Need these answered with in 2 hours please!1. (TCO 6) T-Tunes,

Inc. is considering the introduction of a new music player with the following price and cost characteristics:

Sales price per unit: $125
Variable cost per unit: $75
Annual fixed costs: $180,000

(a) How many units must T-Tunes sell to break even?
(b) How many units must T-Tunes sell to make an operating profit of $120,000 for the year?
(c) What will the operating profit be, assuming that the projected sales for the year are 7,500 units?

Consider requirements (b) and (c) independent of each other. (Points : 30)

Question 2. 2. (TCO 4) Kramer Company has decided to use a predetermined rate to assign factory overhead to production. The following predictions have been made for 2010: Total factory overhead costs $180,000 Direct labor hours 50,000 hours Direct labor costs $250,000 Machine hours 60,000 hours Compute the predetermined factory overhead rate under three different bases: (1) direct labor hours, (2) direct labor costs, and (3) machine hours. (Points : 30)

 

Question 3. 3. (TCO 1) The Boyceville Machining Company provided you with the following information for the fiscal year ending on December 31: Work-in-process inventory, 12/31 $28,950 Finished goods inventory, 1/1 153,700 Direct labor costs incurred 502,150 Manufacturing overhead costs 1,364,700 Direct materials inventory, 1/1 125,400 Finished goods inventory, 12/31 255,500 Direct materials purchased 875,100 Work-in-process inventory, 1/1 50,500 Direct materials inventory, 12/31 84,700 (a) Compute the total manufacturing costs incurred during the year. (b) Compute the total work-in-process during the year. (c) Compute the cost of goods manufactured during the year. (d) Compute the cost of goods sold during the year. (Points : 30)

 

Question 4. 4. (TCO 5) The following information relates to a product produced by Bayfield Company: Direct materials $50 Direct labor 35 Variable overhead 30 Fixed overhead 40

 

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there are ways to measure the efficiency and effectiveness of inventory. These analyses are called, “Inventory

Turnover.” Inventory turnover is calculated by COGS/Average Inventory. Meaning if you have a beginning and ending inventory you must add both of these and divide them by 2. Also to understand this better, we can calculate the number of days in inventory sales by: COGS/365 days which will give you average daily COGS…then take this amount and put into this formula: Ending Inventory/average daily COGS…

Let do an exercise:

Refer to the following data:

Company A                            Company B

COGS                          460,000                                 275,000

Inventories:

Beginning Inventory       28,000                                   15,500

Ending Inventory           39,500                                   20,000

Class…for both companies…what is your average inventory? What is your inventory turnover? What is your number of days in inventory? What does this indicate?

 

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