Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materials-1 pound plastic at $6 per pound Direct

image text in transcribedimage text in transcribed

Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below Direct materials-1 pound plastic at $6 per pound Direct labor-2.00 hours at $11.15 per hour Variable manufacturing overhead Fixed manufacturing overhead 6.00 22.30 14.00 18.00 $60.30 Total standard cost per unit The predetermined manufacturing overhead rate is $16 per direct labor hour ($32.00 2.00). It was computed from a master manufacturing overhead budget based on normal production of 12,000 direct labor hours (6,000 units) for the month. The master budget showed total variable costs of $84,000 ($7.00 per hour) and total fixed overhead costs of $108,000 ($9.00 per hour). Actual costs for October in producing 4,100 units were as follows Direct materials (4,250 pounds) Direct labor (8,070 hours) Variable overhead Fixed overhead $26,350 92,402 99,710 33,590 $252,052 Total manufacturing costs The purchasing department buys the quantities of raw materials that are expected to be used in production each month. Raw materials inventories, therefore, can be ignored

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

Teaching Calculation Audit And Test

Authors: Richard English

1st Edition

144627277X, 978-1446272770

More Books

Students also viewed these Accounting questions