According to the information given in the table below, which of the following is Cost of Production? Raw materials consumed Wages Factory overhead Interest expense 225000 95000 30 % of prime cost 40500 Taxes 21000 Select one: a 416000 O b.426500 Oc 452000 O d. 434000
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- QUESTION 4 An organisation manufactures a single product. The following information with regard to the raw material needed in the production process is supplied to you: Normal delivery time: 2.5 weeksMaximum delivery time: 3.5 weeksNormal usage: 52 000 units per yearPurchase price per unit: R8.50Cost of placing an order: R18.00Interest rate: 2% per yearStoring cost per unit: R2.50 Required: Calculate the EOQ. Calculate the re-order point if the organisation does not keep safety stock.Ch. 3 MG Homework Saved Help Save & Exit SubmitThe following four companies use a process cost system:Required:Treating each case independently, find the missing amount solana co. vista.co Ray Inc. Lindsay company conversion cost ? 235200 56350 ? direct labor 43000 ? 25300 13300 depreciation 2400 17400 ? 1500 manufacturing overhead 25500 143600 ? ? rent 16100 ? 10100 830 direct materials 89100 362050 39600 17050 supervisors salary 5200 19450 2700 1900 utilities ? 34200 8850 630Q1) The required engine to be product with high qulaity to be part of oilfied balatform. The production of (x engines) within the following costs details: |ExedCosts | | Variable Costs | Rents 105,000.0 Direct Insurance 9,600.0 materials 28 General Salaries 64,400.0 Labors 11 Maintenance 21,0000 Overtimes 9.9 Food costs 0.1 Revenue from selling prices per unit (59). product of (X Engine) 52 | 118 138 144 190 193 200 207 290 327 347 Required: A) Find all lines of Break Even . how the produaction reach to B.E.P. B) Plotting all details. C) If you suppose to use F.C to be 150,000 inseatd of the previous total fixed cost. Make the comparison between two obatining results (only ) on Break.Even.Points. Give your opinon on both figuers. Q2) The two projects as part of oil industrial their cash flows in tables belwo: project A:r=8% project B: r=8% year cash flow (CF) cash flow (CF) 0 -398 -242 1 120 105 2 175 105 3 280 115 Required: a) Find NPV for both project on base of r = 8%? b) Find the…
- Use the following information: Department Cost Percentage Service Provided to S1 S2 P1 P2 Service 1 (S1) $ 118,000 0% 45% 35% 20% Service 2 (S2) 50,000 20 0 20 60 Production 1 (P1) 405,000 Production 2 (P2) 276,000 Total $ 849,000 a. What percentage of S1’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) b. What percentage of S2’s costs is allocated to P1 and to P2 under the direct method? (Round your answer to the nearest fraction.) Question 2. The following information relates to a joint production process for three products, with a total joint production cost of $175,000. There are no separable processing costs for any of the three products. Product Sales Value at Split-Off Units at Split-Off 1 $ 227,500 680 2 87,500 1,020 3 35,000 1,700 $ 350,000 3,400 a. What percentage of joint cost is allocated to each of the three products using the…Cash 72000 Ending WIP 54000 Beginning WIP 85000 DM used 40000 DL used 61000 Factory overhead 50000 What will be the total manufacturing cost?Required to answer. Single choice.If you know : 1-The number of production ( B1 ) ( 3000 ) unit . 2-The number of production ( B2 ) ( 4000 ) unit . 3-Tht Common Cost ( 800 000 )D. 4-( 200 ) Loss unit , ( normal loss ) R: Distribution Com. Cost by using ( Physical measurement method
- Question No. 4: Production under Constrained Resources Glover Company makes three products in a single facility. These products have the following unit product costs:ProductABCDirect materials$35.10$51.60$58.00Direct labor22.5025.1015.90Variable manufacturing overhead2.301.701.60Fixed manufacturing overhead12.207.808.40Unit product cost$72.10$86.20$83.90Additional data concerning these products are listed below.ProductABCMixing minutes per unit1.300.800.20Selling price per unit$81.00$103.40$96.90Variable selling cost per unit$2.90$3.40$3.20Monthly demand in units310044002400The mixing machines are potentially the constraint in the production facility. A total of 7930 minutes are available per month on these machines. Direct labor is a variable cost in this company.Required : a. How many minutes of mixing machine time be required to satisfy demand for all three products?b. How much of each product should be produced to maximize net operating income?ABCOptimal productionc. Up to how much…Cost of quality and value-added/non-value-added reports for a service company A. Using the information in Exercise 17, identify the cost of quality classification for each activity and whether the activity is value-added or non-value-added. B. Prepare a cost of quality report. Assume that sales are 5,000,000. (Round percentages to one decimal place.) C. Prepare a value-added/non-value-added analysis. D. Interpret the information in (D) and (C).Q.5) Compute: i) Prime Cost ii) Factory CostMaterial = Rs. 75,000 ( 80% Direct )Labour = 100,000 ( 20 % Indirect )Conversion Cost = 180,000 (Indirect Material and Labour are included) Q.7) Compute: i) Direct Labour ii) Conversion Cost Factory Cost = Rs. 500,000Prime Cost = three-fifth of the Factory Cost.Direct Material = one-fifth of the Factory Cost.
- SM3 Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May. Standard Cost per UnitActual Cost per UnitDirect materials:Standard: 1.80 feet at $2.00 per foot$ 3.60Actual: 1.75 feet at $2.20 per foot$ 3.85Direct labor:Standard: 0.90 hours at $20.00 per hour18.00Actual: 0.95 hours at $19.40 per hour18.43Variable overhead:Standard: 0.90 hours at $6.40 per hour5.76Actual: 0.95 hours at $6.00 per hour5.70Total cost per unit$ 27.36$ 27.98Excess of actual cost over standard cost per unit$ 0.62 The production superintendent was pleased when he saw this report and commented: “This $0.62 excess cost is well within the 5 percent limit management has set for acceptable variances. It's obvious that there's not much to worry about with this product." Actual production for the month was 12,500 units. Variable overhead cost is assigned to products on the basis of direct labor-hours. There were no…Question 1: Assume the following information pertaining to Star Company: Prime costs $ 202,000 Conversion costs 235,000 Direct materials used 89,900 Beginning work in process 104,300 Ending work in process 83,800 Total manufacturing cost is calculated to be: Multiple Choice $324,900. $33,000. $112,100. $347,100. $122,900.Question # 1 Standard and the actual costs for direct materials and direct labor are given as under: Standard costs Direct materials 8,000 units at total direct material costs Rs. 40,000 Direct labor: 7,000 hours at Rs. 6 per hour Actual costs Direct materials 8,500 units at Rs. 4.5 per unit Direct labor: 6,500 hours at Rs. 6.25 per hour Required c. Entries in general journal to record the above information d. What do you realize whether the overall variation is in favorable or unfavorable?
