Exercise 2. Blanche Corporations estimated its unit costs of producing and selling 12,000 units per month as folo Direct Materials Used P 32.00 20.00 Variable Marketing Cost Fixed Marketing Cost Estimated Unit Cost 3.00 4.00 P 80.00 Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead 15.00 6.00
Q: The manufacturing costs of Rosenthal Industries for the first three months of the year follow:…
A: A high low method is used to separate the mixed cost into fixed cost and variable cost. In this…
Q: Exercise 1-8 Product Costs and Period Costs; Variable and Fixed Costs [LO1-3, LO1-4] Kubin Company’s…
A: Product Costs : Product costs are the costs that are incurred for the production of a particular…
Q: Calculate the variable overhead rate, efficiency, and total spending variances for Bullseye.
A:
Q: High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the…
A:
Q: Sales Price Php 300 per unit Fixed Cost: Marketing and administrative Php 24,000.00 per period…
A: Cost to make and sell the product includes all the cost incurred on it. Variable cost are those…
Q: Please do the required parts 3-5
A: Cost of a product refers to the expenses incurred by the company in exchange of getting resources…
Q: Question 3 Ghaz Company produces two types of sound units: Deluxe and Regular. Activity data is as…
A: ANSWER Ghaz Company produces two types of sound units: Deluxe and Regular
Q: Subject: Cost management & accounting Question No. 3: Absorption and Marginal Costing (remaining…
A: Computation of Unit product cost under Absorption costing Particulars Workings Amount Direct…
Q: Problem 5 A proforma cost sheet of a company provides the following particulars: Elements of Cost…
A: The working capital requirement schedule is prepared by the finance manager with the aim to identify…
Q: RU Limited operates a system of standard costing in respect of one its products which is…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Problems 1. During the most recent year, Pilkey Ltd had the following date associated with the pro…
A: Answer:- 1 Computation of unit product cost using absorption costing:- Absorption cost per unit = (…
Q: High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the…
A: Here in this question we are required to calculate variable cost and fixed cost by high low method.…
Q: The manufacturing costs of Kellam Industries for the first three months of the year follow: Total…
A: High Low Method is a cost accounting technique used to determine the fixed and variable elements of…
Q: Bullseye Company manufactures dartboards. Its standard cost information follows: Standard…
A: 1. Compute direct materials price, quantity and total spending variance for Bullseye as shown below:…
Q: Comprehensive Problem Xavier Company produces a single product. Variable manufacturing overhead is…
A: Variances: Variances mean the difference between the standard and the actual activity during a…
Q: 2. A business produces one product which requires the following inputs: Direct Materials 6 kg at $…
A: Given Information: Direct materials - 6 kg x $4.80 per kg = $28.80 Direct labor - 4 hour x $7 per…
Q: Q2. Bolts and Brackets Limited manufactures and sells two products: arms and brackets. This year for…
A: Activity based costing is a type of costing method in which all indirect costs are allocated or…
Q: Sales Price Php 300 per unit Fixed Cost: Marketing and administrative Php 24,000.00 per period…
A: Variable Manufacturing Cost per unit = Direct Material + Direct Labor + Manufacturing Overhead…
Q: ROBLEM 1 FIGHTING Manufacturing Corporation has a traditional costing system in which it applies…
A: Under traditional costing system, manufacturing overhead costs are allocated on the basis of direct…
Q: Question 5: The Information below is taken from production department of Salalah Company for April:…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Exercise 4 The Information bellow has been taken from production department of Elite Company for…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Marginal Costing and Absorption Costing Question 2 The following information is being provided by…
A: Absorption costing means that inventory is valued at total manufacturing cost including fixed…
Q: 2. The estimated unit costs for CNR Inc., when it is operating at a production and sales level of…
A: Absorption Costing - In this costing method cost associated with the manufacturing of a product is…
Q: Scenario IV: Goodmark Company produces two types of birthday cards: scented and regular. Expected…
A: 1-a) Ratios will be calculated of Activity Drivers' work to the Scented and Regular Cards. 1-b) If…
Q: 1. Sunshine Company manufactures and sells a single product. Cost data for the product are given…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Question 1 Pak alco sells Aluminum sheets @$210 per square meter. The following data is available…
A: Absorption costing is a method to calculate the ending inventory on the basis of fixed and variable…
Q: The manufacturing costs of Kellam Industries for the first three months of the year follow: Total…
A: When mixed costs are given, then we use high-low method to calculate the variable and fixed cost of…
Q: costs (based on units produced): materials cost manufacturing labor costs et manufacturing costs…
A: a) Direct material units used in production= 3.20 *10,000 fixtures =32,000 pounds Direct material…
Q: 4 Lukin Corporation reports the following first year production cost information: Units produced…
A: Absorption Costing: Absorption costing, often known as "full costing," is a management accounting…
Q: Question No. 3: Absorption and Marginal Costing The Dorset Corporation produces and sells a single…
A: The main difference between Absorption and Variable costing is treatment of Fixed Assets. Under…
Q: .A business operated at 100% of capacity during its first month, with the following results: Sales…
A: Answer 3 We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Standard Price or Rate Direct Materials Direct Labor Variable Factory Overhead P6.00 per meter ?…
A: Direct material cost variance = Standard cost for actual production - Actual cost = P84,000 -…
Q: A manufacturing company two products with the following information for each product: Product AA…
A:
Q: 1) Grover Company has the following data for the production and sale of 2,000 units.…
A: Contribution margin is an excess value of revenue over the variable cost and gross margin is the…
Q: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed…
A: The product cost includes the total cost incurred in manufacturing such as direct materials, direct…
Q: 3.8 Cookie Light, Inc. normally produces 12,000 bottles of its product soda light. The following…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Calculate the direct labor rate, efficiency, and total spending variances for Bullseye.
A: Calculate the direct labor rate, efficiency, and spending variances.
Q: Set-ups in period 15 45 Orders handled in the period 12 60 Overheads for Period $
A: ABC (activity-based costing) is a method of allocating overhead and indirect costs, such as salaries…
Q: Question 5: The Information below is taken from production department of Salalah Company for April:…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: QUESTION I Part A Best Component Sdn.Bhd produces two types of vehicle components, CA and CB, all…
A: Actual costing is a costing method where actual costs are recorded instead of the budgeted costs.…
Q: Problem D. During the month, ABC company produced and sold 12,000 units of product. Manufacturing…
A: Under variable costing , product cost includes only variable cost incurred in manufacturing the…
Q: High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the…
A: Costing: Costing is a technique used in cost accounting to determine the cost of a product. With…
Q: Question 2 CRAZY Co, is a major producer of beauty products. The company uses a standard cost system…
A: "Since you have posted a question with multiple sub parts we will solve first three sub parts for…
Q: Like Company manufactures a number of products. The standards relating to one of these products are…
A: Calculation of difference between total Standard Cost and Total Actual Cost Standard Actual…
What is the total
Step by step
Solved in 2 steps
- The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?Identify cost graphs The following cost graphs illustrate various types of cost behavior: For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases: A. Total direct materials cost B. Electricity costs of 1,000 per month plus 0.10 per kilowatt-hour C. Per-unit cost of straight-line depreciation on factory equipment D. Salary of quality control supervisor, 20,000 per month E. Per-unit direct labor costHart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows: During the next production period the labor-hours available are 450 in department A, 350 in department B, and 50 in department C. The profit contributions per unit are 25 for product 1, 28 for product 2, and 30 for product 3. a. Formulate a linear programming model for maximizing total profit contribution. b. Solve the linear program formulated in part (a). How much of each product should be produced, and what is the projected total profit contribution? c. After evaluating the solution obtained in part (b), one of the production supervisors noted that production setup costs had not been taken into account. She noted that setup costs are 400 for product 1, 550 for product 2, and 600 for product 3. If the solution developed in part (b) is to be used, what is the total profit contribution after taking into account the setup costs? d. Management realized that the optimal product mix, taking setup costs into account, might be different from the one recommended in part (b). Formulate a mixed-integer linear program that takes setup costs provided in part (c) into account. Management also stated that we should not consider making more than 175 units of product 1, 150 units of product 2, or 140 units of product 3. e. Solve the mixed-integer linear program formulated in part (d). How much of each product should be produced and what is the projected total profit contribution? Compare this profit contribution to that obtained in part (c).
- Crafts 4 All has these costs associated with production of 12,000 units of accessory products: direct materials, $19; direct labor, $30; variable manufacturing overhead, $15; total fixed manufacturing overhead, $450,000. What is the cost per unit under both the variable and absorption methods?The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?Question 2: How much of each product should be produced to maximize net operating income? Holton Company makes three products in a single facility. Data concerning these products follow: Product A Product B Product C Selling Price per Unit $95.80 74.90 113.40 Direct Materials $41.80 $41.80 $68.20 Direct Labor $30.10 $13.40 $17.20 Variable Manufacturing Overhead $5.80 $4.50 $8.00 Variable Selling Cost per Unit $7.70 $3.20 $4.90 Mixing Minutes per Unit 13.70 3.00 2.00 Monthly Demand in Units 3,000 1,000 2,000
- 2Given the following data, calculate the total product cost per unit under variable costing. Direct labor S3.50 per unit Direct materials S1.25 per unit Overhead Total variable overhead $41,400 Total fixed overhead $150,000 Expected units to be produced 18,000 units a.$4.75 per unit b.S7.05 per unit C.$15.38 per unit d.$13.08 per unit e.$16 per unitChhom Incorporated, manufactures and cells two products Product F and Product U4 Data concerning the expected production of each product and the expected total direct labor hours (DLH required to produce that output appear below Product F9 Product 04 Total direct labor-hoursi Expected Direct Labor-Hours Total Direct Production 300 600 Activity Cost Pools Labor-related Production orders order size Per Unit 4.0 2.0 The direct labor rate is $25.90 per DLH The direct materials cost per unit is $285 for Product F9 and $244 for Product 4 The company is considering adopting an activity based costing system with the following activity cost pools, activity measures, and expected activity Activity Measures DLHS orders MHS Estimated Overhead Cost Product $ 42,600 67,630 137,820 $ 248,050 Labor-Hours 1,200 1,200 2,400 1,200 400 3,300 Expected Activity Product U 1,200 GOO 3,100 Total 2,400 1,000 4,400Question No.5 Ivory Corporation manufactures two products (A and B). The overhead costs have been divided into four cost pools that use the following activity drivers: Product Number of Orders Number of Set-ups Number of Labor Transactions Labor Hours A B Cost per pool 20 5 Rs.15,000 35 70 Rs.8,400 1,000 1,500 Rs.120,000 75 125 Rs.40,000 Required: Compute the allocation rates for each of the activity drivers listed. Allocate the overhead cost to Product A and B using activity-based-costing. Compute the overhead rate using machine hours under the functional based costing system. Allocate the overhead cost to Product A and B using the functional-based costing system overhead rate calculated in part C.
- B. Find the cost of a product Different costs are presented below Direct materials $ 5.00 per unit Indirect materials $ 2.00 per unit Direct labor $ 10.00 per hour Indirect labor $ 3.00 per hour Other variable indirect costs $ 6.00 per hour Other fixed indirect costs $ 10.00 per unit Commissions to sellers $ 4.00 per unit Variable administrative costs $ 6.00 per unit Fixed Administrative Costs $ 10.00 per unit 1. Determine the cost of making each unit. When it says hourly, it refers to hours of direct labor. It takes 15 minutes for the company to make each product. .Question 5: The Information below is taken from production department of Salalah Company for April: The number of units produced is 10000. All amounts are in OMR. Total Costs Variable Cost Fixed Cost Direct material cost 500000 ? Total labor cost Manufacturing Overhead ? 400000 100000 90000 30000 ? Calculate: A. B. Calculate cost per unit B. Describe the production costs in the equation form Y = f+ vX. C. Assume Salalah intends to produce 10000 units next month. Calculate total production costs for the monthProblem D. During the month, ABC company produced and sold 12,000 units of product. Manufacturing and selling costs incurred for the month were: Direct materials and direct labor Variable factory overhead Fixed factory overhead Variable selling costs P480,000 108,000 24,000 12,000 Instruction: 13. Determine the product's unit cost under variable costing. 14. Determine the product's unit cost under absorption costing.