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?
- N1. AccountSubject :- AccountingPlymouth Manufacturing produces cup holders. Total manufacturing costs are $400,000 when 40,000 holders are produced. Of this amount, total variable costs are $120,000. What are the total production costs when 60,000 holders are produced? (Assume the same relevant range for both production levels.) A. $130,000 B. $600,000 C. $530,000 D. $460,000
- 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 + 570XYour Company has a limit of 65,000 machine hours for the production. It produces three products, with costs and selling prices as follows: Products C Demand in units 20,000 18,000 15,000 Selling price per unit $30 $20 $15 CM ratios 35% 25% 60% 3. 3 MH per unit What is the maximum contribution margin Your Company can make?Seashore Industries can manufacture 2,000 units of a necessary component part with the following Costs: Direct Materials $80,000 Direct Labour 20,000 Variable Manufacture Overhead 50,000 Fixed Manufacture Overhead 50,000 If Seashore can purchase it at $90 each externally, it can avoid $10,000 of the fixed manufacture overhead and generate $15,000 additional incomes. If Seashore would choose to buy instead of make, what is the incremental income or loss? Select one: a. $5,000 profit b. $20,000 c. $4,000 loss d. $5,000 loss
- Tchaikovsky Manufacturing Company can make 100 units of a necessary component part with the following costs. Direct Materials Direct Labor $80,000 13,000 Variable Manufacturing Overhead 40,000 Fixed Manufacturing Overhead 27,000 If Tchaikovsky Manufacturing Company can purchase the component externally for $145,000 and only $4,000 of the fixed costs can be avoided, what is the correct "make or buy" decision? a. Make and save $20,000. b. Buy and save $20,000. c. Buy and save $8,000. d. Make and save $8,000.Total Production Costs?At 50,000 units of production, the Grayson Company expects costs to be as follows: Direct materials $140,000 $100,000 $50,000 $40,000 Direct labour Depreciation of factory Depreciation of production equipment Production supervisor's salary Supplies Indirect labour Electricity Assume all cost items are either strictly fixed or strictly variable. The total cost of direct materials at 40,000 units of production would be: Select one: a. $116,000 b. $168,000 $ 24,000 $5,000 $ 30,000 $ 15,000 c. $112,000 d. $140,000
