World Defense manufactures radar systems. It has just completed the manufacture of its first newly designed...
E10-33 (similar to) Racing Radars manufactures radar systems. It has just completed the manufacture of its first newly designed system, RS-32. Manufacturing data for the RS-32 follow: E (Click icon to view data) Requirement Calculate the total variable costs of producing 2, 4, and 8 units A Data Table - X mber.) Direct material cost $80,000 per unit of RS-32 Direct manufacturing labor time for first unit 3,400 direct manufacturing labor-hours Learning curve for manufacturing labor time per radar system...
The Pacific Boat Company, which is under contract to the U.S. Navy, assembles troop deployment boats. As part of its research program, it completes the assem of the first of a new model (PT109) of deployment boats. The Navy is impressed with the PT109. It requests that Pacific Boat submit a proposal on the cost of producing another six PT 109s Pacific Boat reports the following cost information for the first PT 109 assembled. Pacific Boat uses a 90% incremental...
Part IV-Problems (55 points) A. Highestec, Inc is beginning the production of a new product. Management believes that 500 labor hours will be required to complete the new unit. A 90 percent cumulative average-time learning curve model for direct labor hours is assumed to be valid. Data on costs are as follows: S50,000 per unit s20 per direct labor hour $30 per direct labor hour Direct materials Direct labor Variable manufacturing overhead Required: a. Set up a table with columns...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 4 pounds at $8 per pound $ 32 Direct labor: 2 hours at $16 per hour 32 Variable overhead: 2 hours at $6 per hour 12 Total standard cost per unit $ 76 The planning budget for March was based on producing and selling 32,000 units. However, during March the company...
SalesUnit sales for November 2019114,000Unit sales for December 2019103,000Expected unit sales for January 2020114,000Expected unit sales for February 2020111,000Expected unit sales for March 2020116,000Expected unit sales for April 2020125,000Expected unit sales for May 2020136,000Unit selling price$12Waterways likes to keep 10% of the next month’s unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts...
Thank you! The ABC Corporation has purchased 50 pieces of a specially designed electronic component at $2,000 per unit. In the $2,000 selling price, $1,000 represents direct labor. An audit of product costs for the first 50 units established that the operation is subject to an 80 percent cumulative average learning curve. What should ABC pay for the purchase of 350 more units? Solution: What would be the total price ABC should pay for the 350 units for an 80%...
Just need help with Total Overhead Variance- 6000 is incorrect Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-1 pound plastic at $7 per pound Direct labor-1.50 hours at $11.10 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit $7.00 16.65 11.25 6.75 $41.65 The predetermined manufacturing overhead rate is $12 per direct labor hour ($18.00+ 1.50). It was computed from a master manufacturing overhead budget based...
Kingbird Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials—1 pound plastic at $6.00 per pound $ 6.00 Direct labor—1.5 hours at $12.20 per hour 18.30 Variable manufacturing overhead 9.00 Fixed manufacturing overhead 15.00 Total standard cost per unit $48.30 The predetermined manufacturing overhead rate is $16.00 per direct labor hour ($24.00 ÷ 1.5). It was computed from a master manufacturing overhead budget based on normal production of 8,700 direct labor hours...
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials—1 pound plastic at $7.00 per pound $ 7.00 Direct labor—1.6 hours at $12.00 per hour 19.20 Variable manufacturing overhead 12.00 Fixed manufacturing overhead 4.00 Total standard cost per unit $42.20 The predetermined manufacturing overhead rate is $10 per direct labor hour ($16.00 ÷ 1.6). It was computed from a master manufacturing overhead budget based on normal production of 8,000 direct labor hours...
Woodland Industries manufactures and sells custom-made windows. Its job costing system was designed using an activity-based costing approach. Direct materials and direct labor costs are accumulated separately, along with information concerning three manufacturing overhead cost drivers (activities). Assume that the direct labor rate is $15 per hour and that there were no beginning inventories. The following information was available for 2016, based on an expected production level of 47,900 units for the year, which will require 220,000 direct labor hours:...