Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials P30, Direct Labor P15, Factory overhead P 20,000.00. Selling and administrative incurred P10,000.00. How much is the period cost per unit P 45.00 P 65.00 P 75.00 P 10.00
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- Milar Corporation makes a product with the following standard costs Standard Quantity Standard Price on or Hours 6.5 pounds Direct materials Direct labor Nariable overhead Rate. $ 6.00 per pound $25.00 per hour $11.50 per hour 0.8 hours 0.8 hours In January the company produced 3,360 units using 13.440 pounds of the direct material and 2.808 direct labor-hours, During the month, the company purchased 16,900 pounds of the direct material at a cost of $14,200. The actual direct labor cost was S69,795 and the actual Varlable overhead cost Was $30,940. The company applies variable overhead on the basis of direct iabor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor rate variance for January is Multiple Choice $405 F $405 U Windows Update S2.595U Countdown to goodnes... We're all set to do the restart you scheduled. Mc Graw Hill Prev 24 of 36 Nexflm Type here to search |耳 59 F Mostly cloudy 8:34 AM 10/21/2021 DELL F1 F2 F3 F4 F5 F6 F7…Menk Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.80 Direct labor $ 3.80 Variable manufacturing overhead $ 2.00 Fixed manufacturing overhead $ 20,200 Sales commissions $ 0.50 Variable administrative expense $ 0.40 Fixed selling and administrative expense $ 10,100 Required: a. If 5,220 units are sold, what is the variable cost per unit sold? Note: Round "Per unit" answer to 2 decimal places. b. If 5,220 units are sold, what is the total amount of variable costs related to the units sold? c. If 5,220 units are produced, what is the total amount of manufacturing overhead cost incurred? a. Variable cost per unit sold b. Total variable costs c. Total manufacturing overhead cost10 In July, TPM Co. incurred total costs of $60,000 and made 6000 units. In December it produced 4000 units and total costs were $40,000. What is the variable cost per unit? a. S12.00 b. $15.00 c. S10.00 d. $8.00
- Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $20,000 $15,000 Direct labor $12,000 $24,000 The company's overhead costs of $108,000 are allocated based on direct labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What is the cost per unit for product B? (Do not round your intermediate calculations.)The J. Page Furniture Company has the following information available regarding costs at various levels of Pi monthly production. Note that the company's total maximum productive capacity is 30,000 units: m Total Cost $72,000 91,800 101,480 12,000 to Direct materials $32,000 40,800 $100,000 he Direct labor 127,500 or SI 45,380 Indirect materials 140,750 Supervisors' salaries 12,000 12,000 ta Depreciation on plant and equipment 8,000 8,000 58,350 8,000 Maintenance 26,350 80,750 Utilities 6,800 14,300 19,550 NI Insurance on plant and equipment 1,600 1,600 1,600 C. 150.000 $640.150 48,000 108.000 $467.530 in Property taxes on plant and equipment $220,930 8,000 Units Ca in Total 18.000 Units 25.000 Units Units produced Required a. For each cost component above, determine whether its cost is a: th t 4omXYZ Ltd. has the following costs for 1,000 units: Total Cost Direct materials E 1.500 Direct labour 7,500 Depreciation on building 30,000 What is the total amount of direct materials for 100 units? a. £1.50 b. £225.00 c. £3.00 d. £150.00 Cost per Unit € 1.50 7.50 30.00
- R Company has the following production information available for June: Total materials costs $ 80,000 Equivalent units of materials 10,000 Total conversion costs $120,000 Equivalent units of conversion costs 20,000 What is the total manufacturing cost per unit?A company provided the following information about its one and only product: $45,000 $30,000 $42,000 $8,000 $28,000 $12,000 $20 10,000 Direct material used Direct labour Fixed factory overhead Fixed Selling & administrative expenses Variable factory overhead Variable Selling & administrative expenses Selling price per unit Units produced The unit cost of a unit under the absorption costing approach is? a. $10.30 O b. $16.50 O c. $14.50 O d. $5.00Walton Company incurred manufacturing overhead cost for the year as follows. Direct materials $ 39.00 /unit Direct labor $ 27.40 /unit Manufacturing overhead Variable $ 11.10 /unit Fixed ($18.80/unit for 1,900 units) $ 35,720 Variable selling and administrative expenses $ 10,360 Fixed selling and administrative expenses $ 15,500 The company produced 1,900 units and sold 1,400 of them at $182.00 per unit. Assume that the production manager is paid a 1 percent bonus based on the company’s net income. Required Prepare an income statement using absorption costing. Prepare an income statement using variable costing. Determine the manager’s bonus using each approach. Which approach would you recommend for internal reporting?
- Sedona Company set the following standard costs for one unit of its product for this year. Direct material (15 pounds $3.40 per pound) Direct labor (10 hours e S9.70 per DLH) Veriable overhead (10 hours $4.90 per DLH) Fied overhead (10 hours $2. 00 per DLH) Standard cost per unit $ 51.00 97.00 49.00 20.00 $ 217.00 The $6.90 ($4.90 - $2.00) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 41,300 units, which is 70% of the factory's capacity of 59,000 units per month. The following monthly flexible budget information Is avallable. Operat ing Levels (K of capacity) 65% 30, 350 383,500 Flexible Budget Budgeted production (units) Rudgeted direct labor (standard hours) Budgeted overhead Varlable overhead Fised overhead Total avertead 41, 300 413,000 75% 44, 250 442, 500 $1,879,150 826,000 $ 2,023, 700 826, 000 $ 2,849, 700 $2,168, 250 126, e00 $ 2,994, 250 $ 2,705, 150 During the current month, the company operated at 65% of capacity, direct labor of…Sheddon Industries produces two products. The products' Identified costs are as follows: Direct materials Direct labor Multiple Choice The company's overhead costs of $54,000 are allocated based on labor cost. Assume 4,000 units of product A and 5,000 units of Product B are produced. What amount of production costs would be assigned to Product A? Note: Do not round Intermediate calculations. $39,000 $50,000 $93,000 Product A $ 20,000 12,000 None of the answers are correct. Product B $ 15,000 24,000Company XYZ produced 1,000 units of product A. The total manufacturing costs were $30,000. The Manufacturing overhead cost was twice the direct labor cost while the direct materials cost was three times the direct labor cost. What was the manufacturing overhead cost per unit? a. None of the given answers b. 5 С. 15 d. 6 e. 10
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