Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. (cost engineering subject). the company paper x ma

(Cost engineering subject). The company paper x manufactures used cards. To make a card the...

70.2K

Verified Solution

Question

Accounting

(Cost engineering subject).

The company paper x manufactures used cards. To make a card the company incurs material costs of $2.90 of paper per card, $1.15 of ink per card, and $0.35 of wrapping per card. It also has a direct labor cost of $750,000 per month and an indirect cost calculated based on the following formula:

Indirect cost = $46,900 + 2.72n

The company manufactures 115,000 cards monthly and has an operating expense divided as follows: Administration expenses of $122,000 per month and selling expenses of $88,000 per month. The company manages a profit margin of 30% per card.

Calculate:

  1. The total monthly indirect cost of the company.
  2. The unit indirect cost per card.
  3. The total unit manufacturing cost per card.
  4. The unit sale price.
  5. Prepare an income statement for the company

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

Q

3. Measuring stand-alone risk using realized (historical) data Returns earned over a given time period are called...

Finance
Q

The National Longitudinal Study of Adolescent Health interviewed several thousand teens (grades 7 to 12). One...

Statistics
Q

Explain why glass fiber are very strong in tension and bulk glass generally is not.

Mechanical Engineering
Q

According to actuarial tables, life spans in the United States are approximately normally distributed with a...

Basic Math
Q

In the circuit shown when the input voltage of the base resistance is 10 V...

Physics
Q

Noah creates a scatter plot showing the relationship between number of free throws made in...

Basic Math
Q

ed information llowing information applies to the questions dis ompany prepared the following contribution for...

Statistics
Q

Determine the upper tail critical value to 2 in each of the following circumstances a...

Statistics
Q

Payback Period Each of the following scenarios is independent. Assume that all cash flows are...

Accounting
Q

1 What do you understand by Managerial Accounting? Explain tools and techniques of Managerial...

Accounting
Q

The first step of an analytics mindset is to ask the right questions. How do...

Accounting
Q

The Dakota Corporation had a 2021 taxable income of $31,500,000 from operations after all operating...

Finance