Homework Answers
Budgeted Amounts
Direct Material = 2700*3.6*7.2 = $69,984
Direct Labor = 2700*0.5*16 = $21,600
Overhead = $12,960
Standard Cost of One unit = $38.72
Add Answer to:
QuestIUITO View Policies Current Attempt in Progress Parsons Company is planning to produce 2.700 units of...
Parsons Company is planning to produce 2,000 units of product in 2020. Each unit requires 1.40...
Parsons Company is planning to produce 2,000 units of product in 2020. Each unit requires 1.40 pounds of materials at $7.60 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 80% of direct labor. (a) Compute the budgeted amounts for 2020 for direct materials to be used, direct labor, and applied overhead. Direct materials $ enter a dollar amount Direct labor $ enter a dollar amount Overhead $ enter a dollar amount (b) Compute...
Parsons Company is planning to produce 1,500 units of product in 2017. Each unit requires 1.60...
Parsons Company is planning to produce 1,500 units of product in 2017. Each unit requires 1.60 pounds of materials at $5.00 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor. (a) Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. Direct materials Direct labor 4 Overhead (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places,...
Question 1 View Policies Current Attempt in Progress Tang Company accumulates the following data concerning raw...
Question 1 View Policies Current Attempt in Progress Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.50, freight- in $0.30, and receiving and handling $0.20. (2) Quantity per gallon of finished product-required materials 3.60 pounds, allowance for waste and spoilage 0.90 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) Standard direct materials price per pound of raw materials. $ (b)...
Question 3 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product...
Question 3 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product H by Kingbird Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 46,100 actual direct labor hours worked Overhead rate (variable $5; fixed $1) at normal capacity of 58,300 direct labor hours Standard hours allowed for work done $281.880 $6 47,180 Compute the total overhead variance. Total overhead variance $ e Textbook and Media Attempts: 0 of 15...
Send to Gradebook Next > Question 5 View Policies Current Attempt in Progress In October, Pine...
Send to Gradebook Next > Question 5 View Policies Current Attempt in Progress In October, Pine Company reports 21,300 actual direct labor hours, and it incurs $113,850 of manufacturing overhead costs. Standard hours allowed for the work done is 25,300 hours The predetermined overhead rate is $4.25 per direct labor hour. Compute the total overhead variance. Total Overhead Variance $ e Textbook and Media Attempts: 0 of 3 used Save for Later Submit Answer Send to Gradebook Nect>
Send to Gradebook < Prev Nons --/1 Question 7 View Policies Current Attempt in Progress Stefani...
Send to Gradebook < Prev Nons --/1 Question 7 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials. Each unit of product contains 5.00 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.00 pounds. Materials cost $1 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average 50.25 per pound. Direct labor. Each unit requires 1.70...
Send to Gradebook < Prev I Next > --/18 Question 2 View Policies Current Attempt in...
Send to Gradebook < Prev I Next > --/18 Question 2 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.70 pounds. Materials cost $5 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit...
Question 1 View Policies Current Attempt in Progress Stefani Company has gathered the following information about...
Question 1 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.40 pounds of materials. The average waste and spollage per unit produced under normal conditions is 0.60 pounds. Materials cost $2 per pound, but Stefani always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 1.00 hours of labor. Setup, cleanup, and downtime...
Question 3 View Policies Current Attempt in Progress Roger Corporation manufactures a single product. The standard...
Question 3 View Policies Current Attempt in Progress Roger Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-2 pound plastic at $8.00 per pound $ 16.00 Direct labor-10 hours at $12.00 per hour 12.00 Variable manufacturing overhead 750 Fixed manufacturing overhead 250 Total standard cost per unit $3800 The predetermined manufacturing overhead rate is $10 per direct labor hour ($10.00 1.0). It was computed from a master manufacturing over head budget based...
Send to Gradebook Question 13 View Policies Current Attempt in Progress Manufacturing overhead data for the...
Send to Gradebook Question 13 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product H by Shakira Company, assuming the company uses a standard cost system, are as follows Overhead incurred for 50,600 actual direct labor hours worked Overhead rate (variable $8: fixed $1) at normal capacity of 54,800 direct labor hours Standard hours allowed for work done $461,340 $9 51,560 Compute the total overhead variance. Total overhead variance $ e Textbook and Media Send...
Parsons Company is planning to produce 1,500 units of product in 2017. Each unit requires 1.60 pounds of materials at $5.00 per pound and a half-hour of labor at $16.00 per hour. The overhead rate is 60% of direct labor. (a) Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. Direct materials Direct labor 4 Overhead (b) Compute the standard cost of one unit of product. (Round answer to 2 decimal places,...
Question 1 View Policies Current Attempt in Progress Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw materials-net purchase price $2.50, freight- in $0.30, and receiving and handling $0.20. (2) Quantity per gallon of finished product-required materials 3.60 pounds, allowance for waste and spoilage 0.90 pounds. Compute the following. (Round answers to 2 decimal places, e.g. 1.25.) (a) Standard direct materials price per pound of raw materials. $ (b)...
Question 3 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product H by Kingbird Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 46,100 actual direct labor hours worked Overhead rate (variable $5; fixed $1) at normal capacity of 58,300 direct labor hours Standard hours allowed for work done $281.880 $6 47,180 Compute the total overhead variance. Total overhead variance $ e Textbook and Media Attempts: 0 of 15...
Send to Gradebook Next > Question 5 View Policies Current Attempt in Progress In October, Pine Company reports 21,300 actual direct labor hours, and it incurs $113,850 of manufacturing overhead costs. Standard hours allowed for the work done is 25,300 hours The predetermined overhead rate is $4.25 per direct labor hour. Compute the total overhead variance. Total Overhead Variance $ e Textbook and Media Attempts: 0 of 3 used Save for Later Submit Answer Send to Gradebook Nect>
Send to Gradebook < Prev Nons --/1 Question 7 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials. Each unit of product contains 5.00 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.00 pounds. Materials cost $1 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average 50.25 per pound. Direct labor. Each unit requires 1.70...
Send to Gradebook < Prev I Next > --/18 Question 2 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.70 pounds. Materials cost $5 per pound, but Stefani always takes the 5.00% cash discount all of its suppliers offer. Freight costs average $0.45 per pound. Direct labor. Each unit...
Question 1 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 3.40 pounds of materials. The average waste and spollage per unit produced under normal conditions is 0.60 pounds. Materials cost $2 per pound, but Stefani always takes the 2.00% cash discount all of its suppliers offer. Freight costs average $0.25 per pound. Direct labor. Each unit requires 1.00 hours of labor. Setup, cleanup, and downtime...
Question 3 View Policies Current Attempt in Progress Roger Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-2 pound plastic at $8.00 per pound $ 16.00 Direct labor-10 hours at $12.00 per hour 12.00 Variable manufacturing overhead 750 Fixed manufacturing overhead 250 Total standard cost per unit $3800 The predetermined manufacturing overhead rate is $10 per direct labor hour ($10.00 1.0). It was computed from a master manufacturing over head budget based...
Send to Gradebook Question 13 View Policies Current Attempt in Progress Manufacturing overhead data for the production of Product H by Shakira Company, assuming the company uses a standard cost system, are as follows Overhead incurred for 50,600 actual direct labor hours worked Overhead rate (variable $8: fixed $1) at normal capacity of 54,800 direct labor hours Standard hours allowed for work done $461,340 $9 51,560 Compute the total overhead variance. Total overhead variance $ e Textbook and Media Send...
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 2 hours ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 3 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 5 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 5 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 5 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 6 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 6 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 10 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 10 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago