Kowaleski Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Kowaleski Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 4.9 grams $ 7.00 per gram Direct labor 0.6 hours $ 14.00 per hour Variable overhead 0.6 hours $ 4.00 per hour In June the company produced 4,200 units using 21,830 grams of the direct material and 2,580 direct labor-hours....
Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages $110,000 Fringe...
Presented below are data relating to labor for Verde Appliance Repair Shop. Repair-technicians' wages $110,000 Fringe benefits 26,400 Overhead 48,400 The desired profit margin per hour is $28. The material loading charge is 60% of invoice cost. Verde estimates that 4,400 labor hours will be worked next year. If Verde repairs a dishwasher that takes 1.5 hours to repair and...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $49 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetermined rate of $49 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here: Direct materials Used on Jobs 101 and 102 $ 89,500 Indirect materials Used on multiple jobs 29,500 Hourly labor wages 750 hours @ $29 per hour 200 hours for Job 101...
Direct materials-1 pound plastic at $6.00per pound Direct labor-2.0 hours at $12.20 per hour Vari...
Direct materials-1 pound plastic at $6.00per pound Direct labor-2.0 hours at $12.20 per hour Variable manufacturing owerhead Fixed manufacturing overhead Total standard cost per unit $6.00 2440 15.00 13.00 $58.40 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($28.00 2.0 Itwas computed from a master manufacturing overhead budget based on normal production of 10,000 direct labor hours...
Required information [The following information applies to the questions displayed below.] Antuan Company set the following...
Required information [The following information applies to the questions displayed below.] Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. @ $6.00 per Ib.) $ 18.00 Direct labor (2.0 hrs. @ $10.00 per hr.) 20.00 Overhead (2.0 hrs. @ $18.50 per hr.) 37.00 Total standard cost $ 75.00 The predetermined overhead rate...
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor...
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here ltem Direct materials Indirect materials Hourly labor wages Description Used on Jobs 101 and 102 Used on multiple jobs 750 hours $25 per hour 200 hours for Job 101 300 hours...
company has the following estimated costs for 2014 Direct materials &
company has the following estimated costs for 2014 Direct materials 25,000 Advertising expense 15,000 Rent on factory building 13,000 Rent on office building 8,000 Direct labor 22,000 Depreciation on factory equipment 6,000 Indirect materials 10,000 Sales salaries 28,000 Insurance on factory equipment 12,000 Indirect labor 5,000 Property taxes on factory building 10,000 Property taxes on...
Question 16 Blomdahl Corporation makes a product with the following standard costs: Inputs Standard Quantity/Hours Standard...
Question 16 Blomdahl Corporation makes a product with the following standard costs: Inputs Standard Quantity/Hours Standard Price/Rate Direct Materials 5.5 kilos $8.00 per kilo Direct Labor 0.5 Hours $21.00 per hour Variable Overhead 0.5 Hour $5.00 per hour The company reported the following results concerning this product in October 7,500 units 41,100 kilos 2,800 hours Actual Output Purchase of raw...
Problem 21-3A Flexible budget preparation; computation of materials, labor, and overhead variances; and overhead variance report...
Problem 21-3A Flexible budget preparation; computation of materials, labor, and overhead variances; and overhead variance report LO P1, P2, P3, C2 [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. @ $5.00 per Ib.) Direct labor (1.7 hrs. @ $14.00 per hr.) Overhead...
Rooftop Solar estimated the following annual costs: Expected annual direct labor hours 12,000 Expected annual direct...
Rooftop Solar estimated the following annual costs: Expected annual direct labor hours 12,000 Expected annual direct labor cost $198,000 Expected machine hours 10,400 Expected material cost for the year $65,000 Expected manufacturing overhead $218,400 Job 612 used $350 of direct materials, 26 direct labor hours, and 14 machine hours. Actual labor cost is $17 per hour. a. If Rooftop Solar...
Direct materials-1 pound plastic at $6.00per pound Direct labor-2.0 hours at $12.20 per hour Variable manufacturing owerhead Fixed manufacturing overhead Total standard cost per unit $6.00 2440 15.00 13.00 $58.40 The predetermined manufacturing overhead rate is $14.00 per direct labor hour ($28.00 2.0 Itwas computed from a master manufacturing overhead budget based on normal production of 10,000 direct labor hours...
Fairfield company applies manufacturing overhead to products at a predetemined rate of $45 per direct labor hour. Its actual manufacturing costs for the most recent period are summarized here ltem Direct materials Indirect materials Hourly labor wages Description Used on Jobs 101 and 102 Used on multiple jobs 750 hours $25 per hour 200 hours for Job 101 300 hours...
Question 16 Blomdahl Corporation makes a product with the following standard costs: Inputs Standard Quantity/Hours Standard Price/Rate Direct Materials 5.5 kilos $8.00 per kilo Direct Labor 0.5 Hours $21.00 per hour Variable Overhead 0.5 Hour $5.00 per hour The company reported the following results concerning this product in October 7,500 units 41,100 kilos 2,800 hours Actual Output Purchase of raw...
Problem 21-3A Flexible budget preparation; computation of materials, labor, and overhead variances; and overhead variance report LO P1, P2, P3, C2 [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0 Ibs. @ $5.00 per Ib.) Direct labor (1.7 hrs. @ $14.00 per hr.) Overhead...
Most questions answered within 3 hours.