Homework Answers
Budgeted total direct labor hours
= Basic lamps (23,000*0.8) + Designer lamps (5,400*0.9)
= 23,260 hours
| Budgeted indirect manufacturing costs | / | Budgeted manufacturing labor hours | = | Budgeted moh rate |
| 651,280 | 23,260 | 28 per manufacturing labor hour |
Vanderbilt Metal Works produces two types of metal lamps. Vanderbilt manufactures 23,000 basic lamps and 5,400...
Vanderbilt Metal Works produces two types of metal lamps. Vanderbilt manufactures 23,000 basic lamps and 5,400 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information: Click the icon to view the information.) Calculate the total budgeted costs of the basic and designer lamps using Vanderbilt's simple costing system. Begin by calculating the budgeted indirect cost rate for...
How did they get Indirect Cost Allocated? I need to see the calculations and/or formula. Thank...
How did they get Indirect Cost
Allocated? I need to see the calculations and/or formula. Thank
you!
(%) T15-1 (similar to) Question Help Cornell Metal Works produces two types of metal lamps. Cornell manufactures 24,000 basic lamps and 4,500 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information EE (Click the icon to view the information.) Calculate...
Score: 0 of 1 pt 6 of 9 (0 complete) HW Score: 0%, 0 of 10...
Score: 0 of 1 pt 6 of 9 (0 complete) HW Score: 0%, 0 of 10 pts E4-21A (similar to) E Question Help Santry Industries manufactures a variety of custom products. The company has traditionally used a Expected usage and costs for manufacturing overhead activities for the upcoming year are as plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products.The company estimates that it will incur $1,490,000 in total manufacturing(Click the icon to view...
b. The company's ABC system uses two indirect-cost pools. One cost pool is for set up...
b. The company's ABC system uses two indirect-cost pools. One cost pool is for set up costs and the other for advertising, Zany Brainy allocates set up costs to the two lamps based on setup labour-hours and advertising costs based on the direct manufacturing labour-hours. Under ABC system, determine total product cost per unit of each of the company's two products. (25 marks) Answer following questions based on the scenario of Zany Brainy: Zany Brainy Corp. manufactures two types of...
aments 2 of 2 (0 complete) HW Score: 0%, 0 of 2 pts Score: 0 of...
aments 2 of 2 (0 complete) HW Score: 0%, 0 of 2 pts Score: 0 of 1 pt E4-26 (similar to) E Question Help Smith Partners, a management consulting firm has the following condensed budget for 2017 Click the icon to view the condensed budget.) Smith has a single direct-cost category (professional labor) and a single indirect-cost pool (client support). Indirect costs are allocated to jobs on the basis of professional labor costs Read the requirements Requirement 1. Identify the...
Answer following questions based on the scenano Zany Brainy: Zany Brainy Corp. manufactures two types of...
Answer following questions based on the scenano Zany Brainy: Zany Brainy Corp. manufactures two types of lamps, Home size and Industry size lamps. Company produces 15,000 Home size lamp and 5,000 Industry Size lamps. Following is the data provided about these two products: Total Home size Industry lamp size lamp $7 $12 $12.00 $12.00 0.50 0.6 $120.000 Direct Materials per unit Direct manufacturing labour rate per unit Direct labour hours per unit Set up costs Lamps produced per patch Set...
Zany Brainy Corp. manufactures two types of lamps, Home size and Industry size lamps. Company produces...
Zany Brainy Corp. manufactures two types of lamps, Home size and Industry size lamps. Company produces 15,000 Home size lamp and 5,000 Industry size lamps. Following is the data provided about these two products: Home size lamp Industry size lamp Total Direct Materials per unit $7 $12 Direct manufacturing labour rate per unit $12.00 $12.00 Direct labour hours per unit 0.50 0.6 Set up costs $120,000 Lamps produced per patch 200 50 Set up hour per patch 1 3 Quality...
Question 2: Job Costing vs. ABC Costing Suggested time: 45 minutes Answer following questions based on...
Question 2: Job Costing vs. ABC Costing Suggested time: 45 minutes Answer following questions based on the scenario of Zany Brainy: Zany Brainy Corp. manufactures two types of lamps, Home size and Industry size lamps. Company produces 10,000 Home size lamps and 2,000 Industry size lamps. Following is the data provided about these two products: Home size lamp Industry size lamp Total Direct materials per unit $10 $15 Direct manufacturing labour rate per unit $16.00 $16.00 Direct labour hours per...
Question 2: Job Costing vs. ABC Costing Suggested time: 45 minutes Answer following questions based on...
Question 2: Job Costing vs. ABC Costing Suggested time: 45 minutes Answer following questions based on the scenario of Zany Brainy: Zany Brainy Corp. manufactures two types of lamps, Home size and Industry size lamps. Company produces 10,000 Home size lamps and 2,000 Industry size lamps. Following is the data provided about these two products: Home size lamp Industry size lamp Total Direct materials per unit $10 $15 Direct manufacturing labour rate per unit $16.00 $16.00 Direct labour hours per...
VAL Editing Ev Ev Av Ov А" А В I U Dv Av A Question 2:...
VAL Editing Ev Ev Av Ov А" А В I U Dv Av A Question 2: Job Costing vs. ABC Costing Suggested time: 45 minutes Answer following questions based on the scenario of Zany Brainy: Zany Brainy Corp. manufactures two types of lamps. Home size and Industry size lamps. Company produces 10,000 Home size lamps and 2,000 Industry size lamps. Following is the data provided about these two products, Total Home size lamp S10 $16.00 Industry size lamp $15 $16.00...
Vanderbilt Metal Works produces two types of metal lamps. Vanderbilt manufactures 23,000 basic lamps and 5,400 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information: Click the icon to view the information.) Calculate the total budgeted costs of the basic and designer lamps using Vanderbilt's simple costing system. Begin by calculating the budgeted indirect cost rate for...
How did they get Indirect Cost
Allocated? I need to see the calculations and/or formula. Thank
you!
(%) T15-1 (similar to) Question Help Cornell Metal Works produces two types of metal lamps. Cornell manufactures 24,000 basic lamps and 4,500 designer lamps. Its simple costing system uses a single indirect-cost pool and allocates costs to the two lamps on the basis of direct manufacturing labor-hours. It provides the following budgeted cost information EE (Click the icon to view the information.) Calculate...
Score: 0 of 1 pt 6 of 9 (0 complete) HW Score: 0%, 0 of 10 pts E4-21A (similar to) E Question Help Santry Industries manufactures a variety of custom products. The company has traditionally used a Expected usage and costs for manufacturing overhead activities for the upcoming year are as plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products.The company estimates that it will incur $1,490,000 in total manufacturing(Click the icon to view...
b. The company's ABC system uses two indirect-cost pools. One cost pool is for set up costs and the other for advertising, Zany Brainy allocates set up costs to the two lamps based on setup labour-hours and advertising costs based on the direct manufacturing labour-hours. Under ABC system, determine total product cost per unit of each of the company's two products. (25 marks) Answer following questions based on the scenario of Zany Brainy: Zany Brainy Corp. manufactures two types of...
aments 2 of 2 (0 complete) HW Score: 0%, 0 of 2 pts Score: 0 of 1 pt E4-26 (similar to) E Question Help Smith Partners, a management consulting firm has the following condensed budget for 2017 Click the icon to view the condensed budget.) Smith has a single direct-cost category (professional labor) and a single indirect-cost pool (client support). Indirect costs are allocated to jobs on the basis of professional labor costs Read the requirements Requirement 1. Identify the...
Answer following questions based on the scenano Zany Brainy: Zany Brainy Corp. manufactures two types of lamps, Home size and Industry size lamps. Company produces 15,000 Home size lamp and 5,000 Industry Size lamps. Following is the data provided about these two products: Total Home size Industry lamp size lamp $7 $12 $12.00 $12.00 0.50 0.6 $120.000 Direct Materials per unit Direct manufacturing labour rate per unit Direct labour hours per unit Set up costs Lamps produced per patch Set...
VAL Editing Ev Ev Av Ov А" А В I U Dv Av A Question 2: Job Costing vs. ABC Costing Suggested time: 45 minutes Answer following questions based on the scenario of Zany Brainy: Zany Brainy Corp. manufactures two types of lamps. Home size and Industry size lamps. Company produces 10,000 Home size lamps and 2,000 Industry size lamps. Following is the data provided about these two products, Total Home size lamp S10 $16.00 Industry size lamp $15 $16.00...
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