Homework Answers
Total machine hours needed = 10,000 x 1 + 1,000 x 2
= 10,000+2,000
= 12,000
Total production run needed = 80+40
= 120
Total direct material cost = 10,000 x 2 + 1,000 x 4
= 20,000+4,000
= $24,000
a.
Overhead rate = Total overhead / Total machine hours
= 152,760/12,000
= $12.73 per machine hour
b.
Machine depreciation rate = Machine depreciation / Total machine hours
= 93,000/12,000
= $7.75 per machine hour
Setup labor rate = Setup labor / Production run
= 40,800/120
= $340 per production run
Material handling rate = Material handling / Direct material cost
= 18,960/24,000
= 79%
| a. | Overhead rate | 12.73 | per machine hour |
| b. | Machine depreciation | 7.75 | per machine hour |
| Setup labor | 340 | per production run | |
| Material handling | 79 | % direct material cost |
Kindly comment if you need further assistance. Thanks
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Required information Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data...
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***5.70 is correct. However, machine depreciation, setup labor, material handling aren't. Required information Upriver Parts manufactures...
***5.70 is correct. However, machine depreciation, setup labor,
material handling aren't.
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* I have posted this question before and the first screenshot was what he/she posted. I...
* I have posted this question before and the first screenshot
was what he/she posted. I tried that but it was wrong.
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Part 1 of 2 Required information Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data for an average month for the two products follow. 3.33 points Units produced Direct materials cost per unit Machine hours per unit Production runs per month V-1 10,000 $ 2 1 80 V-2 1,000 $ 4 2 40 eBook Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant...
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***5.70 is correct. However, machine depreciation, setup labor,
material handling aren't.
Required information Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data for an average month for the two products follow. Units produced Direct materials cost per unit Machine hours per unit Production runs per month V-1 10,000 $ 2 1 80 V-2 1,000 $ 4 2 40 Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing...
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Required information Exercise 9-38 and 9-39 (Algo) Upriver Parts manufactures two products, V-1 and V-2, at its River Plant Selected data for an average month for the two products follow V-1 10,000 $ 2 V-2 1.ee $ Units produced Direct materials cost per unit Machine hours per unit Production runs per month Production at the plant is automated and any labor cost is included in overhead Data on manufacturing overhead at the plant follow $54,000 25,200 Machine depreciation Setup labor...
* I have posted this question before and the first screenshot
was what he/she posted. I tried that but it was wrong.
Expert Answer avdhesh answered this 9,930 answers Was this answer helpful? Was this answer helpful? Bo Be a) Unit product cost V2 Direct material Overhead (5.7*2) 11.40 Unit product cost 15.40 View comments (1) ► Required information Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data for an average month for the two...
Required information [The following information applies to the questions displayed below.] Knickknack, Inc. manufactures two products: Odds and Ends. The firm uses a single, plantwide overhead rate based on direct-labor hours. Production and product-costing data are as follows: Odds $ Production quantity Direct material Direct labor (not including setup time) Manufacturing overhead 40 20 (2 hr. at $15) 96 (2 hr. at $48) 166 Ends 5,000 units $ 60 15 (3 hr. at $15) 144 (3 hr. at $48) $...
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