# the monkeyman

Satisfactory Essays
2450 Words
Grammar
Plagiarism
Writing
Score
the monkeyman
All the solutions for the problems that require calculations are on the attached excel sheet. When entering your answers, please check the requirements in the question, some of them ask you to round to 2 or 3 decimal place, some ask you to omit the dollar sign..etc

1.

The following monthly budgeted data are available for the International Company: Product C
Product J
Product R Sales
\$
508,000
\$
308,000
\$
904,000 Variable expenses 296,000 204,000 714,000

Contribution margin
\$
212,000
\$
104,000
\$
190,000

Budgeted net operating income for the month is \$215,000.

Required:

a.
Calculate the break-even dollar sales for the month. (Round your answer to the nearest dollar amount. Omit the "\$" sign in your response.)

Dollar sales to break even
\$

b.
Calculate the margin of safety. (Round your intermediate calculation and final answer to the nearest dollar amount. Omit the "\$" sign in your response.) Margin of safety
\$

c.
Calculate the operating leverage. (Round your answer to 2 decimal places.) Operating leverage

2. Sawaya Co., Ltd., of Japan is a manufacturing company whose total factory overhead costs fluctuate considerably from year to year according to increases and decreases in the number of direct labor-hours worked in the factory. Total factory overhead costs (in Japanese yen, denoted ¥) at high and low levels of activity for recent years are given below:

Level of Activity Low
High
Direct labor-hours
52,800
70,400 Total factory overhead costs
¥233,040
¥255,920

The factory overhead costs above consist of indirect materials, rent, and maintenance. The company has analyzed these costs at the 52,800-hour level of activity as follows:

Indirect materials (variable)
¥58,080
Rent (fixed)
136,000
Maintenance

## You May Also Find These Documents Helpful

• Powerful Essays

First, take budgeted sales in units for each month of April, May, and June, and multiply by the selling price of \$10/unit. You will get TOTAL SALES which you will also need to plug into the Income Statement later. For example, April should be 65,000 units times \$10 = \$650,000 Total Sales.…

• 3135 Words
• 13 Pages
Powerful Essays
• Satisfactory Essays

Duggan company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total \$341,010 for the year, and machine usage is estimated at 126,300 hours.For the year, \$363, 036 of overhead costs are incurred and 132,600 hours are use. Please compute the manufacturing overhead rate for the year.…

• 391 Words
• 3 Pages
Satisfactory Essays
• Satisfactory Essays

At the beginning of 2013, Sparky Company had direct materials inventory totaling \$40,000 and Work in Process inventory with an accumulated cost of \$60,000. During 2013, Sparky purchased \$200,000 of direct materials and incurred total production costs (including direct materials costs, direct labor costs, and applied overhead costs) of \$280,000. At the end of 2013, Sparky’s physical inventories revealed that direct materials costing \$48,000 and Work in Process with an accumulated cost of \$100,000 were on hand at year-end. Manufacturing overhead was applied at three times the amount of Direct Labor cost.…

• 1981 Words
• 17 Pages
Satisfactory Essays
• Powerful Essays

The third area of concern has to do with utility costs. Included in the manufacturing overhead budget under facility in general operations level costs \$55,747 is budgeted for utilities and services. This figure appears again on the budgeted schedule of cost of goods…

• 3870 Words
• 11 Pages
Powerful Essays
• Good Essays

Elwood’s Enterprises uses a job order costing system to track job costs. Overhead costs are allocated to jobs based on direct labour hours. The manufacturing overhead costs for the year were estimated to be \$600,000 and direct labour hours were expected to be 10,000 hours for the year. Direct labour is recorded at \$20 per hour. The chart below summarizes the data from the job cost sheets for jobs worked on during October 2011.…

• 1797 Words
• 8 Pages
Good Essays
• Satisfactory Essays

Please, complete the following two applied problems in a Word or Excel document. Show all your calculations and explain your results. Submit your assignment in the drop box by using the Assignment Submission button.…

• 702 Words
• 3 Pages
Satisfactory Essays
• Good Essays

This volume metric, however, is not the driving factor for manufacturing overhead expenses in fact this method is designed more for departmental focus. It can also be very inaccurate as there is little to no relations between the actual costs and the activity these costs are being signed to. This method often causes inaccuracies. It is in the company’s best interest to switch, as many companies are doing, to an activity-based costing system.…

• 1491 Words
• 6 Pages
Good Essays
• Satisfactory Essays

(Note: Of the \$ 70 of overhead, \$14 is variable and \$56 relates to fixed costs. The \$56 of fixed overhead is allocated as \$ 1.25 per direct labor dollar)…

• 1084 Words
• 5 Pages
Satisfactory Essays
• Satisfactory Essays

Manufacturing Overhead:Manufacturing overhead includes all costs of manufacturing such as indirect material, indirect labor, property taxes, maintenance and repairs, insurance etc. It excludes the direct material and direct labor. The selling and administrative expenses will not be reported in the manufacturing overhead since they are not incurred for the production of the goods.…

• 1445 Words
• 6 Pages
Satisfactory Essays
• Good Essays

For this paper you must have:  the Data Sheet (enclosed). You may use a calculator.…

• 2040 Words
• 9 Pages
Good Essays
• Powerful Essays

Complete the problems included in the resources below and submit your work in an Excel document. Be sure to show all of your work and clearly label all calculations.…

• 1648 Words
• 32 Pages
Powerful Essays
• Powerful Essays

2. Axle and Wheel Manufacturing currently produces 1,000 axles per month. The following per unit data apply for sales to the regular 1,000 customers:…

• 1426 Words
• 10 Pages
Powerful Essays
• Good Essays

In the essay, “Beauty: When the Other Dancer Is the Self” by Alice Walker, is about self-realization, and that the world is what we make it to be. As a child Walker describes how she abused her beauty for her father’s approval. This kind of attitude was further encouraged by the society of which she is from. She grew up hearing praises from people such as “oh, isn’t she the cutest thing”. Walker goes through many different changes and her realizations about herself, that she goes through throughout her life. In the end Walker realizes that she has the whole world at her fingertips and can succeed whenever she wants to with beauty or without beauty. To show how big of a part beauty played in Walker’s life, she uses rhetorical strategies like tone when she shows herself as a child and then as an adult to convey what the experiences she has learned. She also uses allusion about the poems she made. She also uses mood to show the emotional attitude she has toward her beauty.…

• 558 Words
• 3 Pages
Good Essays
• Good Essays

The two methods are different because page 33 is using the contribution method and page 50 is using the absorption costing.…

• 700 Words
• 3 Pages
Good Essays
• Good Essays

From the calculations, the breakeven point in units of Hallstead Jewelers is increasing from 2003 to 2004; started from 4558360 to 7505070; while the breakeven point in sale dollars also increased from 7325284.5 to 11655373. The biggest possibility of the increase may be the moving and renovation of the store. The expansion attracted more customers and purchases to cover its increase of the costs. The margin of safety has declined a lot from 14.7% to -8.8%. The company kept losing money from 2003 to 2006.…

• 676 Words
• 6 Pages
Good Essays