2) Based on company historical data, your masonry crew can achieve a productivity rate of 1 hours per SF You estmate the job to have 5000 SF of masonry and will need two helpers to help the mason due to the travel distance which results in an efficiency factor of .90 Your loaded labor rates are: $25/hour $15/hour Mason Helper What is your estimate for the labor cost for the masonry?

2) Based on company historical data, your masonry crew can achieve a productivity rate of 1 hours per SF You estmate the job to have 5000 SF of masonry and will need two helpers to help the mason due to the travel distance which results in an efficiency factor of .90 Your loaded labor rates are: $25/hour $15/hour Mason Helper What is your estimate for the labor cost for the masonry?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Consider the following production and cost data for two products, Big and Little: Big Little Demand in units 8,000 10,000 Contribution margin per unit $24 $18 Machine-hours needed per unit 2 MH 3 MH Labor hours needed per unit 6 DLH 4 DLH The company has 36,000 direct labor hours available each period. What is the maximum number of Littles that should be made each period? O 10,000 O 4,000 O 9,000
How do I work this problem in excel? Calculate the break even number of units if the fixed expenses are $7,000 and the contribution margin is $14 per unit.
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1.1 ) A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this production, the company need to spend 90000 pesos weekly for materials, utilities and transportation. The manager also pays a fixed cost of 10000 pesos per week. HOW MUCH per steel bar should they sell to gain a profit of 40% of the total cost?
Consider a production process where flowers are grown (the output) using gardeners (labor) and greenhouses (capital). The quantity of flowers grown per day with various combinations of labor and capital are shown in the table below. Suppose that each gardener is paid $220 per day and the greenhouse is rented for $500 per day. Fill in total cost in the table below. (Enter your responses as integers.) Labor Capital Output Total Cost 0 1 0 $nothing 1 1 80 nothing 2 1 240 nothing 3 1 320 nothing 4 1 360 nothing 5 1 380 nothing
Please use the following information and use it to complete a few calculations, and answer questions in your paper. The paper ought to be written as a brief (1-1.5 pages) report that includes your calculations and a short explanation of what the firm should do if it is making a loss. A firm currently uses 40,000 workers to produce 100,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $41. The cost of other variable inputs is $400,000 per day. Assume that total fixed cost equals $900,000. (Note: Assume that output is constant at the level of 100,000 units per day.) Calculate the values for the following variables using the formulas that are given: · Total Variable Cost = (Number of Workers x Worker’s Daily Wage) + Other Variable Costs · Total Costs = Total Variable Costs + Total Fixed…
The Borstal Company has to choose between two machines that do the same job but have different lives. The two machines have the following costs: Year Machine A 0 OLN3+ 1 2 4 $48,000 11,600 11,600 11,600 + replace Machine A Machine B These costs are expressed in real terms. a. Suppose you are Borstal's financial manager. If you had to buy one or the other machine and rent it to the production manager for that machine's economic life, what annual rental payment would you have to charge? Assume a 12% real discount rate and ignore taxes. (Do not round intermediate calculations. Enter your answers as a positive value rounded to 2 decimal places.) Machine B $58,000 11,200 11, 200 11,200 11,200 + replace Annual Rental Payment
APPLY THE CONCEPTS: Prepare a contribution margin income statement Assume that you are part of the accounting team for Starr Productions. The company has only one product that sells for $40 per unit. Starr estimates total fixed costs to be $3,700. Starr estimates direct materials cost of $12.00 per unit, direct labor costs of $15.00 per unit, and variable overhead costs of $3.00 per unit. The CEO would like to see what the gross margin and operating income will be if 600 units are sold in the next period. Prepare a contribution margin income statement. Starr Productions Contribution Margin Income Statement Sales Less: Variable costs Contribution margin Less: Fixed costs Operating income
33) What is the cost to produce one unit ? Each unit takes 4 pounds of material and each pound costs $5. Each unit takes 2 hours of direct labor time and workers are paid $20 per hour. Overhead is applied based on machine time. Each unit requires 3 hours of machine time and each hour of costs $4 of which $0.30 is depreciation. General and administrative costs are $900,000 and 100,000 units are produced and sold.
Explain points the estimator must take into consideration when preparing for an upcoming project If the daily production rate for a crew that works in activity is 200 units/day and the total crew cost per day is 150 $. The material unit cost is 3 $. - Calculate the time and cost it takes the crew to finish 2100 units -Calculate the total unit cost.
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A firm makes a range of running shoes. There are three models – Short; Middle; and Long distance. The products are aimed at different segments of the market. Product costs are computed using an overhead rate based on the labour hour method. Selling prices are set on full cost plus 20%. A unit refers to a pair of running shoes. The following information is available: Short distance Middle distance Long distance Direct material cost per unit $25 $35 $40 Labour hours per unit 2 hrs 2 hrs 2 hrs Labour rate per hour $12 $12 $12 Total labour hours used 120,000 hrs 24,000 hrs 16,000 hrs Total number of units 60,000 units 12,000 units 8,000 units Cost driver information: Short distance Middle distance Long distance No. of machine hours 60,000 48,000 48,000 No. of material orders 30 100 200 No. of sales orders 12 48 63 The total overhead costs for the business amount to $1.2…