BatCo makes baseball bats. Each bat requires 1.00 pounds of wood at $16 per pound and 0.35 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) Standard cost per unit Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds DLH DLH Standard price or rate

Required information [The following information applies to the questions displayed below.] BatCo makes baseball bats. Each bat requires 2.00 pounds of wood at $20 per pound and 0.30 direct labor hour at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. Prepare a standard cost card for a baseball bat for BatCo. (Round your final answers to 2 decimal places.) Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds DLH DLH Standard price or rate Standard cost per unit

Standard Direct Labor Cost The controller at your shoemaking company has determined that under normal conditions, you pay your employees $8.40 per hour, and it will take 2.6 hours of labor per pair of shoes. Given this information, calculate the standard cost of labor per pair of shoes. If required, round the standard labor per pair of shoes to the nearest cent. Manufacturing Costs Standard Price x Standard Hours per Pair = Standard Cost per Pair Direct Labor per hour hours Feedback V Check My Work Use the standard price and standard hours values shown to compute the standard labor cost per pair. Actual Direct Labor Cost During August, your shoe-making company incurred actual direct labor costs of $62,211 for 6,990 hours of direct labor in the production of 2,175 pairs of shoes. Given this information, calculate the actual cost of labor per hour. If required, round the actual cost of labor per hour to the nearest cent. Manufacturing Costs Actual Total Cost Actual Total Hours Actual…

Alibaba Manufacturing manufactures widgets for distribution. The standard costs for the manufacture of widgets follow:                                      Standard Costs                        Actual CostsDirect materials           3 lbs. per widget at              31,000 lbs. at $34                                         $35 per pound                     per poundDirect labor                     2.5 hours per widget            22,500 hours at                                         at $11 per hour                  $11.80 per hourFactory overhead       Variable cost, $24/widget      $241,500 variable cost                                    Fixed cost, $40/widget           $381,250 fixed cost Budgeted factory overhead was $640,000. Overhead applied is based on widgets produced. The company estimated that 10,000 widgets would be produced; however, only 9,600 were produced. InstructionsCalculate the following amounts.1. Rate at which total factory overhead is applied2. Materials price…

One of Waterway Company's activity cost pools is machine setups with estimated overhead of $240000. Waterway produces sparklers (360 setups) and lighters (640 setups). How much of the machine setup cost pool should be assigned to sparklers? O $120000 $153600 O $86400 $240000

Subject: Accounting

Standard Product Cost Sana Rosa Furniture Company manufactures designer home furniture. Sana Rosa uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room table are as follows: Direct labor: standard rate $24.00 per hr. standard time per unit 2.50 hrs. Direct materials (oak): standard price $8.00 per bd. ft. standard quantity 18 bd. ft. Variable factory overhead: standard rate $2.80 per direct labor hr. Fixed factory overhead: standard rate $0.80 per direct labor hr, a. Determine the standard cost per dining room table. If required, round your answer to two decimal places. per dining room table V. Using this principle, major b. A standard cost system provides Rosa Furniture management a cost control tool using the principle of management by exception cost deviations from standards can be investigated and corrected.

Keller Company makes two models of battery-operated boats, the Sandy Beach and the Rocky River. Basic production information follows:    Sandy Beach Rocky River Direct materials cost per unit $ 19.60   $ 27.00   Direct labor cost per unit   15.00     18.10   Sales price per unit   82.80     105.00   Expected production per month   1,240  units   900  units          Keller has monthly overhead of $12,053, which is divided into the following cost pools:         Setup costs $ 2,900 Quality control   6,195 Maintenance   2,958 Total $ 12,053     The company has also compiled the following information about the chosen cost drivers:     Sandy Beach Rocky River Total Number of setups 11 39 50 Number of inspections 100 425 525 Number of machine hours 1,450 1,450 2,900 4. Select the appropriate cost driver for each cost pool and calculate the activity rates if Keller wanted to implement an ABC system. (Round your answers to 2 decimal places.)…

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