1) | Manufacturing | |||||||||||
Dollars | Units | |||||||||||
High Values | $230,000 | 80,000 | $230,000 | |||||||||
Low Values | 194,000 | 20,000 | Minus variable MOH | 48,000 | ||||||||
Change in Costs | $36,000 | 60,000 | Fixed MOH | $182,000 | ||||||||
Variable MOH cost per unit | $0.60 | |||||||||||
Fixed MOH cost per quarter | $182,000 | $182,000 | ||||||||||
Answer) | $182,000 | |||||||||||
2) | Fourth | |||||||||||
Direct Materials | $240,000 | |||||||||||
Direct Labor | 120,000 | |||||||||||
Manufacturing Overhead | 218,000 | |||||||||||
Total Manufacturing Costs | $578,000 | |||||||||||
units produced | 60,000 | |||||||||||
Estimated unit product cost | $9.63 | |||||||||||
3) | fixed overhead rate per unit increase with decrease in production and decreases with increase in | |||||||||||
production , thus estimated unit product cost fluctuates with change in units produced | ||||||||||||
4) | Fixed overhead cost for the year | (182000*4)= | $728,000 | |||||||||
Estimated units produced | 200000 | |||||||||||
fixed overhead cost per unit | $3.64 | |||||||||||
Variable overhead cost per unit | 0.6 | |||||||||||
total manufacturing cost per unit | $4.24 | |||||||||||
unit product cost | ||||||||||||
direct materials | 4 | |||||||||||
Direct labor | 2 | |||||||||||
Manufacturing overhead | 4.24 | |||||||||||
unit product cost | 10.24 | |||||||||||
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand....
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $ 160,000 $ 80,000 $ 40,000 $ 120,000 Direct labor 160,000 80,000 40,000 120,000 Manufacturing overhead...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $ 160,000 $ 80,000 $ 40,000 $ 120,000 Direct labor 80,000 40,000 20,000 60,000...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $ 160,000 $ 80,000 $ 40,000 $ 120,000 Direct labor 160,000 80,000 40,000 120,000...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $ 200,000 $ 100,000 $ 50,000 $ 150,000 Direct labor 160,000 80,000 40,000 120,000 Manufacturing...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $ 280,000 $ 140,000 $ 70,000 $ 210,000 Direct labor 160,000 80,000 40,000 120,000...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below. Quarter First Second Third Fourth Direct materials $280,000 $140,000 $ 70,000 $210,000 Direct labor 160,000 80,000 40,000 120,000 Manufacturing overhead 230,000 206,000 194,000...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter Pirst Second Third Fourth Direct materials $320,000 $160,000 $ 80,000 $240,000 Direct labor 80,000 40,000 20,000 60,000 Manufacturing overhead 230,000 206,000 194,000...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units to be produced (b) Estimated unit product cost (a) =...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $ 240,000 $ 120,000 $ 60,000 $ 180,000 Direct labor 120,000 60,000 30,000 90,000...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $ 280,000 $ 140,000 $ 70,000 $ 210,000 Direct labor 160,000 80,000 40,000 120,000...