Mema Company makes motorcycles. Management wants to estimate overhead costs to plan its operations. A recent trade publication revealed that overhead costs tend to vary with machine hours. To check this, they collected the following data for the past 12 months. (See the picture for the table) Compute for the: 1. If the plant is planning to operate at a level of 200 machine hours next period, what would be the estimated overhead costs?
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Mema Company makes motorcycles. Management wants to estimate
(See the picture for the table)
Compute for the:
1. If the plant is planning to operate at a level of 200 machine hours next
period, what would be the estimated overhead costs?
Step by step
Solved in 2 steps
- 1001. Question 36 In applying the high-low method, data from which months should be used? Month Total Cost May June July Aug Miles 51,000 $119,000 50,000 120,000 70,000 141,000 90,000 195,000 O June and August O June and July O May and June O May and AugustCH11_HW_QA2_PIR Required 1: 1-a. Compute the throughput time for each month. 1-b. Compute the manufacturing cycle efficiency (MCE) for each month. 1-c. Compute the delivery cycle time for each month. (Round your answers to 1 decimal place.) Throughput Time Manufacturing Cycle Efficiency (MCE) Delivery Cycle Time Month 1 days % days Month 2 days % days Month 3 days % days Month 4 days % days Required 3: 3-a. (Month 5) Refer to the inspection time, process time, and so forth, given for month 4. Assume that in month 5 the inspection time, process time, and so forth, are the same as for month 4, except that the company is able to completely eliminate the queue time during production using Lean Production. Compute the new throughput time and MCE. 3-b. (Month 6) Refer to the inspection time, process time, and so forth, given for month 4. Assume that in month 6 the inspection time, process time, and so…Sales are 140000 OMR, variable cost = 110000 OMR calculate contribution Select one: O a. None of them O b. 65000 OMR O c. 70000 OMR O d. 69000 OMR Next page s page Buss 104-2 03-05-21 10:40-11:40 ISS 104 Jump to...
- In applying the high-low method, what is the fixed cost? Month Miles Total Cost January 86000 $182000 February 60000 150000 March 78000 178000 April 92000 200000 $22000 $28000 $56250 $32000Using Least Square method compute for the variable and fixed cost Month Direct Labor Cost of Electricity Jan 170 4500 Feb 160 4225 Mar 150 4321 Apr 180 5250 May 173 4800 Jun 190 5100 Jul 210 4450 Aug 152 4200 Sep 220 5475 Oct 181 4760 Nov 177 4325 Dec 100 3975SCRUMPTIOUS CUPCAKESProfit and loss accountfor the year ended 30 April 20202020£SalesSales 220,000Cost of sales 120,000Gross Profit 100,000ExpensesSalaries 24,000Other Fixed cost 4,800Distribution 3,000Advertising 4,500Rent 13,200AHUtilities 3,600Other Cost 4,00057,100Operating Profit 42,900 SCRUMPTIOUS CUPCAKESBalance Sheetas at 30 April 20202020£Fixed assetsIntangible assets -Tangible assets 35,000Investments -35,000Current assetsStocks 3,000Debtors 10,000Cash at bank and in hand 6,30019,300Written ReportsCreditors: amounts falling duewithin one year (11,300)Net Current Assets 8,000Total assets less currentliabilities 43,000Net Assets 43,000Capital and reservesCalled up share capital 100Profit and loss account 42,900Shareholders' funds 43,000 please calculate the folliwing ratios: Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE● Liquidity – Current Test and Acid Test● Gearing● Activity/Performance – Stock Turnover, Debtors’ Collection Period and AssetTurnover…
- 8-13 The following three mutually exclusive alternatives have no salvage value after 5 years. Construct a choice table for interest rates from 0% to 100%.Multiple Choice Question 74 In applying the high-low method, what is the fixed cost? Month Miles Total Cost January 70000 $92000 February 42000 70000 March 60000 88000 April 82000 120000 O $50000 O $17500 O $32000 $18000 Click if you would like to Show Work for this question: Qpen ShoDirect fixed cost controllable by of the period just ended: Contribution margin Period expenses: Manager's salary Depreciation expense Allocated administrative costs25.000 Profit center #1 income Of the foregoing, in all likelihood, Mr. Iglesias controls P350.000 P100,000 40,000 165,000 P185.000 C. P100,000 A. P165.000 В. P185.000 D. P350,000 20. The following is a summarized income statement of CoolKid Co.'s profit cente No. 44 for March: Contribution margin P70,000 Period expenses: Manager's salary Facility depreciation Corporate expense allocation Profit center income P20.000 8.000 5,000 (33,000) P37.000 Which of the following amounts is most likely subject to the control of the p center's manager? А. P70.000 C. P37,000 D. P33,000 В. P50,000
- ER ES Study Question 6 In applying the high-low method, what is the fixed cost? Month Miles January 76000 February 52000 March 66000 April 84000 O$12000 $40000 O$45000 $32000 Total Cost $122000 110000 n the web and Windows 118000 150000 Click if you would like to Show Work for this question: Open Show WorkProblem 2 (Life-Cycle Costing) The following revenue and the cost data are for Round Manufacturing's to radial saws. The RM 200 is for the commercial market and the RM 800 is for industrial customers. Both products are expected to have three-year life cycles. RM200 Year 1 Year 2 Year 3 Revenue Costs P 500,000 1,000,000 300,000 60,000 80,000 20,000 P2,500,000 -0- P2,000,000 Research and development Prototypes Marketing -0- 50,000 320,000 475,000 120,000 808,000 60,000 P 650,000 P 810,000 -0- Distribution 130,000 1,000,000 85,000 Manufacturing Customer service -0- Income P(960,000)U. 2TU 21. The following information is available for Sweet Corporation's Material X Annual usage Working days per year Normal lead time The units of Material X are required evenly throughout the year. What is the reorder point? a. 35 units 12,600 units 360 days 20 days b. 20" day c. 700 units d. 630 units