Homework Answers
| Material | Given | 19000 | |
| Labor | 40*30 | 1200 | |
| Prime Cost | 20200 | ||
| Overheads: | Basis | ||
| Purchasing | Purchase orders | 380*3 = 1140 | |
| Storing | sq ft/days | 4000*2=8000 | |
| Machining | machine hours | 60*100=6000 | |
| Supervision | labur hours | 5*40 = 200 | 15340 |
| Total Cost | 35540 |
(Please comment in case of any query regarding the solution)
Add Answer to:
Q.4 (4 Marks): American Delights manufactures a wide variety of holiday and seasonal decorative items. American's...
American Delights manufactures a wide variety of holiday and seasonal decorative items. American's activity-based costing overhead...
American Delights manufactures a wide variety of holiday and seasonal decorative items. American's activity-based costing overhead rates are: Purchasing Storing Machining Supervision $380 per order $2 per square foot/days $100 per machine hour $5 per direct labor hour The Snow Man project involved three purchase orders, 4,000 square feet/days, 60 machine hours, and 40 direct labor hours. The cost of direct materials on the job was $19,000 and the direct labor rate is $30 per hour. Determine the total cost...
Question 4 American Delights manufactures a wide variety of holiday and seasonal decorative items. American's activity-based...
Question 4 American Delights manufactures a wide variety of holiday and seasonal decorative items. American's activity-based costing overhead rates are: Purchasing Storing Machining Supervision $380 per order $2 per square foot/days $100 per machine hour $5 per direct labor hour The Snow Man project involved three purchase orders, 4,000 square feet/days, 60 machine hours, and 40 direct labor hours. The cost of direct materials on the job was $19,000 and the direct labor rate is $30 per hour. Determine the...
Please help me solve this. Holiday Industries manufactures a variety of custom products. The company has...
Please help me solve this.
Holiday Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products. The company estimates that it will incur $970,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 machine hours. Click the icon to view the additional information about the hazardous waste disposal fees.) expected usage and costs for manufacturing overhead activities for...
Question Two (40 Marks): School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and...
Question Two (40 Marks): School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units which are sold to public school systems throughout the mid-west. The controller of the company's Desk Division is currently preparing a budget for the third quarter of the year. The following sales forecast has been made by the division's sales manager. July 10,000 desk-and-chair sets August 12,000 desk-and-chair sets September 15,000 desk-and-chair sets Each desk-and-chair set requires 10 board feet of pine...
PA8-4 Preparing Operating Budget Components [LO 8-3a, b, c, d] Wesley Power Tools manufactures a wide variety of tools...
PA8-4 Preparing Operating Budget Components [LO 8-3a, b, c, d] Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $46. Wesley expects the following unit sales: January February March April May 3,800 4,000 4,500 4,300 3,700 Wesley's ending finished goods inventory policy is 25 percent of the next month's sales. Suppose each handisaw takes approximately 60 hours to manufacture, and Wesley pays an...
Sarah Drogo, president of Storage, Inc. a company that makes a wide variety of storage boxes...
Sarah Drogo, president of Storage, Inc. a company that makes a wide variety of storage boxes for home and office use, is thinking about adding a new line of small plastic storage boxes. This would require a new technology. The company currently uses predominantly cardboard of various weights that are used in its other products. Since this is a big move for the company, Sarah wants to make sure that all of the financial and nonfinancial implications are understood before...
American Delights manufactures a wide variety of holiday and seasonal decorative items. American's activity-based costing overhead rates are: Purchasing Storing Machining Supervision $380 per order $2 per square foot/days $100 per machine hour $5 per direct labor hour The Snow Man project involved three purchase orders, 4,000 square feet/days, 60 machine hours, and 40 direct labor hours. The cost of direct materials on the job was $19,000 and the direct labor rate is $30 per hour. Determine the total cost...
Question 4 American Delights manufactures a wide variety of holiday and seasonal decorative items. American's activity-based costing overhead rates are: Purchasing Storing Machining Supervision $380 per order $2 per square foot/days $100 per machine hour $5 per direct labor hour The Snow Man project involved three purchase orders, 4,000 square feet/days, 60 machine hours, and 40 direct labor hours. The cost of direct materials on the job was $19,000 and the direct labor rate is $30 per hour. Determine the...
Please help me solve this.
Holiday Industries manufactures a variety of custom products. The company has traditionally used a plantwide manufacturing overhead rate based on machine hours to allocate manufacturing overhead to its products. The company estimates that it will incur $970,000 in total manufacturing overhead costs in the upcoming year and will use 10,000 machine hours. Click the icon to view the additional information about the hazardous waste disposal fees.) expected usage and costs for manufacturing overhead activities for...
Question Two (40 Marks): School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units which are sold to public school systems throughout the mid-west. The controller of the company's Desk Division is currently preparing a budget for the third quarter of the year. The following sales forecast has been made by the division's sales manager. July 10,000 desk-and-chair sets August 12,000 desk-and-chair sets September 15,000 desk-and-chair sets Each desk-and-chair set requires 10 board feet of pine...
PA8-4 Preparing Operating Budget Components [LO 8-3a, b, c, d] Wesley Power Tools manufactures a wide variety of tools and accessories. One of its more popular items is a cordless power handisaw. Each handisaw sells for $46. Wesley expects the following unit sales: January February March April May 3,800 4,000 4,500 4,300 3,700 Wesley's ending finished goods inventory policy is 25 percent of the next month's sales. Suppose each handisaw takes approximately 60 hours to manufacture, and Wesley pays an...
Most questions answered within 3 hours.
-
Iodine is prepared both in the laboratory and commercially by
adding Cl2(g) to an aqueous solution...
asked 2 minutes ago -
You are given the following information for a 4-year lease,
with $65,000 payments due at the...
asked 3 minutes ago -
Benning Inc is a defense contractor that uses job costing.
Because the firm uses a perpetual...
asked 1 hour ago -
What is the net ionic equation for the reaction that would occur
when an aqueous solution...
asked 4 hours ago -
A
student bought $1000 worth of furniture. What is the equivalent
annual cost if it is...
asked 4 hours ago -
What taboo subject did Ida B. Wells suggest was consensual
between black men and white women?...
asked 6 hours ago -
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 6 hours ago -
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 7 hours ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 9 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 9 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 10 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 10 hours ago