Titan Sports Inc. manufactures athletic gear. The managers are planning for next year and want to understand the relationship between activity and overhead costs. Discussions with the plant supervisor suggest that overhead costs vary with labor hours, machine hours, or both. The following data were collected from last year's operations. Month Labor Hours Machine Hours Overhead Costs ($) 820 1,420 105,680 2 790 1,512 111,740 3 765 1,645 118,850 4 850 1,590 116,230 5 900 1,725 126,500 6 875 1,708 124,320 7 860 1,500 112,560 00 8 815 1,380 106,410 9 810 1,560 113,970 10 920 1,680 122,050 11 770 1,350 102,380 12 785 1,750 120,210

Please use the information from this problem for these calculations. After grouping cost pools and estimating overhead and activities, Box Springs determined these rates: It estimates there will be five orders in the next year, and those jobs will involve: What is the total cost of the jobs?

Ripley, Inc., costs products using a normal costing system. The following data are available for last year: Overhead is applied on the basis of direct labor hours. Required: 1. What was the predetermined overhead rate? 2. What was the applied overhead for last year? 3. Was overhead over- or underapplied, and by how much? 4. What was the total cost per unit produced (carry your answer to four significant digits)?

Nutts management is very concerned about the cost of overhead on its jobs. When jobs are complete, overhead costs should be between 15% and 20% of total costs. For example, the labor cost on Job 8958 is 25% of total costs, higher than the norm. Open Job 8961 and click the Chart sheet tab. A pie chart appears showing the cost components on that job. Record the labor cost percentage in the space provided. Repeat this for each of the jobs worked on in August. Did Nutt maintain good cost control on all its jobs? Explain. Worksheet. During September, Job 8963 required two additional material requisitions to complete the job. Open JOB8963 and modify the job cost sheet to include an area for four direct material requisition entries instead of three. Then enter the following two materials requisitions onto the worksheet: Preview the printout to make sure it will print neatly on one page, and then print the worksheet. Save the completed worksheet as JOBT. Chart. Open JOB8964 and click the Chart sheet tab. Prepare a bar chart for JOB8964 showing the amount of material, labor, and overhead required to complete the job. Use the Chart Data Table found in rows 4246 as a basis for preparing the chart. Enter your name somewhere on the chart. Save the file again as J0B8964. Print the chart.

Natur-Gro, Inc., manufactures composters. Based on past experience, Natur-Gro has found that its total annual overhead costs can be represented by the following formula: Overhead cost = 264,000 + 1.42X, where X equals number of composters. Last year, Natur-Gro produced 30,000 composters. Actual overhead costs for the year were as expected. Total overhead for per unit was a. 1.42 b. 8.80 c. 11.63 d. 10.22

Hicks Contracting collects and analyzes cost data in order to track the cost of installing decks on new home construction jobs. The following are some of the costs that they incur. Classify these costs as fixed or variable costs and as product or period costs. Lumber used to construct decks ($12.00 per square foot) Carpenter labor used to construct decks ($10 per hour) Construction supervisor salary ($45,000 per year) Depreciation on tools and equipment ($6,000 per year) Selling and administrative expenses ($35,000 per year) Rent on corporate office space ($34,000 per year) Nails, glue, and other materials required to construct deck (varies per job)

Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation between activity and overhead costs. Discussions with the plant supervisor suggest that overhead seems to vary with labor-hours, machine-hours, or both. The following data were collected from last year's operations.    Month Labor-Hours Machine-Hours Overhead Costs 1   725     1,349   $ 102,630   2   720     1,404     103,742   3   685     1,517     109,818   4   750     1,459     108,368   5   770     1,589     116,290   6   745     1,583     114,521   7   735     1,396     107,079   8   720     1,307     102,082   9   715     1,463     106,471   10   790     1,538     113,065   11   675     1,298     103,776   12   720     1,608     116,796       Required: a. Use the high-low method to estimate the fixed and variable portions of overhead costs based on machine-hours. b. Managers expect the plant to operate at a monthly average…

Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation between activity and overhead costs. Discussions with the plant supervisor suggest that overhead seems to vary with labor hours, machine hours, or both. The following data were collected from last year’s operations.   Month               Labor-Hours                Machine-Hours                   Overhead costs    1                             720                              1,355                                   $  102,644    2                             720                              1,411                                        103,842    3                             675                              1,527                                        109,938    4                             750                                1,462                                        108,297   5                              785                              1,582…

Adirana corporation manufacturers football equipment please give me answer accounting

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