Grewett Publishers Inc. budgeted a production of 63,000 diaries in 2016. Each diary requires assembly. Assume that four minutes are required to assemble each diary. If assembly labor costs $14 per hour, determine the direct labor cost budget for 2016.
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- Parsons Company is planning to produce 2,100 units of product in 2017. Each unit requires 2.20 pounds of materials at $6.20 per pound and a half-hour of labor at $12.00 per hour. The overhead rate is 40 % of direct labor. (a) Compute the budgeted amounts for 2017 for direct materials to be used, direct labor, and applied overhead. (b) Compute the standard cost of one unit of product.Tina Company uses the following formula for annual overhead: $360,000 + $1.20 for each machine hour used. For the upcoming month, Tina plans to manufacture 6,000 units. Each unit requires 2 machine hours. Tina's budgeted overhead for the month is _. Help me tutorTina Company uses the following formula for annual overhead: $360,000 + $1.20 for each machine hour used. For the upcoming month, Tina plans to manufacture 6,000 units. Each unit requires 2 machine hours. Tina's budgeted overhead for the month is _.
- Tina Company uses the following formula for annual overhead: $360,000 + $1.20 for each machine hour used. For the upcoming month, Tina plans to manufacture 6,000 units. Each unit requires 2 machine hours. Tina's budgeted overhead for the month is _. Help me tutor give me answer of this accounting questionScotch Brand Products produces packaging tape and has determined the following to be its standard cost of producing one case of budget packaging tape: Material (3.50 ounces at $1.30 per ounce) $4.55 Labor (0.30 hour at $12.00 per hour) 3.60 Overhead 2.40 Total $10.55 At the start of 2021, Scotch Brand planned to produce 80,000 cases of tape during the year. Overhead is allocated based on the number of cases of tape produced. Annual fixed overhead is budgeted at $64,000 and the variable overhead costs are budgeted at $1.60 per case. The following information summarizes the results for 2021: Actual production, 81,000 cases Purchased 275,000 ounces of material at a total cost of $343,750 Used 266,250 ounces of material in production Employees worked 22,000 hours, total labor cost $275,000 Actual overhead incurred,…Scotch Brand Products produces packaging tape and has determined the following to be its standard cost of producing one case of budget packaging tape: Material (3.50 ounces at $1.30 per ounce) $4.55 Labor (0.30 hour at $12.00 per hour) 3.60 Overhead 2.70 Total $10.85 At the start of 2021, Scotch Brand planned to produce 20,000 cases of tape during the year. Overhead is allocated based on the number of cases of tape produced. Annual fixed overhead is budgeted at $18,000 and the variable overhead costs are budgeted at $1.80 per case. The following information summarizes the results for 2021: Actual production, 21,000 cases Purchased 275,000 ounces of material at a total cost of $343,750 Used 266,250 ounces of material in production Employees worked 22,000 hours, total labor cost $275,000 Actual overhead incurred,…
- Ans the followingTina Company uses the following formula for annual overhead: $360,000 + $1.20 for each machine hour used. For the upcoming month, Tina plans to manufacture 6,000 units. Each unit requires 2 machine hours. Tina's budgeted overhead for the month is _. No AI ANSWERNext month, Stein expects to use 400 machine hours, have 80 employees, and ship 9,000 units. Estimate the total operating cost for the month.
- Sanjana Company makes watches. For 2017, the company expected fixed overhead costs of $648,000. Sanjana uses direct labor-hours to allocate fixed overhead and anticipates 21,600 hours during the year for an expected output of 540,000 units. An equal number of units are budgeted for each month. During October, 48,000 watches were produced and $52,000 was spent on fixed overhead. Calculate the following: a. the fixed overhead rate for 2017; b. the fixed overhead spending variance for October; and c. the production-volume variance for October.Tina's budgeted overhead for the month is?Shalom Company prepared its 2023 manufacturing overhead budget to produce Product Peace. Variable overhead costs per direct labor hour are Indirect materials, P3; Indirect labor, P15; Maintenance, P2. Fixed costs totaled P68,000 composed of Supervisor's salaries, P36,000; Depreciation, P20,000; Maintenance, P12,000. Producing each unit requires 2 direct labor hours. Shalom Company estimates that units to be produced for each quarter are 3,000, 3,600, 4,000, and 6,000, respectively. Amounts must be in whole numbers. Example: 88,000 or (88,000) How much is the total manufacturing overhead budget? Cash payments in quarter 3