Carteret Inc. manufactures hammocks under various brand names. The company sells most of its hammocks in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Carteret Inc. manufactures hammocks under various brand names. The company sells most of its hammocks in the second quarter of each year. Their production budget for the second quarter shows the following number of hammocks needs to be produced: April May June 6,000 units 10,000 units 15,000 units Each unit requires 30 feet of cotton rope cord which costs $.50 per foot. The company has determined that it needs 20 percent of next month's raw material needs on hand at the end of each month. In addition, each hammock requires 45 minutes of direct labor for assembly and inspection at a cost of $.25 per minute. The company currently applies manufacturing overhead to production at the rate of $8 per direct labor hour. Refer to the Carteret Inc. information above. The cost of the rope cord that should be purchased in May is: Carteret Inc. manufactures hammocks under various brand names. The company sells most of its hammocks in the second quarter of each year. Their production budget for the second quarter shows the following number of hammocks needs to be produced: April May June 6,000 units 10,000 units 15,000 units Each unit requires 30 feet of cotton rope cord which costs $.50 per foot. The company has determined that it needs 20 percent of next month's raw material needs on hand at the end of each month. In addition, each hammock requires 45 minutes of direct labor for assembly and inspection at a cost of $.25 per minute. The company currently applies manufacturing overhead to production at the rate of $8 per direct labor hour. Refer to the Carteret Inc. information above. The cost of the rope cord that should be purchased in May is:
Expert Answer:
Answer rating: 100% (QA)
According to the production budget 10000 units of hammocks need to be produced in May Each unit requ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Tinas Fine Juices is a bottler of orange juice located in the Northeast. The company produces bottled orange juice from fruit concentrate purchased from suppliers in Florida, Arizona, and California....
-
Production and purchases budgets. Osage Inc. has actual sales for May and June and forecast sales for July, August, September, and October as follows: Actual: May . . . . . . . . . . . . . . . . . ....
-
A solid of constant density is bounded below by the plane z = 0, on the sides by the elliptical cylinder x 2 + 4y 2 = 4, and above by the plane z = 2 - x. a. Find x and y. b. Evaluate the integral...
-
Two sides of a triangle have lengths 12 m and 15 m. The angle between them is increasing at a rate of 2o/min. How fast is the length of the third side increasing when the angle between the sides of...
-
Sketch the differential Manchester encoding for the bit stream of the previous problem. Assume the line is initially in the low state.
-
Use the summary statistics in Exercise 11 to test the null hypothesis H0: 1 = 0 versus H1: 1 0. Use the = 0.01 level of significance.
-
Reliant Umbrellas has been approached by Plumpton Variety Stores of Nevada. Plumpton has expressed interest in an initial purchase of 5,000 umbrellas at $10 each on Reliant?s standard terms of 2/30,...
-
Repeat parts (a) through (d) assuming that Sweet Acacia prepares its financial statements using ASPE. The original estimate of the physical life of the building was 44 years, with a salvage value of...
-
Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows: Common Stock, $20 stated value...
-
A project has the following characteristics: It is in the execution stage. A new law requires immediate compliance. This law will impact the project's scope, schedule, and cost. What are three...
-
Jill Johnson s dream was always to open her own pizza restaurant. Finally, she decided to take the plunge. She quit her job, and took $ 2 0 , 0 0 0 of her retirement savings to start her restaurant....
-
Reflect on Dr. Bridge's lecture, his passion to create good in the world, and story of the business he created in Haiti. What are you passionate about? What problems would you like to tackle? What...
-
1.Melissa works at Company Indo China Bakery. They have trouble following employer rules, often attend at work late and use unsafe practices. They also fail to cooperate with other staff. Would they...
-
Why would one employ the horizontal analysis if conducting a financial analysis in a compan?
-
Kanco Industries has a relevant range extending to 31,000 units each month. The following performance report provides information about Kanco's budget and actual performance for September. (Click the...
-
What is the calculated value of the highest yearly average (for one month) in Cell C51 of the worksheet: SI and regression? Submit Month Demand 1/1/2019 2324 2/1/2019 2789 3/1/2019 2442 4/1/2019 3020...
-
Let (x) = x 2 - 9, g(x) = 2x, and h(x) = x - 3. Find each of the following. (((--) 2
-
The management committee of Grant Electronics Inc. was studying a report prepared by its economics department about the expansion of a plant to increase their production capacity. The CEO, Jim Smart,...
-
Differentiate between the role of the treasurer and the role of the controller.
-
Why do fixed costs create an element of the unknown in the decision-making process?
-
Execute an ANOVA to compare the attitudes, opinions, purchase and recommend likelihood of groups based on level of education completed and number of music products owned. What are the interesting...
-
Execute an ANOVA to compare the likelihood to purchase and recommend vinyl products for groups based on gender and age. What are the interesting findings?
-
Are there other topics that should be added to this questionnaire?
Study smarter with the SolutionInn App