Finch Company makes fine jewelry that it sells to department stores throughout the United States. Finch is trying to decide which of the two bracelets to manufacture. Cost data pertaining to the two choices follow. Bracelet ABracelet B Cost of materials per unit $ 28 $ 34 Cost of labor per unit 44 44 Advertising cost per year 9,400 7,900 Annual depreciation on 5,700 5,400 existing equipment Required a. Identify the fixed costs and determine the amount of fixed cost for each product. b. Identify the variable costs and determine the amount of variable cost per unit for each product. c. Identify the avoidable costs and determine the amount of avoidable cost for each product. Complete this question by entering your answers in the tabs below. Required Required Required A B C Identify the avoidable costs and determine the amount of avoidable cost for each product. Avoidable Costs Bracelet Bracelet A B < Required B Required C >
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- Boyle Company makes fine jewelry that it sells to department stores throughout the United States. Boyle is trying to decide which of the two bracelets to manufacture. Cost data pertaining to the two choices follow: Bracelet A Bracelet B Cost of materials per unit Cost of labor per unit Advertising cost per year $ 10 $ 20 15 15 5,000 5,000 3,000 Annual depreciation on existing equipment 4,000 Required a. Identify the fixed costs and determine the amount of fixed cost for each product. b. Identify the variable costs and determine the amount of variable cost per unit for each product. c. Identify the avoidable costs and determine the amount of avoidable cost for each product.Adams Company makes fine jewelry that it sells to department stores throughout the United States. Adams is trying to decide which of the two bracelets to manufacture. Cost data pertaining to the two choices follow. Cost of materials per unit Cost of labor per unit Advertising cost per year Annual depreciation on existing equipment Required a. Identify the fixed costs and determine the amount of fixed cost for each product. b. Identify the variable costs and determine the amount of variable cost per unit for each product. c. Identify the avoidable costs and determine the amount of avoidable cost for each product. Required A Complete this question by entering your answers in the tabs below. Fixed Costs Required B Total fixed costs Bracelet A $13 42 8,400 5,500 Required C Bracelet B $26 42 Identify the fixed costs and determine the amount of fixed cost for each product. Bracelet A Required A Bracelet B 6,100 5,100 Required B >Look Good Jewels (LGJ) is considering a special order for 30 handcrafted gold bracelets for a wedding. The gold bracelets are to be given as gifts to members of the wedding party. The normal selling price of a gold bracelet is $295.00 and its unit product cost is $214.00, as shown: Materials Direct labour Manufacturing overhead Unit product cost $ 110.00 64.00 40.00 $ 214.00 S The manufacturing overhead is largely fixed and unaffected by variations in how much jewellery is produced in any given period. However, 20% of the overhead is variable with respect to the number of bracelets produced. The customer interested in the special bracelet order would like special filigree applied to the bracelets. This would require additional materials costing $2.00 per bracelet and would also require acquisition of a special tool costing $440 that would have no other use once the special order was completed. This order would have no effect on the company's regular sales, and the order could be…
- Imperial Jewelers manufactures and sells a gold bracelet for $402.00. The company's accounting system says the unit product cost for this bracelet is $270.00, as shown below: Direct materials Direct labor Manufacturing overhead Unit product cost $ 150 84 36 $ 270 A wedding party has approached Imperial Jewelers about buying 25 gold bracelets for the discounted price of $362.00 each. The wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $5. Imperial Jewelers would have to buy a special tool for $458 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order, Imperial Jewelers determined most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $6.00 of the overhead is variable with respect to the number of bracelets produced. The company also…Imperial Jewelers manufactures and sells a gold bracelet for $404.00. The company's accounting system says the unit product cost for this bracelet is $267.00, as shown below: Direct materials Direct labor Manufacturing overhead Unit product cost $148 82 37 $ 267 A wedding party has approached Imperial Jewelers about buying 29 gold bracelets for the discounted price of $364.00 each. The wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $10. Imperial Jewelers would have to buy a special tool for $465 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order, Imperial Jewelers determined most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $11.00 of the overhead is variable with respect to the number of bracelets produced. The company also…Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company's accounting system says the unit product cost fo this bracelet is $267.00, as shown below: 41 es Direct materials Direct labor Manufacturing overhead Unit product cost $ 146 82 39 $ 267 A wedding party has approached Imperial Jewelers about buying 25 gold bracelets for the discounted price of $363.00 each. The wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $5. Imperial Jewelers would have to buy a special tool for $453 to apply the filigree to the bracelets. The special tool would have no othe use once the special order is completed. To analyze this special order, Imperial Jewelers determined most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $6.00 of the overhead is variable with respect to the number of bracelet produced. The company also…
- Trinity product Limited makes and sells three types of electronic security systems forwhich the following information is availableStandard cost and selling price per unitDay Scan Night scan Omni scanGH¢ GH¢ GH¢Material 70 110 155Manufacturing labour 40 55 70Installation labour 24 32 44Variable overheads 16 20 28Selling price 250 320 460Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilledis available for 25,000 hours only in a period and is paid GH¢8 per hour. Bothmanufacturing and installation labour are variable cost. The maximum demand for theperiod is: Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800units.Requireda) Calculate the shortfall (if any) in hours of installation labour. b) Determine the best production plan assuming the company wishes to maximizeprofit. c) calculate the maximum profit that could be achieved from the plan in part (b) aboved) Having carried out an investigation of the availability of installation labour, the…Trinity product Limited makes and sells three types of electronic security systems for which the following information is available. Standard cost and selling price per unit. DETAILS DAY SCAN NIGHT SCAN OMNI SCAN GH¢ GH¢ GH¢ Materials 70 110 155 Manufacturing Labour 40 55 70 Installation Labour 24 32 44 Variables Overheads 16 20 28 Selling Price 250 320 460 The fixed cost for the period is GH¢450,000 and installation labor, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labor is variable costs. The maximum demand for the period is Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800 units. Required: a) Calculate the per units installation hours required for all the systems b) Having carried out an investigation of the availability of installation labour, the firm thinks that by offering GH¢ 12 per hour, additional…The production department is proposing the purchase of an automatic insertion machine. It has identified three machines and has asked the accountant to analyze them to determine which one has the best average rate of return. Machine A Machine B Machine C $83,087.40 $73,001.40 322,364.00 276,958.00 486,676.00 Estimated average income $45,130.96 Average investment Oa. Machine B Ob. Machine C Oc. Machine A Od. Machines B and C have the same preferred average rate of return.
- Roadside Inc. manufactures the Megalite, and is reviewing the product's cost structure. Accounting records show these costs:factory space: $250,000 per yearinsurance: $47,000 per yearsupervisor salaries: $125,000 per yearmaterials: $5.00 per lampdirect labor: $2.69 per lamprecycling charge: $0.37 per lampRoadside Inc sells the Megalite to wholesalers for $13.69 each. Calculate Roadside's contribution margin as percent of selling price on the Megalite. (Rounding: tenth of a percent. Report 25.3%, for example, as "25.3".)Imperial Jewelers manufactures and sells a gold bracelet for $403.00. The company's accounting system says that the unit product cost for this bracelet is $261.00 as shown below: Direct materials Direct labor Manufacturing overhead Unit product cost $ 149 81 31 $ 261 The members of a wedding party have approached Imperial Jewelers about buying 24 of these gold bracelets for the discounted price of $363.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $8. Imperial Jewelers would also have to buy a special tool for $456 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $9.00 of the overhead is variable…Walton Bike Company makes the frames used to build its bicycles. During year 2, Walton made 21,000 frames; the costs incurred follow. Unit-level materials costs (21,000 units x $49) Unit-level labor costs (21,000 units × $56) Unit-level overhead costs (21,000 x $11) Depreciation on manufacturing equipment Bike frame production supervisor's salary Inventory holding costs Allocated portion of facility-level costs $1,029,000 1,176,000 231,000 90,000 93,400 280,000 590,000 Total costs $3,489,400 Walton has an opportunity to purchase frames for $120 each. Additional Information 1. The manufacturing equipment, which originally cost $550,000, has a book value of $410,000, a remaining useful life of 4 years, and a zero salvage value. If the equipment is not used to produce bicycle frames, it can be leased for $76,000 per year. 2. Walton has the opportunity to purchase for $990,000 new manufacturing equipment that will have an expected useful life of 4 years and a salvage value of $47,600. This…