Gamma Ltd is a small manufacturing business. Direct materials and direct labour are the only costs that can be traced directly to jobs. All other manufacturing costs are allocated using an overhead rate based on direct labour cost. The company calculates the selling price for each job by adding 25% to the total manufacturing costs. Annual Budget Forecast Direct Materials $4,500 Direct Labour $4,000 Variable Overheads $2,400 Administration expenses $1,500 Insurance $2,000 Advertising for the business $4,000 Depreciation of machinery $1,200 Job number 22-5 is completed during this month. It incurred the following direct costs: Direct materials $75 Direct labour $60 Required: (a) Calculate the estimated total manufacturing overhead cost for the year.

Preble Company manufactures one product Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: $40.00 Direct material: 4 pounds at $10.00 per pound Direct labor: 2 hours at $16 per hour Variable overhead: 2 hours at $6 per hour Total standard variable cost per unit The company also established the following cost formulas for its selling expenses: Fixed Cost Variable Cost per Month per Unit Sold Advertising Sales salaries and commissions Shipping expenses $ 240,000 The planning budget for March was based on producing and selling 30,000 units. However, during March the company actually produced and sold 34,500 units and incurred the following costs: a. Purchased 150,000 pounds of raw materials at a cost of $9.20 per pound. All of this material was used in production. b. Direct-laborers worked 62,000 hours at a rate of $17.00 per hour. C. Total variable manufacturing overhead for the month was $390,600.…

Roper Furniture manufactures office furniture and tracks cost data across their process. The following are some of the costs that they incur. Classify these costs as fixed or variable costs, and as product costs or period costs. A. Wood used to produce desks ($125.00 per desk) B. Production labor used to produce desks ($15 per hour) C. Production supervisor salary ($45,000 per year) D. Depreciation on factory equipment ($60,000 per year) E. Selling and administrative expenses ($45,000 per year) F. Rent on corporate office ($44,000 per year) G. Nails, glue, and other materials required to produce desks (varies per desk) H. Utilities expenses for production facility I. Sales staff commission (5% of gross sales)

Epsilon Company can produce a unit of product for the following costs: Direct material $ 8.10 Direct labor 24.10 Overhead 40.50 Total product costs per unit $ 72.70 An outside supplier offers to provide Epsilon with all the units it needs at $64.55 per unit. If Epsilon buys from the supplier, the company will still incur 30% of its overhead. Epsilon should choose to:

Collins Co. produces a part used in the manufacture of one of its products. The unit product cost is $40, computed as follows:  Direct materials, direct labor, and variable overhead $24 Fixed overhead $16 Total $40   An outside supplier has offered to provide the parts for only $30 each. If the parts are purchased from the outside supplier, (1) the company estimates that 25% of the fixed overhead cost above could be eliminated; (2) the company can use the freed capacity to launch a new product, earning a contribution margin of $5 per unit. Based on these data, the per-unit dollar financial advantage or disadvantage of purchasing from the outside supplier would be: Multiple Choice a)$7 financial disadvantage b)$8 financial advantage   c)$2 financial disadvantage   d)$3 financial advantage

Please only answer the total amount of fixed manufacturing overhead.

compute the customer level operating income of this customer for abc corporation using the companys activity based costing system

hekov Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly.   Support Departments Producing Departments   HumanResources GeneralFactory Fabricating Assembly Direct costs $170,000 $330,000 $114,200 $94,000 Normal activity:         Number of employees — 60 45 80 Square footage 1,500 — 6,000 14,000 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Chekov Company uses the direct method of support department cost allocation. Required: 1. Calculate the allocation ratios for the four departments using the direct method. If an amount is zero, enter "0". Round your answer to the nearest cent.   Proportion of Driver Used by   Human Resources General Factory Fabricating Assembly Human Resources fill in the blank 1 fill in the blank 2 fill in the blank 3 fill in the blank 4…

Multiple Choice $6.49 $5.63 $3.92 $5.20

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