D< >ezto.mheducation.comWeek 5- Homework #3 GSavedHelpSave & ExCheMason Company has two manufacturing departments-Machining and Assembly. The company considers all of its manufacturingoverhead costs to be fixed costs. It provided the following estimates at the beginning of the year as well as the following informationwith respect to Jobs A and B:Estimated DataManufacturing overheadDirect labor hoursMachine hourspointsMachining$ 500,00010,00050,000Assembly$ 100,00050,0005,000Total$ 600,00060,00055,000SkippedeBookJob ADirect labor hoursMachining Assembly102Total15PrintMachine hours1113ReferencesJob BDirect labor hoursMachine hoursMachining AssemblyTotal9.4123.15Required:1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how muchmanufacturing overhead cost would be applied to Job A? Job B?2. Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based onmachine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost wouldbe applied to Job A? Job B?1. Manufacturing overhead applied Job AManufacturing overhead applied Job B2. Manufacturing overhead applied Job AMcGrawHill< Prev4 of 5Next >四田自2囚阿ERESEP19étv SavedWeek 5- Homework #3 iHelpSave &Machine hours50,0005,00055,000Job ADirect labor hoursMachine hoursTotalMachining Assembly1015131011pointsSkippedJob BDirect labor hoursMachine hoursMachining Assembly Total9.4.1215eBookRequired:1. If Mason Company uses a plantwide predetermined overhead rate with direct labor-hours as the allocation base, how muchmanufacturing overhead cost would be applied to Job A? Job B?2. Assume that Mason Company uses departmental predetermined overhead rates. The Machining Department is allocated based onmachine-hours and the Assembly Department is allocated based on direct labor-hours. How much manufacturing overhead cost wouldbe applied to Job A? Job B?PrintReferences1. Manufacturing overhead applied Job AManufacturing overhead applied Job B2. Manufacturing overhead applied Job AManufacturing overhead applied Job BMcGrawHill< Prev4 of 5Next >SEP19JEPétv3....

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A manufacturer of aerospace products purchased three flexible assembly cells for $600,000 each. Delivery and insurance charges were $40,000, and installation of the cells cost another $60,000.the cost basis of the three cells is Select one: a. $1,500,000 b. $600,000 c. $1,900,000 d. $169,670
5.
TOTAL AND MARGINAL PRODUCT Total Product [Output] 70 60 50 40 30 20 10 0 Marginal Product 20 10 0 -10 -20 1 Labor Input 1 2 2 2 3 3 4 5 5 6 6 7 7 8 Labor Input 8 Reset Labor Input 8 EEPRODUCTIVITY CALCULATIONS Labor Input 0 Output 0 Marginal Product structions: Move the slider at the bottom of the diagram to change the quantity of labor hired for both graphs and the table. ) What is the marginal product of the third worker? ) What is the marginal product of the fifth worker? c) If units of output are sold for $0.80 each, how much revenue does the firm gain by selling the additional units attributed to the 3rd worker? $ How much revenue does the firm gain by selling the additional output from the fifth worker? $
Three production processes - A, B, and C - have the following cost structure: the selling price is 5.26 per unit Process Fixed Cost per Year Variable Cost per Unit A 119164 2.54 B 80631 4.52 C 70617 5.27 1. What is the cost of process A for a volume of 7104 units? (round to the nearest cent).
Assume a firm has fixed costs of $80 and variable costs as indicated in the table below. Complete the cost table. Total variable Total product Total cost AFC ATC MC SO $ 80 1 110 190 2 150 230 180 * 220 300 270 350 340 440 520 660 」二|||| JI|||||
16. The following figures relate to one year work in a manufacturing business : Fixed overheads Variable overheads Direct wages Direct materials Sales 12,000 20,000 15,000 41,000 1,00,000 Represent each of the above figures on a break-even-chart, and determine from the chart the break-even point. [Ans. 50,000]
Marginal Variable Fixed Labor Output Product Cost Cost $0 $5 -- 1 100 100 $5 $5 250 $10 $5 3 350 $15 $5 4 50 $20 $5 5 25 $25 $5 6 430 $30 $5 What is the average variable cost of producing 400 units of output?
please computation for the following production function. found in table 13 show computation for each row.
computer system. The last run of the production cost schedule resulted in the incomplete listing shown below (listed as question numbers). From your knowledge of cost theory, solve for the values in the table to the corresponding questions below. During the last few days the Superior Company has been running into problems with its ATC AFC - MC TC TFC TVC 75 75 A 75 100 75 В 1 75 37.5 15 TC total costs, TFC = total fixed costs, TVC = total variable costs, ATC = average total costs, %3D %3D AFC = average fixed costs, AVC = average variable costs, MC = marginal costs What is the correct numerical value for C in the table? 100 37.5 O 57.5 O 20
A firm had sales revenue of $ 1million last year.It spent $600, 000 onlabor,$150,000 on capital and $200,000on materials. What was the firm’s accounting profit?
workers ouput marginal product total cost average total cost marginal cost 0 0 0 200 0 $0 1 20 20 300 $15 $5 2 50 30 400 $8 $3.33 3 90 40 500 $5.56 $2.50 4 120 30 600 $5 $3.33 5 140 20 700 $5 $5 6 150 10 800 $5.33 $10 7 155 5 900 $5.8 $20 can you explain diminishing marginal product based on these numbers?
8 The cost of lumber per million board feet (MBF) in January 2007 was $464.49 when the value of the ENR materials cost index (MCI) was 2583.52. If the cost of lumber increased in proportion to the MCI, what was the value of the index when the cost of lumber was $400 per MBF?

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