Direct material, Cost Accounting

Assignment Help:

Flying High Company manufactures model airplanes. During the month, it manufactured 10,000 airplanes. Each one used an average of 6.5 direct labor hours and an average of 1.5 sheets of aluminum. It normally manufactures 7,500 airplanes. Materials and labor standards for making the airplanes are:
Direct Material (1 Sheet of aluminum @ $10.00) $10.00
Direct Materials (Other accessories @ $8.75) 8.75
Direct Labor (6 hours @ $7.00) 42.00
1. 1) Compute the standard hours allowed for a volume of 10,000 airplanes
A. 420,000 HRS
B. 60,000 HRS
C. 65,000 HRS
D. 70,000 HRS
Show Work.
22. Compute the standard number of sheets of aluminum allowed for a volume of 10,000 airplanes.
A. 10,000 Sheets .A
B.7,500 Sheets .B
C.11,250 Sheets .C
D.15,000 Sheets .D 


Related Discussions:- Direct material

Definition of budget, DEFINITION OF BUDGET As per the Institute of Cos...

DEFINITION OF BUDGET As per the Institute of Cost & Management (ICMA), London, a BUDGET is 'a quantitative statement and / or financial, prepared and approved prior to a defin

Prepare a statement of cash flows, 2012                     2011 Cash   ...

2012                     2011 Cash                               12200                 17700 Acct receivable                  25200                  22300 Investments

Determine the costs of goods, Savage Distribution markets CDs of performing...

Savage Distribution markets CDs of performing artist Little Sister.  At the beginning of October, Savage had in beginning inventory 1,200 Little Sister's CDs with a unit cost of $5

Mini Report about Brand Image, Write a mini report in which you "Critically...

Write a mini report in which you "Critically Describe, Aanlyse and Reflect on the Brand Image Extension.  This task must include evidence of collection primary data on the same

introduction of internal rate of return , Introduction of Internal Rate of...

Introduction of Internal Rate of Return The traditional internal rate of return (IRR) method of project selection has been shown to be inferior to the NPV method due to vario

Absorption of non production overheads in production cost, Absorption of No...

Absorption of Non Production Overheads in Production Cost Product costs may be compiled for a range of purposes including a) Stock valuation b) Product pricing c) Dec

British Columbia Lumber has a Raw Lumber Division, British Columbia Lumber ...

British Columbia Lumber has a Raw Lumber Division and a Finished Lumber Division. The  variable costs are: 1.Raw Lumber Division: Rs. 100 per 100 board-feet of raw lumber 2.F

Cost volume analysis, Production of a particular product costs $50 per mate...

Production of a particular product costs $50 per material, $80 per labour and variable overhead is 75% of labour cost. If the selling price per unit is $230 and fixed cost amounts

Write Your Message!

Captcha
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