A service company has total overhead costs of $192,000 and allocates it using machine hours. If the company plans to use 24,000 machine hours, what is the overhead rate per machine hour?
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- Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine hours per unit, direct material cost of $5 per unit, and direct labor of $5 per unit. What is the cost of each unit produced?
- If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of capacity the next month, will a different cost per unit be charged to the work-in-process account each month for factory overhead assuming that a predetermined annual overhead rate is used?The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include: Fixed costs (salaries, tools): 64,900 per year Variable costs (supplies): 1.35 per maintenance hour Estimated usage by: Actual usage by: Required: 1. Calculate a single charging rate for the Maintenance Department. 2. Use this rate to assign the costs of the Maintenance Department to the user departments based on actual usage. Calculate the total amount charged for maintenance for the year. 3. What if the Assembly Department used 4,000 maintenance hours in the year? How much would have been charged out to the three departments?A company currently pays $5 per unit to buy a key part for a product it manufactures. It can make the part for $1.50 per unit for direct materials and $2.50 per unit for direct labor. The company normally allocates overhead costs at the rate of 50% of direct labor. Incremental overhead costs to make this part are $0.75 per unit. Should the company make or buy the part?
- K Company estimates that overhead costs for the next year will be $4,000,000 for indirect labor and $970,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. If 140,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate? Multiple Choice $0.03 per direct labor hour. O $0.14 per direct labor hour. $6.93 per direct labor hour. O $28.57 per direct labor hour. O $35.50 per direct labor hour.Ho Cabinet Company has developed the following overhead cost formulas: Overhead Cost Cost Formula Depreciation $600 Lubrication $150 plus $0.70 per machine hour Utilities $0.50 per machine hour Based on these cost formulas, the total overhead cost expected for Ho Cabinet Company if 1,200 machine hours are worked is:Vinubhai
- What is the fulll cost of the product?Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Direct materials Direct labor $ 42,600 Supplies Utilities Depreciation Insurance $ 1,800 $ 14,600 $ 11,400 Required: Cost per Machine-Hour $ 5.40 $0.30 $ 0.10 For example, utilities should be $1,800 per month plus $0.10 per machine-hour. The company expects to work 4,100 machine-hours in June. Note that the company's direct labor is a fixed cost. Complete the company's planning budget for manufacturing costs for June.Wyckam Manufacturing Incorporated provided the following cost formulas for its manufacturing costs: Direct materials Direct labor Supplies Utilities Depreciation Insurance Fixed Cost Cost per per Month Machine-Hour $ 5.40 $ 42,900 $ 0.20 $ 1,700 $ 0.20 $ 14,700 $ 11,800 For example, utilities should be $1,700 per month plus $0.20 per machine-hour. The company expects to work 4,000 machine-hours in June. Note the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Budgeted machine-hours Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0
