Alpine Manufacturing plans to produce 8,000 units in March. Each unit requires 4 pounds of aluminum, which costs $3 per pound. What standard material cost per unit would the company use to plan for production? a. $3 b. $12 c. $24,000 d. $96,000
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- Remarkable Enterprises requires four units of part A for every unit of Al that it produces. Currently, part A is made by Remarkable, with these per-unit costs in a month when 4,000 units were produced: Variable manufacturing overhead is applied at $1.60 per unit. The other $0.50 of overhead consists of allocated fixed costs. Remarkable will need 8,000 units of part A for the next years production. Altoona Corporation has offered to supply 8,000 units of part A at a price of $8.00 per unit. If Remarkable accepts the offer, all of the variable costs and $2,000 of the fixed costs will be avoided. Should Remarkable accept the offer from Altoona Corporation?Hatch Manufacturing produces multiple machine parts. The theoretical cycle time for one of its products is 65 minutes per unit. The budgeted conversion costs for the manufacturing cell dedicated to the product are 12,960,000 per year. The total labor minutes available are 1,440,000. During the year, the cell was able to produce 0.6 units of the product per hour. Suppose also that production incentives exist to minimize unit product costs. Required: 1. Compute the theoretical conversion cost per unit. 2. Compute the applied conversion cost per minute (the amount of conversion cost actually assigned to the product). 3. Discuss how this approach to assigning conversion cost can improve delivery time performance. Explain how conversion cost acts as a performance driver for on-time deliveries.Carltons Kitchens makes two types of pasta makers: Strands and Shapes. The company expects to manufacture 70,000 units of Strands, which has a per-unit direct material cost of $10 and a per-unit direct labor cost of $60. It also expects to manufacture 30.000 units of Shapes, which has a per-unit material cost of $15 and a per-unit direct labor cost of $40. It is estimated that Strands will use 140,000 machine hours and Shapes will require 60,000 machine hours. Historically, the company has used the traditional allocation method and applied overhead at a rate of $21 per machine hour. It was determined that there were three cost pools, and the overhead for each cost pool is shown: The cost driver for each cost pool and its expected activity is shown: A. What is the per-unit cost for each product under the traditional allocation method? B. What is the per-unit cost for each product under ABC costing?
- Please give me answer AccountingLet's say that ABC company manufactures and sells 20,000 units of its product yearly. A single product includes these costs: Direct materials: $3 per unit Direct labor: $5 per unit Variable manufacturing overhead: $2 per unit Fixed manufacturing overhead: $35,000 per year, which computes to a $1.75 per unit cost ($35,000/20,000 annual units) Can you explain what the per unit cost of the product would be under the Absorption and Variable costing methods?A concrete hollow blocks (CHB) plant has an overhead cost of P150,000 per month. The material cost is P3.75 per unit and labor cost P2.25 per unit. How many units should be made per month to break-even if the selling price is P7.50 per unit.
- Need helpVogel Inc. manufactures memory chips for electronic toys within a relevant range of 45,000 to 75,000 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 45,000 60,000 75,000 Total costs: Total variable costs . . . . . . . . . $1,350,000 (d) (j) Total fixed costs . . . . . . . . . . . . 810,000 (e) (k) Total costs . . . . . . . . . . . . . . . . . $2,160,000 (f) (l) Cost per unit: Variable cost per unit . . . . . . . (a) (g) (m) Fixed cost per unit . . . . . . . . . . (b) (h) (n) Total cost per unit . . . . . . . . . . (c) (i) (o) Complete the cost schedule. When computing the cost per unit, round to two decimal places. Cost Report Components produced 45,000 60,000 75,000 Total costs: Total variable costs $1,350,000 (d) $ (j) $ Total fixed costs 810,000 (e) (k) Total costs $2,160,000…Saira Frozen Foods, Inc., produces frozen pizzas. For next year, Saira predicts that 50,000 units will be produced, with the following total costs: Direct materials $250,000 Direct labour 90,000 Variable overhead 45,000 Fixed overhead 120,000 Required: 1. Calculate the prime cost per unit. 2. Calculate the conversion cost per unit. 3. Calculate the total variable cost per unit. 4. Calculate the total product (manufacturing) cost per unit. Write formula wherever required, provide all the working outs. Do not just type the final answer.
- For February, the cost components of a picture frame include $0.40 for the glass, $0.67 for the wooden frame, and $0.83 for assembly. The assembly desk and tools cost $570. Two hundred fifty frames are expected to be produced in the coming year. What cost function best represents these costs? a. y = 570 + 1.07X b. y = 570 + 1.90X c. y = 1.90 + 570X d. y = 1.07 + 570XEach finished unit of product X contains 60 pounds of raw materials. The manufacturing process must provide for a 20% waste allowance. The raw materials can be purchased for a cost of P2.50 a pound under terms of 2/10, n/30. The company takes all cash discounts. What is the standard direct materials cost of each unit of product X? a. 180 b. 187.50 c. 183.75 d. 176.40 Please include a short explanation. Thank you.Econ Company produces widgets. Each widget sells for $120, and the company sells approximately 50,000 widgets each year. Unit cost data for the year follows: Direct Material, $38 Direct Labor, $20 Other Cost: Variable Fixed Manufacturing $12 $8 Distribution 8 6 a. $70 b. $45 c. $75 d. $89
