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Civen folliving resoures, a hardware manufacturer makes 2,000 units of one product every day 50 hours...
Milar Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 12.0 pounds $11.50 per pound Direct labor 0.8 hours $36.00 per pound Variable overhead 0.8 hours $17.00 per pound In January the company produced 3,470 units using 13,880 pounds of the direct material and 2,896 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $14,640. The actual direct labor cost was...
Park Corporation makes a product that uses a material with the following standards: Standards quantity .................................. 8.4 pounds per unit Standard price ........................................ $6.00 per pound Standard cost ........................................ $50.40 per unit The company budgeted for production 5,800 units in September, but actual production was 5,900 units. The company used 50,210 pounds of direct material to produce this output. The company purchased 55,100 pounds of the direct material at $5.80 per pound. The direct materials purchases variance is computed when...
Kennedy Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost per Unit Direct materials 8.2 pounds $7.00 per pound $57.40 Direct labor 0.4 hours $20.00 per hour $8.00 Variable overhead 0.4 hours $2.00 per hour $0.80 The company budgeted for production of 2,400 units in June, but actual production was 2,500 units. The company used 19,850 pounds of direct material and 980 direct labor-hours to produce this output. The company...
Blumenthal Manufacturing makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 3.5 pounds $3.00 per pound Direct labor 0.8 hours $19.00 per hour Variable overhead 0.8 hours $8.00 per hour In July the company produced 3,500 units using 12,240 pounds of the direct material and 1,500 direct labor-hours. During the month, the company purchased 13,000 pounds of the direct material at a cost of $35,100. The actual direct labor cost was...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 5 pounds at $10 per pound $ 50 Direct labor: 4 hours at $14 per hour 56 Variable overhead: 4 hours at $4 per hour 16 Total standard cost per unit $ 122 The planning budget for March was based on producing and selling 29,000 units. However, during March the company...
2 Jackson Hole Manufacturing Jackson Hole Manufacturing is a small manufacturer of plastic products used in the automotive and computer industries. One of its major contracts is with a large computer company and involves the 2 production of plastic printer cases for the computer companys portable printers. The printer cases are produced on two injection molding machines. The M-100 machine has a production capacity of 25 printer cases per hour, and the M-200 machine has a production capacity of 40...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 5 pounds at $10 per pound $ 50 Direct labor: 3 hours at $17 per hour 51 Variable overhead: 3 hours at $7 per hour 21 Total standard cost per unit $ 122 The planning budget for March was based on producing and selling 24,000 units. However, during March the company...
Jackson Hole Manufacturing is a small manufacturer of plastic products used in the automotive and computer industries. One of its major contracts is with a large computer company and involves the production of plastic printer cases for the computer companys portable printers. The printer cases are produced on two injection molding machines. The M-100 machine has a production capacity of 25 printer cases per hour, and the M-200 machine has a production capacity of 40 cases per hour. Both machines...
Solve the following LP problems using the Solver in MS Excel. Q1. A candy manufacturer has 130 pounds of chocolate-covered cherries and 170 pounds of chocolate-covered mints in stock. He decides to sell them in the form of two different mixtures. One mixture will contain half cherries and half mints by weight and will sell for $2.00 per pound. The other mixture will contain one-third cherries and two-thirds mints by weight and will sell for $1.25 per pound. How many...
Big John, Inc, makes one product and it provided the following information to help prepare the master budget A. The budgeted selling price per unit is $60. Budgeted unit sales for April May June, and July are 9,500, 10,000, 10,500, and 11,000 units respectively. All sales are on credit B. 50% of credit sales are collected in the month of the sale and 50% in the following month C. The ending finished goods inventory equals 20% of the following month's...