Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Giant Manufacturing Co. specializes in manufacturing different models of bicycles. Assume that the market has responded enthusiastically to a new model, the Jaguar. As a result, the company has established a separate manufacturing facility to produce these bicycles. The company produces 1,000 of these bicycles per month. Giant's monthly manufacturing cost and other expenses data related to these bicycles are as follows.
1.
Rent on manufacturing equipment (lease cost)
$2,000/month
2.
Insurance on manufacturing building
$750/month
3.
Raw materials (frames, tires, etc.)
$80/bicycle
4.
Utility costs for manufacturing facility
$1,000/month
5.
Supplies for administrative office
$800/month
6.
Wages for assembly line workers in manufacturing facility
$30/bicycle
7.
Depreciation on office equipment
$650/month
8.
Miscellaneous materials (lubricants, solders, etc.)
$1.20/bicycle
9.
Property taxes on manufacturing building
$2,400/year
10.
Manufacturing supervisor's salary
$3,000/month
11.
Advertising for bicycles
$30,000/year
12.
Sales commissions
$10/bicycle
13.
Depreciation on manufacturing building
$1,500/month
Instructions
(a)Prepare an answer sheet with the following column headings.
Product Costs
Cost
Direct
Manufacturing
Period
Item
Materials
Labor
Overhead
Costs
Enter each cost item on your answer sheet, placing an "X" under the appropriate headings.
(b) Compute total manufacturing costs for the month.
Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.
Prepare the journal entries to record the bond issue and interest expense.
Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.
Prepare Revenues budget and Production budget in units
Effect of exchange rate changes on cash and cash
You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.
A cost-benefit analysis of electronic medical records in primary care
Theory of Interest- Non-annual interest rates and annuities
How is job costing in service organizations different from job costing in manufacturing environments?
Accounting for bad debt expense
Accounting and Partnership problems
Development of relevant cash flows - Cost estimating and financial analysis
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd