Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,650 bars) are as follows: Quantity Price 570 lbs. $0.30 per lb. 180 lbs. $0.60 per lb. 150 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar Ingredient Cocoa Sugar Milk

Billingsly Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (7,650 bars) are as follows: Quantity Price 570 lbs. $0.30 per lb. 180 lbs. $0.60 per lb. 150 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. per bar Ingredient Cocoa Sugar Milk

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Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter17: Activity Resource Usage Model And Tactical Decision Making

Section: Chapter Questions

Problem 12E: Nutterco, Inc., produces two types of nut butter: peanut butter and cashew butter. Of the two,...

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akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Up eBook Show Me How Print Item High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 80,000 $25,100,000 92,000 27,206,000 120,000 32,120,000 a. Determine the variable cost per unit and the total fixed cost. Variable cost (Round to two decimal places.) %24 per unit Total fixed cost b. Based on part (a), estimate the total cost for 115,000 units of production. Total cost for 115,000 units Check My Work 4 more Check My Work uses remaining. Previous Next
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ABC and CVP Analysis: Multiple Products Good Scent, Inc., produces two colognes: Rose and Violet. Of the two, Rose is more popular. Data concerning the two products follow: Expected sales (in cases) Selling price per case Direct labor hours. Machine hours Receiving orders Packing orders Direct labor benefits. Machine costs Receiving department Machine costs Receiving department Packing department Total costs *All depreciation Break-even cases of Rose Fixed $ Break-even cases of Violet Break-even cases of Rose Material cost per case Direct labor cost per case The company uses a conventional costing system and assigns overhead costs to products using direct labor hours. Annual overhea costs follow. They are classified as fixed or variable with respect to direct labor hours. Rose 242,000 135,500 Break-even cases of Violet 58,000 11,600 $103 33,650 9,400 214,500 242,000 52 99 $53 Violet $12 5,750 $81 2,750 $592,000 $394,000 214,500* 193,060 27 49 $40 Variable $8 $200,940 Required: 1. Using…
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ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A% merica AS... rk i Required information Use the following information for the Problems below. (Algo) [The following information applies to the questions displayed below.] Trini Company set the following standard costs per unit for its single product Direct materials (30 pounds @ $5.00 per pound) $ 150.00 98.00 Direct labor (7 hours @ $14 per hour) Variable overhead (7 hours @ $7 per hour) Fixed overhead (7 hours @ $9 per hour) Standard cost per unit Production (in units) Standard direct labor hours (7 DLH per unit) Budgeted overhead (flexible budget) Fixed overhead Variable overhead Overhead is applied using direct labor hours. The standard overhead rate is based on a predicted activity level of 80% of the company's capacity of 51,000 units per quarter. The following additional information is available. 49.00 63.00 $360.00 70% 35,700 249,900 Direct materials (1,377,000 pounds @ $5.00 per pound)…
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A company manufactures and markets three products that are made from the same set of machines. Production is limited by machine capacity. Using the data given below, you are required to indicate the priorities for products A, B, and C with a view to maximize profits. A B C ( Cost per unit) 3.25 Raw materials (Rs.) Direct Labour (Rs.) Other Variable Cost (Rs.) Selling Price (Rs.) Standard machine Time 2.25 4.25 0.50 0.50 0.50 0.30 0.45 0.71 5.90 6.00 7.00 required (per unit) 39 minute 20 minutes 28minutes In the following year, the company faces extreme shortage of raw materials. It is noted that 3kg, 4kg, 5kg of raw materials are required to produce one unit of A. B. and C respectively. How would product priorities change".
A. engageNOWv2 | Online teachir X + com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssigni tSessionLocator=&inprogress... A The Atlantic Company sells a product with a break-even point of 6,167 sales units. The variable cost is $110 per unit, and fixed costs are $234,346. Determine the following: $ a. Unit sales price units b. Break-even point in sales units if the company desires a target profit of $82,080 ▬
Listed below are a company’s monthly unit costs to manufacture and market a particular product.Unit Costs Variable Cost Fixed CostsDirect materials P2.00 Direct labor 2.40 Indirect Manufacturing 1.60 P1.00Marketing 2.50 1.50The company must decide to continue making the product or buy it from an outside supplier. The supplier has offered to make the product at the same level of quality that the company can make it. Fixed marketing costs would be unaffected, but variable marketing costs would be reduced by 30% if the company were to accept the proposal. What is the maximum amount per unit that the company can pay the supplier without decreasing its operating income? • P5.25 • P7.75 • P6.75 • P8.50 • None of the above