The total prime cost of a product was OMR7,000. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is four times the direct labor cost per hour. The fixed manufacturing overhead was OMR4,000. Assuming that direct labor hours were 550 and that the direct labor cost was 40% of direct materials cost, how much is the total manufacturing cost? Select one: a. OMR35,000 O b. OMR39,000 OC OMR20,000 O d. OMR19,000 e. OMR11,000
Q: The total prime cost of a product was OMR7,000. The variable manufacturing overhead is calculated…
A: Direct labor cost = 40% of direct Material cost Prime cost = direct Material cost + 0.40 direct…
Q: In a manufacturing company, the fixed cost is 8,640. The cost of a labour per unit is RO 12, the…
A: Units Produced = 800 Labour Cost = RO 12 Per unit Cost Of material = RO 3 Per unit Cost of…
Q: Cool Pool has these costs associated with production of 25,610 units of accessory products: direct…
A: Under absorption method, fixed manufacturing overhead is considered as product cost.
Q: Consider the following information for company XYZ (shoe manufacturer): The relevant range is 7,000…
A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…
Q: Tirri Corporation has provided the following information: Direct materials Cost per Unit Cost per…
A: Concept: In this case, the COGS is the cost of sales and at the break-even point sales we recover…
Q: Schwiesow Corporation has provided the following information: Cost per Unit Cost per Period Direct…
A: Total manufacturing overhead cost: This cost means that all cost which is related to the goods…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Manufacturing Overhead: The cost of manufacturing overhead, often known as MOH, is the aggregate of…
Q: The total prime cost of a product was OMR4,400. The variable manufacturing overhead is calculated…
A: Given Total Prime Cost = OMR 4400 Fixed Overhead Cost = OMR 1500 Total Manufacturing Cost =…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Prime cost means the addition of direct material and direct labor and other direct expenses.…
Q: Using the information below, what is the cost per unit under both variable and absorption costing?…
A: Fixed Manufacturing Overhead per unit = Fixed Manufacturing Overhead / Production =…
Q: The total prime cost of a product was $4,500. The variable manufacturing overhead is calculated…
A: Formula: Prime cost = Direct materials + Direct labor
Q: Cost data relating to the single product produced by the firm are given as: Direct materials→₱8.00;…
A: Per Unit Produced cost under absorption costing = Direct Material + Direct labor + Variable…
Q: Dake Corporation's relevant range of activity is 3,000 units to 5,000 units. When it produces and…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: The following information was collected from the accounting records of the Part SX9 for 3,000 units:…
A: Total cost per unit can be calculated all costs divided by number of units.
Q: Kubin Company's relevant range of production is 25,000 to 33,500 units. When it produces and sells…
A: Product cost an period cost: Product costs include all the costs that are involved in making a…
Q: Given the following data, calculate product cost per unit under absorption costing. dir labor:…
A: In absorption costing we consider fixed overhead also as cost of product.
Q: Donovan Company incurred the following costs while producing 500 units: direct materials, $10 per…
A: Definition: Variable costing: It refers to the method of product costing in which the price of the…
Q: Company XYZ is currently producing AND selling 10,000 units of product A. At this level, the total…
A: Solution- Particulars Amount Amount Sales (10000 * 20) 200000 Less Variable cost-…
Q: Preble Company manufactures one product. Its variable manufacturing overhead is applied to…
A: In standard costing, an expected cost is used in place of an actual cost in the accounting records.…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Cost of goods manufactured: Cost of goods manufactured means total manufacturing costs; including…
Q: Rose Company has a relevant range of production between 9,000 and 25,000 units. The following cost…
A: Formula: Total manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing…
Q: The total prime cost of a product was OMR4,400. The variable manufacturing overhead is calculated…
A: Prime cost is the sum total of expenses incurred on materials and labour expenses. Manufacturing…
Q: artinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: The question is based on the concept of Cost Accounting. Fixed cost is the cost that remains the…
Q: Pedregon Corporation has provided the following information: Cost per Unit Cost per PeriodDirect…
A: Cost is the amount incurred for producing a product. Cost includes variable cost and fixed cost.…
Q: t was $25,000. Assume that direct labor cost is three times the direct the direct materials cost.…
A: The prime cost is the sum total of direct materials and direct labor. Whereas the conversion cost is…
Q: Huns Company's 2021 fixed manufacturing overhead costs totaled 120,000 and variable selling costs…
A:
Q: Using the information below from Planters, Inc., what is the cost per un under both variable and…
A: Using absorption costing, the product cost comprises of fixed and variable cost. Using variable…
Q: Schwiesow Corporation has provided the following information: Cost per Cost per Unit Period Direct…
A: Total manufacturing overhead is the sum of fixed manufacturing overhead and the variable…
Q: Fleurant, Inc., manufactures and sells two products: Product W2 and Product P8. Data concerning the…
A: First, compute the activity rates for each activity as shown below:
Q: If 4000 units are sold, the total variable cost is closest to:
A: Total Variable Cost = Direct Material + Direct Labor + Variable Manufacturing + Sales Commission +…
Q: A business operated at 100% of capacity during its first month, with the following results: Sales…
A:
Q: The following costs have been estimated based on sales of 30,000 units: Total Annual Costs…
A: Particulars Percent That Is Variable Variable Cost Fixed Cost Direct materials 100% 300000 0…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Contribution margin refers to the amount that shows the amount of revenue after deducting the…
Q: Chris Company produced and sold 1,000 units during its first month of the following cost and…
A: Ans. Selling and Administrative costs are not allocated to the product cost.
Q: .Pedregon Corporation has provided the following information: Cost per Unit Cost per Period…
A: The cost can be classified into two categories i.e fixed cost and variable cost. The FIxed cost…
Q: The following information is for a company that produced 10,000 units and sold 9,0000 units during…
A: Solution: The difference in variable cost and absorption is that of treatment of fixed manufacturing…
Q: The prime cost for company XYZ was $28,000, while the conversion cost was $35,000. Assume that…
A: Given Data: Prime Cost = $28,000 Conversion Cost = $35,000 Direct Labor Cost = 3 x Direct Material…
Q: Under absorption costing, a company had the following unit costs when 9,000 units were produced.…
A: In variable costing method only the variable cost of the product are taken in to account like direct…
Q: Perteet Corporation's relevant range of activity is 8,400 units to 16,000 units. When it produces…
A: SOLUTION- Manufacturing overhead is all indirect costs incurred during the production process. This…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Several type of costs are being incurred and recorded in cost accounting. Direct costs are costs…
Q: Schwiesow Corporation has provided the following information: Cost per Unit Cost per Period…
A: Manufacturing overhead costs are those costs which are indirectly related to factory or…
Q: Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost…
A: Direct materials $ 12 Direct labor $ 10 Indirect material $ 2 Variable…
Q: Balerio Corporation's relevant range of activity is 8,000 units to 12,000 units. When it produces…
A: Lets understand the basics. Product cost is a cost which is incurred to manufacture product. This…
Q: The fixed cost of a ceramic company is 1800 OMR. The raw material cost is 12 RO per unit, cost of…
A: Total cost = (Raw material + labor cost + overhead cost) x no. of units produces + Fixed costs
Q: A company expects to manufacture 7,000 units. Its direct material costs are $10 per unit, direct…
A: Per unit cost as per variable costing is as follows; Per unit cost = Direct material + Direct labor…
Q: The fixed costs in a manufacturing company is RO 3000. The cost of raw material is 4 RO per unit,…
A: Formula: Total cost =Variable cost + fixed cost Both variable and fixed cost derives the total cost.
Q: Given the following information, compute the total number of units for the period: Direct Labor…
A: SOLUTION- FORMULA- TOTAL MANUFACTURING COST= DIRECT MATERIAL COST + DIRECT LABOR COST + VARIABLE…
Q: The following Information relates to a company with a relevant range of activity from 10,000 units…
A: Variable Cost - It is the cost which changes based on the quantity of goods and service produce…
Q: XYZ Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and…
A: Hi student, Since you have posted a question with multiple subparts, we will solve first three…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: If 8,000 units are produced, Variable Manufacturing overhead = 8,000*1.60 = 12,800 Fixed…
Step by step
Solved in 2 steps
- The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
- Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?Rex Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: What is the activity rate for each cost pool?Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following cost data represents average variable costs per unit for 25,000 units of production. Using the costs data from Rose Company, answer the following questions: A. If 15,000 units are produced, what is the variable cost per unit? B. If 28,000 units are produced, what is the variable cost per unit? C. If 21,000 units are produced, what are the total variable costs? D. If 29,000 units are produced, what are the total variable costs? E. If 17,000 units are produced, what are the total manufacturing overhead costs incurred? F. If 23,000 units are produced, what are the total manufacturing overhead costs incurred? G. If 30,000 units are produced, what are the per unit manufacturing overhead costs incurred? H. If 15,000 units are produced, what are the per unit manufacturing overhead costs incurred?
- Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?Rocks Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: Â What is the activity rate for each cost pool?Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?
- The total prime cost of a product was OMR6,500. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is five times the direct labor cost per hour. The fixed manufacturing overhead was OMR4,500. Assuming that direct labor hours were 600 and that the direct labor cost was 30% of direct materials cost, how much is the total manufacturing cost? Select one: O a. OMR18,500 O b. OMR11,000 O c. OMR43,500 O d. OMR16,500 O e. OMR39,000The total prime cost of a product was OMR3,900. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is five times the direct labor cost per hour. The fixed manufacturing overhead was OMR2,500. Assuming that direct labor hours were 400 and that the direct labor cost was 30% of direct materials cost, how much is the total manufacturing cost? Select one: O a OMR25,900 Ob. OMR23,400 O COMR6,400 d. OMR10,900 e. OMR25,000The total prime cost of a product was OMR8,400. The variable manufacturing overhead is calculated based on the number of direct labor hours. The variable manufacturing overhead cost per hour is three times the direct labor cost per hour. The fixed manufacturing overhead was OMR5,500. Assuming that direct labor hours were 700 and that the direct labor cost was 40% of direct materials cost, how much is the total manufacturing cost? Select one: O a. OMR17,100 O b. OMR33,600 Oc. OMR39,100 O d. OMR21,100 O e. OMR13,900