Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Maloney, Inc., a manutacturer of plastic products, reports the following manufacturing costs and account analysis classification for the your ended December 31, 2014 (Click the

image text in transcribed

Maloney, Inc., a manutacturer of plastic products, reports the following manufacturing costs and account analysis classification for the your ended December 31, 2014 (Click the icon to see the account information) Maloney, Inc. produced 72.500 rits of product in 2014. Maloney's management is estimating costs for 2015 on the basis of 2014 numbers. The following additional information is available for 2016. Cloke on to see the additional information) Read the marts Data table Account classification Amount Direct materials 290.000 181,250 Al vanables All variable Alvaro 20% variable 506 variable 38,250 42.300 Direct manufacturing labor Power Supervision labor Materials-tanding labor Maintenance labor Depreciation Rent property taxes, and administration 72.500 - 50% van Requirement 1. Prepare a schedule of variable, fored, and total manufacturing costs for each account category in 2015. Estimate total manufacturing costs for 2015 To assist you, begin by selecting the formula to calculate the variable cost for each account in 2015 2014 2015 Variable unit Totalcon Variable of coat Total units god 1 x 100% increase Dost in 2015 Now escuto the variable unit cost in 2015. (Round the unit cost to the nearest cent Complete all answer boxes. If an account does not have a varable unit cost enter 0. . I 0 Variable Unit Account cost in 2015 More info Dremel Diromanacturing labor a. Direct materials prices in 2015 are expected to increase by 8% compared with 2014 PON b. Under the terms of the labor contract, direct manufacturing labor wage rates are expected to increase Supervision or by 4% in 2015 Concared wi 2014 Maria handiago G. Power rates and wage rates for supervision, materials handling, and maintenance are not expected to change from 2014 to 2015 Mantanance d. Depreciation costs are expected to notease by 0%, and cont property taxes and administration costs Decor expected to increase by 8% ..Maloney expects to manufacture and soll 80,000 units in 2015 Read 58.000 06 variable 0.000 0% Variable 100,000 Print Done Print) Done Help me solve this Video Get more help Clear all Check

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

Mastering The Five Tiers Of Audit Competency Internal Audit And IT Audit

Authors: Ann Butera

1st Edition

1498738494, 978-1498738491

More Books

Students also viewed these Accounting questions

Question

Write effective persuasive messages within organizations.

Answered: 1 week ago