Homework Answers
Total cost = Direct Materials + Direct Labor + Overhead
= 40,000 + 35,000 + (35,000*0.50)
= 40,000 + 35,000 + 17,500
= 92,500
Option B is the answer
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QUESTION 17 Jones company makes two products A & B. Here is some financial information about...
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QUESTION 21 ABC Inc, makes two products, A and B. The company is currently assigning the...
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Kunkel Company makes two products and uses a conventional costing system in which a single plantwide...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Mercon $ 10.00 $ 3.00 0.20 10,000 Wurcon $ 8.00 $ 3.75 0.25 40,000 These products are customized to some degree for specific customers. Required: 1. The...
kunkel company makes two products and uses a conventional costing system Kunkel Company makes two products...
kunkel company makes two products and uses a conventional costing
system
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Mercon Wurcon $ 8.00 $ 6.00 $ 10.00 $ 11.00 2.00 7.00 1,000 2,000 These products...
Kunkel Company makes two products and uses a conventional costing system in which a single plantw...
Kunkel Company makes
two products and uses a conventional costing system in which a
single plantwide predetermined overhead rate is computed based on
direct labor-hours. Data for the two products for the upcoming year
follow:
Mercon
Wurcon
Direct materials
cost per unit
$
10.00
$
8.00
Direct labor
cost per unit
$
3.00
$
3.75
Direct
labor-hours per unit
0.20
0.25
Number of units
produced
10,000
40,000
These products are
customized to some degree for specific customers.
Required:
1. The...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Mercon Wurcon Direct materials cost per unit $ 10.00 $ 8.00 Direct labor cost per unit $ 3.00 $ 3.75 Direct labor-hours per unit 0.20 0.25 Number of units produced 10,000 40,000 These products are customized to some degree for specific customers. Required: 1. The...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Mercon Wurcon Direct materials cost per unit $ 10.00 $ 8.00 Direct labor cost per unit $ 3.00 $ 3.75 Direct labor-hours per unit 0.20 0.25 Number of units produced 10,000 40,000 These products are customized to some degree for specific customers. Required: 1. The...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Mercon $ 8.00 $ 10.00 2.00 1,000 Wurcon $ 6.00 $ 11.00 7.00 2,000 These products are customized to some degree for specific customers. Required: 1. The...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Mercon $ 8.00 $ 13.00 0.40 4,000 Wurcon $ 6.00 $ 16.00 2.80 8,000 These products are customized to some degree for specific customers. Required: 1. The...
QUESTION 12 Jones company makes two products A & B. Here is some financial information about those products. Combined total cost of cost drivers Direct labor $45,000 $35,000 Direct materials $40,000 $30,000 Cost drivers Set ups 6 4 $10,000 Inspections 4 6 $5,000 Test Runs 12 $25,000 Units produced 1000 1000 Using ABC Costing for overhead, what is the total cost for product A? $33000 $106,500 $108000 $107000
QUESTION 7 Jones company makes two products A & B. Here is some financial information about those products. A B Combined total cost of cost drivers Direct labor $45,000 $35,000 Direct materials $40,000 $30,000 Cost drivers Set ups 6 4 $10,000 Inspections 4 $5,000 Test Runs 12 $25,000 Units produced 1000 1000 Using ABC Costing for overhead, what is the unit cost for product A? $108 533 $980 O $106.50
QUESTION 21 ABC Inc, makes two products, A and B. The company is currently assigning the $1,200,000 of overhead costs to its products based on machine hours of the overhead, $480,000 is utilities related and the remainder is related to labor hours. The following information is also available: Product A Product B Number produced 250,000 750,000 Machine hours 60,000 30,000 50.000 25,000 Direct labor hours a. Determine the total overhead cost assigned to standard items and custom items using the...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Mercon $ 10.00 $ 3.00 0.20 10,000 Wurcon $ 8.00 $ 3.75 0.25 40,000 These products are customized to some degree for specific customers. Required: 1. The...
kunkel company makes two products and uses a conventional costing
system
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Mercon Wurcon $ 8.00 $ 6.00 $ 10.00 $ 11.00 2.00 7.00 1,000 2,000 These products...
Kunkel Company makes
two products and uses a conventional costing system in which a
single plantwide predetermined overhead rate is computed based on
direct labor-hours. Data for the two products for the upcoming year
follow:
Mercon
Wurcon
Direct materials
cost per unit
$
10.00
$
8.00
Direct labor
cost per unit
$
3.00
$
3.75
Direct
labor-hours per unit
0.20
0.25
Number of units
produced
10,000
40,000
These products are
customized to some degree for specific customers.
Required:
1. The...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Mercon $ 8.00 $ 10.00 2.00 1,000 Wurcon $ 6.00 $ 11.00 7.00 2,000 These products are customized to some degree for specific customers. Required: 1. The...
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate is computed based on direct labor-hours. Data for the two products for the upcoming year follow: Direct materials cost per unit Direct labor cost per unit Direct labor-hours per unit Number of units produced Mercon $ 8.00 $ 13.00 0.40 4,000 Wurcon $ 6.00 $ 16.00 2.80 8,000 These products are customized to some degree for specific customers. Required: 1. The...
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