Super Electronics Ltd manufactures computers and notebooks. The company has the two support departments that provide...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Super Electronics Ltd manufactures computers and notebooks. The company has the two support departments that provide services to two manufacturing departments. The following information is available. Direct labour hours Usage of Personnel (labour hours) Usage of Computing (labour hours) Departmental costs: Direct material ($) Direct labour ($) Manufacturing overhead ($) Total ($) Manufacturing Departments Machining Packing 2,000 52,000 50 100 50 50 500,000 120,000 700,000 1,320,000 800,000 700,000 350,000 1,850,000 Support Departments Personnel Computing 1,000 2,500 Labour hours Departmental costs: Direct labour and materials (Var ble) ($) 100,000 Fixed overhead ($) 50,000 Total ($) 150,000 150,000 200,000 350,000 Calculate the plantwide overhead rate if Super Electronics uses direct labour hours to assign overhead to products. Please round your answer to 2 dec places. A manufacturing company has set the following standards for the production of one unit of product. However, some information was accidentally deleted by a new accounts clerk. The budgeted number of units to be produced for the month of June is 600. Direct material price per kg ($ per kg): ? Direct material quantity per unit of product (kg): 6 The actual production for the month of June amounted to 490 units, and the actual data recorded for the month are as follows: Direct material price per kg ($ per kg): 6.5 Direct material purchased (kg): 5835.9 ? Direct material quantity used (kg): The following variances have been reported for the month of June: Direct material price variance ($): 3,000 U Direct material quantity variance ($): -500 F Question 1 What is the standard direct material price per kg? Round to 2 dec places if required. $0 per kg Your last answer was interpreted as follows: 0 Question 2 What is the actual direct material quantity used? Round to 2 dec places if required. 0 kg The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at peak efficiency, a skilled worker will take 19 hours to produce assemble one massage chair and 20 minutes to package one massage chair. However, due to the complexity of manufacturing the chair, even a skilled worker who is highly efficient often needs another 0.5 hr to adjust the tools, re-oil relevant machinery and rework some parts of the chair prior to packaging. A skilled worker is paid $40 per hour which excludes on-costs of 20 per cent. Question If the company adopts practical standards, what is the standard labour cost for one massage chair? Round to 2 dec places if required. $0 Your last answer was interpreted as follows: 0 Question Assume that for every 69 massage chairs assembled, 35 massage chairs will be defective and will have to discarded. If the company adopts practical standards, recalculate the standard labour cost for one massage chair. Round to 2 dec places if required. $0 Super Electronics Ltd manufactures computers and notebooks. The company has the two support departments that provide services to two manufacturing departments. The following information is available. Direct labour hours Usage of Personnel (labour hours) Usage of Computing (labour hours) Departmental costs: Direct material ($) Direct labour ($) Manufacturing overhead ($) Total ($) Manufacturing Departments Machining Packing 2,000 52,000 50 100 50 50 500,000 120,000 700,000 1,320,000 800,000 700,000 350,000 1,850,000 Support Departments Personnel Computing 1,000 2,500 Labour hours Departmental costs: Direct labour and materials (Var ble) ($) 100,000 Fixed overhead ($) 50,000 Total ($) 150,000 150,000 200,000 350,000 Calculate the plantwide overhead rate if Super Electronics uses direct labour hours to assign overhead to products. Please round your answer to 2 dec places. A manufacturing company has set the following standards for the production of one unit of product. However, some information was accidentally deleted by a new accounts clerk. The budgeted number of units to be produced for the month of June is 600. Direct material price per kg ($ per kg): ? Direct material quantity per unit of product (kg): 6 The actual production for the month of June amounted to 490 units, and the actual data recorded for the month are as follows: Direct material price per kg ($ per kg): 6.5 Direct material purchased (kg): 5835.9 ? Direct material quantity used (kg): The following variances have been reported for the month of June: Direct material price variance ($): 3,000 U Direct material quantity variance ($): -500 F Question 1 What is the standard direct material price per kg? Round to 2 dec places if required. $0 per kg Your last answer was interpreted as follows: 0 Question 2 What is the actual direct material quantity used? Round to 2 dec places if required. 0 kg The management accountant of a furniture manufacturer is developing a standard for the labour cost of one massage chair. When operating at peak efficiency, a skilled worker will take 19 hours to produce assemble one massage chair and 20 minutes to package one massage chair. However, due to the complexity of manufacturing the chair, even a skilled worker who is highly efficient often needs another 0.5 hr to adjust the tools, re-oil relevant machinery and rework some parts of the chair prior to packaging. A skilled worker is paid $40 per hour which excludes on-costs of 20 per cent. Question If the company adopts practical standards, what is the standard labour cost for one massage chair? Round to 2 dec places if required. $0 Your last answer was interpreted as follows: 0 Question Assume that for every 69 massage chairs assembled, 35 massage chairs will be defective and will have to discarded. If the company adopts practical standards, recalculate the standard labour cost for one massage chair. Round to 2 dec places if required. $0
Expert Answer:
Answer rating: 100% (QA)
Lets tackle each question one by one First ImageQuestion Calculate the plantwide overhead rate Plantwide overhead rate is calculated by dividing total manufacturing overhead costs by the total number ... View the full answer
Related Book For
Cost Management Measuring Monitoring And Motivating Performance
ISBN: 9781118168875
2nd Canadian Edition
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook
Posted Date:
Students also viewed these accounting questions
-
1. Solve. 2. Solve. 49 86 = 272 x 98 = Answer: 3. Answer: Estimate the product of 9.8 x 59.22. Then solve. Estimate: Answer: Tanya runs for 55 minutes each day. What is the total amount of minutes...
-
The Gleason Company, a Canadian division of a large international company, has prepared estimated costs for next year that can be traced to each department as follows: Building and grounds...
-
When do you use your mental shortcut (system 1) to make purchase decisions?When do you use deliberate and rational thinking (system 2) to make purchase decisions? What are the pros and cons of...
-
Some observers maintain that not all politicians move toward the middle of the political spectrum in order to obtain votes. They often cite Barry Goldwater in the 1964 presidential election and...
-
On April 1, Moore gave Pipkin a check properly drawn by Moore on Zebra Bank for $5,000 in payment of a painting to be framed and delivered the next day. Pipkin immediately indorsed the check and gave...
-
Give equations for parabolas and tell how many units up or down and to the right or left each parabola is to be shifted. Find an equation for the new parabola, and find the new vertex, focus, and...
-
5 percent interest per month. The sterilizer was delivered on August 23, 1996. The last payment was received on April 21, 1998. At the time of the last payment, the defendant still owed the plaintiff...
-
Mary Beth Marrs, the manager of an apartment complex, feels overwhelmed by the number of complaints she is receiving. Below is the check sheet she has kept for the past 12 week. Develop a Pareto...
-
1 Problem 4 - A firm's optimal output choice (10 points) Consider a price taking firm, where the market price for the output is given by P. The firm's output choice is denote by Q. The firm has a...
-
Golden Corporation's current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable...
-
Evaluate the limit (if it exists). Use L'Hospital's Rule (if appropriate). lim X-00 In x Select the correct choice below and, if necessary, fill in the answer box to complete your choice. 5+4x Inx...
-
What happens to the value of a perpetuity when interest rates increase or decrease?
-
What are the advantages and disadvantages of preferred stock financing?
-
What are the advantages and disadvantages of the holding company form of organization?
-
What is the major difference between fee-for-service reimbursement and capitation?
-
What is a perpetuity?
-
1) Black vultures excel at gliding flight; they can move longdistances through the air without flapping their wings whileundergoing only a modest drop in height. A vulture in a typicalglide in still...
-
TRUE OR FALSE: 1. Banks with a significantly large share of fixed-interest rate home loans are less exposed to interest rate risks. 2. Although Australian banks are pretty big, they are not...
-
Assume that MacHine management is considering using throughput costing for management decision making. (Refer to Exercise 15.36) Exercise 15.36 MacHine Company produces a part used in the manufacture...
-
Explain several problems that arise when allocated costs are used to charge for support services.
-
The Better Business Bureau (BBB), through its BBB Wise Giving Alliance, provides information on the Internet about charitable organizations in the United States and Canada (see give.org or go to...
-
Approximately 50,000 new titles, including new editions, are published each year in the United States, giving rise to a $25 billion industry in 2001. In terms of percentage of sales, this industry...
-
When you think of political persuasion, you may think of the effortsthat political campaigns undertake to persuade you that their candidate is betterthan the other candidate. In truth, campaigns are...
-
Exeter, Inc., is a catalog firm that sells products in a number of different catalogs that it owns. The catalogs number in the dozens but fall into nine basic categories: 1. Clothing 2. Housewares 3....
Study smarter with the SolutionInn App