Co. produced 10, 000 units of product CC. Each unit of product CC needs 3kgs of UU materials at standard cost of P5 per unit. Actual amount of materials used for the said production amounted to 33, 000 kilos with cost of P161,700. Compute the productivity ratio of direct materials
Q: Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the…
A: Calculation of the variable cost for 42000 units: Direct materials 25 Direct Labor 8 Variable…
Q: Martinez Company's relevant range of production is 9,500 units to 14,500 units. When it produces and…
A: We have the following information: Martinez Company's relevant range of production is 9,500 units…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Manufacturing Overhead: The cost of manufacturing overhead, often known as MOH, is the aggregate of…
Q: GEM Limited has a single product Flicks. The company normally produces and sells 80,000 units of…
A:
Q: artinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: calculation of total amounts of direct and indirect manufacturing costs incurred are as follows
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Incremental cost = Incremental units×Variable cost per unit
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Prime cost means the addition of direct material and direct labor and other direct expenses.…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Incremental costs are always comprised of Variable costs . Total Variable cost in producing 100…
Q: Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the…
A: For making decision, the cost incurred in the special order shall be calculated and shall be…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Total variable cost = direct material + direct labor + variable MOH + Variable selling costs…
Q: Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the…
A: The costs that are incurred to produce additional units when the entity has surplus production…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Total variable cost = direct material + direct labor + variable MOH + Variable selling costs…
Q: (a) GEM has an opportunity to sell 10 000 units to an overseas customer. Import duties and other…
A: Cost: Cost can be defined as the cash and cash equivalent which is incurred against the products…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Total Cost for 10,000 product = Average cost per unit * 10,000
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Manufacturing cost means the cost incurred to produce the finished goods in factory. Fixed…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Incremental cost can be defined as the increase in the cost of production of goods with the increase…
Q: that costs $5 per pound. The company has the capacity to annually produce 107,000 units of each…
A: The answer has been mentioned below.
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Cost of goods manufactured: Cost of goods manufactured means total manufacturing costs; including…
Q: Schonhardt Corporation's relevant range of activity is 4,800 units to 6,000 units. When it produces…
A: Fixed costs are those costs that do not change when the activity of production changes within the…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Incremental cost = Incremental units×Variable cost per unit
Q: Unit Total Direct materials $ 15 $ 690,000 Direct labor 6 276,000 Variable…
A: Solution: Direct materials $15.00 Direct labor $6.00 Variable manufacturing overhead $3.00…
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: Average Cost per Unit Direct materials $ 6.50 Direct labor $ 3.70 Variable manufacturing overhead $…
A: Direct manufacturing cost includes only direct cost incurred during the manufacturing process. In…
Q: Unit Total Direct materials $ 15 $ 690,000 Direct labor 6 276,000 Variable…
A: Solution: Solution 3: Regular selling price $46.00 Less: Vaiable costs : Direct…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Incremental units=102-100=2 units
Q: Cane Company manufactures two products called Alpha and Beta that sell for $150 and $105,…
A: In order to determine the contribution margin per unit, the variable cost per unit is required to be…
Q: Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the…
A: New contribution margin Selling price $48*(1-.16) $40.32 less: Variable…
Q: Chenwang Manufacturing has 18,000 labor hours and 120,000 grams of material. The cost of labor per…
A: In the present case, the company CM has been involved in the manufacturing of three products in…
Q: Unit Total Direct materials $ 15 $ 690,000 Direct labor 6 276,000 Variable…
A: Solution: Regular Selling price $46.00 Less: Discount 16% Selling price for special order…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Contribution margin refers to the amount that shows the amount of revenue after deducting the…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Several type of costs are being incurred and recorded in cost accounting. Direct costs are costs…
Q: Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the…
A: Requirement 1: Compute the amount of total costs.
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Variable Costs and fixed costs are the two main types of costs that a company incurs when producing…
Q: Cane Company manufactures two products called Alpha and Beta that sell for $140 and $100,…
A: Financial Advantage (Disadvantage) :— It is the increase or decrease in profit due to the additional…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Fixed manufacturing cost will not change even though their is a change in production. Fixed…
Q: CIRCLES Co. Produced 10, 000 units of product CC. Each unit of product CC needs 3kgs of UU materials…
A: Standard quantity of materials required = No. of units produced x Standard quantity per unit = 10000…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Incremental Cost per unit = Sum of Variable Cost / Units produced Incremental Cost of additional…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Variable cost of 100 units : Direct material cost 500 Direct labor cost 1800 Variable…
Q: CIRCLES Co. produced 10, 000 units of product CC. Each unit of product CC needs 3kgs of UU materials…
A: Standard quantity of materials required = No. of units produced x Standard quantity per unit = 10000…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: Manufacturing cost indicates the number of costs spent by the corporation for the aim of making a…
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Increase in units=102-100=2 units
Q: Company XYZ is currently producing and selling 100 units. At this level, the total direct materials…
A: Fixed cost remains constant at all levels of production. Only variable cost is taken for the…
Q: Bricktan Incorporated makes three products, Basic, Classic, and Deluxe. The maximum Bricktan can…
A: Limiting factors in cost accounting relate to limits in the supply of manufacturing inputs (such as…
Q: Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the…
A: Decision making is a process or an act of deciding something using rational thinking, intuition and…
Q: Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and…
A: The variable cost per unit remains constant and total variable cost changes with level of production…
Q: a) GEM has an opportunity to sell 10 000 units to an overseas customer. Import duties and other…
A: Cost: Cost can be defined as the cash and cash equivalent which is incurred against the products…
Q: Kubin Company's relevant range of production is 11,000 to 14,000 units. When it produces and sells…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: GEM Limited has a single product Flicks. The company normally produces and sells 80,000units of…
A: a) This is a situation of acceptance of additional offer of 10,000 units. Since even on…
HELP! Co. produced 10, 000 units of product CC. Each unit of product CC needs 3kgs of UU materials at
Compute the productivity ratio of direct materials
Step by step
Solved in 2 steps
- The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?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?
- Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?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?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?
- Crystal Pools estimates overhead will utilize 250,000 machine hours and cost $750,000. It takes 2 machine hours per unit, direct material cost of $14 per unit, and direct labor of $20 per unit. What is the cost of each unit produced?Boarders estimates overhead will utilize 160,000 machine hours and cost $80,000. It takes 4 machine hours per unit, direct material cost of $5 per unit, and direct labor of $5 per unit. What is the cost of each unit produced?Carsen Company produces handcrafted pottery that uses two inputs: materials and labor. During the past quarter, 24,000 units were produced, requiring 96,000 pounds of materials and 48,000 hours of labor. An engineering efficiency study commissioned by the local university revealed that Carsen can produce the same 24,000 units of output using either of the following two combinations of inputs: The cost of materials is 8 per pound; the cost of labor is 12 per hour. Required: 1. Compute the output-input ratio for each input of Combination F1. Does this represent a productivity improvement over the current use of inputs? What is the total dollar value of the improvement? Classify this as a technical or an allocative efficiency improvement. 2. Compute the output-input ratio for each input of Combination F2. Does this represent a productivity improvement over the current use of inputs? Now, compare these ratios to those of Combination F1. What has happened? 3. Compute the cost of producing 24,000 units of output using Combination F1. Compare this cost to the cost using Combination F2. Does moving from Combination F1 to Combination F2 represent a productivity improvement? Explain.
- Chhom, Inc., manufactures and sells two products: Product F9 and Product U4. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Product F9 500 4 2,000 Product U4 1,000 2 2,000 Total direct labor-hours 4,000 The direct labor rate is $25.50 per DLH. The direct materials cost per unit is $274 for Product F9 and $222 for Product U4. The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Pools Activity Measures Overhead Cost Product F9 Product U4 Total Labor-related DLHs $ 31,900 2,000 2,000 4,000 Production orders orders 50,640 600 1,000 1,600 Order size MHs 103,200 3,300 2,600 5,900 $ 185,740 If the company allocates all of its overhead based on direct labor-hours using its…CIRCLES Co. Produced 10, 000 units of product CC. Each unit of product CC needs 3kgs of UU materials at standard cost of P5 per unit Actual amount of materials used for the said production amounted to 33, 000 kilos with cost of P161, 700. Compute the productivity ratio of direct materials.Jean Corporation uses a standard cost system and has the following standard costs for direct materials and direct labor. Direct materials: 2.5 meters @ P14 per meter DIrect Labor: 1.6 hours @ P8 per hour P35.00 P12.80 During the month of February, 15,000 units were produced. The costs related to the production of the product were as follows: 50,000 meters of materials were purchased at a cost of P13.80 per meter. 40,000 meters of materials were used. 25,000 direct labor hours were used at a cost of P8.60 per hour. Prepare the journal entries to record the purchased of materials, used of materials and labor incurrence.