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Production and sales volume Selling price Direct material Direct labor Manufacturing overhead Gross profit Selling and...
Tiger Pride produces two product lines: T-shirts and Sweatshirts. Product profitability is analyzed as follows: T-SHIRTS...
Tiger Pride produces two product lines: T-shirts and Sweatshirts. Product profitability is analyzed as follows: T-SHIRTS SWEATSHIRTS Production and sales volume 204,000 units 34,000 units Selling price $18.00 $29.00 Direct material $1.60 $ 5.00 Direct labor $4.30 $ 7.20 Manufacturing overhead $4.60 $ 3.00 Gross profit $ 7.50 $13.80 Selling and administrative $3.50 $ 7.00 Operating profit $4.00 $ 6.80 Tiger Pride's managers have decided to revise their current assignment of overhead costs to reflect the following ABC cost information:...
6.3-38a * Question Help Production and sales volume Selling price Direct material Direct labor Manufacturing overhead...
6.3-38a * Question Help Production and sales volume Selling price Direct material Direct labor Manufacturing overhead Gross profit Selling and administrative Operating profit T-SHIRTS 61,000 units $16.00 $3.00 $4.50 $2.00 $6.50 $4.00 $2.50 SWEATSHIRTS 32,000 units $29.00 $5.00 $8.20 $3.00 $12.80 $7.00 $5.80 What is the projected decline in operating income if the direct materials costs of T-Shirts increase to $4.50 per unit and direct labor costs of Sweatshirts increase to $14.00 per unit? O A. $722,500 O B. $185,600...
Titan Pride produces two product lines: T-shirts and Sweatshirts. The company has used a simple costing...
Titan Pride produces two product lines: T-shirts and Sweatshirts. The company has used a simple costing system since its inception. The budgeted factory overhead totals $242,000 and is allocated on the basis of 121,000 direct labor hours (DLHs). Additional production information for the two products is as follows: T-SHIRTS SWEATSHIRTS Production volume 60,000 units 35,000 units 1.2 1.4 DHLs (per unit) Direct costs (per unit) $ 6.50 $ 8.20 The company is currently considering implementing an ABC system to determine...
a- compute Total manufacturing cost Per unit of Deluxe " under current plant-wide overhead allocation method...
a- compute Total manufacturing cost Per unit of Deluxe
" under current plant-wide overhead allocation method "" based on
Direct labor hours.
b- compute total manufacturing cost per unit of Deluxe using
activity based costing for the allocation of factory overhead cost.
Carry your overhead rate calculations up to THREE decimal
point.
--------------'xxxxxxx
a- using activity based costing for the allocation of
operating expenses of Alberto company, compute operating profit or
loss made from customer Zillow company.
b- using...
Morton Company's budgeted variable manufacturing overhead is $3.50 per direct labor-hour and its budgeted fixed m...
Morton Company's budgeted variable manufacturing overhead is $3.50 per direct labor-hour and its budgeted fixed manufacturing overhead is $400,000 per year. The company manufactures a single product whose standard direct labor-hours per unit is 2.0 hours. The standard direct labor wage rate is $15 per hour. The standards also allow 2 feet of raw material per unit at a standard cost of $5 per foot. Although normal activity is 50,000 direct labor-hours each year, the company expects to operate at...
The cost of manufacturing (direct material and direct labor) is 75% of sales. Profit is 5%...
The cost of manufacturing (direct material and direct labor) is 75% of sales. Profit is 5% of sales. You should now be able to determine the remaining overhead (fixed costs). Determine the profit improvement if, through better planning and control, the cost of manufacturing was reduced from 75% of sales to 70% of sales.
Morton Company's budgeted variable manufacturing overhead is $3.00 per direct labor-hour and it's...
Morton Company's budgeted variable manufacturing overhead is
$3.00 per direct labor-hour and it's budgeted fixed manufacturing
overhead is $375,000 per year
Problem 10A-12 Selection of a Denominator; Overhead Analysis; Standard Cost Card [L010-3, L010-4) Morton Company's budgeted variable manufacturing overhead is $3.00 per direct labor-hour and its budgeted fixed manufacturing overhead is $375,000 per year The company manufactures a single product whose standard direct labor-hours per unit is 3.0 hours. The standard direct labor wage rate is $20 per hour....
Maverick Mfg has been struggling financially. They currently utilize a plantwide overhead rate based on direct-labor...
Maverick Mfg has been struggling financially. They currently utilize a plantwide overhead rate based on direct-labor hours (DLH). Using the information below, calculate the requested amounts. Maverick currently has two product lines, A Product and B Product. 6,000 units of the A Product and 5,000 units of B Product are manufactured each month. All products in the A Product line have the same activity requirements, that is no one product within the line requires more machine-hours, setups, or direct-labor hours...
Direct labor or machine hours may not be the appropriate cost driver for overhead in all...
Direct labor or machine hours may not be the appropriate cost
driver for overhead in all areas of manufacturing due to the
complexities of many manufacturing processes. Many companies use
activity-based costing (ABC) which uses multiple drivers (items
that consume resources) rather than just one driver to apply
overhead to their activities. With ABC, a company can use a cost
driver that has a direct cause/effect relationship in its applied
overhead costs.
Waterways looked into ABC as a method of...
Direct labor or machine hours may not be the appropriate cost driver for overhead in all...
Direct labor or machine hours may not be the appropriate cost driver for overhead in all areas of manufacturing due to the complexities of many manufacturing processes. Many companies use activity-based costing (ABC) which uses multiple drivers (items that consume resources) rather than just one driver to apply overhead to their activities. With ABC, a company can use a cost driver that has a direct cause/effect relationship in its applied overhead costs. Waterways looked into ABC as a method of...
6.3-38a * Question Help Production and sales volume Selling price Direct material Direct labor Manufacturing overhead Gross profit Selling and administrative Operating profit T-SHIRTS 61,000 units $16.00 $3.00 $4.50 $2.00 $6.50 $4.00 $2.50 SWEATSHIRTS 32,000 units $29.00 $5.00 $8.20 $3.00 $12.80 $7.00 $5.80 What is the projected decline in operating income if the direct materials costs of T-Shirts increase to $4.50 per unit and direct labor costs of Sweatshirts increase to $14.00 per unit? O A. $722,500 O B. $185,600...
Titan Pride produces two product lines: T-shirts and Sweatshirts. The company has used a simple costing system since its inception. The budgeted factory overhead totals $242,000 and is allocated on the basis of 121,000 direct labor hours (DLHs). Additional production information for the two products is as follows: T-SHIRTS SWEATSHIRTS Production volume 60,000 units 35,000 units 1.2 1.4 DHLs (per unit) Direct costs (per unit) $ 6.50 $ 8.20 The company is currently considering implementing an ABC system to determine...
a- compute Total manufacturing cost Per unit of Deluxe
" under current plant-wide overhead allocation method "" based on
Direct labor hours.
b- compute total manufacturing cost per unit of Deluxe using
activity based costing for the allocation of factory overhead cost.
Carry your overhead rate calculations up to THREE decimal
point.
--------------'xxxxxxx
a- using activity based costing for the allocation of
operating expenses of Alberto company, compute operating profit or
loss made from customer Zillow company.
b- using...
Morton Company's budgeted variable manufacturing overhead is $3.50 per direct labor-hour and its budgeted fixed manufacturing overhead is $400,000 per year. The company manufactures a single product whose standard direct labor-hours per unit is 2.0 hours. The standard direct labor wage rate is $15 per hour. The standards also allow 2 feet of raw material per unit at a standard cost of $5 per foot. Although normal activity is 50,000 direct labor-hours each year, the company expects to operate at...
Morton Company's budgeted variable manufacturing overhead is
$3.00 per direct labor-hour and it's budgeted fixed manufacturing
overhead is $375,000 per year
Problem 10A-12 Selection of a Denominator; Overhead Analysis; Standard Cost Card [L010-3, L010-4) Morton Company's budgeted variable manufacturing overhead is $3.00 per direct labor-hour and its budgeted fixed manufacturing overhead is $375,000 per year The company manufactures a single product whose standard direct labor-hours per unit is 3.0 hours. The standard direct labor wage rate is $20 per hour....
Maverick Mfg has been struggling financially. They currently utilize a plantwide overhead rate based on direct-labor hours (DLH). Using the information below, calculate the requested amounts. Maverick currently has two product lines, A Product and B Product. 6,000 units of the A Product and 5,000 units of B Product are manufactured each month. All products in the A Product line have the same activity requirements, that is no one product within the line requires more machine-hours, setups, or direct-labor hours...
Direct labor or machine hours may not be the appropriate cost
driver for overhead in all areas of manufacturing due to the
complexities of many manufacturing processes. Many companies use
activity-based costing (ABC) which uses multiple drivers (items
that consume resources) rather than just one driver to apply
overhead to their activities. With ABC, a company can use a cost
driver that has a direct cause/effect relationship in its applied
overhead costs.
Waterways looked into ABC as a method of...
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