Answer:
Total Manufacturing Costs is $95,680
Explanation:
Wyckam Manufacturing Inc.
Planning Budget for Manufacturing costs
For the month Ended June 30
Direct Materials (4,200 hours *$5.40) $22,680
Direct Labor Fixed $42,400
Supplies (4,200 hours * $0.25
) $1,050
Utilities ($1,700+ 4,200 Hours * $0.25) $2,750
Depreciation Fixed $15,200
Insurance Fixed $11,600
Total Manufacturing Costs $95,680
Answer:
Unitary variable cost= $42
Explanation:
Giving the following information:
Direct Materials $14
Indirect Materials (variable) $4
Direct Labor $8
Indirect Labor (variable) $6
Other Variable Factory Overhead $10
During the period, the company produced and sold 1,000 units.
Under the variable cost method, the product cost is calculated using direct material, direct labor, and variable overhead:
Unitary variable cost= 14 + 8 + (4 + 6 + 10)= $42
Answer:
$15,000
Explanation:
The general business credit is given by the taxpayer’s net income tax reduced by the greater of either The tentative minimum tax or 25 percent of net regular tax liability that exceeds $25,000
Tax payers net income tax = $190,000
Tentative minimum tax = $175,000
(25% × (185,000 - 25,000)) = $40,000
Therefore $175,000> $40,000
The credit = $190,000 - $175,000 =$15,000
Answer:
$604,160
Explanation:
Note: The full question is attached as picture below
Weighted average interest rate on general borrowings = 10%* $1,200,000 /$4,000,000 + 12%* $2,800,000 / $4,000,000
Weighted average interest rate on general borrowings = 11.40%
Avoidable interest = ($4,000,000*11%) + ($5,440,000 - $4,000,000) * 11.40%
Avoidable interest = $440,000 + $164,160
Avoidable interest = $604,160
Answer:
Flexible Budget for 18,000 units $
Direct labour ($6 x 18,000) 108,000
Direct material ($1 x 18,000) 18,000
Total fixed cost <u>48,000</u>
Total cost <u>174,000</u>
Direct labour cost per unit = $72,000/12,000 units = $6 per unit
Direct material cost per unit = $12,000/12,000 units = $1 per unit
Explanation:
In this case, we need to determine the direct labour cost per unit by dividing the total labour cost in the static budget by the units of production in the static budget. We also need to calculate the direct material cost per unit by dividing the total material cost in the static budget by the units of production in the static budget. Then, we will multiply the direct labour cost per unit and direct material cost per unit by the units of flexible budget. The total fixed cost remains fixed throughout the level of activities.