Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and digital camcorders. Model Annual Sales in Units High F 11,300 Great P 17,300 Techno uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows: High F $ 39.30 $ 18.90 Great P Direct materials $ 26.70 $ 14.50 Direct labor Budget factory overhead: Engineering and Design Quality Control Machinery engineering hours inspection hours 2,660 $ 425,600 13,090 350,190 33,970 machine hours 541, 600 Miscellaneous Overhead 26,650 direct labor hours 132,650 Total $ 1,450,040 Techno's controller had been researching activity-based costing and decided to switch to it. A special study determined Techno's two products have the following budgeted activities: High F Great P Engineering and design hours Quality control inspection hours Machine hours Labor hours 1,090 1,570 5,770 7,320 20,410 13,560 12,130 14,520 Using the firm's volume-based costing, applied factory overhead per unit for the High F model is: (Rounded to the nearest cent.) Multiple Cholce $59.01. $62.99. $46.12. $45.27. $58.10. Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and digital camcorders. Model Annual Sales in Units High F 11,300 Great P 17,300 Techno uses a volume-based costing system to apply factory overhead based on direct labor dollars. The unit prime costs of each product were as follows: High F $ 39.30 $ 18.90 Great P Direct materials $ 26.70 $ 14.50 Direct labor Budget factory overhead: Engineering and Design Quality Control Machinery engineering hours inspection hours 2,660 $ 425,600 13,090 350,190 33,970 machine hours 541, 600 Miscellaneous Overhead 26,650 direct labor hours 132,650 Total $ 1,450,040 Techno's controller had been researching activity-based costing and decided to switch to it. A special study determined Techno's two products have the following budgeted activities: High F Great P Engineering and design hours Quality control inspection hours Machine hours Labor hours 1,090 1,570 5,770 7,320 20,410 13,560 12,130 14,520 Using the firm's volume-based costing, applied factory overhead per unit for the High F model is: (Rounded to the nearest cent.) Multiple Cholce $59.01. $62.99. $46.12. $45.27. $58.10.
Expert Answer:
Answer rating: 100% (QA)
Solution Data given in the question High F Great P Total Annual Sal... View the full answer
Related Book For
An Introduction to Management Science Quantitative Approaches to Decision Making
ISBN: 978-1111823610
14th edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
Posted Date:
Students also viewed these accounting questions
-
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be...
-
Techno Incorporated manufactures two models of cameras that can be used as cell phones, MPX, and digital camcorders. Model Annual Sales in Units High F 11,100 Great P 17,100 Techno uses a...
-
Digital Controls, Inc. (DCI), manufactures two models of a radar gun used by police to monitor the speed of automobiles. Model A has an accuracy of plus or minus 1 mile per hour, whereas the smaller...
-
The Trial Balance and Adjustments columns of the worksheet of Wells Decorating Centre included these accounts and balances at December 31, 2017: Required Wells Decorating Centre uses the perpetual...
-
Select three service companies or organizations you are familiar with and indicate how process control charts could be used in each.
-
Given here is Excel output for a multiple regression model that was developed to predict y from two independent variables, x1 and x2.Variablex2is a dummy variable. Discuss the strength of the...
-
Suppose your team has one person who cant do without the support of a software tool and another who is violently opposed to using them. You are the project manager. How might you resolve this dilemma?
-
The solubility coefficient of a gas may be defined as the number of cubic centimeters (STP) of the gas that dissolves in 1 cm3 of a solvent under a partial pressure of 1 atm. The solubility...
-
coefficient w the variables x^8y6 in the expansion of (x^2+y)^10
-
Frosty Queen Creamery is looking for fresh milk suppliers for its four different plants. The company considers bids from five farms. The bids, maximum daily supplies available from each bidder, and...
-
How can collaborative efforts among established industry players impact smaller startups and emerging companies?O a. Startups can gain access to funding and investment opportunities through establishe
-
Organizational structure and culture may influence the organization's level and scope of CSR. So, managers of human resources, marketing, sales, and an organization's executives must decide how to...
-
The charges q = 2.0 x 10-7C, q2 = -4.0 x 10-7 C, and q3 = -1.0 x 10-7 C are placed at the corners of the triangle shown below. What is the force on q? 91 3.0 m 93 5.0 m 4.0 m 92
-
Substitute the given values: Annual Coupon Interest Payment = 8% of $1,000 Current Price of Bond = $964 Calculate the current yield using the formula
-
Two years ago, Tanaka Technologies, an international manufacturer of smart appliances, opened a location in Springville and created a huge amount of jobs in the area. Glenn works at Tanaka in the...
-
A block m of mass 2 kg is tied by a rope to another block m of 5 kg on which a horizontal force F of 10 N is applied. If the surface of the table and the block m have coefficients of static friction...
-
Facilitators should use ________ when the team has too narrow a focus and needs to be gently guided into another direction. Question 21Answer a. reality checks b. hypothetical questions c. leading que
-
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
-
Tucker, Inc., produces high-quality suits and sport coats for men. Each suit requires 1.2 hours of cutting time and 0.7 hours of sewing time, uses 6 yards of material, and provides a profit...
-
University of Iowa Sports Information (UISI) procures its game-day football magazines from a publishing company at a price of $9.00 per magazine. UISI sells the magazines on the day of the...
-
Consider the following linear program: Max 3A + 2B s.t. 1A + 1B 10 3A + 1B 24 1A + 2B 16 A, B 0 a. Use the graphical solution procedure to find the optimal solution. b. Assume that the objective...
-
Below you will find the annual returns of two assets. Fill in the blanks and graph the returns of the portfolios (rows 13-27). A B C 1 Asset 1 Asset 2 2 31-Dec-90 12.56% 7.56% 3 31-Dec-91 13.50%...
-
By using information provided in the previous problem, perform a regression of the portfolio returns vs. S&P500 index returns for the period of 24 months. Report: The slope of the regression, its...
-
(This is a hard question!) On the disk which comes with the book, you will find 2 years of monthly un-adjusted and adjusted stock price data for AT&T corporation (symbol: T). Calculate: 16.a....
Study smarter with the SolutionInn App