Question

In: Accounting

Soft Corp, which produces a single product – a memory foam pillow, has provided you with...

Soft Corp, which produces a single product – a memory foam pillow, has provided you with the following average cost and production data for the months of January and February: Jan Feb Production volume ............................................. 2,000 units 4,000 units Direct materials ................................................. $15.40 per unit $15.40 per unit Direct labor ........................................................ $16.50 per unit $16.50 per unit Manufacturing overhead .................................... $71.40 per unit $42.20 per unit 3A. What is total monthly fixed manufacturing cost?

Solutions

Expert Solution

Hence, total monthly fixed manufacturing costs is $116,800.

Both direct materials and direct labor cost are variable cost. Only manufacturing overhead cost is a mixed costs. Thus, $116,800 of fixed manufacturing overhead costs is taken as total fixed manufacturing cost of the month .


Related Solutions

Beamish Inc., which produces a single product, has provided the following data for its most recent...
Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 9,700 Variable costs per unit: Direct materials $ 121 Direct labor $ 105 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $ 349,200 Fixed selling and administrative expense $ 727,500 There were no beginning or ending inventories. The absorption costing unit product cost was: Multiple Choice $226 per...
Goony Inc., which produces and sells a single product, has provided the following contribution format income...
Goony Inc., which produces and sells a single product, has provided the following contribution format income statement for December: Required: Redo the company's contribution format income statement assuming that the company sells 3,400 units and answer the questions below based upon the new sales level. New Company contribution statement (use this table) category Total Per unit ratio Sale (3400 units) $268,600 per unit $79 ratio 100.00% Less: Variable expenses $125,800 per unit $37 ratio 46,84% Contribution margin $142,800 per units...
1. (2pts) Bubbles Inc., which produces a single product, has provided the following data for its...
1. (2pts) Bubbles Inc., which produces a single product, has provided the following data for its most recent month of operation: Number of units produced 7,000 Variable costs per unit: Direct materials $ 37 Direct labor $ 43 Variable manufacturing overhead $ 5 Variable selling and administrative expenses $ 1 Fixed costs: Fixed manufacturing overhead $ 84,000 Fixed selling and administrative expenses $ 119,000 The company had no beginning or ending inventories. a. Compute the unit product cost under absorption...
7. Kray Inc., which produces a single product, has provided the following data for its most...
7. Kray Inc., which produces a single product, has provided the following data for its most recent month of operations. There were no beginning or ending inventories. Number of units produced 6,000 Variable costs per unit: Direct materials $ 40 Direct labor $ 19 Variable manufacturing overhead $ 8 Variable selling and administrative expense $ 2 Fixed costs: Fixed manufacturing overhead $ 144,000 Fixed selling and administrative expense $ 198,000 The absorption costing unit product cost was $69 per unit...
1. Gonyo Inc., which produces and sells a single product, has provided the following contribution format...
1. Gonyo Inc., which produces and sells a single product, has provided the following contribution format income statement for December appears below:   Sales (5,000 units) $ 290,000   Variable expenses 100,000   Contribution margin 190,000   Fixed expenses 105,700   Net operating income $ 84,300 Required: Redo the company's contribution format income statement assuming that the company sells 5,200 units. 1b. The contribution margin ratio of Donath Corporation's only product is 65%. The company's monthly fixed expense is $455,300 and the company's monthly target...
Kray Inc., which produces a single product, has provided the following data for its most recent...
Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 5,800 Variable costs per unit: Direct materials $ 34 Direct labor $ 20 Variable manufacturing overhead $ 9 Variable selling and administrative expense $ 4 Fixed costs: Fixed manufacturing overhead $ 481,400 Fixed selling and administrative expense $ 464,000 There were no beginning or ending inventories. The variable costing unit product cost was: Multiple Choice $146 per...
Folsom Inc., which produces and sells a single product, has provided the following contribution format income...
Folsom Inc., which produces and sells a single product, has provided the following contribution format income statement for August: Sales (4,600 units) $ 105,800 Variable costs 41,400 Contribution margin 64,400 Fixed costs 46,000 Operating profit $ 18,400 Required: Redo the company’s contribution format income statement assuming that the company sells 4,500 units.
A company that produces and sells a single product for $22 per unit has provided the...
A company that produces and sells a single product for $22 per unit has provided the following volume and average cost data for two accounting period: Level of activity (unit) ---------------------------- ---------------- 1,000 2,000 Direct materials ------------------------- ------------------------ $4.00 $4.00 Direct Labor----------------------------------------------------- $3.00 $3.00 Manufacturing overhead-------------------------------------------- $3.50 $2.50 General, selling, and administrative expenses-------------- $1.00 $0.50 1. The best estimate of the total contribution margin when 4,300 units are sold is: $64,500 $45,150 $58,050 $51,600 2. The best estimate of the...
Delta Corp. produces a single product. The cost of producing and selling a single unit of...
Delta Corp. produces a single product. The cost of producing and selling a single unit of this product at the company's normal activity level of 59,850 units per month is as follows: Direct material $71.80 Direct labor $16.65 Variable manufacturing overhead $4.65 Fixed manufacturing overhead $22.60 Variable selling and administrative expense $6.65 Fixed selling and administrative expense $17.30 Total $139.65 The normal selling price of the product is $167.60 per unit. An order has been received from an overseas customer...
Olsen Tang LLC produces a single product and has provided the following data for its most...
Olsen Tang LLC produces a single product and has provided the following data for its most recent month of operation:             Number of units produced and sold                           10,900             Selling price per unit:                                                 $275             Variable costs per unit:                         Direct materials                                               $139                         Direct labor                                                     $72                         Variable manufacturing overhead                  $8                         Variable selling and administrative                $10             Fixed costs:                         Fixed manufacturing overhead                       $305,200                         Fixed selling and administrative                     $66,200 The company had no beginning...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT