SkiTwin Corporation uses a standard cost system to assist in its manufacture of water skis and...
SkiTwin Corporation uses a standard cost system to assist in its manufacture of water skis and uses direct labour hours to apply its overhead. The company controller provides you with the following information on the results of its most recent year end. Budget Actual Units produced 100,000 99,000 Units sold 100,000 96,000 Direct materials 50,000 kgs 47,840 kgs Direct labour 40,000 DLHs 37,720 DLHs Production costs: Direct materials $200,000 $207,404 Direct labour $500,000 $471,500 Variable overhead $80,000 $84,640 Fixed overhead $160,000 $162,000 There were no beginning or ending work-in-process inventories but there were 4,000 units of finished goods at the end of the year. c. Calculate the direct labour efficiency variance. I don't know how we get 39,600 on the calculation for this part please help!!!
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SkiTwin Corporation uses a standard cost system to assist in its manufacture of water skis and...
MA Company uses a standard cost system in which manufacturing overhead costs are applied to units...
MA Company uses a standard cost system in which manufacturing overhead costs are applied to units of the company's single product on the basis of direct laborhours (DLHs). The cost information for the product is as follows: Standard Cost per unit of product: Direct Materials, 2 metres at $4 per metre ....................................... $ 8 Direct Labor, 2 DLHs at $10 per DLH .................................................. $20 Variable Manufacturing Overhead, 2 DLHs at $2 per DLH ............ $ 4 Fixed ManufacturingOverhead, 2 DLHs...
MA Company uses a standard cost system in which manufacturing overhead costs are applied to units of the company's s...
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Problem 3-36A Agassi Company uses a job order cost system in each of its three manufacturing...
Problem 3-36A
Agassi Company uses a job order cost system in each of its three
manufacturing departments. Manufacturing overhead is applied to
jobs on the basis of direct labour cost in Department D, direct
labour hours in Department E, and machine hours in Department
K.
In establishing the predetermined overhead rates for 2016, the
following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$1,400,000
$1,250,000
$720,000
Direct labour costs
$2,000,000
$1,250,000
$450,000
Direct labour hours
100,000...
Soriano Manufacturing Company uses a standard cost accounting system to account for the manufacturing of exhaust...
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Flandro Company uses a standard cost system and sets its predetermined overhead rate on the basis...
Flandro Company uses a standard cost system and sets its
predetermined overhead rate on the basis of direct labor-hours. The
following data are taken from the company’s planning budget for the
current year:
Denominator activity (direct labor-hours)
12,000
Variable manufacturing overhead cost
$
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Fixed manufacturing overhead cost
$
103,200
The standard cost card for the company’s only product is given
below:
Required:
1. Create a new standard cost card that separates the variable
manufacturing overhead per unit and the...
d overhead ek in Process 39. MK Company uses a job order costing system and applies...
d overhead ek in Process 39. MK Company uses a job order costing system and applies overhead to jobs at a predetermined a 45% of direct labor cost. For the month of July, the following debits (credits) were in the Work in Pa account: $40,000 Beginning balance Direct materials 200,000 Direct labor 160,000 Manufacturing overhead 72,000 Cost of goods manufactured (438,000) Job A300, the only job in process at the end of July, was charged with manufacturing overhead of $9,000....
The Chuba Corporation uses a standard cost system in which manufacturing overhead is applied on the...
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Concita Ltd. uses a standard cost system and sets predetermined overhead rates on the basis of...
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SerritoneSerritone Corporation uses a process costing system to manufacture laptop PCs. The following information summarizes operations...
SerritoneSerritone
Corporation uses a process costing system to manufacture laptop
PCs. The following information summarizes operations for its
VeryLite model during the quarter ending
MarchMarch
31, Year 1:
LOADING...
(Click the icon to view the information.)Beginning
work-in-process inventory was
5050%
complete for direct materials. Ending work-in-process inventory
was
8080%
complete for direct materials. What were the equivalent units
for direct materials for the quarter using the FIFO method?
1.482482
2.740740
3.640640
4.582
i Data Table - X Units 200 Direct...
Kim Manufacturing uses a process cost system to manufacture Dust Density Sensors for the mining industry....
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Problem 3-36A
Agassi Company uses a job order cost system in each of its three
manufacturing departments. Manufacturing overhead is applied to
jobs on the basis of direct labour cost in Department D, direct
labour hours in Department E, and machine hours in Department
K.
In establishing the predetermined overhead rates for 2016, the
following estimates were made for the year.
Department
D
E
K
Manufacturing overhead
$1,400,000
$1,250,000
$720,000
Direct labour costs
$2,000,000
$1,250,000
$450,000
Direct labour hours
100,000...
Flandro Company uses a standard cost system and sets its
predetermined overhead rate on the basis of direct labor-hours. The
following data are taken from the company’s planning budget for the
current year:
Denominator activity (direct labor-hours)
12,000
Variable manufacturing overhead cost
$
37,200
Fixed manufacturing overhead cost
$
103,200
The standard cost card for the company’s only product is given
below:
Required:
1. Create a new standard cost card that separates the variable
manufacturing overhead per unit and the...
d overhead ek in Process 39. MK Company uses a job order costing system and applies overhead to jobs at a predetermined a 45% of direct labor cost. For the month of July, the following debits (credits) were in the Work in Pa account: $40,000 Beginning balance Direct materials 200,000 Direct labor 160,000 Manufacturing overhead 72,000 Cost of goods manufactured (438,000) Job A300, the only job in process at the end of July, was charged with manufacturing overhead of $9,000....
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SerritoneSerritone
Corporation uses a process costing system to manufacture laptop
PCs. The following information summarizes operations for its
VeryLite model during the quarter ending
MarchMarch
31, Year 1:
LOADING...
(Click the icon to view the information.)Beginning
work-in-process inventory was
5050%
complete for direct materials. Ending work-in-process inventory
was
8080%
complete for direct materials. What were the equivalent units
for direct materials for the quarter using the FIFO method?
1.482482
2.740740
3.640640
4.582
i Data Table - X Units 200 Direct...
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