Question
Colden Chemical Company's plant processes batches of organic chemical products through three stages after starting with raw materials: (1) mixing and blending, (2) reaction chamber,
Colden Chemical Company's plant processes batches of organic chemical products through three stages after starting with raw materials: (1) mixing and blending, (2) reaction chamber, and (3) pulverizing and packing. Colden Chemical's estimates for the total conversion costs for each of the three processing stages are shown in the following table: (Click the icon to view the conversion costs.)
These costs include production labor assigned to each stage, support labor performing tasks (such as handling the output of the previous stage and setting up for the new stage), and laboratory testing. Additional materials for packing are needed in the pulverizing and packing stage.
Mixing and blending reaction chambers pulverizing and packing
Production labor 176980 1356580 492640
Engineering support 15000 48100 23500
Materials handling 24900 24900 28100
Equipment maintenance 14000 41600 7500
Laboratory expenses 15000 15000 5500
Depreciation 37000 198000 59400
Power 28400 83400 27400
General and administrative 19600 19600 19600
Total conversion costs 330880 1787180 663640
Total number of process hours 9400 38600 9400
Requirements (a) Determine the estimated conversion cost driver rate per process hour for each stage. (Round to three digits after the decimal point.) (b) Consider two of Colden Chemical's representative products, C206 and C208. Both products are derivatives of ethyl oleate and at the start of the process require the same basic raw materials. Using the information below, determine the total cost of a batch of C206 and a batch of C208: E (Click the icon to view the information.)
Materials: - | C206 | C208 |
Raw materials beginning of process | 126800 | 126800 |
Packing materials | 142.80 | 305.20 |
Conversion hours: |
|
|
Mixing and blending | 8 hours | 8 hours |
Reaction chamber | 22 hours | 22 hours |
Pulverizing and packing | 10 hours | 14 hours |
Requirement (a) Determine the estimated conversion cost driver rate per process hour for each stage. (Round to three digits after the decimal point.)
Identify the formula, then calculate the estimated conversion cost driver rate for each stage.
Total conversion costs / Total number of process hours = cost driver rate
Mixing and blending _____ _______ _______
Reaction chamber _____ _______ _______
Pulverizing and packing _____ _______ _______
Requirement (b) Determine the total cost of a batch of C206 and a batch of C208.
Begin with C206, then C208. (Round your answers to the nearest cent.)
Materials C206 C208
Raw materials, beginning of process _____ _____
Packing materials _____ _____
Conversion hours:
Mixing and blending _____ _____
Reaction chamber _____ _____
Pulverizing and packing _____ _____
Total conversion costs _____ _____
Total costs _____ _____
Please Fill the tables and explain to me how you got the values. thanks
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