Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please use the same format to answer the question so that it is easy to follow St. Kilda Enterprises produces parts for the electronics industry.

Please use the same format to answer the question so that it is easy to follow image text in transcribedimage text in transcribedimage text in transcribed

St. Kilda Enterprises produces parts for the electronics industry. The production manager and cost analyst reviewed the accounts for the previous month and have provided an estimated breakdown of the fixed and variable portions of manufacturing overhead. Indirect materials Indirect labor Supervision Depreciation Maintenance Total Fixed $ 4,000 2,500 10,000 37,000 17,000 $ 70,500 Variable $ 9,000 16,500 3,500 5,000 22,000 $ 56,000 Total $ 13,000 19,000 13,500 42,000 39,000 $ 126,500 Direct materials for the month amounted to $102,500. Direct labor for the month was $197,500. During the month, 12,500 units were produced Required: a. No changes are expected in these cost relations next month. The firm has budgeted production of 16,250 units. Provide an estimate for total production cost for next month. b. Determine the cost per unit of production for the previous month and the next month. Complete this question by entering your answers in the tabs below. Required A Required B No changes are expected in these cost relations next month. The firm has budgeted production of 16,250 units. Provide an estimate for total production cost for next month. (Do not round intermediate calculations.) produced. Required: a. No changes are expected in these cost relations next month. The firm has budgeted production of 16,250 units. Provide an estimate for total production cost for next month. b. Determine the cost per unit of production for the previous month and the next month. Complete this question by entering your answers in the tabs below. Required A Required B No changes are expected in these cost relations next month. The firm has budgeted production of 16,250 units. Provide an estimate for total production cost for next month. (Do not round intermediate calculations.) Cost Item Next Month's Costs Direct materials Direct labor Variable overhead Fixed overhead Total costs 0 Direct materials for the month amounted to $102,500. Direct labor for the month was $197,500. During the month, 12,500 units were produced. Required: a. No changes are expected in these cost relations next month. The firm has budgeted production of 16,250 units. Provide an estimate for total production cost for next month. b. Determine the cost per unit of production for the previous month and the next month. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cost per unit of production for the previous month and the next month. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Cost per Unit Last month Next month

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

Economics, Accounting And The True Nature Of Capitalism Capitalis Ecology And Democracy

Authors: Jacques Richard, Alexandre Rambaud

1st Edition

1032046589, 9781032046587

More Books

Students also viewed these Accounting questions