Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Annapolis Company has two service departments (Computer Operations & Maintenance Services).Annapolis has two production departments (Mixing Department & Packaging Department.)Annapolis uses a step allocation method

Annapolis Company has two service departments (Computer Operations & Maintenance Services).Annapolis has two production departments (Mixing Department & Packaging Department.)Annapolis uses a step allocation method where the Computer Operations Department is allocated to all departments and Maintenance Services is allocated to the production departments.All allocations are based on total employees.Computer Operations has costs of $135,000 andMaintenanceServices has costs of $175,000 before any allocations.What amount of Maintenance Services total cost is allocated to the Mixing Department?(round to closest whole dollar) Employees are:

Computer Operations4

Maintenance Services4

Mixing Department5

Packaging Department8

Adelphi Company provides the following information for their first year of operations in 2018:

Sales, 8,000 units @ $15 each

Total production, 13,000 units

Production costs per unit:

Direct materials$3.00

Direct labor$2.00

Variable overhead$2.00

Fixed manufacturing overhead$10,000

Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold. (Round & enter final answer to the nearest whole dollar)

Bowie Sporting Goods manufactures sleeping bags.The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

Direct material of 4.50 yards at $5.00 per yard

Direct labor of 2.50 hours at $18.00 per hour

Overhead applied per sleeping bag at $15.00

In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.70 per yard.The labor used was 11,700 hours at an average rate of $16.50 per hour.The actual overhead spending was $96,200.

Determine the total materials variance and round to the nearest whole dollar.Enter a favorable variance as a negative number.Enter an unfavorable variance as a positive number.

Bowie Sporting Goods manufactures sleeping bags.The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, are as follows:

Direct material of 4.50 yards at $5.25 per yard

Direct labor of 2.50 hours at $20.00 per hour

Overhead applied per sleeping bag at $15.00

In the month of April, the company actually produced 5,200 sleeping bags using 27,300 yards of material at a cost of $5.30 per yard.The labor used was 11,700 hours at an average rate of $20.50 per hour.The actual overhead spending was $96,200.

Determine the labor rate variance and round to the nearest whole dollar.Enter a favorable variance as a negative number.Enter an unfavorable variance as a positive number.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Canadian Cases In Financial Accounting

Authors: Carol E. Dilworth, Joan E. D. Conrod

2nd Edition

256111405, 978-0256111408

More Books

Students also viewed these Accounting questions

Question

What method is used for fitting a logistic regression model?

Answered: 1 week ago

Question

Go, do not wait until I come

Answered: 1 week ago

Question

Make eye contact when talking and listening

Answered: 1 week ago