Question

In: Finance

Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units...

Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced: April 1,100 units May 1,250 units June 1,300 units Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.15 per unit and component B cost is $.85 per unit. 7. Calculate the Direct Material budgeted cost for May 2018 8. Calculate the Direct Material budgeted cost for the quarter April - June 2018 9. The raw materials inventory policy is 0 ending inventory, 0 beginning inventory. How much inventory of component A is required in April 2018? Each unit requires the following labor: 2 hours in the processing department 1 hour in the assembly department Processing department labor rate is $5/hour Assembly department labor rate is $7/hour Using the information from the production budget of Tangshang Industries 10. Calculate Total Direct Labor Cost in the processing department for the quarter April – June 2018. 11. Calculate Total Direct Labor Cost for June 2018. 12. Calculate Total Direct Labor Cost for the quarter April – June 2018. Variable Factory overhead is $.60 per unit Fixed Factory overhead is $1,000 monthly Using the information from the production budget of Tangshang Industries 13. Calculate total variable overhead cost for May 2018 14. Calculate total variable overhead cost for the quarter April - June 2018 15. Calculate total overhead cost for the quarter April - June 2018 16. Calculate total product cost for the quarter April - June 2018 17. Calculate total product cost per unit for the quarter April - June 2018 18. If the sale price is $34.00, what will be the Gross Profit per unit? 19. If the sale price is $34.00 for the units produced during the quarter, what will be the Total Gross Profit?

Solutions

Expert Solution

jeff jeffy answered 2 years ago
Next > < Previous

Related Solutions

Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units...
Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced: April    1,000 units May     1,200 units June     1,250 units Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.25 per unit and component B cost is $.80 per unit. Each unit requires the following labor: 2 hours in the processing department 1 hour in the assembly department Processing department labor rate...
Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units...
Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced: April 1,000 units May    1,200 units June    1,250 units Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.25 per unit and component B cost is $.80 per unit. A. Calculate the Direct Material budgeted cost for May 2018 B. Calculate the Direct Material budgeted cost for the quarter April - June...
Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units...
Tangshang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced: April    1,000 units May     1,200 units June     1,250 units Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.25 per unit and component B cost is $.80 per unit. Each unit requires the following labor: 2 hours in the processing department 1 hour in the assembly department Processing department labor rate...
Tanghang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units...
Tanghang Industries production budget from the 2nd quarter of 2018, projected the following amounts of units to be produced: April 1,100 units May     1,250 units June     1,300 units Each unit requires 2 parts of component A and 3 parts of component B. Component A cost is $1.15 per unit and component B cost is $.85 per unit. Calculate the Direct Material budgeted cost for May 2018 Calculate the Direct Material budgeted cost for the quarter April - June 2018 The...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April May June Sales 45,000 35,000 55,000 Production 55,000 45,000 45,000 Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 25% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $70,000 per month. The accounts payable balance on March 31 totals...
Tilson Company has projected sales and production in units for the second quarter of the coming...
Tilson Company has projected sales and production in units for the second quarter of the coming year as follows:                                                 April                May                 June Sales                                        55,000             45,000             65,000 Production                              65,000             55,000             55,000 Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month. The accounts payable balance on March...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows:     April   May   June Sales   50,000   40,000   60,000 Production   60,000   50,000   50,000 Cash-related production costs are budgeted at $8 per unit produced. Of these production costs, 35% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $80,000 per month. The accounts payable balance on March 31...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April May June Sales 49,000 39,000 59,000 Production 59,000 49,000 49,000 Cash-related production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $60,000 per month. The accounts payable balance on March 31 totals...
Bainbridge, Inc. has projected sales and production in units for the second quarter of the coming...
Bainbridge, Inc. has projected sales and production in units for the second quarter of the coming year as follows: August September October Production 95,000 85,000 70,000 Sales 85,000 75,000 95,000 Cash-related production costs are budgeted at $12 per unit produced. Of these production costs, 35% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $125,000 per month and increase 2% each month thereafter. The accounts...
Tilson Corporation has projected sales and production in units for the second quarter of the coming...
Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April May June Sales 53,000 43,000 63,000 Production 63,000 53,000 53,000 Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $50,000 per month. The accounts payable balance on March 31 totals...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT