The standard cost sheet for Chambers Company, which manufactures one product, follows: $ 100 100 Direct...
The standard cost sheet for Chambers Company, which manufactures one product, follows: Direct materials, 40 yards at $3.00 per yard $ 120 Direct labor, 5 hours at $30 per hour 150 Factory overhead applied at 70% of direct labor (variable costs = $70; fixed costs = $35) 105 Variable selling and administrative 74 Fixed selling and administrative 50 Total unit costs $ 499 Standards have been computed based on a master budget activity level of 29,800 direct labor-hours...
The standard cost sheet for Chambers Company, which manufactures one product, follows: Direct materials, 30 yards at $2.50 per yard $ 75 Direct labor, 4 hours at $25 per hour 100 Factory overhead applied at 80% of direct labor 80 (variable costs = $60; fixed costs = $20) Variable selling and administrative 67 Fixed selling and administrative 43 Total unit costs $ 365 Standards have been computed based on a master budget activity level of 29,100 direct labor-hours...
The standard cost sheet for Chambers Company, which manufactures one product, follows: Direct materials, 30 yards at $2.00 per yard Direct labor, 6 hours at $25 per hour Factory overhead applied at 7e% of direct labor (variable costs = $75; fixed costs $30) Variable selling and administrative Fixed selling and adminisstrative $ 60 158 105 88 56 451 Total unit costs Standards have been computed based on a master budget activity level of 30.400 direct labor-hours per month. Actual activity...
The (partial) cost sheet for the single product manufactured at Vienna Company follows. Direct labor Variable overhead Fixed overhead (6 hours @ $20) (6 hours @ $2) (6 hours @ $4) $120 12 24 The master budget level of production is 60,000 direct-labor hours, which is also the production volume used to compute the fixed overhead application rate. Other information available for operations over the past accounting period include the following. Actual variable overhead incurred Actual fixed overhead incurred Direct...
The (partial) cost sheet for the single product manufactured at Vienna Company follows. Direct labor Variable overhead Fixed overhead (9 hours (9 hours (9 hours 525) $2) $4) $225 18 The master budget level of production is 66,000 direct-labor hours, which is also the production volume used to compute the fixed overhead application rate. Other information available for operations over the past accounting period include the following. Actual variable overhead incurred Actual fixed overhead incurred Direct labor efficiency variance Variable...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct material: 5 pounds at $10.00 per pound$50.00Direct labor: 3 hours at $17 per hour51.00Variable overhead: 3 hours at $7 per hour21.00Total standard variable cost per unit$122.00 The company also established the following cost formulas for its selling expenses: Fixed Cost per MonthVariable Cost per Unit SoldAdvertising$330,000Sales salaries and commissions$360,000$25.00Shipping expenses$16.00 The planning budget for March was...
The (partial) cost sheet for the single product manufactured at Vienna Company follows. Direct labor (25 hours @ $25) $ 625 Variable overhead (25 hours @ $2) 50 Fixed overhead (25 hours @ $4) 100 The master budget level of production is 98,000 direct-labor hours, which is also the production volume used to compute the fixed overhead application rate. Other information available for operations over the past accounting period include the following. Actual variable overhead incurred $ 148,000 Actual fixed...
Barley Hopp, Inc., manufactures custom-ordered commemorative beer steins. Its standard cost information follows: Standard Quantity 1.68 lbs 1.6e hrs. Standard Price (Rate) $ 1.70 per lb. $16.00 per hr. Standard Unit Cost $ 2.72 25.68 Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($374,000.e0 +170,e00.00 units) $ 1.38 per hr. 1.60 hrs. 2.08 2.20 Barley Hopp had the following actual results last year Number of units produced and sold Number of pounds...
Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Quantity Standard Price (Rate) Standard Unit Cost Direct materials (fiberglass) 15 sq. ft. $ 5 per sq. ft. $ 75.00 Direct labor 10 hrs. $ 15 per hr. 150.00 Variable manufacturing overhead (based on direct labor hours) 10 hrs. $ 6 per hr. 60.00 Fixed manufacturing overhead ($24,000 รท 300 units) 80.00 Rip Tide has the following actual results for the month of June: Number of units produced and...
Rip Tide Company manufactures surfboards. Its standard cost information follows: Standard Quantity 15 sq. ft. 10 hrs. Standard Price (Rate) $5 per sq. ft. $15 per hr. Standard Unit Cost $ 75.00 150.89 Direct materials (fiberglass) Direct labor Variable manufacturing overhead (based on direct labor hours) Fixed manufacturing overhead ($24,600 + 300 units) 10 hrs. $ 6 per hr. 60.00 80.00 Rip Tide has the following actual results for the month of June 323 Number of units produced and sold...