A recent fire devastated the records of RIKIMARU INC. In relation to its direct labor for the current year, the following data were gathered: Actual production Standard hours per unit 4,000 units 3 Rate variance 500 F Efficiency variance Standard direct labor cost per unit 2,000 UF P15 How many hours were used by the company for the current year in producing the 4,000 units? . 12,800 hrs. d. Cannot be computed; limited information a. 11,600 hrs. b. 12,400 hrs.
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- Bobcat uses a traditional cost system and estimates next years overhead will be $800.000, as driven by the estimated 25,000 direct labor hours. It manufactures three products and estimates the following costs: If the labor rate is $30 per hour, what is the per-unit cost of each product?Baxter Company has a relevant range of production between 15,000 and 30,000 units. The following cost data represents average variable costs per unit for 25,000 units of production. Using the costs data from Rose Company, answer the following questions: A. If 15,000 units are produced, what is the variable cost per unit? B. If 28,000 units are produced, what is the variable cost per unit? C. If 21,000 units are produced, what are the total variable costs? D. If 29,000 units are produced, what are the total variable costs? E. If 17,000 units are produced, what are the total manufacturing overhead costs incurred? F. If 23,000 units are produced, what are the total manufacturing overhead costs incurred? G. If 30,000 units are produced, what are the per unit manufacturing overhead costs incurred? H. If 15,000 units are produced, what are the per unit manufacturing overhead costs incurred?Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?
- Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen is $35 per unit and $55 is used in direct labor, while the direct material for the king is $55 per unit, and the labor cost is $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?PUGNA CORP. is a company specializing in manufacturing and selling customized and specialized neck pillows. The selling price of each pillow is P750 per unit. On its first month of operations, 3,500 units were produced where 2,500 units were sold. Actual fixed costs are the same as budgeted fixed costs. The company is using a denominator level of activity of 4,000 units. Information on its costs was as follows: Variable costs: Direct materials 500,000 Direct labor 600,000 300,000 200,000 90,000 Manufacturing overhead Selling costs Administrative costs Fixed costs: 50,000 250,000 400,000 Selling costs Administrative costs Manufacturing overhead .If the company is using variable costing, how much is cost of goods sold and volume variance, respectively? P1,000,000; 50,000 F b. C. P1,000,000; 50,000 UF d. None; None а. P1,000,000; None 3. If the company is using absorption costing, how much is net income or (loss) for the first month of operations? P 85,000 b. P 35,000 с. а. (P10,000) d.…
- Ritner Corporation manufactures a product that has the following costs: Per Unit $ 22. 30 Per Year Direct materials Direct labor $ 13. 80 Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $ 2. 20 $449,600 $ 1.60 $591,700 The company uses the absorption costing approach to cost-plus pricing as described in the text. The pricing calcuiations are based on budgeted production and sales of 29,100 units per year. The company has invested $360,100 in this product and expects a return on investment of 9%. Required: b. Compute the selling price of the product using the absorption costing approach. (Round your intermediate and final answer to 2 decimal places.) a Markup percentage on absorption cost b Selling priceBest Birdies produces ornate birdcages. The company's average cost per unit is $18 when it produces 2,200 birdcages. If $5,800 of the total costs are fixed, what is the variable cost of producing each birdcage?XYZ Company produces two models of wood chairs, A and B. The selling price per unit and the variable manufacturing cost per unit for model A are $60 and $35 respectively. The selling price per unit and the variable manufacturing cost per unit for model B are $80 and $38 respectively. The variable selling expense per unit for models A and B are $10 per unit and $12 per unit respectively. Assume that total fixed expenses are $39,600 per month and the expected monthly sales for models A and B are 1,800 units and 450 units respectively. If the sales mix and sales units are as expected, the break-even in sales ($) is: (round figures to the nearest number) Select one: O a. 97,477 O b. 65,658 O c. 140,800 O d. 89,239 O e. None of the given answers
- XYZ Company produces two models of wood chairs, A and B. The selling price per unit and the variable manufacturing cost per unit for model A are $240 and $140 respectively. The selling price per unit and the variable manufacturing cost per unit for model B are $320 and $152 respectively. The variable selling expense per unit for models A and B are $40 per unit and $48 per unit respectively. Assume that total fixed expenses are $158,400 per month and the expected monthly sales for models A and B are 7,200 units and 1,800 units respectively. If the sales mix and sales units are as expected, the break-even in sales ($) is: (round figures to the nearest number) Select one: а. 389,908 b. None of the given answers с. 262,632 d. 356,958 е. 563,200Night Shades Inc. (NSI) manufactures biotech sunglasses. The variable materials cost is $1.89 per unit, and the variable labor cost is $3.4 per unit. a. What is the variable cost per unit? b. Suppose the company incurs fixed costs of $790,000 during a year in which total production is 355,500 units. What are the total costs for the year? c. If the selling price is $10.2 per unit, what is the NSI break-even on a cash basis?Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.35 and the variable cost per unit is $16.15. Goldfarb's total fixed costs are $24,600, and budgeted sales are 7,600 units. What is the contribution margin per unit?