please answer without copy paste and with all work like explanation , computation, formula with steps need correct and complete answer for better understanding please answer in text no AI no handwritten no image need accurate answer Assume that a company makes three products-Product A, Product B, and Product C-and provides the following information with respect to thoseproducts:Selling priceVariable costs per unit:Direct materialsDirect laborVariable overheadTotal variable cost per unitContribution margin per unitOO$14.00$20.00$15.00Product A$70The company incurs total fixed costs of $50,000. The maximum demand for each of its products is 600 units. Its direct material cost is $8.00 perpound. The company has only 1,400 pounds of direct materials available for production. Assuming the company has made optimal use of its 1,400pounds off direct material, what is the maximum amount per pound the company should be willing to pay for additional direct materials?$16.001640258$12Product B Product C$75$85**~**$212032355$30

Production with limited factor we need to calculate contribution margin for limited key factor.…

Assume that a company makes three products-Product A, Product B, and Product C-and provides the following information with respect to those products: Selling price. Variable costs per unit: Direct materials. Direct labor Variable overhead Total variable cost per unit. Contribution margin per unit. $14.00 $20.00 Product A $70 $15.00 16 40 2 58 $12 Product B $75 24 28 2 54 $21 The company incurs total fixed costs of $50,000. The maximum demand for each of its products is 600 units. Its direct material cost is $8.00 per pound. The company has only 1,400 pounds of direct materials available for production. Assuming the company has made optimal use of its 1,400 pounds off direct material, what is the maximum amount per pound the company should be willing to pay for additional direct materials? Product C $85 20 32 3 55 $30

Assume that a company makes three products-Product A, Product B, and Product C-and provides the following information with respect to those products: Selling price. Variable costs per unit: Direct materials. Direct labor Variable overhead Total variable cost per unit. Contribution margin per unit. $14.00 $20.00 Product A $70 $15.00 16 40 2 58 $12 Product B $75 24 28 2 54 $21 The company incurs total fixed costs of $50,000. The maximum demand for each of its products is 600 units. Its direct material cost is $8.00 per pound. The company has only 1,400 pounds of direct materials available for production. Assuming the company has made optimal use of its 1,400 pounds off direct material, what is the maximum amount per pound the company should be willing to pay for additional direct materials? Product C $85 20 32 3 55 $30

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
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