A financial statement providing information that helps users understand a company’s financial status, and which lists the types
1 answer:
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Answer:
Explanation:
1) is attached below
2) Budgeted manufacturing overhead rate :
In Machining Department = Manufacturing overhead cost / Machine hrs
= $9065000 /185,000 = $49 per machine hour
In Finishing Department = Manufacturing overhead cost / Direct Manufacturing labor cost
= $8,058000 / $3950,000 = 2.04
3) Machining Department overhead = $20 per machine hr * 100 hrs
= $2000
Finishing Department overhead = $1400 * 204% = $2856
Total manufacturing overhead = $4856
4). Total costs of Job 431:
Direct material - Machining Department = $14500
- Finishing Department = $4000
Direct manufacturing labor - Machining Department = $800
- Finishing Department = $1400
Manufacturing overhead = $4856
Total Cost = $25556
Cost per unit = $25556 / 100 = $255.56
5)
Actual manufacturing overhead machining finishing
Actual manufacturing overhead $12,010,000 $9,184,000
Manufacturing overhead allocated $11,760,000 $9,384,000
($49×240,000) (204%×4600,000)
Under allocated(over allocated) $250,000 $(200,000.00)
For plant as whole:
(12,010,000+$9184,000)-(11760,000+$9384,000)
50000 Under applied.
6) In machining department main focal points is machines , so machine hours is selected for this.In finishing department, labor cost is key area.so it is selected by the company .In both department key area is different so different cost drivers are selected for both departments.
Answer:
(a) The Labor productivity per dollar = 0.0095 rugs/dollar.
(b) The Multifactor productivity = 0.0078 rugs/dollar.
Explanation:
Given information:
Number of rugs = 85
Labors: 525 hours at $17 per hour.
Total cost of labors = 525 × 17 = $8925
Solvent: 120 gallons at $8 per hour.
Total cost of solvent = 120 × 8 = $960
Machine Rental: 20 days at $50 per hour.
Total rent = 20 × 50 = $1000
Total cost = Total cost of labors + Total cost of solvent + Total rent
Total cost = $8925 +$960 +$1000 =$10885
(a)
We need to find Labor productivity per dollar.
Therefore the Labor productivity per dollar = 0.0095 rugs/dollar.
(b)
We need to find the Multifactor productivity.
Therefore the Multifactor productivity = 0.0078 rugs/dollar.