Cost Code Variance 03-3100M ($25,000) Description Concrete Material Budget $150,000 Committed $175,000 Cost to Date $135,000 The current project schedule update tells us that the concrete scope of work is 72% poured/placed. What percent of cost have we expended? A. 90% B. 77% C. 72% D. 23%
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- föllowing Cost Factor Site B 170,000$ Site A Price of land 100,000S Monthly cost of delivering materials S 10,000 $ 7,000 Cost of equipment setup $ 12,000 $ 9,000 Cost of utilities per month $ 1,500 1,100 For site A, an extra $ 60/ day is needed for additional site guards. a- Which site should the contractor select? b- When do the costs of two sites are equals (After how many months of work the costs are similar)?Cost Allocation To: uality ontrol 78,400✔ 21,600 100,000) 0 Fabricating 140,600 28,800 20,000 S 189,400 S $ $ $ SA Finishing 9,820 X 21,600 50,000 81,420Given the cost formula, Y = $16,000+ $3.40x, total cost for an activity level of 4,000 units would be: A. $13,600 OB. $3,600 C. $29,600 O D. $16,000
- Required Exhibit 13.4 in the chapter as your guide. E13-4 Time allowed: 10 minutes cover a relevant range of 15,000 to 25.000 machine-hours each year. Overhead costs Cost formula Utilities £0.30 per machine-hour Indirect labour £52,000 plus £1.40 per machine-hour Supplies £0.20 per machine-hour Maintenance £18,000 plus £0.10 per machine-hour Depreciation 000'obF Required Prepare a flexible budget in increments of 5,000 machine-hours. Include all costs in your budget. E13-5 Time allowed: 20 minutes The variable portion of Murray Company's flexible budget for manufacturing overhead is given below: Machine-hours Cost formula 000 £2,800 Variable overhead costs (per machine-hour) £0.20 £2,400 Supplies 000 11,200 Maintenance 009'b 000' 1,200 1,400 Utilities 0.10 000 0 00 £21,000 0.40 4,800 Rework time 000 0 £1.50 £15,000 £18,000 Total variable overhead cost During a recent period, the company recorded 11,500 machine-hours of activity. The variable overhead costs incurred were: Supplies…Required information Problem 03.036 DEPENDENT MULTI-PART PROBLEM - ASSIGN ALL PARTS A process for producing the mosquito repellant Deet has an initial investment of $205,000 with annual costs of $55,000. Income is expected to be $90,000 per year. Problem 13.036.b: Calculate the breakeven point What is the annual breakeven production quantity for both payback periods if net profit, that is, income minus cost, is $10 per gallon? When i=0%, the annual breakeven production quantity is determined to be 3504 gallons per year. When 12%, the annual breakeven production quantity is determined to be 1914 gallons per year.Refer to the earned value table for Project Terrace, for the end of day 6, and answer questions 6-11. All dollar amounts are in hundreds. Duration in days Planned Value Earned Activity 3 12 15 % Comp Value Landscape Design Retaining wall Dirt work |Move utilities Sprinkler system | Planting Planned Cost Cumulative Planned Cost Actual Cost 2 3 1 100 5 3 50 4 2 3 5 10 4 3 12 15 2 8. 14 Σ 2 10 9 24 33 48 Cumulative Actual Cost
- The total conversion cost for company XYZ was four times the prime cost. The direct labor cost was $30,000 while the direct materials cost was $20,000. How much was the manufacturing overhead cost ($)? O a. 80,000 O b. 180,000 Oc. 170,000 O d. None of the given answers O e. 200,000O US PAGE NEXT PAGE lump to COURSE OUTLINE SPRING2021Schedule of Activity Costs Quality Control Activities Process audits Training of machine operators Processing returned products Scrap processing (disposal) Rework Preventive maintenance Product design Warranty work Finished goods inspection Activity Cost $50,000 28,000 19,000 25,000 8,000 30,000 46,000 12,000 23,000 From the provided schedule of activity costs, determine the value-added costs. A.$177,000 B.$191,000 C.$156,000 D.$104,000Q4/ The table below shows the duration and direct costs for the activities of a construction project. It is required to calculate the duration of the project that achieves the lowest possible total cost using the technique of crashing if the indirect costs are 20% from direct cost. Crash Time Crash Cost Normal Time (NT) weeks Normal Cost Activity (NC) $ (CT) weeks (CC) $ A 6. 1000 3 7000 B 4 9000 10000 C 3 6000 1 10000 D 4 8000 2 11000 E 6 1000 4 13000 5 А D End Start 7 6. B E
- PROBLEMS Note the following information concerning the direct costs of each of the following four departments: 1) Supplied by: HR PM Human Resources $ 975,000 A) B) C) D) Human Resources Plant Maintenance $1,300,000 Plant Maintenance 15% Cutting Polishing $7,685,000 $8,755,000 15% Based on the above information, prepare the following Allocate costs by the direct method. Cutting 50% 45% Polishing 35% 40% Allocate costs by the step-down method (Human Resources first) Allocate costs by the step-down method (Plant Maintenance first) Allocate costs by the reciprocal methodLO.1 & LO. 3-LO.5 (Activity analysis, ABC; pricing; cost drivers; decision making) Hurley Corporation has identified the following overhead costs and cost drivers for the coming year: Budgeted Budgeted Activity Level Overhead Item Cost Driver Cost Machine setup Number of setups $ 20,000 200 Inspection Number of inspections 130,000 6,500 Material handling Number of material moves 80,000 8,000 Engineering Engineering hours 50,000 1,000 $280,000 The following information was collected on three jobs that were completed dur- ing the year: Job 101 Job 102 Job 103 Direct material $5,000 $12,000 $8,000 Direct labor $2,000 $ 2,000 $4,000 Units completed 100 50 200 Number of setups 4 Number of inspections 20 10 30 Number of material moves 30 10 50 Engineering hours 10 50 10 Budgeted direct labor cost was $100,000, and budgeted direct material cost was $280,000. a. If the company uses activity-based costing, how much overhead cost should be assigned to Job 101? b. If the company uses…Task 6. The following are consumed for the production of one unit: ➤ 18 kg of material A (price 1 € / kg and 3 m²) material B (price 2 € / m²) Direct labour per unit of product Estimated (planned) variable overheads per year Responsibility centre 14,000, € 1: Direct labour 70,000 h ===== ===== Responsibility centre 21 000, € Responsibility centre 1: 20 hours; rate 0,30€/h Responsibility centre 2: 30 hours; rate 0,50€/h Calculates: 1. variable production costs per unit 2. unit cost of production 3. full cost of one unit 2: Direct labour 180 000 h Estimated (planned)fixed overheads and general operating expenses per year Production costs - 100,000 € Selling expenses -30 000 € Administration expenses -15 000 €