1-4 please. the second picture has the options for 3
1.
Fixed Overhead = $230000 - 120000 x $0.40 = $182,000
2.
Manufacturing Overhead for Fourth Quarter = $182000 + 90000 x $0.40
= $218,000
Total Product Cost = $240000+90000+218000 = $548,000
Unit Product Cost = $548000 / 90000 = $6.09 per unit
3.
Answer is a. The fixed portion of the manufacturing overhead cost
is causing the unit product costs to fluctuate. The unit product
cost increases as the level of production decreases.
4.
Direct Material | $ 800,000 |
Direct Labor | $ 300,000 |
Manufacturing Overhead | $ 848,000 |
Total Product Cost | $ 1,948,000 |
Units Produced | 300000 |
Unit Product Cost | $ 6.49 |
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1-4 please. the second picture has the options for 3 Kingsport Containers Company makes a single...
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Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units to be produced (b) Estimated unit product cost (a) +...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Quarter First Second Third Fourth Direct materials $ 280,000 $ 140,000 $ 70,000 $ 210,000 Direct labor 80,000 40,000 20,000 60,000...
Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number of units to be produced (b) Estimated unit product cost (a) =...
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question 16
Exercise 2-11 Varying Plantwide Predetermined Overhead Rates (LO2-1, LO2-2, LO2-3] Kingsport Containers Company makes a single product that is subject to wide seasonal variations in demand. The company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. Its estimated costs, by quarter, for the coming year are given below: Direct materials Direct labor Manufacturing overhead Total manufacturing costs (a) Number...
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