3 Sell + Add to > N 26 dit rate OP PLASCO Company is a small plastic manufacturing firma simplified for plan of the building is shown below PLASCO has two production machines (production data for each is shown below. PLASCO employs two workers Workman WT & Workman to run the the machines the direct labour.com of wis 519.00/hour. The direct labour cost of W28 $17.00 hour, PLASCO minufactures three products known as Product Product Mand Product The management at PLASCO estimates that in the coming year they will have the following estimated overheads Lomce and Admin Overhead S21200 2. Factory Overhead568850 a indirect labour-5507100 Machine X Overhead - 542000 5 Machine e Overhead - 5600 PLASCO Building Hoor Marc PLASCO Company is a small plastics manufacturing firm (a simplified floor plan of the building is shown below). PLASCO has two production machines (production data for each is shown below). PLASCO employs two workers ( of W1 is $19.00/hour. The direct labour cost of W2 is $17.00/hour. PLASCO manufactures three products, known a The management at PLASCO estimates that in the coming year they will have the following estimated overheads 1 Office and Admin Overhead = $21200 Factory Overhead = 568850 3 Indirect Labour 5107100 Machine x overhead = $42000 5 Machine Y Overhead = $63.800 PUSCO Balding Floor Plans ma simplified floor plan of the building is shown below). for each is shown below). PLASCO employs two workers (Workman W1 & Workman W2) to run the the machines. The direct labour cost m7.00/hour. PLASCO manufactures three products, known as "Product L. "Product M" and "Product N". ming year they will have the following estimated overheads: 20' X 20 General Office 8' X 16 Lunch Room 16' X 16 Foremans Office 16" X 16 Stores 1 1 1 20 x 20 Sales Office 12' X 24 Machine "X" X2 Machine "Y" 10' X 24 Futuro Expansion 1 1 3 Sales Office Machine xe Machinery Future Expansion PLASCO Production Data Det Material Com Director Hours Woman 2 Wortman W Machine Total Pro Each Total Tor To Hoursach 0.0100 Hourlach Estimated Output Unita 100000 140000 BOOOO L Tes! Houth 1000 Houtach 5110 Hour 0.0100 1000 M 5110,000.00 5151,200.00 586.000.00 1400 1400 N 51.30 2000 00100 00075 To Wa Hous 1000 0.0125 Totalwi hours 600 0.0100 0.0035 Tor Machine 0.0125 Tot Machine X Hours 2000 2000 2000 2000 Answer each of the questions shown below 1. Correct Answe Cache Obecovery alebo neurotracho come the company Autohead costs for the compartouches Decaborosa PLASCO Production Data: Direct Labor Hours Workman W1 Direct Material Cost Workman W2 Product Each Total Tota Hours/Batch Hours/Each 0.0100 Hours/Each Estimated Output (Units 100000 140000 80000 Tota Hours $1.10 $110,000.00 1000 M 31.08 $151 200.00 0.0100 1400 N $1.20 596.000.00 1000 600 0.0125 Total Wi hours 0.0075 Total W2 Hours 2000 Answer each of the questions shown below. Direct Labor Hours Direct Labor Hours Workman W1 Workman W2 Machine X Machine Y Hours/Each Total Hours/Batch Hours/Each Total Hours/Batch Hours/Each Tota Hours/Batch 1000 Hours/Each Total Hours/Batd 0.0100 1000 00100 0.0100 1400 0.0100 1400 1000 500 1000 600 0.0125 Total Wi hours 0.0075 Total W2 Hours 0.0125 Total Machine X Hours 0.0075 Total Machine Hours 2000 2000 2000 2009 w Direct Labor Hours Workman W2 Machine X Machine Y Each Total Hours/Batch Total Hours/Batch 1000 Hours/Each Total Hours/Batch Hours Each 0.0100 300 1400 00100 1400 500 1000 600 375 WE 0.0125 Total Machine X Hours 0.0075 Total Machine Y Hours 2000 2000 2000 de >> Xh 1 1 Mark Correct Answer calculate the overhead recovery atted to include alegres Keep cache should come recover the company stowed annat overhead costs for the upcoming year the production estremamente Director-Cost Rate Dveci Labor. Hour Rate Dved Materacoste Machine Hour Rate Per UnitRate 2 ans) Calculate the per part factory cost cost of goods sold of Product by using your Machine Hour Rate Cake in question above Markster calculating the overhead recovery rates in question et, it was discovered that additional costs and operating expenses had been overlooke. PUASCO management estimated the following additional costs would have to be included in a revised overhead recovery rates al mistrative costs that are estimated to be noted to 175.000 antar additional and selling expense of $115.000 was expected. Calculate the revised (Banket Machine Hour Rate Marks) A short meeting with the shop supervisor revealed that the production area for Machine Xoccupies a water portion of the streetfoor than Machines production Machine Yolso consumers more power and requires more montenance. For this reason, it was decided to revise the Machine Houtate a third time te new courte for each machine prosted on basis of production area Maculate the estimated amount of annual burden individualny recovered by each of the three products using the Machine Hotarate from ustionat 1. (1 Mark 1 Correct Answer) Calculate the overhead (burden) recovery rates listed below (include all required units) Keep in mind the annual overhead costs for the upcoming year (if the production estimates are met). Calculate each rate as a "Blanket" rate Direct-Labor-Cost-Rate Direct-Labor-Hour-Rate Direct-Material-Cost-Rate Machine-Hour-Rate Per Unit-Rate 2 (3 Marks) Calculate the per part factory cost (cost of goods sold of Product L by using your Machine-Hour-Rate calculated in 3.13 Marks) After calculating the overhead recovery rates in question #1. It was discovered that additional costs and operating e estimated the following additional costs would have to be included in a revised overhead recovery rates annual administrative additional annual selling expense of $115.000 was expected. Calculate the revised (Blanket) Machine-Hour Rate. 4 (4 Marks) A short meeting with the shop supervisor revealed that the production area for Machine X occupies a smaller portion Machine Y also consumes more power and requires more maintenance. For this reason it was decided to revise the Machine- (for each machine). prorated on basis of production areas 5.63 Marks) Calculate the estimated amount of annual burden individually recovered by each of the three products using The Ma the overhead (burden) recovery rates listed below (include all required units). Keep in mind that each rate should completely recover the company's estimated Ting year if the production estimates are mel) Calculate each rate as a Blanket rate actory cost cost of goods sold of Product L by using your Machine Hour-Rate calculated in question above erfiead recovery rates in question 81. it was discovered that additional costs and operating expenses had been overlooked. PLASCO management al costs would have to be included in a revised overhead recovery rates annual administrative costs that are estimated to be increased to 575.000 and an co 115.000 was expected. Calculate the revised (Blanket) Machine-Hour Rate e shop supervisor revealed that the production area for Machine X occupies a smaller portion of the shop floor than Machine production area bewer and requires more maintenance. For this reason, it was decided to revise the Machine-Hour-rate a third time. Catulate a new Machine Hour Rele best of production areas acut o anual burden individually recovered by each of the three products using the machine-Hour Rate from questiones 1. (1 Mark / Correct Answer) Calculate the overhead (burden) recovery rates listed below (include all required units). Keep in mind that each rate should completely recover annual overhead costs for the upcoming year of the production estimates are met). Calculate each rate as a Blanket rate Direct-Labor-Cost-Rate Direct-Labor-Hour Rate Direct Material-Cost-Rate Machine-Hour Rate Per Unit-Rate 2. (3 Marks) Calculate the per part factory cost cost of goods soldof Product L by using your Machine How-Rate calculated in question above. 3.3 Marks) After calculating the overhead recovery rates in question 11. it was discovered that additional costs and operating expenses had been overlooked. PLASCO estimated the following additional costs would have to be included in a revised overhead recovery rates annual administrative costs that are estimated to be increa additional annual selling expense of s115.000 was expected. Calculate the revised (Blanket Machine Hour-Rate. 4 ta Marks) A short meeting with the shop supervisor revealed that the production area for Machine X occupies a smaller portion of the shop floor than Machine Ys pr Machine Y also consumes more power and requires more maintenance. For this reason. It was decided to revise the Machine Hour. Rate a third time Calculate a new tfor each machine prorated on basis of production areas. 5. Marks) Calculate the estimated amount of annual burden individually recovered by each of the three products using The Machine-Hour Rate from question 3 Sell + Add to > N 26 dit rate OP PLASCO Company is a small plastic manufacturing firma simplified for plan of the building is shown below PLASCO has two production machines (production data for each is shown below. PLASCO employs two workers Workman WT & Workman to run the the machines the direct labour.com of wis 519.00/hour. The direct labour cost of W28 $17.00 hour, PLASCO minufactures three products known as Product Product Mand Product The management at PLASCO estimates that in the coming year they will have the following estimated overheads Lomce and Admin Overhead S21200 2. Factory Overhead568850 a indirect labour-5507100 Machine X Overhead - 542000 5 Machine e Overhead - 5600 PLASCO Building Hoor Marc PLASCO Company is a small plastics manufacturing firm (a simplified floor plan of the building is shown below). PLASCO has two production machines (production data for each is shown below). PLASCO employs two workers ( of W1 is $19.00/hour. The direct labour cost of W2 is $17.00/hour. PLASCO manufactures three products, known a The management at PLASCO estimates that in the coming year they will have the following estimated overheads 1 Office and Admin Overhead = $21200 Factory Overhead = 568850 3 Indirect Labour 5107100 Machine x overhead = $42000 5 Machine Y Overhead = $63.800 PUSCO Balding Floor Plans ma simplified floor plan of the building is shown below). for each is shown below). PLASCO employs two workers (Workman W1 & Workman W2) to run the the machines. The direct labour cost m7.00/hour. PLASCO manufactures three products, known as "Product L. "Product M" and "Product N". ming year they will have the following estimated overheads: 20' X 20 General Office 8' X 16 Lunch Room 16' X 16 Foremans Office 16" X 16 Stores 1 1 1 20 x 20 Sales Office 12' X 24 Machine "X" X2 Machine "Y" 10' X 24 Futuro Expansion 1 1 3 Sales Office Machine xe Machinery Future Expansion PLASCO Production Data Det Material Com Director Hours Woman 2 Wortman W Machine Total Pro Each Total Tor To Hoursach 0.0100 Hourlach Estimated Output Unita 100000 140000 BOOOO L Tes! Houth 1000 Houtach 5110 Hour 0.0100 1000 M 5110,000.00 5151,200.00 586.000.00 1400 1400 N 51.30 2000 00100 00075 To Wa Hous 1000 0.0125 Totalwi hours 600 0.0100 0.0035 Tor Machine 0.0125 Tot Machine X Hours 2000 2000 2000 2000 Answer each of the questions shown below 1. Correct Answe Cache Obecovery alebo neurotracho come the company Autohead costs for the compartouches Decaborosa PLASCO Production Data: Direct Labor Hours Workman W1 Direct Material Cost Workman W2 Product Each Total Tota Hours/Batch Hours/Each 0.0100 Hours/Each Estimated Output (Units 100000 140000 80000 Tota Hours $1.10 $110,000.00 1000 M 31.08 $151 200.00 0.0100 1400 N $1.20 596.000.00 1000 600 0.0125 Total Wi hours 0.0075 Total W2 Hours 2000 Answer each of the questions shown below. Direct Labor Hours Direct Labor Hours Workman W1 Workman W2 Machine X Machine Y Hours/Each Total Hours/Batch Hours/Each Total Hours/Batch Hours/Each Tota Hours/Batch 1000 Hours/Each Total Hours/Batd 0.0100 1000 00100 0.0100 1400 0.0100 1400 1000 500 1000 600 0.0125 Total Wi hours 0.0075 Total W2 Hours 0.0125 Total Machine X Hours 0.0075 Total Machine Hours 2000 2000 2000 2009 w Direct Labor Hours Workman W2 Machine X Machine Y Each Total Hours/Batch Total Hours/Batch 1000 Hours/Each Total Hours/Batch Hours Each 0.0100 300 1400 00100 1400 500 1000 600 375 WE 0.0125 Total Machine X Hours 0.0075 Total Machine Y Hours 2000 2000 2000 de >> Xh 1 1 Mark Correct Answer calculate the overhead recovery atted to include alegres Keep cache should come recover the company stowed annat overhead costs for the upcoming year the production estremamente Director-Cost Rate Dveci Labor. Hour Rate Dved Materacoste Machine Hour Rate Per UnitRate 2 ans) Calculate the per part factory cost cost of goods sold of Product by using your Machine Hour Rate Cake in question above Markster calculating the overhead recovery rates in question et, it was discovered that additional costs and operating expenses had been overlooke. PUASCO management estimated the following additional costs would have to be included in a revised overhead recovery rates al mistrative costs that are estimated to be noted to 175.000 antar additional and selling expense of $115.000 was expected. Calculate the revised (Banket Machine Hour Rate Marks) A short meeting with the shop supervisor revealed that the production area for Machine Xoccupies a water portion of the streetfoor than Machines production Machine Yolso consumers more power and requires more montenance. For this reason, it was decided to revise the Machine Houtate a third time te new courte for each machine prosted on basis of production area Maculate the estimated amount of annual burden individualny recovered by each of the three products using the Machine Hotarate from ustionat 1. (1 Mark 1 Correct Answer) Calculate the overhead (burden) recovery rates listed below (include all required units) Keep in mind the annual overhead costs for the upcoming year (if the production estimates are met). Calculate each rate as a "Blanket" rate Direct-Labor-Cost-Rate Direct-Labor-Hour-Rate Direct-Material-Cost-Rate Machine-Hour-Rate Per Unit-Rate 2 (3 Marks) Calculate the per part factory cost (cost of goods sold of Product L by using your Machine-Hour-Rate calculated in 3.13 Marks) After calculating the overhead recovery rates in question #1. It was discovered that additional costs and operating e estimated the following additional costs would have to be included in a revised overhead recovery rates annual administrative additional annual selling expense of $115.000 was expected. Calculate the revised (Blanket) Machine-Hour Rate. 4 (4 Marks) A short meeting with the shop supervisor revealed that the production area for Machine X occupies a smaller portion Machine Y also consumes more power and requires more maintenance. For this reason it was decided to revise the Machine- (for each machine). prorated on basis of production areas 5.63 Marks) Calculate the estimated amount of annual burden individually recovered by each of the three products using The Ma the overhead (burden) recovery rates listed below (include all required units). Keep in mind that each rate should completely recover the company's estimated Ting year if the production estimates are mel) Calculate each rate as a Blanket rate actory cost cost of goods sold of Product L by using your Machine Hour-Rate calculated in question above erfiead recovery rates in question 81. it was discovered that additional costs and operating expenses had been overlooked. PLASCO management al costs would have to be included in a revised overhead recovery rates annual administrative costs that are estimated to be increased to 575.000 and an co 115.000 was expected. Calculate the revised (Blanket) Machine-Hour Rate e shop supervisor revealed that the production area for Machine X occupies a smaller portion of the shop floor than Machine production area bewer and requires more maintenance. For this reason, it was decided to revise the Machine-Hour-rate a third time. Catulate a new Machine Hour Rele best of production areas acut o anual burden individually recovered by each of the three products using the machine-Hour Rate from questiones 1. (1 Mark / Correct Answer) Calculate the overhead (burden) recovery rates listed below (include all required units). Keep in mind that each rate should completely recover annual overhead costs for the upcoming year of the production estimates are met). Calculate each rate as a Blanket rate Direct-Labor-Cost-Rate Direct-Labor-Hour Rate Direct Material-Cost-Rate Machine-Hour Rate Per Unit-Rate 2. (3 Marks) Calculate the per part factory cost cost of goods soldof Product L by using your Machine How-Rate calculated in question above. 3.3 Marks) After calculating the overhead recovery rates in question 11. it was discovered that additional costs and operating expenses had been overlooked. PLASCO estimated the following additional costs would have to be included in a revised overhead recovery rates annual administrative costs that are estimated to be increa additional annual selling expense of s115.000 was expected. Calculate the revised (Blanket Machine Hour-Rate. 4 ta Marks) A short meeting with the shop supervisor revealed that the production area for Machine X occupies a smaller portion of the shop floor than Machine Ys pr Machine Y also consumes more power and requires more maintenance. For this reason. It was decided to revise the Machine Hour. Rate a third time Calculate a new tfor each machine prorated on basis of production areas. 5. Marks) Calculate the estimated amount of annual burden individually recovered by each of the three products using The Machine-Hour Rate from