(a) if all other costs are assumed equal, what is the total cost for each machine for 10k holes, assuming the total cost of each machine to be charged to these holes? (b) for how many holes will the costs be equal?

(a) if all other costs are assumed equal, what is the total cost for each machine for 10k holes, assuming the total cost of each machine to be charged to these holes? (b) for how many holes will the costs be equal?

Name: The making of rivet holes in structural steel members can be done by 2
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Description: The making of rivet holes in structural steel members can be done by 2 methods. The first method consists of laying out the position of the holes in the members and using a drill press costing P100k. The machinist is paid P60 per hour and he can dril

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 4EA: Use the information provided to create a standard cost card for production of one glove box switch....

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o make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Use the information provided to create a standard cost card for production of one glove box switch, in the format given below:
To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Use the information provided to create a standard cost card for production of one glove box switch under the format of direct materials, direct labor, manufacturing overhead, and standard cost. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour.
Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 17 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 1 hours. These workers are paid $28.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Round your answer to two decimal places. Standard Cost $
Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Round to the penny, two decimal places. Standard cost card Standard Quantity Standard Quantity Measurement Standard Cost per Unit Per Measurement Cost Summary Direct Materials Plastic-coated copper feet $ per foot $ Plastic material pounds $ per pound $ Direct…
Use the information provided to create a standard cost card for production of one glove box switch. To make one switch it takes 16 feet of plastic-coated copper wire and 0.5 pounds of plastic material. The plastic material can usually be purchased for $20.00 per pound, and the wire costs $2.50 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.5 hours. These workers are paid $27.00 per hour. The second type of labor is finishing, which takes 2 hours. These workers are paid $29.00 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.90 per labor hour. The fixed overhead rate is $15.60 per hour. Round to the penny, two decimal places. Direct Materials Plastic-coated copper Plastic material Direct Labor Assembly Finish Manufacturing Overhead Variable overhead Fixed overhead Standard cost Standard Quantity Standard cost card Standard Quantity Standard Cost per Measurement Unit feet…
The volume of the raw material required for a certain machine part is 2.02 cu. cm. The finished volume is 1.05 cu. cm. The time for machining each piece is 45 seconds for steel and 30 seconds for brass. The costs of steel is P32.50 per kg and the value of steel scrap is negligible. The cost the brass is P60 per kg and the value of brass scrap is P25 per kg. The wage of the operator is P40 per hr and the overhead cost of the machine is P50 per hour. The weight of steel and brass are 0.0081 and 0.0088 kg per cu. cm, respectively. How much is the total cost per piece of steel and brass. Which material will you recommend? Upload Choose a File
A certain machining job for a machine shop in Davao can be done on six existing lathes, on which the initial cost has been amortized, if P 120 is spent on each lathe for special tool equipment. It is estimated that 25 min. time will be required per piece machined with labor at P 1.20 per hour. The job could also be done on automatic machines which will have to be purchased for P 3,640 each, including tools. Time per piece on these machines will be 4 minutes and labor will be charged at the rate of P 1.20 per hour total labor charge for whatever number of machines are purchased up to 5 because one man can tend a number of machines. What size of order for such pieces would justify purchasing automatic machines, assuming the cost of the special tools or the automatic machines to be written off the job? 4500 6000 7600 6300 4000 5500
Terra Nova, Inc. has the capacity to rewire 300 vehicle wiring harnesses per day. The expected number of vehicles needing to be rewired per day is 225. The company is paid $26 for each wiring harness rewired. The fixed cost of renting the rewiring equipment is $250 per day. The vehicle bays space rents for $150 per day. The cost of materials is $18 per vehicle and labor costs $3 per wiring harness. What is the break-even number of wiring harnesses rewired per day?
A machine project is tasked to you, as shown below. Figure 1: Garbage Collection Robot Using Wireless Communication Technology (nevonprojects.com) 1. The actual machine will be mass-produced based on the machine in Figure 1. The tooling (fixtures, moulds & dies) is estimated at RM100,000 with expected product lifespan of 10,000 sets. Material cost is RM200 per set. Administration and overhead cost are at RM250,000 per year. Production planning per month for the machine is at 300 sets. Determine the machine cost per set.
A machine part to be machined may be made either from an alloy of aluminum or steel. Thereis an order for 7,000 units. Steel costs ₱8.00 per kg, while aluminum costs ₱13.00 per kg. Ifsteel is used, the steel per unit weighs 100 grams; for aluminum, 25 grams. When steel isused, 60 units can be produced per hour; for aluminum, 100 units per hour with the aid of atool costing ₱800.00, which will be useless after the 8,000 units are finished. The cost of themachine and operator is ₱100.00 per hour. If all other costs are identical, determine whichmaterial will be more economical.
A manufacturer has a contract to produce 5,000 units of a certain device. The device can be made by highly-trained workmen working individually. The device can also be made by less-skilled workmen working together if they are given a specialized equipment and proper supervision. The highly-trained workmen are paid P20.00 per hour, and each can produce one unit every 2 hours, on the average.The specialized equipment can be placed in operation at an original cost of P60,000 and it will be worthless at the time all the 5,000 units are manufactured. With this equipment four men, paid P15.00 each per hour, and a foreman, paid P25.00 per hour, can do the work. All the five men working together can finish one unit in 15 minutes.Determine the gain or loss if the specialized equipment is used.