A Manufactured Product Has the Following Information for August

A manufactured product has the following information for June. 9 per lb 48500 lbs.

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A Raw Materials Inventory b Work in Process Inventory c Finished Goods Inventory d Cost of Goods Sold 3.

. 8 per lb. Per unit 400 per lb. Number of Number of Number of Product Setups Components Direct Labor Hours Standard 3 30 650 Deluxe 7 50 150 Overhead costs 20000 60000 Assume a traditional costing system applies the 80000 of overhead costs based on direct labor hours.

Compute the 1 A manufactured product has the following information for August. The following information is available about the August transactions of the Helpful Tool Company. 16 per hr 15700 hrs.

Standard Quantity and Cost. A manufactured product has the following information for June. Direct labor 2 hrs.

43 Total fixed manufacturing and operating costs per month. 1650 per hr. Indicate whether the cost variance is favorable or unfavorable.

See the answer See the answer done loading. Standard Actual Direct materials 2 lbs. The company has the following firm-wide totals from its costing system.

8 per lb 48500 lbs. This answer is. Standard Actual Direct materials 6 lbs.

During the month 286000 of. In August one of the processing departments at Tsuzuki Corporation had beginning work in process inventory of 24300 and ending work in process inventory of 13300. RM used in production BRMI RMP - ERMI.

Tooling Processing Resources Driver quantity 25 setups 20000 direct labor hours 40000 sq. Direct labor 2 hrs. Standard Actual Direct materials 6 lbs.

A manufactured product has the following information for August. 810 per lb. 12 per hr 198000 Units manufactured 8000 Compute the direct materials price variance and the direct materials quantity variance.

When units are manufactured the cost associated with the units is credited to which account. Standard Actual Direct materials 2 lbs. Direct labor 05 hours per unit 28 per hour Overhead 30 per direct labor hour Units manufactured 12600 Total manufacturing costs 460400 1 Compute the standard cost per unit.

The total cost variance is the difference between total actual costs and total standard costs. 12 per hr 198000 Units manufactured 8000 Compute the direct materials price variance and the direct materials. Standard Actual Direct materials 6 lbs.

Determine the number of units that must be sold each month to break even. 8 per lb. 8 per lb 48500 lbs.

Sales price per unit. A manufactured product has the following Information for August. 1550 per hr.

67 Variable cost per unit. All sales are on credit. 1650 per hr.

Budgeted unit sales for June July August and September are 8400 10000 12000 and 13000 units respectively. A manufactured product has the following information for June. Per unit 400 per lb.

2 pounds per unit 250 per pound. Has the following information about its standards and production activity for September. Energy emanating from Sun Wind and transformed into power is not manufactured product rather conversedtransformed product.

A manufactured product has the following information for August. A manufactured product has the following information for August. Raw Materials October 1 20000 Raw Materials October 31 25000 Work in Process October 1 45000 Work in Process October 31 40000 Finished Goods October 1 68000 Finished Goods October 31 62000.

Direct materials 6 lbs. A manufactured product has the following information for August. August 1 2020 4 January 3 May 1.

The following activity and cost information has been compiled. Determine the unit contribution margin. 810 per lb.

The budgeted selling price per unit is 70. Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations. Inputs Standard quantity or hours Standard price or rate Standard cost per unit Direct materials pounds X Direct labor DLH X Overhead DLH X Required 1 Required 2 A manufactured product has the following information for August.

Costs per pool 500000 2000000 800000 Product D uses 3 setups. 15 per hr 15600 hrs. Direct labor 05 hours per unit 28 per hour Overhead 30 per direct labor hour Units manufactured 12600 Total manufacturing costs 460400 1 Compute the standard cost per unit.

Actual Results Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and Cost 2 pounds per unit 750 per pound 05 hour per unit 56 per DLH 72 per DLH 14000 units 1104400 1 Prepare the standard cost card showing standard cost per. Direct labor 2 hrs. SurfsUp Specialty Products has the following inventory account balances and related manufacturing cost flow information for the month of October.

Standard Actual Direct materials 2 lbs. F Company has the following information. Beginning balance Ending balance Raw materials 20000 30000 Work in process 15000 18000.

Standard Actual Direct materials 2 lbs. 16 per hr 15700 hrs. View chp 21 hw prt 4cjpg from ACCT 221 at Germanna Community College.

A manufactured product has the following information for June. Particulars Standard Actual Direct materials 6 lbs. 05 hour per unit 16 per DLH.

A manufactured product has the following information for August. Invoices for product costs paid during the month 493000 Product costs charged to Work in Process 737000 Cost of finished goods manufactured 718000 Cost of goods sold 739000 The product costs to be deducted from revenue in August amount to. Actual Results Direct materials Direct labor Overhead Units manufactured Total manufacturing costs Standard Quantity and cost 2 pounds per unit.

A manufactured product has the following information for August. A manufactured product has the following information for June. 920 per lb.

The following is information concerning a product manufactured by Ames Brothers. Actual Results Standard Quantity and Cost Direct materials 2 pounds per unit 500 per pound Direct labor 05 hour per unit 36 per DLH Overhead 42 per DLH Units manufactured Total manufacturing costs 1 Prepare the standard cost card showing standard cost per unit. Compute the 1 Standard cost per unit 2 Total budgeted cost for production in August 3 Total cost variance for August.

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