Data table Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Comple
Posted: Wed May 04, 2022 4:35 pm
Requirements
1.
Complete a production cost report for the Cutting Department and
the Sewing Department. What is the cost of one
basic shirt?
2.
367,
368,
369,
370.
180%
3.
New Orleans
1,700
125%
4.
Calculate the total revenue, total cost of
goods sold, and total gross profit for all sales, basic
and custom.
5.
$500
a.
Calculate the contribution margin per unit, contribution
margin ratio, required sales in units to break even,
and required sales in dollars to break even.
b.
Determine the margin of safety in units and dollars.
c.
New Orleans
d.
New Orleans
$500
6.
New Orleans
$1.25
20%,
$1.20.
Data table Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance Print Amount $ 0 2,600 3,000 0 Done ??? Units 0 shirts 2,000 shirts 2,000 shirts 0 shirts X
Data table Sewing Department Beginning balance, transferred in, $1,120; conversion costs, $480 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished Goods Ending balance, 70% complete Print Amount Units $ 1,600 Done ??? 2,148 ??? ??? 400 shirts ??? 1,700 shirts ??? I X
Data table Job Quantity Design Fee Printing Status 367 50 Yes 3 colors Complete 368 200 No 2 colors Complete 369 400 Yes 4 colors Complete 370 300 Yes 5 colors Complete The New Orleans Shirt Company has previously determined that creating and programming the design cost $90 per design. This is a one-time charge. If a customer places another order with the same design, the customer is not charged a second time. Additionally, the cost to print is $0.40 per color per shirt. Print Done X
1.
Complete a production cost report for the Cutting Department and
the Sewing Department. What is the cost of one
basic shirt?
2.
367,
368,
369,
370.
180%
3.
New Orleans
1,700
125%
4.
Calculate the total revenue, total cost of
goods sold, and total gross profit for all sales, basic
and custom.
5.
$500
a.
Calculate the contribution margin per unit, contribution
margin ratio, required sales in units to break even,
and required sales in dollars to break even.
b.
Determine the margin of safety in units and dollars.
c.
New Orleans
d.
New Orleans
$500
6.
New Orleans
$1.25
20%,
$1.20.
Data table Cutting Department Beginning balance Started in March Direct materials added in March Conversion costs Completed and transferred to Sewing Ending balance Print Amount $ 0 2,600 3,000 0 Done ??? Units 0 shirts 2,000 shirts 2,000 shirts 0 shirts X
Data table Sewing Department Beginning balance, transferred in, $1,120; conversion costs, $480 Transferred in from Cutting Conversion costs added in March Completed and transferred to Finished Goods Ending balance, 70% complete Print Amount Units $ 1,600 Done ??? 2,148 ??? ??? 400 shirts ??? 1,700 shirts ??? I X
Data table Job Quantity Design Fee Printing Status 367 50 Yes 3 colors Complete 368 200 No 2 colors Complete 369 400 Yes 4 colors Complete 370 300 Yes 5 colors Complete The New Orleans Shirt Company has previously determined that creating and programming the design cost $90 per design. This is a one-time charge. If a customer places another order with the same design, the customer is not charged a second time. Additionally, the cost to print is $0.40 per color per shirt. Print Done X