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St. Kilda Enterprises produces parts for the electronics industry. The production manager and cost analyst reviewed...
St. Kilda Enterprises produces parts for the electronics industry. The production manager and cost analyst reviewed...
St. Kilda Enterprises produces parts for the electronics industry. The production manager and cost analyst reviewed the accounts for the previous month and have provided an estimated breakdown of the fixed and variable portions of manufacturing overhead. Fixed Variable Total Indirect materials $ 5,000 $ 10,000 $ 15,000 Indirect labor 3,000 17,000 20,000 Supervision 11,000 4,000 15,000 Depreciation 38,000 6,000 44,000 Maintenance 18,000 23,000 41,000 Total $ 75,000 $ 60,000 $ 135,000 Direct materials for the month amounted to $107,500....
Indirect materials Indirect labor Supervision Depreciation Maintenance Total Fixed $2,000 1,500 8,000 35,000 15,000 $ 61,500...
Indirect materials Indirect labor Supervision Depreciation Maintenance Total Fixed $2,000 1,500 8,000 35,000 15,000 $ 61,500 variable $7,000 15,500 2,500 3,000 20,000 $ 48,000 Total $ 9,000 17, 19,500 38,000 35,000 $109,500 Direct materials for the month amounted to $92.500. Direct labor for the month was $187.500. During the month, 12.500 units were produced Required: a. No changes are expected in these cost relations next month. The firm has budgeted production of 16.250 units. Provide an estimate for total production...
Required information Ramos Co. provides the following sales forecast and production budget for the next four mont...
Required information Ramos Co. provides the following sales forecast and production budget for the next four months: July April May 670 June Sales (units) Budgeted production (units) 590 620 690 530 660 630 630 The company plans for finished goods inventory of 210 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30 % of next month's production...
Marine Enterprises has developed the following unit costs for the production of one of its products,...
Marine Enterprises has developed the following unit costs for the production of one of its products, based on a normal activity of 16,500 units per month: Direct materials Direct labor Variable overhead Fixed overhead 2.0 pounds @ $10 = $20.00 1.5 hours @ $13 = $19.50 130% of direct labor cost 150% of direct labor cost What is the total amount of direct labor budgeted for a month in which production is expected to be 17,500 units? O $227,500 $321,750....
Required information [The following information applies to the questions displayed below.) Cooper Corporation produces decorator wall...
Required information [The following information applies to the questions displayed below.) Cooper Corporation produces decorator wall coverings. Budgeted production is 240,000 square feet per month, and the standard direct labor requirement to make this amount is 6,000 hours. All overhead is allocated based on direct labor hours. The following information is available: Production in units Total labor hours Budgeted Amounts 260,000 6,500 Actual Results 320,000 8,000 Total variable overhead Total fixed overhead Total overhead $ 9,750 $ 6,500 $ 16,250...
Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells...
Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells 17,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $7.60 $ 4.60 $2.10 $ 5.60 $ 4.10 $ 3.10 $1.60 $1.10 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required 3 Required 2 Required 1 1. Assume the cost object is units of production: a. What...
MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost...
MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $19 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $19,000 per month. The company's policy is to end each month with direct materials inventory equal to 40% of the next month's materials requirement. At the end of August the...
Check my work Required information Ramos Co. provides the following sales forecast and production budget for...
Check my work Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 560 500 May 640 630 Dune 590 600 660 600 The company plans for finished goods inventory of 180 units at the end of June. In addition, each finished unit requires 6 pounds of direct materials and the company warſts to end each month with direct materials inventory equal to 25% of next month's...
Kubin Company's relevant range of production is 26,000 to 35,500 units. When it produces and sells...
Kubin Company's relevant range of production is 26,000 to 35,500 units. When it produces and sells 30,750 units, its average costs per unit are as follows: Average Cost per Unit $ 8.60 $ 5.60 $ 3.10 $ 6.60 $ 5.10 $ 4.10 $ 2.60 $ 2.10 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense points 8 01:24:30 Skipped Required: 1. Assume the cost object is units of...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
Indirect materials Indirect labor Supervision Depreciation Maintenance Total Fixed $2,000 1,500 8,000 35,000 15,000 $ 61,500 variable $7,000 15,500 2,500 3,000 20,000 $ 48,000 Total $ 9,000 17, 19,500 38,000 35,000 $109,500 Direct materials for the month amounted to $92.500. Direct labor for the month was $187.500. During the month, 12.500 units were produced Required: a. No changes are expected in these cost relations next month. The firm has budgeted production of 16.250 units. Provide an estimate for total production...
Required information Ramos Co. provides the following sales forecast and production budget for the next four months: July April May 670 June Sales (units) Budgeted production (units) 590 620 690 530 660 630 630 The company plans for finished goods inventory of 210 units at the end of June. In addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials inventory equal to 30 % of next month's production...
Marine Enterprises has developed the following unit costs for the production of one of its products, based on a normal activity of 16,500 units per month: Direct materials Direct labor Variable overhead Fixed overhead 2.0 pounds @ $10 = $20.00 1.5 hours @ $13 = $19.50 130% of direct labor cost 150% of direct labor cost What is the total amount of direct labor budgeted for a month in which production is expected to be 17,500 units? O $227,500 $321,750....
Required information [The following information applies to the questions displayed below.) Cooper Corporation produces decorator wall coverings. Budgeted production is 240,000 square feet per month, and the standard direct labor requirement to make this amount is 6,000 hours. All overhead is allocated based on direct labor hours. The following information is available: Production in units Total labor hours Budgeted Amounts 260,000 6,500 Actual Results 320,000 8,000 Total variable overhead Total fixed overhead Total overhead $ 9,750 $ 6,500 $ 16,250...
Kubin Company's relevant range of production is 15,000 to 19,000 units. When it produces and sells 17,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $7.60 $ 4.60 $2.10 $ 5.60 $ 4.10 $ 3.10 $1.60 $1.10 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Required 3 Required 2 Required 1 1. Assume the cost object is units of production: a. What...
MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $19 per hour. Variable manufacturing overhead is charged at a rate of $3 per direct labor hour. Fixed manufacturing overhead is $19,000 per month. The company's policy is to end each month with direct materials inventory equal to 40% of the next month's materials requirement. At the end of August the...
Check my work Required information Ramos Co. provides the following sales forecast and production budget for the next four months. Sales (units) Budgeted production (units) April 560 500 May 640 630 Dune 590 600 660 600 The company plans for finished goods inventory of 180 units at the end of June. In addition, each finished unit requires 6 pounds of direct materials and the company warſts to end each month with direct materials inventory equal to 25% of next month's...
Kubin Company's relevant range of production is 26,000 to 35,500 units. When it produces and sells 30,750 units, its average costs per unit are as follows: Average Cost per Unit $ 8.60 $ 5.60 $ 3.10 $ 6.60 $ 5.10 $ 4.10 $ 2.60 $ 2.10 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense points 8 01:24:30 Skipped Required: 1. Assume the cost object is units of...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
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> The table provides a breakdown of the variable and fixed overhead costs when 12,500 units are produced. We need to determine what these costs will be next month (when 16,250 units are produced). The fixed cost ($74,100) will be the same next month, but the variable cost will increase from $59,200 ($4.736/unit) to $76,960 ($4.736/unit * 16,250 units).
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Jack Stukenborg Mon, Feb 21, 2022 2:14 PM