Question
In: Accounting
Budgeted unit costs and production for the two products made by Monica's Cat Foods, Inc. are...
Budgeted unit costs and production for the two products made by Monica's Cat Foods, Inc. are as follows: Kitty Gourmet Cat Yummies Units of Product 375,000 225,000 Direct materials $.85/unit $1.15/unit Direct labor $.05/unit $.07/unit Other information for the coming fiscal year is as follows: Required Units Required Units Budgeted Cost Kitty Cat Activity Costs Driver Gourmet* Yummies* Process Machinery $3,200,000 Machine Hours 8,000 9000 Inspection $150,000 Number of Batches 500 700 Shipping $288,000 Number of Shipments 100 750 Purchasing $17,000 Number of Orders 35 25 Machine Setup $280,000 Setup Hours 300 225 *required units of cost drivers The company only makes two products -- Kitty Gourmet and Cat Yummies. Using ABC, compute the budgeted total unit cost for Kitty gourmet
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Perma Corporation makes three products, A, B and C. The budgeted unit costs and resource requirements...
Perma Corporation makes three products, A, B and C. The budgeted
unit costs and resource requirements of each of these items are
given below: Per unit A B C £ £ £ Direct material cost 10 30 20
Direct labour cost 8 20 16 Variable overhead 6 14 12 Budgeted
volume per annum (units) 4,000 2,000 1,500 Selling price (£) 44 100
80 Fixed costs are expected to total £108,000. The cost of direct
material is £2.5 per kilo. All...
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 202,000 particle board units of production...
Costs per Equivalent Unit
Georgia Products Inc. completed and transferred 202,000 particle
board units of production from the Pressing Department. There was
no beginning inventory in process in the department. The ending
in-process inventory was 18,000 units, which were 3/4 complete as
to conversion cost. All materials are added at the beginning of the
process. Direct materials cost incurred was $968,000, direct labor
cost incurred was $244,380, and factory overhead applied was
$57,320.
Determine the following for the Pressing Department....
Costs per Equivalent Unit Georgia Products Inc. completed and transferred 89,000 particle board units of production...
Costs per Equivalent Unit
Georgia Products Inc. completed and transferred 89,000 particle
board units of production from the Pressing Department. There was
no beginning inventory in process in the department. The ending
in-process inventory was 2,400 units, which were 3⁄5 complete as to
conversion cost. All materials are added at the beginning of the
process. Direct materials cost incurred was $219,360, direct labor
cost incurred was $28,100, and factory overhead applied was
$12,598.
Determine the following for the Pressing Department....
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in...
Zhender Inc. manufactures hair brushes that sell at wholesale
for $2.60 per unit. Budgeted production in both 2018 and 2019 was
3,800 units. There was no beginning inventory in 2018. The
following data summarized the 2018 and 2019 operations:
2018
2019
Units sold
2,900
4,000
Units produced
3,800
3,800
Costs:
Variable factory overhead per unit
$
0.55
$
0.65
Fixed factory overhead
$
1,710
$
1,710
Variable marketing per unit
$
0.75
$
1.00
Fixed Selling and Administrative
$
650...
HairNeat Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in...
HairNeat Inc. manufactures hair brushes that sell at wholesale
for $2.60 per unit. Budgeted production in both 2016 and 2017 was
3,000 units. There was no beginning inventory in 2016. The
following data summarized the 2016 and 2017 operations:
2016
2017
Units sold
2,500
3,200
Units produced
3,000
3,000
Costs:
Variable manufacturing costs per unit
$0.65
$0.65
Fixed factory overhead
$1,290
$1,290
Variable marketing per unit
$0.80
$0.80
Fixed Selling and Administrative
$650
$650
Absorption costing operating income for 2017...
Zhender Inc. manufactures hair brushes that sell at wholesale for $2.60 per unit. Budgeted production in...
Zhender Inc. manufactures hair brushes that sell at wholesale
for $2.60 per unit. Budgeted production in both 2015 and 2016 was
3,000 units. There was no beginning inventory in 2015. The
following data summarized the 2015 and 2016 operations: 2015 2016
Units sold 2,500 3,200 Units produced 3,000 3,000 Costs: Variable
factory overhead per unit $0.65 $0.65 Fixed factory overhead $1,290
$1,290 Variable marketing per unit $0.80 $0.80 Fixed Selling and
Administrative $650 $650 Variable costing operating income for 2016...
Unit Costs, Multiple Products, Variance Analysis, Journal Entries Business Specialty, Inc., manufactures two staplers: small and...
Unit Costs, Multiple Products, Variance Analysis, Journal
Entries
Business Specialty, Inc., manufactures two staplers: small and
regular. The standard quantities of direct labor and direct
materials per unit for the year are as follows:
Small
Regular
Direct materials (oz.)
6.0
10.00
Direct labor (hrs.)
0.1
0.15
The standard price paid per pound of direct materials is $1.60.
The standard rate for labor is $8.00. Overhead is applied on the
basis of direct labor hours. A plantwide rate is used. Budgeted...
Allocation: Fixed and Variable Costs, Budgeted Fixed and Variable Costs Biotechtron, Inc., has two research laboratories...
Allocation: Fixed and Variable Costs, Budgeted Fixed and
Variable Costs
Biotechtron, Inc., has two research laboratories in the
Southwest, one in Yuma, Arizona, and the other in Bernalillo, New
Mexico. The owner of Biotechtron centralized the legal services
function in the Yuma office and had both laboratories send any
legal questions or issues to the Yuma office. The legal services
support center has budgeted fixed costs of $175,000 per year and a
budgeted variable rate of $66 per hour of...
Weekly production schedules are needed for the manufacture of two products X and Y. Each unit...
Weekly production schedules are needed for the manufacture of
two products X and Y. Each unit of X uses one component made in the
factory, while each unit of Y uses two of the components, and the
factory has a maximum output of 80 components a week. Each unit of
X and Y requires 10 hours of subcontracted work and agreements have
been signed with subcontractors for a minimum weekly usage of 200
hours and a maximum weekly usage of...
A firm makes two products, A and B. Each unit of A costs $10 and sells for $30. Each unit of B costs $5 and sells for $20.
A firm makes two products, A and B. Each unit of A costs $10 and sells for $30. Each unit of B costs $5 and sells for $20. If the firm's goal were to maximize profit what would be the appropriate objective function? Maximize profit = $40A - $25B Maximize profit = $40A + $25B Maximize profit = $20A +$15B Maximize profit = 0.25A +0.20B Maximize profit = $50(A + B)
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Singh Development Co. is deciding whether to proceed with Project X. The cost would be $12...
- CS2123 Data Structures - Fall 2019 Assignment 1: Function Runtimes Table Due 9/11/19 by 11:59pm Completing...
- Question 2. Design a 16-1 MUX using any number of lower MUXs, such as 8-1 or...
- . Write a function that takes, as arguments, two objects, value1 and value2. If
- Wii Brothers, a game manufacturer, has a new idea for an adventure game. It can market...
- Consider the distillation of ethanol (C2H5OH) and the combustion of ethanol . Use a bullet point...
- 1.How does Economic exposure to exchange rate movements affect the capital budgeting of a firm? Provide...
ADVERTISEMENT