please show work so i can understand the work 10. Grounded Coffee Products manufactures coffee tables....
6. 7Leaves Café manufactures coffee tables. 7Leaves Café has a policy of adding a 10% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month: units Output Machine-hours Direct manufacturing labor-hours 20,000 tables 6000 hours 14,000 hours $140 $20 $360,000 $1,300,000 $100,000 $1,00,000 20X14000- Direct materials Direct manufacturing labor per hour Variable manufacturing overhead costs Fixed manufacturing overhead costs Product and process design costs Marketing and distribution costs per unit...
Grounded Coffee Products manufactures coffee tables. Grounded Coffee Products has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month: Output units 30,000 tables Machine-hours 6,000 hours Direct manufacturing labor-hours 10,000 hours Direct materials per unit $50 Direct manufacturing labor per hour $12 Variable manufacturing overhead costs $322,500 Fixed manufacturing overhead costs $1,200,000 Product and process design costs $600,000 Marketing and distribution costs $1,290,000...
23. Wood Products manufactures banquet tables. The following information pertains to the company's normal operations per month: Output units 20,000 tables Machine-hours 8,000 hours Direct manufacturing labor-hours 10,000 hours Direct materials per unit $105 Direct manufacturing labor per hour $10 Variable manufacturing overhead costs $322,500 Fixed manufacturing overhead cos $1,200,000 Improved Product and process design costs $1,100,000 Marketing and distribution costs $1,125,000 Assuming the Marketing and distribution costs and the Improved Product and process design costs are 100% variable costs,...
Ferryman Products manufactures coffee tables. Ferryman Products has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month: Output units 30,000 tables Machine-hours 8,000 hours Direct manufacturing labour-hours 10,000 hours Direct materials per unit $100 Direct manufacturing labour per hour $12 Variable manufacturing overhead costs $322,500 Fixed manufacturing overhead costs $1,200,000 Product and process design costs $900,000 Marketing and distribution costs $1,125,000 What is...
ACNT-2309: Master Budgeting - Class Project: • Premium Furniture sells two models of granite-top coffee tables: Casual and Deluxe. Assume that FIFO is used for costing inventory There are two types of direct materials: red oak (RO) and granite slabs (GS). Direct material costs are variable with respect to units of output-coffee tables. Direct manufacturing labor workers are hired on an hourly basis; no overtime is worked There are two cost drivers for manufacturing overhead costs-direct manufacturing labor-hours and setup...
Answer the following questions as required. SHOW ALL WORK! 1. Rays Corporation has received a request for a special order of 8.000 units of product A for $34.20 each. The normal selling price of this product is $35.70 each, but the units would need to be modified slightly for the customer. The normal unit product cost of product A is computed as follows: Direct Materials 11.60 Direct Labor 2.20 Variable Manufacturing Overhead 7.10 Fixed Manufacturing Overhead 2.90 Unit Product Cost...
Beaver Company manufactures coffee tables and uses an activity-based costing system to allocate all manufacturing conversion costs. Each coffee table consists of 20 separate parts totaling $220 in direct materials, and requires 7.0 hours of machine time to produce. The company incurs no direct labor costs. Additional information follows Activity Materials handling Machining Assembling Packaging Allocation Base Number of parts Machine hours Number of parts Number of finished units Cost Allocation Rate $2.00 per part $3.10 per machine hour $1.00...
Coffee Bean, Inc. (CBI), is a processor and distributor of a variety of blends of coffee. The company buys coffee beans from around the world and roasts, blends, and packages them for resale. CBI offers a large variety of different coffees that it sells to gourmet shops in one-pound bags. The major cost of the coffee is raw materials. However, the company’s predominantly automated roasting, blending, and packing processes require a substantial amount of manufacturing overhead. The company uses relatively...
Clayton Manufacturing is approached by a European customer to fulfill a one-time-only special order for a product similar to one offered to domestic customers. Clayton Manufacturing has a policy of adding a 20% markup to full costs and currently has excess capacity. The following per unit data apply for sales to regular customers: Variable costs: Direct materials $50 Direct labor 30 Manufacturing overhead 10 Marketing costs 20 Fixed costs: Manufacturing overhead 110 ...
please solve all the empty spaces even the correct ones so I can understand the way thanks NuFloor Manufacturing produces floor tiles. The managers at NuFloor are trying to develop budgets for the upcoming quarter. The following data have been gathered for a particular tile design. $ Projected unit sales Selling price per case Inventory at the beginning of the quarter Target inventory at the end of the quarter Direct labor hours needed to produce one case Direct labor wages...