Winterfield, LLC manufactures only one product. The direct materials standard calls for 5 pounds of direct material per unit. The standard for direct material cost per pound is $10. A computer error has wiped out the records for the direct labor standards but the following information is found for the month of October:     Number of units produced 825 Cost of actual direct materials purchased and used $ 38,400.00 Actual direct labor hours used 1,525 Actual direct labor cost incurred $ 20,587.00 Materials price variance—favorable $ 1,200.00 Labor efficiency variance—unfavorable $ 325.00 Total labor variance—unfavorable $ 1,087.50   Calculate the number of pounds of direct materials purchased and used during October. Select one: a. 3,795 lbs.  b. 4,125 lbs.  c. 3,960 lbs.  d. 3,975 lbs.  e. 4,075 lbs.

Strait Co. manufactures office furniture. During the most productive month of the year, 3,100 desks were manufactured at a total cost of $82,600. In the month of lowest production, the company made 1,160 desks at a cost of $58,100. Using the high-low method of cost estimation, total fixed costs are

Bailey Company manufacturers and sells one product for $39 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Bailey Company produces and sells 24,000 units, its unit costs are as follows: Amount per UnitDirect materials $ 10.00Direct labor $ 6.00Variable manufacturing overhead $ 2.00Fixed manufacturing overhead $ 7.00Fixed selling expense $ 3.75Fixed administrative expense $ 2.25Sales commissions $ 4.50Variable administrative expense $ 1.50   I NEED HELP WITH QUESTIONS 1A-2A

completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $29,800 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.90 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: Estimated total machine-hours used Estimated total fixed manufacturing overhead Molding Fabrication 2,500 1,500 $ 16,800 $ 3.40 $ 13,000 $ 2.60 Estimated variable manufacturing overhead per machine-hour The direct materials cost, direct labor cost, and…

Bailey Company manufacturers and sells one product for $39 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Bailey Company produces and sells 24,000 units, its unit costs are as follows: Amount per UnitDirect materials $ 10.00Direct labor $ 6.00Variable manufacturing overhead $ 2.00Fixed manufacturing overhead $ 7.00Fixed selling expense $ 3.75Fixed administrative expense $ 2.25Sales commissions $ 4.50Variable administrative expense $ 1.50   I NEED HELP WITH QUESTIONS 2B-3B

rane makes Halloween costumes. The company incurred the following total costs to produce 30,700 costumes. Direct materials   $235,000 Direct labor   164,000 Variable overhead   21,590 Fixed overhead   119,730 (a) Under the absorption costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 21,900 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to 0 decimal places, e.g. 5,275.) Average unit product cost   $enter a dollar amount rounded to 2 decimal places Product cost   $enter a dollar amount rounded to 0 decimal places (b) Under the variable costing method, what is the average unit product cost? Using this method, how much product cost would be recorded on the income statement if 21,900 units were sold? (Round per unit to 3 decimal places, e.g. 15.256 and product cost to 0 decimal places, e.g. 5,275.) Average unit product cost…

Osage, Inc., manufactures and sells lamps. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month: Master Bu (based on bu Actual (based on actual orders for 450,000 units) orders for 4 units) Sales revenue $4,974,000 $4,800,01 Less Variable costs Materials 1,536,000 244,000 579,100 420,000 $2,779,100 $2,194,900 1,536,01 312,00 528,01 432,00 Direct labor Variable overhead Variable marketing and administrative Total variable costs Contribution margin $2,808,00 $1,992,00 Less Fixed costs 883,100 289,000 197,000 $1,369,100 $ 825,800 Manufacturing overhead Marketing 855,01 289,00 176,00 $1,320,00 $ 672,00 Administrative Total fixed costs Operating profits Required: Prepare a flexible budget for Osage, Inc. (Do not round intermediate calculations.) OSAGE, INC. Flexible Budget Sales revenue Variable costs: Materials Direct labor Variable overhead Variable marketing and administrative Total variable…

Joplin Corporation produces syrups that it sells to candy makers. On November 1, it had no work-in-process inventory. It started production of 45,900 gallons of syrup in November and completed production of 44,000 gallons. The costs of the resources used by Joplin in November consist of the following:    Materials $ 67,578 Conversion costs (labor and overhead)   54,300   Required: The production supervisor estimates that the ending work-in-process is 60 percent complete on November 30. Compute the cost of syrup completed and the cost of the syrup in work-in-process ending inventory as of November 30. (Do not round intermediate calculations.)   Cost of syrup completed   Work-in-process ending inventory

Bowen Company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. Its predetermined overhead rate includes $1,000,000 of fixed overhead in the numerator and 50,000 direct labor-hours in the denominator. The company purchased (with cash) and used 55,000 yards of raw materials at a cost of $11.50 per yard. Its direct laborers worked 20,850 hours and were paid a total of $291,700. The company started and completed 9,800 units of finished goods during the period. Bowen’s standard cost card for its only product is as follows:   Inputs (1)Standard Quantity or Hours (2)StandardPriceor Rate StandardCost(1) × (2) Direct materials 4.7 yards $ 18.50 per yard $ 86.95 Direct labor 4.1 hours $ 14.00 per hour   57.40 Fixed manufacturing overhead 4.1 hours $ 20.00 per hour   82.00 Total standard cost per unit           $ 226.35     Required: 1. When recording the raw material purchases: a. The Raw Materials inventory…

Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced Variable costs per unit: 9,700 Direct materials $ 121 Direct labor 2$ 105 Variable manufacturing overhead Variable selling and administrative expense $ $ 13 Fixed costs: Fixed manufacturing overhead $349, 200 Fixed selling and administrative expense $727,500 There were no beginning or ending inventories. The absorption costing unit product cost was: Multiple Cholce $226 per unlt O $268 per unit $232 per unit $356 per unlt