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- Assume you were hired as a Production Engineer in a global Bearing Manufacturer company and given the following inputs: Equipment Maintenance Cost per Month Utilities Cost per Month Material Cost per Unit Labor Cost per Unit Selling Price per Unit S60,000.00 $12.000.00 $12.00 $3.00 $24.00 Calculate Total Fixed Cost per Month Calculate Total Variable Cost per Unit = Calculate number of Units to be sold to reach Break-Even Point = Calculate number of Units that must be sold to eam profit of $90,000.00Lightview produces and sells overhead projectors to schools and colleges. Each overhead projector uses $30 of materials and requires 3 hours of labor at $10 per hour. Each overhead projector sells for $84.87. Lightview has fixed overheads of $264605. What is Lightview's break-even point in sales units?A manufacturing plant has a short-run cost function of C(q) = 100q – 4q2 + 0.2q3 + 450. %3D (a) What is the firm's short-run fixed cost and variable cost function? (b) Calculate MC, AVC, AFC, and AC ECONSLI
- Factory Overhead Cost Varances The fallowing data relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $198,600 Fed factory overhead 63,250 Standard: 7,000 hrs. at $35 245,000 productive capacity of 100 was 11.000 hours and the total factory everhead cost budgeted at the level of 7,000 standard hours was $268,000, determine the variable factory overhead controllable varance, fed factory overhead volume variance, and total factory overhead cost varance. The fised factory overthead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and an enfavorable variance as a positive number Variance Amount Favorable/Unfavorable Variable factory overhead controllable varance Fixed factory overhead volume variance Total factory averhead cost varianceHow do the Modified Accelerated Cost Recovery System (MACRS) givetaxpayers a break?Kilt Company had the following information for the year: Direct materials used= $110,000 Direct labor incurred (5,000 hours) = $150,000 Actual manufacturing overhead incurred= $166,000 Kilt Company used a predetermined overhead rate of $42 per direct labor hour for the year and estimated that direct labor hours would total 5,500 hours. Assume the only inventory balance is an ending Work in Process balance of $17,000. How much overhead was applied during the year? A. $231,000 B. $150,000 C. $166,000 D $210.000
- Which of the following costs would not be included as part of manufacturing overhead? (A) supplies for the office workers (B) Insurance on production equipment (C) Depreciation of product equipment (D) Direct labor costsParadise Pottery had the following costs in May when production is 800 ceramic pots: materials, $8,700; labor (variable), $2,900; depreciation, $1,100; rent, $900; and other fixed costs, $1,500. If production changes to 900 units, how much will the total variable costs and total fixed costs be, respectively?Milan Company has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year: Cost Pool Overhead Costs Cost driver Activity level Supervision of direct labor S624,000 Direct labor-hours 940,000 Machine maintenance $100,000 Machine-hours 840,000 Facility rent S216,000 Square feet of area 140,000 Total overhead costs S940,000 The accounting records show the Mossman Job consumed the following resources: Cost driver Actual level Direct labor-hours 290 Machine-hours 1,681.68 Square feet of area 50 Under activity-based costing, what is the amount of machine maintenance costs allocated to the Mossman Job? (Do not round any intermediary calculations.) Select one: a. $1881.88 b. $200.20 c $1,681.68 d. $210.45
- Sawyer Company had the following information for the year: Direct materials used $190,000 Direct labor incurred (7,000 hours) $245,000 Actual manufacturing overhead incurred $273,000 Sawyer Company used a predetermined overhead rate using estimated overhead of $320,000 and 8,000 estimated direct labor hours. Assume the only inventory balance is an ending Finished Goods balance of $9,000. How much overhead was applied during the year? A. $245,000 B. $273,000 C. $280,000 D. $320,000Water Works Plumbing Company is a small owner-managed plumbing services company that serves the greater Miami metropolitan area. Identify each of the following costs as either a variable, a fixed, or a quasi-fixed cost and give a detailed explanation. e) Monthly lease payment for a drain-line auger, which contractually binds WW Plumbing to pay $75 per month for the next 12 months, regardless of how much or how little the company uses the leased piece of plumbing equipment. Subleasing is prohibited and there will be no refund if the machine is returned before the 12 month period expires.Economics In one company it was calculated that producing 20 units 7 years ago would cost the company $11,000 Estimate the cost of producing 29 units today if the x exponent factor in the formula of cost capacity equation is 0.16 and the index 7 years was 140 and updated to 170 today.Solve with clear steps.