Homework Answers
| V-1 | V-2 | Total | |
|
Total direct materials cost ( Units produced * Direct materials cost per unit ) |
20000 [ 10000*2 ] |
4000 [ 1000*4 ] |
24000 |
|
Total machine hours ( Units produced * Machine hours per unit ) |
10000 [ 10000*1 ] |
2000 [ 1000*2 ] |
12000 |
|
Production runs |
80 |
40 |
120 |
| a. | ||
| Predetermined overhead rate = Total estimated manufacturing overhead / Total machine hours = 95040 / 12000 | 7.92 | per machine hour |
| V-1 | V-2 | |
|
Overhead allocated |
79200 [ 10000 * 7.92 ] |
15840 [ 2000 * 7.92 ] |
| Unit cost | ||
| V-1 | V-2 | |
| Direct materials cost per unit | 2 | 4 |
|
Overhead cost per unit [ Overhead allocated / Units produced ] |
7.92 [ 79200 / 10000 ] |
15.84 [ 15840 / 1000 ] |
| Unit cost | 9.92 | 19.84 |
| b. | ||
| Overhead rates | ||
| Machine depreciation ( 54000 / 12000 ) | 4.5 | per machine hour |
| Setup labor ( 25200 / 120 ) | 210 | per production run |
| Material handling ( 15840 / 24000 ) | 66% | of direct material cost |
| Overhead allocation | ||
| V-1 | V-2 | |
|
Machine depreciation |
45000 [ 10000*4.5 ] |
9000 [ 2000*4.5 ] |
|
Setup labor |
16800 [ 80*210 ] |
8400 [ 40*210 ] |
|
Material handling |
13200 [ 20000*66% ] |
2640 [ 4000*66% ] |
| Total overhead allocated | 75000 | 20040 |
| Unit cost | ||
| V-1 | V-2 | |
| Direct materials cost per unit | 2 | 4 |
|
Overhead cost per unit [ Overhead allocated / Units produced ] |
7.50 [ 75000/10000 ] |
20.04 [ 20040/1000 ] |
| Unit cost | 9.50 | 24.04 |
| Final answer presentation : | ||
| Unit cost | ||
| V-1 | V-2 | |
| a. Using current costing system | 9.92 | 19.84 |
| b. Using proposed ABC system | 9.50 | 24.04 |
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Upriver Parts manufactures two products, V-1 and V-2, at its River Plant. Selected data for an...
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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.
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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* 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.
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...
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Part 2 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. 33 v-1 10,000 $ 2 pints Units produced Direct materials cost per unit Machine hours per unit Production runs per month V-2 1,000 $ 4 2 40 1 80 eBook Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant...
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. V-1 10,000 $ 2 Units produced Direct materials cost per unit Machine hours per unit Production runs per month V-2 1,000 $ 4 2 40 80 Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant follow. Machine depreciation Setup labor Material handling Total...
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 1,000 4 5 Units produced Direct materials cast per unit Machine hours per unit Production runs per month 80 40 Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the plant follow. Machine depreciation Setup labor Material handling Total $36.000 18,000 14,400...
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...
***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...
Required Information UprIver Parts manufactures two products, V-1 and V-2, at Itss RIver Plant. Selected data for an average month for the two products follow. V-1 V-2 Units produced Direct materials cost per unit Machine hours per unit Production runs per month 1,eee 10,eee $ 2. 4 2 80 40 Production at the plant is automated and any labor cost Is Included in overhead. Data on manufacturing overhead at the plant follow Machine depreciation Setup labor Material handling 93,eee 40,8ee...
* 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...
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