18.000 per year plus $0.75 per unit of product factory depreciation, $22,000 per year; and annual factory property taxes, 512,000. Selling and administrative expenses include the salaries of a sales manager, $45,000 per year, an office manager, 524,000 per year, and two salespersons, each of whom is paid a base salary of 518,000 per year and a commission of $3 per unit sold. Advertising and promotion of the product are done through a year-round media package program costing $1,000 per week. a. Analyze all cost and expense factors to determine a general formula (based on units of production) for total cost. Round variable cost per unit answers to two decimal places, if applicable. Total Fixed Costs Variable Cost per Unit Material A Materials Material Cutting labor Shaping labor Finishing labor Marvutacturing overhead Indirect material Indeect labor 10.535 0 0 0 0 0 0 0 MacBook Pro esc $ & 7 0 9 8 % 5 ! 1 * @ 2 6 4 0 U Y F T R 95 My Subsc INCLUINT LU LUuise Round variable cost per unit answers to two decimal places, if applicable. Total Fixed Costs Variable Cost per Unit Material A $ Material B Material 0 Cutting labor 0 Shaping labor 0 0 Finishing labor 0 Manufacturing ovechead: Indirect material Indirect labor Factory maintenance Factory depreciation Factory property taxes Selling and administration expenses Sales administration salaries Office administration salaries Sales salaries and commissions Advertising and promotion Total component cost 0$ OOOOO OOOOO OOOOO OOOOO b. Assuming a relevant range of 10,000 to 30,000 units, what is the estimated unit cost for producing and selling 12,000 units? 24,000 units? Round answers to two decimal places. Estimated per unit cost for 12,000 units $ 0 Estimated per unit cost for 24,000 units $ 0 MacBook Pro A Return to course Business Course Sales salaries and commissions Advertising and promotion Total component cost 0 0 0 0 0 $ $ 0 b. Assuming a relevant range of 10,000 to 30,000 units, what is the estimated unit cost for producing and selling 12,000 units? 24 Round answers to two decimal places. Estimated per unit cost for 12,000 units $ 0 Estimated per unit cost for 24,000 units $ 0 c. If 28,000 units are produced and sold in a year, what selling price results in a net income before taxes of $75,000? Round answers to two decimal places, if needed. $ 0
