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As production manager, Mr. B is asked to track the manufacturing cost per unit on the...
MFG Manufacturing sells a product for $40 per unit. The production cost of the product is $21 per unit: direct materials of $8, direct labor of $7, variable overhead of $4 and fixed overhead of $2. The fixed overhead per unit comes from dividing $500,000 of fixed factory overhead by 250,000 units produced. In addition, MFG pays $3 for shipping each unit sold. Finally, MFG has fixed costs outside the factory (such as office building depreciation and salaries) that total...
Spree Party Lights overhead expenses are: Indirect material, pounds per unit 0.30 Indirect material, cost per pound $2 Indirect labor hours 1 Indirect labor rate per hour $16.50 Variable maintenance per unit $0.70 Variable utilities per unit $0.20 Supervisor salaries $9,000 Maintenance salaries $8,000 Insurance $3,000 Depreciation $1,400 Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively. Spree Party Lights Manufacturing Overhead Budget For the Quarter...
Sandhill Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3.900 units. The utilities and maintenance costs are more costs. The fored portions of these costs are $387 and $258, respectively. 3.900 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation 59.675 27.420 3.702 1.290 5,805 2451 1.233 3.096 Identify the above costs as variable, fixed, or med. Costs Direct...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 4,236 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $424 and $282, respectively. 4.236 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $10,590 25,416 2,965 1,412 6,354 2,683 1,553 3,389 Identify the above costs as variable, fixed, or mixed. Cost Direct...
PCB Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,357 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $336 and $224, respectively. Production in Units 3,357 Production Costs Direct materials $8,392 Direct labor 20,142 Utilities 2,350 Property taxes 1,119 Indirect labor 5,035 Supervisory salaries 2,126 Maintenance 1,231 Depreciation 2,686 Calculate variable costs per unit, variable cost per unit for utilities...
Mitchell Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. a. Sales for the final quarter of the prior year total 300 units. Expected sales in units) for the current year are: 270 (Quarter 1), 180 (Quarter 2), 240 (Quarter 3), and 240 (Quarter 4). Sales for the first quarter of the following year total 360 units. The selling price is $610 per unit in the first three quarters of...
Mitchell Inc. has gathered the following budgeting information for next year and has asked you to prepare their master budget. a. Sales for the final quarter of the prior year total 300 units. Expected sales in units) for the current year are: 270 (Quarter 1), 180 (Quarter 2), 240 (Quarter 3), and 240 (Quarter 4). Sales for the first quarter of the following year total 360 units. The selling price is $610 per unit in the first three quarters of...
Question 1 Sunland Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,700 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $329 and $220, respectively. 3,700 Production in Units Production Costs Direct materials Direct labor Utilities Property taxes Indirect labor Supervisory salaries Maintenance Depreciation $8,235 23,084 3,104 1,098 4,941 2,086 1,885 2,635 (a) Identify the above costs as variable, fixed, or...
-low analysis P6-3A. Cost Formulas Longboat Manufacturing produces a single product requiring the following direct LO2, 3,6 materials and direct labor: MIM lowing er each Description Cost per Unit of Required Amount per Input Material A Unit of Product Material B $ pound 20 ounces Material C 7/pound 4 ounces Cutting labor 25/gallon 0.4 gallon Shaping labor 12/hour 45 minutes Finishing labor 15/hour 15 minutes 14/hour 75 minutes Manufacturing overhead consists of indirect materials, 50.60 per unit of product; indirect...
The following variable production costs apply to goods made by Solomon Manufacturing Corporation: Cost per unit $9.00 6.50 Item Materials Labor Variable overhead 0.75 $16.25 Total Required Determine the total variable production cost, assuming that Solomon makes 14,000, 24,000, or 34,000 units. Units Produced 14,000 24,000 34,000 Total variable cost Adams Company's cost and production data for two recent months included the following: April 500 March Production (units) 200 $1,800 $1,800 $1,750 Rent Utilities 700 Required a. Separately calculate the...