Waterway Industries expects direct materials cost of $8 per unit for50,000 units (a total of $400,000 of direct materials costs). Waterway'sstandard direct materials cost and budgeted direct materials cost are:BudgetedSr. No.Standardة ن ف نهa.$400,000 per year$400,000 per yearb.$400,000 per year$8 per unitC.$8 per unit$400,000 per yeard.$8 per unit$8 per unit

To determine the correct pairing of standard and budgeted direct materials costs for Waterway…

Answered: Waterway Industries expects direct…

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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Bonita Industries expects direct materials cost of $4 per unit for 100000 units (a total of $400000 of direct materials costs). standard direct materials cost and budgeted direct materials cost is Standard $400000 per year $4 per unit $400000 per year $4 per unit Budgeted $4 per unit $4 per unit $400000 per year $400000 per year
Sheridan Company expects a direct materials cost of $5 per unit for 260000 units (a total of $1300000 of direct materials costs). Sheridan's standard direct materials cost and budgeted direct materials cost is Standard $5 per unit $5 per unit $1300000 per year $1300000 per year Budgeted $5 per unit $1300000 per year $5 per unit $1300000 per year
Crane Company expects a direct materials cost of $4 per unit for 100000 units (a total of $400000 of direct materials costs). Crane's standard direct materials cost and budgeted direct materials cost is O O Standard $400000 per year $4 per unit $4 per unit $400000 per year Budgeted $400000 per year $400000 per year $4 per unit $4 per unit
Vaughn Manufacturing expects a direct materials cost of $4 per unit for 300000 units (a total of $1200000 of direct materials costs). Vaughn's standard direct materials cost and budgeted direct materials cost is O Standard $1200000 per year $4 per unit $4 per unit $1200000 per year Budgeted $1200000 per year $4 per unit $1200000 per year $4 per unit
Compute the dollar amount of Direct Material "A" to be used in production during the year, given the following info: Budgeted Sales for the year = 640,000 units Estimated Beg. Inventory = 108,000 units Desired End. Inventory = 90,000 units The Quantities of Direct Materials expected to be used for each Unit of finished product are as follows: Material A = 0.5 lb. per unit @ $0.60 per lb. Material B 1.0 lb. per unit @ $1.70 per lb. Material C= 1.2 lb. per unit @ $1.00 per lb. O $186,600.00 $210,600.00 O$181,200.00 $240,000.00
Coronado Industries expects a direct materials cost of $8 per unit for 100000 units (a total of $800000 of direct materials costs). Coronado's standard direct materials cost and budgeted direct materials cost is Standard Budgeted
Automatic Irrigation, Inc. is preparing its manufacturing overhead budget for the 2022 year. Relevant data consist of the following: Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Control Units to be produced (by quarters): 6,000 10,000 12,000 9,000 Direct labor time: 1 hour per unit Variable overhead costs per direct labor hour: Indirect Materials $0.90; Indirect Labor $1.40; and Maintenance $0.50. Fixed overhead costs per quarter: Supervisory salaries $27,600; depreciation $4,000; and maintenance $1,900. Required Prepare the manufacturing overhead budget for the 2022 year showing quarterly data.
The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000 Machine supplies 180000 Indirect materials 150000 Depreciation on factory building 90000 Total manufacturing overhead $1140000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of a. $1278000. b. $1350000. c. $1368000. d. $1140000.
pharoah company expects to produce 1,207,200 units of product xxin 2022. montly production is expected to range from 76,000 to 118,000 units. budgeted variable manufactoring cost per unit are direct materials $3, direct labour $7, and overhead$10,. budgetd fixed manufactoring cost per unit for depreciation are $4 and for supervision are $1. prepare a fexible manufactoring budget for the relevant range value using 21,000 units increments
Current Attempt in Progress Crane Company is planning to produce 1,400 units of product in 2022. Each unit requires 3.4 pounds of materials at $5.8 per pound and a half-hour of labor at $12 per hour. The overhead rate is 50% of direct labor. (a) Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead. Direct materials $ Direct labor Overhead (b) $ Standard cost $ $ Compute the standard cost of one unit of product. (Round answer to 2 decimal places, e.g. 2.75.) Per Unit
Haven Company has accumulated the following budget data for the year 2022: Sales: 30,000 units; unit selling price $80 Cost of one unit of finished goods: direct materials, 2 kg at $5 per kilogram; direct labour, three hours at $12 per hour; and manufacturing overhead, $6 per direct labour hour Inventories (raw materials only): beginning, 10,000 kg; ending, 15,000 kg Raw materials cost: $5 per kilogram Selling and administrative expenses: $200,000 Income taxes: 30% of income before income taxes Instructions Prepare a schedule showing the calculation of the cost of goods sold for 2022. Prepare a budgeted income statement for 2022. Do not give answer in image

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