Question 47: Compute from the following information relating to a machine, machine hour rate ?Cost of machineScrap valueRepairs for the effective working lifeStanding charges for four weekly periodEffective working life 10,000 hoursPower used 6 units @ 5 paise per unit in one hourHours worked in four weekly period 1: 3 hourNumber of machines in the workshop is 40 of which each bears equal charge.11,0006801,5001,600

Answered: y calculated. Question 47: Compute from…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Gell Corporation manufactures computers. Assume that Gell: • allocates manufacturing overhead based on machine hours • estimated 12,000 machine hours and $93,000 of manufacturing overhead costs • actually used 16,000 machine hours and incurred the following actual costs: How much manufacturing overhead would Gell allocate? a. $83,000 b. $93,000 c. $124,000 d. $220,000
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Question 1a A contract is under consideration that requires 600 labour hours to complete. There are 350 hours to spare capacity. The remaining hours for the contract can be found either by weekend overtime working paid at double the normal rate of pay or by diverting labour from the manufacturing the product QZ. If the contract is undertaken and labour is diverted, then sales of product QZ will be lost. Product QZ takes three labour hours per unit to manufacture and makes a contribution of Rs.12 per unit. The normal rate of pay of labour is Rs.9 per hour. Required: What is the total relevant cost of labour for the project? Question 1b A company is evaluating a project that required the following types of material. MATERIAL IN STOCK NEEDED PURCHASE CURRENT FOR PURCHASE CONTRACT A ABCDE с 100 1,100 F 1,000 1,000 100 50,000 1,000 100 200 PRICE OF STOCK 5,000 3,000 (RS.) 1.10 2.00 2.00 0.25 1.00 Material B and E are used regularly in the company. Material A could be sold to a local…
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The TOYO Manufacturing Company has the following financial information:· Manufacturing overhead P300,800· Direct materials increased by 130, 000· Work in process increased by 90, 000· Finished goods decreased by 320, 400Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.How much is the cost of goods sold?
The total prime cost for company XYZ was three times the conversion cost. The direct labor cost was $20,000 while the manufacturing overhead cost was $30,000. How much was the direct materials cost ($)? O a. 120,000 O b. 90,000 O c. 130,000 O d. None of the given answers О е. 150,000
(a) The following information relate to 4 employees A,B,C and D. EMPLOYEES. A B C D Actual hours worked 38 36 40 34 Hourly rate of pay K4500 K4320 K4,000 K6,000 Output in units XN 42 120 120 Y Z 72 92 76 270 50 Standard time allowed per unit x 6 minutes y - 9minutes z- 15 minutes Each minute earned is valued at K80 for piece work calculation. You are required to calculate for each employee his earnings using 1) Guaranteed hourly rates only addition to hourly pay. (4 Marks) 2) Piece work, but with earnings guaranteed at 75% of basic pay.(6 Marks) 3) Premium bonus in which the employee received two-thirds of time saved in (4 Marks) (b) B Limited had a staff of 1800 at the beginning of 2012 and owing to series of redundancies caused by the recession, 1200 at the end of the year. Voluntary redundancy was taken by 1500 staff, 300 more than the company anticipated. These excess redundancies were immediately replaced by new employees. (ii) Calculate labour turnover (2 Mark) In relation to…
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Gell Corporation manufactures computers. Assume that Gell: • allocates manufacturing overhead based on machine hours • estimated 12,000 machine hours and $93,000 of manufacturing overhead costs • actually used 16,000 machine hours and incurred the following actual costs: What is Gell’s actual manufacturing overhead cost? a. $158,000 b. $83,000 c. $145,000 d. $220,000
Oman Refinery company's is planning to setup a new unit in Ibri. For setting up of new unit in Ibri, the company's total overheads OMR 100,000 cost relating to setups 50% costs relating to inspections 50% Number of Setups 100 Number of Inspections 50 Calculate the setup cost driver rate a. OMR 500 b. OMR 750 C OMR 1500 d. OMR 1000
Shong Company appies overhead based on machne hours. Athe beginning of 20x1. he company estimuted hat manutacturing overhead would be 520.000 and machine hours would tota 20,000. By 20t yearend, actal ovetead ed 4600, and achal machine hous were 2000 On the basis of his normaton he 20xt predemned overhead rate O104 per machine hour 126 per machine hour 121 per machine hour $1.05 per machane hou $22 per machine hour.

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