Larkspur Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Larkspur's monthly manufacturing costs and other expense data are as follows. Rent on factory equipment Insurance on factory building Raw materials used (plastics, polystyrene, etc.) Utility costs for factory Supplies used for general office i Wages for assembly-line workers Depreciation on office equipment Miscellaneous materials used (glue, thread, etc.) Factory manager's salary Property taxes on factory building Advertising for helmets Sales commissions Depreciation on factory building $12,000 1,810 80,600 910 380 67,900 870 1.500 6,600 450 14.100 10,410 1.630
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- Concord Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Concord's monthly manufacturing cost and other expense data are as follows. ReplyForwardSwifty Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Swifty’s monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $11,100 Insurance on factory building 1,800 Raw materials (plastics, polystyrene, etc.) 80,600 Utility costs for factory 900 Supplies for general office 400 Wages for assembly line workers 67,900 Depreciation on office equipment 900 Miscellaneous materials (glue, thread, etc.) 1,500 Factory manager’s salary 6,600 Property taxes on factory building 500 Advertising for helmets 14,100 Sales commissions 10,400 Depreciation on factory building 1,600 Compute the cost to produce one helmet. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per helmet $Swifty Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Swifty’s monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $11,100 Insurance on factory building 1,800 Raw materials (plastics, polystyrene, etc.) 80,600 Utility costs for factory 900 Supplies for general office 400 Wages for assembly line workers 67,900 Depreciation on office equipment 900 Miscellaneous materials (glue, thread, etc.) 1,500 Factory manager’s salary 6,600 Property taxes on factory building 500 Advertising for helmets 14,100 Sales commissions 10,400 Depreciation on factory building 1,600 Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of the columns.…
- Marvel Parts, Incorporated, manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 980 hours each month to produce 1.960 sets of covers. The standard costs associated with this level of production are: Per Set of Covers $ 16.50 3.50 Total Direct materials Direct labor Varlable manufacturing averhead (based on direct labor-hours) $ 32,340 $6,860 $1,940 1.00 $ 21.00 During August, the factory worked only 1,000 direct labor-hours and produced 2100 sets of covers. The following actual costs were recorded during the month: Per Set of Total Covers Direct materlals (6,000 yards) Direct labor Variable manufacturing overhead $ 34,020 $7,770 $3,990 $ 16.20 3.70 1.90 $ 21.00 At standard, each set of covers should require 25 yards of material. All of the…Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Ohno’s monthly manufacturing cost and other expense data are as follows. Rent on factory equipment $11,800 Insurance on factory building 2,100 Raw materials (plastics, polystyrene, etc.) 84,100 Utility costs for factory 1,000 Supplies for general office 400 Wages for assembly line workers 59,300 Depreciation on office equipment 900 Miscellaneous materials (glue, thread, etc.) 1,300 Factory manager’s salary 6,300 Property taxes on factory building 400 Advertising for helmets 14,600 Sales commissions 10,700 Depreciation on factory building 1,700 Compute the cost to produce one helmetMarvel Parts, Incorporated, manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 980 hours each month to produce 1.960 sets of covers. The standard costs associated with this level of production are: Per Set of Covers $ 16.50 3.50 Total Direct materials Direct labor Varlable manufacturing overhead (based on direct labor-hours) $ 32,340 $ 6,860 $ 1,40 1.00 $ 21.00 During August, the factory worked only 1,000 direct labor-hours and produced 2100 sets of covers. The following actual costs were recorded during the month: Per Set of Total Covers Direct materlals (6,000 yards) Direct labor Variable manufacturing overhead $ 34,020 $7,770 $3,990 $ 16.20 3.70 1.90 $ 21.00 At standard, each set of covers should require 25 yards of material. All of the…
- Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have b set for the seat covers, the factory should work 1,045 hours each month to produce 2,090 sets of covers. The standard costs associated with this level of production are: Per Set of Covers $23.70 Total $ 49,533 $ 10,450 Direct materials Direct labor 5.00 Variable manufacturing overhead (based on direct labor-hours) $ 4,598 2.20 $30.90 During August, the factory worked only 800 direct labor-hours and produced 1,900 sets of covers. The following actual costs were recorded during the month: Per Set of Covers $23.40 Total Direct materials (6,500 yards) $ 44,460 $ 9,880 $ 4,560 Direct labor 5.20 Variable manufacturing overhead 2.40 $31.00 At standard, each set of covers should require 3.0 yards of material. All of the materials…Justine Corporation currently makes rolls for deli sandwiches it produces. It uses 40,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are given below: Materials $0.24 per roll Labor $0.40 per roll Variable overhead $0.16 per roll Fixed overhead $0.20 per roll A potential supplier has offered to sell Justine the rolls for $0.95 each. If the rolls are purchased, 20% of the fixed overhead could be avoided. If Justine accepts the offer, what will the effect on profit be? $4,400 increase in profit $1,200 increase in profit $3,300 increase in profit $3,300 decrease in profit $4,400 decrease in profitMarin Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Marin’s monthly manufacturing costs and other expense data are as follows. Rent on factory equipment $11,500 Insurance on factory building 1,600 Raw materials used (plastics, polystyrene, etc.) 84,000 Utility costs for factory 910 Supplies used for general office 340 Wages for assembly-line workers 62,900 Depreciation on office equipment 890 Miscellaneous materials used (glue, thread, etc.) 1,400 Factory manager’s salary 6,200 Property taxes on factory building 430 Advertising for helmets 14,500 Sales commissions 10,720 Depreciation on factory building 1,660 Compute the cost to produce one helmet. (Round answer to 2 decimal places, e.g. 15.25.) Production cost per helmet $enter the…
- Marin Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the company has enough orders to keep the factory production at 10,000 helmets per month (80% of its full capacity). Marin’s monthly manufacturing costs and other expense data are as follows. Rent on factory equipment $11,500 Insurance on factory building 1,600 Raw materials used (plastics, polystyrene, etc.) 84,000 Utility costs for factory 910 Supplies used for general office 340 Wages for assembly-line workers 62,900 Depreciation on office equipment 890 Miscellaneous materials used (glue, thread, etc.) 1,400 Factory manager’s salary 6,200 Property taxes on factory building 430 Advertising for helmets 14,500 Sales commissions 10,720 Depreciation on factory building 1,660 Enter each cost item on your answer sheet, placing the dollar amount under the appropriate headings. Total the dollar amounts in each of…Marvel Parts, Inc., manufactures auto accessories. One of the company's products is a set of seat covers that can be adjusted to fit nearly any small car. The company has a standard cost system in use for all of its products. According to the standards that have been set for the seat covers, the factory should work 1,040 hours each month to produce 2,080 sets of covers. The standard costs associated with this level of production are: Per Set of Covers $40,540 $19.50 3.50 Total Direct materiale Direct labor Variable manufacturing overhead (based on direct labor-hourn) 7.200 2.00 $25.00 E4.160 During August, the factory worked only 600 direct iabor-hours and produced 1,800 sets of covers. The folowing actual costs were recorded during the month: Per Set of Covers 34,200 19.00 3.70 2.30 $25.00 total Direct naterials (5,000 yarde) Direet labor Variable manufacturing overhead $6,640 4,140 At standard, each set of covers should require 2.5 yards of material. All of the materiais purchased…Reuben’s Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: Reuben's Deli cost data Costs Amounts Increments Materials $0.24 per roll Labor 0.40 per roll Variable overhead 0.16 per roll Fixed overhead 0.20 per roll A) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. What are the total relevant costs? B) A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided. If Reuben accepts the offer, what are the total costs to purchase the rolls?