labor cost $12,000 and Direct labor is 30% of prime cost. Manufacture costs were 86000, the manufacturing overhead =? why is it $46,000
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labor cost $12,000 and Direct labor is 30% of prime cost.
why is it $46,000
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Solved in 2 steps
- If direct materials are $8 per unit, direct labor is $4 per unit, variable manufacturing overhead is $6 per unit, and fixed costs are $12,000 for 6,000 units produced, then the total cost per unit under throughput costing isMadison Industries has equivalent units of 4,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are S120,000. How much is the conversion cost per unit? $40.00 $4.00 $10.00 $8.00Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Direct materials Direct labor Supplies Utilities Depreciation Insurance Fixed Cost per Month $ 42,100 $ 1,200 $ 14,600 $ 11,400 For example, utilities should be $1,200 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine- hours in June. Note that the company's direct labor is a fixed cost. Direct materials Direct labor Cost per Machine- Hour $ 5.50 Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0.30 $ 0.25
- Given the following information, compute the total number of units for the period: Direct Labor Hours: 12000 Direct Labor Cost: $2.70 per hour Direct Material Cost: $75 per unit Total Manufacturing Cost: $132,600 Fixed OH Cost: $36000 Variable OH Cost: 50% Total Labor CostThe TOYO Manufacturing Company has the following financial information Manufacturing overhead = 300,800 Increase in direct materials = 130,000 Increase in work in process = 90,000 Decrease in finished goods = 320, 400 Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing. How much is the costs of direct materials purchased?Boarders estimates overhead will utilize 160,000 machine hours and cost P80,000. It takes 4 machine hours per unit, direct material cost of P5 per unit, and direct labor of P5 per unit. What is the cost of each unit produced?
- Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average cost per unit are as follows: Average Cost Per Unit $7.00 $4.00 $1.50 $5.00 $3.50 $2.50 $1.00 $0.50 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales Commission Variable administrative expense A) If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? B) If 18,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sod? C) If 18,000 units are produced, what are the fixed manufacturing cost per unit produced? D) If 18,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? E) What is the total manufacturing cost (product cost) of producing 18,000 units?Obi Wan Pierogi, Inc. has prepared the following estimates for the coming year:Estimated Direct Labor Hours: 80, 000 hoursEstimated Direct Labor Costs: $1,000,000Estimated Machine Hours: 60,000 hoursEstimated Manufacturing Overhead Costs: $600, 000Overhead is applied using machine hours. If Job #123 uses 9, 500 machine hours, how much total overhead will be applied to it ?$60,000 $10.00 $600,000 $95,000A company expected its annual overhead costs to be $1600000 and direct labor costs to be $1000000. Actual overhead was $1550000, and actual labor costs totaled $1100000. How much is the company’s predetermined overhead rate to the nearest cent? $1.45 $1.41 $1.60 $1.55
- Jones Company has the following information: Total estimated manufacturing $200,000 overhead costs Total estimated direct labor costs 800,000 Actual direct labor costs 50,000 Actual manufacturing overhead 210,000 costs What is the predetermined overhead allocation rate based on direct labor costs as a single plantwide rate?The costs to produce 25,000 units at 70% capacity are: Direct materials P 46,000 Direct labor 55,000 Factory overhead, all fixed 29,000 Selling expense (35% variable, 65% fixed) 50,000 What unit price would the company have to charge to make P2,250 on a sale of 1,500 additional units that would be shipped out of the normal market area?The cost of direct labor was 58000. The charging rate of the CBS was 25% of the cost of direct labour. how much is the CBS?