Homework Answers
Yes, Your Calculation is Correct.
Income Statement :-
| Particulars | Amount($) | % |
| Sales (200*$5.99) | 1198 | 100.00 |
| Less : Variable Expense | (410) | 34.22 |
| Contribution Margin | 788 | 65.78 |
| Less : Fixed Costs | (615) | 51.34 |
| Operating Income | 173 | 14.44 |
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The direc labor is 40min for 40 units. Is my cost of direct
labor by unit...
Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to...
Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total 398300 207700 Direct Labor Time per Unit 0.4 0.6 Total Required Direct Labor Hours 159320 124620 Direct Labor Cost per Hour 12 $ 12 Total Direct Labor Cost 1911840 1495440 $ 3407280 e Textbook and Media Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are...
$13 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead...
$13 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $750,000 $420,000 $110,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Lyons produced 60,000 units and sold 52,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume the company uses super-variable costing: b. Compute the unit product cost for...
Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production...
Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales Xactive $ 64.40 $ 17.80 1.4 DLHS 21,000 units Pathbreaker $ 50.60 $ 12.60 1 DLHS 71,000 units the company has a conventional costing system in which manufacturing overhead is applied to units based on jours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead Estimated total direct labor-hours $1,967,840 100,400 DLHS Required: -a....
A. Assuming use of direct-labor hours to apply overhead to production, compute the unit manufacturing costs...
A. Assuming use of
direct-labor hours to apply overhead to production, compute the
unit manufacturing costs of the Standard and Enhanced products if
the expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
B. Assuming use of activity-based costing, compute the unit
manufacturing costs of the Standard and Enhanced products if the
expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
C. By using direct-labor hours...
direct labor and unit product cost. Check my work High Desert Potteryworks makes a variety of...
direct labor and unit product cost.
Check my work High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor hours. At the beginning of the year, the company provided the...
(d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers...
(d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget For the Year Ending December 31, 2017 JB 50 JB 60 Total Units to be produced Click if you would like to Show Work for this question: Open Show Work Pless N Teprocess your dilswei. Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending Dece Pro...
Direct materials per unit Direct labor cont per unit Direct labor-hours per unit Estimated annual production...
Direct materials per unit Direct labor cont per unit Direct labor-hours per unit Estimated annual production and sales Xactive $ 64.00 $ 17.40 1.4 DLHS 17,000 units $ $ Pathbreaker 50.20 12.20 1 DLHS 67,000 units The company has a conventional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead Estimated total direct labor-hours $1,743,360 90,800 DLHS Required:...
Cost of Units Completed and in with Ba, 9,000 units, 40% completed Direct materials, 212,000 units...
Cost of Units Completed and in with Ba, 9,000 units, 40% completed Direct materials, 212,000 units $1.3 Direct labor Factory overhead Bal-2 units, 20% completed Cost per equivalent units of $1.30 for Direct Materials and $3.60 for Conversion Costs. To Finished Goods, 207,000 units 275,600 534, 207,820 a. Based on the above data, determine the different costs listed below. If required, 1. Cost of beginning work in process inventory completed this perioc Cost of units transferred to finished goods during...
Direct Direct Direct Materials Labor Cost Labor Hours Job 200 $ 500 $800 40 40 Job...
Direct Direct Direct Materials Labor Cost Labor Hours Job 200 $ 500 $800 40 40 Job 201 350 200 10 Job 202 1,000 600 30 Franks Fabricating uses job costing and applies overhead using a normal costing system and uses direct labor cost as the allocation base. This period's estimated overhead cost is $100,000 and estimated direct labor cost of $50,000 and 2,500 direct labor hours. What is the total manufacturing cost of Job 201? O none of the above...
Units produced 2,500 units Sale price $100 per unit Direct materials $30 per unit Direct labor...
Units produced 2,500 units Sale price $100 per unit Direct materials $30 per unit Direct labor $15 per unit Variable manufacturing overhead $10 per unit Fixed manufacturing overhead $150,000 per year Variable selling and administrative costs $30 per unit Fixed selling and administrative costs $75,000 per year Calculate the unit product cost using absorntion costing
Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget JB 50 JB 60 Total 398300 207700 Direct Labor Time per Unit 0.4 0.6 Total Required Direct Labor Hours 159320 124620 Direct Labor Cost per Hour 12 $ 12 Total Direct Labor Cost 1911840 1495440 $ 3407280 e Textbook and Media Prepare the budgeted multiple-step income statement for the year. (Note: income taxes are...
$13 Variable cost per unit: Direct materials Fixed costs per year: Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $750,000 $420,000 $110,000 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, Lyons produced 60,000 units and sold 52,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume the company uses super-variable costing: b. Compute the unit product cost for...
Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales Xactive $ 64.40 $ 17.80 1.4 DLHS 21,000 units Pathbreaker $ 50.60 $ 12.60 1 DLHS 71,000 units the company has a conventional costing system in which manufacturing overhead is applied to units based on jours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead Estimated total direct labor-hours $1,967,840 100,400 DLHS Required: -a....
A. Assuming use of
direct-labor hours to apply overhead to production, compute the
unit manufacturing costs of the Standard and Enhanced products if
the expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
B. Assuming use of activity-based costing, compute the unit
manufacturing costs of the Standard and Enhanced products if the
expected manufacturing volume is attained.
Manufacturing cost per unit: Standard $ ? and Enhanced $ ?
C. By using direct-labor hours...
direct labor and unit product cost.
Check my work High Desert Potteryworks makes a variety of pottery products that it sells to retailers. The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in the Molding Department is based on machine-hours, and the rate in the Painting Department is based on direct labor hours. At the beginning of the year, the company provided the...
(d) Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.7.) DELEON INC. Direct Labor Budget For the Year Ending December 31, 2017 JB 50 JB 60 Total Units to be produced Click if you would like to Show Work for this question: Open Show Work Pless N Teprocess your dilswei. Problem 21-2A (Part Level Submission) Deleon Inc. is preparing its annual budgets for the year ending Dece Pro...
Direct materials per unit Direct labor cont per unit Direct labor-hours per unit Estimated annual production and sales Xactive $ 64.00 $ 17.40 1.4 DLHS 17,000 units $ $ Pathbreaker 50.20 12.20 1 DLHS 67,000 units The company has a conventional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Estimated total manufacturing overhead Estimated total direct labor-hours $1,743,360 90,800 DLHS Required:...
Cost of Units Completed and in with Ba, 9,000 units, 40% completed Direct materials, 212,000 units $1.3 Direct labor Factory overhead Bal-2 units, 20% completed Cost per equivalent units of $1.30 for Direct Materials and $3.60 for Conversion Costs. To Finished Goods, 207,000 units 275,600 534, 207,820 a. Based on the above data, determine the different costs listed below. If required, 1. Cost of beginning work in process inventory completed this perioc Cost of units transferred to finished goods during...
Direct Direct Direct Materials Labor Cost Labor Hours Job 200 $ 500 $800 40 40 Job 201 350 200 10 Job 202 1,000 600 30 Franks Fabricating uses job costing and applies overhead using a normal costing system and uses direct labor cost as the allocation base. This period's estimated overhead cost is $100,000 and estimated direct labor cost of $50,000 and 2,500 direct labor hours. What is the total manufacturing cost of Job 201? O none of the above...
Units produced 2,500 units Sale price $100 per unit Direct materials $30 per unit Direct labor $15 per unit Variable manufacturing overhead $10 per unit Fixed manufacturing overhead $150,000 per year Variable selling and administrative costs $30 per unit Fixed selling and administrative costs $75,000 per year Calculate the unit product cost using absorntion costing
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