1) Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows: Direct material of 5.00 yards at $5.00 per yard Direct labor of 2.50 hours at $17.00 per hour Overhead applied per sleeping bag at $17.00 In the month of April, the company actually […]
-1) Ocean City Kite Company manufactures & sells kites for $9.00 each. The variable cost per kite is $2.50 with the current annual sales volume of 70,000 kites. This volume is currently Ocean City Kite’s breaking even point. Use this information to determine the dollar amount of Ocean City Kite Company’s fixed costs. (Round dollar […]
-2)Ocean City Kite Company sells kites for $11.50 per kite. In FY 2019, total fixed costs are expected to be $195,000 and variable costs are estimated at $3.50 a unit. Ocean City Kite Company wants to have a FY 2019 operating income of $50,000. Use this information to determine the number of units of kites that […]
-3)please see the attached image or below for a homework question The following totals are used to create CVP Income Statement for Frederick Company for FY2018: Frederick Company Selected Financial Figures For the Year Ended 12/31/18 Sales (100 units) $10,000 Variable Costs: Direct Labor $1,700 Direct Materials 1,550 Factory Overhead […]
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