Question

A direct material of manufacturing a product is $103.95, direct labour cost is $46.20, and overhead...

A direct material of manufacturing a product is $103.95, direct labour cost is $46.20, and overhead is $57.75
a) what is the percent content of each element of cist in the product
b) what is the overhead percent rate based on direct labour

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20, and...
The direct material cost of manufacturing a product is $103.95, direct labour cost is $46.20, and overhead is $57.75. What is the percent content of each element of cost in the product? What is the overhead percent rate based on direct labour? A wage earner’s hourly rate of pay increased from $6.30 to $16.80 during the past dacade. What was the percent change in the hourly rate of pay? What is the current rate of pay as a percent of...
Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required...
Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,900 units. Manufacturing overhead is budgeted at $124,600 for the period (20% of this cost is fixed). The 16,830 hours worked during the period resulted in the production of 8,240 units. The variable manufacturing overhead cost incurred was $101,200 and the fixed manufacturing overhead cost was $28,900. a.Calculate the variable overhead...
define manufacturing cost? define direct materials? define direct labour? define manufacturing overhead? required : Write very...
define manufacturing cost? define direct materials? define direct labour? define manufacturing overhead? required : Write very briefly
Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required...
Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,600 units. Manufacturing overhead is budgeted at $120,400 for the period (20% of this cost is fixed). The 16,730 hours worked during the period resulted in the production of 8,190 units. The variable manufacturing overhead cost incurred was $98,300 and the fixed manufacturing overhead cost was $28,100. 1.Calculate the variable overhead...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows:   Direct materials: 5 kg at $8.00 per kg $ 40.00     Direct labour: 3 hours at $15 per hour 45.00     Variable overhead: 3 hours at $9 per hour 27.00     Total standard cost per unit $ 112.00   The company planned to produce and sell 21,000 units in March. However, during March the company actually produced and...
Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor...
Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. At the beginning of 2018, they estimated total manufacturing overhead costs at $1,015,000, and they estimated total direct labor costs at $1,400,000. The administration and selling overheads are to be absorbed in each job cost at 15% of production cost. Distribution cost should be added to each job according to quotes from outside carriage companies. The company wishes to quote for job #...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: Direct materials: 5 kg at $10.00 per kg $ 50.00 Direct labour: 4 hours at $16 per hour 64.00 Variable overhead: 4 hours at $7 per hour 28.00 Total standard cost per unit $ 142.00 The company planned to produce and sell 20,000 units in March. However, during March the company actually produced and...
Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor...
Epsilon Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. At the beginning of 2018, they estimated total manufacturing overhead costs at $1,015,000, and they estimated total direct labor costs at $1,400,000.   The administration and selling overheads are to be absorbed in each job cost at 15% of production cost. Distribution cost should be added to each job according to quotes from outside carriage companies. The company wishes to quote for job #...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct...
Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labour-hours, and its standard costs per unit are as follows: Direct materials: 6 kg at $8.00 per kg $ 48.00 Direct labour: 3 hours at $14 per hour 42.00 Variable overhead: 3 hours at $5 per hour 15.00 Total standard cost per unit $ 105.00 The company planned to produce and sell 19,000 units in March. However, during March the company actually produced and...
Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required...
Pointe Claire Company applies overhead based on direct labour hours. Two direct labour hours are required for each unit of product. Planned production for the period was set at 8,300 units. Manufacturing overhead is budgeted at $124,500 for the period (20% of this cost is fixed). The 16,290 hours worked during the period resulted in the production of 8,000 units. The variable manufacturing overhead cost incurred was $100,800 and the fixed manufacturing overhead cost was $28,400. Calculate the variable overhead...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT