Answered step by step
Verified Expert Solution
Question
1 Approved Answer
January February March Quarter Variable costs Indirect materials Indirect labor Utilities Maintenance Total variable costs Fixed costs Salaries Depreciation Property taxes Insurance Maintenance Fixed manufacturing
January February March Quarter Variable costs Indirect materials Indirect labor Utilities Maintenance Total variable costs Fixed costs Salaries Depreciation Property taxes Insurance Maintenance Fixed manufacturing overhead Total manufacturing overhead Total manufacturing overhead for the quarter Direct labor hours for the quarter Manufacturing Overhead Cost per Unit 3) Direct Labor (needs to be converted to decimal of a hour) Labor requires 12 minutes per unit for completion and is paid at a rate of $8 per hour. 12 Number of Minutes per Unit Hours per Unit Cost per Direct Labor Hour 0.20 $8.00 4) Manufacturing Overhead Indirect materials: Indirect labor: Utilities: Maintenance: Salaries: Depreciation: Property taxes: Insurance: Janitorial: 0.30 cents per labor hour 0.50 cents per labor hour 0.45 cents per labor hour 0.25 cents per labor hour 42,000 dollars per month 16,800 dollars per month 2,675 dollars per month 1,200 dollars per month 1,300 dollars per month
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started