Reference no: EM131328082
Assignment
Dolan Products is a small, family owned audio component manufacturer. Several years ago, the company decided to concentrate on only three models, which were sold under many brand names to electronic retailers and mass-market discount stores. For internal purposes, the company uses the product names Red, Yellow, and Green to refer to the three components. Data on the three models and selected costs follow:
Year 1 Red Yellow Green Total
Units produced and sold 5000 10000 20000 35000
Sales price per unit 150 100 75
Direct materials cost per unit 70 50 30
Direct labor-hours per unit 2 1 0.5
Wage rate per hour 20 20 20
Total manufacturing overhead. 750000
This year (year 2), the company only produced the Yellow and Green models. Total overhead was $650,000. All other volumes, unit prices, costs, and direct labor usage were the same as in year 1. The product cost system at Dolan Products allocates manufacturing overhead based on direct labor hours.
Required
a. Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit t for year 1.
b. Compute the product costs and gross margins (revenue less cost of goods sold) for the two remaining products and total gross profit t for year 2.
c. Should Dolan Products drop Yellow for year 3? Explain.
|
What was the arithmetic average return on the stock
: You’ve observed the following returns on Barnett Corporation’s stock over the past five years: –29.1 percent, 16.4 percent, 35.8 percent, 3.7 percent, and 22.7 percent. What was the variance of the returns over this period? What was the standard devi..
|
|
Compute the percentage total return-dividend yield
: Suppose a stock had an initial price of $101 per share, paid a dividend of $3.20 per share during the year, and had an ending share price of $80.00. Compute the percentage total return. What was the capital gains yield? What was the dividend yield?
|
|
Draw the social marginal benefit curve for society as whole
: Draw the social marginal benefit curve for society as a whole. Determine the theoretical optimum level of national defense to provide. Why in practice will no one reveal their preference if the payment scheme in (c) is adopted.
|
|
Read the articles and analyze three assigned paintings
: Read Edgar Allan Poe's poem "The Raven". Listen to the assigned pieces of music (parts of Beethoven's Fifth and Ninth Symphony, 1st and 3rd movement of Moonlight Sonata, Chopin's Revolutionary Etude and Wagner's Ride of the Valkyries).
|
|
Compute the product costs and gross margins
: Compute the product costs and gross margins (revenue less cost of goods sold) for the three products and total gross profit t for year 1.
|
|
What are the ethical considerations of your decision
: What are the ethical considerations of your decision? What implications could this decision have? Describe how your decision was reached. How will this impact the efficiencies of your operation?
|
|
Write a paper on 3d printers or robotics in medicine
: Write a paper on the topic "3d printers or robotics in medicine".- Perform Step 1, Step 2, components of Step 3, and begin the work of Step 4 as outlined on the Flowchart of the Research Process.
|
|
Prepare a statement of partners equity
: Prepare a statement of partners' equity showing the allocation of income to the partners assuming they agree to use plan (c), that income earned is $104,000 and that Will, Ron, and Barb withdraw $17,000,$24,000.
|
|
What is the maximum range
: Here g is the acceleration due to gravity. Sketch R as a function of θ for 0 ≤ θ ≤ π/2. What angle gives the maximum range? What is the maximum range?
|