Bonita Industries expects direct materials cost of $5 per unit for 200000 units (a total of...
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Homework Answers
The correct answer is
Standard Budgeted
$ 5 per unit $ 1000000 per year
Explanation
Standard cost means cost per unit and budgeted cost is cost at given level of output. So standard cost is $ 5 per unit and budgeted cost is $1000000 per year
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Bonita Industries expects direct materials cost of $5 per unit
for 200000 units (a total of...
Bonita Industries produces 1000 units of a necessary component with the following costs: Direct Materials $33000...
Bonita Industries produces 1000 units of a necessary component with the following costs: Direct Materials $33000 Direct Labor 14000 Variable Overhead 12000 Fixed Overhead 10000 Bonita Industries could avoid $6000 in fixed overhead costs if it acquires the components externally. If cost minimization is the major consideration and the company would prefer to buy the components, what is the maximum external price that Bonita Industries would accept to acquire the 1000 units externally?
Bonita Industries reported total manufacturing costs of $650000, manufacturing overhead totaling $88000, and direct materials totaling...
Bonita Industries reported total manufacturing costs of $650000, manufacturing overhead totaling $88000, and direct materials totaling $106000. How much is direct labor cost? $544000. $456000. $844000. Can not be determined from the information provided.
Q1. At a production level of 5,000 units, the budgeted product cost per unit is: Direct...
Q1. At a production level of 5,000 units, the budgeted product cost per unit is: Direct materials $30 Direct labour $10 Fixed factory overhead $6 Variable factory overhead $4 Total $50 Required: Calculate the following budgeted per unit costs if expected productionis 8,000 units: Prime cost. Conversion cost.
Full capacity in units Current capacity in units Direct materials cost per unit Direct materials cost...
Full capacity in units Current capacity in units Direct materials cost per unit Direct materials cost per unit Manufacturing overhead per unit (variable) Total manufacturing overhead (Fixed) Total selling expenses Total general and administrative expenses Normal selling price per unit 200,000 150,000 $6.00 $4.00 $2.00 $300,000 $100,000 $200,000 $40.00 Using the information shown above, provide the cost formula. If a company produces 10,000 units and sells 8,000 units during the period, which method of computing operating income (absorption or variable)...
Sunland Industries has equivalent units of 7600 for materials and for conversion costs. Total manufacturing costs...
Sunland Industries has equivalent units of 7600 for materials and for conversion costs. Total manufacturing costs are $132760. Total materials costs are $94000. How much is the conversion cost per unit? $12.37. $5.10. $29.84 $17.47 In Bonita, Inc., the Assembly Department started 59700 units and completed 70200 units. If beginning work in process was 30300 units, how many units are in ending work in process? 0. 19800 10500 39900.
) A company provided the following direct materials cost information. Compute the total direct materials cost variance....
) A company provided the following direct materials cost information. Compute the total direct materials cost variance. Standard costs assigned: Direct materials standard cost (205,000 units @ $1.00/unit) $ 405,000 Actual costs: Direct Materials costs incurred (203,750 units @ $1.10/unit) $ 444,125 Enter your answer here: (Tip: be familiar with whether your numeric answer is either favorable or unfavorable) 4) A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
Direct materials cost $10 per unit, direct labour is $7 per unit, and overhead cost is...
Direct materials cost $10 per unit, direct labour is $7 per unit, and overhead cost is applied at 130% of direct labour costs. The 6,000 units of beginning goods in progress were 100% complete as to materials, and 50% complete as to labour and overhead. The total production costs of the current period assigned to the beginning units is : a. $96,600 b. $48,300 c. $73,400 d. $54,300
Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for Octo...
Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Quantity of direct materials used 4,900 lbs. Actual unit price of direct materials $4.30 per lb. Units of finished product manufactured 2,350 units Standard direct materials per unit of finished product 2 lbs. Direct materials quantity variance—unfavorable $880 Direct materials price variance—favorable...
Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials...
Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: 7,100 lbs. Quantity of direct materials used Actual unit price of direct materials $3.80 per lb. 3,410 units Units of finished product manufactured 2 lbs Standard direct materials per unit of finished product Direct materials quantity variance-unfavorable $1,092 Direct materials price variance-favorable...
Bonita Industries reported total manufacturing costs of $650000, manufacturing overhead totaling $88000, and direct materials totaling $106000. How much is direct labor cost? $544000. $456000. $844000. Can not be determined from the information provided.
Full capacity in units Current capacity in units Direct materials cost per unit Direct materials cost per unit Manufacturing overhead per unit (variable) Total manufacturing overhead (Fixed) Total selling expenses Total general and administrative expenses Normal selling price per unit 200,000 150,000 $6.00 $4.00 $2.00 $300,000 $100,000 $200,000 $40.00 Using the information shown above, provide the cost formula. If a company produces 10,000 units and sells 8,000 units during the period, which method of computing operating income (absorption or variable)...
Sunland Industries has equivalent units of 7600 for materials and for conversion costs. Total manufacturing costs are $132760. Total materials costs are $94000. How much is the conversion cost per unit? $12.37. $5.10. $29.84 $17.47 In Bonita, Inc., the Assembly Department started 59700 units and completed 70200 units. If beginning work in process was 30300 units, how many units are in ending work in process? 0. 19800 10500 39900.
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: 7,100 lbs. Quantity of direct materials used Actual unit price of direct materials $3.80 per lb. 3,410 units Units of finished product manufactured 2 lbs Standard direct materials per unit of finished product Direct materials quantity variance-unfavorable $1,092 Direct materials price variance-favorable...
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