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For many years, Sinclair Graphic Design has provided design and digital printing services for indoor banners....
Harrison Company makes two products and uses a conventional costing system in which a single plantwide,...
Harrison Company makes two products and uses a conventional costing system in which a single plantwide, predetermined overhead rate is computed based on direct labour-hours. Data for the two products for the upcoming year follow: Rascon 5 29.60 $ 14.70 70 29,000 Parcel $ 23.00 $ 4.20 Direct materials cost per unit Direct labour cost per unit Direct labour-hours per unit Number of units produced 40 120.000 These products are customized to some degree for specific customers. Required: 1. The...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago,...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. The LEC 90 is a more complex product, requiring 0.60 hours of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor...
Knowledge Check 01 Helio Company has two products: A and B. The annual production and sales...
Knowledge Check 01 Helio Company has two products: A and B. The annual production and sales of Product A is 1,850 units and of Product B is 1,250 units. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Product A requires 0.3 direct labor-hours per unit and Product B requires 0.6 direct labor-hours per unit. The total estimated overhead for next period is $100,485. What is the company's predetermined overhead rate? Answer...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago,...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. The LEC 90 is a more complex product, requiring 0.60 hours of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor...
Consider the following data for two products of Gitano Manufacturing (Loss amounts should be indicated w...
Consider the following data for two products of Gitano Manufacturing (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and OH rate and cost per unit" answers to 2 decimal places.) Number of units produced Direct labor cost (329 per DLH) Direct materials cost Product 11,000 units 0.12 DLH per unit $ 2.30 per unit Products 1.500 units 0.27 DH per unit $ 2.70 per unit Overhead costs Activity Machine setup Materials handling Quality control inspections...
Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with...
Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and "OH rate and cost per unit" answers to 2 decimal places) Number of units produced Direct labor cost (@ $24 per DLH) Direct materials cost Product A 11,500 units 0.20 DLH per unit $ 2.40 per unit Product B 1,500 units 0.27 DLH per unit $ 2.70 per unit Activity Machine setup Materials handling Quality control...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two products of Gitano Manufacturing (Loss amounts should be indicated with a minus sign. Round "OH rate and cost per unit" answers to 2 decimal places.) Product Products Number of units produced 10,000 units 2,000 units Direct labor cost (e $24 per ) 0.20 DLH per unit 0.25 DLH per unit Direct materials cost $ 2 per unit $ 3 per unit Activity Machine setup...
Exercise 7-16 Comprehensive Activity-Based Costing Exercise (LO2, LO3, LO4] Cancico Communications has supplied the following data...
Exercise 7-16 Comprehensive Activity-Based Costing Exercise (LO2, LO3, LO4] Cancico Communications has supplied the following data for use in its ABC system: Overhead Costs Wages and salaries Other overhead costs $ 280,000 157,000 Total overhead costs $437,000 Activity Cost Pool Direct labour support Order processing Customer support Other Activity Measure Number of direct labour-hours Number of orders Number of customers These costs are not allocated to products or customers Total Activity 7,955 DLHS 450 orders 200 customers NA Distribution of...
Exercise 7-16 Comprehensive Activity-Based Costing Exercise (LO2, LO3, LO4] Cancico Communications has supplied the following data...
Exercise 7-16 Comprehensive Activity-Based Costing Exercise (LO2, LO3, LO4] Cancico Communications has supplied the following data for use in its ABC system: 25 Overhead Costs Wages and salaries Other overhead costs points $295,000 163,000 Total overhead costs $458,000 eBook References Activity Cost Pool Direct labour support Order processing Customer support Other Activity Measure Number of direct labour-hours Number of orders Number of customers These costs are not allocated to products or customers Total Activity 12,110 DLHS 500 orders 120 customers...
Exercise 7-9 Computing Activity-Based Costing Product Costs (LO2, LO3] High-Calibre Products Corporation makes t...
Exercise 7-9 Computing Activity-Based Costing Product Costs (LO2, LO3] High-Calibre Products Corporation makes two products: titanium rims and posts. Data regarding the two products follow: Direct Labour- Hours per Unit 0.60 @.30 Annual Production 38,000 units 170,000 units Rims Posts Additional information about the company follows: a. Rims require $15 in direct materials per unit and posts require $8. b. The direct labour wage rate is $16 per hour. c. Rims are more complex to manufacture than posts, and they...
Harrison Company makes two products and uses a conventional costing system in which a single plantwide, predetermined overhead rate is computed based on direct labour-hours. Data for the two products for the upcoming year follow: Rascon 5 29.60 $ 14.70 70 29,000 Parcel $ 23.00 $ 4.20 Direct materials cost per unit Direct labour cost per unit Direct labour-hours per unit Number of units produced 40 120.000 These products are customized to some degree for specific customers. Required: 1. The...
For many years, Thomson Company manufactured a single product called LEC 40. Then three years ago, the company automated a portion of its plant and at the same time introduced a second product called LEC 90 that has become increasingly popular. The LEC 90 is a more complex product, requiring 0.60 hours of direct labor time per unit to manufacture and extensive machining in the automated portion of the plant. The LEC 40 requires only 0.20 hours of direct labor...
Knowledge Check 01 Helio Company has two products: A and B. The annual production and sales of Product A is 1,850 units and of Product B is 1,250 units. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Product A requires 0.3 direct labor-hours per unit and Product B requires 0.6 direct labor-hours per unit. The total estimated overhead for next period is $100,485. What is the company's predetermined overhead rate? Answer...
Consider the following data for two products of Gitano Manufacturing (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and OH rate and cost per unit" answers to 2 decimal places.) Number of units produced Direct labor cost (329 per DLH) Direct materials cost Product 11,000 units 0.12 DLH per unit $ 2.30 per unit Products 1.500 units 0.27 DH per unit $ 2.70 per unit Overhead costs Activity Machine setup Materials handling Quality control inspections...
Consider the following data for two products of Gitano Manufacturing. (Loss amounts should be indicated with a minus sign. Round your intermediate calculations and "OH rate and cost per unit" answers to 2 decimal places) Number of units produced Direct labor cost (@ $24 per DLH) Direct materials cost Product A 11,500 units 0.20 DLH per unit $ 2.40 per unit Product B 1,500 units 0.27 DLH per unit $ 2.70 per unit Activity Machine setup Materials handling Quality control...
Exercise 17-10 Using ABC for strategic decisions LO P1, P3 Consider the following data for two products of Gitano Manufacturing (Loss amounts should be indicated with a minus sign. Round "OH rate and cost per unit" answers to 2 decimal places.) Product Products Number of units produced 10,000 units 2,000 units Direct labor cost (e $24 per ) 0.20 DLH per unit 0.25 DLH per unit Direct materials cost $ 2 per unit $ 3 per unit Activity Machine setup...
Exercise 7-16 Comprehensive Activity-Based Costing Exercise (LO2, LO3, LO4] Cancico Communications has supplied the following data for use in its ABC system: Overhead Costs Wages and salaries Other overhead costs $ 280,000 157,000 Total overhead costs $437,000 Activity Cost Pool Direct labour support Order processing Customer support Other Activity Measure Number of direct labour-hours Number of orders Number of customers These costs are not allocated to products or customers Total Activity 7,955 DLHS 450 orders 200 customers NA Distribution of...
Exercise 7-16 Comprehensive Activity-Based Costing Exercise (LO2, LO3, LO4] Cancico Communications has supplied the following data for use in its ABC system: 25 Overhead Costs Wages and salaries Other overhead costs points $295,000 163,000 Total overhead costs $458,000 eBook References Activity Cost Pool Direct labour support Order processing Customer support Other Activity Measure Number of direct labour-hours Number of orders Number of customers These costs are not allocated to products or customers Total Activity 12,110 DLHS 500 orders 120 customers...
Exercise 7-9 Computing Activity-Based Costing Product Costs (LO2, LO3] High-Calibre Products Corporation makes two products: titanium rims and posts. Data regarding the two products follow: Direct Labour- Hours per Unit 0.60 @.30 Annual Production 38,000 units 170,000 units Rims Posts Additional information about the company follows: a. Rims require $15 in direct materials per unit and posts require $8. b. The direct labour wage rate is $16 per hour. c. Rims are more complex to manufacture than posts, and they...
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