[billie_spivey]

In October 2010, Rojo Inc.'s production was 53,600 equivalent units for direct material, 48,800 equivalent units for direct labor, and 42,000 equivalent units for overhead. During October, direct material, conversion, and overhead costs incurred were as follows:
Direct material $158,688
Conversion 189,720
Overhead 85,200

Beginning WIP Inventory costs for October were $26,232 for direct material, $39,024 for direct labor, and $20,640 for overhead.

Assume that Rojo Inc. Had 7,200 EUP for direct material in October's beginning WIP Inventory, 8,000 EUP for direct labor, and 7,920 EUP for overhead. During October, direct material, conversion, and overhead costs incurred were as follows:

What was the October FIFO cost per EUP for direct material, direct labor, and overhead? Round your answers to the nearest cent.

[billie_spivey]

Schmidt Co. Has the following standard material and labor quantities and costs for one unit of Product SWK#468:

During July, the purchasing agent found a "good deal" on the raw material needed for Product SWK#468 and bought 100,000 pounds of material at $3.15 per pound. In July, the company produced 48,000 units of Product SWK#468 with the following material and labor usage:

A. What is the standard quantity of material and the standard labor time for July?

[billie_spivey]

Tasty Beverages began business in 2010 selling bottles of a thirst-quenching drink. Production for the first year was 104,000 bottles, and sales were 98,000 bottles. The selling price per bottle was $3.10. Costs incurred during the year were as follows:

For 2010:

A. What was the production cost per bottle under variable costing? Round your answer to the nearest cent.
$

B. What was variable cost of goods sold?
$

C. What was the contribution margin per bottle? Round the answer to nearest cent.
$ per bottle

D. What was the contribution margin ratio? Round the answer to the nearest whole percent.
%

[billie_spivey]

Tasty Beverages began business in 2010 selling bottles of a thirst-quenching drink. Production for the first year was 104,000 bottles, and sales were 98,000 bottles. The selling price per bottle was $3.10. Costs incurred during the year were as follows:

For 2010:

A. What was the production cost per bottle under variable costing? Round your answer to the nearest cent.
$

B. What was variable cost of goods sold?
$

C. What was the contribution margin per bottle? Round the answer to nearest cent.
$ per bottle

D. What was the contribution margin ratio? Round the answer to the nearest whole percent.
%

[billie_spivey]

Diamond Jim's makes and sells class rings for local schools. Operating information is as follows:

A. What is Diamond Jim's break-even point in rings? Round up to the next whole number.
Rings

B. What is Diamond Jim's break-even point in sales dollars?
$

C. What would Diamond Jim's break-even point be if sales commissions increased to $54? Round up to the next whole number.
Rings

D. What would Diamond Jim's break-even point be if selling expenses decreased by $6,000? Round up to the next whole number.
Rings

[billie_spivey]

Keiffer Production manufactures three joint products in a single process. The following information is available for August 2010:

Allocate the joint cost of $558,000 to the production based on the

number of gallons.
sales value at split-off.
approximated net realizable values at split-off.

a. Number of gallons.

[Curlyben]

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