Answer 1.
Standard Hours = 3 × $8,500 = $ 25,500
Answer 2.
Standard Kits = 1 × $ 8,500 = $8,500
Standard Cabinets = 1 × $ 8,500 = $ 8,500
Answer 3.
Number Units Rebuild = $4,300/ 3 = $ 1,433 Units
Standard Quantities of Labor and Materials Stillwater Designs rebuilds defective units of its S12L7 Kicker speaker mode...
Stillwater Designs rebuilds defective units of its S12L7 Kicker speaker model. During the year, Stillwater rebuilt 15,000 units. Materials and labor standards for performing the repairs are as follows: Direct materials (1 recon kit @ $160) $160.00 Direct materials (1 cabinet @ $55) 55.00 Direct labor (5 hrs. @ $15) 75.00 Required: 1. Compute the standard hours allowed for a volume of 15,000 rebuilt units. hours 2. Compute the standard number of kits and cabinets allowed for a volume of...
O chapter 10 Homor CengageNow21 Onne teach com/n/takeAssignment/takelssignmentMan dohevoker-&akeAssignmentSessionocator-ssignment takeinprogressfalse Caloutatr Book Standand Quarbities of Labor and Materials Stwater Designs rebuilds defective units of its 51217 0cker speaker model. Ouring the year, performing the repairs are as folows but 9,000 units Materas and labor standards for Direct maberials (1 recon kit s150) S150 Direct materials (1 cabinet 530) 30 Direct labor (3 hrs 11) 33 Required 1. Compute the standard hours allowed for a volume of 9,000 rebuilt units hours...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $57,510, all of which were used in the production of 3,125 units of product. In addition,...
Computation of Inputs Allowed, Direct Materials and Direct Labor During the year Dorner Company produced 274,000 lathe components for industrial metal working machinery. Dorner's direct materials and direct labor standards per unit are as follows: Direct materials (8.20 lbs. @ $7.00) $57.40 Direct labor (1.60 hr. @ $14) 22.40 Required: 1. Compute the standard pounds of direct materials allowed for the production of 274,000 units. pounds 2. Compute the standard direct labor hours allowed for the production of 274,000 units....
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Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data (LO9-4, LO9-5) Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours 3 feet Direct materials Direct labor Standard Price or Rate $5 per foot ? per hour Standard Cost $ 15 7 hours During March, the company purchased direct materials at a cost of $49,170, all of which were used in the production of 2.750 units of product. In...
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4, LO9-5] Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $55,650, all of which were used in the production of 3,200 units of product....
Problem 9-25 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO9-4, LO9-5] Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $59,040, all of which were used in the production of 3,000 units of product....
Check my work Labor spending variance Labor efficiency variance $ 3,200 U $ 900 U Required: 1. For direct materials: a. Compute the actual cost per foot of materials for March. b. Compute the price variance and the spending variance. Ints eBook 2. For direct labor: a. Compute the standard direct labor rate per hour. b. Compute the standard hours allowed for the month's production. C. Compute the standard hours allowed per unit of product. Print Complete this question by...
Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures. Direct materials (15 bs $5 per b) Direct labor (4 hrs.$16 per he.) During June the company incurred the following actual costs to produce 8,500 units Direct materials (130,000 bs.@$4.75 per ib) Direct labor (37,200 hrs@$16.10 per hr S617.500 598.920 AQ Actual Quantity sQ-Standard Quantity AP Actual Price SP Standard Price AH Actual Hours SH Standard Hours AR Actual Rate...
Problem 10-11 Direct Materials and Direct Labor Variances; Computations from Incomplete Data [LO10-1, LO10-2] Sharp Company manufactures a product for which the following standards have been set: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ? hours ? per hour ? During March, the company purchased direct materials at a cost of $55,650, all of which were used in the production of 3,200 units of product....