Homework Answers
| a.Using Plantwide rate | ||
| Baseball | Tennis | |
| Sales Revenue | 2,700,000 | 1,800,000 |
| Direct Labor | 500,000 | 250,000 |
| Direct Material | 1,100,000 | 550,000 |
| Overheads | 1,000,000 | 500,000 |
| Profit | 100,000 | 500,000 |
| b.Using Department Allocation Rate | ||
| Baseball | Tennis | |
| Sales Revenue | 2,700,000 | 1,800,000 |
| Direct Labor | 500,000 | 250,000 |
| Direct Material | 1,100,000 | 550,000 |
| Overheads | 750,000 | 750,000 |
| Profit | 350,000 | 250,000 |
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Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department T produces the tennis rackets. Munoz currently uses plantwide allocation to allocate its overhead to all products. Direct labor cost is the allocation base. The rate used is 150 percent of direct labor cost. Last year, revenue, materials, and direct labor were as follows. Sales revenue Direct labor Direct materials Baseball Bats Tennis Rackets $1,460,000 $950,000 300,000 150,000 557,000 281,000 Required: a. Compute...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department T produces the tennis rackets. Munoz currently uses plantwide allocation to allocate its overhead to all products. Direct labor cost is the allocation base. The rate used is 100 percent of direct labor cost. Last year, revenue, materials, and direct labor were as follows Baseball Bats Tennis Rackets Sales revenue Direct labor Direct $1,530,000 290,000 $1,000,eee 145,000 554,00e 288,000 materials Required: a. Compute...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Dep...
Munoz Sporting Equipment manufactures baseball bats and tennis
rackets. Department B produces the baseball bats, and Department T
produces the tennis rackets. Munoz currently uses plantwide
allocation to allocate its overhead to all products. Direct labor
cost is the allocation base. The rate used is 150 percent of direct
labor cost. Last year, revenue, materials, and direct labor were as
follows.
Baseball Bats
Tennis Rackets
Sales revenue
$
1,460,000
$
950,000
Direct labor
300,000
150,000
Direct materials
557,000
281,000
Required:...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces baseball bats, and Department...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces baseball bats, and Department T produces the tennis rackets. Munoz currently uses plantwide allocation to allocate its overhead to all products. Direct labor cost is the allocation base. The rate used is 200 percent of direct labor costs. Last year, revenue, materials, and direct labor were as follows: Baseball Bats Tennis Rackets Sales Revenue $2,700,000 $1,800,000 Direct Labor 500,000 250,000 Direct Materials 1,100,000 550,000 Required a. Compute the...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets Department produces the babbats, and Department produces...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets Department produces the babbats, and Department produces the bes products Direct labor cost is the allocation base. The rate used is 200 percent of de labor cost Last year evenema n d direct labor were as follows Tennis Rackets t Munct cur ses de contactes overhead to Required: a. Compute the profit for each product using plantwide allocation Preth I Baseball Bats Tennis Racks b. Maria The manager of Department was...
SANTOS Award: 2.50 points McNulty, Inc., produces desks and chairs. A new CFO has just been...
SANTOS Award: 2.50 points McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot eam a margin of at least 25 percent, it will be dropped. The margin is computed as product gross profit divided by reported product cost. Manufacturing overhead for year 1 totaled $944,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following Sales revenue Direct materials...
Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The...
Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 8,800 units 23,200 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.20 hour per unit 0.50 hour per unit 0.70 hour per unit Pro Striker 0.30 hour per...
MatchPoint Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The...
MatchPoint Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for March for the two rackets is as follows: Junior Pro Striker Production budget 8,600 units 24,400 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.2 hour per unit 0.4 hour per unit Pro Striker 0.3 hour per unit 0.6 hour per...
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and...
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 9,600 units 19,100 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.25 hour per unit 0.50 hour per unit Pro Striker 0.35 hour per...
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and...
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 7,400 units 19,000 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department 0.25 hour per unit 0.50 hour per unit Junior 0.35 hour per unit 0.70...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department T produces the tennis rackets. Munoz currently uses plantwide allocation to allocate its overhead to all products. Direct labor cost is the allocation base. The rate used is 150 percent of direct labor cost. Last year, revenue, materials, and direct labor were as follows. Sales revenue Direct labor Direct materials Baseball Bats Tennis Rackets $1,460,000 $950,000 300,000 150,000 557,000 281,000 Required: a. Compute...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department T produces the tennis rackets. Munoz currently uses plantwide allocation to allocate its overhead to all products. Direct labor cost is the allocation base. The rate used is 100 percent of direct labor cost. Last year, revenue, materials, and direct labor were as follows Baseball Bats Tennis Rackets Sales revenue Direct labor Direct $1,530,000 290,000 $1,000,eee 145,000 554,00e 288,000 materials Required: a. Compute...
Munoz Sporting Equipment manufactures baseball bats and tennis
rackets. Department B produces the baseball bats, and Department T
produces the tennis rackets. Munoz currently uses plantwide
allocation to allocate its overhead to all products. Direct labor
cost is the allocation base. The rate used is 150 percent of direct
labor cost. Last year, revenue, materials, and direct labor were as
follows.
Baseball Bats
Tennis Rackets
Sales revenue
$
1,460,000
$
950,000
Direct labor
300,000
150,000
Direct materials
557,000
281,000
Required:...
Munoz Sporting Equipment manufactures baseball bats and tennis rackets Department produces the babbats, and Department produces the bes products Direct labor cost is the allocation base. The rate used is 200 percent of de labor cost Last year evenema n d direct labor were as follows Tennis Rackets t Munct cur ses de contactes overhead to Required: a. Compute the profit for each product using plantwide allocation Preth I Baseball Bats Tennis Racks b. Maria The manager of Department was...
SANTOS Award: 2.50 points McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot eam a margin of at least 25 percent, it will be dropped. The margin is computed as product gross profit divided by reported product cost. Manufacturing overhead for year 1 totaled $944,000. Overhead is allocated to products based on direct labor cost. Data for year 1 show the following Sales revenue Direct materials...
Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 8,800 units 23,200 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.20 hour per unit 0.50 hour per unit 0.70 hour per unit Pro Striker 0.30 hour per...
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 9,600 units 19,100 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department Junior 0.25 hour per unit 0.50 hour per unit Pro Striker 0.35 hour per...
Direct Labor Cost Budget Ace Racket Company manufactures two types of tennis rackets, the Junior and Pro Striker models. The production budget for July for the two rackets is as follows: Junior Pro Striker Production budget 7,400 units 19,000 units Both rackets are produced in two departments, Forming and Assembly. The direct labor hours required for each racket are estimated as follows: Forming Department Assembly Department 0.25 hour per unit 0.50 hour per unit Junior 0.35 hour per unit 0.70...
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