Week |1 2 LC% 30% 60% 3 70% 4 80% 5 6 90% 100% A new equipment was installed, and we estimate this learning curve percentages. The cost of labor per unit is $1.09. The Weekly capacity is 6302 units. Determine the labor learning cost for this equipment.
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- Answer all subparts a,b,c,d,e,f.if answered within 30mins,it would be great Accounting ETS manufactures a component for its computer products. The annual demand for thiscomponent is 2500 units. The annual cost of maintaining inventory is10% per unit and the cost of preparing an order and setting up productionfor the order is $ 50.The machine used to make this part has a production rate of 10,000units per year and the cost is $ 22 per unit.a. Find the EPQ(Economic Production Quantity)A. How long does it take to produce the batch?B. How many batches will be produced per year?C. What is the maximum inventory level?D. What is the total cost per year?E. A supplier offers to sell a similar component for $ 25 per unit with a charge$ 5 per service per order. Should the company accept the offer?F. Find the average inventory level for each situation1- Chapters 1,2, & 4 i 12 D N 5 X Direct labor hours Machine hours Tarnish Industries produces miniature models of farm equipment. These collectibles are in great demand. It takes two operations, molding and finishing, to complete the miniatures. Next year's expected activities are shown in the following table: # Multiple Choice 13 3 Tarnish Industries uses departmental overhead rates and is planning on a $4.10 per machine hour overhead rate for the Finishing department. Compute the budgeted manufacturing overhead cost for the Finishing department given the information shown in the table. O E . D C $307,500 $658,050 $401,800 (4 $ 4 R F Molding 75,000 DLH 98,000 MH % 5 T G fo 40 Finishing 160,500 DLH 81,500 MH 6 Y & H 4 Q Search 7 V B N A4 P 112 { [ 27 1 prt sc Help } pause Save & Exit delete backspace home lock enterWeng CPAs charges for their services based on the following: Labor rate $ 160 per hourMaterials markup 40 %Using time and materials pricing, what is the total price for services requiring 8 labor hours and $50 of materials?
- ! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 7 pounds @ $9 per pound 3 DLH @ $17 per DLH 3 DLH @ $13 per DLH Actual Results 59,200 pounds @ $9.10 per pound 25,000 hours @ $17.60 per hour $ 334,000 8,400 units Exercise 21-8 (Algo) Standard cost per unit, total budgeted and actual costs, and total cost variance LO P2 (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute total budgeted cost for June production. Total budgeted (standard) costKindly help me with the attached image. Thank youQuestion 3: Abdur Rahman has received an order from the neighbor land of FIJI ISLAND Company for the special dairy product he makes. Fiji Island Co asked for 5,000 units of the dairy products. To make the product, Abdur Rahman needs $5 of direct materials per unit , 15 Minutes to make one unit, hourly payment is $12. For the purpose of calculating overhead, the company has estimated 30,000 direct labor hour would be needed this year. Estimated fixed manufacturing overhead $150,000 and variable manufacturing overhead is $4 per hour. During the season, the actual manufacturing overhead of Abdur Rahman Company was $250,000 with total 32,000 direct labor. Required: 3a). Determine the product costs per unit also total product cost for Fiji Company. 3b). Why companies use predetermined overhead costs rather than actual manufacturing overhead costs to apply overhead to jobs.
- A publishing company is planning on developing an SPSS Manual for graduatestudents in doctoral programs. The book will cost $16 to produce and will sell for$24; fixed costs will be $160,000. The company estimates that sales will beapproximately 60,000.a) What is the company’s breakeven point?b) Find the estimated profit.eleam.squ.euu.om/mod/qu12/attempt.p learning System (Academic) stion 3 Company XYZ uses machine hours to allocate its manufacturing overhead. The company estimates that total machine hours to be operated next year are 190,000 hours. The estimated variable overhead is $9 per hour and the estimated fixed overhead costs are $152,000. Calculate wer saved ked out of 2 the predetermined overhead rate. lag question Select one: O a. $9.80 O b. $0.80 O c. $10.80 O d. $0.10 O e. None of the answers given Clear my choiceHomework/2020 Pitt Jones Company had the following activities, allocated costs, and allocation bases: Activities Allocated Costs Allocation Base Account inquiry (hours) $60,000 2,000 hours Account billing (lines) $30,000 20,000 lines Account verification (accounts) $15,000 20,000 accounts Correspondence (letters) $10,000 1,000 letters The above activities are carried out at two of their regional offices. Northeast Office Midwest Office Account inquiry (hours) 100 hours 200 hours Account billing (lines) 10,000 lines 7,000 lines Account verification (accounts) 1,000 accounts 600 accounts Correspondence (letters) 50 letters 100 letters How much of the account verification costs will be assigned to the Northeast Office?
- Requirement 1. Calculate the total variable costs of producing 2, 3, and 4 units assuming that Northern Defense uses an 85% incremental unit-time learning model as a basis for predicting manufacturing labor-hours. Begin by calculating the cumulative total time in labor-hours using the incremental unit-time learning model. (Round the individual unit time for Xth unit to the nearest whole number) Individual unit time for Cumulative total time: Cumulative number of units 1 2 Xth unit: Labor-hours Labor-hours 3 Data table Direct materials cost Direct manufacturing labor time for first unit Learning curve for manufacturing labor time per radar system Variable manufacturing overhead costs $ 83,000 per unit of RS-32 Direct manufacturing labor costs "Using the formula for an 85% learning curve, b= In 0.85 In 2 -0.162519 0.693147 3,900 direct manufacturing labor-hours 85% incremental unit-time" 20 per direct manufacturing labor-hour 12 per direct manufacturing labor-hour =-0.234465Question 13 Lightview produces and sells overhead projectors to schools and colleges. Each overhead projector uses $27 of materials and requires 3 hours of labor at $10 per hour. Each overhead projector sells for $85. Lightview has fixed overheads of $227930. What is Lightview's break-even point in sales units? Round your answer to 2 decimal places.Plij answer qvitium
