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In: Accounting
Wilkerson Case Prepare a table ( per unit and in total) showing sales, direct labor expenses,...
Wilkerson Case
Prepare a table ( per unit and in total) showing sales, direct labor expenses, material expenses, machine expenses overhead, setup labor overhead, receiving/ production control overhead, engineering overhead, packaging/ ship overhead, margin, and margin % for valves, pumps, flow controllers, unused capacity (difference between capacity units and actual driver unit usage x driver rate figured at capacity levels), and in total using driver rates based on capacity usage levels (machine hours, production runs, engineering hours and shipments.)
The data can be found in the Wilkerson Case and in exhibits 1-4 of the Wilkerson Case
Are you not able to google case? exhibits? I do not know how to attach a document to the questions?
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Wilkerson Case Prepare a table ( per unit and in total) showing sales, direct labor expenses,...
Wilkerson Case
Prepare a table ( per unit and in total) showing sales, direct
labor expenses, material expenses, machine expenses overhead, setup
labor overhead, receiving/ production control overhead, engineering
overhead, packaging/ ship overhead, margin, and margin % for
valves, pumps, flow controllers, unused capacity (difference
between capacity units and actual driver unit usage x driver rate
figured at capacity levels), and in total using driver rates based
on capacity usage levels (machine hours, production runs,
engineering hours and shipments.)
Wilkerson...
4).Sales is $100 per unit; direct material is $25 per unit; direct labor is $15 per...
4).Sales is $100 per unit; direct material is $25 per unit;
direct labor is $15 per unit, overhead is $10 per unit and $20,000
per month; selling and administrative expenses are $5 per unit and
$10,000 per month. The company produced 900 units. Gross
margin equals:
a).$25,000 b).$40,500 c).$90,000 d).$10,500
5).Sales is $100 per unit; direct material is $25 per unit;
direct labor is $15 per unit, overhead is $10 per unit and $20,000
per month; selling and administrative expenses...
The current sales of a company are 5000 units at $65 per unit. Total variable expenses...
The current sales of a company are 5000 units at $65 per unit.
Total variable expenses and fixed expenses are $200,000 and
$104,800 respectively. If sales unit increase by 4% and fixed
expenses remain unchanged, estimate the percentage change in net
operating income.
a. 80.16%
b. 24.75%
c. 25%
d. 4%
12. The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour....
12.
The per-unit standards for direct labor are 1.5 direct labor
hours at $15 per hour. If in producing 3400 units, the actual
direct labor cost was $69750 for 4500 direct labor hours worked,
the total direct labor variance is
$2250 unfavorable.
$6750 unfavorable.
$6750 favorable.
$3400 unfavorable.
13. A company purchases 10000 pounds of materials. The materials
price variance is $7000 favorable. What is the difference between
the standard and actual price paid for the materials?
$1.43
$0.70
$7.00...
Wilkerson Case Prepare a table comparing the driver rates when calculated using actual usage levels and...
Wilkerson Case
Prepare a table comparing the driver rates when calculated using
actual usage levels and capacity levels
The standards for product G78V specify 6.1 direct labor-hours per unit at $14.10 per direct labor-hour....
The standards for product G78V specify 6.1 direct labor-hours
per unit at $14.10 per direct labor-hour. Last month 1,800 units of
product G78V were produced using 11,030 direct labor-hours at a
total direct labor wage cost of $146,220.
Required:
a. What was the labor rate variance for the month?
b. What was the labor efficiency variance for the month?
(Indicate the effect of each variance by selecting "F"
for favorable, "U" for unfavorable, and "None" for no effect (i.e.,
zero...
Testing Inc. had the following amounts: Direct materials $8 per unit Direct Labor $15 per unit...
Testing Inc. had the following amounts:
Direct materials $8 per unit
Direct Labor $15 per unit
Variable overhead $5 per unit
Fixed overhead $90,000
Variable selling expenses $3 per unit
Fixed selling and admin. expenses $150,000
75,000 units produced
60,000 units sold at $40 each
Calculate the VARIABLE product cost per unit and prepare a
Contribution Margin Income Statement under Variable Costing in
order to fill in the rest of the information. (Remember you can
submit your calculations for possible...
Lilac, LLC had the following amounts: Direct materials $12 per unit Direct Labor $14 per unit...
Lilac, LLC had the following amounts:
Direct materials $12 per unit
Direct Labor $14 per unit
Variable overhead $3 per unit
Fixed overhead $67,500 Variable selling expenses $4 per unit
Fixed selling and administrative expenses $112,000
67,500 units produced
59,500 units sold
Sales price per unit is $44 each
Calculate the Absorption product cost per unit and prepare a
Multi-Step Income Statement under Absorption Costing in order to
fill in the rest of the information.
Absorption product cost per unit...
You have been given the following information: Expected Production Direct Labor-Hours (DLH) Per Unit Total Direct...
You have been given the following
information:
Expected Production
Direct Labor-Hours (DLH) Per Unit
Total Direct
Labor-Hours
Product M
700
7.0
4,900
Product N
100
4.0
400
Total direct labor-hrs
5,300
The direct labor rate is $24.20 per DLH. The direct
materials cost per unit for each product is given
below:
Direct Materials
Cost per Unit
Product M
$279.00
Product N
$251.00
The company is considering adopting an activity-based
costing system with the following activity cost pools, activity
measures, and...
Problem 2 Total Per Unit Percent of Sales Sales (40,000 units) 2,400,000 60 100% Variable expenses...
Problem 2
Total
Per Unit
Percent of Sales
Sales (40,000 units)
2,400,000
60
100%
Variable expenses
1,600,000
40
? %
Contribution margin
800,000
? %
Fixed expenses
500,000
Net operating income
300,000
Calculate variable expense ratio.
Calculate contribution margin ratio.
Calculate break even sales in units (show your work).
Calculate break even sales in Dollars.
How many units must be sold to make a profit of SAR
200,000.
Management is considering increasing quality of its units by
spending SAR 3...
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