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

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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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