10 lbs. @ $4 per Ibs. Produced 4,1 3 hrs. @ $21 perhr. Materials purchased 51 Etion 3,620 units 42 pasn s
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Unit VIII question 3 part b
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- Communication Jamarcus Bradshaw, plant, manager of Georgia Paper Company's papermaking mill, was looking over the cost of production reports for July and August for the Papermaking Department. The reports revealed the following: July August Pulp and chemicals 295,600 304,100 Conversion cost 146,000 149,600 Total cost 441,600 453,700 Number of tons + 1,200 + 1,130 Cost per ton 368 401.50 Jamarcus was concerned about the increased cost per ton from the output of the department. As a result, he asked the plant controller to perform a study to help explain these results. The controller, Leann Brunswick, began the analysis by performing some interviews of key plant personnel in order to understand what the problem might be. Excerpts from an interview with Len Tyson, a paper machine operator, follow: Len: We have two papermaking machines in the department I have no data, but I think paper machine No. 1 is applying too much pulp and, thus, is wasting both conversion and materials resources. We haven't had repairs on paper machine No. 1 in a while. Maybe this is the problem. Leann. How does too much pulp result i n wasted resources? Len: Well, you see, if too much pulp is applied, then we will waste pulp material. The customer will not pay for the extra product we just use more material to make the product. Also, when there is too much pulp, the machine must be slowed down in order to complete the drying process. This results in additional conversion costs. Leann: Do you have any other suspicions? Len: Well, as you know, we have two productsgreen pa per and yellow pa per. They are identical except for the color. The color is added to the papermaking process in the paper machine. I think that during August these two color papers have been behaving differently. I don't have any data, but it seems as though the amount of waste associated with the green paper has increased. Leann. Why is this? Len: I understand that there has been a change in specifications for the green paper, starting near the beginning of August This change could be causing the machines to run poorly when making green paper. If that is the case, the cost per ton would increase for green paper. Leann also asked for a database printout providing greater detail on August's operating results. September 9 Requested by: Leann Brunswick Papermaking DepartmentAugust detail Prior to preparing a report, Leann resigned from Georgia Paper Company to start her own business. You have been asked to lake the data that Leann collected and write a memo to Jamarcus Bradshaw with a recommendation to management. Your memo should include analysis of the August data to determine whether the paper machine or the paper color explains the increase in the unit cost from July. Include any supporting schedules that are appropriate. Round all calculations to the nearest cent.problem 5 Marites Company employs standard absorption system for product costing. The standard cost of this product is as follows: Raw Materials – P14.50; Direct Labor for 2 hours @ P8/hr is P16; Manufacturing overhead for 2 hours @ P11/hr is P22. The total cost/unit (14.50+16+22) = P52.50. The manufacturing overhead rate is based upon normal annual activity level of 600,000 direct labor hours. The company planned to produce 25,000 units each month during 2020. Budgeted factory overhead for 2020 is composed of P3,600,000 variable and P3,000,000 fixed. During April 2021, 26,000 units of product were produced using 53,500 direct labor hours at a cost of P433,350. Actual manufacturing overhead for the month was P260,000 fixed and P315,000 variable. The total manufacturing overhead applied during April was P572,000. The variable overhead spending variance must be:3 9 12 15 1 18 For 2021, Peter Manufacturing uses machine-hours as the only overhead cost- allocation base. The estimated manufacturing overhead costs are $300,000, and estimated machine hours are 50,000. The actual manufacturing overhead costs are $420,000 and actual machine hours are 60,000. Using job costing, the 2021 budgeted manufacturing overhead rate is (Round the final answer to the nearest cent.) ○ A) $6.00 per machine-hour B) $7.00 per machine-hour OC) $8.40 per machine-hour D) $5.00 per machine-hour
- roblem 12 (10 points)Compute the Cost of Goods Sold for 2020 of Pillows Company considering the following information: Raw materials purchased was P2,500,000 with freight-in of P120,000 Purchase returns was P50,000 and purchase discount is 60% of purchase returns Raw materials beginning was P460,000 Raw materials end was P40,000 more than the beginning inventory Direct labor is P1,000,000 Factory overhead is 50% of direct labor Total goods placed in process is 150% of manufacturing cost WIP, end is 75% of WIP, beg Finished goods beginning balance is lesser by P100,000 than the ending balance which was P600,00040- ABC production company calculates production costs according to the phase cost system. The information of the business for the period of June 2021 is as follows: According to the information given above, what is the total cost of the period-end semi-finished products for the period? a) 3,574.000 TL B) 2,806,000 TL NS) 110,400 TL D) 768,000 TL TO) 456,000 TL