Testing Department Assembly Department Total Overhead $338,000 $630,000 $968,000 130,000 45,000 Direct labor hours 40,000 170,000 Machine hours 120,000 165,000 Assembly Department Testing Department $58,000 Total Overhead $87,850 15,150 $29,850 Direct labor hours 11,700 3,450 Machine hours 4,100 10,900 15,000
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Calculating Departmental
At the beginning of the year, Glaser Company estimated the following.
Glaser uses departmental overhead rates. In the assembly department,
overhead is applied on the basis of direct labor hours. In the testing
department, overhead is applied on the basis of machine hours. Actual
data for the month of March are as follows
1. Calculate the predetermined overhead rates for the assembly
and testing departments.
2. Calculate the overhead applied to production in each
department for the month of March.
3. By how much has each department's overhead been
overapplied? Underapplied?
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- Problem 2 (Life-Cycle Costing) The following revenue and the cost data are for Round Manufacturing's to radial saws. The RM 200 is for the commercial market and the RM 800 is for industrial customers. Both products are expected to have three-year life cycles. RM200 Year 1 Year 2 Year 3 Revenue Costs P 500,000 1,000,000 300,000 60,000 80,000 20,000 P2,500,000 -0- P2,000,000 Research and development Prototypes Marketing -0- 50,000 320,000 475,000 120,000 808,000 60,000 P 650,000 P 810,000 -0- Distribution 130,000 1,000,000 85,000 Manufacturing Customer service -0- Income P(960,000)Table 1: The Planned Value of Work Done Schedule Jan Feb March Project A Project B Project C Project D 60,000 100,000 80,000 120,000 100,000 80,000 80,000 120,000 120,000 120,000 70,000 April 120,000 140,000 90,000 120,000 May 200,000 140,000 100,000 150,000 100,000 Based on the data obtained from each project, you have found out the value of work done on the 31st of March, which is shown in Table 2 below. Table 2: The Actual Value of Work Done and Direct Cost Incurred as of the 31st of March Actual Value of Work Done 300,000 250,000 250,000 280,000 Project Direct Cost Incurred 220,000 180,000 200,000 240,000 A Each project is supposed to contribute 10% profit and 8% overhead to the company. You are requested to present to the company the turnorer as of the 31st of march. Prepare your answenr by answering the following que'stions. la) Calculate the planned ralue of work done, the total planned orerhead and the total profit contribution from all the. projects as of the 31st of March. b)…Dixon Construction Materials has collected this information: Based on this Information, what is the EVA for the project? A. $100,000 B. $10,000 C. $450,000 D. ($110,000)
- Required Exhibit 13.4 in the chapter as your guide. E13-4 Time allowed: 10 minutes cover a relevant range of 15,000 to 25.000 machine-hours each year. Overhead costs Cost formula Utilities £0.30 per machine-hour Indirect labour £52,000 plus £1.40 per machine-hour Supplies £0.20 per machine-hour Maintenance £18,000 plus £0.10 per machine-hour Depreciation 000'obF Required Prepare a flexible budget in increments of 5,000 machine-hours. Include all costs in your budget. E13-5 Time allowed: 20 minutes The variable portion of Murray Company's flexible budget for manufacturing overhead is given below: Machine-hours Cost formula 000 £2,800 Variable overhead costs (per machine-hour) £0.20 £2,400 Supplies 000 11,200 Maintenance 009'b 000' 1,200 1,400 Utilities 0.10 000 0 00 £21,000 0.40 4,800 Rework time 000 0 £1.50 £15,000 £18,000 Total variable overhead cost During a recent period, the company recorded 11,500 machine-hours of activity. The variable overhead costs incurred were: Supplies…12:09 pm l 36% 4_58346850211... Assignment- project analysis and evaluation Business management –ext -3d year 2021 g.c Ex: 1. A company is considering to appraise two projects. Two projects are available X and Y each costing $ 50, 000. the annual cash flows are expected as below. ACFS Year Plant X Plant Y 1 $ 15, 000 $ 5, 000 20, 000 15, 000 3 25, 000 20, 000 4 15, 000 30, 000 5 10, 000 20, 000 The cost of capital is 10%. Calculate 1) Pay back period 2) Net present value 3) Profitability Index 4) Internal Rate of Return Scanned by CamScanner ...Question12 -/1 View Policies Current Attempt in Progress Randel Manufacturing has five activity cost pools and two products (a budget tape vacuum and a deluxe tape vacuum). Information is below: presented Cost Drivers by Product Activity Cost Pool Cost Driver Estimated Overhead Budget Deluxe Ordering and Receiving Orders $130,000 600 400 Machine Setup Setups 297,000 500 400 Machining Machine hours 1,000,000 150,000 100,000 Assembly 1,200,000 Parts 800,000 1,600,000 Inspection 550 Inspections 300,000 450 Compute the overhead cost per unit for each product. Production is 700,000 units of Budget and 200,000 units of Deluxe. (Round overhead cost per unit to 2 decimal places, eg. 12.25 and cost assigned to 0 decimal places, eg. 2,500.) Overhead cost per unit per unit Budget $ per unit Deluxe $ eTextbook and Media 9:25 PM ) 10/13/20
- Summary Data for April Support Department Support Departments Production Departments Information Research and Technology Travel Service Analysis Audit Tax Consulting Total IT: Number of employees TS: Number of trips 9 5 15 120 150 110 409 15 12 10 120 160 520 837 RA: Number of requests Costs to Allocate 15 10 4 125 120 280 554 $ 810,000.00 $125,000.00 $1,280,000.00 $ $ $ $2,215,000.00 Question Answer 1. Which of the following is the closest approximation of the sales forecast's upper confidence bound for the 1/1/2028 quarter? 2. Based on the graph and the breadth of the confidence intervals, which seems easier to predict, sales or income before extraordinary items? 3. What is the sales forecast's upper confidence bound for the 10/1/2027 quarter? 4. What is the forecast lower confidence bound for the 4/1/2027 quarter? 5. What is the forecast for income before extraordinary items for Nintendo for the quarter starting 10/1/2027?Year Project A -3000 1 1000 2 1000 2500 18.54% 19.54% 23.54% 29.54%Cost Planning for Product Life Cycle... 229 RM800 Revenue Costs Research and development Prototypes Marketing Distribution Year 1 P 900,000 1,150,000 550,000 124,000 170,000 85,000 -0- P(1,179,000) Year 2 Year 3 P1,800,000 P2,000,000 -0- -0- 30,000 200,000 300,000 600,000 20,000 P 650,000 10,000 260,000 410,000 700,000 10,000 P 610,000 Manufacturing Customer service Income Required: 1. How would a product life-cycle income statement differ from this calendar- year income statement? 2. Prepare a three-year life-cycle income statement for both products. Which product appears to be more profitable? 3. Prepare a schedule showing each cost category as a percentage of total annual costs. Pay particular attention to the research and development and customer service categories. What do you think this indicates about the profitability of each product over the three-year life cycle?