Board games inc. makes this accounting questions solution Board Games, Inc. makes board games.The following data pertains to the last six months:Direct Labor HoursMonth 145,000Month 2 59,000Month 3 57,000Month 4 52,000Month 5 34,000Manufacturing Overhead$295,000$317,000$323,000$247,250$178,200$166,500Month 6 27,000Based on this data, what is the linear cost equation? (Round intermediary calculations to thenearest cent.)A. y $0.21 X+$150 comma 500B. y $4.70 X + $39 comma 700C. y $4.76 X + $29 comma 970

Step 1: Highest point; Lowest point Take the highest level of activity (Month 2) and the lowest…

Answered: Board Games, Inc. makes board games.…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...

See similar textbooks

Similar questions

Kamala CEO Inc. makes trivia games. The following data pertains to the last six months: Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Direct Labor Hours Manufacturing Overhead 45,000 60,000 57,000 52,000 34,000 25,000 $295,000 $320,000 $323,000 $247,250 $178,200 $162,500 Based on this data, what would the estimated manufacturing overhead be at a level of 54,000 direct labor hours? (Hint: Use the high-low method) a. $266,000 b. $293,000 c. $168,000 d. $295,000
Locke Data Processing reported expenses of $5 million for labor, of which $3 million was for dataanalysis and $2 million was for data entry. Locke recorded 30,000 hours of data analysis and 100,000hours of data entry. What are the activity-based rates for each type of direct labor?
Locke Data Processing reported expenses of $5,000,000 for indirect labor, of which $3,000,000 was for data analysis, and $2,000,000 was for data entry. Locke recorded 30,000 hours of data analysis and 100,000 hours of data entry. What are the activity-based rates for each area of direct labor?
Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct materials $7,000 Direct labor 3,000 Manufacturing overhead 2,000 Selling expense 8,000 Last month, 4,000 units were produced and sold. Required: Classify each of the costs as product cost or period cost. Direct materials Direct labor Manufacturing overhead Selling expense What is the total product cost for last month?$ What is the unit product cost for last month?$per unit Product Cost in Total and Per Unit Grin Company manufactures digital cameras. In January, Grin produced 4,000 cameras with the following costs: Direct materials $400,000 Direct labor 80,000 Manufacturing overhead 320,000 There were no beginning or ending inventories of WIP. Required: What was the total product cost in January?The total product cost in January is $. What was the product cost per unit in…
Calculate the cost per unit
The management of Casablanca Manufacturing Corporation believes that machine-hours is an appropriate measure of activity for overhead cost. Shown below are machine-hours and total overhead costs for the past six months: January February March April May June Machine- Hours 150,000 140,000 160,000 130,000 170,000 200,000 $319,500 $362,500 $400,000 Assume that the relevant range includes all of the activity levels mentioned in this problem. What is Casablanca's independent variable? Multiple Choice Overhead Cost $339,000 $328,000 $350, eeb the year the total overhead cost
Acme Corporation produces two basic products: widgets and wadgets. Below is a table of outputs and inputs for the months of July (column 2) and August (column 3). Widgets produced 100,000 110,000 Selling price / widget $50 $52 # of workers 20 24 Monthly cost / worker $3,500 $3,500 Energy (kwh) 250,000 255,000 Cost / kwh 0.18 0.175 Raw material (kg) 2,000 2,300 Cost/ kg $50 $51 Suppose I were to calculate productivity using # of units produced as output and energy for input. What type of productivity calculation would that be? O None of the other answers is correct O Partial O Multi-factor Total
Angler Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Assembly 248,888 DLH Finishing 154,000 DLH 68,000 MH 448,800 MH $440,000 Direct labor hours Machine hours Overhead costs Assume that Angler Industries allocates overhead using a plantvide overhead rate based on machine hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 3.90 machine hours in the Assembly Department, and 4.00 direct labor hours and 0.6 machine hours in the Finishing Department? Multiple Chaises O O O $21.50 $17.60 $2.00. $18.10 $ 677,680 $13.20.
A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Last month, 4,000 units were produced and sold. Required: 1. Classify each of the costs as product cost or period cost. 2. What is the total product cost for last month? 3. What is the unit product cost for last month?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Managerial Accounting: The Cornerstone of Busines…

Accounting

ISBN:

9781337115773

Author:

Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:

Cengage Learning

Essentials of Business Analytics (MindTap Course …

Statistics

ISBN:

9781305627734

Author:

Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:

Cengage Learning

Principles of Cost Accounting

Accounting

ISBN:

9781305087408

Author:

Edward J. Vanderbeck, Maria R. Mitchell

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS