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den Usities Manufacturing Costs and Inventory Each camera drones spends a total of 3.5 hours in production Due to the highly technical nature of CamDrone's
den Usities Manufacturing Costs and Inventory Each camera drones spends a total of 3.5 hours in production Due to the highly technical nature of CamDrone's manufacturing process, CamDrone's direct labour rate has averaged $30.00 per hour for 2019. This rate already includes the employer's portion of employee benefits. A new collective agreement is being negotiated, with a 3% pay increase anticipated effective January 1, 2020. Each CamDrone requires 1.25kg of direct materials. During 2019, the average cost of direct materials was $57/kg. The supplier of the direct materials tends to be somewhat erratic, so CamDrone finds it necessary to maintain a direct materials inventory balance equal to 40% of the following month's production needs as a precaution against stock-outs. Due to the similarity of the equipment in each of the production stages and the company's concentration on a single product, manufacturing overhead is allocated based on volume (ie the units produced). The variable manufacturing overhead rate for 2019 is $160/unit, consisting of: Plant & Equipement Maintenance $ 70 Indirect Materials Other 5160 The fixed manufacturing overhead costs for 2019 are as follows: Supervisor 181.800 American fast 133.000 Inte BUKO Training & Development 54.790 Property and in Tanes 48.00 Other $530.550 Amortization is calculated using the straight-line method, with no amortization calculated in the year capital assets are acquired. Aside from amortization, all other manufacturing costs are expected to increase by 3% in 2020 due to inflation, From previous experience, management has determined that an ending finished goods inventory equal to 25% of the next month's sales is required to efficiently meet customer demands. Collections Pattern 16. Sales are on a cash and credit basis, with 49% collected during the month of the sale, 33% the following month, and 17% the month thereafter. There are no early payment discounts for customers. Bad debt expense (amounts considered uncollectible) account for 1% of sales. 1. Based on the collection pattern described above, accounts payable as at end of business day on December 31, 2019 is projected to be $1,098,899 arising from the following estimates: Sales Newber 2012 51.170,000 Sales December 2019 1.200.000 den Usities Manufacturing Costs and Inventory Each camera drones spends a total of 3.5 hours in production Due to the highly technical nature of CamDrone's manufacturing process, CamDrone's direct labour rate has averaged $30.00 per hour for 2019. This rate already includes the employer's portion of employee benefits. A new collective agreement is being negotiated, with a 3% pay increase anticipated effective January 1, 2020. Each CamDrone requires 1.25kg of direct materials. During 2019, the average cost of direct materials was $57/kg. The supplier of the direct materials tends to be somewhat erratic, so CamDrone finds it necessary to maintain a direct materials inventory balance equal to 40% of the following month's production needs as a precaution against stock-outs. Due to the similarity of the equipment in each of the production stages and the company's concentration on a single product, manufacturing overhead is allocated based on volume (ie the units produced). The variable manufacturing overhead rate for 2019 is $160/unit, consisting of: Plant & Equipement Maintenance $ 70 Indirect Materials Other 5160 The fixed manufacturing overhead costs for 2019 are as follows: Supervisor 181.800 American fast 133.000 Inte BUKO Training & Development 54.790 Property and in Tanes 48.00 Other $530.550 Amortization is calculated using the straight-line method, with no amortization calculated in the year capital assets are acquired. Aside from amortization, all other manufacturing costs are expected to increase by 3% in 2020 due to inflation, From previous experience, management has determined that an ending finished goods inventory equal to 25% of the next month's sales is required to efficiently meet customer demands. Collections Pattern 16. Sales are on a cash and credit basis, with 49% collected during the month of the sale, 33% the following month, and 17% the month thereafter. There are no early payment discounts for customers. Bad debt expense (amounts considered uncollectible) account for 1% of sales. 1. Based on the collection pattern described above, accounts payable as at end of business day on December 31, 2019 is projected to be $1,098,899 arising from the following estimates: Sales Newber 2012 51.170,000 Sales December 2019 1.200.000
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