amra Corp. makes one product line. In February, Tamra paid $106,000 in factory overhead costs. Of that amount, $24,800 was for January’s factory utilities and $9,600 was for property taxes on the factory for the year. February’s factory utility bill arrived on March 12, and was only $16,200 because the weather was significantly milder than in January. Tamra Corp. produced 10,000 units of product in both January and February. a. What were Tamra’s actual factory overhead costs for February?    b. Actual per-unit direct material and direct labor costs for February were $24.30 and $10.95. What was actual total product cost per unit for February? Note: Round final answer to two decimal places

In December, Sara’s Sodas produced 4.2 million liters of the beverage. Manufacturing overhead was $1,410,000 and the cost per liter was $0.42. Labor costs were 25 percent of materials cost. Required: Calculate the materials cost for December. (Enter your answer in dollars not in millions.) Calculate the labor cost for December. (Enter your answer in dollars not in millions.)   Materials cost in December         ________________ Labor cost in December ________________

Vandalay Industries manufactures two products: toasters and blenders. The annual production and sales of toasters is 2200 units, while 1400 units of blenders are produced and sold. The company has traditionally used direct labor hours to allocate its overhead to products. Toasters require 1.25 direct labor hours per unit, while blenders require 1 direct labor hours per unit. The total estimated overhead for the period is $150,015. The company is looking at the possibility of changing to an activity-based costing system for its products. If the company used an activity-based costing system, it would have the following three activity cost pools: ​ ​ Expected activity Activity cost pool Estimatedoverheadcost Toasters Blenders Total Setup costs $8285 245 batches 390 batches 635 batches Engineering costs $70,980 900 engineering 800 engineering hours 1700 engineering hrs Maintenance costs $70,750 2730 direct labor hours 1295 direct labor hours 4025 direct labor hours Total…

Genuine Spice Inc. began operations on January 1 of the current year. The company produces eight- ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows:

Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball Is manufactured In a small plant that relles heavly on direct labor workers. Thus, varlable expenses are high, totallng $15.00 per ball, of which 60% Is direct labor cost. Last year, the company sold 58,000 of these balls, with the following results: $ 1,450,000 Sales (58,800 balls) variable expenses Contribution margin Fixed expenses 870,000 580,000 374,000 Net operating income 206,000 Required: 1. Compute (a) last year's CM ratio and the break-even polnt in balls, and (b) the degree of operating leverage at last year's sales level. 2. Due to an Increase in labor rates, the company estimates that next year's varlable expenses will Increase by $3.00 per ball. If this change takes place and the selling price per ball remalns constant at $25.00, what will be next year's CM ratio and the break-even polnt in balls? 3. Refer to the data in (2) above. If the expected change in varlable…

In May, Limonade produced 10,000 cases of powdered drink mix and sold 11,000 cases, of which 1,000 were produced in April. The total April production was 15,000. The sales price was $25, variable costs were $11 per case ($8 manufacturing and $3 selling and administrative), and total fixed costs were $75,000 ($60,000 manufacturing and $15,000 selling and administrative). Limonade's May income statement using variable costing follows: (Click the icon to view the variable costing income statement.) Read the requirements. Requirement 1. Prepare the May income statement using absorption costing. Limonade Income Statement (Absorption Costing) Month Ended May 31 Operating Income

Qinto Company sells two types of products: basic and deluxe. The company provides technical support for its products at a budgeted overhead cost of $252,000 per year. The company allocates technical support cost based on 10,500 budgeted technical support calls per year.   1. Compute the activity rate for technical support using activity-based costing.2. During January, Qinto received 640 calls on its deluxe model and 120 calls on its basic model. Allocate technical support costs to each model.

awson Toys, Limited, produces a toy called the Maze. The company has recently created a standard cost system to help control costs and has established the following standards for the Maze toy:   Direct materials: 7 microns per toy at $0.35 per micron Direct labor: 1.1 hours per toy at $7.00 per hour   During July, the company produced 5,400 Maze toys. The toy's production data for the month are as follows:   Direct materials: 73,000 microns were purchased at a cost of $0.33 per micron. 25,750 of these microns were still in inventory at the end of the month. Direct labor: 6,340 direct labor-hours were worked at a cost of $48,818.   Required: 1. Compute the following variances for July: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount.) a. The materials price and…

Cool Scoops makes ice cream in two processes, Mixing and Packaging. During April, its first month of business, the packaging department transferred 50,000 units and $175,000 of production costs to finished goods. The company completed and sold 48,000 units at a price of $5 per unit in April. a. What is the cost to produce one unit of ice cream during April? b. What is the total gross profit on ice cream sales for April?

4. Case made 24,500 units during June, using 32,000 direct labor hours. They expected to use 31,450 hours per the standard cost card. Their employees were paid $15.75 per hour for the month of June. The standard cost card uses $15.50 as the standard hourly rate. NOTE: All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). For the variance conditions, your answer is either "F” (for Favorable) or "U” (for Unfavorable) - capital letter and no quotes. Complete the following table of variances and their conditions: Variance Variance Amount Favorable (F) or Unfavorable (U) Labor Rate ? ? Labor Time ? ? Total DL Cost Variance ? ?