--All working forms part of the answer
--Answer #1
|
A |
Sale price per chair |
$
40.00 |
|
B |
Variable cost per chair |
$
15.00 |
|
C = A - B |
Contribution margin per chair |
$
25.00 |
|
D |
Machine hours used per chair |
2 |
|
E = C/D |
Contribution margin per machine hour |
$
12.50 |
|
Correct
Answer |
Option 'a' $
12.50 |
--Answer #2
|
A |
Beginning Bal |
$1,500.00 |
|
B |
Direct material |
$800.00 |
|
C |
Direct Labor |
$2,300.00 |
| D
= C x 120% |
Manufacturing Overheads applied |
$2,760.00 |
|
E = A+B+C+D |
Total Cost of the job |
$7,360.00 |
|
F |
Job Sold for |
$8,000.00 |
|
G = F - E |
Gross Profits |
$640.00 |
|
Correct
Answer |
Option 'D' $
640 |
