Economy Standard Deluxe Number of Fans Number of Cooling Colls Manufacturing Time (hours) 8 12 14
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- A2savitaProduct A В Selling price per unit $ 96.20 $ 78.00 $ 86.40 Direct materials $ 41.90 $ 43.50 $ 51.90 Direct labor $ 30.20 $ 13.90 $ 12.10 Variable manufacturing overhead $ 5.80 $ 4.70 $ 5.70 Variable selling cost per unit $ 6.50 $ 3.40 $ 3.50 Mixing minutes per unit 11.50 1.00 1.00 Monthly demand in units 3,000 1,000 2,000 The mixing machines are potentially the constraint in the production facility. A total of 14,000 minutes are available per month on these machines. Direct labor is a variable cost in this company. Required: a. The maximum contribution margin per month the company can earn when using 14,000 available mixing machine minutes is $ . In the intermediate step that calculates "contribution margin per unit of constraining resource", round it to 2 decimal places. In the intermediate step that calculates "optimal production", round it to the closest integer. Round your final answer to 1 decimal place. b. Up to $ should the company be willing to pay for one additional minute of…
- 10q-6View Policies Current Attempt in Progress A company expected its annual overhead costs to be $692920 and machine hours to equal 101900 hours. Actual overhead was $744100, and actual machine hours totalled 97400 hours. How much is the company's predetermined overhead rate to the nearest cent, assuming overhead is applied based on machine hours? O $7.30 O $6.80 O $7.64 O $7.11 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit AnswerDirect labor 17 per unit 11 per unit 24 Direct materials $4 Overhead Total variable overhead Total fixed overhead Expected units to be produced $ 30,000 $100, 000 50,e00 units Product cost per unit under absorption costing
- Cornerstones of Cost Management 4th Ed. - Chapter 4 Scenario IV: Goodmark Company produces two types of birthday cards: scented and regular. Expected product data for the coming year are given below. Overhead costs are identified by activity. Scented Cards Regular Cards Total Units produced 20,000 200,000 - Prime costs $160,000 $1,500,000 $1,660,000 Direct labor hours 20,000 160,000 180,000 Number of setups 60 40 100 Machine hours 10,000 80,000 90,000 Inspection hours 2,000 16,000 18,000 Number of moves 180 120 300 Overhead costs: Setting up equipment $240,000 Moving materials 120,000 Machining 200,000 Inspecting products 160,000 Required: 1. Answer the following questions: a. Calculate the activity consumption ratios for Scented cards (round to two decimal places). Setups: Moving materials: Machining: Inspection: b. If only one rate based on direct labor hours were used to assign overhead, Scented Cards would receive…Particulars Standard Actual Output in units 1,200 units 1,100 units Variable overheads $6,000 $7,000 Labor hours 12,000 hours 18,000 hours Calculate Variable overhead expenditure variance Choose option: A) 2,000 (F) B) 2,000 (A) C) 9,000 (A) D) 9,000 (F)Overheads cost analysisRProduction 4 400 000Materials handling 1 000 000Set-up 1 050 000Quality control 1 900 000Materials procurement 400 000Cost driver analysisCost drivers Product A Product B TotalDirect labour hours 320 000 180 000 500 000Number of set-ups 420 280 700Materials movements 700 300 1 000Number of orders 1 300 700 2 000Number of inspections 1 140 760 1 900 Annual outputProduct A 200 000 unitsProduct B 100 000 units Use the information provided below to calculate the overhead cost per product using the followingcosting systems: Traditional Absorption Costing, using direct labour hours as the basis for allocation.…