Reference no: EM132502505
Big Thumbs Company manufactures portable flash drives for computers. Big Thumbs incurs monthly depreciation costs of $14,400 on its plant equipment. Also, each drive requires materials and manufacturing overhead resources. On average, the company uses 17,500 ounces of materials to manufacture 7,000 flash drives per month. Each ounce of material costs $3.00. In addition, manufacturing overhead resources are driven by machine hours. On average, the company incurs $42,000 of variable manufacturing overhead resources to produce 7,000 flash drives per month.
In your calculations, round variable rate per flash drive to the nearest cent. If required, round final answers to the nearest cent.
Required:
Question 1. formula for the monthly cost of flash drives for Big Thumbs.
Total cost of flash drives = $ ? + ($ ? x Number of flash drives)
Question 2. If the department expects to manufacture 6,000 flash drives next month, what is the expected fixed cost (assume that 6,000 units is within the company's current relevant range)?
Question 3. What is the total variable cost (assume that 6,000 units is within the company's current relevant range)?
Question 4. What is the total manufacturing cost (i.e., both fixed and variable) (assume that 6,000 units is within the company's current relevant range)?
|
How to calculate and interpret variances for direct labor
: Explain how to calculate and interpret variances for direct labor, and how to calculate and interpret variances for manufacturing overhead.
|
|
Which would be an indirect cost to the liquid department
: Which would be an indirect cost to the Liquid Department, depreciation of liquefying equiptment, or manufacturing plant insurance?
|
|
What percentage growth in current assets is required
: What percentage growth in current assets is required to support the growth in sales under the percent-of-sales forecasting method?
|
|
What is the cost of goods sold
: The current ratio for the company is 1.50 and the quick ratio is 0.85. If the current assets for the firm are $1,800,000, what is the cost of goods sold?
|
|
What is the total manufacturing cost
: What is the total manufacturing cost (i.e., both fixed and variable) (assume that 6,000 units is within the company's current relevant range)?
|
|
What are the implied forward rates
: The yields on 1-year, 2-year and 3-year, risk-free, zero-coupon bonds are 2%, 2.5% and 3%, respectively.
|
|
What are some longer-term consequences of roth behaviour
: Were the actions taken by Roth in the current fiscal year to improve his performance on direct materials and direct labour costs ethical?
|
|
Describe the age of the nation-states and a new public
: Describe "the age of the nation-states" and "a new public." What functions does the nation-state perform in the culture of capitalism?
|
|
Assignment - Please complete AC analysis part
: Electrical Engineering Assignment - Please complete AC analysis part. With no input signal adjust the potentiometer to obtain balance between transistors
|