In Apollo Manufacturing, for the year 2023, what is the cost of goods manufactured if the beginning work in process was $40,000, ending work in process was $35,000, raw materials used were $75,000, direct labor was $55,000, manufacturing overhead was $25,000, and administrative expenses were $10,000? Strict Warning: Don't use Al

In Apollo Manufacturing, for the year 2023, what is the cost of goods manufactured if the beginning work in process was $40,000, ending work in process was $35,000, raw materials used were $75,000, direct labor was $55,000, manufacturing overhead was $25,000, and administrative expenses were $10,000? Strict Warning: Don't use Al

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter5: Activity-based Costing And Management

Section: Chapter Questions

Problem 16MCQ: Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000...

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Suppose that a company is spending 60,000 per year for inspecting, 30,000 for purchasing, and 40,000 for reworking products. A good estimate of nonvalue-added costs would be a. 70,000. b. 130,000. c. 40,000. d. 90,000. e. 100,000.
A company is spending 70,000 per year for inspecting, 60,000 per year for purchasing, and 56,000 per year for reworking products. What is a good estimate of non-value-added costs? a. 126,000 b. 70,000 c. 56,000 d. 130,000
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H6. Broduer Aquatics manufactures swimming pool equipment. Broduer estimates total manufacturing overhead costs next year to be $2,500,000 The company also estimates it will use 50,000 direct labour hours and incur $1,000,000 of direct labour cost next year. In addition, the machines are expected to be run for 30,000 hours. Compute the predetermined manufacturing overhead rate for next year under the following independent situations: 1. Assume that Brodeur uses direct labour hours as its manufacturing overhead allocation base. 2. Assume that Brodeur suses direct labour cost as its manufacturing overhead allocation base. 3. Assume that Brodeur uses machine hours as its manufacturing allocation base
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New Firm, Inc. is a manufacturer of various plastic items. The firm applies OH on the basis of machine hours. The rate for the year 2020 was $5.89 per machine hour. What does the rate mean? Why does the firm use a rate instead of simply computing OH per unit in the same way it computes direct materials and direct labour per unit?
InteliSystems needs 79,000 optical switches next year . By outsourcing them, InteliSystems can use its idle facilities to manufacture another product that will contribute $140,000 to operating income, but none of the fixed costs will be avoidable. Should InteliSystems make or buy the switches? Show your analysis based on the information in the table below for making 70,000 switches.