Question

Sherman, Inc. manufactures chainsaws that sell for $70. Each chainsaw uses $12 in direct materials and $7 in direct labor per
0 0
Add a comment Improve this question Transcribed image text
Answer #1

  

Add a comment
Know the answer?
Add Answer to:
Sherman, Inc. manufactures chainsaws that sell for $70. Each chainsaw uses $12 in direct materials and...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Sherman, Inc. manufactures chainsaws that sell for $66. Each chainsaw uses $14 in direct materials and...

    Sherman, Inc. manufactures chainsaws that sell for $66. Each chainsaw uses $14 in direct materials and $9 in direct labor per unit. Sherman has two activities: Machining, which is applied at the rate of $4 per machine hour, and Finishing, which is applied at the rate of $20 per batch. This month, Sherman made 250 chainsaws, using 1,125 machine hours in 50 batches. What is the total manufacturing cost for one chainsaw? (Do not round intermediate calculations.)

  • Sherman, Inc. manufactures chainsaws that sell for $78. Each chainsaw uses $18 in direct materials and...

    Sherman, Inc. manufactures chainsaws that sell for $78. Each chainsaw uses $18 in direct materials and $7 in direct labor per unit. Sherman has two activities: Machining, which is applied at the rate of $5 per machine hour, and Finishing, which is applied at the rate of $27 per batch. This month, Sherman made 220 chainsaws, using 1.466 machine hours in 30 batches. What is the total manufacturing cost for one chainsaw? (Do not round Intermediate calculations.) Multiple Choice 0...

  • Pima, Inc. manufactures calculators that sell for $49 each. Each calculator uses $18 in direct materials...

    Pima, Inc. manufactures calculators that sell for $49 each. Each calculator uses $18 in direct materials and $8 in direct labor per unit. Pima has two activities: Machining, which is applied at the rate of $4 per machine hour, and Finishing, which is applied at the rate of $20 per batch. This month, Pima made 430 calculators, using 1,075 machine hours in 43 batches. What is the gross profit for one calculator?

  • o different activities: Machining, which uses machine hours as Washington, Inc. produces two different products (Product...

    o different activities: Machining, which uses machine hours as Washington, Inc. produces two different products (Product Cand Product 2) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $682,000, while the cost of Inspection is $42,265. The activity drivers are used as follows: Machine hours Number of batches Product C 1,300 55 Product 2 3,100 24 Total 4,400 79 What...

  • help ASAP delete that sell for 855 ccaen. Een calculator Pima , Inc. manufactures calculators 2....

    help ASAP delete that sell for 855 ccaen. Een calculator Pima , Inc. manufactures calculators 2. nononny soild oso retu Sh 300 nargir we ora uses $20 in direct materials and $10 in direct labor per unit. Pina has two activities: maching, which is applied at the rate of $14 permaenine hour and foinishing, which is applied at the rate of $20 per batch. This month, ping made nest calculators, using 11125 nachine hours in his batones. unat is the...

  • 20. Amelia Company had the following information for the year: Direct materials used S295,000 Direct labor...

    20. Amelia Company had the following information for the year: Direct materials used S295,000 Direct labor incurred (9,000 hours) $245.000 Actual manufacturing overhead incurred $343,000 Amelia Company used a predetermined overhead rate using estimated overhead of S320,000 and 8,000 estimated direct labor hours. How much overhead was applied during the year? A. $245.000 B. $343.000 C. $360,000 D. $320,000 21. Pima, Inc. manufactures calculators that sell for $40 each. Each calculator uses S15 in direct materials and $5 in direct...

  • Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $145 each....

    Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $145 each. Direct materials cost $17 per unit, and direct labor costs $12 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing costs are $35 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.) Multiple Choice

  • Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $100 each....

    Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $100 each. Direct materials cost $18 per unit, and direct labor costs $14 per unit. Manufacturing overhead is applied at a rate of 150% of direct labor cost. Nonmanufacturing costs are $36 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar) Multiple Choice 11.0% 71.5% 470% 89.0%

  • Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $170 each....

    Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $170 each. Direct materials cost $20 per unit, and direct labor costs $13 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing costs are $37 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.) Multiple Choice 65.3% 39.0% Oo oo 56.5% 43.5%

  • Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $160 each...

    Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $160 each Direct materials cost $21 per unit, and direct labor costs $98 per unit Manufacturing overhead is applied at a rate of 150% of direct labor cost. Nonmanufacturing costs are $34 per unit What is the gross profit margin for the cat condos? (found your intermediate calculations to nearest whole della Maple Choice o 375 o о 58 BN O 450 O 6253

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT