Please answer all and show your work
Assume Gasol Company has direct labor costs of $1,096, manufacturing overhead costs of $1,457 and prime costs of $3,242. What is Gasol's direct materials cost?
-------------------------
Assume Gasol Company has direct materials cost of $2,661, direct labor costs of $1,018, manufacturing overhead costs of $1,362. What is Gasol's prime cost?
------------------------
Leonard, Inc., which uses a volume-based cost system, produces cat condos that sell for $104 each. Direct materials cost $11 per unit, and direct labor costs $23 per unit. Manufacturing overhead is applied at a rate of 180% of direct labor cost. Nonmanufacturing costs are $18 per unit. What is the gross profit per unit for the cat condos? (Round your answer nearest whole dollar.)
this is the question as it is posted.
----------------------
Job 101 has a direct materials cost of $1,100 and a total manufacturing cost of $2,600. Overhead is applied to jobs at a rate of 100 percent of direct labor cost.
What is the direct labor cost?
-----------------------
a) Direct material cost = Prime cost-Direct labor = 3242-1096 = 2146
b) Prime cost = Direct material+Direct labor = 2661+1018 = 3679
c) Gross profit per unit = 104-(11+23+23*1.8) = 28.60
d) Direct labor cost =
Direct labor and overhead = 2600-1100 = 1500
Direct labor = 1500/2 = 750
Please answer all and show your work Assume Gasol Company has direct labor costs of $1,096,...
Assume Gasol Company has direct labor costs of $1,096, manufacturing overhead costs of $1,457 and prime costs of $3,242. What is Gasol's direct materials cost? =========== Assume Gasol Company has direct materials cost of $2,661, direct labor costs of $1,018, manufacturing overhead costs of $1,362. What is Gasol's prime cost? ============= Leonard, Inc., which uses a volume-based cost system, produces cat condos that sell for $104 each. Direct materials cost $11 per unit, and direct labor costs $23 per unit....
PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK! Job 101 has a direct materials cost of $800 and a total manufacturing cost of $3,000. Overhead is applied to jobs at a rate of 150 percent of direct labor cost. What is the prime cost? ------------------- Leonard Company has the following costs in its manufacturing company Factory rent $3,963 Direct labor 5,790 Indirect materials 584 Direct materials used 6,557 Sales commissions 2,630 Factory manager’s salary 2,951 Advertising 642 What are Leonard...
11. Kawhi, Inc., which uses a volume-based cost system, produces cat condos, and has a gross profit margin of 57%. Direct materials cost $19 per unit, and direct labor costs $15 per unit. Manufacturing overhead is applied at a rate of 174% of direct labor cost. Nonmanufacturing costs are $12 per unit. How much does each cat condo sell for?
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $170 each. Direct materials cost $25 per unit, and direct labor costs $13 per unit. Manufacturing overhead is applied at a rate of 270% of direct labor cost. Nonmanufacturing costs are $32 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.)
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $145 each. Direct materials cost $17 per unit, and direct labor costs $12 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing costs are $35 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.) Multiple Choice
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $100 each. Direct materials cost $18 per unit, and direct labor costs $14 per unit. Manufacturing overhead is applied at a rate of 150% of direct labor cost. Nonmanufacturing costs are $36 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar) Multiple Choice 11.0% 71.5% 470% 89.0%
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $90 each. Direct materials cost $15 per unit, and direct labor costs $10 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing cost per cat condo is $27. What is the total product cost for one cat condo?
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $170 each. Direct materials cost $20 per unit, and direct labor costs $13 per unit. Manufacturing overhead is applied at a rate of 200% of direct labor cost. Nonmanufacturing costs are $37 per unit. What is the gross profit margin for the cat condos? (Round your intermediate calculations to nearest whole dollar.) Multiple Choice 65.3% 39.0% Oo oo 56.5% 43.5%
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $160 each Direct materials cost $21 per unit, and direct labor costs $98 per unit Manufacturing overhead is applied at a rate of 150% of direct labor cost. Nonmanufacturing costs are $34 per unit What is the gross profit margin for the cat condos? (found your intermediate calculations to nearest whole della Maple Choice o 375 o о 58 BN O 450 O 6253
1-The sum of all manufacturing costs except for direct materials and direct labor is called manufacturing overhead. a) True b) False 2- If the fixed cost per unit is $15 and the variable cost per unit is $0.5, and the units produced are 10,000 units. Then what is the total cost if the units produced are 20,000? a)$160,000 b)$150,000 c)$310,000 d)$155,000 3- Conversion cost equals product cost less direct materials cost. a) True b) False 4- During the month of...