Three Bears Manufacturing produces an autominus−quartz watch movement called OM362. Three Bears expects to sell 19,000 units of OM362 and to have an ending finished inventory of 7,000 units.​Currently, it has a beginning finished inventory of 1,300 units. Each unit of OM362 requires two labor​ operations,three labor​hour(s) of assembling and threelabor​ hour(s) of polishing. The direct labor rate for assembling is $13.00 per assembling hour and the direct labor rate for polishing is$14.50per polishing hour. The expected cost of direct labor for OM362 is​ ________.

Leeds Corp. produces product BR500. Shamokin expects to sell 10,000 units of BR500 and to have an ending finished inventory of 2,000 units. Currently, it has a beginning finished inventory of 800 units. Each unit of BR500 requires two labor operations, one labor hour of assembling and two labor hours of polishing. The direct labor rate for assembling is $10 per assembling hour and the direct labor rate for polishing is $12.50 per polishing hour. The expected number of hours of direct labor for BR500 for this period are O 8,800 hours of assembling; 17,600 hours of polishing O 11,200 hours of assembling: 22,400 hours of polishing 17,600 hours of assembling: 8,800 hours of polishing O 22,400 hours of assembling: 11,200 hours of polishing

Garwood Marine is a boat repair yard, During August its transactions included the following. 1. On August 1 paid rent for the month of August $4,400. 2. On August 2, the owner Michael Garwood invested $ 60,000 cash in his own business. 3. On August 3,at request of Kiwi Insurance company made repairs on boat of Michael Fay. Sent bill for 5,620 for services rendered to Kiwi insurance company. 4. On August 8, purchased land for space the value of the land is $30,000.Paid $ 15,000 cash and signed a notes payable for the remaining balance. 5. On August 14, placed advertisement in Yachting World to be published in issue of August at cost of $165,payment to be made within 30 days. 6. On August 25 received a check (cash) for $5,620 from Kiwi Insurance company representing collectables of the receivables of August 3. 7. On August 30 sent check (cash) of $165 to Yachting World in payment of the liability. 8. On August 31, Michael Garwood owner of Garwood Marine withdrew 7,600 from the business…

Boxer Manufacturing produces luxury dog houses. Each dog house requires 4.0 hours of machine time for its elaborate trim and finishing. For the current year, Boxer calculated its predetermined fixed manufacturing overhead (MOH) rate to be $20 per machine hour. The company budgets its fixed MOH to be $202,000 per month. Last month, Boxer produced 2,000 dog houses and incurred $196,400 (actual) of fixed MOH. Read the requirements. Requirement 1. Calculate the fixed overhead budget variance Begin by determining the formula for the fixed overhead budget variance, then compute the variance. (Enter the variance as a positive number. Label the variance as favorable (F) or unfavorable (U) in the input field after the amount you enter.) Fixed MOH budget variance

Vandalay Industries manufactures two products: toasters and blenders. The annual production and sales of toasters is 2100 units, while 1600 units of blenders are produced and sold. The company has traditionally used direct labor hours to allocate its overhead to products. Toasters require 1.25 direct labor hours per unit, while blenders require 1 direct labor hours per unit. The total estimated overhead for the period is $149,315. The company is looking at the possibility of changing to an activity-based costing system for its products. If the company used an activity-based costing system, it would have the following three activity cost pools: ​ ​ Expected activity Activity cost pool Estimatedoverheadcost Toasters Blenders Total Setup costs $8585 215 batches 450 batches 665 batches Engineering costs $73,980 870 engineering 820 engineering hours 1690 engineering hrs Maintenance costs $66,750 2750 direct labor hours 1195 direct labor hours 3945 direct labor hours Total…

Becker Bikes manufactures tricycles. The company expects to sell 360 units in May and 490 units in June. Beginning and ending finished goods for May are expected to be 100 and 65 units, respectively. June's ending finished goods are expected to be 75 units. Each unit requires 3 wheels at a cost of $6 per wheel. Becker requires 20 percent of next month's material production needs on hand each month. July's production units are expected to be 460 units. Compute Becker's direct materials purchases budget with respect to wheels for May and June. Budgeted cost of wheels purchased May June

Shadee Corporation expects to sell 630 sun shades in May and 400 in June. Each shade sells for $138. Shadee’s beginning and ending finished goods inventories for May are 65 and 50 shades, respectively. Ending finished goods inventory for June will be 50 shades.   Suppose that each shade takes three direct labor hour to produce and Shadee pays its workers $12 per hour. Additionally, Shadee’s fixed manufacturing overhead is $12,000 per month, and  variable manufacturing overhead is $11 per unit produced. Required: Prepare Shadee’s direct labor budget for May and June. Prepare Shadee’s manufacturing overhead budget for May and June.

Sleep-tight manufactures mattresses for the hotel industry. it has two products, down and firm and total overhead of 474000. the company plans to manufacture 400 downy mattresses and 100 firm mattresses this year. in manufacturing the mattresses, the company must perform 600 material moves for the downy and 400 for the firm. it processes 900 purchase orders for the downy and 700 for the firm. the companys employee work 1400 direct labor hours on the downy product and 3400 on the firm. sleep tights total material handling costs are 300000 and its total purchasing costs are 174000 using abc how much overhead would be assigned to the downy product? 1. 237,0002. 277,8753. 196,1254. 335,750