Homework Answers
1.
Standard direct material = 8.20 lbs per unit
Actual output = 274,000 units
Standard production of direct material allowed for production of 274,000 units = Standard direct material x Actual output
= 8.20 x 274,000
= 2,246,800 lbs
2.
Standard direct labor = 1.60 per hour
Actual output = 274,000 units
Standard direct labor hours allowed for production of 274,000 units = Standard direct labor x Actual output
= 1.60 x 274,000
= 438,400 hours
Kindly comment if you need further assistance. Thanks‼!
Add Answer to:
Computation of Inputs Allowed, Direct Materials and Direct Labor During the year Dorner Company produced 274,000...
Chrisman Corporation makes a product with the following standard costs: Inputs Direct materials Direct labor Variable...
Chrisman Corporation makes a product with the following standard costs: Inputs Direct materials Direct labor Variable overhead Standard Quantity or Hours 8.8 pounds 1.4 hours 1.4 hours Standard Price or Rate $2.00 per pound $20.00 per hour $10.00 per hour The company reported the following results concerning this product in August. Actual output Raw materials used in production Raw materials purchased Actual direct labor hours Actual cost of raw materials purchased Actual cost of direct labor Actual cost of variable...
3) Chemical, Inc., has set the following standards for direct materials and direct labor for each...
3) Chemical, Inc., has set the following standards for direct materials and direct labor for each 20-pour bag of Weed-Be-Doom: Per Bag $2.00 Direct materials: 25 pounds XF-2000 a $0.08/1b. = Direct labor: 0.05 hour @ $32/hr. = 1.60 The company manufactured 100,000 bags of Weed-Be-Doom in December and used 2,700,000 pounds of XF-2000 and 5,200 direct labor-hours. During the month the company purchased 3.000.000 lbs. of XF-2000 at $0.075 per pound and incurred a total payroll of $182,000 for...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.00 pounds 0.45 hours Standard Price or Rate $2.20 per pound $7.00 per hour Standard Cost $15.40 $ 3.15 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 19,500.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of the...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Price Hours or Rate 7.00 pounds $2.20 per pound 0.45 hours $7.00 per hour Direct materials Direct labor Standard cost $15.40 $ 3.15 During the most recent month, the following activity was recorded: a. 19,500.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of the...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 7.00 pounds $ 3.00 per pound $ 21.00 Direct labor 0.40 hours $ 14.00 per hour $ 5.60 During the most recent month, the following activity was recorded: Thirteen thousand six hundred pounds of material were purchased at a cost of $2.90 per...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data Sharp Company manufactures a...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $57,510, all of which were used in the production of 3,125 units of product. In addition,...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.60 pounds 0.40 hours Standard Price or Rate $3.00 per pound $7.00 per hour Standard Cost $16.80 $ 2.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Price Standard Hours Cost or Rate 5.60 pounds Direct materials $3.00 per pound $7.00 per hour $16.80 $2.80 Direct labor 0.40 hours During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.50 pounds 0.80 hours Standard Price or Rate $2.40 per pound $7.00 per hour Standard Cost $18.00 $ 5.60 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 13,250.00 pounds of material were purchased at a cost of $2.20 per pound. b. All of the...
Problem S (Supplemental Problem #2) - Compute materials and labor variances Algers Company produces dry fertilizer....
Problem S (Supplemental Problem #2) - Compute materials and labor variances Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following standard cost sheet: Direct material (5 lbs. 52.60) $ 13.00 Direct labor(0.75 h. SI8.00) S 13.50 Fixed overhead (0.75 hr. 54.00) S 300 Variable overhead (0.75 hr. 83.00) $ 2.25 Standard cost per unit S31.75 Algers computes its overhead rates using practical volume, which is 54.000 units. The actual results for the year areas...
3) Chemical, Inc., has set the following standards for direct materials and direct labor for each 20-pour bag of Weed-Be-Doom: Per Bag $2.00 Direct materials: 25 pounds XF-2000 a $0.08/1b. = Direct labor: 0.05 hour @ $32/hr. = 1.60 The company manufactured 100,000 bags of Weed-Be-Doom in December and used 2,700,000 pounds of XF-2000 and 5,200 direct labor-hours. During the month the company purchased 3.000.000 lbs. of XF-2000 at $0.075 per pound and incurred a total payroll of $182,000 for...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.00 pounds 0.45 hours Standard Price or Rate $2.20 per pound $7.00 per hour Standard Cost $15.40 $ 3.15 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 19,500.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of the...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Price Hours or Rate 7.00 pounds $2.20 per pound 0.45 hours $7.00 per hour Direct materials Direct labor Standard cost $15.40 $ 3.15 During the most recent month, the following activity was recorded: a. 19,500.00 pounds of material were purchased at a cost of $2.10 per pound. b. All of the...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 5.60 pounds 0.40 hours Standard Price or Rate $3.00 per pound $7.00 per hour Standard Cost $16.80 $ 2.80 Direct materials Direct labor During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b....
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Standard Price Standard Hours Cost or Rate 5.60 pounds Direct materials $3.00 per pound $7.00 per hour $16.80 $2.80 Direct labor 0.40 hours During the most recent month, the following activity was recorded: a. Ten thousand eight hundred pounds of material were purchased at a cost of $2.90 per pound. b. The...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Standard Quantity or Hours 7.50 pounds 0.80 hours Standard Price or Rate $2.40 per pound $7.00 per hour Standard Cost $18.00 $ 5.60 Direct materials Direct labor During the most recent month, the following activity was recorded: a. 13,250.00 pounds of material were purchased at a cost of $2.20 per pound. b. All of the...
Problem S (Supplemental Problem #2) - Compute materials and labor variances Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following standard cost sheet: Direct material (5 lbs. 52.60) $ 13.00 Direct labor(0.75 h. SI8.00) S 13.50 Fixed overhead (0.75 hr. 54.00) S 300 Variable overhead (0.75 hr. 83.00) $ 2.25 Standard cost per unit S31.75 Algers computes its overhead rates using practical volume, which is 54.000 units. The actual results for the year areas...
Most questions answered within 3 hours.
-
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 5 minutes ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 32 minutes ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 1 hour ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 1 hour ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 2 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 3 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 3 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 3 hours ago -
Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one
year ago. One year ago...
asked 4 hours ago -
If Canada suffered from "fundamental disequilibrium," and its
government choose not to devalue its currency, a...
asked 4 hours ago -
4. How many input & output Key Value Pairs are passed into,
and emitted out of...
asked 4 hours ago -
Why would your heart not function well if constructed of
skeletal muscle? What is the particular...
asked 4 hours ago