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

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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 industrial enterprise "HUANG S.A." purchased a sorting and packaging machine from a foreign company on 1/4/2017 at a cost of €500,000. The useful life of the machine was estimated by the Management at ten (10) years, while the residual value was estimated at zero. For the transportation of the machine from abroad to the company's factory, the amount of €20,000 was paid on 15/4/2017. As the insurance coverage of the machine during transportation was the responsibility of the selling company, HUANG S.A. proceeded to insure the machine from 16/4/2017 to 15/4/2018, paying the amount of €1,200. The delivery took place on 15/4/2017. As adequate ventilation of the multifunction device is essential for its proper operation, the company fitted an air duct on the multifunction device. The cost of the air duct amounted to €2,000 and was paid on 20/4/2017. On 25/4/2017, an external electrician was paid €5,000 for the electrical connection of the device. The company also paid €5,000 to an…

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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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.