1. Lyons Company consists of two divisions, A and B. Lyons Company reported a co

Question

1. Lyons Company consists of two divisions, A and B. Lyons Company reported a contribution margin of $50,000 for Division A, and had a contribution margin ratio of 30% in Division B, when sales in Division B were $200,000. Net operating income for the company was $25,000 and traceable fixed expenses were $40,000. Lyons Company's common fixed expenses were: 2. The PDQ Company makes collections on credit sales according to the following schedule: 25% in month of sale 70% in month following sale 4% in second month following sale 1% uncollectible The following sales have been budgeted: Month Sales April 100,000 May 120,000 June 110,000 3. Vodopich Corporation has provided the following data from its activity-based costing system: Activity Cost Pool Total Cost Total Activity Assembly $698,950.00 35,000 machine-hours Processing orders $85,101.00 1,900 orders Inspection $107,440.00 1,580 inspection-hours Data concerning the company's product P58Z appear below: Annual unit production and sales 400 Annual machine-hours 1000 Annual number of orders 90 Annual inspection-hours 30 Direct material cost $34.78 per unit Direct labors cost $23.52 per unit According to the activity-based costing system, the unit product cost of product P58Z is closest to: 4. Green Company's costs for the month of August were as follows: direct materials, $27,000; direct labor, $34,000; selling, $14,000; administrative, $12,000; and manufacturing overhead, $44,000. The beginning work in process inventory was $16,000 and the ending work in process inventory was $9,000. What was the cost of goods manufactured for the month? 5. Placek Hospital bases its budgets on patient-visits. The hospital's static budget for October appears below: Budgeted number of patient visits 6,800 Budgeted variable overhead costs: Supplies $2.60 per patient visit $17,680 Laundry $5.60 per patient visit $38,080 Total variable overhead cost $55,760 Budgeted fixed overhead costs: Wages and salaries $21,080 Occupancy costs $44,880 Total fixed overhead costs $65,960 Total budgeted overhead costs $121,720 The total overhead cost at an activity level of 7,700 patient-visits per month should be:

Explanation / Answer

A B Sales 200,000.00 VC 140,000.00 Contribution 50,000.00 60,000.00 30% Profit 25,000.00 Fixed Expenses 40,000.00 65,000.00 Total Contribution 110,000.00 Common fixed expenses 45,000.00 Please consider the time devoted to make this reply by rating this as 5star. Thank u in advance. God bless u :)

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