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3 years ago

8

Samson Company reported total manufacturing costs of $320000, manufacturing overhead totaling $52000, and direct materials total

ing $64000. How much is direct labor cost

1 answer:

Marina86 [1]3 years ago

6 0

Answer:

Direct labor cost is like $184000

Explanation is not my nation

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Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of

pantera1 [17]

Answer:

a:<u>Total Variable Costs $26 </u>

a:<u>Total Manufacturing Costs = $ 30</u>

b:<u>Net Income </u><u><em>Variable Costing</em></u><u> $100,000</u>

b: <u>Net Income </u><u><em>Absorption Costing</em></u><u> $ 100,000</u>

Explanation:

Smuckers Manufacturers

<u>Costs per case under Variable Costing</u>

Direct materials per case 16

Direct labor per case 7

Variable manufacturing overhead per case 3

<u>Total Variable Costs $26 </u>

<u>Costs per case under Absorption Costing</u>

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs $ 900,000

<u>Total Manufacturing Costs per Case= $ 900,000/ 30,000= $ 30</u>

The difference between the variable and absorption costing is that the product costs include variable and fixed costs in absorption costing. But in variable costing the product costs include only variable costs.

<u><em> SMUCKERS </em></u>

<u><em>Variable Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

<u><em></em></u>

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total Variable Costs 780,000

Contribution Margin 240,000

Fixed Expenses 140,000

Total fixed manufacturing overhead $120,000

Fixed selling and administrative 20,000

<u>Net Income 100,000</u>

In this case the net income under both variable and absorption costing does not change because the units produced are units sold. No cost is charged to ending inventory under absorption costing.

<u><em>SMUCKERS </em></u>

<u><em>Absorption Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

Sales (30,000*34) 1020,000

Direct materials (30,000*16) 480,000

Direct labor (30,000*7) 210,000

Variable manufacturing overhead (30,000*3) 90,000

Total fixed manufacturing overhead $120,000

Total Manufacturing Costs 900,000

Gross Profit 120,000

Fixed Expenses 20,000

Fixed selling and administrative 20,000

<u>Net Income 100,000</u>

3 0

4 years ago

Mideast Airlines purchased a 777 aircraft on January 1, 2020 at a cost of

iren [92.7K]

Answer:

3,400,000 accumulated depreciation, 36,600,000 book value

Explanation:

Cost - salvage = amount to be depreciated

40,000,000-6,000,000=34,000,000 amount to be deprecated

34,000,000/20 years =1,700,000 depreciation per year

1,700,000x2-3,400,000 accumulated depreciation after 2 years

40,000,000-3,400,000=36,600,000 book value

8 0

3 years ago

When she was in college, Jammie Thomas-Rasset wrote a case study on Napster, the online peer-to-peer (P2P) file-sharing network,

andrezito [222]

Answer:

1. Is Thomas-Rasset liable for copyright infringement? Yes he is liable for copyright infringement. What action did Thomas-Rasset have to take in order to share twenty-four copyrighted songs available for distribution on KaZaA?

-shared her downloaded music files using kazaa

2.Is file sharing always prohibited?NO

3. File sharing is prohibited _____.

when it is used to download and store ---copyrighted music

4. Did Jammie share copyrighted music?YES

5.Sharing copyrighted music constitutes infringement under the

- copyright act

6. Can Thomas-Rasset remedy her wrongful conduct by replacing her hard drive?NO

7.Why or why not? The illegal file sharing WAS already done.

8.Who is an innocent infringer? A person who IS NOT aware and had no reason to believe that his or her acts constituted copyright infringement.

9. Was Thomas-Rasset an innocent infringer? NO

10. Why? She had written a case study on Napster and knew file sharing was WRONG.

11.Did Thomas-Rasset help her case by replacing her hard drive to conceal her acts?B. NO

12. Was Thomas-Rasset’s act of replacing her hard drive ethical?NO

13. The civil remedies of A. INJUCTION and B. DAMAGES are available to the owners of the copyrighted songs.

14. Would a court likely find Thomas-Rasset reliable for copyright infringement? YES

15. WHAT IF THE FACTS WERE DIFFERENT?What if Thomas-Rasset had not shared files, but rather used digital samplings in her college project presentation? Would that have possibly changed the result?YES

16. Why?A.Some courts have not found digital sampling illegal. B. Thomas-Rasset's use was fair use for educational purposes.

4 0

3 years ago

A record of income and expenditures for a given period of time is called a/an:

Vilka [71]

A record of income and expenditures for a given period of time is called a BUDGET.

4 0

3 years ago

Walbin Corporation uses the weighted-average method in its process costing system. The beginning work in process inventory in a

drek231 [11]

Answer:

The total cost of the units completed and transferred out of the department was: $324,900

Explanation:

First Calculate Total Cost per Equivalent Unit

Materials $2.00

Conversion $3.70

Total $5.70

Then, Calculate the Cost of Units Completed and Transferred

<em>Units Completed and Transferred × Total Cost per Equivalent Unit</em>

57,000 × $5.70

$324,900

7 0

4 years ago