Deltacorp Manufacturing is developing direct labor standards. The basic direct labor wage rate is $12.50 per hour. Employment taxes are 8% of the basic wage rate. Fringe benefits are $3.80 per direct labor hour. The standard rate per direct labor-hour should be: a. $6.75 b. $5.80 c. $12.50 d. $17.30
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Deltacorp Manufacturing is developing direct labor standards. The basic direct labor wage rate is $12.50 per hour. Employment taxes are 8% of the basic wage rate. Fringe benefits are $3.80 per direct labor hour. The standard rate per direct labor-hour should be: a. $6.75 b. $5.80 c. $12.50 d. $17.30
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- A Civil Engineer produces a certain construction material at a labor cost of P16.20 per piece, materials cost of P38.50 per piece and variable cost of P7.40 per piece. The fixed charges on the business is P100,000 a month. If the product is sold for P95.00 each, how many pieces must be made and sold each month to break even?What is the contribution margin ratio for yountz company?7. Required: 1. Milano Company’s predetermined overhead rate for manufacturing overhead is $20 per direct labour-hour. The wage rate is $25 per hour. If the budgeted direct labour cost was $400,000, what was the budgeted manufacturing overhead? 2. Zion wants to compute the total cost for preparing a corporate tax return for his client. His labour is the only direct cost at $69 per hour. He estimates monthly overhead costs at $8,100 for 162 direct labour-hours. If the tax return requires 14 hours to prepare, what will be the total direct cost, indirect cost, and job cost, respectively?
- A firm manufactures a product that sells for $640 per unit. Variable cost per unit is $360 and fixed cost per month is $26,880. Capacity is 150 units per period. a. How much is the contribution margin? b. How much is the contribution rate? c. How many units must they sell in order to break even? d. Determine the break-even point if fixed cost is increased to $32,200. e. Determine the break-even point as a percent of capacity if fixed cost is reduced to $23,808, while unit variable cost is increased to 60% of unit price.Please give answer the questionAaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $770,000 and $500,000, respectively. Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 17,000 hours and 5,000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.) A. $29.41 per labor hour B. $1.54 per labor hour C. $154.00 per machine hour D. $100.00 per machine hour
- The following data related to labor is available for Sunland Repair Shop for 2019: Repair technicians’ wages $280000 Fringe benefits 80000 Overhead 60000 Total $420000 The desired profit margin is $44 per labor hour. The material loading charge is 40% of invoice cost. It is estimated that 5000 labor hours will be worked in 2019.Sunland’ labor charge per hour in 2019 would be $116. $100. $128. $84.Graber and Johnson, Attorneys at Law, recently opened a law practice in the Northwest. Their goal is to generate a monthly net income of $10,000. They have initially set their billing rate at $150 per hour. Their billable hours in the first month of operations (January) were 150 and in the second month of operations (February) were 175 billable hours. The costs incurred at these levels for January and February are given below. 150 billable hours 175 billable hours Salaries: Mr. Graber Ms. Johnson Legal Secretary Depreciation (Furniture) Supplies Rent Utilities Total cost $10,000.00 10,000.00 4,000.00 500.00 450.00 1,000.00 412.00 $26,362.00 $10,000.00 10,000.00 4,000.00 500.00 525.00 1,000.00 449.50 $26,474.50What is that overhead rate?
- Yelk Garage uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits $ 68 per hour Annual labor hours 3,100 hours Annual materials purchases $ 834,000 Materials purchasing, handling, and storage $ 50,040 Overhead for depreciation, taxes, insurance, etc. $ 68, 200 Target profit margin for both labor and materials 20 % What should Yelk set as the materials markup per dollar of materials used? Multiple Choice 26%. 6%. 20 %. 38%.32%.A manufacturing company has to produce and sell 228 items every month to break even. The company's fixed costs are $2,253.50 per month and variable costs are $10.00 per item. a. What is the total revenue at the break-even point? Round to the nearest cent b. What is the selling price per item? Round to the nearest centThe predetermined overhead rate per direct labor hour will be?