Homework Answers
Its a variable cost, as assembly line workers are paid $12 for each hour. Total cost paid to each worker will vary based on number of hours they worked.
Therefore, the correct answer is d. Variable cost.
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A manufacturing company pays an assembly line worker $12 per hour. What is the proper classification...
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Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $50 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments: Assembly Department Sanding Department Actual results Direct labor hours used Machine hours used 10 o The...
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Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $50 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments: Assembly Department Sanding Department Actual results Direct labor hours used Machine hours used 10 o The...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $60 per machine hour, while the Sanding Department uses a departmental overhead rate of $30 per direct labor hour. Job 542 used the following direct labor hours and machine hours in the two departments Assembly Department 9 Sanding Department Actual results Direct labor hours used Machine hours used The cost...
The wages paid to an assembly line worker in a manufacturing plant are: a product cost, but not part of factory overhead b. a product cost that is also part of factory overhead c. neither a product cost nor part of factory overhead 2. Manufacturing overhead does not include: the cost of thread used in making upholstered furniture of b. depreciation on factory equipment wages paid to a factory security guard a) the cost of shipping finished products to customers...
Lucas Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $35 per machine hour, while the Sanding Department uses a departmental overhead rate of $25 per direct labor hour, Job 003 used the following direct labor hours and machine hours in the two departments Assembly Sanding Actual results Department Department Direct labor hours used Machine hours used The cost for...
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Muldorf, Inc. has two manufacturing departments, Forming and Assembly. The company applies manufacturing overhead to jobs using a predetermined rate based on machine hours in the Forming Department and on direct labor hours in the Assembly Department. Information used to compute predetermined rates is given below: Estimated total manufacturing overhead cost Estimated machine hours Estimated direct labor hours Forming Assembly $325,000 $200,000 100,000 60,000 25,000 80,000 Job 99 required 400 machine hours in the Forming Department and 200 direct labor...
It costs Homer's Manufacturing $0.45 to produce baseballs and Homer sells them for $5 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $12,000 a month rent for his factory and store, and also pays $79,000 a month to his staff in addition to the commissions. Homer sold 68,500 baseballs in June. If Homer prepares a contribution margin income statement for the month of June, what would be his contribution...
Fickel Company has two manufacturing departments–Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $16.00 per direct labor-hour and $12.00 per direct labor-hour, respectively. The company's direct labor wage rate is $20.00 per hour. The following information pertains to Job N-60: Testing & Packaging $ 25 $ 40 Assembly $ 340 $ 180 Direct materials Direct labor Required: 1. What is the total manufacturing cost assigned to Job N-60? 2. If Job N-60...
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