Las Palmeras produce beach umbrellas. Listed below are various costs incurred during the month of June. Direct Materials $ 20,000 Indirect materials $ 5,000 Direct labor $ 30,000 Indirect labor $ 10,000 Vendor Commissions $ 25,000 Other indirect manufacturing costs $ 15,000 Taxes paid for operating income $ 30,000 Determine the cost per unit if the company manufactured 100,000 units
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9. Las Palmeras produce beach umbrellas. Listed below are various costs incurred during the month of June. Direct Materials $ 20,000 Indirect materials $ 5,000 Direct labor $ 30,000 Indirect labor $ 10,000 Vendor Commissions $ 25,000 Other indirect
Determine the cost per unit if the company manufactured 100,000 units
| Compute the total manufacturing costs: | |
| Direct material | $20,000 |
| Indirect material | $5,000 |
| Direct labor | $30,000 |
| Indirect labor | $10,000 |
| Vendor commissions | $25,000 |
| Indirect manufacturing costs | $15,000 |
| Total manufacturing costs | $105,000 |
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- Wyandotte Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 256,900, direct labor cost was 176,000, and overhead cost was 308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 6.62 is direct materials and 7.71 is overhead. What is the prime cost per unit? Conversion cost per unit?Example Ltd is a manufacturer. It produced 2,000 units in April. The following cost information is available: Advertising costs: $6,000 per month Depreciation on factory equipment: $3,000 per month Factory supervisor salary: $20,000 per month Metal used in the product: $10 per unit Research and development: $8,000 per month Wages of manufacturing equipment operators: $8 per unit Assume any materials used in production is direct material. What is the total conversion costs for Example Ltd in April? 39,000 36,000 20,000 14,000Simplex Company has the following estimated costs for next year: Direct materials $15,000 Direct labor $55,000 Sales commissions $75,000 Salary of production supervisor $35,000 Indirect materials $5,000 Advertising expense $11,000 Rent of factory equipment $16,000 Simplex estimates that 10,000 direct labor and 16,000 machine-hours will be worked during the year. If overhead in applied on the basis of machine hours, the overhead rate per hour will be:
- Wyckam Manufacturing Incorporated provided the following cost formulas for its manufacturing costs: Direct materials Direct labor Supplies Utilities Depreciation Insurance Fixed Cost Cost per per Month Machine-Hour $ 5.40 $ 42,900 $ 0.20 $ 1,700 $ 0.20 $ 14,700 $ 11,800 For example, utilities should be $1,700 per month plus $0.20 per machine-hour. The company expects to work 4,000 machine-hours in June. Note the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Budgeted machine-hours Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0The ABC company has the following estimated costs for the next year: Direct materials: $15,000 Indirect materials: $5,000 Direct labor: $55,000 Salary of production supervisor: $35,000 Rent on factory equipment: $16,000 Sales commission: $75,000 Advertising expenses: $11,000 It is estimated that 53,000 machine hours and 8,000 direct labor hours will be worked during the next year. What will be the predetermined overhead rate if company applies manufacturing overhead cost to jobs on the basis of direct labor hours. Select one: a. $14 b. $17 C. $7 d. $15 23°C uaoABC Corporation has the following estimated cost information for the upcoming year: a. Direct materials $100,000. b. Indirect Materials: $20,000. c. Direct labor: $150,000. d. Indirect labor: $70,000. e. Other MOH: $50,000. f. Sales commissions: $25,000. g. Advertising expense: $51,000. h. Rent on factory building: $35,000. i. Rent on office building: $40,000. The company estimated that 10,500 machine hours and 20,000 direct labor hours will be worked during the upcoming year. The company uses direct labor hours as the allocation base. What is the POHR rate for the company?
- Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Direct materials Direct labor Supplies Utilities Depreciation Insurance Fixed Cost per Month $ 42,100 $ 1,200 $ 14,600 $ 11,400 For example, utilities should be $1,200 per month plus $0.25 per machine-hour. The company expects to work 4,000 machine- hours in June. Note that the company's direct labor is a fixed cost. Direct materials Direct labor Cost per Machine- Hour $ 5.50 Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0.30 $ 0.25Sharp Company manufactures a product with the following standards: Standard Quantity or Hours Standard Price or Rate Standard Cost Direct materials 3 feet $ 5 per foot $ 15 Direct labor ?question mark hours ?question mark per hour ?question mark During March, the company purchased direct materials for $52,740, all of which were used in the production of 2,750 units. In addition, 4,500 direct labor-hours were worked on the product during the month. The cost of this labor time was $40,500. The following variances have been computed for the month: Materials quantity variance $ 2,700 U Labor spending variance $ 3,100 U Labor efficiency variance $ 850 U Required: For direct materials: Compute the actual cost per foot of materials for March. Compute the price variance and the spending variance. For direct labor: Compute the standard direct labor rate per hour. Compute the standard hours allowed for the month’s production. Compute the standard hours allowed per…Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials: $100,000 Direct labor: $75,000 Electricity used in the Factory: $25,000 Factory foreperson salary: $3,750 Maintenance of factory machinery: $2,000 Alton Company's total product costs is: A. $175,000. B. $30,750. C. $205,750. D. $28,750.
- Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Direct materials Direct labor $ 42,600 Supplies Utilities Depreciation Insurance $ 1,800 $ 14,600 $ 11,400 Required: Cost per Machine-Hour $ 5.40 $0.30 $ 0.10 For example, utilities should be $1,800 per month plus $0.10 per machine-hour. The company expects to work 4,100 machine-hours in June. Note that the company's direct labor is a fixed cost. Complete the company's planning budget for manufacturing costs for June.Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: Cost per Machine- Hour $ 4.25 Direct materials Direct labor Supplies Utilities Depreciation Insurance Fixed Cost per Month $ 36,800 $ 1,400 $ 16,700 $ 12,700 For example, utilities should be $1,400 per month plus $0.05 per machine-hour. The company expects to work 5,000 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Prepare the company's planning budget for June. Wyckam Manufacturing Incorporated Planning Budget for Manufacturing Costs For the Month Ended June 30 Budgeted machine-hours Direct materials Direct labor Supplies Utilities Depreciation Insurance Total manufacturing cost $ 0.30 $ 0.05 $ $ 36,000 16,000 1,500 1,650 16,700 1,200 73,050Closet Links Clothing Company provided the following manufacturing costs for the month of June. Direct labor cost $136,000 Direct materials cost 90,000 Equipment depreciation (straight−line) 24,000 Factory insurance 15,000 Factory manager's salary 10,600 Janitor's salary 3,000 Packaging costs 18,200 Property taxes 14,000 From the above information, calculate Closet Link's total variable costs. A. $66,600 B. $226,000 C. $244,200 D.