fundamentals of Cost Accounting 3 questions only
1)
Rocky Company has signed a contract that requires them to produce and sell Gadgets for$10 per unit. A recent study of costs indicatedthat their fixed production and fixed sellingandadministrative costswere $100,000 and $40,000 respectively. Variable production costs werediscovered to be $4 per unit while their variable selling and administrative costs are $2 per unit.Rocky’stax rate is 30 percent
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Required:
a) What is the net income for Rocky Company if sales are 60,000 units?
b) What are the sales quantity in units needed to obtain an after-taxprofit of $21,000?
_______________________________________________________________________
2)
Ferris Corporation has the followingbudgeted operating results for 2013:
|
Revenues (10,000 units @ $50) Variable costs: |
|
$500,000 |
|
Manufacturing |
$200,000 |
|
|
Selling |
60,000 |
260,000 |
|
Contribution inargin |
|
$240,000 |
|
Fixed costs: |
|
|
|
Manufacturing |
$80,000 |
|
|
Selling |
50,000 |
130000 |
|
Operating income |
|
$110.000 |
Required:
a) Should the company produce a special order for 3,000 units for $30 pet unit? Justify your answer. If Ferris Corporation acceptsthe special order, they must produce and sell the entire 3,000 units for $30
______________________________________________________________________________________
3) Johnson Company produced10,000 units and sold 9,000units in theyear 2013. Beginninginventory was zero.The selling pricewas $60. Dilringthe period, the following costswere incurred:
Fixed manufacturing overhead $90,000
Fixed selling and administrative expenses 100,000
Variable manufacturing overhead 50,000
Variable sellingexpenses, per unit 6
Direct labor, per unit 10
Direct materials, per unit 11
Tax rate is 3 percent.
Required:
a. Calculateeach of the following:
i. Vriable production cost per unit
ii. Full absorption cost per unit
iii. Variable cost per unit
iv. Full (total)cost per unit
v. Contribution margin per unit
vi. Gross margin per unit
I need the answer in one or two hour. handwriting no excel at all please
*******Please show all your works I need to know each number where is come from and I want it handwriting no excel at all please *******
Thank you
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