Homework Answers
| a. | |||
| Predetermined overhead rate for machine related overhead | |||
| Predetermined overhead rate | (3900+9442+3390)/1780 | ||
| Predetermined overhead rate | $9.40 | per machine hour | |
| Predetermined overhead rate for material related overhead | |||
| Predetermined overhead rate | (2840+3608)/20800 | ||
| Predetermined overhead rate | $0.31 | ||
| b. | |||
| Calculate total costs of production and costs per unit | |||
| Jerseys | Shorts | ||
| Direct material costs | $11,900 | $8,900 | |
| Direct labor costs | $4,000 | $2,800 | |
| Manufacturing overhead | |||
| Machine related (970*9.40, 810*9.40) | $9,118 | $7,614 | |
| Material related (11900*0.31, 8900*0.31) | $3,689 | $2,759 | |
| Total production costs | $28,707 | $22,073 | |
| Units produced | 10900 | 4200 | |
| Costs per unit | $2.63 | $5.26 | |
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Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys Shorts Total 32,00 16,00 48.00 6.eee 4.8ee 1 e.see 1.2ee7281.92e $96. eee $64, see $160.ece $32,300 $19,200 $ 52,eee $266,400 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for
youth leagues. Most of the production is done by machine. Data on
operations and costs for March follow.
Jerseys
Shorts
Total
Units produced
9,900
5,500
15,400
Machine-hours used
1,020
770
1,790
Direct labor-hours
200
140
340
Direct materials costs
$
12,200
$
7,900
$
20,100
Direct labor costs
$
4,000
$
2,800
$
6,800
Manufacturing overhead costs
$
21,493
Management asks the firm’s cost accountant to compute product
costs. The accountant...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys 10,100 980 230 $12,300 $ 4,600 Shorts 5,600 820 110 $7,100 $2,200 Total 15,700 1,800 340 $19,400 $ 6,800 $21,438 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Total Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys 9.100 1,010 240 $11,500 $ 4,800 5.900 830 130 $8.900 $2,600 15,000 1.840 370 $20,400 $ 7,400 $20,820 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to two...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow: Jerseys Shorts Total Units produced 9,500 5,400 14,900 Machine-hours used 980 770 1,750 Direct labor-hours 210 140 350 Direct materials costs $ 11,600 $ 8,700 $ 20,300 Direct labor costs $ 4,200 $ 2,800 $ 7,000 Manufacturing overhead costs $ 22,274 Management asks the firm’s cost accountant to compute product costs. The accountant...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,320 400 1,720 Machine-hours 3,000 3,500 6,500 Direct labor-hours 3,500 3,400 6,900 Direct materials costs $ 10,000 $ 4,750 $ 14,750 Direct labor costs 64,500 35,500 100,000 Manufacturing overhead costs 192,600 Total costs $ 307,350 Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,140 410 1,550 Machine-hours 3,500 3,000 6,500 Direct labor-hours 3,400 3,100 6,500 Direct materials costs $ 12,000 $ 4,050 $ 16,050 Direct labor costs 62,000 53,000 115,000 Manufacturing overhead costs 204,205 Total costs $ 335,255 Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,360
260
1,620
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,500
5,600
Direct materials costs
$
10,000
$
4,350
$
14,350
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
205,355
Total costs
$
334,705
Tiger Furnishings’s CFO believes that a two-stage cost allocation
system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 950 400 1,350 Machine-hours 3,100 2,700 5,800 Direct labor-hours 3,000 2,000 5,000 Direct materials costs $ 8,400 $ 4,100 $ 12,500 Direct labor costs 55,700 33,800 89,500 Manufacturing overhead costs 164,720 Total costs $ 266,720 Required: Compute the predetermined overhead rate assuming that Tiger Furnishings uses machine-hours to allocate overhead costs....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,320
320
1,640
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,200
5,300
Direct materials costs
$
16,000
$
4,050
$
20,050
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
199,085
Total costs
$
334,135
Tiger Furnishings’s CFO believes that a two-stage cost
allocation system would give managers better cost information....
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys Shorts Total 32,00 16,00 48.00 6.eee 4.8ee 1 e.see 1.2ee7281.92e $96. eee $64, see $160.ece $32,300 $19,200 $ 52,eee $266,400 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to...
Donovan & Parents produces soccer shorts and jerseys for
youth leagues. Most of the production is done by machine. Data on
operations and costs for March follow.
Jerseys
Shorts
Total
Units produced
9,900
5,500
15,400
Machine-hours used
1,020
770
1,790
Direct labor-hours
200
140
340
Direct materials costs
$
12,200
$
7,900
$
20,100
Direct labor costs
$
4,000
$
2,800
$
6,800
Manufacturing overhead costs
$
21,493
Management asks the firm’s cost accountant to compute product
costs. The accountant...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys 10,100 980 230 $12,300 $ 4,600 Shorts 5,600 820 110 $7,100 $2,200 Total 15,700 1,800 340 $19,400 $ 6,800 $21,438 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Total Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys 9.100 1,010 240 $11,500 $ 4,800 5.900 830 130 $8.900 $2,600 15,000 1.840 370 $20,400 $ 7,400 $20,820 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to two...
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,360
260
1,620
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,500
5,600
Direct materials costs
$
10,000
$
4,350
$
14,350
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
205,355
Total costs
$
334,705
Tiger Furnishings’s CFO believes that a two-stage cost allocation
system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,320
320
1,640
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,200
5,300
Direct materials costs
$
16,000
$
4,050
$
20,050
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
199,085
Total costs
$
334,135
Tiger Furnishings’s CFO believes that a two-stage cost
allocation system would give managers better cost information....
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