Direct Materials Used $465,000 Wages to Line Workers 240,000 Office Rent 72,500 Indirect Materials Used 480,000
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- Metal Company budgeted $565,000 manufacturing direct wages, 2,500 direct labor hours, and had the following manufacturing overhead: Overhead Cost Pool Budgeted Overhead Cost Budgeted Level for Cost Driver Overhead Cost Driver Materials handling $ 168,000 4,200 pounds Weight of materials Machine setup 14,700 490 setups Number of setups Machine repair 1,550 31,000 machine hours Machine hours Inspections 13,000 260 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 20 hours Direct materials 230 pounds Machine setup 40 setups Machine hours 16,000 machine hours Inspections 15 inspections Using Activity-Based Costing, overhead cost assigned to Job #971 for inspections is: Multiple Choice $2,440. $750. $9,200. $800. $1,200.Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made from components shaped in the fabricating department and assembled in the assembly department. Information related to the 31,000 desk lamps produced annually follows. Direct materials $255.000 Direct labor Fabricating department (6,000 DLH x $32 per DLH) Assembly department (15,400 DLH x $20 per DLH) $192,000 $308,000 Machine hours Fabricating department Assembly department 14,400 MH 20,900 MH Expected overhead cost and related data for the two production departments follow. Direct labor hours Machine hours. Fabricating 140,000 DLH 172,000 MH Assembly 330,000 DLH 129,000 MH $435,000 Overhead cost $330,000 Required 1. Determine the plantwide overhead rate for Laval using direct labor hours as a base. 2. Determine the total manufacturing cost per unit for the aluminum desk lamp using the plamwide overhead rate. 3. Compute departmental overhead rates based on…Accounting Independence Co. budgeted $576,760 manufacturing direct wages, 2,554 direct labor hours and had the following manufacturing overhead: Overhead Budgeted Budgeted Level Overhead Cost Pool Overhead Cost for Cost Driver Cost Driver Materials handling $171,000 3,750 pounds Weight of materials Machine setup $14,918 426 setups Number of setups Machine repair $1,577 35,000 machine hours Machine hours Inspections $11,590 171 inspections Number of inspections Requirements for Job #971 which manufactured 4 units of product: Direct labor 23 hours Direct materials 140 pounds Machine setup…
- 3,800 units, 60% completed Direct materials, 32,000 units Direct labor Factory overhead Total cost to be accounted for $ 60,400 378,000 274,000 168.000 $880.400 During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units which were 85% completed. Inventories are costed by the first-in, first-out method and all materials are added at the beginning of the process. Determine the following (round unit cost data to four decimal places to minimize rounding differences): Equivalent units of production for conversion cost (a) (b) Conversion cost per equivalent unit Total and unit cost of finished goods started in prior period and completed in the current period Total and unit cost of finished goods started and completed in the current period (c) (d) (e) Total cost of work in process inventory, June 30direct material in units 97,000 direct labor hourse 30,000 machine hours 26,000 number of set ups 300 number of devices produced 16,000 The 210,000 units of material had a total cost of 1,365,000. Direct labor is 17 per hour. The company has total overhead production cost of 1,850,000 Cost Pool 1. Equipment Maintenance 2. Production Set up 3. Material Handling 4. Transportation Cost Cost driver 1. # of machine hours 2. # of set ups 3. units of materials 4. # of devices produced Cost 1. 585,000 2. 125,000 3. 540,000 4. 600,000 Volume 1. 39,000 2. 900 3. 210,000 4. 24,000 Compute the unit cost.Direct material used 5,000 Direct labor hours worked 30 Actual overhead 220 Machine time used 12 Direct Labor rate per hour 7 Overhead application rate per hour of time machine 18 What is the total cost?
- Factory maintenance costs $90,000 Direct labor, wages 352,000 Direct labor, health insurance 32,000 Indirect labor, health insurance 15,000 Health insurance for production supervisor 6,500 Administrative costs 55,000 Rental of office space for administrative staff 17,500 Sales commissions 52,500 Direct material 1,230,000 Indirect materials 632,000 Advertising expense 39,000 Depreciation on factory building 62,000 Indirect labor, wages 70,000 Production supervisor's salary 32,000 Use the data to determine the total product cost.Department Personnel Custodial Services Maintenance Printing Binding Personnel Custodial Services Maintenance Printing Binding Total budgeted cost Total Labor- Square Feet of Space Occupied Printing Department Binding Department Total hours Hours 16,000 8,200 14,300 30,600 108,000 177,100 Budgeted overhead costs in each department for the current year are shown below: $ 300,000 66,000 93,400 Req 1 Req 2 12,400 3,100 10,500 40,400 20,900 87,300 Machine-Hours 2,400 500 2,900 414,000 170,000 $ 1,043,400 Number of Employees 22 49 69 Req 3A 105 300 545 Because of its simplicity, the company has always used the direct method to allocate service department costs to the two operating departments. Machine- Hours Required: 1. Using the step-down method, allocate the service department costs to the consuming departments. Then compute predetermined overhead rates in the two operating departments. Use machine-hours as the allocation base in the Printing Department and direct labor-hours as the…Answer question D
- Test and Pack Department 120,000 Total $306,000 The direct labor information for the production of 7,500 units of each product is as follows: Assembly Department Test and Pack Department Blender 750 dlh 2,250 dlh Toaster oven 2,250 750 Total 3,000 dlh 3,000 dlh Four Finger Appliance used direct labor hours to allocate production department factory overhead to products. If required, round all per unit answers to the nearest cent. a. Determine the two production department factory overhead rates. Assembly Department per direct labor hour Test and Pack Department per direct labor hour b. Determine the total factory overhead and the factory overhead per unit allocated to each product. Product Total Factory Overhead Factory Overhead Per Unit Blender Toaster ovenDirect materials $190,000 Direct labor (5000 hours@ $9hour) 45,000 18,000 25,000 23,500 Indirect labor Plant facility rent Depredation on plant machinery and equipment Sales commisions 24,000 Administrative expenses 39,000 amount of manufacturing overhead allocated to all jobs during June 2014 totalsSharp Enterprises Inventories: March 1 March 31 Raw Material $18,000 $15,000 Work in process 9,000 6,000 Finished Goods 27,000 36,000 Additional information for March: Raw material purchased $42,000 Direct labor payroll 30,000 Direct labor rate per hour 7.50 Overhead rate per direct labor hour 10.00 Refer to Sharp Enterprises. For March, conversion cost incurred was?