Knowledge Check 01 Marshall Grocery Delivery Service reports the following information: Rate per hour of direct...
Marshall Grocery Delivery Service reports the following information: Rate per hour of direct labor is: Labor rate per hour $ 20 Rate per hour of direct labor $ 25.80 Materials markup 23 % Target profit margin 20 % The materials markup for a job that will use 100 labor hours and $2,000 of materials is:
Knowledge Check 01 Activities Assembly Processing Orders inspection Activity Rates $14.35 per machine-hour $47.85 per order $70.30 per inspection-hour True Blue Corporation provided the data set forth above from its activity-based costing system. The company makes 430 units of product D28K a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year. The product's direct materials cost is $35.82 per unit and its direct labor cost is $29.56 per unit. What is the unit product cost...
Knowledge Check 01 Activities Activity Rates Assembly $ 14.35 per machine-hour Processing Orders $ 47.85 per order inspection $ 70.30 per inspection-hour True Blue Corporation provided the data set forth above from its activity-based costing system. The company makes 430 units of product D28K a year, requiring a total of 690 machine-hours, 40 orders, and 10 inspection-hours per year. The product's direct materials cost is $35.82 per unit and its direct labor cost is $29.56 per unit. What is the...
ssional Development Pro... Ch 23 Homework Helps Exercise 23-15 Time And Materi. (935)+760*1.5) - Google Search Thread: Profes Exercise 23-15 Time and materials pricing A1 1.12 points HH Auto Repair reports the following information for the coming year. eBook 54 per labor hour 11,800 hours $2,180,000 Labor rate, including fringe benefits Annual labor hours Annual materials (parts) purchases Annual overhead costs: Materials purchasing, handling, and storage Other overhead (depreciation, insurance, taxes, rent) Target profit margin (on both labor and materials)...
Check my Mickley Company's plantwide predetermined overhead rate is $2100 per direct labor-hour and its direct labor wage rate is $12.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 260 $ 240 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 70 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1 Total manufacturing cost 2. Unit...
Check my won Mickley Company's plantwide predetermined overhead rate is $22.00 per direct labor-hour and its direct labor wage rate is $15.00 per hour. The following information pertains to Job A-500: 20 points Direct $240 materials Direct labor $150 eBook Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 30 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) Hint 1.Total manufacturing Print...
Knowledge Check 01 Helio Company has two products: A and B. The annual production and sales of Product A is 1,850 units and of Product B is 1,250 units. The company has traditionally used direct labor-hours as the basis for applying all manufacturing overhead to products. Product A requires 0.3 direct labor-hours per unit and Product B requires 0.6 direct labor-hours per unit. The total estimated overhead for next period is $100,485. What is the company's predetermined overhead rate? Answer...
Knowledge Check 01 Excerpt from Areojet Corporation Per Unit Per Month Selling price $ 200,000 Direct materials 40,000 Direct labor 10,000 Variable manufacturing overhead 2,000 Fixed manufacturing overhead $ 140,000 Variable selling and administrative expenses 20,000 Fixed selling and administrative expenses 40,000 January February March Beginning inventory 0 0 3 Units produced 4 5 2 Units sold 4 2 5 Ending inventory 0 3 0 What is the unit product cost for the month of February, using the variable costing...
Check my word Mickley Company's plantwide predetermined overhead rate is $23.00 per direct labor-hour and its direct labor wage rate is $14.00 per hour. The following information pertains to Job A-500: Direct materials Direct labor $ 270 $ 210 Required: 1. What is the total manufacturing cost assigned to Job A-500? 2. If Job A-500 consists of 50 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.) 1. Total manufacturing cost 2....
Pyramid Company applies overhead at a rate of $3.35 per direct labor hour. Using the data that follows for job 128, determine the cost of overhead applied to job 128. Direct materials $3,000 Direct labor cost $5,000 Direct labor hours 500 hours Machine time 300 hours