4. Manufacturlng coeto. Krieger Company is to submlt a bld on the production of 11,250!.ceramlc plates. It Is estimated that the cost of materials wll be $13,000, and the cost oldirect labor wlll be $15,000 Factory overhoad Is applled at $2.70 per direct labor hour In!the Molding Department and at 35% of the direct labor cost in the Decoraling Department.It Is estimated that-1,000 direct labor hours at a cost of $9,000 will be required In Moldlng.The company wishes a markup45% of Its tolal production cost.Roqulred: Determine the following:(1) Estimated cost to produce.(2) Estlımated prime cost:(3) Estimated convorslon cost.(1) Bt prico.

>Estimated Cost to produce a product includes all the production cost to be incurred.…

4. Manufacturlng coeto. Krleger Company Is to submlt a bld on the production of 11,250! ceramlc plates. It Is estimaled that the cost of naterlals wll be $13,000, and the cust of direct labor wlli be $15,000| Factory overhoad Is applled at $2.70 per direct labor hour In the Molding Department and at 35% of the direct labor cost in the Decoraling Dopartment. It Is estimated that 1,000 direct labor hours at a cost of $9,000 will be required In Moldlng. The company wlshes a markup of 45% of Its tolal production cost. Roqulred: Determine the following: (1) Estimated cost to produce. (2) Estlmated prime cost: (3) Estimated convorslon cost. (1) EBlet price.

4. Manufacturlng coeto. Krleger Company Is to submlt a bld on the production of 11,250! ceramlc plates. It Is estimaled that the cost of naterlals wll be $13,000, and the cust of direct labor wlli be $15,000| Factory overhoad Is applled at $2.70 per direct labor hour In the Molding Department and at 35% of the direct labor cost in the Decoraling Dopartment. It Is estimated that 1,000 direct labor hours at a cost of $9,000 will be required In Moldlng. The company wlshes a markup of 45% of Its tolal production cost. Roqulred: Determine the following: (1) Estimated cost to produce. (2) Estlmated prime cost: (3) Estimated convorslon cost. (1) EBlet price.

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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Cc.70.
am. 100.
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