The following information is available from Avery Company, a manufacturer of security cameras: Cost of Goods Manufactured $297,000 Total Units Produced 1,100 Number of Units Sold Cost of Goods Sold 900 $285,000 The unit product cost for a security camera is: O A. $330.00 O B. $316.67 OC. $270.00 D. $291.00
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- Trinity product Limited makes and sells three types of electronic security systems forwhich the following information is availableStandard cost and selling price per unitDay Scan Night scan Omni scanGH¢ GH¢ GH¢Material 70 110 155Manufacturing labour 40 55 70Installation labour 24 32 44Variable overheads 16 20 28Selling price 250 320 460Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilledis available for 25,000 hours only in a period and is paid GH¢8 per hour. Bothmanufacturing and installation labour are variable cost. The maximum demand for theperiod is: Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800units.Requireda) Calculate the shortfall (if any) in hours of installation labour. b) Determine the best production plan assuming the company wishes to maximizeprofit. c) calculate the maximum profit that could be achieved from the plan in part (b) aboved) Having carried out an investigation of the availability of installation labour, the…UESTION 1Trinity product Limited makes and sells three types of electronic security systems for which the following information is available Standard cost and selling price per unitDay Scan Night scanOmni scanGH¢GH¢GH¢Material70110155Manufacturing labour405570Installation labour243244Variable overheads162028Selling price250320460 Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labour are variable cost. The maximum demand for the period is: Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800 units.Requireda) Calculate the shortfall (if any) in hours of installation labour.b) Determine the best production plan assuming the company wishes to maximize profit. c) calculate the maximum profit that could be achieved from the plan in part (b) aboved) Having carried out an investigation of the availability of installation labour, the…Larsen, Inc., produces two types of electronic parts and has provided the following data: Part X12 Part YK7 Total Units produced 100,000 600,000 — Direct labor hours 30,000 70,000 100,000 Machine hours 50,000 300,000 350,000 Number of setups 40 80 120 Testing hours 1,000 9,000 10,000 Number of purchase orders 500 3,500 4,000 There are four activities: machining, setting up, testing, and purchasing. Required: Calculate the activity consumption ratios for each product. Calculate the consumption ratios for the plantwide rate (direct labor hours). When compared with the activity ratios, what can you say about the relative accuracy of a plant wide rate? Which product is under costed? What if the machine hours were used…
- Larsen, Inc., produces two types of electronic parts and has provided the following data: PartX12 PartYK7 Total Units produced 100,000 600,000 - Direct labour hours 30,000 70,000 100,000 Machine hours 50,000 300,000 350,000 Number of setups 40 80 120 Testing hours 1,000 9,000 10,000 Number of purchase orders 500 3,500 4,000 There are four activities: machining, setting up, testing, and purchasing. Required: Calculate the activity consumption ratios for each product. Calculate the consumption ratios for the plantwide rate (direct labour hours). When comparedwith the activity ratios, what can you say about the relative accuracy of a plantwiderate? Which product is undercosted? What if the machine hours were used for the plantwide rate? Would this remove the cost distortionof a plantwide rate?The company OMEGA from 1/1/ to 30/6 had the following cost data: 1/1. direct materials = 7000, 1/1. semi-cat. 11000, 1/1. finished goods = 9000. Purchases of direct materials were made = 49000, direct work amounted to 41000 and GSP was 97000. Sales for the period amounted to 658000 on credit. Administration expenses were 52000, sales expenses were 44000 and financial expenses were 9000. On 30/6 the stocks were: 31.12. direct materials 8000, 31.12 semi-work. Pr. 4000 and 31.12 of finished goods pr. = 9000. Requested: To prepare the report of the cost of production and to calculate the final result internally and out-of-accountThe following information pertains to Beige, Inc., for the current year: Sales $1,000,000 Internal failure costs 150,000 External failure costs 200,000 Appraisal costs 50,000 Prevention costs 30,000 Cost of goods sold 600,000 Which of the following expresses the quality costs as a percentage of sales? (Rounded to two decimal places.) Group of answer choices 4.44% 43.00% 57.22% 19.44%
- Power product Limited makes and sells three types of electronic security systems for which the following information is available Standard cost and selling price per unit Day Scan Night scan Omni scan GH¢ GH¢ GH¢ Material 70 110 155 Manufacturing labour 40 55 70 Installation labour 24 32 44 Variable overheads 16 20 28 Selling price 250 320 460 Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labour are variable cost. The maximum demand for the period is: Day scan 2,000 units; Night scan 3,000 units; Omni scan…A manufacturing company is about to start manufacturing a new product, the FX200 The management accountant has provided the following information about the unit cost of the FX200: Direct labour (3 hours @R10/hr) Indirect labour (2 hours @R9/hr) Direct material (4 kg @R5/kg) Indirect material R10 Direct expenses R4 Indirect production expenses R7 Selling and distribution overhead R5 For one unit of FX200, calculate the following: a).The prime cost b).The total production cost c).The full costTrinity product Limited makes and sells three types of electronic security systems for which the following information is available. Standard cost and selling price per unit. DETAILS DAY SCAN NIGHT SCAN OMNI SCAN GH¢ GH¢ GH¢ Materials 70 110 155 Manufacturing Labour 40 55 70 Installation Labour 24 32 44 Variables Overheads 16 20 28 Selling Price 250 320 460 The fixed cost for the period is GH¢450,000 and installation labor, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labor is variable costs. The maximum demand for the period is Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800 units. Required: a) Calculate the per units installation hours required for all the systems b) Having carried out an investigation of the availability of installation labour, the firm thinks that by offering GH¢ 12 per hour, additional…
- The Hartono Corporation manufactures and sells industrial grinders. The following table presents financial information pertaining to quality in 19-6 and 19-7 (in thousands): 19-7 19-6 Sales $12,500 $10,000 Line inspection 85 110 Scrap 200 250 Design engineering 240 100 Cost of return goods 145 60 Product-testing equipment 50 50 Customer support 30 40 Rework costs 135 160 Preventive equip. maintenance 90 35 Product liability claims 100 200 Incoming materials inspection 40 20 Breakdown maintenance 40 90 Product-testing labor 75 220 Training 120 45 Warranty repair 200 300 Supplier evaluation 50 20 REQUIRED:1. Classify the cost items in the table into prevention, appraisal, internal failure, orexternal failure categories.2. Calculate the ratio of each COQ category to sales in 19-6 and 19-7. Comment onthe trends in the costs of…Accounting PH enterprises manufactures automobiles accessories and parts. Following are the informationrelating to the production of 3 lakh units.Direct Material cost 2400000rsDirect Labor cost 32,00,000rsVariable factory OH 20,00,000rsFixed factory OH 20,00,000rsThe purchase price of the component is Rs. 30. The fixed OH would continue to be incurred evenwhen the component is brought from outside, although there would have been reduction in thecost to the extent of Rs. 10 lakh. Decide whether the parts should be made or bought underthe current situation If the released capacity can be rented for Rs. 8 lakhJuztine Company produces a single type of necklace being sold for P 25 per unit. The following information was made available:Unit sales (P 25 per unit) 63,000 Material usage 75,000 pounds Material cost P7.2 per pounds Labor hours 10,000 hours Labor cost P30 per hourWhat is the operational partial productivity of Direct Material? • 0.840 • 6.300 • 0.117 • 0.210 • None of the above
