Data for the next 2 questions: Aunt's Fancy Cookie Company manufactures and sells three flavors of cookies: Macaroon, Sugar, and Buttercream. The batch size for the cookies is limited to 1,000 cookies based on the size of the ovens and cookie molds owned by the company. Based on budgetary projection the information listed below is available: Total budgeted manufacturing overhead costs Total budgeted direct labor hours Projected sales in units PER UNIT data: Selling price Direct materials cost Direct labor cost $360,000 ? (you figure out based on information below) Hours per 1000-unit batch: Direct labor hours Oven hours Packaging hours Macaroon 500,000 $0.80 $0.20 $0.04 2 1 0.5 Sugar Buttercream 800,000 600,000 $0.75 $0.15 $0.02 1 1 0.5 $0.60 $0.14 $0.02 1 0.5

Data for the next 2 questions: Aunt's Fancy Cookie Company manufactures and sells three flavors of cookies: Macaroon, Sugar, and Buttercream. The batch size for the cookies is limited to 1,000 cookies based on the size of the ovens and cookie molds owned by the company. Based on budgetary projection the information listed below is available: Total budgeted manufacturing overhead costs Total budgeted direct labor hours Projected sales in units PER UNIT data: Selling price Direct materials cost Direct labor cost $360,000 ? (you figure out based on information below) Hours per 1000-unit batch: Direct labor hours Oven hours Packaging hours Macaroon 500,000 $0.80 $0.20 $0.04 2 1 0.5 Sugar Buttercream 800,000 600,000 $0.75 $0.15 $0.02 1 1 0.5 $0.60 $0.14 $0.02 1 0.5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I got both answers wrong. I found the activity rate by dividing $26,240 by each of the totals. For labor hrs I got 24.2963 and for machine hrs I got 3.7326. Then I took each of the activity rates and multiplied by each labor/machine hrs for each product. Added that up to get each total but I got it wrong. Please help.
Examples of indirect costs typically include: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply The labor costs of temporary workers on the project. The rental of the corporate building. The rental of the temporary project office space.unanswered The salary of the CEO.unanswered The salary of the project manager.unanswered The labor cost of the accounting department.
This topic is about Accounting for Manufacturing Business. It is under the normal cost system. These are the things that I want to know: - accounting entries for the letter E-L - after that, make a trial balance for the month of December 31 I've been struggling for days and I still can't balance it :((( I believe it's not complex, the trial balance presented here is just additional information.
Hi, I was wondering how you got the beginning work in process amount for part b? 2400 and 1600, I am really confused on that part and dont know how to find it.
I need answers to all parts in this question. Cost Description Possible Measure of Activity 1. Salary of production manager at a surfboard manufacturer Surfboards produced 2. Cost of solder used in making computers Computers produced 3. Cost of dough used at a pizza shop Pizzas cooked 4. Janitorial wages at a surfboard manufacturer Surfboards produced 5. Salary of the controller at a hospital Number of patients 6. Cost of sales at an electronics store Dollar sales 7. Cost of testing materials used in a medical lab Tests run 8. Cost of heating an electronics store Dollar sales 9. Cost of electricity for production equipment at a surfboard manufacturer Surfboards produced 10. Depreciation on shelving at a book store Dollar sales Required:For each item above, indicate whether the cost is MAINLY fixed or variable with respect to the possible measure of activity listed next to it. Essay Toolbar navigation opens in a dialog
But the answer appears 19,504 in the Direct Labor. How did that happen? Can you make a solution for this?
Silven Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $138,000 Number of setups 120 Ordering materials 21,600 Number of orders 1,200 Machining 107,100 Machine hours 11,900 Receiving 16,740 Receiving hours 930 Silven produces two models of cell phones with the following expected activity demands: Model X 4,600 80 400 Units completed Number of setups Number of orders Machine hours Receiving hours Required: 6,800 310 Model X Model Y Model Y 9,200 40 800 5,100 620 1. Determine the total overhead assigned to each product using the four activity drivers. Total Overhead Assigned
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl 2. Compute the contribution margin per unit. [assume direct labor is a fixed cost] 3. Compute the contribution margin per welding hour. [assume direct labor is a fixed cost] 4. Assuming direct labor is a fixed cost: a. Determine the number of WVD drums (if any) that should be purchased and the number of WVD drums and/or bike frames (if any) that should be manufactured. b. What is the increase (decrease) in net operating income that would result from this plan over current operations? 5. Compute the contribution margin per unit. [assume direct labor is a variable cost] 6. Compute the contribution margin per welding hour. [assume direct labor is a variable cost] 7. Assuming direct labor is a variable cost: a. Determine the number of WVD drums (if any) that should be purchased and the number of WVD drums and/or bike frames (if any) that should be manufactured. b.…
Match each job design technique to the statement exemplifying that technique. Biological ✓ Perceptual ✓ Motivational ✓ Organic ✓ Mechanistic A. I just finished the Casey project. What should I do now? B. We are required to wear these special belts when we unload the trucks at Target. C. This is the 30th customer I've checked out at Stop & Shop supermarket today. D. We have added enough employees so that we are breaking the human resources function into its own department. Jack will now focus on compensation and benefits, and Jill will conduct the training. Latoya will be responsible for safety and security. E. Here at Intel, we are going to change your job so that you can develop new skills and complete entire jobs by yourself. We're doing this to make the job more meaningful to you and so that you can do the job the way you want to and know how you are doing.
Required information [The following information applies to the questions displayed below.] Celestial Products, Inc., has decided to introduce a new product, which can be manufactured by either a computer- assisted manufacturing system or a labor-intensive production system. The manufacturing method will not affect the quality of the product. The estimated manufacturing costs by the two methods are as follows: Direct material Direct labor (DLH denotes direct-labor hours) Variable overhead Fixed overhead* Computer-Assisted Manufacturing System $ Volume 0.5DLH @ $25.50 0.5DLH @ $16.50 9.00 12.75 8.25 $4,410,000 units Labor-Intensive Production System $ 0.8DLH @ $21.00 0.8DLH @ $16.50 *These costs are directly traceable to the new product line. They would not be incurred if the new product were not produced. 9.90 16.80 13.20 $2,730,000 The company's marketing research department has recommended an introductory unit sales price of $75.00. Selling expenses are estimated to be $900,000…
Simkin Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Wait time Process time Inspection time Move time. Queue time The manufacturing cycle efficiency (MCE) was closest to: (Round your intermediate calculations to 1 decimal place.) Multiple Choice O 0.51 O 0.10 0.15 Hours 20.8 2.5 0.3 2.9 5.0 O 0.23
I am trying to figure out how to claculate the finished goods for this problem. for april and may. the answers go on the work-in process filling account and I am having a veryh challenging time trying to figure out how this was calculated. On the example your site provides it says that the finished goods are 49818 but I can't figure out how you got that number. Can you help please? Hearty Soup Co. uses a process cost system to record the costs of processing soup, which requires the cooking and filling processes. Materials are entered from the cooking process at the beginning of the filling process. The inventory of Work in Process-Filling on April 1 and debits to the account during April were as follows: Bal., 700 units, 30% completed: Direct materials (700 × $4.20) $2,940 Conversion (700 × 30% × $1.75) 368 $3,308 From Cooking Department, 7,500 units $32,250 Direct labor 8,560 Factory overhead 2,542 During April, 700 units in process on April 1 were…