The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

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Answer 1

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 11, Problem 11.40BE

1.

To determine

To calculate: The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

2.

To determine

To calculate: The standard cost per batch of 10,000 bottles if the company makes the changes to the bottle design and production process so that less plastic is used including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

3.

To determine

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change).

To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.

4.

To determine

The benefits which might arise from making this change to using less plastic in the manufacture of the bottles.

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The following data were selected from the records of Fluwars Company for the year ended December 31, current year: Balances at January 1, current year: Accounts receivable (various customers) $ 111,500 Allowance for doubtful accounts 11,200 The company sold merchandise for cash and on open account with credit terms 1/10, n/30, without a right of return. The following transactions occurred during the current year: Sold merchandise for cash, $252,000. Sold merchandise to Abbey Corp; invoice amount, $36,000. Sold merchandise to Brown Company; invoice amount, $47,600. Abbey paid the invoice in (b) within the discount period. Sold merchandise to Cavendish Inc.; invoice amount, $50,000. Collected $113,100 cash from customers for credit sales made during the year, all within the discount periods. Brown paid its account in full within the discount period. Sold merchandise to Decca Corporation; invoice amount, $42,400. Cavendish paid its account in full after the…

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Answer 2

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 11, Problem 11.40BE

1.

To determine

To calculate: The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

2.

To determine

To calculate: The standard cost per batch of 10,000 bottles if the company makes the changes to the bottle design and production process so that less plastic is used including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

3.

To determine

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change).

To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.

4.

To determine

The benefits which might arise from making this change to using less plastic in the manufacture of the bottles.

Expert Solution & Answer

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Answer 3

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 11, Problem 11.40BE

1.

To determine

To calculate: The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

2.

To determine

To calculate: The standard cost per batch of 10,000 bottles if the company makes the changes to the bottle design and production process so that less plastic is used including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

3.

To determine

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change).

To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.

4.

To determine

The benefits which might arise from making this change to using less plastic in the manufacture of the bottles.

Expert Solution & Answer

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Answer 4

Question

Definition Definition System of assigning an estimated cost to the product (instead of the actual cost) so that the product cost can be determined well in advance and the pricing of the product can be done on time. Since the actual cost cannot be predicted at the initial stage of the production process, the estimated cost is recorded in the books. Any deviation of the estimated cost of the actual cost is adjusted in the books at the end of the period.

Chapter 11, Problem 11.40BE

1.

To determine

To calculate: The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

2.

To determine

To calculate: The standard cost per batch of 10,000 bottles if the company makes the changes to the bottle design and production process so that less plastic is used including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

3.

To determine

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change).

To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.

4.

To determine

The benefits which might arise from making this change to using less plastic in the manufacture of the bottles.

Expert Solution & Answer

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See solution

Answer 5

Chapter 11, Problem 11.40BE

1.

To determine

To calculate: The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

2.

To determine

To calculate: The standard cost per batch of 10,000 bottles if the company makes the changes to the bottle design and production process so that less plastic is used including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

3.

To determine

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change).

To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.

4.

To determine

The benefits which might arise from making this change to using less plastic in the manufacture of the bottles.

Answer 6

Chapter 11, Problem 11.40BE

1.

To determine

To calculate: The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

Answer 7

Chapter 11, Problem 11.40BE

1.

To determine

To calculate: The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

Answer 8

2.

To determine

To calculate: The standard cost per batch of 10,000 bottles if the company makes the changes to the bottle design and production process so that less plastic is used including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

Answer 9

2.

To determine

To calculate: The standard cost per batch of 10,000 bottles if the company makes the changes to the bottle design and production process so that less plastic is used including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

Answer 10

3.

To determine

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change).

To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.

Answer 11

3.

To determine

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change).

To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.

Answer 12

4.

To determine

The benefits which might arise from making this change to using less plastic in the manufacture of the bottles.

Answer 13

4.

To determine

The benefits which might arise from making this change to using less plastic in the manufacture of the bottles.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

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Answer 17

Ch. 11 - Prob. 1QC Ch. 11 - 2. (Learning Objective 2) The direct material...Ch. 11 - Prob. 3QC Ch. 11 - Prob. 4QC Ch. 11 - Prob. 5QC Ch. 11 - Prob. 6QC Ch. 11 - Prob. 7QC Ch. 11 - Prob. 8QC Ch. 11 - Prob. 9QC Ch. 11 - Prob. 10QC

The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

To calculate: The standard cost per batch of 10,000 bottles using the current data (before the company makes any changes) including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

To calculate: The standard cost per batch of 10,000 bottles if the company makes the changes to the bottle design and production process so that less plastic is used including direct materials, direct labor, and variable manufacturing overhead in the standard cost per unit.

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change). To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.

The benefits which might arise from making this change to using less plastic in the manufacture of the bottles.

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Chapter 11 Solutions

To calculate: The cost savings per batch by comparing the standard cost per batch under each scenario (current versus proposed change).

To find: The number of batches of bottles which would need to be produced after the change to have the cost savings total equal the cost to make the changes.