Clothing Company has two service departments-purchasing and maintenance, and two production departments-fabrication and assembly. Thedistribution of each service department's efforts to the other departments is shown below:FROMPurchasingMaintenancePurchasingPurchasingMaintenanceFabrication.AssemblyTOexMaintenance:55%0%Fabrication30%50%The direct operating costs of the departments (including both variable and fixed costs) were as follows:$ 126,00048,000102,00078,000Assembly15%15%The total cost accumulated in the fabrication department using the direct method is (calculate all ratios and percentages to 4 decimal places, for example33,3333%, and round all dollar amounts to the nearest whole dollar): Multiple Choice$70,615$131,077$180,300$222.923$271,558

Name: Clothing Company has two service departments-purchasing and maintenan
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Clothing Company has two service departments-purchasing and maintenance, and two production departments-fabrication and assembly. Thedistribution of each service department's efforts to the other departments is shown below:FROMPurchasingMaintenanceP

Direct Method:Costs incurred in the service departments are transferred to the respective production…

Business

Accounting

he total cost accumulated in the fabrication department using the direct method is (calculate all ratios and percentages to 4 decimal places, for example 3.3333%, and round all dollar amounts to the nearest whole dollar)

he total cost accumulated in the fabrication department using the direct method is (calculate all ratios and percentages to 4 decimal places, for example 3.3333%, and round all dollar amounts to the nearest whole dollar)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Curiumber Enterprises is considering manufacturing a new product. It projects the cost of direct materials and rent for a range or output as follows. Output in Units 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Rent Cost 11.000 $5,290 5,290 8,464 8,464 8,464 8,464. 8,464 8.464 10.580 10,000 10,580 10.580 Direct Materials $4,200 7,200 7,200 9,600. 12,000 14,400 16.800 19,200 30.999 37,030 46.552
Compute the activity rate for each activity cost pool. (Round your answers to 2 decimal places.)
A company estimated 106,336 direct labor hours and $837,211 in overhead. The actual overhead was $676,707, and there were 140,243 direct labor hours. What is the total applied overhead? Round to the nearest penny, two decimal places.
Multiple versus Single Kates, Activity Deoro Company has identified the following overhead activities, costs, and activity drivers for the coming year: Activity Expected Cost Activity Driver Activity Capacity Setting up equipment $490,440 Number of setups 610 Ordering costs 313,500 Number of orders Machine costs 917,700 Machine hours Receiving 382,200 Receiving hours Deoro produces two models of dishwashers with the following expected prime costs and activity demands: Model A Model B $610,000 451,000 15,500 6,400 360 Direct materials Direct labor Units completed Direct labor hours Number of setups Number of orders Machine hours Receiving hours 5,400 24,900 2,700 $766,000 499,000 7,000 2,300 250 11,100 18,800 7,100 16,500 43,700 9,800
At the end of the first year, the XYZ Team had incurred $550,000 of cost, with the total estimated cost of $1,050,000. Their total estimated revenue is $1,200,000. If the percentage of completion by labor hours expended is 60.8%, calculate the revenue to date for the labor hours expended method, using Alternative A.
In Mordica Company, total materials costs are $ 33,000, and total conversion costs are $ 54,000. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ enter a dollar amount rounded to 2 decimal places Conversion cost per unit $ enter a dollar amount rounded to 2 decimal places Compute total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Total manufacturing cost per unit $ enter the Total manufacturing cost per unit in dollars rounded to 2 decimal places
Bramble's standard quantities for 1 unit of product include 3 pounds of materials and 1.0 labor hours. The standard rates are $3 per pound and $5 per hour. The standard overhead rate is $10 per direct labor hour. The total standard cost per unit of Bramble's product is O $24.00. O $18.00. O $15.00. O $14.00.
Rose Company has a relevant range of production between 10,000 and 25,000 units. The following cost data represents average cost per unit for 15,000 units of production. Average Cost per Unit $12 Direct materials Direct labor 10 Indirect materials Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable sales commissions 4 3 8 25 Using the cost data from Rose Company, answer the following questions: 1. If 10,000 units are produced, what is the variable cost per unit? 2. If 18,000 units are produced, what is the variable cost per unit? 3. If 21,000 units are produced, what are the total variable costs? 4. If 11,000 units are produced, what are the total variable costs?
Deidoro Company has provided the following data for maintenance cost: Machine hours Maintenance cost Multiple Choice Maintenance cost is a mixed cost with variable and fixed components. The fixed and variable components of maintenance cost are closest to: (Round your intermediate calculations to 2 decimal places.) O O Prior Year 17,100 20,100 $ 29,400 $ 34,200 $29,400 per year; $1.701 per machine hour Current Year $2,040 per year; $1.701 per machine hour $2,040 per year; $1.600 per machine hour $29,400 per year; $1.600 per machine hour
Menk Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.80 Direct labor $ 3.80 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 20,200 Sales commissions $ 0.50 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 10,100 Required: a. If 5,220 units are sold, what is the variable cost per unit sold? Note: Round "Per unit" answer to 2 decimal places. b. If 5,220 units are sold, what is the total amount of variable costs related to the units sold? c. If 5,220 units are produced, what is the total amount of manufacturing overhead cost incurred? a. Variable cost per unit sold b. Total variable costs c. Total manufacturing overhead cost
Acme Inc. has the following information available: Actual price paid for material $1.00 Standard price for material $0.90 Actual quantity purchased and used in production 100 Standard quantity for units produced 110 Actual labor rate per hour $15 Standard labor rate per hour $14 Actual hours 200 Standard hours for units produced 220 NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). For the variance conditions, your answer is either "F" (for Favorable) or "U" (for Unfavorable) - capital letter and no quotes. Complete the following table of variances and their conditions: Variance Variance Amount Favorable (F) or Unfavorable (U) D Material Price Material Quantity Total DM Cost Variance Labor Rate Labor Efficiency Total DL Cost Variance
Sandhill Building Supplies' total materials costs are $37,200 and total conversion costs are $39,000. Equivalent units of production for materials are 12,000, and 6,000 for conversion costs. Compute the unit costs for materials, conversion costs, and total manufacturing costs for the month. (Round answers to 2 decimal places, e.g. 15.25.) Unit costs Materials $ Conversion Costs $ Total