: The following cost data relate to Taylor Products Company for the year ended June 30, 2005.
Direct Materials $ 55,600
Direct Labor 72,400
Factory Overhead 36,500
Work in process inventory, July 1, 2004 38,200
Work in process inventory, June 30, 2005 34,800
Required:
Sub Station and Planet Sub reported the following selected financial data ($ in thousands). Sub Station’s business strategy is to sell the best tasting sandwich with the highest quality ingredients. Planet Sub’s business strategy is to sell the lowest cost sub on the planet.
1. Calculate Sub Station’s return on assets, profit margin, and asset turnover ratio. (Enter your answers in thousands of dollars. (i.e. 123,000 should be entered as 123).)
.
M and M, Inc. produces a product that has a variable cost of$4.20 per unit. The company's fixed costs are $50,400. The productis sold for $7 per unit and the company desires to earn a targetprofit of $11,200. What is the amount of sales that will benecessary to earn the desired profit? (Do not roundintermediate calculations.)
$154,000
$380,800
$126,000
$187,600
