Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. wilderness products, inc., has designed a self-inf

Wilderness Products, Inc., has designed a self-inflating sleeping pad for use by backpackers and campers....

70.2K

Verified Solution

Question

Accounting

imageimage

Wilderness Products, Inc., has designed a self-inflating sleeping pad for use by backpackers and campers. The following information is available about the new product: a. An investment of $1,350,000 will be necessary to carry inventories and accounts receivable and to purchase some new equipment needed in the manufacturing process. The company's required rate of return is 24% on all investments. b. A standard cost card has been prepared for the sleeping pad, as shown below Standard Quantity or Hours Standard Standarod Cost $32.40 57.60 86.40 176.40 Price or Rate Direct materials Direct labor Manufacturing overhead (20% variable) Total standard cost per pad 12 yards 7.2 hours 7.2 hours s 2.70 per yard $ 8.00 per hour $12.00 per hour c. The only variable selling and administrative expense will be a sales commission of $8 per pad. The fixed selling and administrative expenses will be $4,564,320 per year d. Because the company manufactures many products, no more than 172,800 direct labor-hours per year can be devoted to production of the new sleeping pads e. Manufacturing overhead costs are allocated to products on the basis of direct labor-hours

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Which type of gland secretes hormones directly into blood system? Exocrine Endocrine Target Serous ACTH from anterior pituitary stimulates secretion of ___________...

Medical Sciences
1.2K views

Explain what effect a lack of functional androgen receptors would have on the development of the...

Biology
1.2K views

A population's per capita birth rate is 1.02 and its per capita death rate is...

Biology
1.2K views

In fruit flies, the gene for white eyes is X-linked recessive. If a white eyed...

Biology
1.2K views

n the Hershey Chase experiment radioactive Sulfur was used to Be incorporated into the phage...

Basic Math
1.2K views

Using the completing-the-square method, rewrite f(x) = x + 10x + 7 in vertex form.f(x)...

Calculus
1.2K views

x t Find a plane containing the line y t 8x 7y 8z 2 1...

Algebra
1.2K views

Determine the integers n for which the pair of congruences 2x-y = 1 and 4x...

Algebra
1.2K views

A psychology student wishes to investigate differences in political opinions between business majors and political...

Algebra
1.2K views

Use a calculator to perform the indicated operation Give the answer in rectangular form TH...

Accounting
1.2K views

(in business law ) Is good faith part of Australian contract law? Discuss with reference...

Accounting
1.2K views

Explain the importance of inherent risk in the development of an audit plan for a...