I want to correct answer general accounting question Labor data for making one unit of product in Zen Manufacturing are asfollows:1. Price components:。 Base hourly wage: $15.20o Payroll taxes: $1.20о。 Fringe benefits: $2.002. Time components:。 Actual production time: 0.9 hoursо。 Rest periods and cleanup: 0.25 hours。 Setup and downtime: 0.35 hoursCalculate:a. Standard direct labor rate per hourb. Standard direct labor hours per unitc. Standard labor cost per unit

Explanation for a: Standard direct labor rate per hour will be calculated as = Base hourly wage +…

Answered: Labor data for making one unit 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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Subject - General Account
General Account
Compute standard direct labor rate per hour
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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.
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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HH Electric reports the following information. Direct labor rate Non-materials-related overhead Materials-related overhead Target profit margin (on both conversion and direct materials) a. Compute the time charge per hour of direct labor. b. Compute the materials markup percentage. c. What price should the company quote for a job requiring four direct labor hours and $600 in materials? a. Time charge per hour of direct labor b. Materials markup c. Time and materials price $ 45 per DLH $ 25 per DLH 5% of direct materials cost 20% %
What is the total standard cost for one unit of product that would appear on a standard cost card for this general accounting question?
Given the following information, determine the product cost of one unit: Direct Materials = $60; Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit. a. $70 per unit b. $80 per unit c. $78 per unit d. $85 per unit Contribution margin is sales less: a. Fixed overhead and fixed selling and administrative expenses b. Variable Cost of goods sold and variable selling & administrative expenses c. Variable selling and administrative expemses and Fixed selling and administrative expenses d. variable cost of goods sold An investment generates an operating income of $100,000, and the average operating assets are $400,000. What is the return on the investment? a. 100% b. 75% c. 25% d. 20%
The standard labor rate is $8 per hour. Standard labor allowed per unit is 0.6 hours. The actual cost per labor hour is $7.5 and the actual labor hour per unit is 0.7 hours. What is the standard labor cost per output unit? a. $4.8 b. $5.6 c. $4.5 d. $5.25

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