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!
Woodland Industries manufactures and sells custom-made windows. Its job costing system was designed using an activity-based costing approach. Direct materials and direct labor costs are accumulated separately, along with information concerning three manufacturing overhead cost drivers (activities). Assume that the direct labor rate is $15 per hour and that there were no beginning inventories. The following information was available for 2013, based on an expected production level of 50,000 units for the year, which will require 200,000 direct labor hours:
Activity cost Driver
Budgeted Costs for 2013
Cost Driver Used as Allocation Base
Cost Allocation Rate
Materials handling
$250,000
Number of parts used
$0.20
per part
Cutting and lathe work
1,750,000
1.40
Assembly and inspection
4,000,000
Direct labor hours
20.00
the following production, costs, and activities occurred during the month of July:
Units Produced
Direct Materials Costs
Number of Parts Used
Direct Labor Hours
3,200
$107,200
70,400
13,120
1, Calculate the total manufacturing costs and the cost per unit of the windows produced during the month of July (using the activity-based costing approach).
Total Manufacturing Cost:
Cost Per Unit Produced:
2. Assume instead that Woodland Industries applies manufacturing overhead on a direct labor hours basis (rather than using the activity-based costing system previously described). Calculate the total manufacturing cost and the cost per unit of the windows produced during the month of July. (Hint: You will need to calculate the predetermined overhead application rate using the total budgeted overhead costs for 2013.)(Round ""cost per unit produced"" to 2 decimal places.)
Research and locate a company who was audited by an outside source and explain the method, technique, and findings of an audit.
company abc has a spending variance of 100000 f and efficiency variance of 100000 f and a volume variance of 300000 f.
Prepare the budgets for 1 quarter broken down monthly regarding your chosen item: estimated sales budget, estimated direct materials budget
question 1scores are obtained from law school admission test are normally distributed with a mean score of 550 and a
Evaluate revenue must K-Henry's generate in order to reach the break-even point and the variable utility cost per unit, to the nearest cent
part-11. how is job costing in service organizations different from job costing in manufacturing environments?2. if
Audio-Wave Company warrants its products for one year. The estimated product warranty is 2% of sales. Assume that sales were $85,000 for January. In February, a customer received warranty repairs requiring $210 of parts and $135 of labor.
Who are the potential stakeholders involved and what alternatives does Fred have in this situation? What might the company do to prevent this situation from occurring?
Calculate the companies predetermined overhead application rate and calculate the additions to the work-in-process inventory account for the direct material used, direct labor and manufacturing overhead.
Prepare journal entries in good form to record the foregoing transactions for the year ended June 30, 2011 and prepare a statement of net assets for the year ended June 30, 2011.
Evaluate the basic earnings per share for 2008 and evaluate the diluted earnings per share for 2008.
The standard materials cost of a product is $40 per unit, based on 10 pounds of raw materials at a standard cost of $4 per pound. During January 20X9, 1,000 units of product were produced, using 10,200 pounds of raw material at a cost of $4.20..
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