Atlas Enterprises Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $24 per machine hour Assembly $17 per direct labor hour Setup...
10 Part 2 of 3 3 points Required information [The following information applies to the questions displayed below.) Craft Pro Machining produces machine tools for the construction industry. The following details about overhead costs were taken from its company records. Production Activity Indirect Labor Indirect Materials Other Overhead Grinding $370,000 Polishing $180,000 Product modification 550,000 Providing power $230,000 System calibration...
two manufacturing departments. Molding and Fabrication. It started, completed, and sold only two jobs during March --Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and (all data and questions relate to the month of March): Estimated total machine-hours used Molding Fabrication Total 2,500 Estimated total fixed manufacturing...
Mobility Partners makes wheelchairs and other assistive devices. For years it has made the rear wheel assembly for its wheelchairs. A local bicycle manufacturing firm, Trailblazers, Inc., offered to sell these rear wheel assemblies to Mobility. If Mobility makes the assembly, its cost per rear wheel assembly is as follows (based on annual production of 2,000 units): Direct materials Direct...
[The following information applies to the questions displayed below.] Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during March—Job P and Job Q. The following additional information is available for the company as a whole and...
[The following information applies to the questions displayed below.) Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments-Molding and Fabrication. It started, completed, and sold only two jobs during March- Job P and Job Q. The following additional information is available for the company as a whole...
Exercise 5 Your Company makes 5000 units of a component part. At this level of activity, the cost per part is: Direct materials $3.00 Direct labor $4.00 $2.00 Fixed manufacturing overhead $6.00 Total cost per part $15.00 An outside supplier has offered to sell the parts to Your Co. for $12 each. If Your Co. accepts this offer, it will...
CALCULATOR PRINTER VERSION BACK Next Problem 21-1A (Video) Swifty Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $26,700, Work in Process-Mixing $0, Work in Process-Packaging $251,500, and Finished Goods $294,500. The beginning inventory for Packaging consisted of...
Coronado Out Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2020, inventories consisted of Raw Materials $27,000, Work in Process-Mixing $0, Work in Process --Packaging $253,200, and Finished Goods $291,700. The beginning inventory for Packaging consisted of 14,100 units that were 50% complete...
1. Turco Products uses a job order cost system. The following debits (credits) appeared in Work-in-Process Inventory for September: Description Amount September 1 Balance $ 27,300 For the month Direct materials 162,900 For the month Direct labor 101,600 For the month Factory overhead 77,216 For the month To finished goods ( 318,200 ) Turco applies overhead to production at a...