Homework Answers
Semi
fixed costs are those which are fixed up to a certain limit and
thereafter changes with change with the level of usage.
In the present case 1500 is the fixed portion and after that 0.50 per sheet is variable part of the costs.
Q 29 Option A Semi Fixed Costs is the correct answer.
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D Question 37 1 pts Hen has a single production process, for which the following costs...
wing costs have been HEN AEN has a single production process, for which the following coste...
wing costs have been HEN AEN has a single production process, for which the following coste estimated for the period ending 31st December Year 7: GH¢ Material receipt and inspection costs 31,200 Power costs 39,000 Material handling costs 27,300 HEN makes three products - X, Y and Z. These products are made by group of employees, using power drills. The employees are paid GH¢8 The following budgeted information has been obtained for the period endir December Year 7: ade by...
Q.1 Amben LTD, makes a product, the Arigato, which has the following unit costs: Direct materials...
Q.1 Amben LTD, makes a product, the Arigato, which has the following unit costs: Direct materials $8, Direct labour cost $4, variable production cost $2. The company has fixed selling price at $30 per unit. At the beginning of September 2020, there were no opening inventories and production during the month was 20,000 units. Fixed costs for the month were $45,000 (production administration, sales, and distribution). There were no variable marketing costs. Required Calculate the contribution and profit for September...
D Question 23 1 pts Keys Corporation makes a product with the following standard costs: Standard...
D Question 23 1 pts Keys Corporation makes a product with the following standard costs: Standard Quantity Standard Price Standard Cost Per Unit Direct materials 6.5 pounds $7.00 per pound $45.50 Direct labor 0.6 hours $ 24.00 per hour $14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to...
QUESTION 2 Dasebre Ltd produces and sells one product with the brand name Sobolo. The standard...
QUESTION 2 Dasebre Ltd produces and sells one product with the brand name Sobolo. The standard cost for one unit being as follows: GHS 200 30 30 Direct material A-10 kilograms at GHS20 per kg Direct material B - 5 litres at GHS per litre Direct wages - 5 hours at GHS6 per hour Variable production overhead Total standard cost 50 310 The variable production Overheads is incurred in direct proportion to the direct labour hours worked. The budgeted sales...
Talia Company produces a single product. The company has set standards as follows for materials and...
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Talia Company produces a single product. The company has set standards as follows for materials and...
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Question 3 5.52 pts Kartman Corporation makes a product with the following standard costs: 7.00 Per...
Question 3 5.52 pts Kartman Corporation makes a product with the following standard costs: 7.00 Per Standard Quantity or Standard Cost Hours Standard Price or Rate Per Unit Direct materials 6.5pounds $ $ 45.50 pound Direct labor 0.6hours $ 24.00per hour $ 14.40 Variable overhead 0.6hours $ 4.00per hour $ 2.40 In June the company's budgeted production was 3.400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours...
QUESTION 1 (3C 1.1 INFORMATION: Britelite Manufacturers produces a product which has the following standard costs:...
QUESTION 1 (3C 1.1 INFORMATION: Britelite Manufacturers produces a product which has the following standard costs: Material A: 3 kilograms at R20 per kilogram Material B:5 kilograms at R15 per kilogram Direct labour: 8 hours at R10 per hour Fixed overheads: R120 000 Budgeted production: 9000 units Actual results for February 2019 were as follows: Material A: 32 500 kg at R22 per kilogram Material B: 54 000 kg at R14 per kilogram Direct labour: 88 000 hours at R12...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $65,000 30,000 70,000 $55,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours 165,000 $100,000 The following activity predictions were also made for the year Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
A company produces a product which has a standard variable production cost of $8 per unit made up as follows: ...
A company produces a product which has a standard variable production cost of $8 per unit made up as follows: $ Per Unit Direct material $4.60 (2kg X $2.30 per kg) Direct labour $2.10 (0.7 hours x $3.00 per hour) Variable overhead $1.3 Fixed manufacturing costs are treated as period costs. The following information is available for the period just ended, Variable manufacturing cost of sales (at standard cost) $263,520 Opening stock of finished goods (at standard cost) $120,800 Closing...
wing costs have been HEN AEN has a single production process, for which the following coste estimated for the period ending 31st December Year 7: GH¢ Material receipt and inspection costs 31,200 Power costs 39,000 Material handling costs 27,300 HEN makes three products - X, Y and Z. These products are made by group of employees, using power drills. The employees are paid GH¢8 The following budgeted information has been obtained for the period endir December Year 7: ade by...
D Question 23 1 pts Keys Corporation makes a product with the following standard costs: Standard Quantity Standard Price Standard Cost Per Unit Direct materials 6.5 pounds $7.00 per pound $45.50 Direct labor 0.6 hours $ 24.00 per hour $14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to...
QUESTION 2 Dasebre Ltd produces and sells one product with the brand name Sobolo. The standard cost for one unit being as follows: GHS 200 30 30 Direct material A-10 kilograms at GHS20 per kg Direct material B - 5 litres at GHS per litre Direct wages - 5 hours at GHS6 per hour Variable production overhead Total standard cost 50 310 The variable production Overheads is incurred in direct proportion to the direct labour hours worked. The budgeted sales...
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Talia Company produces a single product. The company has set
standards as follows for materials and labour:
Direct Materials
Direct Labour
Standard quantity or hours per unit
? kilograms
1.25 hours
Standard price or rate.
? per kilogram
$
10 per hour
Standard cost per unit
?
$
11.25
During the past month, the company purchased 3,000 kilograms of
direct materials at a cost of $8,250. All of this material was used
in the production of 700 units of product....
Question 3 5.52 pts Kartman Corporation makes a product with the following standard costs: 7.00 Per Standard Quantity or Standard Cost Hours Standard Price or Rate Per Unit Direct materials 6.5pounds $ $ 45.50 pound Direct labor 0.6hours $ 24.00per hour $ 14.40 Variable overhead 0.6hours $ 4.00per hour $ 2.40 In June the company's budgeted production was 3.400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours...
QUESTION 1 (3C 1.1 INFORMATION: Britelite Manufacturers produces a product which has the following standard costs: Material A: 3 kilograms at R20 per kilogram Material B:5 kilograms at R15 per kilogram Direct labour: 8 hours at R10 per hour Fixed overheads: R120 000 Budgeted production: 9000 units Actual results for February 2019 were as follows: Material A: 32 500 kg at R22 per kilogram Material B: 54 000 kg at R14 per kilogram Direct labour: 88 000 hours at R12...
Activity-Based Costing Slack Corporation has the following predicted indirect costs and cost drivers for 2016 for the given activity cost pools Fabrication Department Finishing Department Cost Driver Maintenance Materials handling Machine setups Inspections $65,000 30,000 70,000 $55,000 Machine hours 15,000 Material moves 5,000 Machine setups 25,000 Inspection hours 165,000 $100,000 The following activity predictions were also made for the year Machine hours Material moves Machine setups Inspection hours Fabrication Department Finishing Department 5,000 1,500 50 1,000 10,000 3,000 700 It...
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