Determine the cost per unit of production for previous month

Assignment Help Accounting Basics
Reference no: EM132671388

Question - St. Kilda Enterprises produces parts for the electronics industry. The production manager and cost analyst reviewed the accounts for the previous month and have provided an estimated breakdown of the fixed and variable portions of manufacturing overhead.

Fixed Variable Total

Indirect materials $3,800 $8,800 $12,600

Indirect labor 2,400 16,400 18,800

Supervision 9,800 3,400 13,200

Depreciation 36,800 4,800 41,600

Maintenance 16,800 21,800 38,600

Total $69,600 $55,200 $124,800

Direct materials for the month amounted to $101,500. Direct labor for the month was $196,500. During the month, 12,500 units were produced.

Required -

a. No changes are expected in these cost relations next month. The firm has budgeted production of 16,250 units. Provide an estimate for total production cost for next month.

b. Determine the cost per unit of production for the previous month and the next month.

Reference no: EM132671388

Questions Cloud

Why walmart and amazon are union-free employers : Please list the possible reasons why Walmart and Amazon are union-free employers. Is it legal for employers to discourage employees to form a union?
How do large banks make money : The very idea of interest is not acceptable in some third-world, Who is winning this borrowing money "game" in the global world? How do large banks make money?
Design and deliver an impactful business solution : Critically evaluate and justify the perspective of the user and the unique value proposition aimed at them in the development of the enterprise
Net value of the payments vs receipts in today dollars : Carol thomas will pay out 6k at the end of year 2, and 8k at the end of year 3, then carol will receive $10K at the end of year 4. Interest rate is 10%
Determine the cost per unit of production for previous month : Direct materials for the month amounted to $101,500. Direct labor for the month was $196,500. Determine the cost per unit of production for previous month
Identify a cultural attributes specific to netflix : Netflix says their "Talent Management" strategies shape their culture and motivate performance. Identify a minimum of two cultural attributes specific.
Determine the firm bond prices in the market : Since their time of issue, interest rates have increased. What is true of each of the firm's bond prices in the market, assuming they have equal risk?
Compute the gross profit earned under each of four inventory : Compute the gross profit earned under each of the four inventory valuation methods. Calculate the cost of goods sold under the FIFO
Record the entry by acme corporation on the issue : Record any other entry or entries necessay by Acme at year end Dec 31, 2010. Record the entry by Acme corporation on the issue of the shares to Bugs Oct 1

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the preliminary sample size

The population has 2,620 inventory items valued at $12,625,000. Calculate the preliminary sample size

  Immediate assistance for about 10 accounting problems

Are you available to provide immediate assistance for about 10 accounting problems? Files to follow.

  Does this situation represent a loss contingency

Prepare journal entries that summarize sales of the extended warranties (assume all credit sales) and any aspects of the warranty that should be recorded during the year.

  Calculate the amount of unrealized inventory profit

Perkins Company owns 85% of Sheraton Company. Calculate the amount of unrealized inventory profit for 2011 and 2012

  Knox company begins operations january 1 because all work

knox company begins operations january 1. because all work is done to customer specifications the company decides to

  Minimum and maximum cardinalities on the diagram

In both cases of components being used to make products and components being used to make other components, we need to keep track of how many components go into making something else. Draw an E-R diagram for this situation and place minimum and ma..

  Which days have lower median occupancy rates

Is the median occupancy rate approximately the same throughout the week? If not, which days have lower median occupancy rates

  What range does their romi fall into

Payless buys them for $10. They expect to sell an additional 35,000 shoes as a result of this campaign. What range does their ROMI fall into?

  What is a non-controlling interest

Where the parent company does not hold 100 percent equity of the subsidiary company, what portion of the intra-group transactions between the parent entity.

  Locate a competing organization in your local market

Instructions: Locate a competing organization in your local market (or region) to help develop your SWOT analysis. You can find this information on the website for the U.S. Chamber of Commerce. Your SWOT analysis should address the Questions to As..

  What accounting treatment if any is warranted

Suppose the analysis of a loss contingency indicates that an obligation is not probable. What accounting treatment if any is warranted?

  Calculate the deferred tax effect due to the depreciation

During 2014, P & P Products purchased $20,000 of computer equipment, Calculate the deferred tax effect due to the depreciation of equipment

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!

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