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Questions -
Q1. Use the information provided to calculate standard costs: To make one switch it takes 16 feet of plastic-coated copper wire and 0.4 pounds of plastic material. The plastic material can usually be purchased for $17 per pound, and the wire costs $2.38 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.3 hours. These workers are paid $26 per hour. The second type of labor is finishing, which takes 2.1 hours. These workers are paid $28 per hour. Overhead is applied using labor hours. The variable overhead rate is $14.71 per labor hour. The fixed overhead rate is $15.23 per hour. What is the total standard cost for manufacturing overhead?
Q2. Use the information provided to calculate standard costs: To make one switch it takes 17 feet of plastic-coated copper wire and 0.1 pounds of plastic material. The plastic material can usually be purchased for $20 per pound, and the wire costs $2.89 per foot. The labor necessary to assemble a switch consists of two types. The first type of labor is assembly, which takes 3.9 hours. These workers are paid $30 per hour. The second type of labor is finishing, which takes 2.5 hours. These workers are paid $29 per hour. Overhead is applied using labor hours. The variable overhead rate is $15.88 per labor hour. The fixed overhead rate is $14.85 per hour. What is the total standard cost?
The Cosmetics Department is one of many departments at the Northridge Store. What is the total amount of the costs
Identify three areas where break-even analysis might be used. For each area, identify the revenues, variable costs, and fixed costs that would be used
Rank the projects on the basis of NPV, and allocate the funds in order of this ranking. What project or projects were selected
The company closes out any underapplied or overapplied manufacturing overhead to cost of goods sold. What would the adjusted cost of goods sold
The overhead cost per unit of Product B under the traditional costing system is closest to: (Round your intermediate calculations to 2 decimal)
The allowance for the reject is 0,14 kilogram from each output. Based on this information, what is the standard price per kilogram of this input
Find how much will she have saved for their trip if the interest is compounded in each of the following ways? Maryann is planning a wedding anniversary
Munsters Pty Limited had a Benchmark Franking, What are the consequences of these two events for Munsters Pty Limited for the year ended 30 June 2021?
What is Brexity's opportunity cost if it chooses to buy the widget and start manufacturing sit ramp unit. Brexity company limited has research and production
Develop the purchase budget for the touchscreen for the first quarter (January to March) by each month and total quarter and second quarter
The standards for direct labour are 2.5 hours per unit at $16 per hour. What was the actual number of direct labour hours worked last month?
Please provide a pro-forma income statement for six years the following: Sales = 5,750,000 with 5% annual growth. Up-front cost of $2,000,000
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