Question: 23-4 PLEASE ANSWER EVERY REQUIREMENT Data Table Direct Materials 0.2 lbs 0.25 per lb) 0.05 0.33 Direct Labor 3 minutes 0.11 per minute) Manufacturing Overhead:

23-4 PLEASE ANSWER EVERY REQUIREMENT

23-4 PLEASE ANSWER EVERY REQUIREMENT Data Table Direct Materials 0.2 lbs 0.25per lb) 0.05 0.33 Direct Labor 3 minutes 0.11 per minute) ManufacturingOverhead: Variable 3 minutes 0.06 per minute) 0.18 0.42 0.60 Fixed 3minutes 0.14 per minute) 0.98 Total Cost per Coffee Mug Print DoneMore Info a. There were no beginning or ending inventory balances. Allexpenditures were on account. b. Actual production and sales were 62,500 coffeemugs. c. Actual direct materials usage was 11,000 lbs. at an actualcost of $0.17 per lb. d. Actual direct labor usage was 197,000minutes at a total cost of $25,610. e. Actual overhead cost was

Data Table Direct Materials 0.2 lbs 0.25 per lb) 0.05 0.33 Direct Labor 3 minutes 0.11 per minute) Manufacturing Overhead: Variable 3 minutes 0.06 per minute) 0.18 0.42 0.60 Fixed 3 minutes 0.14 per minute) 0.98 Total Cost per Coffee Mug Print Done More Info a. There were no beginning or ending inventory balances. All expenditures were on account. b. Actual production and sales were 62,500 coffee mugs. c. Actual direct materials usage was 11,000 lbs. at an actual cost of $0.17 per lb. d. Actual direct labor usage was 197,000 minutes at a total cost of $25,610. e. Actual overhead cost was $9,850 variable and $30,550 fixed. f. Selling and administrative costs were $110,000. Print Done

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f