ustries produces a single product at its Roosevelt facility. The product has two main inputs, metal and labor, with additional costs being included in manufacturing overhead. The plant carries neither work-in-process nor finished goods inventories. Information from the previous four quarters of production follows:     Q1 Q2 Q3 Q4 Metal input (pounds) 194,000 210,000 240,000 230,000 Labor input (hours)

Glover Company makes three products in a single facility. These products have the following unit product costs:     Product   A B C Direct materials $ 32.80 $ 49.30 $ 55.70 Direct labor   20.20   22.80   13.60 Variable manufacturing overhead   1.20   0.60   0.90 Fixed manufacturing overhead   13.50   9.10    9.70 Unit product cost $ 67.70 $ 81.80 $ 79.90     Additional data concerning these products are listed below.     Product   A B C Mixing minutes per unit   1.20   1.20   0.20 Selling price per unit $ 58.00 $ 80.40 $ 73.90 Variable selling cost per unit $ 0.60 $ 1.10 $ 2.30 Monthly demand in units   2,000   3,300   1,300     The mixing machines are potentially the constraint in the production facility. A total of 6,520 minutes are available per month on these machines. Direct labor is a variable cost in this company.   Required: a. How many minutes of mixing machine time would be required to satisfy demand for all three products? b. How much of…

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Sanditon Ltd designs and manufactures four products H, I, K and K for the manufacturing industry. Output and cost data for the period just ended are as follows:Output No. of production Material Cost Direct labour Machine hoursruns in the period per unit hours per unit per unitUnits £H 40 4 25 2 2I 70 4 30 3 6J 90 6 80 3 6K 360 8 100 4 422Direct labour cost per hour is £7. Overhead costs are as follows: £Short run variable costs 6,000Set-up costs 10,000Expediting and scheduling costs 8,000Materials Handling Costs 10,00034,000The following cost drivers have been identified:Short run Variable Costs = Production RunsSet up costs = Production RunsExpediting and Scheduling Costs = Machine HoursMaterials Handling Costs = Labour HoursN.B. Machine hours are to be used as the traditional overhead application methodRequired:a) Calculate the product cost using a Traditional and ABC approach.b) Discuss and analyse alternative methods available to businesses of allocating costs.

Blue Ridge Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. The following table presents information about estimated overhead and direct labor hours. Direct Overhead Labor Hours (dlh) $248,000 72,000 $320,000 10,000 dlh 10,000 20,000 dlh Product A Painting Dept. Finishing Dept. Totals Using a single plantwide rate, the factory overhead allocated per unit of Product B is O a. $640 O b. $496 O c. $320 C. O d. $144 16 dlh 4 Product B 4 dlh 20 dlh 16 20 dlh Ⓒ

Concord Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-1 pound plastic at $8.00 per pound Direct labor-2.00 hours at $12.15 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit Direct materials (4,480 pounds) Direct labor (8,480 hours) Variable overhead Fixed overhead The predetermined manufacturing overhead rate is $10 per direct labor hour ($20.00 +2.00). It was computed from a master manufacturing overhead budget based on normal production of 11,200 direct labor hours (5,600 units) for the month. The master budget showed total variable costs of $67,200 ($6.00 per hour) and total fixed overhead costs of $44,800 ($4.00 per hour). Actual costs for October in producing 4,300 units were as follows. Total manufacturing costs $36,288 106,424 61,918 $8.00 24.30 25,882 $230,512 12.00 8.00 $52.30 The purchasing department buys the quantities of raw materials that are expected to be…

Bramble Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-2 pound plastic at $6 per pound Direct labor-1.0 hours at $12.00 per hour Variable manufacturing overhead Fixed manufacturing overhead Total standard cost per unit Direct materials (10,330 pounds) Direct labor (5,000 hours) Variable overhead Fixed overhead Total manufacturing costs Show Transcribed Text $64,046 61.000 52.122 21,578 The predetermined manufacturing overhead rate is $14 per direct labor hour ($14.00+ 1.0). It was computed from a master manufacturing overhead budget based on normal production of 5,200 direct labor hours (5.200 units) for the month. The master budget showed total variable overhead costs of $36,400 ($7.00 per hour) and total fixed overhead costs of $36,400 ($7.00 per hour) Actual costs for October in producing 5.100 units were as follows. $198.746 Overhead volume variance Overhead controllable variance $ $12.00 12.00 $ 7.00 7.00 The…