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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
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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Having trouble finding the total Direct labor hours. My teacher showed us but don't know where he was getting his numbers. Need help with question 8. Thanks

Total overhead costs and activity levels for the year are estimated as follows: Overhead costs $210,000 Activity levels 1,900 oven hours $150,000 950 packaging hours $360,000 Activity Oven Packaging 8. If factory overhead cost is allocated based upon a plant-wide overhead rate based on direct labor hours, determine cost of production per unit (not per batch) of Macaroon, Sugar, and Buttercream, respectively. dire Cost per Unit Macaroon Cookie Sugar Cookie $ units of Produc$7 and 100 Buttercream Cookie $
Transcribed Image Text:Total overhead costs and activity levels for the year are estimated as follows: Overhead costs $210,000 Activity levels 1,900 oven hours $150,000 950 packaging hours $360,000 Activity Oven Packaging 8. If factory overhead cost is allocated based upon a plant-wide overhead rate based on direct labor hours, determine cost of production per unit (not per batch) of Macaroon, Sugar, and Buttercream, respectively. dire Cost per Unit Macaroon Cookie Sugar Cookie $ units of Produc$7 and 100 Buttercream Cookie $
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 projections, 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 1 0.5
Transcribed Image Text: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 projections, 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 1 0.5
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