COST MANAGEMENT: STRATEGIC W/CONNECT
COST MANAGEMENT: STRATEGIC W/CONNECT
8th Edition
ISBN: 9781264192427
Author: BLOCHER
Publisher: MCG CUSTOM
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Chapter 12, Problem 19BE
To determine

Calculate the depreciation expense under MACRS for 3-year property.

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Ingram Production creates 4,500 units. Each unit was expected to require 2.2 labor hours at a cost of $14 per hour. Total labor cost was $143,850 for 10,200 hours worked. Direct labor is measured in labor hours. What is the flexible budget variance for direct labor?
Atlas Components has budgeted sales for January, February, and March of 21,000, 24,500, and 22,000 units, respectively. Each unit that Atlas Components produces uses 4.2 pounds of raw material. The company requires 25% of the next month's budgeted production as raw material inventory each month. Atlas Components currently pays a standard rate of $1.65 per pound for raw materials. Each unit should be produced in 10 minutes of direct labor time at a standard direct labor rate of $13.00 per hour. Manufacturing overhead is applied at a standard rate of $15.00 per direct labor hour. Calculate the standard cost per unit for Atlas Components. (Round your answer to 2 decimal places.)
I am looking for the correct answer to this general accounting question with appropriate explanations.

Chapter 12 Solutions

COST MANAGEMENT: STRATEGIC W/CONNECT

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Depreciation -MACRS; Author: Ronald Moy, Ph.D., CFA, CFP;https://www.youtube.com/watch?v=jsf7NCnkAmk;License: Standard Youtube License