Homework Answers
| (a) | ||||
| Make IMC2 (per unit) | Buy IMC2 (per unit) | Net Income Increase (Decrease) | ||
| Direct Materials | $63.96 | $63.96 | ||
| Direct Labor | $41.72 | $41.72 | ||
| Material handling | $7.50 | $7.50 | ||
| Variable Overhead | $71.40 | $71.40 | ||
| Purchase Price | $250.00 | -$250.00 | ||
| Total Unit Cost | $184.58 | $250.00 | -$65.42 | |
| (b) | No | |||
| Working | ||||
| Variable Overhead | $71.40 | |||
| ($126.5 - $7.5) x 60% | ||||
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Exercise 20-08 a Innova uses 1,100 units of the component IMC2 every month to manufacture one...
Innova uses 1,100 units of the component IMC2 every month to manufacture one of its products....
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...
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...
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 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....
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...
Edward uses 1,100 units of the component IMC2 every month to manufacture one of its products....
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...
Exercise 20-8 Your answer is partially correct. Try again. Innova uses 1,070 units of the component...
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...
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....
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....
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 $65.00 45.00 126.50 $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 and...
View Policies Current Attempt in Progress Innova uses 1000 units of the component IMC2 every month...
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...
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...
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...
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...
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 $65.00 45.00 126.50 $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 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...
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