Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard unit of Fludex, as follows: Standard Quantity 2.20 ounces Standard Price or Rate $25.00 per ounce Standard Cost $ 55.00 Direct materials Direct labor 0.50 hours $15.00 per hour 7.50 Variable manufacturing overhead 0.50 hours $ 3.00 per hour 1.50 $ 64.00 During November, the following activity was recorded relative to production of Fludex: a. Materials purchased, 12,000 ounces at a cost of $282,000. b. There was no beginning inventory of materials; however, at the end of the month, 2,750 ounces of material remained in ending inventory. c. The company employs 25 lab technicians to work on the production of Fludex. During November, they worked an average of 110 hours at an average rate of $11.50 per hour. d. Variable manufacturing overhead is assigned to Fludex on the basis of direct labor-hours. Variable manufacturing overhead costs during November totaled $2,400. e. During November, 4,100 good units of Fludex were produced . Required:

West Partners manufactures metal fixtures. Each fitting requires both steel and an alloy that can withstand extreme temperatures. The following data apply to the production of the fittings for year 1: Direct materials per unit 2.0 pounds of steel at $0.80 per pound 1.2 pounds of alloy at $16.00 per pound Direct labor per unit 0.84 hours at $30 per hour Overhead per unit Indirect materials Indirect labor Utilities Machine depreciation Other overhead Total overhead per unit The machine depreciation and other overhead costs are fixed and are based on production of 100,000 units annually. Plant capacity is 120,000 units annually. All other overhead costs are variable. $ 0.40 0.80 0.60 1.10 0.60 $ 3.50 The following are forecast for year 2. A wage increase of 6 percent for both direct and Indirect labor, which was negotiated recently. will go into effect. Steel prices are expected to decrease by 5 percent while alloy prices are expected to Increase by 10 percent. Machine depreciation costs…

Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows:     Standard Quantityor Hours Standard Priceor Rate Standard Cost Direct materials 2.20 ounces $ 16.00 per ounce $ 35.20 Direct labor 0.80 hours $ 12.00 per hour   9.60 Variable manufacturing overhead 0.80 hours $ 2.50 per hour   2.00 Total standard cost per unit           $ 46.80     During November, the following activity was recorded related to the production of Fludex:   Materials purchased, 11,000 ounces at a cost of $160,600. There was no beginning inventory of materials; however, at the end of the month, 3,100 ounces of material remained in ending inventory. The company employs 23 lab technicians to work on the production of Fludex. During November, they each worked an average of 150 hours at an average pay rate of $11.00 per hour.…

Mickley Corporation produces two products, Alpha6s and Zeta7s, which pass through two operations, Sintering and Finishing. Each of the products uses two raw materials-X442 and Y661. The company uses a standard cost system, with the following standards for each product (on a per unit basis): Raw Material Standard Labor Time Product X442 Y661 Sintering Finishing Alpha6 3.0 kilos 2.0 liters 0.40 hours 1.00 hours Zeta7 5.0 kilos 5.0 liters 0.50 hours 1.20 hours Information relating to materials purchased and materials used in production during May follows: Purchase Standard Used in Material Purchases Cost Price Production 15,700 kilos 16,700 liters $51,810 $20,040 $3.10 per kilo $1.30 per liter 10,200 kilos 14,700 liters X442 Y661 The following additional information is available: a. The company recognizes price variances when materials are purchased. b. The standard labor rate is $23.00 per hour in Sintering and $21.50 per hour in Finishing. c. During May, 1,450 direct labor-hours were…