??!! THESWEETDELIGHTS BAKERY PROVIDEDFOLLOWING INFORMATION FOR ITS CAKEPRODUCTION:•COST OF MATERIAL SUPPLIED: $4,500•COST OF MATERIAL USED: $4,200COST OF MATERIAL USED PER CAKE: $5•COST OF MATERIAL SUPPLIED PER CAKE: $5.50WHAT IS THE COST OF UNUSED CAPACITY?

Explanation of Cost of Material Supplied: This represents the total monetary value of materials that…

Answered: THE SWEETDELIGHTS BAKERY PROVIDED…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 8MC: What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials,...

See similar textbooks

Similar questions

Jake's Roof Repair has provided the following data concerning its costs: Fixed Coat Cost per Repair-Hour $15.00 97.40 per Month $21,200 Wagon and salarion Parts and supplies Equipment depreciation Truck operating expensea Rent Administrative expenses $ 2,710 * 5,740 3 4,640 8 3,840 $0.60 9 1.50 8 0.00 For example, wages and salaries should be $21,200 plus $15.00 per repair-hour he company expected to work 2,800 repair-hours in May, but actually worked 2,700 repair-hours. The company expects its sales to be $53.00 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue Expenses: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating…
Which of the following costs is a mixed cost? a.straight-line depreciation on factory equipment b.electricity costs of $3 per kilowatt-hour c.salary of a factory supervisor d.rental costs of $10,000 per month plus $0.30 per machine hour of use
The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
Need help this question
Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost per Repair-Hour $ Wages and salaries Parts and supplies Equipment depreciation $ Truck operating expenses $ $ Administrative expenses $ Rent 21,200 2,770 5,760 4,680 3,840 $ 15.00 $ 7.80 $ 0.55 $ 1.50 $ 0.70 For example, wages and salaries should be $21,200 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company expects its sales to be $50.00 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
How much the period cost are?
Just question 2.
2. Assume that Kizzle's management allocates Maintenance costs based on the number of service calls. Further assume that in a given period, the Janitorial, Mixing, and Cooking activities incur 16, 40, and 24 service calls, respectively, and that the Janitorial and Maintenance costs of that period are $3,000 and $4,200, respectively. Determine the total costs allocated from each support activity to the other three activities using the reciprocal services method. Malntenance cost allocation: Janitorial: Mixing: $4 Cooking: Janitorial cost allocation: Maintenance: Mixing: Cooking: 3. The company is considering changing from the reciprocal service method to a simpler method. Why should the company continue with the reciprocal service method? a. It is complex, but more accurate. b. It can be practiced if the company has sufficient resources and capacity. C. The simpler cost allocation methods are less accurate. d. All the above.
Jake's Roof Repair has provided the following data concerning its costs: Cost per Repair-Hour Fixed Cost per Month $ Wages and salaries Parts and supplies Equipment depreciation $ Truck operating expenses $ Rent $ Administrative expenses $ 21,100 2,750 5,780 4,660 3,840 $ 16.00 $ 7.20 $ 0.55 $ 1.70 $ 0.40 For example, wages and salaries should be $21,100 plus $16.00 per repair-hour. The company expected to work 2,600 repair-hours in May, but actually worked 2,500 repair-hours. The company expects its sales to be $48.00 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Need to make sure my notes coincide with this example problem from video. please include how you calculated each part. Thank you
Shale Remodeling uses time and materials pricing. It reports the following iInformation. Direct labor rate $ 150 per DLH $ 120 per DLH 288 of dairect materials cost Non-materials-related overhead Materials-related overhead Target profit margin (both conversion and direct materials) 208 The time charger per hour of direct labor is: Multiple Choice $288. $333. $324. 204.
The direct materials involved in the manufacture of a Whoopie cost $2 per unit and the direct labour cost is $2.50 per unit. There are also direct expenses of $0.50 per Whoopie. Fixed costs apportioned to a Whoopie amount to $3.15. What is the prime cost of a Whoopie?

SEE MORE QUESTIONS

Recommended textbooks for you

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

SEE MORE TEXTBOOKS

THE SWEETDELIGHTS BAKERY PROVIDED FOLLOWING INFORMATION FOR ITS CAKE PRODUCTION: •COST OF MATERIAL SUPPLIED: $4,500 •COST OF MATERIAL USED: $4,200 COST OF MATERIAL USED PER CAKE: $5 •COST OF MATERIAL SUPPLIED PER CAKE: $5.50 WHAT IS THE COST OF UNUSED CAPACITY?