GreenThumb Organic Fertilizer Company plans to sell 270,000 units of finished product in July and anticipates a growth rate in sales of 4 percent per month. The desired monthly ending inventory in units of finished product is 75 percent of the next months estimated sales. There are 202,500 finished units in inventory on June 30. Each unit of finished product requires 5 pounds of raw material at a cost of $2.05 per pound. There are 730,000 pounds of raw material in inventory on June 30.

Required:
Compute the companys total required production in units of finished product for the entire three-month period ending September 30.Note: Round all intermediate calculations and your final answer to the nearest unit. 868,117 is correct
Independent of your answer to requirement 1, assume the company plans to produce 620,000 units of finished product in the three-month period ending September 30, and to have raw-material inventory on hand at the end of the three-month period equal to 25 percent of the use in that period. Compute the total estimated cost of raw-material purchases for the entire three-month period ending September 30. Answer 6,451,260 is wrong what could answer be
Week 5

Question 1 How many units must the company sell to break even if Model 6754 is selected? 26,987 marked as wrong Professor said: Question 1 – Your math is incorrect. I can not tell you where your math is incorrect but I assure you that I have done that problem over and you have the right figures but your math is incorrect. Double check all your calculations

Question 1: Break-even point for Model 6754

Problem Details:

Model 6754:
Variable costs: $17.00 per unit
Annual fixed costs: $986,200
Selling price: $63 per unit
Sales commission: 15% of selling price = $9.45 per unit
My Approach:

Contribution Margin per Unit:
Contribution margin=63179.45=36.55 per unit Contribution margin=63179.45=36.55 per unit

Break-even Point Calculation:
Break-even point (units)=Fixed costs Contribution margin per unit=986,20036.5526,986 unitsBreak-even point (units)=Contribution margin per unitFixed costs=36.55986,20026,986 units

Conclusion:

My final result is 26,986 units for the break-even point of Model 6754, but the system continues to mark this as incorrect.

Note: Do not round intermediate calculations and round your final answer up to nearest whole number.

The following information applies to the questions displayed below.]

Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow.

Model number 6754:

Variable costs, $17.00 per unit

Annual fixed costs, $986,200

Model number 4399:

Variable costs, $11.80 per unit

Annual fixed costs, $1,113,900

Corrigans selling price is $63 per unit for the universal gismo, which is subject to a 15 percent sales commission. (In the following requirements, ignore income taxes.)

Question 3 [The following information applies to the questions displayed below.] Professor said Question 3 – Don’t use a 3rd decimal in the units (units)=41.752. Your units should be 41.75. Then the number will come out and round up to the next unit on the final calculation.

Corrigan Enterprises is studying the acquisition of two electrical component insertion systems for producing its sole product, the universal gismo. Data relevant to the systems follow.

Model number 6754:

Variable costs, $17.00 per unit

Annual fixed costs, $986,200

Model number 4399:

Variable costs, $11.80 per unit

Annual fixed costs, $1,113,900

Corrigans selling price is $63 per unit for the universal gismo, which is subject to a 15 percent sales commission. (In the following requirements, ignore income taxes.)

Assume Model 4399 requires the purchase of additional equipment that is not reflected in the preceding figures. The equipment will cost $420,000 and will be depreciated over a five-year life by the straight-line method. How many units must Corrigan sell to earn $958,000 of income if Model 4399 is selected? As in requirement 2, sales and production are expected to average 61,200 units per year.

Here is a list of all the answers I’ve provided so far regarding this problem: all marked wrong by system

First Answer:
Corrigan must sell 51,625 units of the universal gismo to earn $958,000 in income with Model 4399, including the new equipment.
Second Answer:
Corrigan must sell 51,621 units of the universal gismo to earn $958,000 in income with Model 4399.
Third Answer:
Corrigan must sell 51,621 units of the universal gismo to earn $958,000 in income with Model 4399.
Fourth Answer:
Corrigan must sell 51,621 units to earn $958,000 in income with Model 4399, following the rounded calculation.
Fifth Answer (based on screenshot):
Corrigan must sell 43,274 units based on a contribution margin of $49.95 from the screenshot.
Sixth Answer:
Corrigan must sell 51,621 units of the universal gismo to earn $958,000 with Model 4399.

Week 7
Montoursville Control Company, which manufactures electrical switches, uses a standard-costing system. The standard production overhead costs per switch are based on direct-labor hours and are as follows:

Variable overhead (5 direct-labor hours @ $8.00 per hour) $ 40
Fixed overhead (5 direct-labor hours @ $12.00 per hour)*Footnote asterisk 60
Total overhead $ 100
*Footnote asteriskBased on capacity of 300,000 direct-labor hours per month.

The following information is available for the month of October.

Variable-overhead costs were $2,400,000.
Fixed-overhead costs were $3,810,000.
58,300 switches were produced, although 68,000 switches were scheduled to be produced.
285,000 direct-labor hours were worked at a total cost of $2,650,000.
Required:
Compute the variable-overhead spending and efficiency variances and the fixed-overhead budget and volume variances for October. $23,600 Positive is correct but the dollar amount $23,600 is wrong selected answer incorrect Positiveselected answer correct

Note: Indicate the effect of the first three variance by selecting “Favorable” or “Unfavorable”. Select “None” and enter “0” for no effect (i.e., zero variance). Select “Positive” or “Negative” for the Fixed-overhead Volume variance.

Variable-overhead spending variance$120,000selected answer correctUnfavorable

selected answer correctVariable-overhead efficiency variance$52,000selected answer correctFavorable

selected answer correctFixed-overhead budget variance

$210,000selected answer correctUnfavorableselected answer correctFixed-overhead volume variance

$23,600 Positive is correct but the dollar amount $23,600 is wrong