Compute standard direct labor rate per hour Labor data for making one gallon of finished product in Tate Manufacturing are as follows:(1) Price Components per Hour:Hourly Rate $14.50=•Payroll Taxes $0.90.Fringe Benefits = $1.30(2) Labor Quantity Components per Gallon:• Actual Production Time = 1.2 hours•Rest Periods and Cleanup = 0.20 hoursSetup Downtime = 0.10 hoursCompute the following:a) Standard Direct Labor Rate Per Hour.b) Standard Direct Labor Hours Per Gallon.c) Standard Labor Cost Per Gallon.

a) Standard Direct Labor Rate Per HourThe standard direct labor rate per hour is the total cost per…

Answered: Labor data for making one gallon of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PB: The following product costs are available for Kellee Company on the production of eyeglass frames:...

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The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?
Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor cost
Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?
Rex Industries has two products. They manufactured 12,539 units of product A and 8.254 units of product B. The data are: What is the activity rate for each cost pool?
If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of capacity the next month, will a different cost per unit be charged to the work-in-process account each month for factory overhead assuming that a predetermined annual overhead rate is used?
Labor data for making one gallon of the finished product in Nien Company are as follows: 1. Price-hourly wage rate $13.80, payroll taxes $0.80, and fringe benefits $1.50. 2. Quantity-actual production time 1.1 hours, rest periods and clean up 0.30 hours, and set up and downtime 0.40 hours. Compute the following. a. Standard direct labor rate per hour. b. Standard direct labor hours per gallon. Standard labor cost per gallon.
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Labor data for making one pound of finished product in Khalil Co. are as follows: (1) Price-hourly wage rate $11.00, payroll taxes $1.95, and fringe benefits $1.25. (2) Quantity-actual production time 1.25 hours, rest periods and clean up 0.25 hours, and setup and downtime 0.15 hours. Instructions Compute the following. (a) Standard direct labor rate per hour. (b) Standard direct labor hours per pound. (c) Standard cost per pound.

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