Question Details

(Solution Download) 1. Dieckman Company makes a product with the following costs: Per Unit Per Year Direct materials $17


 

 

 

 

 

 

 

1. Dieckman Company makes a product with the following

 

costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Per UnitPer Year
  Direct

 

materials

$17.20

 

    

  Direct labor$10.50

 

    

  Variable

 

manufacturing overhead

$3.00

 

    

  Fixed manufacturing

 

overhead

$732,000

 

  

  Variable selling and

 

administrative expenses

$2.00

 

    

  Fixed selling and

 

administrative expenses

$700,000

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The company uses the absorption costing approach to cost-plus

 

pricing described in the text. The pricing calculations are based

 

on budgeted production and sales of 60,000 units per year.

 

 

The company has invested $300,000 in this product and expects a

 

return on investment of 10%.

 

Direct labor is a variable cost

 

in this company.

 

The markup on absorption cost is closest to?

 

2.

 

 

 

 

 

 

 

 

The management of Claypole Corporation has provided the

 

following data concerning its two products--K56J and L72D:

 

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

K56JL72D
  Selling price$424.00

 

  

$94.00

 

    

  Unit variable

 

cost

$376.00

 

  

$67.00

 

    

  Monthly demand

 

(units)

920

 

  

1,300

 

    

 


 

 

 

 

 

 

 

 

The constrained resource is a particular machine that is

 

available for 9,960 minutes each month. Each unit of product K56J

 

requires 10 minutes on this machine and each unit of product L72D

 

requires 2 minutes on this machine.

 

 


 

 

 

 

 

 

 

 

What is the maximum contribution margin the company can earn per

 

month?

 

 

 


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