Assume the same data for PARE Company in Illustrative Problem 2 and the actual data for the years 2021 are as follows: ( Assume that production = units sold ) 2021 P 53.75 Sales price/unit Materials used (kg) Materials cost / kg 6, 750 P7 Direct labor hours 6, 480 Direct labor cost/hr P 32.50 PARE Company monitored the efficiency of processes from receiving customer orders until they are shipped to customers. Average times incurred per order processed are as follows: Time ( in days ) 2021 Wait time 4 Process time Inspection time 1.5 Move time .25 Queue time .80

Assume the same data for PARE Company in Illustrative Problem 2 and the actual data for the years 2021 are as follows: ( Assume that production = units sold ) 2021 P 53.75 Sales price/unit Materials used (kg) Materials cost / kg 6, 750 P7 Direct labor hours 6, 480 Direct labor cost/hr P 32.50 PARE Company monitored the efficiency of processes from receiving customer orders until they are shipped to customers. Average times incurred per order processed are as follows: Time ( in days ) 2021 Wait time 4 Process time Inspection time 1.5 Move time .25 Queue time .80

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter4: Accounting For Factory Overhead

Section: Chapter Questions

Problem 4P: Using the data in P4-2 and Microsoft Excel: 1. Separate the variable and fixed elements. 2....

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