Direct materials used OMR 24,000 Direct labor OMR 36,800 Sales salaries OMR 19,200 Indirect labor OMR 4,800 Production manager's salary OMR 9,600 Marketing costs OMR 6,400 Factory lease OMR 14,400 What is total manufacturing overhead? a. None of the given answer. b. OMR 20,800 С. OMR 25,600 O d. OMR 28,800 O e. OMR 35,200

Direct materials used OMR 24,000 Direct labor OMR 36,800 Sales salaries OMR 19,200 Indirect labor OMR 4,800 Production manager's salary OMR 9,600 Marketing costs OMR 6,400 Factory lease OMR 14,400 What is total manufacturing overhead? a. None of the given answer. b. OMR 20,800 С. OMR 25,600 O d. OMR 28,800 O e. OMR 35,200

Name: XYZ Company has the following balances for the current month:Direct m
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Description: XYZ Company has the following balances for the current month:Direct materials usedOMR 24,00ODirect laborOMR36,800Sales salariesOMR19,200Indirect laborOMR4,800Production manager's salaryOMR9,600Marketing costsOMR6,400Factory leaseOMR14,400What is tot

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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Product A Product B Direct material in pounds 139,500 190,500 Direct labor hours 30,000 37,500 Machine hours 52,500 22,500 Number of setups 430 860 Number of units produced 15,000 7,500 Additional data: The 330,000 pounds of material were purchased for $544,500. One direct labor hours costs $12. a. Assume that Odyssey Inc. uses direct labor hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Total cost $2,296,245 * $ Total cost per unit $ 153.08 * $ b. Assume that Odyssey Inc. uses machine hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A $3,141,495 * $ 209.43 * $ Total cost Total cost per unit $ Product B 2,907,555 * 387.67 * Total cost $ Total cost per unit $ Product A 2,491,335 * $ 166.09 * $ Product…
Question Content Area A company has traditionally allocated its overhead based on machine hours but had collected this information to change to activity-based costing: Estimated Activity Activity Center Product 1 Product 2 Estimated Cost Machine Setups 15 45 $9,600 Assembly Parts 3,000 3,000 144,600 Packaging Pieces 750 600 82,350 Machine Hours per Unit 4 3 Production Volume 750 1,500 A. How much overhead would be allocated to each unit under the traditional allocation method? Round your answers to two decimal places. Product 1 Product 2 Allocation per unit $fill in the blank 1 $fill in the blank 2 B. How much overhead would be allocated to each unit under activity-based costing? Round your answers to two decimal places. Product 1 Product 2 Allocation per unit $fill in the blank 3 $fill in the blank 4
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Bob Corp uses three products with the following production and cost information: P1 P2 MAS Total Units Produced & Sold 2,000 4,000 6,000 2,000 150 12,000 4,000 20,000 10,000 Direct labor hours Number of Machine Set-ups Number of Shipments Number Engineering change orders Direct labor cost per hour 100 250 500 200 225 275 700 15 10 5. 30 P0.50 PO.50 РО.50 Direct material cost per unit P2.00 P2.00 P2.00 Selling price per unit P50.00 P15.00 P10.00 The factory overhead costs include set-ups of P45,000; shipping costs of P70,000; and engineering costs of P90,000. Using Traditional Costing and ABC 1. Compute for the factory overhead per unit 2. Total Manufacturing Cost 3. Gross Profit per unit. per unit
Which of the following unit costs is not the cost assigned to goods completed and transferred in any of the processes? P 9.00 P16.,76 P24.34 P23.52
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Equipment expense Indirect labor $ 102,000 $ 7,500 Distribution of Resource Consumption Across Activity Cost Pools: Equipment expense Indirect labor Activity: Product F6 Product X0 Total Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: MHS (Processing) 15,000 1,260 16,260 mrst stage allocations follow. Processing 0.30 0.30 Activity Coat Pools Supervising 0.50 0.40 Equipment depreciation Supervisory expense What is the overhead cost assigned to Product XO under activity-based costing? (Round your intermediate calculations to 2 decimal places.) Equipment depreciation Supervisory expense Product MO Product H2 Total Batches (Supervising) 610 640 1,250 Distribution of Resource Consumption Across Activity Cost Pools: $ 80,300 $ 10,100 Activity Cost Fools Machining Order…
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COTB MC Qu. 10-69 (Algo) Assume the following information appears in... Assume the following information appears in the standard cost card for a company that makes only one product: Standard Quantity or Hours Standard Price or Rate 5 pounds $11.00 per pound 2 hours $17.00 per hour 2 hours. $ 3.00 per hour Direct materials Direct labor Variable manufacturing overhead During the most recent period, the following additional information was available: 20,800 pounds of material was purchased at a cost of $10.50 per pound. . All of the material that was purchased was used to produce 3,900 units. . • 8,000 direct labor-hours were recorded at a total cost of $132,000. . What is the direct materials price variance? Multiple Choice $10,400 F $9,750 F $9,750 U $10,400 U Standard Cost $ 55.00 $ 34.00 $ 6.00
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