What is the total manufacturing cost per clock

Assignment Help Accounting Basics
Reference no: EM132768196

Question: Colonial Company manufactures decorative wall clocks and uses activity-based costing. Each clock consists of 20 separate parts totaling $95 in direct materials, and requires 2.5 hours of machine time to produce. Additional information is as follows:

Activity                       Allocation Base Cost         Allocation Rate

Materials handling             Number of parts               $0.08

Machining                          Machine hours                  7.20

Assembling                       Number of parts                0.35

Packaging               Number of finished clocks             2.70

What is the total manufacturing cost per clock?

Reference no: EM132768196

Questions Cloud

Compute the ending inventory using given details : Presented below is information related to Ivanhoe Corporation for the current year. Beginning inventory$ 606,900Purchases1,503,500Total goods available for sale
Prepare the journal entries for dufferin for the first year : On January 1, 2020, Dufferin Corp. enters into a 10-year non-cancellable lease with Pine Ltd. to lease equipment with an estimated useful life of 11 years.
Define substantive procedures to obtain sufficient evidence : Pineapple Beach Hotel Co. (Pineapple) operates a hotel providing accommodation, leisure facilities, and restaurants. Its year end was April 30, 2016.
Prepare the balance sheet and income statement : The owner invested P200,000 cash to the business. The business obtained a 12%, one-year, bank loan of P300,000 on October 1, 20x1.
What is the total manufacturing cost per clock : Colonial Company manufactures decorative wall clocks and uses activity-based costing. Each clock consists of 20 separate parts totaling $95 in direct materials.
What is carol''s outside basis following the distribution : In 2002, Carol and Alice formed C&A partnership by contributing cash. Note: neither of them contributed property using Sec. 721.
Determine number of weighted-average shares of common stock : On July 1 Alpha reacquired 10,000 shares. Use this information to determine the number of weighted-average shares of common stock
How the given new benefits will impact the net pay : Your organization, located in Manitoba, will be enhancing the group benefits plan offered to employees in two months by adding accidental death.
What is the value of ending inventory : LIFO, FIFO, & Moving Average Cost: Perpetual Inventory Methods: Rock Shop shows the following data related to an item of inventory.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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