The following are Margin Company's production costs for December: $ 106,000 96,000 2,000 Direct Materials Direct Labor Factory Overhead What amount of costs should be traced to specific products in the production process? (CPA adapted) Multiple Choice O $96,000 O $204,000 O $106,000 $202,000
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- Moratti Inc. has computed the following unit costs for the year just ended: • Direct material used • Direct labor • Variable manufacturing overhead • Fixed manufacturing overhead • Variable selling and administrative cost • Fixed selling and administrative cost $15 21 28 32 13 18 Under absorption costing, the product cost per unit will be: О а. 64$ O b. 96$ О с. 77$ O d. 127$The following standard costs pertain to a component part manufactured by Ashby Company:Direct materials$2Direct labour5Manufacturing overhead 20 Standard cost per unit $27The company can purchase the part from an outside supplier for $25 per unit. The manufacturing overhead is 60% fixed and this fixed portion would not be affected by this decision. Assume that direct labour is an avoidable cost in this decision. What is the relevant amount of the standard cost per unit to be considered in a decision of whether to make the part internally or buy it from the external supplier?Unit costs associated with the sale of a product AA101: Direct Materials, P230 Direct labor, P120 Manufacturing support costs, P460 Sales staff salaries, P190Direct costs per unit of AA101 area. P540b. P580c. P350d. P310
- A Cothing Manufacturing Company provides the following unit costs associated with one of its products: Direct materials. Direct manufacturing labor Variable manufacturing overhead Fixed manufacturing overhead Operating costs Total $160 50 55 32 30 $327 What are the period costs per unit associated with the Product? O A $30 O B. $33 OC. $100 O D. $17Q-1: The Hum co. has decided to distribute the costs of service departments by the algebraic method. The producing department A and B the service departments X and Y and the monthly data are: Actual factory overhead Cost before distribution Rs Service provided by Y 50% 84,000 58,000 20,000 17,600 A 40% 50 30 20 Y. 10 Required: Total factory overhead of producing department after distribution of service department cost. Department A predetermined overhead rate is based on direct labor hours. The total rate is Rs3, 40% of which fixed. Fixed overhead budgeted is Rs 46,000. The Actual direct labor hours for the month were 34,000. Compute spending and idle capacity variances for department A.Problem 7-16 (Algo) Comparing Traditional and Activity-Based Product Margins [LO7-1, L07-3, LO7-4, LO7-5] Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek Manufacturing Inc. Income Statement $ 1,657,500 1,224,620 432,880 620,000 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating loss $4 (187,120) Hi-Tek produced and sold 60,500 units of B3o0 at a price of $19 per unit and 12,700 units of T500 at a price of $40 per unit. The company's traditional cost system allocates manufacturing overhead to products using a plantwide overhead rate and direct labor dollars as the allocation base. Additional information relating to the company's two product lines is shown below: в300 T500 Total Direct materials $ 400,600 $ 120,400 $ 162,700 $ 42,000 563,300 162,400 498,920 Direct labor Manufacturing overhead Cost of goods sold $…
- Learned Corporation has provided the following information: Direct materials. Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions a. Total product cost b. Total period cost Cost per Unit Cost per Period $ 5.80 $ 4.00 $ 1.60 c. Contribution margin per unit d. Total direct manufacturing cost e. Total indirect manufacturing cost $ 0.70 $ 0.60 Variable administrative expense Fixed selling and administrative expense Required: a. For financial reporting purposes, what is the total amount of product costs incurred to make 6,000 units? b. For financial reporting purposes, what is the total amount of period costs incurred to sell 6,000 units? c. If the selling price is $23.30 per unit, what is the contribution margin per unit sold? Note: Round your answer to 2 decimal places. d. If 7,000 units are produced, what is the total amount of direct manufacturing cost incurred? e. If 7,000 units are produced, what is the total amount of indirect manufacturing…The East Company manufactures several different products. Unit costs associated with Product ORD210 are as follows: Direct materials $54Direct manufacturing labor 8Variable manufacturing overhead 11Fixed manufacturing overhead 25 Sales commissions (2% of sales) 5Administrative salaries 12Total$115What are the period costs per unit associated with Product ORD203 ? Oa. $120 b. $50 c. $17© d $18Pedregon Corporation has provided the following information: Variable manufacturing overhead Fixed manufacturing overhead O $5.70 $8.15 Sales commissions Varlable administrative expense Fixed selling and administrative expense $5,000 If the selling price is $21.60 per unit, the contribution margin per unit sold is closest to: O $3.90 Direct materials Direct labor O $10.70 * Previous Cost per Unit Cost per Period $7.10 $ 3.80 $1.35 $14,000 $0.55 $0.65
- ABC Company makes products A and B. It uses an ABC system with two cost pools. Cost Pool "Labor- related" "Production setups" $15,000 $17,000 $20,000 Total cost in cost pool $30,000 $12,000 12 $18,000 not enough information Compute allocated fixed costs for product A. Activity level (# cost driver units) 712 A B 4,000 DL$ DL$ 2,000 Total 6,000 DL$ 600 600 1,200 setups setups setupsSchwiesow Corporation has provided the following information: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Sales commissions Multiple Choice Variable administrative expense Fixed selling and administrative expense If 6,000 units are produced, the total amount of direct manufacturing cost incurred O O $73,200 $69,300 $86,400 Cost per Unit $ 7.05 $ 3.50 $ 1.65 $63,300 $ 1.00 $ 0.40 Cost per Period $ 11,000 $ 5,500 closest to:Direct materials Direct labor Variable factory overhead Fixed manufacturing overhead Fixed non-manufacturing overhead Purchase price of 18,000 monitors Differential cost to make: Direct materials Direct labor Total cost of producing 18,000 monitors $ 2,160,000 1,224,000 630,000 504,000 756,000 $ 5,274,000 Overhead Make or Buy Decisions Differential Analysis Report Unit cost You are asked to look over the intern's estimate before the information is shared with members of management them. The company's controller believes that the estimate may be incorrect because it includes costs that are n force currently employed in producing the monitors will be terminated and there would be no termination costs to suppliers to purchase materials, so all materials would need to be purchased to make the monitors. Variable manufacturing overhead costs would be reduced by $55,000, but non-manufacturing costs would remain the sa Fill in the differential analysis. Differential income (loss) from making…