5-21 ABC, process costing. Parker Company produces mathematical and financial calculators and oper- ates at capacity. Data related to the two products are presented here: TI Mathematical Financial Annual production in units Direct material costs Direct manufacturing labor cests Direct manufacturing labor-hours Machine-hours Number of production runs Inspection hours 50,000 S150,000 S 50,000 2,500 25,000 50 1,000 100,000 $300,000 S100,000 5,000 50,000 50 500 CHAPTERG ACTIMIY BASED COSTING AND ACTMIY-BASED MANAGEMENT Total manufacturing overhead costs are as follows: Machining costs Setup costs Inspection costs Total S375,000 120,000 105,000 Required 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. 2. Compute the manufecturing cost per unit for each product. Act

5-21 ABC, process costing. Parker Company produces mathematical and financial calculators and oper- ates at capacity. Data related to the two products are presented here: TI Mathematical Financial Annual production in units Direct material costs Direct manufacturing labor cests Direct manufacturing labor-hours Machine-hours Number of production runs Inspection hours 50,000 S150,000 S 50,000 2,500 25,000 50 1,000 100,000 $300,000 S100,000 5,000 50,000 50 500 CHAPTERG ACTIMIY BASED COSTING AND ACTMIY-BASED MANAGEMENT Total manufacturing overhead costs are as follows: Machining costs Setup costs Inspection costs Total S375,000 120,000 105,000 Required 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per unit for each product. 2. Compute the manufecturing cost per unit for each product. Act

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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Question 5: The Information below is taken from production department of Salalah Company for April: The number of units produced is 10060. All amounts are in OMR. |Total Costs |500000 Variable Cost ? | 400000 Fixed Cost |Direct material cost |Total labor cost |Manufacturing Overhead ? 100000 90000 30000 Calculate: A. Find the missing information in the above table. Some values may not be applicable, explain. B. Calculate cost per unit C. Describe the production costs in the equation form Y =f+ vX, D. Assume Salalah intends to produce 10000 units next month. Calculate total production costs for the month
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Data concerning three of Kilmon Corporation’s activity cost pools appear below: Activity Cost Pools Estimated Overhead Cost Expected Activity Assembling products $ 65,540 4,520 assembly hours Designing products $ 578,112 3,011 product design hours Setting up batches $ 41,820 820 batch set-ups Required: Compute the activity rates for each of the three cost pools. (Round your answers to 2 decimal places.) Activities Activity rate Assembly products Designing products Setting up batches
Sheffield Company had the following department information for the month: Total materials costs Equivalent units of production for materials Total conversion costs Equivalent units of production for conversion costs What is the total manufacturing cost per unit? O $3.20. O $7.90. O $4.70. O $3.63. $47000 10000 $80000 25000