The cost of purchasing 400 kgs of direct materials and processing it up to the split-off point to yield a total of 22,700 chips of good products was $2.010,000. Beginning inventories totaled 120 chips for Standard and 80 chips for Premium. Ending ventory amounts reflected 120 chips of Standard and 80 chips of Premium. October costs per unit were the same as lovember. When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated andard chips? (Round intermediary percentages to the nearest hundredth) $1,435,714 $1.005.000 1.482.028

The cost of purchasing 400 kgs of direct materials and processing it up to the split-off point to yield a total of 22,700 chips of good products was $2.010,000. Beginning inventories totaled 120 chips for Standard and 80 chips for Premium. Ending ventory amounts reflected 120 chips of Standard and 80 chips of Premium. October costs per unit were the same as lovember. When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated andard chips? (Round intermediary percentages to the nearest hundredth) $1,435,714 $1.005.000 1.482.028

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter14: Quality And Environmental Cost Management

Section: Chapter Questions

Problem 31P: Panguitch Company manufactures a component for tablet computers. Weight and durability of the...

See similar textbooks

Similar questions

Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 114,000 to 182,400 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared. Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. Cost Report Components produced 114,000 144,000 182,400 Total costs: $ Total variable costs $49,020 (d) (j) Total fixed costs 54,720 (e) (k) $ $103,740 (f) (1) Total costs Cost per Unit $ Variable cost per unit (a) (g) (m) Fixed cost per unit (b) (h) (n) $ Total cost per unit (c) (i) (0)
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 61,600 to 100,800 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 61,600 79,200 100,800 Total costs: Total variable costs . . . . . . . . . $19,712 (d) (j) Total fixed costs . . . . . . . . . . . . 22,176 (e) (k) Total costs . . . . . . . . . . . . . . . . . $41,888 (f) (l) Cost per unit: Variable cost per unit . . . . . . . (a) (g) (m) Fixed cost per unit . . . . . . . . . . (b) (h) (n) Total cost per unit . . . . . . . . . . (c) (i) (o) Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar.
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 114,000 to 182,400 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 114,000 144,000 182,400 Total costs: Total variable costs . . . . . . . . . $49,020 (d) (j) Total fixed costs . . . . . . . . . . . . 54,720 (e) (k) Total costs . . . . . . . . . . . . . . . . . $103,740 (f) (l) Cost per unit: Variable cost per unit . . . . . . . (a) (g) (m) Fixed cost per unit . . . . . . . . . . (b) (h) (n) Total cost per unit . . . . . . . . . . (c) (i) (o) Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. Cost Report Components produced 114,000 144,000 182,400 Total costs: Total variable costs $49,020 (d) $fill in the blank 1 (j) $fill in the…
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 128,000 to 200,000 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 128,000 160,000 200,000 Total costs: Total variable costs . . . . . . . . . $57,600 (d) (j) Total fixed costs . . . . . . . . . . . . 64,000 (e) (k) Total costs . . . . . . . . . . . . . . . . . $121,600 (f) (l) Cost per unit: Variable cost per unit . . . . . . . (a) (g) (m) Fixed cost per unit . . . . . . . . . . (b) (h) (n) Total cost per unit . . . . . . . . . . (c) (i) (o) Complete the cost schedule below. When computing the cost per unit, round to two decimal places. Round all other values to the nearest dollar. Cost Report Components produced 128,000 160,000 200,000 Total costs: Total variable costs $57,600 (d) $fill in the blank 1 (j) $fill in the…
Panguitch Company manufactures a component for tablet computers. Weight and durability of the component are the two most important quality characteristics for the tablet manufacturers. With respect to the weight dimension, the component has a target value of 100 grams. Specification limits are 100 grams, plus or minus five grams. Products produced at the lower specification limit of 95 grams lose 20. A sample of five units produced the following weight measures: During the first quarter, 100,000 units were produced. Required: 1. Calculate the loss for each unit. Calculate the average loss for the sample of five. 2. Using the average loss, calculate the hidden quality costs for the first quarter. 3. Durability is another important quality characteristic. The target value is 20,000 hours of operation before failure. The lower specification limit set by engineering and marketing is 19,000 hours. They agreed that there should be no upper specification limit. They also noted that there is a 750 loss at the lower specification limit. Explain why there would be no upper specification limit. Use the lower limit and the left half of the Taguchi quadratic loss function to estimate the loss for components with the following lives: 6,500 hours, 11,000 hours, and 15,500 hours. What does this reveal about the importance of durability?
MI Enterprise manufactures 30,000 units of mobile phone memory cards which is coded as MI2210. This is used in their production line. At the current level of activity, the cost per unit for MI2210 is: Direct Materials $4; Direct Labor $ 7.5; Variable Manufacturing Overhead; $ 2.5Fixed Manufacturing Overhead $ 10; Total cost per part $24. An outside supplier has offered to sell 30,000 units of this part to MI Enterprise for $20 per part. MI Enterprise has determined that two-thirds of fixed manufacturing overhead being applied to part MI2210 would continue even if part MI2210 were purchased from the outside supplier. Should the outside supplier’s order be accepted? Justify your answer.
Vogel Inc. manufactures memory chips for electronic toys within a relevant range of 45,000 to 75,000 memory chips per year. Within this range, the following partially completed manufacturing cost schedule has been prepared: Components produced 45,000 60,000 75,000 Total costs: Total variable costs . . . . . . . . . $1,350,000 (d) (j) Total fixed costs . . . . . . . . . . . . 810,000 (e) (k) Total costs . . . . . . . . . . . . . . . . . $2,160,000 (f) (l) Cost per unit: Variable cost per unit . . . . . . . (a) (g) (m) Fixed cost per unit . . . . . . . . . . (b) (h) (n) Total cost per unit . . . . . . . . . . (c) (i) (o) Complete the cost schedule. When computing the cost per unit, round to two decimal places. Cost Report Components produced 45,000 60,000 75,000 Total costs: Total variable costs $1,350,000 (d) $ (j) $ Total fixed costs 810,000 (e) (k) Total costs $2,160,000…
Division A manufactures electronic circuit boards that can be sold to Division B of the same company or to outside customers. Last year, the following activity occurred in Division A: Selling price per circuit board Variable cost per circuit board Number of circuit boards: Produced during the year Sold to outside customers Sold to Division B $ 178 $ 122 21,300 15,500 5,800 Sales to Division B were at the same price as sales to outside customers. The circuit boards purchased by Division B were used in an electronic instrument manufactured by that division (one board per instrument). Division B incurred $200 in additional variable cost per instrument and then sold the instruments for $700 each. Required: 1. Calculate the net operating incomes earned by Division A, Division B, and the company as a whole. 2. Assume Division A's manufacturing capacity is 21,300 circuit boards. Next year, Division B wants to purchase 6,800 circuit boards from Division A rather than 5,800. (Circuit boards of…
Division A manufactures electronic circuit boards that can be sold to Division B of the same company or to outside customers. Last year, the following activity occurred in Division A: Selling price per circuit board Variable cost per circuit board Number of circuit boards: Produced during the year Sold to outside customers Sold to Division B $ 178 $ 120 21,000 15,600 5,400 Sales to Division B were at the same price as sales to outside customers. The circuit boards purchased by Division B were used in an electronic instrument manufactured by that division (one board per instrument). Division B incurred $210 in additional variable cost per instrument and then sold the instruments for $620 each. Required: 1. Calculate the net operating incomes earned by Division A, Division B, and the company as a whole. 2. Assume Division A's manufacturing capacity is 21,000 circuit boards. Next year, Division B wants to purchase 6,400 circuit boards from Division A rather than 5,400. (Circuit boards of…
Each year, Giada Company produces 20,000 units of a component part used in tablet computers. An outside supplier has offered to supply the part for $1.39. The unit cost is: Direct materials $0.83 Direct labor 0.34 Variable overhead 0.13 Fixed overhead 2.55 Total unit cost $3.85 1. What are the alternatives for Giada Company? a. Make the part in house b.Buy the part externally c.Make the part in house or buy the part externally d.None 2. Assume that none of the fixed cost is avoidable. List the relevant cost(s) of internal production. a.Direct materials, direct labor and variable and fixed overhead b.Direct materials, direct labor and variable overhead c.Direct materials, direct labor and fixed overhead d.None List the relevant cost(s) of external purchase. a.Purchase price b.Sales price c.Material price d.None 3. Which alternative is more cost effective and by how much? a. Making the part in house b. Buying the part from the external supplier by $___________ 4. What if…
ss
STI Industries manufactures two types of industrial staplers, small and regular. During October,STI purchased direct materials to produce its staplers. The quantity purchased equaled thequantity used. Related information for direct materials is as follows: Small RegularDirect materials Stapler StaplerStandard ounces per unit 12 cStandard price per ounce $2.00 $2.50Actual quantity purchased (used) per unit a 16.75Actual price per ounce $2.50 $2.80Materials price variance $1,000 U $2,010 U Materials usage variance $800 F…