Assume you made the following two predictions for 2022 for one of your production facilities: Total manufacturing overhead for the year          $15,000,000 Total direct labor hours for the year                           800,000 Actual results for July 2022 were as follows: Manufacturing overhead                                       $1,238,500 Direct labor hours                                                       98,500 Calculate the predetermine overhead rate per direct labor hour for 2022.

Spinners, Co. manufactures wheel rims. The accounting office will be following ABC allocation rates for 2021. Activity Allocation Base Predetermined Overhead Allocation Rate Materials Handling Number of Parts $3.00 per part Machine Setup Number of setups $580.00 per setup Insertion Parts Number of parts $30.00 per part Finishing Finishing direct labor hours $83.00 per hour   Spinners, Co. produces two wheel rim models: standard and deluxe.Expected data for 2021 are as follows: Information Standard Deluxe Parts per rim 2.0 10.0 Setups per 500 rims 15.0 13.0 Finishing hours per rim 2.5 2.5 Total direct hours per rim 3.5 6.0   Spinners, Co. in 2021, expects to produce a total of 500 units. of each model.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. Compute the total estimated indirect manufacturing cost for 2021. Activity Predetermined Overhead Allocation Rate X Total estimated quantity of…

At May 31, 2020, Smythe Inc. has $4,500 in beginning raw materials, $6,000 of direct labour. If manufacturing overhead was $10,500, total manufacturing costs was $50,500, and total raw material purchases were $36,000, how much is ending amount of raw materials? Select one: a. $36,000 b. $21,000 c. $40,500 d. $6,500

Ceradyne projects its factory rent to be $6,000 in August when 8,600 units are expected to be produced. If rent is a fixed cost, and if production is expected to drop to 7,000 units in September, what is the expected cost of rent in September?

The production manager of Rordan Corporation prepared the following quarterly production forecast for next year: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 10,600 8,500 7,000 4th Quarter 11,100 Each unit requires 0.35 direct labor-hour, and direct laborers are paid $20.00 per hour. Required: 1. Prepare a direct labor budget for next year. Note: Round "Direct labor time per unit (hours)" answers to 2 decimal places. Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

The prôductión manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 8,600 2nd Quarter 6,500 3rd Quarter 7,300 4th Quarter 8, 200 Units to be produced Each unit requires 0.75 direct labor-hours, and direct laborers are paid $12.00 per hour. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Rordan Corporation Direct Labor Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost ... 田 0 DELL ...

Chefs Company developed the following standard costs for its product for 2022:                                                                                       CHEFS COMPANY                                                                                        Standard Cost Card   Cost Elements                   Standard Quantity         ×        Standard Price/Rate    =         Standard Cost Direct materials                        4 pounds                                  $ 10                                     $40 Direct labor                              2 hours                                       20                                      40 Variable overhead                     2 hours                                         8                                      16 Fixed overhead                         2 hours                                         4                                         8…

A work element takes 20 hours of labor of a technician. Currently, the technician makes $22.50 per hour. For this project, the overhead charges are 72% of the direct labor charges and 10% personal time was assumed for this work element. a. What would be total direct labor cost to complete the work element? b. What would be the total overhead cost to complete the work element? c. What would be the total personal time cost to complete the work element?

Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?

The production manager of Rordan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fi scal year:1st Quarter 2nd Quarter 3rd Quarter 4th QuarterUnits to be produced .............................. 8,000 6,500 7,000 7,500Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour.Required:1. Construct the company’s direct labor budget for the upcoming fiscal year, assuming that the directlabor workforce is adjusted each quarter to match the number of hours required to produce theforecasted number of units produced.2. Construct the company’s direct labor budget for the upcoming fiscal year, assuming that the directlabor workforce is not adjusted each quarter. Instead, assume that the company’s direct labor workforceconsists of permanent employees who are guaranteed to be paid for at least 2,600 hours of work eachquarter. If the number of required direct labor-hours is less than this number, the workers are paid…