User Account

All Pages

Compute the individual product costs per unit

Assignment Help Cost Accounting
Reference no: EM132562264

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow:

                                                                        Basic                        Dominator                        Total

Units produced                                        1,250                       150                      1,400

Machine-hours                                           3,000                       1,000                      4,000

Direct labor-hours                                         3,000                         1,000                     4,000

Direct materials costs                                     $8,000                           $3,750                     $11,750

Direct labor costs                                               70,000                           36,000                     106,000

Manufacturing overhead costs                                  181,684

Total costs                                                           $299,434

Required:

Question 1: Compute the individual product costs per unit assuming that Tiger Furnishings uses direct labor costs to allocate overhead to the products. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Reference no: EM132562264

Questions Cloud

Calculate the in-house unit cost that must be compared : Calculate the in-house unit cost that must be compared with the quotation received from the outside contractor. Assume the payment to the outside contractor
Compare and contrast north korea and russia : Compare and Contrast North Korea and Russia. What are their similarities and differences? How should the international world deal with these regimes?
Would the company want derrick to pursue the investment : Would the company want Derrick to pursue this investment opportunity? Would Derrick be inclined to pursue this investment opportunity? Explain.
Drug abuse discussion : The problem of prescription drug abuse and overdose is complex, involving insufficient oversight to curb inappropriate prescribing,
Compute the individual product costs per unit : Compute the individual product costs per unit assuming that Tiger Furnishings uses direct labor costs to allocate overhead to the products.
What was compromised or breached : Write an analysis report about the recent attack on the US Office of Personnel Management. What was compromised or breached?
Describe what is the sustainability : One of today's hot topics in environmental science and surrounding disciplines is SUSTAINABILITY. What is sustainability. Don't look anything up.
What biblical tenets are helpful for managers : What biblical tenets are helpful for managers in ensuring that they are communicating with honesty and integrity regarding performance measures for employees?
Prepare separate computations for each project : Which investment alternative (if either) would you recommend the company accept? Show all computations using the net present value format

Reviews

Write a Review

Cost Accounting Questions & Answers

  How responsibility centers are used for budgeting process

From your text and at least one scholarly source, research information on responsibility centers. Explain how responsibility centers are used for the budgeting process

  Define how much are chin companys total manufacturing costs

The predetermined overhead rate is 70%. How much are Chin Company's total manufacturing costs for the year

  Find and solve expected cash collections from customers

Solve the expected cash collections from customers for May. Calculate the expected cash disbursements for merchandise purchases for May.

  What is the manufacturing cost per stairway

Compute the predetermined overhead rate using traditional costing with machine hours as the basis and what is the manufacturing cost per stairway under traditional costing?

  Lakeway enterprisesregression analysis casegeorganna

lakeway enterprisesregression analysis casegeorganna russell the controller of lakeway enterprises a fabricator

  What is meant by the terms relevant

What is meant by the terms relevant and irrelevant costs and revenues in Strategic Management Accounting decision making? Include several small numerical examples in your answer.

  What is the net income excluding separately stated items

What is the net income, excluding separately stated items, that each shareholder is required to report at the end of the year and how is each of the separately stated items treated on the shareholders' tax returns?

  How depreciation provides a means of expensing the cost

A newly hired manager of a engineering company,does not understand how the cost of the firm's equipment is expensed.

  Calculate the monthly quality-control cost

Calculate the monthly quality-control cost to be assigned to the enamel paint line under each of the product-costing systems - traditional system which assigns overhead on the basis of direct-labour cost.

  Calculate the amount of net income to common shareholders

Calculate the amount of net income to common shareholders derived from the excess return on creditors' capital and the amount from the return on common shareholders' capital.

  Establish and maintain accounting information systems

Andrew Dore is a system consultant with The Wizards Pty Ltd. Andrew's friend Justin has opened a new boat yard business, Floating Free Pty Ltd.

  Respect to residential apartment developments

Has the company breached its constitution with respect to residential apartment developments?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd