Question
In: Accounting
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month...
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:
|
Fixed Cost per Month |
Cost per Machine-Hour |
||||
| Direct materials | $ | 5.50 | |||
| Direct labor | $ | 42,900 | |||
| Supplies | $ | 0.40 | |||
| Utilities | $ | 2,000 | $ | 0.25 | |
| Depreciation | $ | 14,900 | |||
| Insurance | $ | 11,900 | |||
For example, utilities should be $2,000 per month plus $0.25 per machine-hour. The company expects to work 4,200 machine-hours in June. Note that the company’s direct labor is a fixed cost.
Required:
Prepare the company’s planning budget for June.
|
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Solutions
Expert Solution
Wyckam Manufacturing Inc.
Planning Budget for Manufacturing Cost
For the Month Ended June 30
Direct
materials
$23,100
Direct
labor
$42,900
Supplies
$1,680
Utilities
$3,050
Depreciation
$14,900
Insurance
$11,900
Total manufacturing
cost
$97,530
Explanation
Direct materials - ($5.5 × 4,200) = $23,100
Supplies - ($0.40 × 4,200) = $1,680
Utilities - ($2000 + ($0.25 ×4,200)) = $3,050
ekkarill92 answered 1 year agoRelated Solutions
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month...
Wyckam Manufacturing Inc. has provided the following information
concerning its manufacturing costs:
Fixed Cost
per Month
Cost per
Machine-Hour
Direct materials
$
5.50
Direct labor
$
42,000
Supplies
$
0.10
Utilities
$
1,400
$
0.25
Depreciation
$
15,400
Insurance
$
11,300
For example, utilities should be $1,400 per month plus $0.25 per
machine-hour. The company expects to work 4,400 machine-hours in
June. Note that the company’s direct labor is a fixed cost.
Required:
Prepare the company’s planning budget for June....
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has provided the following data concerning
its costs:
Fixed Cost
per Month
Cost per
Repair-Hour
Wages and salaries
$
20,800
$
15.00
Parts and supplies
$
7.60
Equipment depreciation
$
2,710
$
0.30
Truck operating expenses
$
5,750
$
1.50
Rent
$
4,610
Administrative expenses
$
3,900
$
0.60
For example, wages and salaries should be $20,800 plus $15.00
per repair-hour. The company expected to work 2,800 repair-hours in
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Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has provided the following data concerning
its costs:
Fixed Cost
per Month
Cost per
Repair-Hour
Wages and salaries
$
20,800
$
15.00
Parts and supplies
$
7.10
Equipment depreciation
$
2,770
$
0.35
Truck operating expenses
$
5,740
$
1.60
Rent
$
4,600
Administrative expenses
$
3,840
$
0.50
For example, wages and salaries should be $20,800 plus $15.00
per repair-hour. The company expected to work 2,600 repair-hours in
May, but actually worked 2,500 repair-hours. The company...
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has provided the following data concerning
its costs: Fixed Cost per Month Cost per Repair-Hour Wages and
salaries $ 21,400 $ 15.00 Parts and supplies $ 7.80 Equipment
depreciation $ 2,780 $ 0.55 Truck operating expenses $ 5,720 $ 1.70
Rent $ 4,650 Administrative expenses $ 3,860 $ 0.40 For example,
wages and salaries should be $21,400 plus $15.00 per repair-hour.
The company expected to work 3,000 repair-hours in May, but
actually worked 2,900 repair-hours. The company...
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has
provided the following data concerning its costs:
Fixed Cost
per Month
Cost per
Repair-Hour
Wages and
salaries
$
20,700
$
16.00
Parts and
supplies
$
7.30
Equipment
depreciation
$
2,730
$
0.35
Truck operating
expenses
$
5,720
$
1.60
Rent
$
4,640
Administrative
expenses
$
3,850
$
0.60
For example, wages and
salaries should be $20,700 plus $16.00 per repair-hour. The company
expected to work 2,700 repair-hours in May, but actually worked
2,600 repair-hours. The company...
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has provided the following data concerning
its costs:
Fixed Cost
per Month
Cost per
Repair-Hour
Wages and salaries
$
21,300
$
15.00
Parts and supplies
$
7.80
Equipment depreciation
$
2,740
$
0.45
Truck operating expenses
$
5,700
$
1.90
Rent
$
4,690
Administrative expenses
$
3,880
$
0.60
For example, wages and salaries should be $21,300 plus $15.00
per repair-hour. The company expected to work 2,500 repair-hours in
May, but actually worked 2,400 repair-hours. The company...
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has provided the following data concerning
its costs:
Fixed Cost
per Month
Cost per
Repair-Hour
Wages and salaries
$
21,100
$
15.00
Parts and supplies
$
7.10
Equipment depreciation
$
2,740
$
0.40
Truck operating expenses
$
5,710
$
1.60
Rent
$
4,620
Administrative expenses
$
3,880
$
0.60
For example, wages and salaries should be $21,100 plus $15.00
per repair-hour. The company expected to work 2,600 repair-hours in
May, but actually worked 2,500 repair-hours. The company...
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has provided the following data concerning
its costs: Fixed Cost per Month Cost per Repair-Hour Wages and
salaries $ 20,900 $ 15.00 Parts and supplies $ 7.50 Equipment
depreciation $ 2,760 $ 0.45 Truck operating expenses $ 5,790 $ 1.70
Rent $ 4,690 Administrative expenses $ 3,820 $ 0.40 For example,
wages and salaries should be $20,900 plus $15.00 per repair-hour.
The company expected to work 2,900 repair-hours in May, but
actually worked 2,800 repair-hours. The company...
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has provided the following data concerning
its costs:
Fixed Cost
per Month
Cost per Repair-Hour
Wages and
salaries
$
21,400
$
15.00
Parts and
supplies
$
7.60
Equipment
depreciation
$
2,740
$
0.40
Truck operating
expenses
$
5,730
$
1.60
Rent
$
4,670
Administrative
expenses
$
3,810
$
0.60
For example, wages and salaries should be $21,400 plus $15.00
per repair-hour. The company expected to work 2,700 repair-hours in
May, but...
Jake’s Roof Repair has provided the following data concerning its costs: Fixed Cost per Month Cost...
Jake’s Roof Repair has provided the following data concerning
its costs:
Fixed Cost
per Month
Cost per
Repair-Hour
Wages and salaries
$
21,300
$
15.00
Parts and supplies
$
7.30
Equipment depreciation
$
2,750
$
0.55
Truck operating expenses
$
5,790
$
1.80
Rent
$
4,650
Administrative expenses
$
3,900
$
0.40
For example, wages and salaries should be $21,300 plus $15.00
per repair-hour. The company expected to work 2,700 repair-hours in
May, but actually worked 2,600 repair-hours. The company...
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