Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Products A B C D Direct materials $ 15.50 $ 11.40 $ 12.20 $ 11.80 Direct labor 20.60 28.60 34.80 41.60 Variable manufacturing overhead 5.50 3.90 3.80 4.40 Fixed manufacturing overhead 27.70 36.00 27.80 38.40 Unit product cost $ 69.30 $ 79.90 $ 78.60 $ 96.20 Additional data concerning these products are listed below. Products A B C D Grinding minutes per unit 5.00 6.50 5.50 4.60 Selling price per unit $ 77.30 $ 94.70 $ 88.60 $ 105.40 Variable selling cost per unit $ 3.40 $ 2.40 $ 4.50 $ 2.80 Monthly demand in units 5,200 5,200 4,200 3,200 The grinding machines are potentially the constraint in the production facility. A total of 54,800 minutes are available per month on these machines. Direct labor is a variable cost in this company. How many minutes of grinding machine time would be required to satisfy demand for all four products

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.