oduction process. The only difference between the two coffees is the cost of the unroasted coffee beans. The following data are wailable for February: Number of pounds of coffee produced Cost of unroasted beans and packaging per pound Other costs: Direct labor Indirect materials Other overhead Conversion cost Materials cost Fotal cost umber of pounds Cost per pound Star Star 10,000 $ 4.90 equired: rganic Grounds uses operations costing and assigns conversion costs based on the number of pounds of coffee produced. Compute e cost unit of each brand of coffee produced in February. (Do not round intermediate calculations. Round "Cost per pound" to 2 ecimal places.) Bucks Bucks 40,000 $6.70 Total Total 50,000 $90,000 45,000 15,000
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- 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 $70 per unit. Box Springs estimates it will make 4,300 queens and 3,000 kings in the next year. It estimates the overhead for each cost pool and cost driver activities as follows: How much does each unit cost to manufacture?Friedman Company uses JIT manufacturing. There are several manufacturing cells set up within one of its factories. One of the cells makes stands for flat-screen televisions. The cost of production for the month of April is given below. During May, 30,000 stands were produced and sold. Required: 1. Explain why process costing can be used for computing the cost of production for the stands. 2. Calculate the cost per unit for a stand. 3. Explain how activity-based costing can be used to determine the overhead assigned to the cell.Gigabyte, Inc. manufactures three products for the computer industry: Gismos (product G): annual sales, 8,000 units Thingamajigs (product T): annual sales, 15,000 units Whatchamacallits (product W): annual sales, 4,000 units The company uses a traditional, volume-based product-costing system with manufacturing over-head applied on the basis of direct-labor dollars. The product costs have been computed as follows: Product G Product T Product W Raw material ..........................$ 35.00 $52.50 $17.50 Direct labor 16(.8 hr.at $20) 12(.6 hr at $20) 8(.4 hr at $20) Manufacturing overhead* ......140.00 105.00 70.00 Total product cost ..................$191.00 $169.50 $95.50 *Calculation of predetermined overhead rate: Manufacturing overhead budget: Machine setup...................................................................................$…
- Organic Grounds produces two brands of coffee: Star and Bucks. The two coffees are produced in one factory using the same production process. The only difference between the two coffees is the cost of the unroasted coffee beans. The following data are available for February Star 9,000 $ 4.60 Total 45,000 Bucks Number of pounds of coffee produced Cost of unroasted beans and packaging per pound Other costs: Direct labor Indirect materials Other overhead 36,000 $ 6.50 $81,000 40, 500 13,500 Required: Organic Grounds uses operations costing and assigns conversion costs based on the number of pounds of coffee produced. Compute the cost unit of each brand of coffee produced in February (Do not round intermediete calculations. Round "Cost per pound" to 2 decimel places.) O Answer is not complete. Star Bucks Total Conversion cost Materials cost Total cost Number of pounds 9,000 O 36.000 O Cost per poundOrganic Grounds produces two brands of coffee: Star and Bucks’ The two coffees are produced in one factory using the same production process. The only difference between the two coffees is the cost of the unroasted coffee beans. The following data are available for February: Star Bucks Total Number of pounds of coffee produced 13,000 52,000 65,000 Cost of unroasted beans and packaging per pound $ 4,000 $ 6.90 Other costs: Direct labor $117,000 Indirect materials…Kilbourne Appliances produces two models of beverage coolers for homes and offices, the KA-15 and the KA-24. Data on operations and costs for March follow. Units produced Machine-hours Direct labor-hours Direct materials costs Direct labor costs Manufacturing overhead costs Total costs Required A Required B Required C Product costs per unit KA-15 Required: a. Compute the individual product costs per unit assuming that Kilbourne Appliances uses the number of units to allocate overhead to the products. b. Compute the individual product costs per unit assuming that Kilbourne Appliances uses direct labor cost. c. Compute the individual product costs per unit assuming that Kilbourne Appliances uses direct material costs to allocate overhead to the products. KA-15 600 360 750 $ 82,000 16,500 KA-24 KA-24 400 540 1,750 $ 130,000 38,500 Compute the individual product costs per unit assuming that Kilbourne Appliances uses the number of units to allocate overhead to the products. Note: Do not…
- Mc Graw Sweetheart Brands packages single-sized servings of sugar and sugar substitute for fast-food restaurants. The activities required to package sugar are fewer and less complex than for the sugar substitute. The direct costs of producing the two products are as follows: Direct materials Direct labor Activity Setup Packing Inspection Overhead is currently assigned to the two products based on machine hours. The following information is provided regarding overhead costs: Traceable Costs $ 60,000 222,000 18,000 $ 300,000 Sugar $ 0.02 0.04 Sugar Substitute $ 0.04 0.08 Predetermined overhead rate Sugar Sugar Substitute Cost Driver Number of setups Number of machine hours Number of batches Complete this question by entering your answers in the tabs below. Required C Sugar Line 120 12,000 250 Required: a. Compute the predetermined overhead rate under the current method of overhead cost allocation. How much total overhead cost will be assigned to each product under the current system? b.…Howrley-David, Inc., manufactures two models of motorcycles: the Fatboy and the Screamer. Both models are assembled in the same plant and require the same assembling operations. The difference between the models is the cost of materials. The following data are available for August: Number of units assembled Materials cost per unit Other costs: Direct labor Indirect materials Other overhead Operation cost Materials cost Total cost Number of units Unit cost Fatboy 1,050 $ 2,400 $3,400 Fatboy Screamer 2,100 Required: Howrley-David uses operations costing and assigns conversion costs based on the number of units assembled. Compute the cost of each model assembled in August. Screamer Total Total 3,150 $3,591,000 598,500 1,795,500SIMPly Power Inc., manufactures and sells two products: Product V9 and Product B1. Data concerning the expected production of each product and the expected total direct labour-hours (DLHS) required to produce that output appear below: Product V9 Product B1 Total direct labour-hours Product V9 Product B1 Activity Cost Pools Labour-related The direct labour rate is $27.40 per DLH. The direct materials cost per unit for each product is given below: Machine setups General factory Expected Production 300 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: O $86.5 per unit 800 O $129.12 per unit O $217.95 per unit O $272.08 per unit Activity Measures DLHS Direct Labour-Hours Per Unit 5.0 3.0 setups Direct Materials Cost per Unit $176.90 $262.80 MHS Estimated Overhead Cost $94,848 36,990 62,408 $194,246 Total Direct Labour- Hours 1,500 2,400 3.900 Expected Activity Product V9 Product B1 Total…
- The ABC Company manufactures two products, Product Alpha and Product Beta. Both are produced in a very labour-intensive environment and use similar processes. Alpha and Beta differ by volume. Beta is a high-volume product, while Alpha is a low-volume product. Details of product inputs, outputs and the costs of activities are as follows: Direct labour Annual output hours/unit Number of purchase orders Number of set-ups (units) Alpha 5 1,200 75 40 Beta 5 12,000 85 60 160 100 Fixed overhead costs amount to a total of $420,000 and have been analysed as follows: Volume-related 100,000 Purchasing related Set-up related 145,000 175,000 Using a traditional method of overhead absorption based on labour hours, what is the overhead cost per unit for each unit of product Alpha? (2 d.p.)Eagle Co. manufactures bentwood chairs and tables. Wood for both products is steam-bent in the same process, but different types of wood are used for each product. Thus, materials cost is identified separately to each product. One production cycle uses 20 board feet. Labor cost is identified to the process as a whole, as is overhead cost. Data for the month of July follow: Chairs Tables Direct material cost per board foot $3.60 $4.20 Number of parts formed per production cycle (20 board feet) 10 8 Actual operating hours in July 120 380 Parts produced during July 4,000 9,000 Budgeted annual conversion cost: Labor $150,000 Utilities 125,000 Depreciation 65,000 Other overhead 50,000 Total $390,000 Budgeted annual operating hours for steam-bending 5,200 In your computations, round cost per unit amounts to two decimal places. If required, round final answers to the nearest dollar. a.…Eagle Co. manufactures bentwood chairs and tables. Wood for both products is steam-bent in the same process, but different types of wood are used for each product. Thus, materials cost is identified separately to each product. One production cycle uses 20 board feet. Labor cost is identified to the process as a whole, as is overhead cost. Data for the month of July follow: Chairs Tables Direct material cost per board foot $3.60 $4.20 Number of parts formed per production cycle (20 board feet) 10 8 Actual operating hours in July 120 380 Parts produced during July 4,000 9,000 Budgeted annual conversion cost: Labor $150,000 Utilities 125,000 Depreciation 65,000 Other overhead 50,000 Total $390,000 Budgeted annual operating hours for steam-bending 5,200 In your computations, round cost per unit amounts to two decimal places. If required, round final answers to the nearest dollar. a.…