pany makes 420 units of product YBY a year, requiring a total of 460 machine-hours, 80 orders, and 10 inspection-hours per year. The product's direct materials cost is $48.96 per unit and its direct labor cost is $25.36 per unit According to the activity-based costing system, the average cost of product YBY is closest to a. per unit $ 94.26 b. per unit $93.99 c. per unit $ 94.00 d.None of the given answer is correct e. per unit $ 95.7

Q: XYZ has provided the following data from its activity-based costing system: Activity Cost Pool Total…

A: Activity rate = Total cost / Total activity Assembly = $228060/18000 = $12.67 per machine hour…

Q: Sit Down, Ltd. is a manufacturer that uses the following standards to produce a single unit of…

A: Direct  Material quantity variance = (Actual quantity used - Standard quantity allowed)*Standard…

Q: Alibangbang Company produces 100,000 units of Part 34B, used in one of its snowblower engines, each…

A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…

Q: Box Springs, Inc., makes two sizes of box springs: twin and double. The direct material for the twin…

A: Workings:

Q: Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units produced.…

A: Overhead variances: Actual overhead costs  vary from the standard overhead costs When operations…

Q: Vandalay Industries manufactures two products: toasters and blenders. The annual production and…

A: Predetermined overhead allocation rate using the traditional costing system = Total estimated…

Q: Pinnocle Corporation has provided the following data from its activity-based costing system:…

A: Product Margin: There are four main types of profit margin: gross profit margin, which takes into…

Q: Patel and Sons Incorporated uses a standard cost system to apply factory overhead costs to units…

A: An overhead variance refers to the difference between the budgeted overhead expense and the actual…

Q: Underwood, Inc. manufactures two products. It currently has 5,600 hours of direct labor and 800…

A: Given, Contribution margin per unit for Product B = $15.00   Machine hour per unit for product B =…

Q: ISQUID Corp. has provided the following data from its activity-based costing system: Activity Cost…

A: Profit = Sales - Cost

Q: Come Home, Inc. is a manufacturer that uses the following standards to produce a single unit of…

A: Direct Material Quantity Variance = ( Standard Quantity for Actual Production - Actual Quantity ) x…

Q: Sit Down, Ltd. is a manufacturer that uses the following standards to produce a single unit of…

A: Direct Material price variance = (Actual price per grams - Standard price per grams)*Actual quantity…

Q: Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units…

A: Fixed Overhead Spending Variance is the difference between the Actual Fixed Overhead Cost and…

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: Cost when producing  Direct materials                                      $4.00 Direct labor…

Q: :XYZ has provided the following data from its activity-based costing system Total Activity Total…

A: Formulas; Cost per activity=Total costTotal activity

Q: CPA Corp. has provided the following data from its activity-based costing system: Activity Cost Pool…

A: Here in this question, we are required to compute margin of product WD40 per unit. Activity based…

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: A. Cost to buy = No. of units x Purchase cost per unit = 6,100 units x $7.00 per unit = $42,700

Q: The company makes 230 units of product of WD40 a year, requiring a total of 480 machine-hour, 50…

A: Calculation of activity rate : Activity Cost Pool ( A )  Total Activity ( B ) Total Cost ( C )…

Q: Come Home, Inc. is a manufacturer that uses the following standards to produce a single unit of…

A: Material price variance =  (Standard price - Actual price) Actual quantity purchased

Q: Sit Down, Ltd. is a manufacturer that uses the following standards to produce a single unit of…

A: Direct Labor Cost Variance = Direct Labor rate Variance + Direct Labor Efficiency variance

Q: Toyang Inc. produces 100,000 units of Part 34B, used in one of its snowblowerengines, each year. An…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A company incurs $1220000 of overhead each year in three departments, Processing, Packaging, and…

A: Department Cost Divide by: Use of Cost Driver Cost per driver Processing $496000…

Q: Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units produced.…

A: All amounts are in dollar.

Q: The company;s Accounting department reports the following costs of producing 16,000 units of the…

A: Working notes :-                                   In the above problem along…

Q: Ball Company has the following data: Units Produced: 500 finished goods units Direct Materials: $100…

A: Lets understand the basics. There are two type of costing system are followed by the entities which…

Q: Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units produced.…

A: All amounts are in dollar.

Q: Sit Down, Ltd. is a manufacturer that uses the following standards to produce a single unit of…

A: Direct Labor efficiency variance = (Actual hours worked - Standard hours allowed)*Standard rate per…

Q: RHIANE CO. provided the following data from its activity-based costing systems: Total Cost P313,490…

A: Average cost per unit = Total cost /Number of units produced  Here total cost includes direct…

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: A manager of the company should make a decision whether to make or buy a product based on the…

Q: ISQUID Corp. has provided the following data from its activity-based costing system: Activity Cost…

A: The product margin is calculated as difference between sales revenue and different costs incurred…

Q: XYZ Co. manufactures baseball bats and wooden tops . Currently , the company makes 5,000 baseball…

A: The question is multiple choice question. Required  Choose the Correct Option.

Q: Vandalay Industries manufactures two products: toasters and blenders. The annual production and…

A: Predetermined Overhead Rate: Predetermined overhead rate is a measure used to allocate the estimated…

Q: Vandalay Industries manufactures two products: toasters and blenders. The annual production and…

A: The overhead cost per unit is calculated as total cost divided by activity base unit.

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: working notes: Cost to Buy=5,800*$6.90=40,020 Cost to make =5,800*4=23,200…

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: When there are two alternatives, that is one to manufacture product and one to purchase from…

Q: Vandalay Industries manufactures two products: toasters and blenders. The annual production and…

A: Overhead cost per blender = Total Overhead Cost of Blenders / Total Number of Blenders   Total…

Q: Feldpausch Corporation has provided the following data from its activity-based costing system:…

A: Net income: Net income can be ascertained from the statement of profit or loss when the charges are…

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A:

Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units produced.…

A: Journal entry refers to recording and classifying business transactions into books of accounts…

Q: Vandalay Industries manufactures two products: toasters and blenders. The annual production and…

A: Cost pool Activity Rate = Estimated Overhead/ Estimated Activity

Q: Vandalay Industries manufactures two products: toasters and blenders. The annual production and…

A: Overhead allocation as per traditional method = Direct Labor Hours * Overhead Allocation Rate

Q: ISQUID Corp. has provided the following data from its activity-based costing system: Activity Cost…

A: Under activity based costing, the overhead is allocated to production based on various activities.

Q: XYZ has provided the following data from its activity-based costing system: Activity Cost Pool Total…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Q: Milton6 Company uses a standard cost system in which manufacturing overhead costs are applied to…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Elfalan Corporation produces a single product. The cost of producing and selling a single unit of…

A: Incremental Costs: It is  the total cost incurred  because of an additional unit of product  which…

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.