Question

PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK! Job 101 has a direct materials cost of...

PLEASE ANSWER ALL QUESTIONS AND SHOW YOUR WORK!

Job 101 has a direct materials cost of $800 and a total manufacturing cost of $3,000. Overhead is applied to jobs at a rate of 150 percent of direct labor cost.

What is the prime cost?

-------------------------

Walnut Systems produces two different products, Product A, which sells for $124 per unit, and Product B, which sells for $196 per unit, using three different activities: Design, which uses Engineering Hours as an activity driver; Machining, which uses machine hours as an activity driver; and Inspection, which uses number of batches as an activity driver. The cost of each activity and usage of the activity drivers are as follows:    

Cost

Usage by Product A

Usage by Product B

Design (Engineering Hours)

$

103,790

513

907

Machining (Machine Hours)

$

241,385

2,318

3,214

Inspection (Batches)

$

81,883

298

515

Calculate the activity rate for design. Round to 2 decimal places

-------------------

Leonard Company has the following costs in its manufacturing company

Factory rent

$3,963

Direct labor

5,790

Indirect materials

584

Direct materials used

6,557

Sales commissions

2,630

Factory manager’s salary

2,951

Advertising

642

What are Leonard Company's conversion cost?

-----------------------

Anderson Inc incurred $90,264 in direct labor costs (5,244 hours) and $16,486 in supervision costs (paid in cash).
Debit to Manufacturing Overhead would be $_____________

Homework Answers

Answer #1

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