Reference no: EM131289566
Dixon manufacturing company makes alluminum alloy wheels for automobiles, they recently introduced one to fit small sports cars. the following standards are used for the new product,
amount of material per wheel 2 pounds
price of direct material per pound $7.50
quantity of labor per wheel 2.50 hours
price of direct labor per hour $16.00/hr
total budgeted fixed overhead $168000
in its first year of production dixon planned to produce 3000 sets of wheels. Because of unexpected demands it actually produced 3600 sets of wheels. by year end direct material purchased and used amount to 30000 pounds of alluminum at a cost of 234000. direct labor was 16.80 per hour. actual hours worked were 2.2 hrs per wheel. Overhead for the year was 180000. overhead is applied to products using a predetermined overhead overhead rate based on total estimated number of wheels produced.
Required
a. compute standard cost per wheel of direct materials, direct labor and overhead
b. determine the total standard cost per wheel
c. compute the actual cost per wheel for direct materials, direct labor and overhead
d. compute actual cost per wheel
e. compute price and usage variaance for direct materials and direct labor.
f. compute the fixed manufacturing overhead cost spending and volume varience and explain your findings.
|
How did the marketer distribute the sales promotion
: How did the marketer distribute the sales promotion? What was the purpose of the sales promotion, and was it effective?
|
|
Components of deming profound knowledge
: Failure to understand the components of Deming's profound knowledge can create some severe problems. Answer the following three questions to relating Peter Scholtes's observations about the failure to understand Deming's profound knowledge.
|
|
Design a sales promotion campaign using online
: Develop a presentation to pitch your campaign to the business or organization and incorporate what you've learned about the selling process.
|
|
Percent of the intercity ton-miles
: Pipelines account for more than 20 percent of the intercity ton-miles but less than 5 percent of the revenue paid by shippers to transportation companies. What factors account for this contrast? Is this situation likely to change? Why or why not?
|
|
Compute the actual cost per wheel for direct materials
: Dixon manufacturing company makes alluminum alloy wheels for automobiles, they recently introduced one to fit small sports cars. compute standard cost per wheel of direct materials, direct labor and overhead. determine the total standard cost per whe..
|
|
What protections and incentives are available
: What protections and incentives are available under the Federal False Claim Act to encourage employees to report illegal behavior?
|
|
Discuss about the normalization
: Discuss about the Normalization.What errors prevent the table displayed above from being first normal form compliant? Be specific, identifying all columns that create the normalization error by name.
|
|
Establish long-term goals and objectives
: Write a 1,050-word report on the company you selected in Week 3, following up on the Individual Assignment of Week 3 (Environmental Scanning), and address the following:
|
|
Abolish the corporate income tax
: Corporations employ individuals who are taxpayers. These individuals in turn pay tax on their wages. In addition, when corporations distribute profits to shareholders, these dividends are taxed. To encourage corporations to invest domestically, it ha..
|