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3741 $6,000 84 $100 50512/DLH 5800 3752 542 846 5150 3748 1.558 850 Total Product Cost...
Uepa 120H . Direct labor hours Machine hours Overhead costs Molding Trimming 47,000 DLH 54,000 DLH...
Uepa 120H . Direct labor hours Machine hours Overhead costs Molding Trimming 47,000 DLH 54,000 DLH 32,000 MH3,200 MH $740,000 $550,000 Data for two special order parts to be manufactured by the company in 2017 follow. Part A27C Part X82B 10,600 units 52,000 units Number of units Machine hours Molding Trimming Direct labor hours Molding Trimming 6,200 MH 3,200 MH 1,240 MH 800 MH 4,500 DLH 700 DLH 3,050 DLH 3,500 DLH Required 1. Compute the plantwide overhead rate using...
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per...
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per unit $25 per unit 1.5 DLH per unit 1.1 MH per unit Direct labor hours Machine hours Batches 125 batches 250 batches 10,000 units 10 modifications 2,000 units Volume Engineering modifications Number of customers 50 modifications 500 customers 400 customers 95 per unit per 'unit Market price $35 per unit The company's direct labor rate is $20 per direct labor hour (DLH). Additional information...
Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate...
Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate (LO2-3] Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $10.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 260 $ 100 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is the unit product cost for...
Question: Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates...
Question: Exercise 2-5 Computing Total Job Costs and Unit
Product Costs Using Multiple Predetermined Overhead Rates
[LO2-4]
Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4] Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $13.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job 700: Direct materials...
M u ie unveis Tor its production activities follows Grinding Polishing Product modification Providing power System...
M u ie unveis Tor its production activities follows Grinding Polishing Product modification Providing power System calibration 11,000 machine hours 11,000 machine hours 1,600 engineering hours 15,000 direct labor hours 400 batches Job 3175 130 units 250 MH Job 4286 1,625 units 2,500 MH Number of units Machine hours Engineering hours Batches Direct labor hours 34 eng. 22 eng. hours 25 batches 450 DLH hours 75 batches 4,050 DLH 5. If the company uses a plantwide overhead rate based on...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying...
Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 6,000 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $ 89 per unit Factory overhead $270,800 Direct labor 41 Selling and administrative expenses 95,200 Factory overhead 27 Selling and administrative expenses 21 Total variable cost per unit $178 per unit Smart Stream desires a profit equal to...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost [LO2-2, LO2-3] Newhard Company assigns overhead cost...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost [LO2-2, LO2-3] Newhard Company assigns overhead cost to jobs on the basis of 119% of direct labor cost. The job cost sheet for Job 313 includes $24,348 in direct materials cost and $10,800 in direct labor cost. A total of 1,500 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a. Total...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost (LO2-2, LO2-3] Newhard Company assigns overhead cost...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost (LO2-2, LO2-3] Newhard Company assigns overhead cost to jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 313 includes $9,820 in direct materials cost and $10,900 in direct labor cost. A total of 1,300 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a. Total...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost [LO2-2, LO2-3] Newhard Company assigns overhead cost...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost [LO2-2, LO2-3] Newhard Company assigns overhead cost to jobs on the basis of 119% of direct labor cost. The job cost sheet for Job 313 includes $24,348 in direct materials cost and $10,800 in direct labor cost. A total of 1,500 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a. Total...
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures...
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor Cutting Department Finishing Department $507,000 156,000 192,000 Total $855,000 The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Activity Base Budgeted Activity Cost $237,000 270,000 Production control Number of production runs Number of...
Uepa 120H . Direct labor hours Machine hours Overhead costs Molding Trimming 47,000 DLH 54,000 DLH 32,000 MH3,200 MH $740,000 $550,000 Data for two special order parts to be manufactured by the company in 2017 follow. Part A27C Part X82B 10,600 units 52,000 units Number of units Machine hours Molding Trimming Direct labor hours Molding Trimming 6,200 MH 3,200 MH 1,240 MH 800 MH 4,500 DLH 700 DLH 3,050 DLH 3,500 DLH Required 1. Compute the plantwide overhead rate using...
Product B Product A Direct materials $14 per unit 0.5 DLH per unit 0.4 MH per unit $25 per unit 1.5 DLH per unit 1.1 MH per unit Direct labor hours Machine hours Batches 125 batches 250 batches 10,000 units 10 modifications 2,000 units Volume Engineering modifications Number of customers 50 modifications 500 customers 400 customers 95 per unit per 'unit Market price $35 per unit The company's direct labor rate is $20 per direct labor hour (DLH). Additional information...
Exercise 2-3 Computing Total Job Costs and Unit Product Costs Using a Plantwide Predetermined Overhead Rate (LO2-3] Mickley Company's plantwide predetermined overhead rate is $19.00 per direct labor-hour and its direct labor wage rate is $10.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 260 $ 100 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is the unit product cost for...
Question: Exercise 2-5 Computing Total Job Costs and Unit
Product Costs Using Multiple Predetermined Overhead Rates
[LO2-4]
Exercise 2-5 Computing Total Job Costs and Unit Product Costs Using Multiple Predetermined Overhead Rates (LO2-4] Braverman Company has two manufacturing departments-Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $13.00 per direct labor-hour and 120% of direct materials cost, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job 700: Direct materials...
M u ie unveis Tor its production activities follows Grinding Polishing Product modification Providing power System calibration 11,000 machine hours 11,000 machine hours 1,600 engineering hours 15,000 direct labor hours 400 batches Job 3175 130 units 250 MH Job 4286 1,625 units 2,500 MH Number of units Machine hours Engineering hours Batches Direct labor hours 34 eng. 22 eng. hours 25 batches 450 DLH hours 75 batches 4,050 DLH 5. If the company uses a plantwide overhead rate based on...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost [LO2-2, LO2-3] Newhard Company assigns overhead cost to jobs on the basis of 119% of direct labor cost. The job cost sheet for Job 313 includes $24,348 in direct materials cost and $10,800 in direct labor cost. A total of 1,500 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a. Total...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost (LO2-2, LO2-3] Newhard Company assigns overhead cost to jobs on the basis of 120% of direct labor cost. The job cost sheet for Job 313 includes $9,820 in direct materials cost and $10,900 in direct labor cost. A total of 1,300 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a. Total...
Exercise 2-8 Applying Overhead Cost; Computing Unit Product Cost [LO2-2, LO2-3] Newhard Company assigns overhead cost to jobs on the basis of 119% of direct labor cost. The job cost sheet for Job 313 includes $24,348 in direct materials cost and $10,800 in direct labor cost. A total of 1,500 units were produced in Job 313. Required: a. What is the total manufacturing cost assigned to Job 313? b. What is the unit product cost for Job 313? a. Total...
Activity-Based And Department Rate Product Costing and Product Cost Distortions Black and Blue Sports Inc. manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor Cutting Department Finishing Department $507,000 156,000 192,000 Total $855,000 The activity base associated with the two production departments is direct labor hours. The indirect labor can be assigned to two different activities as follows: Activity Activity Base Budgeted Activity Cost $237,000 270,000 Production control Number of production runs Number of...
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