Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you please double check my answers to question 4-27. I took 2 screen shots, hoping you can see my answers. time for machine operators,

Can you please double check my answers to question 4-27. I took 2 screen shots, hoping you can see my answers.
image text in transcribed
image text in transcribed
image text in transcribed
time for machine operators, each machine can be used for production for an average of 0. per shift. Assuming the factory operates for an average of 22 days per month, what is C practical capacity number of machine hours per month? 4-26 Practical capacity and labor hours Kappa Company runs two shifts each day, with 30 wc per shift. Workers average four weeks off per year, and after training and breaks, average 34 per week. What is Kappa's practical capacity number of labor hours per year? 4-27 Job cost Bert's Electronics Inc. delivered 1,500 custom-designed computer monitors to i tomer, Video Shack. The following cost information was compiled in connection with this 2 Direct Materials Used Part A327: 1 unit costing $70 per monitor Part B 149: 1 unit costing $100 per monitor Direct Labor Used Assembly: 6 hours per monitor at the rate of $20 per hour Inspection: 1 hour per monitor at the rate of $22 per hour "In addition, the company applies manufacturing overhead costs to jobs at the rate o direct labor hour. The selling price for each monitor is $500. Required (a) Determine the total cost for this job. (b) Determine the gross margin per monitor. Job cost The following costs pertain to job 903 at Pat's Auto Shop: 4-28 QUANTITY PRICE quirement a Direct Material Part A327 Part B149 Total Direct Material Cost Activity 4-27 Quantity 1500 Amount $105,000 $150,000 $255,000 Direct Labor HOUL Amount 6 Assembly Inspection Total Direct Labor Cost $22 7h/monitor, for 1500 monitors it would be 10.500 hours $120 $22 $142/monitor so for 1500 monitors it would be $213,000 Overhead Costs 10.500 Direct Labor Hours @ $15/hour Amount $157,500 Total Cost $625,500 Requirement b Selling Price Per Monitor Cost Per Monitor $500 $157 000/1500 $417 $500-$417=583 Gross Margin Per Monitor enta Direct Material Part A327 Part B149 Total Direct Material Cost Activity 4-27 Quantity 1500 1500 Price $70 $100 Amount $105,000 $150,000 $255,000 Rate Amount Direct Labor $20 $22 Assembly Inspection Total Direct Labor Cost 7h/monitor, for 1500 monitors it would be 10.500 hours $120 $22 $142/monitor so for 1500 monitors it would be $213,000 Amount $157,500 Overhead Costs 10,500 Direct Labor Hours (a $15/hour) $625 500 Total Cost quirement b Selling Price Per Monitor Cost Per Monitor $500 $157,000/1500 $417 $500-$417= 583 Gross Margin Per Monitor

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

More Books

Students also viewed these Accounting questions

Question

List out some inventory management techniques.

Answered: 1 week ago