Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer all of the following questioms posted (1,2 a b & c). V. Mascot City makes athletic mascot costumes. Manchester University had ordered a
Please answer all of the following questioms posted (1,2 a b & c).
V. Mascot City makes athletic mascot costumes. Manchester University had ordered a new costume for Manny. 1. List at least 5 items that Mascot City includes in overhead to make mascot costumes. 2. Given the following information, calculate the job cost of producing a Manny costume. a. Raw materials i. Black fabric 1. 10 yards needed at $15 per yard it. Tan fabric 1.6 yards needed at $12 per yard i. Yellow fabric 1. 4 yards needed at $14 per yard iv. Thread 1. Yearly purchase of $5,000. v. Zipper 1. 1 zipper needed at $5 vi. Plastic framing 1.9 feet needed at $8 per foot b. Labor 1. Sewers 1. 4 hours at $12 per hour it. Assemblers 1. 2 hours at $15 per hour iii. Maintenance worker 1.40 hours per week for 50 weeks a year at $21 per hour c. Overhead 1. Annual estimated overhead costs for items that are not indirect materials and indirect labor totals $453,000 Direct labor hours are used as an allocation base 1. Annual estimated direct labor hours are 80,000 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