TB MC Qu. 04-114 (Algo) Aztec Industries produces bread... Aztec Industries produces bread which goes through two operations, Mixing and Baking, before it is ready to be packaged. Next year's expecte activities are shown below. Direct labor hours Machine hours Overhead costs Multiple Choice $4.40 per Mixing 414,000 DLH 814,000 MH $0.81 per MH. $ 662,400 Baking 94,000 DLH Compute Aztec's departmental overhead rate for the Mixing department based on machine hours. 814,000 MH $ 414,000

TB MC Qu. 04-114 (Algo) Aztec Industries produces bread... Aztec Industries produces bread which goes through two operations, Mixing and Baking, before it is ready to be packaged. Next year's expecte activities are shown below. Direct labor hours Machine hours Overhead costs Multiple Choice $4.40 per Mixing 414,000 DLH 814,000 MH $0.81 per MH. $ 662,400 Baking 94,000 DLH Compute Aztec's departmental overhead rate for the Mixing department based on machine hours. 814,000 MH $ 414,000

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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< a. C. eBook b. Show Me How (Round the per unit cost to the nearest cent and use in subsequent computations. If required, round your answers to the nearest dollar.) Journalize the following entries for the month: a. Materials are purchased to produce 1,560 units. b. Conversion costs are applied to 1,480 units of production. c. The cell completes 1,410 units, which are placed into finished goods. If an amount box does not require an entry, leave it blank. Check My Work intr-amprogress=false Lean Accounting The annual budgeted conversion costs for a lean cell are $124,440 for 1,700 production hours. Each unit produced by the cell requires 15 minutes of cell process time. During the month, 1,480 units are manufactured in the cell. The estimated materials costs are $57 per unit. ☐☐☐☐☐☐ 00 00 00 G ✩ = 0 Previous Next Upd
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Sarah produces a product that passes through two processes, Process 1 and Process 2. Details of activities for the month of December, 2020 is as follows; Process 1 Process 2Material introduced (4,000 units) @GH₵200.00 - Material added - GH₵25,000.00Labour Costs (@GH₵400 per hour) 200hrs 600hrsOutput in units 3,500units…
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Cost of Services Sold Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each cleaning (cleaning one house one time) takes a team of three house cleaners about 1.5 hours. On average, HHH completes about 15,000 cleanings per year. The following total costs are associated with the total cleanings: Direct materials Direct labor Variable overhead Fixed overhead ? $472,500 15,000 18,000 Next year, HHH expects to purchase $25,600 of direct materials. Projected beginning and ending inventories for direct materials are as follows: Direct Materials Inventory Required: Beginning $4,000 2,600 Ending There is no work-in-process inventory and no finished goods inventory; in other words, a cleaning is started and completed on the same day. 1. Prepare a statement of cost of services sold in good form. If an amount is zero, enter "0". Happy Home Helpers, Inc. Statement of Cost of Services Sold For the Coming Year 2. How does this cost of services sold…
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Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 3,750 cameras with the following costs: Direct materials $1,000,000 Direct labor 104,000 Manufacturing overhead 768,000 There were no beginning or ending inventories of WIP. Required: If required, round your answers to the nearest cent. 1. What was the total prime cost in January?$fill in the blank 1 2. What was the prime cost per unit in January?$fill in the blank 2per unit 3. What was the total conversion cost in January?$fill in the blank 3 4. What was the conversion cost per unit in January? $fill in the blank 4per unit
Q1. An order for 5000 units of Part 491 is received by the Diamonds & Spades Engineering Company. The raw material used for the production of part costs $1.5 per part. The basic manufacturing sequence, with standard operation times per part and machine overhead rates, is given below: Operation Cutting Milling Drilling Grinding Packaging Time per Part 3 min. 5 min. 4 min. 3 min. 0.3 min. Overhead Rate $1.20/hour 2.00/hour 1.70/hour 1.40/hour The direct labor hour per part is equal to the machine time per part (packaging is a manual operation only). The tooling cost for this job order is estimated to be $500. In addition to the tooling costs and machine overhead costs, factory overhead costs are $15 per direct labor hour. The average direct labor hour rate is $10 per hour. a. Assuming zero scrap rate during production, determine the total estimated costs for the job order of 5000 units. b. Determine the unit selling price if profit is to be 25% of the selling price.