a. Production schedule by product. Note: Use a negative sign in your schedule to indicate that an amount is subtracted Boxes Production budget Units of sales Units desired in ending inv Units needed Units in beginning inv. Budgeted production Total 42,000 1,800 43,800 Direct labor budget Required DL hours: Boxes Trays Total DLHS Average DL wage rate Total DL cost 1,200 x 42.600✔ b. Purchases budget in units by raw material, in total, and in dollars. Note: Round your final answers to the nearest whole dollar. Material purchases: Pounds Dollars Material A Material B 114,770-S 84180 S S S S Trays 30,000 C. Direct labor budget in hours by product, in total, and in dollars. The average direct labor wage rate is $9.50 per hour. 29,850 42.600 x 29.850 18.750 9.5 178,125 5.738.5 5.892.6 11.631.1
a. Production schedule by product. Note: Use a negative sign in your schedule to indicate that an amount is subtracted Boxes Production budget Units of sales Units desired in ending inv Units needed Units in beginning inv. Budgeted production Total 42,000 1,800 43,800 Direct labor budget Required DL hours: Boxes Trays Total DLHS Average DL wage rate Total DL cost 1,200 x 42.600✔ b. Purchases budget in units by raw material, in total, and in dollars. Note: Round your final answers to the nearest whole dollar. Material purchases: Pounds Dollars Material A Material B 114,770-S 84180 S S S S Trays 30,000 C. Direct labor budget in hours by product, in total, and in dollars. The average direct labor wage rate is $9.50 per hour. 29,850 42.600 x 29.850 18.750 9.5 178,125 5.738.5 5.892.6 11.631.1
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 1CE: The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include:...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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