Spates, Inc. manufactures and sells two products: Product H2 and Product E0. Data concerning the expected production of each product and the expected total direct labor-hours (DLHS) required toproduce that output appear below:ExpectedProduction130130DirectLabor-HoursPer UnitTotalDirectLabor-HoursProduct H2Product E06.38195.3689Total direct labor-hours1,508The company's expected total manufacturing overhead is $267,968.If the company allocates all of its overhead based on direct labor-hours, the overhead assigned to each unit of Product H2 would be closest to: (Round your Intermedlate calculations to 2 declmalplaces.)Multiple Cholce$203.83 per unitS151.57 per unitS355.40 per unt< Prev5 of 10Next >92°F AQI 61pe here to searchDELL

OAR stands for Overhead absorption rate refers to the rate which is charged to the cost unit that is…

Answered: Total Direct Direct Labor- Hours…

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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X Corp uses ABC to determine unit product cost. The company has two products namely G and N. The company's production for G and N are 1,000 units and 2,000 units, respectively. There are three overhead activity centers with overhead cost and product's activity as follows: <Refer to image> The overhead cost per unit of Product N under ABC is? A. 5.25 B. 10,500 C. 10.00 D. 6.50 E. 20,000
11. Subject:- Accounting
Total Manufacturing Overhead at the beginning of the year $105,840 Total direct labour costs estimated at the beginning of the year $186,000 Total direct labour hours estimated at the beginning of the year 3,600 DLH Actual manufacturing overhead costs for the year $99,760 Actual direct labour costs for the year $142,000 Actual direct labou hours for th eyear 2,950 DLH The company bases its manufacturing overhead allocation on direct labour hours. What was the predetermined manufacturing overhead allocation rate for 2012? 2. Halcyon Company just completed Job #22. See details below. Direct labor cost: $2,040 Direct materials cost: $90 Direct labor hours: 75 Predetermined manufacturing overhead allocation rate: $34.00 per direct labor hour Number of units of finished product: 200 units. What was cost per unit of finished product? 3. Use Picture 1 to answer the following: A. After these transactions have been recorded, the balance in the Work in…
2.Given the following data, calculate the total product cost per unit under variable costing. Direct labor $3.50 per unit Direct materials $1.25 per unit Overhead Total variable overhead $41,400 Total fixed overhead $150,000 Expected units to be produced 18,000 units a.$4.75 per unit b.$7.05 per unit c.$15.38 per unit d.$13.08 per unit e.$16 per unit
Information about a company's two products Is found below. Direct Labor- Hours per Unit Annual Production 23,eee units 44, 000 units Product A 0.60 Product B 0.20 Additional Information about the company follows: a. Direct materlals per unit Is $32 for Product A and $13 for Product B. b. The direct labor wage rate is $11 per hour. c. Product A requlres a special process that Is not requlred for Product B. d. The following activity cost pools are used by the company's ABC system. Estimated Expected Activity Activity Cost Pool (and Activity Measure) Machine setups (number of setups) Special process (machine-hours) General factory (Direct labor-hours) Overhead Cost Product A Product B Total 24 16,065 $ 135,000 $ 226,000 85 68 153 4,5ee 13,800 4,500 22,600 8,800 Requlred: 1. For each activity cost pool, calculate the activity rate. 2. Using ABC costing, determine the total cost per unit of Product A and Product B. Complete this question by entering your answers in the tabs below. Required…
Bike-O-Rama produces two bike models: Voltage and EasyRider. Departmental overhead data follow. Department Fabricating Assembly Required: Budgeted Cost $ 120,900 Allocation Base Machine hours (MH) Budgeted Usage 140,000 Direct labor hours (DLH) 9,300 MH 2,800 DLH 1. Compute departmental overhead rates using (a) machine hours to allocate budgeted Fabricating costs and (b) direct labor hours to allocate budgeted Assembly costs. 2. The company reports the following actual production usage data. Compute the overhead cost per unit for each model. Machine hours per unit Direct labor hours per unit Voltage 2.0 MH 1.5 DLH EasyRider 4.0 MH 0.5 DLH 3. The company reports additional information below. For each model, compute the product cost per unit. Per Unit Voltage EasyRider Selling Price $ 273 182 Direct Materials $ 103 93 Direct Labor $ 50 15 4. For each model, compute gross profit per unit (selling price per unit minus product cost per unit). Complete this question by entering your answers…
Shore Company reports the following information regarding its production cost. Units produced 36,500 units $ 27.25 per unit Direct labor $28.25 per unit Direct materials $675,250 in Variable overhead total $ 129,940 in Fixed overhead total Compute production cost per unit under absorption costing. O $74.00 O $77.56 O $55.50 O $27.25 O $18.50
Please help complete parts of question 1 1a. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production at is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Total manufacturing overhead cost: Manufacturing overhead per unit it: 1b. If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? What is this total amount expressed on a per unit basis? (Round your "per unit" answer to 2 decimal places.) Total manufacturing overhead cost: Manufacturing overhead per unit: 1c. If the selling price is $22 per unit, what is the contribution margin per unit? (Do not round intermediate calculations. Round you answer to 2 decimal places.) 1d. If 11,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this leve production? (Do not round…
6
Direct materials per unit Direct labor cost per unit Direct labor-hours per unit Estimated annual production and sales Estimated total manufacturing overhead Estimated total direct labor-hours $ 64.20 $ 17.60 Activity Cost Pools and (Activity Measures) Supporting direct labor (direct labor-hours) 1.4 DLHS 19,000 units The company has a conventional costing system in which manufacturing overhead is applied to units based on direct labor-hours. Data concerning manufacturing overhead and direct labor-hours for the upcoming year appear below: Batch setups (setups) Product sustaining (number of products) General factory (machine-hours) Total manufacturing overhead cost $50.40 $ 12.40 1 DLHs 69,000 units $1,854,640 95,600 DLHs Required: 1-a. Compute the predetermined overhead rate based on direct labor-hours. 1-b. Using the predetermined overhead rate and other data from the problem, determine the unit product cost of each product. 2. The company is considering replacing its conventional…
The East Company manufactures several different products. Unit costs associated with Product ORD210 are as follows: Direct materials $54Direct manufacturing labor 8Variable manufacturing overhead 11Fixed manufacturing overhead 25 Sales commissions (2% of sales) 5Administrative salaries 12Total$115What are the period costs per unit associated with Product ORD203 ? Oa. $120 b. $50 c. $17© d $18
Gold Company uses a plantwide overhead rate with machine hours as the allocation base. Use the following information to solve for the amount of machine hours estimated per unit of product RST. Direct material cost per unit of RST Total estimated manufacturing overhead Total cost per unit of RST Total estimated machine hours, Direct labor cost per unit of RST $ 19 $308,000 $ 84 154,000 MH 27 $

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