Jackson Manufacturing and Trading Company Limited produces several kitchen products, one of which is a Jack grinder. One Jack grinder has a prime cost of £3.2, which includes 15 minutes of direct labour (costed at £8.2 per hour). Each unit uses 20 minutes of machine time. The company’s management accountant has estimated the following totals for the coming financial year, 2019: Machine hours available in the factory 40,000 hours Direct labour hours available 80,000 hours Total production overheads £340,000” “What is the estimated production cost of one Jack grinder if:” 2. “production overheads are absorbed on the basis of machine hours? production overheads are absorbed on the basis of labour hours

Cabinare Inc. Is one of the largest manufacturers of office furniture in the United States. In Grand Rapids Michigan and assembles filing cabinets in a assembly Department. Assume following nformation for the assembly departments: Direct labor per filing cabinets 30 min Supervisor salaries $132,000 per month Depreciation $24,000 per month Direct labor rate $21 per hr. Prepare a flexible budget for 13,000,16,000,and 20,000 filing cabinets for the month ending February 28 in assembly departments similar to exhibit 5 Round your final answer to the whole dollar, if required.

Rubble, Inc. produced 1,180 backpacks, the company's product in 2020. The standard cost was 4 yards of cloth at a standard cost of $1.00 per yard. The accounting records show that 2,900 yards of cloth were used, and the company paid $1.05 per yard. Standard time to make the backpacks was 2 direct labor hours per unit at a standard rate of $9.65 per direct labor hours. Employees worked a total of 1,600 hours and were paid $9.15 per hour.Calculate the direct materials cost variance.

Rubble, Inc. produced 1,100 backpacks, the company's product in 2020. The standard cost was 4 yards of cloth at a standard cost of $0.90 per yard. The accounting records show that 2,700 yards of cloth were used, and the company paid $1.15 per yard. Standard time to make the backpacks was 2 direct labor hours per unit at a standard rate of $9.80 per direct labor hours. Employees worked a total of 1,500 hours and were paid $9.15 per hour.Calculate the direct labor cost variance.

Rubble, Inc. produced 1,100 backpacks, the company's product in 2020. The standard cost was 4 yards of cloth at a standard cost of $0.90 per yard. The accounting records show that 2,700 yards of cloth were used, and the company paid $1.15 per yard. Standard time to make the backpacks was 2 direct labor hours per unit at a standard rate of $9.80 per direct labor hours. Employees worked a total of 1,500 hours and were paid $9.15 per hour.Calculate the direct labor cost variance.

Soul Socket Inc. manufactures socket wrenches. . For next month, the vice president of production plans on producing 4,450 wrenches per day. The company can produce as many as 5,000 wrenches per day, but is more likely to produce 4,500 per day. . The demand for wrenches over the past three years averaged 4,250 wrenches per day. • Fixed manufacturing costs per month total $374,000. . The company works 22 days a month. • Fixed manufacturing overhead is charged on a per-wrench basis. a. What is the overhead rate per wrench based on Theoretical Capacity? [Select] b. What is the overhead rate per wrench based on Practical Capacity? [Select] c. What is the overhead rate per wrench based on Normal Utilization? [Select] d. What is the overhead rate per wrench based on Master Budget Utilization? [Select]

Production workers for Zachary Manufacturing Company provided 4,300 hours of labor in January and 3,400 hours in February. The company, whose operation is labor intensive, expects to use 48,300 hours of labor during the year. Zachary paid a $111,090 annual premium on July 1 of the prior year for an insurance policy that covers the manufacturing facility for the following 12 months.   Required Based on this information, how much of the insurance cost should be allocated to the products made in January and to those made in February? (Do not round intermediate calculations.)

Johnson Electrical produces industrial ventilation fans. The company plans to manufacture 87,000 fans evenly over the next quarter at the following costs direct material, $1,740,000, direct labor, $522,000, variable production overhead, $639,450, and fixed production overhead. $960,000. The $960,000 amount includes $84,000 of straight-line depreciation and $105,000 of supervisory salaries Shortly after the conclusion of the quarter's first month, Johnson reported the following costs: Direct material Direct labor $ 554,600 159,300 Variable production overhead Depreciation 220,000 28,000 Supervisory salaries 37,600 Other fixed production overhead Total 252,000 $1,251,500 Dave Kellerman and his crews turned out 25,000 fans during the month a remarkable feat given that the firm's manufacturing plant was closed for several days because of storm damage and flooding Kellerman was especially pleased with the fact that overall financial performance for the period was favorable when compared…

Ceder Company has compiled the following data for the upcoming year: Sales are expected to be 16,000 units at $52 each. Each unit requires 4 pounds of direct materials at $2.40 per pound. Each unit requires 2.1 hours of direct labor at $13 per hour. Manufacturing overhead is $4.90 per unit. Beginning direct materials inventory is $5,400. Ending direct materials inventory is $6,950. Selling and administrative costs totaled $138,720. Determine Ceder's budgeted cost of goods sold. Complete Ceder's budgeted income statement.

Gloves and mittens are two related goods made by Kettle Factory. The overall manufacturing overhead budget is $1,050,000, with 600,000 direct labor hours expected. Glove manufacture is expected to take 375,000 direct labor hours, while mitten production will take 225,000 direct labor hours. Round your answers to two decimal places, if necessary. a.  Determine the single plantwide factory overhead rate based on direct labor hours.$fill in the blank 1 per direct labor hour b.  How much is the factory overhead cost per pair of gloves if each pair requires 2 hours to produce?$fill in the blank 2 c.  How much is the factory overhead cost per pair of mittens if each pair takes 1.5 hours to produce?$fill in the blank 3 d.  How much total factory overhead will be allocated to glove production if 187,500 pairs are budgeted and 190,000 pairs are actually produced during the period? Use your answer from (b) above.$fill in the blank 4 e.  How much total factory overhead will be allocated to mitten…