Custom Shoes Co. has gathered the following information conc…
Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs $40,000 Variable selling and administrative costs $20,000 Fixed manufacturing costs $160,000 Fixed selling and administrative costs $120,000 Investment $1,700,000 ROI 30% Planned production and sales 5,000 pairs What is the target selling price per pair of shoes?
Read DetailsHinge Manufacturing’s cost of goods sold is $420,000 variabl…
Hinge Manufacturing’s cost of goods sold is $420,000 variable and $240,000 fixed. The company’s selling and administrative expenses are $300,000 variable and $360,000 fixed. If the company’s sales is $1,580,000, what is its net income?
Read DetailsThe following information pertains to the August manufacturi…
The following information pertains to the August manufacturing activities of Griss Co: Beginning work-in-process (BWIP) $12,000 Ending work-in-process (EWIP) 10,000 Cost of goods manufactured (COGM) 97,000 Direct materials issued to production 20,000 Factory overhead is assigned at 150% of direct labor. What is the August direct labor?
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