The following production estimates were made for the coming year: Total quilts to be produced 5 A. 20,000 7. 2,000 Total manufacturing hours available per laborer Total direct laborers 8 3 19 20 The following cost estimates were available at the beginning of the year. Use these estimates to determine total estimated manufacturing overhead during the year: 21 22 Amount Estimate for Year 23 #N/A Production supervisor's salary per week (use 52 weeks in a year) Monthly rent 24 1,000 24 #N/A 643 25 #N/A 643 26 Utilities expense per quarter #N/A Cost per pencil (useful life of each pencil is 20 hours) Cost per scissors (useful life of each pair of scissors is 80 hours) 27 #N/A 119 28 #N/A 62 29 Cost per ruler (usefule life of each ruler is 50 hours) #N/A 0.62 Cost of glue (per quilt) Total Estimated Manufacturing Overhead 30 #N/A 31 32 33 в. Calculate the Predetermined Overhead (PDOH) rate using direct labor hours (DLH) as the cost driver during the year to allocate manufacturing Instructions A M4 Project + Ready

The following production estimates were made for the coming year: Total quilts to be produced 5 A. 20,000 7. 2,000 Total manufacturing hours available per laborer Total direct laborers 8 3 19 20 The following cost estimates were available at the beginning of the year. Use these estimates to determine total estimated manufacturing overhead during the year: 21 22 Amount Estimate for Year 23 #N/A Production supervisor's salary per week (use 52 weeks in a year) Monthly rent 24 1,000 24 #N/A 643 25 #N/A 643 26 Utilities expense per quarter #N/A Cost per pencil (useful life of each pencil is 20 hours) Cost per scissors (useful life of each pair of scissors is 80 hours) 27 #N/A 119 28 #N/A 62 29 Cost per ruler (usefule life of each ruler is 50 hours) #N/A 0.62 Cost of glue (per quilt) Total Estimated Manufacturing Overhead 30 #N/A 31 32 33 в. Calculate the Predetermined Overhead (PDOH) rate using direct labor hours (DLH) as the cost driver during the year to allocate manufacturing Instructions A M4 Project + Ready

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 13E: Eyring Manufacturing produces a component used in its production of washing machines. The time to...

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gagenown/ilm/takeAssignment/takeAssignmentMain.do?invoker=&ta... A Q eBook Activity Fabrication Assembly Setup Inspecting Production scheduling Purchasing Activity Rate $24 per machine hour $13 per direct labor hour $50 per setup $28 per inspection $14 per production order $11 per purchase order The activity-base usage quantities and units produced for each product were as follows: Elliptical Machines Treadmill 1,687 419 53 Activity Base Machine hours Direct labor hours Setups Elliptical Machines Treadmill 4 Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: C 101 Print Item % 15 5 732 $ Inspections Production orders Purchase orders 198 Units produced 286 Use the activity rate…
in Feed | LinkedIn studenthomeworks.... Hours Calculator: S... Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. Oa. $384,200 Ob. $731,700 Oc. $187,900 Od. $543,800 Chock M. Marl البال ghmentSessionLocator=&inprogress=false Login to Applicant... 3 BMTX: Card Status South University Disney+ | Movies a... W a O 2 46°F Previous 4x » (? Next ENG 10:09 PM US 3/25/2023
Cicleta Manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. Receiving and assembly are necessary activities; expediting and storing goods are unnecessary. The following data pertain to the four activities for the year ending 20x1 (actual price per unit of the activity driver is assumed to be equal to the standard price): Activity Activity Driver SQ AQ SP Receiving Receiving orders 13,600 16,500 $24 Assembly Labor hours 69,000 82,500 17 Expediting Orders expedited 0 5,500 57 Storing Number of units 0 11,000 8 Assume that at the beginning of 20x2, Cicleta trained the assembly workers in a new approach that had the objective of increasing the efficiency of the assembly process. Cicleta also began moving toward a JIT purchasing and manufacturing system. When JIT is fully implemented, the demand for expediting is expected to be virtually eliminated. It…
Cicleta Manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. Receiving and assembly are necessary activities; expediting and storing goods are unnecessary. The following data pertain to the four activities for the year ending 20x1 (actual price per unit of the activity driver is assumed to be equal to the standard price): Activity Activity Driver SQ AQ SP Receiving Receiving orders 12,000 18,000 $21 Assembly Labor hours 75,000 90,000 15 Expediting Orders expedited 0 6,000 50 Storing Number of units 0 12,000 7 Assume that at the beginning of 20x2, Cicleta trained the assembly workers in a new approach that had the objective of increasing the efficiency of the assembly process. Cicleta also began moving toward a JIT purchasing and manufacturing system. When JIT is fully implemented, the demand for expediting is expected to be virtually eliminated. It…
Chem Co manufacture a single product, product W, and have provided you with the following information which relates to the period which has just ended.Standard cost per unit of product WMaterials:Material F: 15kgx$4/kg= $60Material G: 12kgx$3/kg=$ 36Material H: 8kgx $6/kg=$ 48Labour:Department P: 4 hours x $10 per hour = $40Department Q: 2 hours x $6 per hour = $12Budgeted sales for the period are 4,500 units at $260 per unit. There were no budgeted opening or closing inventories of product W.The actual materials used were as follows.Materials: Material Price per kiloTotal KilosMaterial F: 59,800kg x $4.25/kg=$254,150Material G: 53,500kg x $2.80/kg= $149,800Material H: 33,300kg x $6.40/kg= $213,1204,100 units of product W were produced and sold for $1,115,800.Required(a) calculate the sales variance(b) comment on your findings to help explain what has happened to the yield variance.
Course: Accounting for Decision Making and Control The West Point plan of Walkers Electronics Company has the following standards for component C91: Standards: Material 2 units of material B Material Price $10 per unit of B Direct labor 1 hour Wage rate $10 per direct labour hour Variable support cost rate $25 per direct labour hour Actual results for March Used 4,200 units of B, purchased at $9.75 per unit of B Paid for 2,000 direct labour hours at $11 per hour Incurred $48,000 of variable support costs Manufactured 2,000 units of component C91 Required: Determine any (5) five of following variances for March: Total direct material…
Cornerstones of Cost Management 4th Ed. - Chapter 4 Scenario IV: Goodmark Company produces two types of birthday cards: scented and regular. Expected product data for the coming year are given below. Overhead costs are identified by activity. Scented Cards Regular Cards Total Units produced 20,000 200,000 - Prime costs $160,000 $1,500,000 $1,660,000 Direct labor hours 20,000 160,000 180,000 Number of setups 60 40 100 Machine hours 10,000 80,000 90,000 Inspection hours 2,000 16,000 18,000 Number of moves 180 120 300 Overhead costs: Setting up equipment $240,000 Moving materials 120,000 Machining 200,000 Inspecting products 160,000 Required: 1. Answer the following questions: a. Calculate the activity consumption ratios for Scented cards (round to two decimal places). Setups: Moving materials: Machining: Inspection: b. If only one rate based on direct labor hours were used to assign overhead, Scented Cards would receive…
S Proctoring Enabled: Test 2 6 The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced Req 1 11,000 Each unit requires 0.30 direct labor-hours and direct laborers are paid $12.50 per hour. In addition, the variable manufacturing overhead rate is $2.05 per direct labor-hour. The fixed manufacturing overhead is $90,000 p quarter. The only noncash element of manufacturing overhead is depreciation, which is $30,000 per quarter. Req 2 and 3 Required: 1. Calculate the company's total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole 2&3. Calculate the company's total estimated manufacturing overhead cost and the cash disbursements for manufacturing overhe for each quarter of the upcoming fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below. 10,000 Total direct labor cost…
View Go Tools Window Help Edit Preview File ABC AASSIGNMENT NO.1 BUSS 104.pdf (page 4 of 4) Q Search Question 5: The Information below is taken from production department of Salalah Company for April: The number of units produced is 10000. All amounts are in OMR. Total Costs 500000 Variable Cost Fixed Cost Direct material cost Total labor cost 400000 30000 100000 Manufacturing Overhead 90000 Calculate: A. Find the missing information in the above table. Some values may not be applicable, explain. B. Calculate cost per unit C. Describe the production costs in the equation form Y= f+vX. D. Assume Salalah intends to produce 10000 units next month. Calculate total production costs for the month Question 6: Find the missing information for diff.
[The following information applies to the questions displayed below.] A manufactured product has the following information for June. Standard Quantity and Cost Actual Results Direct materials 7 pounds @ $7 per pound 58,600 pounds @ $7.20 per pound Direct labor 2 DLH @ $16 per DLH 16,300 hours @ $16.50 per hour Overhead 2 DLH @ $12 per DLH $ 205,500 Units manufactured 8,300 units (1) Prepare the standard cost card showing standard cost per unit.(2) Compute total budgeted cost for June production.(3) Compute total actual cost for June production.(4) Compute total cost variance for June. Compute total budgeted cost for June production. Total budgeted (standard) cost Compute total actual cost for June production. Actual cost Compute total cost variance for June. (Indicate the effect of the variance by selecting…
The following data are used for questions 3 to 12 The Big Book Company builds wooden bookshelf wall units. The company's standard costs are: Wood Trim Direct labor Variable overhead Fixed overhead 25 pounds at P6.40 per pound 8 pounds at P10.00 per pound 5 hours at P12.00 per hour P 30.00 per unit P.130,000 per period, applied at the rate of P20.00 per unit A recent month's transactions were: 160,000 pounds of wood were purchased at P6.50 per pound; 50,000 pounds of trim were purchased at P9.60 per pound. 155,000 pounds of wood were issued to production; 48,500 pounds of trim were issued to production. Direct labor incurred was 31,000 hours at an average cost of P 11.50 per hour. Overhead costs were P302,000, of which P 181,000 were variable. Six thousand units were produced during the month.
solve a and b. Fine Lumber Inc. mills and finishes furniture kits. A certain kit requires the following: Direct materials standard: 2 square yards at $13.50 per yard Direct manufacturing labor standard: 1.5 hours at $20.00 per hour During the third quarter, the company made 1,500 kits and used 3,150 square yards of wood costing $42,600. Direct labor totaled 2,100 hours for $46,150. Required: a.Use a worksheet to compute the following variances and indicate whether each variance is favorable or unfavorable: direct materials price and efficiency variances for the quarter, and b. direct manufacturing labor price and efficiency variances for the quarter.