Homework 1 Class Solutions (1)

# Homework 1 Class Solutions (1) - Solutions Units Selling...

This preview shows pages 1–3. Sign up to view the full content.

Solutions: Units 1,150 2,775 Selling Price per Unit \$149.43 \$144.95 Labor per unit \$18.15 \$17.54 Material per unit \$23.54 \$21.76 \$6.28 \$5.91 Mfg Overhead per unit \$8.76 \$7.87 COGS Labor \$20,873 \$48,674 Material \$27,071 \$60,384 \$7,222 \$16,400 Variable Mfg Overhead \$10,074 \$21,839 Total Cost of Goods Sold \$65,240 \$147,297 Operating Expenses Fixed Mfg Overhead \$49,550 \$54,660 \$28,550 \$35,770 Total Operating Expenses \$78,100 \$90,430 Total Cost \$143,340 \$237,727 a. Total cost \$143,340 \$237,727 b. Average unit cost \$124.64 \$85.67 c. Total cost of goods sold \$65,240 \$147,297 d. Cost of goods sold per unit \$56.73 \$53.08 e. Total Revenue \$171,845 \$402,236 f. Breakeven volume 843 984 g. Net Margin (%) 16.6% 40.9% h. Unit gross profit \$92.70 \$91.87 i. Gross margin (%) 62.0% 63.4% j. Total Net Profit \$28,505 \$164,509

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
Solutions: Dollars per unit- Revenue \$46.99 \$46.99 Units 37,000 64,000 Revenue \$1,738,630 \$3,007,360 COGS Materials \$155,500 \$268,973 Labor
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 4

Homework 1 Class Solutions (1) - Solutions Units Selling...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online