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Dmitrij [34]
3 years ago
5

Traditions Home Accessories Company manufactures decorative lamps using an activity-based costing system to allocate all manufac

turing conversion costs. The following information is provided for the month of June: Activity Estimated Indirect Activity Costs Allocation Base Estimated Quantity of Allocation Base Materials handling $3,000 Number of parts 6,000 parts Assembling $7,200 Number of hours 3,000 hours Packaging $4,000 Number of lamps 2,000 lamps Four lamps can be assembled in 1 hour. Each lamp consists of 9 parts. The total direct materials cost per lamp is $8.00. What is the total manufacturing cost per lamp
Business
1 answer:
ladessa [460]3 years ago
8 0

Answer:

$15.10 per lamp

Explanation:

Cost per part of Material handling = $3000/6000 parts

Cost per part of Material handling = $0.50 per part

Assembling per hour = $7200/3000

Assembling per hour = $2.40 per hour

Packaging per lamp = $4000/2000

Packaging per lamp = $2 per lamp

Total manufacturing cost per Lamp = $8 + (9*$0.50) + ($2.40/4) + $2

Total manufacturing cost per Lamp = $8 + $4.5 + $0.6 + $2

Total manufacturing cost per Lamp = $15.10 per lamp

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After a third complaint about how her company was handling customer service requests, catalina developed a code of ethics to spe
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6 0
2 years ago
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an in
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7 0
3 years ago
Administrative and political decision-making procedures and intuition have been associated with high performance in unstable env
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8 0
3 years ago
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai
il63 [147K]

Answer:

Closing inventory - $10,160

Costs of goods sold - $9,600

Explanation:

Under the LIFO Method, the cost of good sold equals to

= April 23 units × cost per unit + Remaining units × cost per unit

= 300 units × $22 + 150 units × $20

= $6,600 + $3,000

= $9,600

Since the firm has sold 450 units, so out of which 300 units sold at a price of $22 and the remaining 150 units sold at a price of $20

The ending inventory equals to

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Since on April 23, the 420 units were purchase, out of which 150 units are transferred to the cost of good sold and the remaining units 270 units at $20 is transferred to the ending inventory

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2 years ago
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