Homework Answers
| Req a. | ||||||
| Total Overheads: | ||||||
| Overheads related to Machine hours: | ||||||
| Utilities expenses | 3960 | |||||
| Machine depreciation and maintenance | 8910 | |||||
| Miscelleneous | 3330 | |||||
| Overheads related to Machine hours: | 16200 | |||||
| Overheads related to Material: | ||||||
| Supplies | 2770 | |||||
| Purchasing and storing material | 2468 | |||||
| Overheads related to Material: | 5238 | |||||
| OH rate: | ||||||
| Machine hour related: | ||||||
| Overheads related to Machine hours | 16200 | |||||
| Divide: Total Machine hours | 1800 | |||||
| OH rate per MH | 9 | |||||
| Material related: | ||||||
| Overheads related to Material | 5238 | |||||
| Divide: Total Direct material cost | 19400 | |||||
| OH rate as % of Direct material cost | 27% | |||||
| Overheads rate: | ||||||
| Overheads rate | ||||||
| Machine hour related | 9 | per MH | ||||
| Material related | 27 | % | ||||
| Req b: | ||||||
| Total cost and cost per unit: | ||||||
| Jerseys | Shorts | Total | ||||
| Direct Material cost | 12300 | 7100 | 19400 | |||
| Direct labour cost | 4600 | 2200 | 6800 | |||
| Overheads allocated: | ||||||
| Overheads related to MH | ||||||
| Jerseys (980 MH @ 9) | 8820 | |||||
| Shorts (820 MH @ 9 per MH) | 7380 | 16200 | ||||
| Overheads related to material | ||||||
| Jerseys (12300*27%) | 3321 | |||||
| Shorts (7100*27%) | 1917 | 5238 | ||||
| Total Cost | 29041 | 18597 | 47638 | |||
| Divide: Units Produced | 10100 | 5600 | ||||
| Cost per Unit | 2.88 | 3.32 | ||||
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Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys Shorts Total 32,00 16,00 48.00 6.eee 4.8ee 1 e.see 1.2ee7281.92e $96. eee $64, see $160.ece $32,300 $19,200 $ 52,eee $266,400 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for
youth leagues. Most of the production is done by machine. Data on
operations and costs for March follow.
Jerseys
Shorts
Total
Units produced
9,900
5,500
15,400
Machine-hours used
1,020
770
1,790
Direct labor-hours
200
140
340
Direct materials costs
$
12,200
$
7,900
$
20,100
Direct labor costs
$
4,000
$
2,800
$
6,800
Manufacturing overhead costs
$
21,493
Management asks the firm’s cost accountant to compute product
costs. The accountant...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Shorts 4,200 810 Jerseys 10,900 970 200 $11,900 $ 4,000 Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs 140 Total 15,100 1,780 340 $20,800 $ 6,500 $23, 130 58,900 $2,800 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow: Jerseys Shorts Total Units produced 9,500 5,400 14,900 Machine-hours used 980 770 1,750 Direct labor-hours 210 140 350 Direct materials costs $ 11,600 $ 8,700 $ 20,300 Direct labor costs $ 4,200 $ 2,800 $ 7,000 Manufacturing overhead costs $ 22,274 Management asks the firm’s cost accountant to compute product costs. The accountant...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Total Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys 9.100 1,010 240 $11,500 $ 4,800 5.900 830 130 $8.900 $2,600 15,000 1.840 370 $20,400 $ 7,400 $20,820 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to two...
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,360
260
1,620
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,500
5,600
Direct materials costs
$
10,000
$
4,350
$
14,350
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
205,355
Total costs
$
334,705
Tiger Furnishings’s CFO believes that a two-stage cost allocation
system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,320 400 1,720 Machine-hours 3,000 3,500 6,500 Direct labor-hours 3,500 3,400 6,900 Direct materials costs $ 10,000 $ 4,750 $ 14,750 Direct labor costs 64,500 35,500 100,000 Manufacturing overhead costs 192,600 Total costs $ 307,350 Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,140 410 1,550 Machine-hours 3,500 3,000 6,500 Direct labor-hours 3,400 3,100 6,500 Direct materials costs $ 12,000 $ 4,050 $ 16,050 Direct labor costs 62,000 53,000 115,000 Manufacturing overhead costs 204,205 Total costs $ 335,255 Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,320
320
1,640
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,200
5,300
Direct materials costs
$
16,000
$
4,050
$
20,050
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
199,085
Total costs
$
334,135
Tiger Furnishings’s CFO believes that a two-stage cost
allocation system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator....
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,080 330 1,410 Machine-hours 3,500 3,500 7,000 Direct labor-hours 3,900 3,400 7,300 Direct materials costs $ 10,000 $ 4,050 $ 14,050 Direct labor costs 63,500 56,500 120,000 Manufacturing overhead costs 208,280 Total costs $ 342,330 Tiger Furnishings’s CFO believes that a two-stage cost allocation system would give managers better cost information....
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys Shorts Total 32,00 16,00 48.00 6.eee 4.8ee 1 e.see 1.2ee7281.92e $96. eee $64, see $160.ece $32,300 $19,200 $ 52,eee $266,400 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to...
Donovan & Parents produces soccer shorts and jerseys for
youth leagues. Most of the production is done by machine. Data on
operations and costs for March follow.
Jerseys
Shorts
Total
Units produced
9,900
5,500
15,400
Machine-hours used
1,020
770
1,790
Direct labor-hours
200
140
340
Direct materials costs
$
12,200
$
7,900
$
20,100
Direct labor costs
$
4,000
$
2,800
$
6,800
Manufacturing overhead costs
$
21,493
Management asks the firm’s cost accountant to compute product
costs. The accountant...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Shorts 4,200 810 Jerseys 10,900 970 200 $11,900 $ 4,000 Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs 140 Total 15,100 1,780 340 $20,800 $ 6,500 $23, 130 58,900 $2,800 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs...
Donovan & Parents produces soccer shorts and jerseys for youth leagues. Most of the production is done by machine. Data on operations and costs for March follow. Total Units produced Machine-hours used Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Jerseys 9.100 1,010 240 $11,500 $ 4,800 5.900 830 130 $8.900 $2,600 15,000 1.840 370 $20,400 $ 7,400 $20,820 Management asks the firm's cost accountant to compute product costs. The accountant first assigns overhead costs to two...
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,360
260
1,620
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,500
5,600
Direct materials costs
$
10,000
$
4,350
$
14,350
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
205,355
Total costs
$
334,705
Tiger Furnishings’s CFO believes that a two-stage cost allocation
system would give managers better cost information....
Tiger Furnishings produces two models of cabinets for home
theater components, the Basic and the Dominator. Data on operations
and costs for March follow:
Basic
Dominator
Total
Units produced
1,320
320
1,640
Machine-hours
3,700
2,800
6,500
Direct labor-hours
3,100
2,200
5,300
Direct materials costs
$
16,000
$
4,050
$
20,050
Direct labor costs
63,500
51,500
115,000
Manufacturing overhead costs
199,085
Total costs
$
334,135
Tiger Furnishings’s CFO believes that a two-stage cost
allocation system would give managers better cost information....
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