Medical Tape makes two products: Generic and Label. It estimates it will produce 404,444 units of Generic and 656,000 of Label, and the overhead for each of its cost pools is as follows: Estimated Cost Pool Overhead Material Receipts $126,000 Machine Setups 325,000 Assembly 585,000 Inspection 330,000 Total $1,366,000 It has also estimated the activities for each cost driver as follows: Driver Generic Label Inspections 450 650 Requisitions 400 1,000 Parts 250 400 Setups 300 350 How much is the overhead allocated to each unit of Generic and Label? Do not round intermediate computations and round your answers to two decimal place Generic Label Cost per unit $

Medical Tape makes two products: Generic and Label. It estimates it will produce 404,444 units of Generic and 656,000 of Label, and the overhead for each of its cost pools is as follows: Estimated Cost Pool Overhead Material Receipts $126,000 Machine Setups 325,000 Assembly 585,000 Inspection 330,000 Total $1,366,000 It has also estimated the activities for each cost driver as follows: Driver Generic Label Inspections 450 650 Requisitions 400 1,000 Parts 250 400 Setups 300 350 How much is the overhead allocated to each unit of Generic and Label? Do not round intermediate computations and round your answers to two decimal place Generic Label Cost per unit $

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin is $25 per unit and $40 is used in direct labor, while the direct material for the double is $45 per unit, and the labor cost is $50 per unit. Box Springs estimates it will make 5,000 twins and 10,000 doubles in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: Activity Cost Estimated Use per Use per Pools Driver Overhead Twin Double Framing Square Feet of Pine $280,000 5,000 3,000 Padding Square Feet of Quilting 220,000 130,000 90,000 Filling Square Feet of Filling 225,000 500,000 250,000 Labeling Number of Boxes 230,000 750,000 400,000 Inspection Number of Inspections 187,000 13,000 4,000 How much does each unit cost to manufacture? Do not round intermediate computations but round final answers for the fields below to the nearest whole number. Total Cost per Unit Twin Double Direct Material Direct Labor Cost Overhead Total per Unit $
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Senen corporation has two service departments (maintenance and security) and two producing departments (assembly and finising). The following are the percentage usage of each department use of maintenance dept use of security dept Maintenance 5 % Security 10 % Assembly 60 % 40 % Finishing 30 % 55 % The maintenance department cost is 900,000 and security department cost is 500,000 Compute the service cost allocated to maintenance department using step method
Body-Solid Inc. manufactures elliptical exercise machines and treadmills. The products are prouced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: Activity Activity Rate Fabrication $25 per machine hour Assembly $12 per direct labor hour Setup $52 per setup Inspecting $25 per inspection Production scheduling $13 per production order Purchasing $10 per purchase order The activity - base usage quantities and units produced for each product were as follows: Activity Base Elliptical Machines Treadmill Machine hours 1,845 1,089 Direct labor hours 472 184 Setups 58 18 Inspections 630 378 Production orders 63 13 Purchase orders 181 110 Units produced 272 182 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the…
[The following information applies to the questions displayed below.] Benton Corporation manufactures computer microphones, which come in two models: Standard and Premium. Data for a representative quarter for the two models follow: Units produced Production runs per quarter Direct materials cost per unit Direct labor cost per unit Supervision Setup labor Incoming inspection Total overhead Manufacturing overhead in the plant has three main functions: supervision, setup labor, and incoming material inspection. Data on manufacturing overhead for a representative quarter follow: Standard 10,400 50 $ 30 50 $ 214,500 249,600 179,400 $ 643,500 a. Overhead rate b. Supervision b. Setup labor b. Incoming inspection Premium 2,600 25 $ 64 75 Required: a. Benton currently applies overhead on the basis of direct labor cost. What is the predetermined overhead rate for the quarter? b. The CFO and the plant controller at Benton are thinking of adopting an ABC system. They have tentatively chosen the…
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Tri-Bikes manufactures two different levels of bicycles - the Standard and the Extreme. The total overhead of $300,000 has traditionally been allocated by direct labor hours, with 150,000 hours for the Standard and 50,000 hours for the Extreme. After analyzing and assigning costs to two cost pools, it was determined that machine hours is estimated to have $180,000 of overhead, with 4,000 hours used on the Standard product and 1,000 hours used on the Extreme product. It was also estimated that the setup cost pool would have $120,000 of overhead, with 1,000 hours for the Standard and 1,500 hours for the Extreme. PLEASE NOTE: Predetermined overhead rates will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). The rates will include their proper label according to the textbook examples (no abbreviations). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). What is the overhead cost per product,…
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