Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs Hazardous waste disposal costs. $5,780,000 615,000 Chairs Expected production 219,000 units Direct labor hours required Tables 24,000 units 15,800 DLH 400 pounds 252,000 DLH Hazardous waste disposed 500 pounds Required: 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs are assigned using a single plantwide overhead rate based on direct labor hours. Overhead costs $ 615,000 0 Product Activity Driver OH $ per direct labor hour OH Cost per unit Units Produced 0 Chairs Total Overhead Cost 0.00 $ 0.00 $ $ $ 0 Tables 0 0 2. Determine hazardous waste disposal costs per unit for chairs and for tables if costs are assigned based on the number of pounds disposed of. Product Activity Driver Units Produced OH Cost per unit OH $ per pound $ Total Overhead Cost 0.00 $ 0.00 $ 0 $ Chairs Tables 0 0 0

Smythe Co. makes furniture. The following data are taken from its production plans for the year. Direct labor costs Hazardous waste disposal costs. $5,780,000 615,000 Chairs Expected production 219,000 units Direct labor hours required Tables 24,000 units 15,800 DLH 400 pounds 252,000 DLH Hazardous waste disposed 500 pounds Required: 1. Determine the hazardous waste disposal cost per unit for chairs and for tables if costs are assigned using a single plantwide overhead rate based on direct labor hours. Overhead costs $ 615,000 0 Product Activity Driver OH $ per direct labor hour OH Cost per unit Units Produced 0 Chairs Total Overhead Cost 0.00 $ 0.00 $ $ $ 0 Tables 0 0 2. Determine hazardous waste disposal costs per unit for chairs and for tables if costs are assigned based on the number of pounds disposed of. Product Activity Driver Units Produced OH Cost per unit OH $ per pound $ Total Overhead Cost 0.00 $ 0.00 $ 0 $ Chairs Tables 0 0 0

Name: Smythe Co. makes furniture. The following data are taken from its pro
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Description: Smythe Co. makes furniture. The following data are taken from its production plans for the year.Direct labor costsHazardous waste disposal costs$5,780,000615,000ChairsExpected production219,000 unitsTables24,000 units15,800 DLHDirect labor hours req

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 2PA: The following product costs are available for Arrez Company on the production of DVD cases: direct...

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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?
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Kildeer Company makes easels for artists. During the last calendar year, a total of 30,000 easels were made, and 31,000 were sold for 52 each. The actual unit cost is as follows: The selling expenses consisted of a commission of 1.30 per unit sold and advertising copayments totaling 95,000. Administrative expenses, all fixed, equaled 183,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was 132,600 for 3,400 easels. Required: 1. Calculate the number and the dollar value of easels in ending finished goods inventory. 2. Prepare a cost of goods sold statement. 3. Prepare an absorption-costing income statement. Add a column for percentage of sales.
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