Calculate Manufacturing Cost?

Q: rticulars Product X Product Y Total product Units produced per annum Material cost pe

A: 1) Calculation of production cost unit of Product "X" and Product "Y" - Particulars Cost driver…

Q: Variable cost per uni

A: The total cost of production of a good comprises of the total fixed cost of production and the total…

Q: Dan Wood Ltd commenced business on 1st January 2020 making one product only, which sells for K160…

A: (a) Budgeted Fixed Production Overheads per annum = K 120,000 (b) Budgeted Normal Output per annum =…

Q: Product- A Product-B Production 10,000 units 8,000 units 900 units Beginning Inventory Ending…

A: Prime cost means the direct material and direct labor cost. Direct material means material used in…

Q: The following were incurred for the month: direct materials = ₱ 117,000; manufacturing overhead =…

A: Direct material cost = P 117,000 Manufacturing overhead = P 63,000 Direct labor = P 78,000 Selling…

Q: a. Manufacturing margin b. Contribution margin c. Operating income for Philadelphia Company

A: "Contribution Margin: The Contribution Margin is also can be treated on a gross or per unit basis.…

Q: Kim Company pays $6,000 per month for renting the factory building. Compute rent cost per unit of…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: Dewan Company has set the following standards for one unit of product: Direct material Quantity: 6.2…

A: Variance is the difference between budgeted costs for actual output and actual cost for actual…

Q: Ibrahim Corporation has the following estimated costs for the year: Direct Materials…

A: Pre-Determined Overhead Rate: Manufacturing overheads are those costs that are incurred indirectly…

Q: Net Sales Revenue: Variable Cost of Goods Sold: Fixed Cost of Goods Sold: Variable Selling and…

A: Absorption costing considers all costs of manufacturing as product costs irrespective of the nature…

Q: How much is the cost of goods sold?

A: Direct material + Direct labour + Direct expense  Prime cost  + Manufacturing overhead  Cost of…

Q: Question: Company A has to decide whether to manufacture Product X internally or to buy from…

A: Here fixed costs  incurred  is also taken  for the decision  making  purpose because  it is change…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Calculation of gross profit are as follows

Q: The following costs were incurred in January: Direct materials = PhP1,650,000 Direct labor =…

A: Conversion costs only include direct labor cost and manufacturing overhead

Q: Records from Kofi Sam Ltd for the year ended December 31, 2016 revealed these extract: GH¢ Sales…

A: The contribution margin is calculated as the difference between sales and variable costs.The gross…

Q: d. All of the above Q6. Calculate the total packing and shippi Sam's Mart Company Activity Cost per…

A: ACTIVITY BASED COSTINGActivity Based Costing is a Powerful tool for measuring…

Q: Company A has to decide whether to manufacture Product X internally or to buy from outsiders at…

A: Make or buy is the decision where the company estimates the cost of manufacturing the product…

Q: Burnham Industries incurs the following costs for the month: Direct materials $1,900 Direct labor…

A:

Q: 15-10 CASH BUDGETING Helen Bowers, owner of Helen's Fashion Designs, is planning to request a line…

A: Solution:To create a cash budget for Helen's Fashion Designs, we'll follow these steps:Calculate…

Q: am. 129.

A: The objective of the question is to calculate the breakeven points, prepare the Full Costing and…

Q: The following were taken from the books of Curtis Company: January 1: RM $270,000; WIP $0; FG…

A: Total purchases for quarter ending March 31 = Direct materials used + RM on March 31 - RM on January…

Q: Equivalent units of production based on weighted-average are: 100,000 units material, 80,000 units…

A: Process costing is one of the method of cost accounting, under which product has to go through…

Q: The table below shows monthly data collected on production costs and on the number of units produced…

A: Variable cost per unit as per high low method = Difference in costs/ Difference in units

Q: Burnham Industries incurs the following costs for the month: Direct materials $2,000 Direct labor…

A: Prime cost = Direct materials + direct labor

Q: Geneva Company reports the following information for July: Sales $ 792,000 Variable cost of goods…

A: Lets understand the basics.Contribution margin is a margin generated on sales. It is derived by…

Q: Refer to the earned value table for Project Terrace, for the end of day 6, and answer questions…

A: Note: All the amounts are in dollars and are in hundreds.

Q: Material Cost variance Labour Cost variance Fixed Overhead Cost variance

A: Calculation of Materials Cost Variance (MCV) :- = Standard Cost for Actual Pro- Actual Cost  = (4800…

Q: Chosen totals and balances of accounts are as follows (in USD): Expenses by nature 350 000 Expenses…

A: Inventory Flows based on LiFo method.LIFO valuation is a method of inventory valuation that takes…

Q: Aquaria, Co. reported the following accounting data. Sales quantity Sales Direct material Direct…

A: The cost is divided into two - fixed cost and variable cost.. Variable cost is the one that changes…

Q: The table below shows monthly data collected on production costs and on the number of units produced…

A: What is meant by Fixed Cost? It is the cost that does not change with the change in the level of…

Q: Rios Corporation reports costs for the year as follows: Direct Materials Used Wages to Line Workers…

A: Product cost includes all the direct expenses and overheads related to manufacturing the product…

Q: Lindquist Company has the following information for February: Line Item Description Amount…

A: The objective of the question is to calculate the Manufacturing Margin, Contribution Margin, and…

Q: The following transactions relate to the AKHTER CORP. for the month of November 2015:     Product…

A: Prime cost includes direct expenses related to Manufacturing of a goods. Major component of Prime…

Q: The following costs were incurred in March: Direct materials = PhP1,050,000 Direct Labor =…

A: The conversion costs include direct labor and manufacturing overhead. Selling and administrative…

Q: Accounting Alta Ltd. is manufacturing three products : A, B and C. The costs of manufacture are as…

A: Profit = revenue - costs   Product : A      = 60,000-10,000-14,000-16,000 Profit=20,000   Product:B…