6 Stanfil Corporation developed a cost function for manufacturing overhead costs of Y = $10,000 +...
6 Stanfil Corporation developed a cost function for manufacturing overhead costs of Y = $10,000 + $1.50X. Estimated manufacturing overhead costs at 10,000 units of production are: a. $25,000 c. $27,000 b. $17,600 d. $26,000
7)Assume the following information regarding Electricity costs: VOLUME TOTAL COST 1000 KWH $3,500 900 KWH $3,300 1050 KWH $3,750 The cost function would be: a. Y = $300 + 15.625 x c. Y = $600 + 3 x b. Y = $3000 + 1.56 x d. Y = A + $3 x
Homework Answers
Ans 6:
The manufacturing overhead costs function of Stanfil corporation is:
Y = $10,000 + $1.50X
So, when number of units, X = 10000
Manufacturing overhead cost, Y = $10,000 + $1.50 (10000)
= $25,000
Hence, correct option is option (a) $25,000.
Add Answer to:
6 Stanfil Corporation developed a cost function for
manufacturing overhead costs of Y = $10,000 +...
The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Cost Function Electricity...
The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Cost Function Electricity $200 + $20 per direct labor hour Maintenance $400 + $30 per direct labor hour Supervisors' salaries $20,000 per month Indirect materials $16 per direct labor hour If January production is expected to be 2,000 units requiring 3,000 direct labor hours, estimated manufacturing overhead costs would be what?
14) The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Sost Function...
14) The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Sost Function Electricity $.200+ .20 per direct labor hour Maintenance 5.400 + 5.30 per direct labor hour Supervisors' salaries (Indirect labor) $ 20,000 per month Indirect materials 5.16 per direct labor hour If January production is expected to be 2,000 units requiring 3,000 direct labor hours, estimated manufacturing overhead costs would be: a) $ 20,733. b) $ 198,000. c) S 152,000. d) $ 218,600 Answer: (4...
Hill Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing overhead...
Hill Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing overhead costs are applied on the basis of machine-hours in the Machining Department and on the basis of direct labor-hours in the Assembly Department. At the beginning of 20X5, the following estimates were provided for the coming year: Machining Assembly Direct labor-hours 10,000 dlh 90,000 dlh Machine-hours 100,000 mh 5,000 mh Direct labor cost $ 80,000 $720,000 Manufacturing overhead costs $250,000 $360,000 The accounting records...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate (a) Cost of goods manufactured in 2017 and (b) Cost of goods sold in 2017. (12 points) Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $12,000 $164,000 $10,000 $13,000 $17,000 3. How many units would have to be sold to yield a target operating income of...
MA Company uses a standard cost system in which manufacturing overhead costs are applied to units...
MA Company uses a standard cost system in which manufacturing overhead costs are applied to units of the company's single product on the basis of direct laborhours (DLHs). The cost information for the product is as follows: Standard Cost per unit of product: Direct Materials, 2 metres at $4 per metre ....................................... $ 8 Direct Labor, 2 DLHs at $10 per DLH .................................................. $20 Variable Manufacturing Overhead, 2 DLHs at $2 per DLH ............ $ 4 Fixed ManufacturingOverhead, 2 DLHs...
MA Company uses a standard cost system in which manufacturing overhead costs are applied to units of the company's s...
MA Company uses a standard cost system in which manufacturing overhead costs are applied to units of the company's single product on the basis of direct laborhours (DLHs). The cost information for the product is as follows: Standard Cost per unit of product: Direct Materials, 2 metres at $4 per metre ....................................... $ 8 Direct Labor, 2 DLHs at $10 per DLH .................................................. $20 Variable Manufacturing Overhead, 2 DLHs at $2 per DLH ............ $ 4 Fixed ManufacturingOverhead, 2 DLHs...
Wright Corporation developed the following standard costs for one of the products of their products: Standard...
Wright Corporation developed the following standard costs for one of the products of their products: Standard Cost per Unit Materials: 4ft x $14.25 per foot $57 Direct labor: 8 hours x $10 per hour $80 Variable Overhead: 8 direct labor hours x $8 per hour $64 Fixed Overhead: 8 direct labor hours x $12 per hour $96 Total standard cost per unit $297 The following information is available regarding the company's operations for the period: Units Produced 11,000 Materials Purchased...
Determine total overhead manufacturing cost, total product costs, and total amount of period costs. Exercise 14-4...
Determine total overhead manufacturing cost, total product
costs, and total amount of period costs.
Exercise 14-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,800 Direct labor $72,600 14,350 Sales salaries 46,700 Property taxes on factory Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 4,200 52,500 84,300 3,500 1,700 2,970 16,700 3,370 Repairs to office equipment Factory repairs 138,700 Advertising 8,400 office supplies used From...
Garcia Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor costs
Garcia Manufacturing uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2008, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $20,000, direct labor $12,000, and manufacturing overhead $16,000. As of January 1, Job No. 49 had been completed at a cost of $90,000 and was part of finished goods inventory. There was...
14) The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Sost Function Electricity $.200+ .20 per direct labor hour Maintenance 5.400 + 5.30 per direct labor hour Supervisors' salaries (Indirect labor) $ 20,000 per month Indirect materials 5.16 per direct labor hour If January production is expected to be 2,000 units requiring 3,000 direct labor hours, estimated manufacturing overhead costs would be: a) $ 20,733. b) $ 198,000. c) S 152,000. d) $ 218,600 Answer: (4...
Sales ........ Direct labor ....... Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory_ Raw materials .... Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending $ 5,000 17,000 16,500 What were the total manufacturing costs for September? O $ $25,000 O $43,500 O $49,500 O $48,500 Sales Direct labor Selling & administrative costs Raw materials purchased Manufacturing overhead $72,000 10,000 7,000 20,000 13,500 Inventory Raw materials Work-in-process Finished goods Beginning $10,000 18,000 21,000 Ending...
Direct manufacturing labor costs in 2017 Manufacturing overhead costs in 2017 $4,000 $26,000 $36,000 2. Calculate (a) Cost of goods manufactured in 2017 and (b) Cost of goods sold in 2017. (12 points) Beginning work-in-process inventory, 1/1/2017 Total manufacturing costs incurred in 2017 Ending work-in-process inventory, 12/31/2017 Beginning inventory of finished goods, 1/1/2017 Ending inventory of finished goods, 12/31/2017 $12,000 $164,000 $10,000 $13,000 $17,000 3. How many units would have to be sold to yield a target operating income of...
Determine total overhead manufacturing cost, total product
costs, and total amount of period costs.
Exercise 14-4 Knight Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment $16,800 Direct labor $72,600 14,350 Sales salaries 46,700 Property taxes on factory Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary 4,200 52,500 84,300 3,500 1,700 2,970 16,700 3,370 Repairs to office equipment Factory repairs 138,700 Advertising 8,400 office supplies used From...
Most questions answered within 3 hours.
-
Rhonda Clark, a Slippery Rock, Pennsylvania, real estate
developer, has devised a regression model to help...
asked 2 minutes ago -
SO₂Cl₂(g) ⇌ SO₂(g) + Cl₂(g) Kp = 2.39 at 100°C. A quantity of
SO₂Cl₂ was introduced...
asked 25 minutes ago -
1. Using the ArrayList add() method, write the statement to
insert “July” in the first position...
asked 28 minutes ago -
Find the value of z such that 62.9% of the total area is to the
left...
asked 31 minutes ago -
How many moles are in 169 kg of Au?
asked 39 minutes ago -
If
a measure entity (thing) is a vector how many different types of
information are required...
asked 42 minutes ago -
A speeding driver sees a police officer, hits her brakes, and
changes her speed from 45...
asked 43 minutes ago -
Calculate the Molarity, M, of a solution that was prepared by
dissolving 734 grams of lithium...
asked 44 minutes ago -
Give a chemical reaction for the reaction of 2-butanol with
chromium trioxide
asked 55 minutes ago -
Community relations are a large part of business outreach and
growing a brand. If you've been...
asked 1 hour ago -
One way to measure the amount of energy that is expended during
exercise is to use...
asked 1 hour ago -
What is the Erikson 8 stages of development theory’s relevance
and application to individuals, families, groups,...
asked 1 hour ago