Magnum manufactures two types of kayaks: Basic and Deluxe. The activity-based usage quantity for each project by activity is as follows: Activity Basic Fabrication Assembly Setup 2,000 dlh 8,000 dlh 5 setups Deluxe 10,000 dlh 24,000 dlh 15 setups Total activity-base usage 12,000 dlh 32,000 dlh 20 setups Each product is budgeted for 2,500 units of production for the year. What is the activity-based factory overhead per unit for the Deluxe kayak? a. $154.54 b. $100.00 c. $88.80 d. $158.20
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- The total factory overhead for Magnum Corporation is budgeted for the year at $500,000. This is divided into three activity pools: fabrication, $246,000; assembly, $144,000, and setup, $110,000. Magnum manufactures two types of kayaks: Basic and Deluxe. The activity-based usage quantities for each project by activity are as follows: Fabrication Assembly Setup Basic 2,000 dlh 8,000 dlh 5 setups Deluxe 10,000 dlh 24,000 dlh 15 setups Total activity-base usage 12,000 dlh 32,000 dlh 20 setups Each product is budgeted for 2,500 units of production for the year.What is the activity-based factory overhead per unit for the Deluxe kayak? a.$41.80 b.$158.20 c.$100.00 d.$154.54a product cell for wallace company has budgeted conversion costs of $420,000 for the year. the cell is planned to be available 2,100 hours for production. each unit requires $12.50 of materials cost. the cell started and completed 700 units. the cell process time for the product is 15 minutes per unit. what is the cost(s) to be debited to finished goods for the period?Chimwendo manufactures three components, A, A and T using the same machine for each. The budget for the next year calls for the production and assembly of 4 00 of each component. The variable cost per unit of the final product is as follows: Machine hours Variable cost ($) 1 Unit of S 3 20 1 Unit of A 2 36 1 Unit of T 4 24 Assembly 20 100 Only 24 000 hours of machine time will be available during the year and a sub-contractor has quoted the following unit prices for supplying components. S = $29 A = $40 T= $34 Required 2/4 11/29/21, 12:07 PM • Calculate which components Chimwendo should manufacture and which should be supplied by the sub- contractor and the total cost components in that choice • Advise the management of Chimwendo of your decision.
- pharoah company expects to produce 1,207,200 units of product xxin 2022. montly production is expected to range from 76,000 to 118,000 units. budgeted variable manufactoring cost per unit are direct materials $3, direct labour $7, and overhead$10,. budgetd fixed manufactoring cost per unit for depreciation are $4 and for supervision are $1. prepare a fexible manufactoring budget for the relevant range value using 21,000 units incrementsCondoleezza Co. manufactures two products, A and B, in two production departments, Assembly and Finishing. Condoleezza Co, expects to produce 10,000 units of Product A and 20,000 units of Product B in the coming year. Budgeted factory overhead costs for the coming year are: Assembly $310,000 Finishing 240,000 Total $550,000 The machine hours expected to be used in the coming year are as follows: Assembly Finishing Department Department Product A 15,100 9,000 Product B 4,900 11,000 Total 20,000 20,000 Round your answers to two decimal places, if necessary. a. Compute the plantwide factory overhead rate, assuming the single plantwide factory overhead rate method is used. per mh b. Compute the production department factory overhead rates, assuming the multiple production department factory overhead rate method is used. Assembly Dept. per mh Finishing Dept. per mhScotch Brand Products produces packaging tape and has determined the following to be its standard cost of producing one case of budget packaging tape: Material (3.50 ounces at $1.30 per ounce) $4.55 Labor (0.30 hour at $12.00 per hour) 3.60 Overhead 2.70 Total $10.85 At the start of 2021, Scotch Brand planned to produce 20,000 cases of tape during the year. Overhead is allocated based on the number of cases of tape produced. Annual fixed overhead is budgeted at $18,000 and the variable overhead costs are budgeted at $1.80 per case. The following information summarizes the results for 2021: Actual production, 21,000 cases Purchased 275,000 ounces of material at a total cost of $343,750 Used 266,250 ounces of material in production Employees worked 22,000 hours, total labor cost $275,000 Actual overhead incurred,…
- Scotch Brand Products produces packaging tape and has determined the following to be its standard cost of producing one case of budget packaging tape: Material (3.50 ounces at $1.30 per ounce) $4.55 Labor (0.30 hour at $12.00 per hour) 3.60 Overhead 2.40 Total $10.55 At the start of 2021, Scotch Brand planned to produce 80,000 cases of tape during the year. Overhead is allocated based on the number of cases of tape produced. Annual fixed overhead is budgeted at $64,000 and the variable overhead costs are budgeted at $1.60 per case. The following information summarizes the results for 2021: Actual production, 81,000 cases Purchased 275,000 ounces of material at a total cost of $343,750 Used 266,250 ounces of material in production Employees worked 22,000 hours, total labor cost $275,000 Actual overhead incurred,…Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold through specialty golf shops. The company is in the process of developing itsoperating budget for the coming year. Selected data regarding the companys two products areas follows: Manufacturing overhead is applied to units using direct labor hours. Variable manufacturing overhead Ls projected to be 25,000, and fixed manufacturing overhead is expected to be15,000. The estimated cost to produce one unit of the laminated putter head is: a. 42. b. 46. c. 52. d. 62.Palladium Inc. produces a variety of household cleaning products. Palladium's controller has developed standard costs for the following four overhead items: Overhead Item Total Fixed Cost Variable Rate per Direct Labor Hour Maintenance $86,000 $0.20 Power $0.45 Indirect Labor $140,000 $2.10 Rent $35,000 Next year, Palladium expects production to require 88,000 direct labor hours. Prepare an overhead budget for the expected level of direct labor hours for the coming year.
- Riverbed's Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mixer. Anticipated annual volume is 1,120 sessions. The company has invested $2,304,960 in the studio and expects a return on investment (ROI) of 20%. Budgeted costs for the coming year are as follows. Direct materials (CDs, etc.) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses Per Session $20 $410 $45 $35 Total $1,064,000 $560,000The total factory overhead for Norton Company is budgeted for the year at $300,000, divided into three activities: assembly, $200,000; setup, $50,000; and materials handling, $150,000. Norton manufactures two products: Product A and Product B. The activity-based usage quantities for each product by each activity are estimated as follows: Product A Assembly 2,000 dih Setup 8,000 dlh Materials Handling 5 setups Product B 10,000 dlh 24,000 dlh 15 setups Total activity-base usage 12,000 dlh 32,000 dlh 20 setups What is the activity rate for the assembly activity? a. $16.67 b. $25.00 c. $15.00 d. $1.67The total factory overhead for Cypress Marine Company is budgeted for the year at $900,000, divided into four activities: fabrication, $240,000, assembly, $128,000, setup, $160,000, and inspection, $372,000. Cypress Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Item Fabrication Assembly Setup Inspection Speedboat 2,800 dlh 1,200 dlh 300 setups 1,100 inspections Bass boat 2,000 2,000 100 400 Total 4,800 dlh 3,200 dlh 400 setups 1,500 inspections Each product is budgeted for 400 units of production for the year. a. Determine the activity rates for each activity. Activities Amount Fabrication fill in the blank 1 of 4$ per dlh Assembly fill in the blank 2 of 4$ per dlh Setup fill in the blank 3 of 4$ per setup Inspection fill in the blank 4 of 4$ per inspection b. Determine the activity-based factory overhead per unit for each product.Speedboats fill in the…
