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PART 2 Raw Materials Beginning Ending Balance Balance DATA 2020 Projected Production standards: Units per P1 Direct labor hrs T1 0.2 Direct labor hrs T2

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PART 2 Raw Materials Beginning Ending Balance Balance DATA 2020 Projected Production standards: Units per P1 Direct labor hrs T1 0.2 Direct labor hrs T2 0 Machine hrs 0.25 Lbs of Z1 3 Units of Z2 4 Feet of Z3 5 Unit cost of input $42.00 $35.00 Units per P2 0 0.3 0.2 6 3 8 $1.50 $2.50 $0.75 45,000 65,000 85,000 50,000 60,000 60,000 The production of P1 and P2 requires direct labor (2 types), machine hours, and direct materials (3 types: Z1, Z2, and Z3). Input-output relations are given in the table above per unit of output Input prices are per unit of input such as a pound, hour, foot or unit. Variable Mfg. OH rate per direct labor hour Fixed Mfg. OH for 2020 is estimated to be: fixed overhead is allocated on the basis of machine hours $ 15.00 $ 3,250,000 7 3 What is the budgeted variable OH for P1 (dollars)? Q18 What is the budgeted fixed OH for P1 (dollars)? Q19 2 What is the budgeted variable OH for P2 (dollars)? Q20 2 What is the budgeted fixed OH for P2 (dollars)? Q21 5 What is the budgeted cost of goods manufactured for P1 (total dollars)? Q22 3 What is the budgeted cost of goods manufactured for P2 (total dollars)? Q23 What is the budgeted cost per unit of P1 manufactured in 2020? Q24 What is the budgeted cost per unit of P2 manufactured in 2020? Q25 PART 2 Raw Materials Beginning Ending Balance Balance DATA 2020 Projected Production standards: Units per P1 Direct labor hrs T1 0.2 Direct labor hrs T2 0 Machine hrs 0.25 Lbs of Z1 3 Units of Z2 4 Feet of Z3 5 Unit cost of input $42.00 $35.00 Units per P2 0 0.3 0.2 6 3 8 $1.50 $2.50 $0.75 45,000 65,000 85,000 50,000 60,000 60,000 The production of P1 and P2 requires direct labor (2 types), machine hours, and direct materials (3 types: Z1, Z2, and Z3). Input-output relations are given in the table above per unit of output Input prices are per unit of input such as a pound, hour, foot or unit. Variable Mfg. OH rate per direct labor hour Fixed Mfg. OH for 2020 is estimated to be: fixed overhead is allocated on the basis of machine hours $ 15.00 $ 3,250,000 7 3 What is the budgeted variable OH for P1 (dollars)? Q18 What is the budgeted fixed OH for P1 (dollars)? Q19 2 What is the budgeted variable OH for P2 (dollars)? Q20 2 What is the budgeted fixed OH for P2 (dollars)? Q21 5 What is the budgeted cost of goods manufactured for P1 (total dollars)? Q22 3 What is the budgeted cost of goods manufactured for P2 (total dollars)? Q23 What is the budgeted cost per unit of P1 manufactured in 2020? Q24 What is the budgeted cost per unit of P2 manufactured in 2020? Q25

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