Question
In: Accounting
) Short Inc has 5,200 machine hours available each month. The following information on the company's...
) Short Inc has 5,200 machine hours available each month. The
following information on the company's three products is
available:
|
Product 1 |
Product 2 |
Product 3 |
|||||||||
|
Contribution margin per unit |
$ |
45.00 |
$ |
54.00 |
$ |
22.50 |
|||||
|
Machine hours per unit |
3 |
2 |
1 |
||||||||
|
Sales demand in units |
900 |
1,000 |
3,000 |
||||||||
Required:
a. What production schedule will maximize the company's
profits?
b. What will be the maximum possible contribution margin?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Short Inc has 6,000 machine hours available each month. The following information on the company's three...
Short Inc has 6,000 machine hours available each month. The
following information on the company's three products is available:
Product 1 Product 2 Product 3 Selling price $ 90.00 80.00 50.00
Variable cost per unit 30.00 54.00 $ 26.00 Machine hours per unit 5
2 1.5 Sales demand in units 500 1,000 2,000 Required: a. What
production schedule will maximize the company's profits? b. What
will be the maximum possible contribution margin? c. The company
has an option of buying...
Short Inc has 6,000 machine hours available each month. The following information on the company's three...
Short Inc has 6,000 machine hours available each month. The
following information on the company's three products is
available:
Product 1
Product 2
Product 3
Selling price
$
90.00
80.00
50.00
Variable cost per unit
30.00
54.00
$
26.00
Machine hours per unit
5
2
1.5
Sales demand in units
500
1,000
2,000
Required:
a. What production schedule will maximize the company's
profits?
b. What will be the maximum possible contribution margin?
c. The company has an option of buying...
Zantaq Inc. has 5,490 machine hours available each month. The following information on the company's three...
Zantaq Inc. has 5,490 machine hours available each month. The
following information on the company's three products is
available:
Bookcases
Chairs
Side Tables
Contribution margin per unit
$
42.00
$
36.00
$
16.50
Machine hours per unit
3
2
1
The market demand is limited to 2,090 units of each of the three
products. What is the maximum possible contribution margin that
Zantaq could make in any month?
A furniture factory has 2230 machine hours available each week in the cutting department, 1470 hours...
A furniture factory has 2230 machine hours available each week
in the cutting department, 1470 hours in the assembly department,
and 2960 in the finishing department. Manufacturing a chair
requires 0.3 hours of cutting, 0.5 hours of assembly, and 0.6
hours of finishing. A cabinet requires 0.8 hours of cutting, 0.3
hours of assembly, and 0.1 hours of finishing. A buffet requires
0.2 hours of cutting, 0.1 hours of assembly, and 0.9 hours of
finishing. How many chairs, cabinets, and...
A machine is available 10 hours a day. Each part takes 90 minutes to fabricate and...
A machine is available 10 hours a day. Each part takes 90 minutes to fabricate and 10 minutes to setup 10% o the parts made are defect e and must go through the machine again to be reworked, during which both setup and fabrication have to be performed again. The machine is idle for any unused time Or average, 5 good parts are made each day. What is the overall equipment effectiveness of the machine?
0.17
0.75
0.075
0.83
The following information is available for the Turner Company for the month of March: a. On...
The following information is available for the Turner Company
for the month of March:
a. On March 31, after all
transactions have been recorded, the balance in the company's Cash
account has a balance of $17,635.
b. The company's bank
statement shows a balance on March 31 of $35,052.
c. Outstanding checks at
March 31 include check #2748 in the amount of $3,975 and check
#2753 in the amount of $5,667.
d. Examination of the checks on the
bank statement...
A company has the following financial information: year Labour (in hours) machine costs (in $) 2009...
A company has the following financial information:
year
Labour
(in hours)
machine costs
(in $)
2009
1,200
103,266
2010
1,225
110,216
2011
1,100
97,579
2012
1,050
94,581
2013
1,160
111,762
2014
1,200
115,786
2015
1,350
136,476
2016
1,380
141,852
2017
1,250
128,679
2018
1,270
135,334
2019
1,220
132,222
Required
Using the high-low method, what are the estimated machine costs
if there are 1,100 Labour hours?
if there...
Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of...
Ridgecrest Company manufactures plastic storage crates and has
the following information available for the month of
April:
Work in process, April 1
(100% complete for materials,
44% for conversion)
26,600
units
Direct materials
$
20,000
Conversion cost
$
27,000
Number of units started
54,400
units
April costs
Direct materials
$
60,800
Conversion cost
$
102,800
Work in process, April 30
(100% complete for materials,
22% for conversion)
23,000
units
Required:
Using the weighted-average method of process costing, complete each
of...
Ridgecrest Company manufactures plastic storage crates and has the following information available for the month of...
Ridgecrest Company manufactures plastic storage crates and has
the following information available for the month of April: Work in
process, April 1 (100% complete for materials, 47% for conversion)
23,600 units Direct materials $ 20,000 Conversion cost $ 23,000
Number of units started 49,400 units April costs Direct materials $
61,800 Conversion cost $ 98,800 Work in process, April 30 (100%
complete for materials, 22% for conversion) 17,000 units Required:
Using the weighted-average method of process costing, complete each
of...
Mosaic Company applies overhead using machine hours and reports the following information. Actual machine hours used...
Mosaic Company applies overhead using machine hours and reports
the following information.
Actual machine hours used (AH)
4,900
hours
Standard machine hours (for actual production) (SH)
5,400
hours
Actual variable overhead rate per hour (AVR)
$
4.55
Standard variable overhead rate per hour (SVR)
$
4.40
QS 23-18A Total variable overhead cost variance LO P5
Compute the total variable overhead cost variance and classify
it as favorable, unfavorable or no variance.
Compute the variable overhead spending variance and the variable...
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