Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Evans Recycle plans to produce 1,500 recycle bins during April. Each bin requires 1.7 kilograms of plastic and 0.1 hours of direct labour. Plastic costs

Evans Recycle plans to produce 1,500 recycle bins during April. Each bin requires 1.7

kilograms of plastic and 0.1 hours of direct labour.

Plastic costs $2.15 per kilogram. Evans pays its employees $12.50 per hour.

Manufacturing overhead is applied at a rate of 150% of direct labour costs. Finished plastic

lids are purchased separately from another supplies Evans has 400 kilograms of plastic in beginning inventory and wants to have 550

kilograms in ending inventory.

Required

Answer the following questions, substantiating your statements with the formulas and

calculation:

a) How many kilograms of plastic direct materials should Evans plan to buy during

April?

b) How much should Evans budget for direct labour for April?

c) How much manufacturing overhead will be charged to each recycle bin in April?

d) What is the cost per unit of the bins produced in April?

Can you help me solve this please

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

Financial Accounting Plus

Authors: Robert Libby, Patricia Libby, Daniel Short

7th Edition

0077480015, 9780077480011

More Books

Students also viewed these Accounting questions

Question

5. Give examples of binary thinking.

Answered: 1 week ago