Find the estimated manufacturing costs for victoria

Reference no: EM132717035

Victoria Co. is a small textile manufacturer using machine-hours to calculate the single indirect-cost rate to allocate manufacturing overhead costs to various jobs contracted during the year. The following estimates are provided for the coming year for the company to manufacture 1,000 jackets and for the 100 jackets to be custom made for Victoria High School Science Olympiad.

Company Victoria High School Job

Direct materials $25,000    $2,700
Direct manufacturing labor            $15,000    $1,500
Manufacturing overhead costs    $40,000
Machine-hours (mh)    500 mh 60 mh

Required:

Problem a. Determine the annual manufacturing overhead cost-allocation rate per machine hour for the Victoria Co.

Problem b. Determine the amount of manufacturing overhead costs allocated to the Victoria High School job.

Problem c. Determine the estimated total manufacturing costs for the Victoria High School job.

Problem d. Determine the estimated manufacturing costs for a jacket to be used in Victoria High School Olympiad.

Problem e. Determine the estimated manufacturing costs for Victoria Co. to make a jacket. Explain why the average cost of a jacket to manufacture by Victoria Co. is different from the custom made jacket for Victoria High School Olympiad.

Reference no: EM132717035

Questions Cloud

Discuss forms of implementation in terms of human services : Once a social change issue has been identified and one has settled on a policy, the next step is to present the policy to the decision-makers.

Describe the prompt article by walker : Briefly describe the prompt article by Walker (2019) and the two prompt option video clips.

Physical security is categorized very crucial for public : Physical security (PS) is categorized very crucial for public and private organizations to protect and defend their assets, data, resources, personnel,

Explain the effect of smoking : Explain the effect of smoking on a type 2 diabetic patient.

Find the estimated manufacturing costs for victoria : How do Determine the estimated manufacturing costs for Victoria Co. to make a jacket. Explain why the average cost of a jacket to manufacture by Victoria Co

Discuss the three major legal forms of business organisation : Discuss the three major legal forms of business organisation available to businesses together with their respective advantages and disadvantages

Explain conflicts between employers and employees : Discuss the following statement: "Health care costs are out of control in the United States, and increasing conflicts between employers and employees.

Sampling to reduce the number of data objects : Discuss the advantages and disadvantages of using sampling to reduce the number of data objects that need to be displayed.

Difference between ideology and islamic ideology : Discuss difference between Ideology and Islamic Ideology.

User Account

All Pages