Homework Answers
from 75% learning total time taken=0.09*25=2.25
total manufacturing cost=20*2.25+43.75+0.5*20*2.25=$74.125
total cost=$74.125*1.2=$88.95
per unit cost=$3.558
Add Answer to:
2-49) Randy Duckout has been asked to develop an esti- mate of the per-unit selling price...
I NEED A VERY WELL DETAILED EXPLANATION 2-49 Randy Duckout has been asked to develop an...
I NEED A VERY WELL DETAILED EXPLANATION
2-49 Randy Duckout has been asked to develop an esti- mate of the per-unit selling price (the price that each unit will be sold for) of a new line of handcrafted booklets that offer excuses for missed appoint- ments. His assistant Doc Duckout has collected information that Randy will need in developing his estimate: Cost of direct labor $20 per hour Cost of materials $43.75 per batch of 25 booklets Cost of overhead...
The following data has been provided by your manufacturing department to estimate the standard cost of...
The following data has been provided by your manufacturing department to estimate the standard cost of producing a particular product. Direct Labor - $20 per hour. The first unit took 0.6 hours of direct labor but you want to base the cost estimate on the number of hours needed for the 25th unit. You expect a 75% learning curve to apply to the direct labor hours. Overhead-50% of Direct Labor Material $43.75 per 25 units What is your estimate of...
only need help with cost per unit and selling price per unit (C&D) Solomon Corporation estimated...
only need help with cost per unit and selling price per unit
(C&D)
Solomon Corporation estimated Its overhead costs would be $23,300 per month except for January when it pays the $99,660 annual Insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $122,960 ($99,660 + $23,300). The company expected to use 7,000 direct labor hours per month except during July August, and September when the company expected 9,100 hours of direct labor each month...
The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the tr
The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $45 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows:
2. (9 points) V Inc. manufactures a product with a selling price of $60 per unit....
2. (9 points) V Inc. manufactures a product with a selling price of $60 per unit. Direct Materials costs $12 per unit. Direct Labor costs $11 per unit. Variable Manufacturing Overhead costs $6 per unit. Fixed Manufacturing Overhead costs $34,000 per month. Variable Selling and Administrative Costs $5 per unit. Fixed Selling and Administrative costs $17,000. b) Complete the month’s Financial Statement Income Statement Budget for V Inc., assuming that they plan to sell 11,000 units of product. Total Sales...
(Fill in the blanks) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $50 per unit....
(Fill in the blanks) The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The selling price for the product will be $50 per unit. Probability distributions for the purchase cost, the labor cost, and the transportation cost are estimated as follows: Procurement Cost ($) Probability Labor Cost ($) Probability Transportation Cost ($) Probability 10 0.3 20 0.15 3 0.7 11 0.35 22 0.25 5 0.3 12 0.35 24 0.3...
Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per...
Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,000 units, is as follows: Direct materials Direct labor Overhead (2/3 of which is variable) Mazeppa has been approached by a distributor in Montana offering to buy a special order consisting of 30,000 relays. Mazeppa has the capacity to fill the order. However, it will incur an additional shipping cost of $2 for each relay it sells to...
(c) Compute the target selling price for R2-D2. (d) Compute variable cost per unit, fixed cost...
(c) Compute the target selling price for R2-D2. (d) Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 80,000 R2-D2s are produced sold during the year. T! : Bolivar Farm Supply Company manufactures and sells a fertilizer called Basic II. Prepare budgeted inca The following data are available for preparing budgets for Basic II for the first 2 quarters of statement and suppor 2017. budgets. (LO 1,2,3) 1. Sales: Quarter 1,40,000 bags; quarter...
Total Manufacturing Cost, Income Statement, Unit Cost, and Selling Price You are consulted by Investors, Inc.,...
Total Manufacturing Cost, Income Statement, Unit Cost, and Selling Price You are consulted by Investors, Inc., a group of investors planning a new product. They have estimates of the costs of materials, labor, overhead, and other expenses for 2016 but need to know how much to charge for each unit to earn a profit in 2016 equal to 10% of their estimated investment of $1,000,000 (ignore income taxes). Their plans indicate that each unit of the new product requires the...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per unit Hours spent by engineers improving design. Testing and inspection hours per unit Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator 3,200 units 1,250 750 1,500 0.5 hours 7% 520 Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator. Percentage of units repaired under warranty at customers' homes Average variable repair...
I NEED A VERY WELL DETAILED EXPLANATION
2-49 Randy Duckout has been asked to develop an esti- mate of the per-unit selling price (the price that each unit will be sold for) of a new line of handcrafted booklets that offer excuses for missed appoint- ments. His assistant Doc Duckout has collected information that Randy will need in developing his estimate: Cost of direct labor $20 per hour Cost of materials $43.75 per batch of 25 booklets Cost of overhead...
The following data has been provided by your manufacturing department to estimate the standard cost of producing a particular product. Direct Labor - $20 per hour. The first unit took 0.6 hours of direct labor but you want to base the cost estimate on the number of hours needed for the 25th unit. You expect a 75% learning curve to apply to the direct labor hours. Overhead-50% of Direct Labor Material $43.75 per 25 units What is your estimate of...
only need help with cost per unit and selling price per unit
(C&D)
Solomon Corporation estimated Its overhead costs would be $23,300 per month except for January when it pays the $99,660 annual Insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $122,960 ($99,660 + $23,300). The company expected to use 7,000 direct labor hours per month except during July August, and September when the company expected 9,100 hours of direct labor each month...
Mazeppa Corporation sells relays at a selling price of $28 per unit. The company's cost per unit, based on full capacity of 160,000 units, is as follows: Direct materials Direct labor Overhead (2/3 of which is variable) Mazeppa has been approached by a distributor in Montana offering to buy a special order consisting of 30,000 relays. Mazeppa has the capacity to fill the order. However, it will incur an additional shipping cost of $2 for each relay it sells to...
(c) Compute the target selling price for R2-D2. (d) Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 80,000 R2-D2s are produced sold during the year. T! : Bolivar Farm Supply Company manufactures and sells a fertilizer called Basic II. Prepare budgeted inca The following data are available for preparing budgets for Basic II for the first 2 quarters of statement and suppor 2017. budgets. (LO 1,2,3) 1. Sales: Quarter 1,40,000 bags; quarter...
Total Manufacturing Cost, Income Statement, Unit Cost, and Selling Price You are consulted by Investors, Inc., a group of investors planning a new product. They have estimates of the costs of materials, labor, overhead, and other expenses for 2016 but need to know how much to charge for each unit to earn a profit in 2016 equal to 10% of their estimated investment of $1,000,000 (ignore income taxes). Their plans indicate that each unit of the new product requires the...
Number of units manufactured and sold Selling price per unit Variable manufacturing and selling costs per unit Hours spent by engineers improving design. Testing and inspection hours per unit Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator 3,200 units 1,250 750 1,500 0.5 hours 7% 520 Percentage of units reworked in the plant after inspection Average variable rework costs per refrigerator. Percentage of units repaired under warranty at customers' homes Average variable repair...
Most questions answered within 3 hours.
-
Bargaining Models: what is the "Obsolescing Bargain"?
Bargaining Models: what are the factors that would tend...
asked 52 minutes ago -
1. A ball is thrown up into the air.
a) Draw motion diagram and the point-like...
asked 59 minutes ago -
1) Because money eliminates the "double coincidence of wants"
problem, the development of money as a...
asked 1 hour ago -
Company AAA produces only one product which other manufacturers
purchase as a component for their final...
asked 3 hours ago -
An
item can be appended to an array-based list, provided the lenght is
less than the...
asked 3 hours ago -
Two particles each have a rest mass energy of 30 MeV and are
traveling with a...
asked 5 hours ago -
why
is vectorization a faster alternative to loops?
asked 6 hours ago -
General Matter’s outstanding bond issue has a coupon rate of
11.8%, and it sells at a...
asked 7 hours ago -
Write a one page essay on how important is it to know your basic
accounting knowledge...
asked 7 hours ago -
You are a Senior Civil Engineer posted at the Contracts and
Procurement Division of the Ministry...
asked 7 hours ago -
When using the percentage of completion method, the
company
- recognizes revenues and gross profit each...
asked 7 hours ago -
Is a level production strategy suitable for a pure service
industry, such as professional accounting and...
asked 7 hours ago