Taco City Food Truck had the following results last month: S…

Taco City Food Truck had the following results last month: Sales revenues were $6800, variable costs were $2720, and the fixed costs for the food truck were $1525 per month. If Taco City’s cost structure remains the same and it wishes to achieve its targeted operating income goal of $3450 next month, how much in total sales revenue will Taco City require?

MaeLee Inc. manufactures hook-and-eye closures. For the mont…

MaeLee Inc. manufactures hook-and-eye closures. For the month of July, it incurred direct labor of $68000, direct materials of $33500, and manufacturing overhead of $44100. Included in these costs are direct costs of $101500 and indirect costs of $44100. Respectively, the conversion costs and prime costs for Novak, Inc. for July are

The following contribution margin income statement represent…

The following contribution margin income statement represents the operations of TeddyGram Company, a small manufacturer, at a level of production of 10700 units (assuming all units produced are sold): Sales revenue $55300 Variable costs 33500 Contribution margin 21800 Fixed costs 15300 Net income $6500 The relevant range for TeddyGram Company is 4,000 to 12,000 units. If production and sales were to decrease to 5350 units, which of the following would likely occur?

McCormick sells its product for $78 per unit. During 2025, i…

McCormick sells its product for $78 per unit. During 2025, it produced 121100 units and sold 106100 units. Costs per unit are: direct materials $24, direct labor $9, variable overhead $4, and variable operating expenses $2. Fixed costs are $968800 manufacturing overhead, and $76000 operating expenses. Assuming no variances were reported, no beginning inventory exists, and the company uses absorption costing, what will be reported as the ending inventory value?

RiverCity Company has two production departments and two sup…

RiverCity Company has two production departments and two support departments. Each department occupies the following square footage: Housekeeping services    1500 Administration 2650 Accounting Department – Producing 5300 Tax Department – Producing 5300 Housekeeping department costs are allocated on the basis of the square footage of space. If the budget for housekeeping costs is $48000, what amount would be allocated to the accounting department using the direct method?

Vurmour Inc. has been allocating Manufacturing Overhead (MOH…

Vurmour Inc. has been allocating Manufacturing Overhead (MOH) costs to products using a single plant-wide rate of $15.00 per Direct Labor (DL) hour. Based on the increased activity, the accountants are suggesting a transition to Activity-Based Costing (ABC) and has provided the following details regarding the budget and the requirements for a recent job (Job A).  Activity Budgeted Cost Budgeted Quantity of Cost Driver JOB A  Actual Usage Materials Handling $48500 5800 labor hour 362 labor hours Set-up 125600 9500 production runs 34 production runs Quality Inspections 35000 11600 inspections 17 inspections Total $209100 Assuming that Vurmour makes the switch to ABC, what are the total MOH costs allocated to JOB A?