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Accounting Chapter 1 Homework North Divisions Order Units 3000 2400 Total
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Accounting Chapter 1 Homework North Divisions Order Units 3000 2400 Total
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October 5, 2022
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Studen
t Name:
Class:
A B C D
75.00
$
75.00
$
75.00
$
75.00
$
75.00
$
150.0
0
150.0
0
150.00
150.0
0
150.00
45.00
45.00
45.00
45.00
45.00
A
. Only
the differe
ntial production costs c
ould be considere
d as the c
ost basis.
B. The total cost pe
r devi
ce for normal production of 6
0,000 de
vice
s could be us
ed as the
cos
t basis.
C. The total cost pe
r devi
ce for production of 66,0
00 dev
ices,
excluding ma
rketing costs,
could be
used as
the cost basis
.
Supplies
(variable)
IMPERIA
L DEVICES
McGraw-Hill/Irwin
Instructor
Costs
(One Unit = One Dev
ice)
Unit Cost Options
D. The total cost pe
r devi
ce for production of 66,0
00 dev
ices,
including mark
eting costs,
could be
used as
the cost basis
.
Problem 01
-37
Labor (variable)
Materials (variable)
Leav
e cells
blank if cos
ts are not to be inc
luded. Where
neces
sary
, round to the nea
rest cent.
Enter data to compute
the following options:
Per device cost
basis
Administrative (fixed)
Marketing (variable)
Indirect co
sts (fixed)
66,000
60,000
Total
Cost per
Cost Device
4,500,000
$
75
$
20%
State Government cost per unit calculation:
Supplies and o
ther costs that will v
ary
with production
Per unit selling
price expected by
State Government
Amount invoiced for 500 units
522
$
Given P01-37:
Materials
IMPERIAL DEV
ICES
Manufacturing plant capacity
(in uni
ts)
Actual annual produ
ction (in units)
Cost to Produce 60,000 monitors
Production costs:
State Government Contract:
Selling pri
ce percentage above cost
Per unit selling
price expected on contract
Supplies and o
ther costs that will v
ary w
ith production
Indirect costs that will
not vary
with
production
Variable marketing costs
Administrative costs (will not v
ary
with production
)
Student Name:
Class:
A B C
Costs
Unit Cost Options
Production Costs
Instructor
McGraw
-Hill/Irwin
Problem 01-39
T-COM
M
Enter data in the shaded cells to compute the follow
ing options:
A
. Use the full per unit cost for normal production of
2,400 units.
B. Use only differential costs as the cost basis.
C. Use differential costs plus a share of fixed costs, based on actual production
volume (w
ith North’s order) of 3,000 units.
Leave cells blank if costs are not to be included.
3,000
2,400
Total
Cost per
Cost Unit
Total costs
2,880,000
$
1,200
$
600
Selling pri
ce percentage above cost
Siz
e of North’s order (in units)
Given P01-39:
North Division’s Order:
Cost to Produce 2400 units:
T-COM
M
Annual production
planned before North Division
‘s order (units)
South Divi
sion’s annual production capacity
(uni
ts)
Fixed costs (do not vary
with ou
tput)
Other costs varyi
ng with outpu
t
Direct labor
Student Name:
Class:
Status Quo:
A
lternative:
No Express
With Express
Service
Service Difference
(1) (2) (3)
152,000
$
202,000
$
50,000
$
60,000
67,500
7,500
Costs:
Sales revenue
Vehicle lea
ses
Instructor
Problem 01-40
McGraw
-Hill/Irwin
CA
MPUS PA
CKA
GE DELIVERY
Income Statement
Total Costs
Other costs
Rent
Utilities
50,000
$
152,000
$
Total costs
Utilities
Rent
Other costs
60,000
CA
MPUS PA
CKA
GE DELIVERY
Expected annual reven
ue from
new express service
Given P01-40:
A
nnual Income Statement before Expansion
Vehicle lea
ses
Sales revenue
Costs
Total annual cost to lease necessary
vehicles
Percentage increase in rent and othe
r costs
Percentage increase in labor and
utilities
Student Name:
Class:
Without
The Differential
Contract Costs
504,000
$
90,000
$
239,400
85,000
35,280
1,764
Labor
Requirement b: If the contract pays $90,000 should it be accepted?
Other factors would include (1) whe
ther this will
enable the company
to get into
McGraw
-Hill/Irwin
Costs
Sales revenue
B-YOU
Since acceptance of the contract would result i
n an decrease of operating
profits by $1
,426 (=$90,000 pai
d according to the contract -$91,426 in
differential costs), it would seem that the contract should be rejected. Of
Problem 01-42
Equipment lease
before making this decision?
Requirement c: What considerations, other than cost
s, are necessary
Requirement a:
Instructor
Officers
‘ salaries
Supplies
Rent
90,000
$
85,000
$
504,000
$
Officers
‘ salaries
Other costs
Total costs
Equipment lease
Rent
Supplies
239,400
Given P01-42:
B-YOU
Cost of full-time c
onsultant
Revenue from new contract
A
nnual Income Statement
Labor
Sales revenue
Costs
Percentage increase in equi
pment lease
Percentage increase in other costs
Percentage increase in suppli
es