The answer has been presented in the supporting sheet. For detailed answer refer to the supporting sheet.
Innova uses 1,000 units of the component IMC2 every month to manufacture one of its products....
Innova uses 1,000 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials $ 65.00 Direct labor 45.00 Overhead 126.50 Total $236.50 Overhead costs include variable material handling costs of $6.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60% variable costs...
Innova uses 1,000 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials $ 65.00 Direct labor 45.00 Overhead 126.50 Total $236.50 Overhead costs include variable material handling costs of $6.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60% variable costs...
Innova uses 1,000 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials Direct labor Overhead Total $64.53 37.63 126.50 $228.66 Overhead costs include variable material handling costs of $6.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60% variable costs and...
Innova uses 1,050 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials $55.34 Direct labor 39.31 Overhead 126.50 $221.15 Total Overhead costs include variable material handling costs dollars and consist of 60% variable costs and 40% fixed costs. .76, which are applied to products on the basis direct material costs. The remainder of the overhead costs are applied on the basis of direct...
Innova uses 1,100 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials Direct labor Overhead Total $55.43 38.12 126.50 $220.05 Overhead costs include variable material handling costs of $7.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60% variable costs and...
Current Attempt in Progress Innova uses 1,100 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials Direct labor Overhead Total $55.34 39.31 126.50 $221.15 Overhead costs include variable material handling costs of $6.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of...
Exercise 20-08 a Innova uses 1,100 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials Direct labor Overhead Total $63.96 41.72 126.50 $232.18 Overhead costs include variable material handling costs of $7.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60%...
Edward uses 1,100 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials $59.68 Direct labor 39.11 Overhead 126.50 Total $225.29 Overhead costs include various material handling costs of $7.50, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and consist of 60% variable costs and...
View Policies Current Attempt in Progress Innova uses 1000 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows Direct materials Direct labor Overhead Total $55.00 35.00 12650 $216.50 Overhead costs include variable material handing costs of $6.50 which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct labor dollars and...
Exercise 20-8 Your answer is partially correct. Try again. Innova uses 1,070 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufacture the component are as follows. Direct materials Direct labor Overhead Total $63.96 41.72 126.50 $232.18 Overhead costs include variable material handling costs of $7.44, which are applied to products on the basis of direct material costs. The remainder of the overhead costs are applied on the basis of direct...