Answers
Answer-a(1):
Note: Manufacturing overhead allocated to chairs = $915,000/($150,000+$460,000) × $150,000
= $225,000
Manufacturing overhead allocated to desks = $915,000/($150,000+$460,000) × $460,000
= $690,000
Answer-a(2):
As the gross margin ratio of chairs is less as compared to desks, it should be dropped.
Answer-b:
The estimated margin for desks in year 2 is 27.20%
Chairs 1,220,000 Desks 2,862,000 Sales revenue $ $ $ Direct material Direct labour Manufacturing overhead Total cost 601,000 $ 150,000 $ 225,000 $ 976,000 $ 970,000 460,000 690,000 2,120,000 $ Ć Gross profit $ 244,000 $ 742,000 Gross margin ratio 357
Desks 2,862,000 Sales revenue $ Direct material Direct labour Manufacturing overhead Total cost $ $ $ $ 970,000 460,000 820,000 2,250,000 Gross profit $ 612,000 Gross margin ratio 27.20
.
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