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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How do I determine the cost of one unit each of SW100 and SG150, assuming a company wide overhead rate is used based on total machine hours? Round rate to two decimal places.
es ! Required information [The following information applies to the questions displayed below.] Performance Products Corporation makes two products, titanium Rims and Posts. Data regarding the two products follow: Direct Labor- Hours per unit 0.50 0.80 Annual Production 25,000 units Rims Posts 88,000 units Additional information about the company follows: a. Rims require $19 in direct materials per unit, and Posts require $17. b. The direct labor wage rate is $15 per hour. c. Rims are more complex to manufacture than Posts and they require special equipment. d. The ABC system has the following activity cost pools: Activity Cost Pool Machine setups Special processing General factory Activity Measure Number of setups Machine-hours Direct labor-hours Unit product cost of Rims Unit product cost of Posts Estimated Overhead Cost $ 26,400 $ 163,680 $ 500,000 Estimated Activity Rims 70 4,000 12,500 Posts 430 0 70,400 Total 500 4,000 82,900 2. Determine the unit product cost of each product…
M40.eth help 450 000. కాి direct la bor cost 200% of dırect laber cost Per Tedel adutes B) Activity rake C A/B per machine hour 2000+200e.. Smithson, Inc. produces two types of gas grills: a family model and a deluxe model. Smithson's controller has decided to use a plantwide overhead rate based on direct labor costs. The president of the company recently heard of activity-based costing and wants to see how the results would differ if this system were used. Two activity cost pools were developed: machining and machine setup. Presented below is information related to the company's operations: c00+800)! Family Model $75,000 2,000 200 Deluxe Model $150,000 2,000 Direct labor costs Machine hours Setup hours 800 Total estimated overhead costs are $450,000. Overhead cost allocated to the machining activity cost pool is $270,000 and $180,000 is allocated to the machine setup activity cost pool. 450000-6 4500 ల Instructions (a) (b) (c) (d) 150 Compute the overhead rate using the traditional…
based on the attached what is the answer?
The Nablus Manufacturing Company produces steel wheels. The cost per unit at a production level of 800 wheels is as follows: Direct materials used $ 15 Direct manufacturing labour $ 25 Manufacturing overhead - variable $ 21 Manufacturing overhead – fixed $ 19 Total cost per unit $ 80 If you know that the company has the capacity to produce 1,500 wheels monthly, and the monthly administrative and marketing costs amount to $37,500. How much does it cost to manufacture 1,200 wheels in a month? a. $ 96,000 b. $ 88,400 c. $ 125,900 d. $ 133,500
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Subject: Acounting
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