# NEED IN 3 HOURS FROM NOW!

Oct 25th, 2013
SoccerBoss
Category:
Price: \$30 USD

Question description

1. (TCO 1) George Corporation has an estimated monthly sales of 12,000 units for \$80 per unit. Variable costs include manufacturing costs of \$50 and distribution costs of \$20. Fixed costs are \$60,000 per month.

Required:
Determine each of the following values.
a. Unit contribution margin
b. Monthly break-even unit sales volume

Create a contribution margin-based income statement. (Points : 30)

2. (TCO 7) Darling Manufacturing Inc. manufactures two products, A and B, from a joint process. A single production costs \$5,000 and results in 200 units of A and 800 units of B. To be ready for sale, both products must be processed further, incurring seperable costs of \$3 per unit for A and \$4 per unit for B. The market price for Product A is \$15 and for Product B is \$10.

Required: Allocate joint production costs to each product using the net realizable value method. (Points : 30)

3.(TCO 6) Santa Inc. manufactures toys based on the following information.

 Standard costs
 Materials (4 ounces at \$4) \$16 Direct labor (1 hour per unit) \$7 Variable overhead (based on direct labor hours) \$3.50
 Actual results and costs
 Materials purchased
 Units 10,000 Cost \$38,500
 Materials used in production
 Finished product units 2,200 Raw material (ounces) 9,500 Direct labor hours 2,200 Direct labor cost \$18,000 Variable overhead costs \$8,400 Fixed overhead costs \$16,200
 Required:
 Compute the following variances (show calculations).
 a. Materials usage variance b. Labor rate variance -c. Fixed overhead budget variance
(Points : 30)

(Top Tutor) Daniel C.
(997)
School: Boston College

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Oct 28th, 2013
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