Please show steps for the following questions: 1) The East Company manufactures several different products. Unit costs...

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Accounting

Please show steps for the following questions:

1) The East Company manufactures several different products.Unit costs associated with Product ORD105 are as? follows:

Directmaterials                                         $54

$ 54$54

Direct manufacturinglabor                          8

88

Variable manufacturingoverhead              11

1111

Fixed manufacturingoverhead                   25

2525

Sales commissions? (2% of?sales)               5

55

Administrative salaries                               12                          

1212

Total                                                          115

$ 115$115

What is the percentage of the total fixed costs per unitassociated with Product ORD105 with respect to total? cost?

a. 32%

b. 26%

c. 37%

d. 15%

2) Pederson Company reported the? following:

Manufacturingcosts                 $315,000

$ 315 comma 000$315,000

Unitsmanufactured                    7,000

7 comma 0007,000

Unitssold                                   6,300    units sold for $115 per unit

6 comma 3006,300

units sold for

$ 115$115

per unit

Beginninginventory                   1,750 units

1 comma 7501,750

units

What is the manufacturing cost for the ending finished goods?inventory?

a. $31,500

b. $25,200

c. $577,500

d. $110,250

3)The following information pertains to Expert System?Corporation:

Beginning work?in?processinventory      $15,000

$ 15 comma 000$15,000

Ending work?in?processinventory          24,000

24 comma 00024,000

Beginning finished goodsinventory          38,000

38 comma 00038,000

Ending finished goodsinventory               30,000

30 comma 00030,000

Cost of goodsmanufactured                    250,000

250 comma 000250,000

Sales                                                        304,000

304 comma 000304,000

What is the gross profit margin earned by the? company?

a. $46,000

b. $55,000

c. $62,000

d. $63,000

Answer & Explanation Solved by verified expert
4.1 Ratings (624 Votes)
Solution 1 Total Fixed cost per unit Fixed Manufacturing overhead per unit administrative salaries per unit 25 12 37 per unit Total cost per unit 115 Percentage of    See Answer
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Transcribed Image Text

Please show steps for the following questions:1) The East Company manufactures several different products.Unit costs associated with Product ORD105 are as? follows:Directmaterials                                         $54$ 54$54Direct manufacturinglabor                          888Variable manufacturingoverhead              111111Fixed manufacturingoverhead                   252525Sales commissions? (2% of?sales)               555Administrative salaries                               12                          1212Total                                                          115$ 115$115What is the percentage of the total fixed costs per unitassociated with Product ORD105 with respect to total? cost?a. 32%b. 26%c. 37%d. 15%2) Pederson Company reported the? following:Manufacturingcosts                 $315,000$ 315 comma 000$315,000Unitsmanufactured                    7,0007 comma 0007,000Unitssold                                   6,300    units sold for $115 per unit6 comma 3006,300units sold for$ 115$115per unitBeginninginventory                   1,750 units1 comma 7501,750unitsWhat is the manufacturing cost for the ending finished goods?inventory?a. $31,500b. $25,200c. $577,500d. $110,2503)The following information pertains to Expert System?Corporation:Beginning work?in?processinventory      $15,000$ 15 comma 000$15,000Ending work?in?processinventory          24,00024 comma 00024,000Beginning finished goodsinventory          38,00038 comma 00038,000Ending finished goodsinventory               30,00030 comma 00030,000Cost of goodsmanufactured                    250,000250 comma 000250,000Sales                                                        304,000304 comma 000304,000What is the gross profit margin earned by the? company?a. $46,000b. $55,000c. $62,000d. $63,000

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