Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost A Products B C $ 13.00 $ 8.90 $ 9.70 18.10 3.00 26.10 1.40 32.30 1.30 D $ 9.30 39.10 1.90 25.20 33.50 25.30 35.90 $ 59.30 $ 69.90 $68.60 $ 86.20 Additional data concerning these products are listed below. Products Grinding minutes per unit A 2.50 B 3.00 C 3.00 D 2.10 $ Selling price per unit $ 74.80 $ 92.20 $ 86.10 Variable selling cost per unit Monthly demand in units 2,700 $ 2.00 1,700 102.90 $ 0.30 1,900 $ 0.90 $ 0.10 2,700 The grinding machines are potentially the constraint in the production facility. A total of 23,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of the existing grinding machine capacity? Note: Round your intermediate calculations to 2 decimal places. Multiple Choice $24.90 $6.80 $13.60 $17.93 Deau Next >

Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost A Products B C $ 13.00 $ 8.90 $ 9.70 18.10 3.00 26.10 1.40 32.30 1.30 D $ 9.30 39.10 1.90 25.20 33.50 25.30 35.90 $ 59.30 $ 69.90 $68.60 $ 86.20 Additional data concerning these products are listed below. Products Grinding minutes per unit A 2.50 B 3.00 C 3.00 D 2.10 $ Selling price per unit $ 74.80 $ 92.20 $ 86.10 Variable selling cost per unit Monthly demand in units 2,700 $ 2.00 1,700 102.90 $ 0.30 1,900 $ 0.90 $ 0.10 2,700 The grinding machines are potentially the constraint in the production facility. A total of 23,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of the existing grinding machine capacity? Note: Round your intermediate calculations to 2 decimal places. Multiple Choice $24.90 $6.80 $13.60 $17.93 Deau Next >

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PB: The following product costs are available for Stellis Company on the production of erasers: direct...

See similar textbooks

Similar questions

The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
Medical Tape makes two products: Generic and Label. It estimates it will produce 423,694 units of Generic and 652,200 of Label, and the overhead for each of its cost pools is as follows: It has also estimated the activities for each cost driver as follows: How much is the overhead allocated to each unit of Generic and Label?
The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?
Crafts 4 All has these costs associated with production of 12,000 units of accessory products: direct materials, $19; direct labor, $30; variable manufacturing overhead, $15; total fixed manufacturing overhead, $450,000. What is the cost per unit under both the variable and absorption methods?
Rex Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: What is the activity rate for each cost pool?
Rocks Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: Â What is the activity rate for each cost pool?
Lampierre makes brass and gold frames. The company computed this information to decide whether to switch from the traditional allocation method to ABC: The estimated overhead for the material cost pool is estimated as $12,500, and the estimate for the machine setup pool is $35,000. Calculate the allocation rate per unit of brass and per unit of gold using: A. The traditional allocation method B. The activity-based costing method
Bruce Corporation makes four products in a single facility. These products have the following unit product costs. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Products A $ 14.90 $ 10.80 $ 11.60 $11.20 20.00 28.00 34.20 4.90 3.30 3.20 27.10 35.40 27.20 D 41.00 3.80 37.80 $66.90 $ 77.50 $ 76.20 $93.80 Additional data concerning these products are listed below. Products Grinding minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units ACD 4.40 5.90 4.90 4.00 5 76.70 $ 94.10 5 88.00 $ 104.80 $ 2.80 $ 1.80 5 3.90 $ 2.20 4,600 4,600 3,600 2,600 The grinding machines are potentially the constraint in the production facility. A total of 54,200 minutes are available per month on these machines Direct labor is a variable cost in this company. How many minutes of grinding machine time would be required to satisfy demand for all four products?
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Additional data concerning these products are listed below. Multiple Choice $10.11 $13.52 $5.06 A $13.80 18.90 3.80 26.00 $ 62.50 $17.21 A 3.30 $ 75.60 $ 1.70 3,500 Products B C $ 9.70 $ 10.50 26.90 33.10 2.20 2.10 34.30 26.10 $ 73.10 $ 71.80 Grinding minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units The grinding machines are potentially the constraint in the production facility. A total of 44,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of the existing grinding machine capacity? Note: Round your intermediate calculations to 2…
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Unit product cost Additional data concerning these products are listed below. Multiple Choice A $ 13.00 18.10 3.00 25.20 $6.80 B C D $8.90 $9.70 $9.30 26.10 32.30 39.10 1.40. 1.90 33.50 25.30 35.90 $59.30 $ 69.90 $ 68.60 $ 86.20 Products A 2.50 $ 74.80 $0.90 2,700 B Grinding minutes per unit Selling price per unit 3.00 $ 92.20 $ 0.10 Variable selling cost per unit Monthly demand in units 2,700 The grinding machines are potentially the constraint in the production facility. A total of 23,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Up to how much should the company be willing to pay for one additional minute of grinding machine time if the company has made the best use of he existing grinding machine capacity? ote: Round your…
Bruce Corporation makes four products in a single facility. These products have the following unit product costs: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead. Unit product cost Additional data concerning these products are listed below. Multiple Choice Product C Product B Product D Product A Products A B C D $17.20 $ 21.10 $ 14.10 $ 16.80 19.20 22.60 17.00 11.00 6.00 7.20 29.10 16.00 $71.50 A 2.25 $ 86.70 $ 2.95 4,600 9.70 16.10 $66.90 $ 56.90 Products Grinding minutes per unit Selling price per unit Variable selling cost per unit Monthly demand in units. The grinding machines are potentially the constraint in the production facility. A total of 10,500 minutes are available per month on these machines. Direct labor is a variable cost in this company. Which product makes the MOST profitable use of the grinding machines? Note: Round your intermediate calculations to 2 decimal places. B 1.30 $ 79.10 $ 3.65 3,600 C 0.85 $ 75.90 $4.40 3,600