Mercu Jaya currently has 20 workers who work 8 hours per day and 25 days a month. The labor hours required to produce a product is 0.8 hours. Calculate the standard output per worker per month. Answer A 5,000 units B 250 units C 160 units
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- 5KBG Manufacturing has the following standard cost sheet for one of its products: Direct materials ( 5 ft. @ $5) $25 Direct labour (1 hours @ $10) 10 Variable overhead ( 1 hours@ $ 4) 4 Fixed overhead ( 1 hours@ $2*) 2 Standard unit cost 41 *Rate based on expected activity of 15,000 hours. During the most recent year, the following actual results were recorded: Production 10,000 units Fixed overhead $30,000 Variable overhead $57,000 Direct materials (71,250 ft. purchased) $361,620 Direct labour (15,900 hours) $ 182,580 Required: Compute the following variances: 1. Direct materials price and usage variances. 2. Direct labour rate and efficiency variances26
- Foxx Company incurs $565000 overhead costs each year in its three main departments, setup ($30000), machining ($375000), and packing ($160000). The setup department performs 40 setups per year, the machining department works 5000 hours per year, and the packing department packs 500 orders per year. Information about Foxx’s two products is as follows: Product A1 Product B1 Number of setups 20 20 Machining hours 1000 4000 Orders packed 150 350 Number of products manufactured 600 400 Using ABC, how much overhead is assigned to Product A1 each year? $113000 $282500 $138000 $427000Question Company XYZ is currently producing and selling 100 units. At this level, the total direct materials cost is $500, the total direct labor cost is $600 and the total manufacturing overhead cost is $1,200, which includes $800 fixed manufacturing overhead cost. The company's total selling and administrative expenses are $2,500, which include $1,500 fixed selling and administrative costs. Assume that the company wishes to increase the number of units produced and sold to 102 units, what would be the incremental cost? (rounded to nearest ($) value) Not yet answered Marked out of 0.80 P Flag question O a. 30 O b. 25 O c. 50 O d. None of the given answers O e. 46Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is available. Product G Product B Selling price per unit $ 200 $ 230 Variable costs per unit 85 138 Contribution margin per unit $ 115 $ 92 Machine hours to produce 1 unit 0.4 hours 1.0 hours Maximum unit sales per month 650 units 250 units The company presently operates the machine for a single eight-hour shift for 22 working days each month. Management is thinking about operating the machine for two shifts, which will increase its productivity by another eight hours per day for 22 days per month. This change would require $11,500 additional fixed costs per month. (Round hours per unit answers to 1 decimal place. Enter operating losses, if any, as negative values.)
- The Amber is a product made by Howells Ltd. The following data applies to its production: In one standard hour, 5 units of Amber should be made (i.e. one Amber every 12 minutes). Actual production for the period was 250 units. Actual hours worked to achieve this production = 40 hours. The basic rate of pay = $12/hour. A bonus of 60% of the basic rate of pay is earned for every one hour of production time saved through efficient production. What is the labour cost for making 250 Amber units? a) $600 b) $672 c) $552 d) $480LZS Bhd produces a single product called MY2.5 which is being exported to Indonesia. You are the management accountant of LZS Bhd and for the month ended 31 May 2021 you are provided with the following information in relation to MY2.5. (i) Standard cost per unit of MY2.5. Direct Materials : 4 kg per unit at RM3 per kg Direct Labour : 5 hours per unit at RM4 per hour Variable Overhead : 5 hours per unit at RM1 per hour Fixed Overhead : 5 hours per unit at RM3 per hour (ii) Standard selling price of MY2.5 is RM60 per unit. (iii) Budgeted production was 10,000 units . (iv) Overheads are absorbed based on the direct labour hours. (v) The actual results for the year are as follows: Sales at 9,500 units at a total sales of RM 551,000 Material consumption : 37,000kg of material at a total cost of RM120,250 Labour paid per hour : RM4.1 per hour to all factory workers. Labour cost paid in total : RM 200,900 Overheads paid : Variable : RM 46,550; Fixed : RM 145,000 (vi) No stocks held at the end…Subject: Acounting
- Giant Ltd manufactures three different types of products: X, Y and Z. It was expected that the production and demand for the next year on these products as follows: Product X Product Y Product Z Units 1500 2250 3000 Additional details about the products are also as follows: Each unit Product X Product Y Product Z £ £ £ Selling price 174 340 310 Materials 32 80 60 Labour 40 96 80 Variable overheads 24 60…How are the sources of funds indicated?answer in text form please (without image)