Complete the following assignment by answering the questions and compiling your answers into a word-processing document. Remember to show your work if an answer requires a mathematical solution.
A+ Answer - Accurate & Economical - Latest Answer (Updated - 10/2014)
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xx The work-in xxxxxxx inventory xxxxxxx of x xxxxxxxxxxxxx xxxxxxx shows a xxxxxxx xx xxxxxx at xxx xxx xx an xxxxxxxxxx period. xxx xxxxxxxx xxxxxx of the two xxxxxxxxxx jobs show xxxxxxx of xxxx xxx xxxx for xxxxxx xxxxxxxxx and xxxxxxx of xxxx xxx xxxx for direct labor. xxxx xxxx information, it appears that the company is using a predetermined xxxxxxxx xxxx of direct xxxxxx xxxx xxxxxxxxxx is xxx xxxxx
Work xx xxxxxxxx xxxxxx balance: $3,000
xxxx direct xxxxxxxx xxxxxxxxxxx -$800
Less xxxxxx labor ($400 x $600) -$1,000
xxxxxxxx x xxxxxx xxxxx x $1,200 / xxxxxx x 1.2 = 120% xxxxxxxxxxxxx overhead xxxx xx The xxxxxxxxxx point in dollar sales for Rice xxxxxxx xx $480,000 and xxx xxxxxxx xxxxxxxxxxxx xxxxxx ratio xx 40 percent. If xxxx Company xxxxxxx x xxxxxx xx $84,000, xxx xxxx would sales have to total?
xxxx x xxx contribution margin ratio x 60% variable costs of xxxxx
xxx xxxxxxxx xxxxx xx xxxxx x $480,000 break-even xxxxx x xxxxxxxx variable xxxxx
xxxxxxx BE xxxxx – xxxxxxx variable costs x $192, xxx xxxxx costs.
xxx $84,000 xxxxxxx
x x xxxxxxx fixed costs x 84,000 profit + 0.60x
0.4x x 276,000
X x 276,000/0.4
x = xxxxxxxx xxxxx xxxxxxxx for xxxxxx xxxxxx level 3. xxxxxxxx Company’x direct labor xxxx xx xx xxxxxxx xx its conversion cost. xx the manufacturing overhead xxx the xxxx period was xxxxxxx xxx xxxxxx xxxxxxxx xxxx was xxxxxxxx how xxxx is the direct labor xxxxx
Conversion cost (CC) = xxxxxx xxxxx + xxxxxxxxx
CC = $45,000
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