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Q 11.24: Sports Outfitters manufactures athletic shoes. The direct materials price list for each shoe is...
Heidi makes rag quilts. Each child-sized quilt contains 4.25 yards of flannel priced at $4.80 per...
Heidi makes rag quilts. Each child-sized quilt contains 4.25 yards of flannel priced at $4.80 per yard and thread costing $0.24 per quilt. Heidi also allows 0.10 yards of fabric for waste per quilt. Direct labor for each quilt requires 2 hours of cutting and 4 hours of sewing. Cutters’ direct labor rate is $7.25 per hour, and sewers’ direct labor rate is $8.50 per hour. Rest periods of 0.01 hours per quilt are allowed for both sewers and cutters,...
Q4) Direct materials and direct manufacturing labor variances. (25 Marks} Rugged Life, Inc., designs and manufactures...
Q4) Direct materials and direct manufacturing labor variances. (25 Marks} Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor Outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: Static Budget Number of jacket lots (1 lot = 1 300 dozen) Per Lot of Jackets: Direct materials Direct manufacturing labor 18 yards at $4.65 per yard $83.70 2.4 hours at $12.50 per...
04) Direct materials and direct manufacturing labor variances. {25 Marks) Rugged Life, Inc., designs and manufactures...
04) Direct materials and direct manufacturing labor variances. {25 Marks) Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: Statie Budget Number of jacket lots (I lot - 1 300 dozen) Per Lot of Jackets: Direct materials 18 yards at 54.65 per yard = $83.70 Direct manufacturing labor 24 hours at $12.50...
Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufactur...
Sole Purpose Shoe Company is owned and operated by Sarah Charles. The company manufactures casual shoes, with manufacturing facilities in your state. Sarah began the business this year, and while she has a great deal of experience in manufacturing popular and comfortable shoes, she needs some help in evaluating her results for the year, and asks for your help. Under normal conditions, Sarah spends $8.40 per unit of materials, and it will take 3.6 units of material per pair of...
Q4)Direct materials and direct manufacturing labor variances. (25 Marks) Rugged Life, Inc., designs and manufactures fleece...
Q4)Direct materials and direct manufacturing labor variances. (25 Marks) Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: Static Budget Number of jacket lots (1 lot = 1 300 ddzen) Per Lot of Jackets: Direct materials 18 yards at $4.65 per yard = $83.70 2.4 hours at $12.50 per hour = $30.00...
Q4)Direct materials and direct manufacturing labor variances. {25 Marks) Rugged Life, Inc., designs and manufactures fleece...
Q4)Direct materials and direct manufacturing labor variances. {25 Marks) Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: Static Budget Number of jacket lots (1 lot = 1 300 dozen) Per Lot of Jackets: Direct materials 18 yards at $4.65 per yard $83.70 2.4 hours at $12.50 per hour = $30.00 Direct...
Zeus Shoe Limited is a manufacturer of ladies shoes and uses a standard costing system. The...
Zeus Shoe Limited is a manufacturer of ladies shoes and uses a standard costing system. The standard manufacturing overhead cost per shoe are based on direct labour hours and are as follows: Variable Overhead (5 hours @ $24 per hour) $120 Fixed Overhead (5 hours @ $38 per hour) $180 TOTAL OVERHEAD $310 (Based on capacity of 300,000 direct labour hours per month) The following information is available for the month of October. 56,000 shoes were produced, although...
Requirements: 1. Compute the total amount of direct materials, direct labor, and manufacturing overhead that should...
Requirements:
1.
Compute the total amount of direct materials, direct labor,
and manufacturing overhead that should be shown on Job 310's job
cost record.
2.
Job 310 consists of four recliners. If each recliner sells for
$750, what is the gross profit per recliner?
Direct materials for job 310:
Lumber: 47 units at $10 per unit
Padding: 14 yards at $20 per yard
Upholstery fabric: 28 yards at $26 per yard
Labor time records for Job 310:
Penny Rawls: 11...
i Requirements Compute the total amount of direct materials, direct labor, and manufacturing overhead that should...
i Requirements Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record. Job 310 consists of six recliners. If each recliner sells for $700, what is the gross profit per recliner? 1. 2. Print Done E3-23A (similar to) Question Help Goldstein Furniture started and finished Job 310 during October. The company's records show that the following direct materials were requisitioned for Job 310: Labor time records show the...
Direct Materials and Direct Labor Variances - Review Hikin' and Trekkin' manufactures various outdoor apparel. Hikin'...
Direct Materials and Direct Labor Variances - Review Hikin' and Trekkin' manufactures various outdoor apparel. Hikin' and Trekkin' wants to analyze production costs for one line of rain jackets. The direct materials and direct labor standards for one rain jacket are given below. Standard Quantity or hours Standard Price or rate Standard Cost per jacket Direct material Direct labor 2.5 yards 1.5 hours $7.50 per yard $9.00 per hour $18.75 $13.50 During the most recent month, the following activity was...
Q4) Direct materials and direct manufacturing labor variances. (25 Marks} Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor Outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: Static Budget Number of jacket lots (1 lot = 1 300 dozen) Per Lot of Jackets: Direct materials Direct manufacturing labor 18 yards at $4.65 per yard $83.70 2.4 hours at $12.50 per...
04) Direct materials and direct manufacturing labor variances. {25 Marks) Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: Statie Budget Number of jacket lots (I lot - 1 300 dozen) Per Lot of Jackets: Direct materials 18 yards at 54.65 per yard = $83.70 Direct manufacturing labor 24 hours at $12.50...
Q4)Direct materials and direct manufacturing labor variances. (25 Marks) Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: Static Budget Number of jacket lots (1 lot = 1 300 ddzen) Per Lot of Jackets: Direct materials 18 yards at $4.65 per yard = $83.70 2.4 hours at $12.50 per hour = $30.00...
Q4)Direct materials and direct manufacturing labor variances. {25 Marks) Rugged Life, Inc., designs and manufactures fleece quarter-zip jackets. It sells its jackets to brand-name outdoor outfitters in lots of one dozen. Rugged Life's May 2017 static budget and actual results for direct inputs are as follows: Static Budget Number of jacket lots (1 lot = 1 300 dozen) Per Lot of Jackets: Direct materials 18 yards at $4.65 per yard $83.70 2.4 hours at $12.50 per hour = $30.00 Direct...
Requirements:
1.
Compute the total amount of direct materials, direct labor,
and manufacturing overhead that should be shown on Job 310's job
cost record.
2.
Job 310 consists of four recliners. If each recliner sells for
$750, what is the gross profit per recliner?
Direct materials for job 310:
Lumber: 47 units at $10 per unit
Padding: 14 yards at $20 per yard
Upholstery fabric: 28 yards at $26 per yard
Labor time records for Job 310:
Penny Rawls: 11...
i Requirements Compute the total amount of direct materials, direct labor, and manufacturing overhead that should be shown on Job 310's job cost record. Job 310 consists of six recliners. If each recliner sells for $700, what is the gross profit per recliner? 1. 2. Print Done E3-23A (similar to) Question Help Goldstein Furniture started and finished Job 310 during October. The company's records show that the following direct materials were requisitioned for Job 310: Labor time records show the...
Direct Materials and Direct Labor Variances - Review Hikin' and Trekkin' manufactures various outdoor apparel. Hikin' and Trekkin' wants to analyze production costs for one line of rain jackets. The direct materials and direct labor standards for one rain jacket are given below. Standard Quantity or hours Standard Price or rate Standard Cost per jacket Direct material Direct labor 2.5 yards 1.5 hours $7.50 per yard $9.00 per hour $18.75 $13.50 During the most recent month, the following activity was...
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