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FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kilbourne Appliances produces two models of beverage coolers for homes and offices, the KA-15 and the KA-24. Data on operations and costs for March follow. Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs. Total costs KA-15 600 360 750 $ 85,000 16,950 Problem 6-65 (Algo) Product Costing (LO 6-2) KA-24 400 540 1,750 $ 133,000 39,550 Total 1,000 900 2,500 $ 218,000 56,500 212,550 $ 487,050 Required: a. Compute the individual product costs per unit assuming that Kilbourne Appliances uses direct labor-hours to allocate overhead to the products. b. Compute the individual product costs per unit assuming that Kilbourne Appliances uses machine-hours to allocate overhead to the products.
Transcribed Image Text:Kilbourne Appliances produces two models of beverage coolers for homes and offices, the KA-15 and the KA-24. Data on operations and costs for March follow. Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs. Total costs KA-15 600 360 750 $ 85,000 16,950 Problem 6-65 (Algo) Product Costing (LO 6-2) KA-24 400 540 1,750 $ 133,000 39,550 Total 1,000 900 2,500 $ 218,000 56,500 212,550 $ 487,050 Required: a. Compute the individual product costs per unit assuming that Kilbourne Appliances uses direct labor-hours to allocate overhead to the products. b. Compute the individual product costs per unit assuming that Kilbourne Appliances uses machine-hours to allocate overhead to the products.
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