Data P29.04A ZACK MANUFACTURING COMPANY Standard Costs Raw materials Cost per Unit Quantity ing Standard Filler Standard materials cost per unit Cost 11 14 0.30 S 0.19 3.30 Direct Labor se Cutting Dept, Standard direct labor cost per unit 1.4 21.00 13.20 20 0.6 Actual Costs Cost per Unit Actual Cost Quantity Raw materials Framing Filler Total actual materials cost 19,437.00 14,416.00 33,853.00 62,700.00 84,800.00 0.310 0.170 Direct Labor 15.30 $125,460.00 86,328.00 211,788.00 8,200 3,960 Cutting Dept. Final Dept. 21.80 Total actual direct labor cost Additional Information 6,000 Units of product made during March, 2019 Student Problem 29.04A ZACK ANUFACTURING COMPANY Analysl s Variance 2019 Month of M Cost Elemont Sq. Ft. Framing Costs Standard Yariances Price Actual Price Quantity Filler Pounds Price Totals ZACK MANI Analysis t ING COMPANY Month of March 20 Variances Price Quantity Actual Standar sts Cost Element Hours Rate Cutting Dept. Rate Hours Final Dept. Totals Given Data P29.03A WEST TEXAS CHEMICAL COMPANY Standard Costs per Batch of Kylon Quantity tandard Standard Cost per Batch A. Material Sta in Gallons er per Gallon 720 Acid 2.20 Activator Total standard cost 190 90 6.00 1.140 15.00 23.20 1,350 4,074 Additional Information: Production batches in gallons Number of gallons per drum of output Number of drums of Kylon produced in June, 2013 1,000 50 200 Materials Actually Used In June Quantity Cost per Gallons 7,270 1,940 630 Gallon Material Starter 2.00 6.60 19.50 Acid Activator ariances. If a suppnu ofere Student Name Class: Problem 29.03A WEST TEXAS CHEMICAL Y Analysis of Materials Variance Month of June, 2019 Cost Element Startor Yaiance allons Standar Cost Actual Price Quantity Actual Price Price Vacia nce Standard Gallons Price Quantity Variance Activa ariance Gallons Price ard actal Cuantity Variance Totals WEST TEXAS CHEMICAL COMPANY Variances for Each Type of Material Standard Actual Variance Totals ariances. If a supplier were to 4 hefore Given Data P29.02A BRIGHT BRODUCTS, INC. Assembly Department Manufacturing Overhead Costs Variable Cost Element per Hour Monthly Fixed Cost Element Indirect labor 0.35 200 200 Indirect materials 0.25 0.50 Utilities 300 Taxes and insurance Maintenance 0.35 300 ormation: Addtio duction for May in direct labor hours 3,500 2900 Actual production for May in direct labor hours Actual Costs for May: Indirect labor 7,640 1,005 950 1,800 1,300 565 1,280 $ Payroll taxes Indirect materials Utilities Depreciation Taxes and insurance Maintenance Student Name ass Problem 29.02A BRIGHT PRODCTS, INC Flexible Bu Fr anufacturing Overhead nth of May, 2019 Number Percent of Variable costs d capacity Indirect labor ($2.00/hr) Indirect Mat 35hr) Utilities ($0.50/hr) Repairs ($.35/hr) variable costs ($0.25/unit) Fixed cost Indirect labor Payroll Taxes Indirect Materials es Depreciation Taxes and Insurance Maintenance Total fixed costs Total Manufacturing Costs BRIGHT PRODUCTS, INC. Manufacturing Overhead Budget Performance Report For Month of May, 2019 Budget for Hours at 2,900 Actual Over Under Indirect labor ($2.00/hr) Payroll Taxes ($0.35/hr) Indirect Materials ($0.25/unit) Utilities ($0.50/hr) Depreciation Taxes and Insurance Maintenance ($.35/hr) Total Manufacturing Overhead ven Data P28.02A LEB GAMES Data for June, 2019 Fabricating Department Assembly Department Costs Materials S 60,000 46.980 24,940 131,920 10.000 16,320 11.040 37 360 Labor Manufacturing overhead Total Costs Quantities arted in production Tra sferred in from prior department Transferred out to next department Transfer 6,000 5,000 5,000 out to finished goods ss ending 4,600 400 Work in proc 1,000 Stage of Completion - Ending Materials Work in Process 100% 100% Labor 50% 80% Manufacturing Overhead 80% 50% Monthly payroll for the producing departments: Social Security tax Medicare tax Federal income tax Sales on cred Cost of Goods Manufactured 3,086.11 721.75 7,500.00 $ 150,000.00 $ 76,500.00 for the month ES Report- Fal Month Ended June 30, 2 Department d for TITY SCHEDULE gntity oroduction fo UNITS Total to Quaerred out to next department nding Work unted for Total COST SCHEDULE Costs to be accounted for rrent department TOTAL COST Materials Labor E.P. UNITS UNIT COST C ative cost totalhead Costs accounted for Transferred out to next department process ending Materials Labor Manufacturing Overhead Total work i tment ending Total costs accounted for LEB GAMES Cost of Production Report- Assembly Month Ended June 30, 2010 partment QUANTITY SCHEDULE Quantity to be accounted for Transferred in from prior department Total to be accounted for UNITS Quantity accounted for Transferred out to finished goods Work in process - ending Total accounted for TOTAL COST E.P. UNITS UNIT COST COST SCHEDULE Costs to be accounted for Costs in prior department Costs in current department Materials Labor Manufacturing Overhead Total current department costs Cumulative cost total Costs accounted for Transferred out to finished goods Work in process ending Costs in prior department Costs in current department Materials Labor Manufacturing Overhead Rounding adjustment Total Work in process Total costs accounted for Student Name Class Problem 28.02A GENERAL JOURNAL Post Rel Description Debit Credit Jun. Computation of Equivalent Unit Production Month Ended June 30, 2019 Fabricating Department Materials: Units transferred out to next department tion or materials Work in pr Equivaler it production Labor and manufacturing overhead: Units transferred out to next dept. Work in process - ending: 1000 units Equivalent unit production for labor and overhead Assembly Department Materials: Units transferred out to finished goods Work in process - ending: 400 units Equivalent unit production for materials ad: Units transferred out to finished goods I abor and manufacturing o nits Fauivalent unit production for labor and overhead Data P29.04A ZACK MANUFACTURING COMPANY Standard Costs Raw materials Cost per Unit Quantity ing Standard Filler Standard materials cost per unit Cost 11 14 0.30 S 0.19 3.30 Direct Labor se Cutting Dept, Standard direct labor cost per unit 1.4 21.00 13.20 20 0.6 Actual Costs Cost per Unit Actual Cost Quantity Raw materials Framing Filler Total actual materials cost 19,437.00 14,416.00 33,853.00 62,700.00 84,800.00 0.310 0.170 Direct Labor 15.30 $125,460.00 86,328.00 211,788.00 8,200 3,960 Cutting Dept. Final Dept. 21.80 Total actual direct labor cost Additional Information 6,000 Units of product made during March, 2019 Student Problem 29.04A ZACK ANUFACTURING COMPANY Analysl s Variance 2019 Month of M Cost Elemont Sq. Ft. Framing Costs Standard Yariances Price Actual Price Quantity Filler Pounds Price Totals ZACK MANI Analysis t ING COMPANY Month of March 20 Variances Price Quantity Actual Standar sts Cost Element Hours Rate Cutting Dept. Rate Hours Final Dept. Totals Given Data P29.03A WEST TEXAS CHEMICAL COMPANY Standard Costs per Batch of Kylon Quantity tandard Standard Cost per Batch A. Material Sta in Gallons er per Gallon 720 Acid 2.20 Activator Total standard cost 190 90 6.00 1.140 15.00 23.20 1,350 4,074 Additional Information: Production batches in gallons Number of gallons per drum of output Number of drums of Kylon produced in June, 2013 1,000 50 200 Materials Actually Used In June Quantity Cost per Gallons 7,270 1,940 630 Gallon Material Starter 2.00 6.60 19.50 Acid Activator ariances. If a suppnu ofere Student Name Class: Problem 29.03A WEST TEXAS CHEMICAL Y Analysis of Materials Variance Month of June, 2019 Cost Element Startor Yaiance allons Standar Cost Actual Price Quantity Actual Price Price Vacia nce Standard Gallons Price Quantity Variance Activa ariance Gallons Price ard actal Cuantity Variance Totals WEST TEXAS CHEMICAL COMPANY Variances for Each Type of Material Standard Actual Variance Totals ariances. If a supplier were to 4 hefore Given Data P29.02A BRIGHT BRODUCTS, INC. Assembly Department Manufacturing Overhead Costs Variable Cost Element per Hour Monthly Fixed Cost Element Indirect labor 0.35 200 200 Indirect materials 0.25 0.50 Utilities 300 Taxes and insurance Maintenance 0.35 300 ormation: Addtio duction for May in direct labor hours 3,500 2900 Actual production for May in direct labor hours Actual Costs for May: Indirect labor 7,640 1,005 950 1,800 1,300 565 1,280 $ Payroll taxes Indirect materials Utilities Depreciation Taxes and insurance Maintenance Student Name ass Problem 29.02A BRIGHT PRODCTS, INC Flexible Bu Fr anufacturing Overhead nth of May, 2019 Number Percent of Variable costs d capacity Indirect labor ($2.00/hr) Indirect Mat 35hr) Utilities ($0.50/hr) Repairs ($.35/hr) variable costs ($0.25/unit) Fixed cost Indirect labor Payroll Taxes Indirect Materials es Depreciation Taxes and Insurance Maintenance Total fixed costs Total Manufacturing Costs BRIGHT PRODUCTS, INC. Manufacturing Overhead Budget Performance Report For Month of May, 2019 Budget for Hours at 2,900 Actual Over Under Indirect labor ($2.00/hr) Payroll Taxes ($0.35/hr) Indirect Materials ($0.25/unit) Utilities ($0.50/hr) Depreciation Taxes and Insurance Maintenance ($.35/hr) Total Manufacturing Overhead ven Data P28.02A LEB GAMES Data for June, 2019 Fabricating Department Assembly Department Costs Materials S 60,000 46.980 24,940 131,920 10.000 16,320 11.040 37 360 Labor Manufacturing overhead Total Costs Quantities arted in production Tra sferred in from prior department Transferred out to next department Transfer 6,000 5,000 5,000 out to finished goods ss ending 4,600 400 Work in proc 1,000 Stage of Completion - Ending Materials Work in Process 100% 100% Labor 50% 80% Manufacturing Overhead 80% 50% Monthly payroll for the producing departments: Social Security tax Medicare tax Federal income tax Sales on cred Cost of Goods Manufactured 3,086.11 721.75 7,500.00 $ 150,000.00 $ 76,500.00 for the month ES Report- Fal Month Ended June 30, 2 Department d for TITY SCHEDULE gntity oroduction fo UNITS Total to Quaerred out to next department nding Work unted for Total COST SCHEDULE Costs to be accounted for rrent department TOTAL COST Materials Labor E.P. UNITS UNIT COST C ative cost totalhead Costs accounted for Transferred out to next department process ending Materials Labor Manufacturing Overhead Total work i tment ending Total costs accounted for LEB GAMES Cost of Production Report- Assembly Month Ended June 30, 2010 partment QUANTITY SCHEDULE Quantity to be accounted for Transferred in from prior department Total to be accounted for UNITS Quantity accounted for Transferred out to finished goods Work in process - ending Total accounted for TOTAL COST E.P. UNITS UNIT COST COST SCHEDULE Costs to be accounted for Costs in prior department Costs in current department Materials Labor Manufacturing Overhead Total current department costs Cumulative cost total Costs accounted for Transferred out to finished goods Work in process ending Costs in prior department Costs in current department Materials Labor Manufacturing Overhead Rounding adjustment Total Work in process Total costs accounted for Student Name Class Problem 28.02A GENERAL JOURNAL Post Rel Description Debit Credit Jun. Computation of Equivalent Unit Production Month Ended June 30, 2019 Fabricating Department Materials: Units transferred out to next department tion or materials Work in pr Equivaler it production Labor and manufacturing overhead: Units transferred out to next dept. Work in process - ending: 1000 units Equivalent unit production for labor and overhead Assembly Department Materials: Units transferred out to finished goods Work in process - ending: 400 units Equivalent unit production for materials ad: Units transferred out to finished goods I abor and manufacturing o nits Fauivalent unit production for labor and overhead