Homework Answers
| Answer: | |
|
Total Annual Rent = $ 9,000 x 12 |
$ 108,000 |
|
Rate per Hour = Total Annual Rent / No. of labor Hours = $ 108,000 / 4,000 hours |
$ 27 per Hour |
| Allocated Cost | |
|
January ( 410 hours x $ 27 ) |
$ 11,070 |
|
February ( 680 hours x $ 27) |
$ 18,360 |
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Baird Manufacturing Co. expects to make 31,300 chairs during the 2017 accounting period. The company made 3,500 chairs in January. Materials and labor costs for January were $17,500 and $25,200, respectively. Baird produced 1,300 chairs in February Material and labor costs for February were $9,300 and $13,800, respectively. The company paid the $313,000 annual rental fee on its manufacturing facility on January 1, 2017 Required Assuming that Baird desires to sell its chairs for cost plus 15 percent of cost,...
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newconnect.mheducation.com Chap 4A Seved Help Save & Exit Su Check my Production workers for Munoz Manufacturing Company provided 4,800 hours of labor in January and 2,700 hours in February. The company, whose operation is labor intensive, expects to use 48,700 hours of labor during the year. Munoz paid a $107,140 annual premium on July 1 of the prior year for an insurance policy that covers the manufacturing facility for the following 12 months. Required Based on this information, how much...
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Campbell Manufacturing Co. expects to make 31,700 chairs during the 2017 accounting period. The company made 4,200 chairs in January. Materials and labor costs for January were $16,200 and $24,100, respectively. Campbell produced 1,500 chairs in February. Material and labor costs for February were $8,600 and $12,800, respectively. The company paid the $475,500 annual rental fee on its manufacturing facility on January 1, 2017. Required Assuming that Campbell desires to sell its chairs for cost plus 40 percent of cost,...
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Perez Manufacturing Co. expects to make 30,300 chairs during the 2017 accounting period. The company made 4,700 chairs in January. Materials and labor costs for January were $17,100 and $25,500, respectively. Perez produced 2,300 chairs in February Material and labor costs for February were $9,300 and $13,600, respectively. The company paid the $484,800 annual rental fee on its manufacturing facility on January 1, 2017 Required Assuming that Perez desires to sell its chairs for cost plus 10 percent of cost,...
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