Below table showing unit cost and total cost for 8000 units and comparison with 12000 units:
can anyone do this question ? 1. (25% Marks) Determine the unit costs and total unit...
7. Determine the unit costs and total unit cost for the crankshaft if 10,000 units were pro- duced (a recording error was made and 10,000 were made instead of 8,000) and compare the results (costs and profits) to the 8,000 total and unit costs of Tables 3.4 and 3.5. Assume all other values remain the same as in Tables 3.3, 3.4, and 3.5. Table 3.3: Cost data for overhead evaluations for an automotive metal casting facility Casting Products Produced Crank-...
6. Determine the new overhead allocations for the Purchase Orders if the total overhead cost for the purchasing department is $60,000 and the orders for the products are: Piston- 300, Crankshaft-500, Rear Axle-100, and Exhaust Manifold-100. Determine the unit purchasing OH cost for each of the four product produced and compare them with those in Table 3.4. The total quantities are the same as those listed in Table 3.4. Table 3.4: Unit cost determination Total # of Total OH OH...
8 of 9 QUESTION 4 [TOTAL MARKS: 25 Marks (a) Basic Lad sells Product X for €30 each. Total unit variable costs are €15. Fixed costs for the company are €250,000. Target profit for the period is €25.000 Calculate the following for the company using appropriate formula (show all working 1. Breakeven point in units 2. Breakeven point in value 3. Sales in units to achieve the expected target profit 4. Sales in value to achieve an expected target profit...
Return to question a. Determine the total cost and cost per unit for each product line, assuming that overhead costs are allocated to each product line using direct labor hours as a companywide allocation base. Also determine the combined cost of all three product lines b. Determine the total cost and cost per unit for each product line, assuming that an ABC system is used to allocate overhead costs Determine the combined cost of all three product lines. 3.33 points...
Question 3 Time: 20 minutes Total: 12 marks Orville Company’s standard and actual costs per unit are provided below for the most recent period. During this time period 650 units were actually produced. Standard Actual Materials: Standard: 2.5 metres at $2.7 per m. $6.75 Actual: 2.1 metres at $2.60 per m. $5.46 Direct labour: Standard: 1.6 hrs. at $8.40 per hr. 13.44 Actual: 1.7 hrs. at $8.50 per hr. 14.45 Variable overhead: Standard: 1.6 hrs....
Question 1 (allocating costs using ABC, product profit margin) My NC Generic Motors Corporation has two product lines, A and B. Its revenue and costs for last year is as follows Product A Product B Total sales volume units) 100 200 300 Ravenue 510,000 350,000 560.000 Costs direct materials $2.000 $10,000 $12.000 direct labor 55.000 520,000 $25,000 OH costs $19.500 Profit $3.500 Generic Motors uses ABC to allocate the overhead costs. It examined the main activities in the firm, and...
Sedona Company set the following standard costs for one unit of its product for 2017. Direct material (20 Ibs. $2.10 per Ib.) Direct labor (10 hrs. $8.80 per hr.1) Factory variable overhead (10 hrs. $4.00 per hr. Factory tixed overhead (10 hr. $1.80 per hr.) Standard cost s 42.00 88.00 40.00 18.00 $188.00 The $5.80 ($4.00+$1.80) total overhead rate per direct labor hour is based on an expected operating level equal to 70% of the factory's capacity of 70,000 units...