Problem 9. Variance Analysis Bronfenbrenner Co. uses a standard cost system for its single product in which variable overhead is applied on the basis of direct labor hours. The following information is given: Standard costs per unit: Raw materials (1.5 grams x S16 per gram) Direct labor (0.75 hours x S8 per hour) S6.00 Variable overhead (0.75 hours × $3...
Problem 9. Variance Analysis Bronfenbrenner Co. uses a standard cost system for its single product in which variable overhead is applied on the basis of direct labor hours. The following information is given: Standard costs per unit: Raw materials (1.5 grams x S16 per gram) Direct labor (0.75 hours x S8 per hour) S6.00 Variable overhead (0.75 hours × $3...
Please give explanation on how to get each number, thanks! Problem 9-51 Activity-Based Costing and Predetermined Overhead Allocation Rates (LO 9-3, 5, 6) Kitchen Supply, Inc. (KSI), manufactures three types of flatware: institutional, standard, and silver. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A consultant recently suggested that the company switch to an...
Problem 11-1A Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. $ 6.00 5.98 3.00 5.00 $19.98 Direct materials-1 pound plastic at $6 per pound Direct labor-0.50 hours at $11.95 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit The predetermined manufacturing overhead rate is $16 per direct labor...
a. Calculate the materials' flexible budget for Job Alpha in July. b. Calculate the materials price variance for Job Alpha. c. Calculate the materials quantity variance for job Alpha in July. d. Calculate the direct labor flexible budget for Job Alpha in July. 2. A company has the following information for Job Alpha during July: Units produced Actual materials used...
Inputs Standard Quantity/Hours per unit of output Standard price or rate direct materials 6.7 grams $7.80 per gram direct labor .20 hours $19 per hour variable manufacturing overhead .2 hours $8.30 per hour the company has reported the following actual results for the product for August Actual output 6,300 units raw materials purchased 48,100 grams actual price of raw materials...
Traditional Product Costing Versus Activity-Based Costing Assume that Panasonic Company has determined its estimated total manufacturing overhead cost for one of its plants to be $240,000, consisting of the following activity cost pools for the current month: Activity Centers Activity Costs Cost Drivers Assembly setups $63,000 Setup hours Materials handling 33,000 Number of moves Assembly 120,000 Assembly hours Maintenance 24,000...
1 The following cost data relate to the manufacturing activities of Alembic Company during the just completed year: ste Manufacturing overhead costs - incurred: Indirect materials 14,350 Indirect labor 127,500 Property taxes, factory 6,700 1 Utilities, factory 53,500 Depreciation, factory 325,100 Insurance, factory 12,300 Total actual manufacturing overhead costs incurred 539,450 15 Other costs incurred: Purchases of raw materials (both...
Question 1 View Policies Current Attempt in Progress Stefani Company has gathered the following information about its product Direct materials. Each unit of product contains 3.10 pounds of materials. The average waste and spolage per unit produced under normal conditions is 0.90 pounds Materials cost $5 per pound, but Stefan Sways takes the 5.00% cash discount all of its suppliers...
Problem 25-1A Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materials-1 pound plastic at $7 per pound Direct labor-1.50 hours at $11.10 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit 7.00 16.65 9.00 9.00 $41.65 The predetermined manufacturing overhead rate is $12 per direct labor hour...