Determine direct labour standards. BE12.3 (LO 1) Labour data for making one unit of finished product in Hideo Company are as follows: (1) Price-hourly wage rate $15.00, payroll taxes $0.95, and fringe benefits $1.50 (2) Quantity-actual production time 1.5 hours, rest periods and cleanup 0.3 hours, and set-up and downtime 0.2 hours. Calculate the following: a.standard direct labour rate per hour b. standard direct labour hours per unit c. standard labour cost per unit
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- The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?HH Electric reports the following information. Direct labor rate Non-materials-related overhead Materials-related overhead Target profit margin (on both conversion and direct materials) a. Compute the time charge per hour of direct labor. b. Compute the materials markup percentage. c. What price should the company quote for a job requiring four direct labor hours and $600 in materials? a. Time charge per hour of direct labor b. Materials markup c. Time and materials price $ 45 per DLH $ 25 per DLH 5% of direct materials cost 20% %The following direct labor information pertains to the manufacture of Granny: Time required to make one unit - 2 DL hrs; Number of direct labor workers - 50 workers; number of productive hours per week, per worker - 40 hours; weekly wages per worker - P500; Workers' benefits treated as DL costs - 20% of wages. What is the standard direct labor cost per unit of product Granny?
- The cost per unit associated with the production of Xen Merchandising are the following: Direct Materials - P1,000; Direct Wages - P200; Variable Overhead - P1,500; and Fixed Overhead - P2,000. Given the data, what is the product cost?Based on analyzing the relationship of total factory overhead (Y) to direct labor hours (X). The following relationship was found: Y = $1,000 + $2X The equation was probably found through the use of which of the following mathematical techniques?Calculate activity rate for general factory overhead using direct labor hours. How much of the $2,496,500 manufacturing overhead would be allocated to the Delta product? How much would be allocated to the sigma product?
- A company has the following overhead costs and activities: Estimated Expected Activity Product V Product W Product X Overhead Activities and Activity Measures Machine setups (setups) Processing customer orders (orders) Assembling products (assembly-hours) $9,178.00 Cost S7,234.50 $3,565.50 69 12 10 20 21 492 697 111 4. A company sells two products, one with sales of $10,000 and variable expenses of $2,500, another with sales of $46,000 and variable expenses of $15,420. Fixed expenses are $33,100. Breakeven point for the whole company is close to: А. 833,100 В. $22,900 C. $51,020 D. $48,676 A company that reduces the proportion of variable costs in its cost structure will: A. enjoys higher stability in profits. B. increase its profits more when the economy is good. C. have a loss more easily when the economy is bad. D. be indifferent. 5. 6. is normally recorded on any financial statement but irrelevant in decision making which is not. A. Sunk cost B. Incremental cost C. Differential…Assume that the company continues to use direct labor hours as the base for applying overhead cost to products. Compute the unit production cost for each model (model N 800XL and model N500)If the manufacturing overhead allocation rate is R20 per unit and the manufacturing overheads amount to R25 000, then the number of units produced would be 1 250 if the product basis is used. Select one: O True False Show Transcribed Text 3 Labour cost basis is suitable for allocation to a labour-intensive department. Select one: O True O False Show Transcribed Text C Which of the following may be classified as a period cost of a furniture manufacturer? A. Executive salaries B. Wages of the carpenters C. Wood used to manufacture tables O D. Variable manufacturing overheads
- CCONI XYZ Company provided the following information regarding Product XY: Direct material costs OMR3 per unit of product; Direct labor costs OMR5 per direct labor hour; Predetermined overhead rate OMR10 per direct labor hour. The cost of a job for 550 units of product XY, which uses a total of 80 direct labor hours, is: Select one: a. OMR9,900 6.OMR2850 c. OMR2,100 d.OMRS 200 e None of the answers given Company XYZ uses direct labor hours to allocate its manufacturing overhead. The company estimates thatGiven the following information, determine the product cost of one unit: Direct Materials = $60; Direct labor = $10; Apply Overhead based on $2 per Direct Labor hour; Direct labor hours is 4 hours per unit. a. $70 per unit b. $80 per unit c. $78 per unit d. $85 per unit Contribution margin is sales less: a. Fixed overhead and fixed selling and administrative expenses b. Variable Cost of goods sold and variable selling & administrative expenses c. Variable selling and administrative expemses and Fixed selling and administrative expenses d. variable cost of goods sold An investment generates an operating income of $100,000, and the average operating assets are $400,000. What is the return on the investment? a. 100% b. 75% c. 25% d. 20%1. Assume Delph uses plantwide predetermined overhead rates based on machine - hours. a. Compute the plantwide predetermined overhead rate. b. Compute the total manufacturing cost assigned to Job D-70 and Job C-200. c. If Delph establishes bid prices that are 150% of total manufacturing costs, what bid prices would it have established for Job D-70 and Job C-200? d. What is Delph's cost of goods sold for the year?Delph Company uses a job - order