Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and...
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Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and digital camcorders. Model Annual Sales in Units High Fi 11,400 17,400 Great P Techno uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows: High F $ 39.40 $ 19.00 Direct materials Direct labor Budget factory overhead: Engineering and Design Quality Control Machinery Miscellaneous Overhead Total Great P $ 26.80 $ 14.60 2,680 13,110 33,990 26,670 engineering hours inspection hours machine hours direct labor hours Techno's controller had been researching activity-based costing and decided to switch to it. A special study determined Techno's two products have the following budgeted activities: High F Great P 1,580 7,330 Engineering and design hours Quality control inspection hours Machine hours Labor hours Using the firm's volume-based costing, appiled factory overhead per unit for the High F model is? 1,100 5,780 20,420 12,140 $ 482,400 324,500 507,900 106, 160 $ 1,420,960 13,570 14,530 Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved - processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon 1,800 3,100 8,100 Work-in-process inventory - June 1 Work-in-process inventory - June 30 Started processing during June Total equivalent units for materials under the FIFO method are calculated to be: Percent Completed Materials Conversion 93 78 63 39 Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and digital camcorders. Model Annual Sales in Units High Fi 11,400 17,400 Great P Techno uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows: High F $ 39.40 $ 19.00 Direct materials Direct labor Budget factory overhead: Engineering and Design Quality Control Machinery Miscellaneous Overhead Total Great P $ 26.80 $ 14.60 2,680 13,110 33,990 26,670 engineering hours inspection hours machine hours direct labor hours Techno's controller had been researching activity-based costing and decided to switch to it. A special study determined Techno's two products have the following budgeted activities: High F Great P 1,580 7,330 Engineering and design hours Quality control inspection hours Machine hours Labor hours Using the firm's volume-based costing, appiled factory overhead per unit for the High F model is? 1,100 5,780 20,420 12,140 $ 482,400 324,500 507,900 106, 160 $ 1,420,960 13,570 14,530 Hook Bait Incorporated processes king salmon for various distributors. Two departments are involved - processing and packaging. Data relating to tons of king salmon processed in the processing department during June 2020 are provided below: Tons of King Salmon 1,800 3,100 8,100 Work-in-process inventory - June 1 Work-in-process inventory - June 30 Started processing during June Total equivalent units for materials under the FIFO method are calculated to be: Percent Completed Materials Conversion 93 78 63 39
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1 Calculate the applied factory overhead per unit for the High F model using the firms volumebased c... View the full answer
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
Posted Date:
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