Delph had no overapplied or underapplied manufacturing overhead during the year.

Ending Finished Goods Inventory Budget

Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs:

For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 284,000 of them. Budgeted beginning inventory in units is 19,000 with unit cost of $4.85. (There are no beginning or ending inventories of work in process.)

Required:

1. Prepare an ending finished goods inventory budget for Play-Disc for the coming year. If required, round your answers to the nearest cent.

2. What if sales increased to 294,000 discs? How would that affect the ending finished goods inventory budget? Calculate the value of budgeted ending finished goods inventory.
Finished goods inventory has   to $

Imagine a monopoly producer in the computer industry called Megasoft. The market demand for computer products and the total cost at each level of output is given below. Fixed costs equal $140,000. Fill in the rest of the table and answer the following questions:

1. Is Megasoft a perfectly competitive firm? How can you tell?

2. What is the profit maximizing level of output for Megasoft? How can you tell?

3. How does Megasoft decide what price to charge?

4. What are the firm’s profits?

Brilliant Design Company makes custom chairs for individual customers. Brilliant Design Company is a job-order costing manufacturer that applies overhead on the basis of Direct Labor Cost. At the beginning of the year, to establish a predetermined overhead rate, Brilliant Design Company estimated total $700 in overhead costs and total $1,000 in direct labor cost.

On October 1, there was one job in process, Job 243, with a cost of $1,300.

Jobs 244, 245, and 246 were started during the month of October. Data on costs added during the month are as follows:

Job 245 was completed and the client was billed at cost plus 55%. All other jobs remained in process.

Q23. What is the manufacturing overhead applied to Job 243?

Q24. what is the total manufacturing overhead for job 245?

Q25. what is the Balance in work of process in October 31?

Q26. what is the price of Job 245?

Stefani Company has gathered the following information about its product.

Direct materials: Each unit of product contains 3.20 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.10 pounds. Materials cost $1 per pound, but Stefani always takes the 1.00% cash discount all of its suppliers offer. Freight costs average $0.40 per pound.

Direct labor. Each unit requires 2.90 hours of labor. Setup, cleanup, and downtime average 0.20 hours per unit. The average hourly pay rate of Stefani’s employees is $10.20. Payroll taxes and fringe benefits are an additional $3.70 per hour.

Manufacturing overhead. Overhead is applied at a rate of $4.90 per direct labor hour.

Compute Stefani’s total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.)

Please point out the final answers!

Thomas Ltd., a manufacturing firm, manufactures frames for the Kona Bicycle company. The company has supplied information from its accounting records for the last 12 months.

Use the above information to answer the following questions.

1. Using the high-low method calculate the variable rate for factory overhead.

2. Using the high-low method calculate the fixed cost for factory overhead

3.If the total cost of factory overhead equals $11,000 and the company manufacturers 5,500 frames, what is the total factory overhead cost per frame manufactured?

4. If the company increased production of frames by 50% in any given month would the total factory overhead cost per frame increase, decrease or stay the same?

The Assembly Department uses a process cost accounting system and a weighted-average cost flow assumption. The department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During July, RM190,000 of materials costs and RM133,000 in conversion costs were charged to the department. The beginning work in process inventory was RM108,000 on July 1, comprised of RM80,000 of materials costs and RM28,000 of conversion costs.

Other data for the month of July are as follows:

Beginning work in process inventory, 7/1 25,000 units (40% complete)

Units completed and transferred out 90,000 units

Ending work in process inventory, 7/31 10,000 units (20% complete)

Required:

1. Answer the following questions and show computations to support your answers.

2. How many physical units have to be accounted for in July?

3. What are the equivalent units of production for materials and for conversion costs for the month of July?

4. What is the total cost assigned to the 90,000 units that were transferred out of the process in July?

5. What is the total cost of the July 31 inventory?

[TOTAL: 10 MARKS]

Javascript array of objects: I'm trying to get the input into an array of objects, and then display the information in a table using a for loop, but I don't think my path is right

<!DOCTYPE html>

<head>
<title>Form</title>
<meta charset="utf-8" />

<style media="screen">

h1 {
text-align: center;
}

div {
background-color: #pink;
border: 2px solid green;
padding: 15px;
margin: 65px;
}

</style>

<script>
var list = [];
total = 0;
text = "";

function Product(item, quantity, costs){
this.item = item;
this.quantity = quantity;
this.cost = cost;
}

function insert() {
list.push(new Product(document.getElementById('productItem').value,
document.getElementById('productQuantity').value),
document.getElementById('productCost').value);

var table="<table ><tr><th>Item</th><th>Cost</th><th>Quantity</th></tr>";

for(var i=0;i<list.length;i++)

{
table+="<tr><td>"+list[i].item+"</td><td>"+list[i].cost+"</td><td>"+list[i].quantity+"</td><td>"+list[i].cost*list[i].quantity+"</td></tr>";
}

table+="</table>";
document.getElementById("demo1").innerHTML =table;
}

function displayReceipt() {
total = 0;
text = "";
text = "==============================================";
text += "<br /><h2>your order</h2>";
text += "<table><tr><th>Item</th><th>Cost</th><th>Quantity</th><th>Total</th></tr>";

for (var i = 0; i < list.length; i++) {

total+=list[i].cost*list[i].quantity;
text += "<tr><td>"+list[i].item+"</td><td>"+list[i].cost+"</td><td>"+list[i].quantity+"</td><td>"+list[i].cost*list[i].quantity+"</td></tr>";
}

text+="<tr><th colspan=3>Total Cost </th><th>"+total.toFixed(2)+"</th></tr>";
text += "</table>";

document.getElementById("demo2").innerHTML = text;
}

function checkout() {

displayReceipt();
}

</script>
</head>

<body>
<div>
<h1>market</h1>

<
<form>

Item: <input id="item" name="productItem" type="text" placeholder="Item"><br><br>
Cost: <input id="productCost" name="productCost" type="number" placeholder="Cost"><br><br>
Quantity: <input id="productQuantity" name="productQuantity" type="number" size="20" placeholder="Quantity"><br><br><br>
<input type="reset" value="Add to Cart" onclick="insert()">
<input type="button" value="Checkout" onclick="checkout()">
</form>

<p id="demo1"></p>
<p id="demo2"></p>
<p id="demo3"></p>

</div>

</body>
</html>

Exercise 9-25 Activity-Based versus Traditional Costing (L.O. 4, 5, 6)