Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SESUAI Lue me pone recentes perto e poi pe linie more comentare din brotach retues 02 dhe best an average cost of 33 per hour

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
SESUAI Lue me pone recentes perto e poi pe linie more comentare din brotach retues 02 dhe best an average cost of 33 per hour Marytatturing over to located at the words as the location in the company is prepared the following budget the www bud Luner 400.000 and to stor the next to tests conting intory Date coperto another model plane Prepare a cost of posso get for the year Deewana Decouper kit to more the mean your two. IX Co todo For the Year F Second Thi Four Dormance Luther, the manufactures model arplane is. Direct materials are 7 ounces of plastic per kit and the plastic costs $1 per curice, Indirect materials are considered insignificant and are regues 25 hours of dred laborat an average cost of $35 per hour. Manutacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the following bu Con to view the bages) Le projects sales of 400, 100, 500, and 600 kits for the next four quartier Luthet har nokits in beginning inventory. Determine the cost per kit to manufacture the model arplane kits. Prepare a com Hound mounts to two onde aces Total projected manufacturing cost per Prepare a cost of goods sold budget for the year Complete all putties Enterotot zer balances) Lutherint Cost of Goods Bold Budget For The Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total sprend told Yotal budget of gods USO 10 9 of 9 (2 complete This Test: 80 pts posso montatures mo panelsDirect materials are 7 ounces of partic per and the plastic cost per Ounce, Indirect materials are considered significant and are not included in the budgeting process Each 025 ou of died an average cost of 555 per hout Manufacturing overhead is located using director hours as the location base. The company has prepared the following budgets Coto wetges Les sales t 400, 100, 500, 300 store for quarters Luthers in beginning wory Determine the couper to match the model aneks. Prepare a cost of goods to be for the yex Round wo wo Dom the competito manufacture the mound your local Xxx Ten poco macturing or Po beheers Lutherine Cost of Gold To the recent Fourth Comment Ty 2 3 S ON 2 E E R T Y J I u e deco $ per ounce Indirect materials are considered insignificant and are not included in the bu ares 0 25 hours of direct labor at an average cost of $35 per hour Manufacturing overhead is allocated using direct labor hours as the allocation base. The company has prepared the following budgets Click the icon to view the budgets.) mer projects sales of 400, 100, 500, and 800 Kts for the next four quarters. Luther has no kits in beginning inventory Determine the cost per kit to manufacture the model airplane kits. Prepare a cost of goe Sund amounts to two decimal places Total projected manufacturing cost per kit Prepare a cost of goods sold budget for the year. Complete all input fields. Enter for zero balances) Lutherine Cost of Goods Sold Budget For the Year Ended December 31 First Second Quarter Quarter Quarter ) Total Kits produced and sold Total budgeted cost of goods sold Chomist on any number in the input fields and the continue to the next question o 2 3 S 6 7 10 Reference - X airplane at at an avd udgets.) 0,500, and places in the budge Ig budgets: . a cost of goods ng cost per Third Quarter Fourth Quarter Total budget for the 500 150 7 700 7 1.800 7 Direct Materials Budget For the Year Ended December 31 First Second Quarter Quarter Budgeted kits to be produced 450 Direct materials (ounces) per kit 7 7 Direct materials needed for production 3,500 3,150 Plus: Desired direct materials in ending inventory 630 210 Total direct materiais needed 4.130 3,360 Less: Direct materials in beginning inventory 890 630 Budgeted purchases of direct materials 3.240 2.730 Direct materials cost per ounce 5 115 115 5 Budgeted cost of direct materials purchases 3.240 $ 2,730$ 1,050 980 4,900 300 12,600 300 2,030 210 5.2001 390 12 900 890 1.820 15 4.220 1s 12,010 1 d of goods sold 1.8.2015 4.2205 12010 or entot any number Print Done to search O 2 BI i Reference model airplane kl ect labor at an ave the budgets.) 400, 100, 500, and Secimal places ac Total facturing cost per is sold budget for the 1,800 0.25 Direct Labor Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Budgeted kits to be produced 500 450 150 700 Direct labor hours per unit 0.25 0.25 0.25 0.25 Direct labor hours needed for production 125.00 112.50 37.50 175,00 Direct labor cost per hour $ 35 $ 35$ 355 35/5 $ Budgeted direct labor cost 4,375 $ 3,938$ 1,313 6,125 $ Luther, Inc Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth 450.00 35 15,750 and sold cost of goods sold any list or enter any number Print Done ype bere to search O i Reference - X airplane or at an ave mudgets.) in the Ig bude 50, 500, and places a costa Fourth ng cost per Quarter Total budget for the Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Quarter Quarter Quarter Budgeted kits to be produced 500 450 150 VOH cost per kit $ 0.25$ 0.25 $ 0.25 $ 1 Budgeted VOH $ 125.00$ 112.50 $ 37.50 $ Budgeted FOH 150.00 150.00 150.00 Budgeted manufacturing overhead costs 5 275.00 $ 262.50 $ 187 50$ 700 0.25$ 1.800 0.25 175.00$ 150.00 450.00 500.00 325.00$ 1,050.00 125.00 112.50 37.50 175.00 d Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate 450.00 1,050.00 2.33 $ $ of goods sold or enter any number Print Done ce to search O

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_2

Step: 3

blur-text-image_3

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

Sound Investing, Chapter 15 - Liability Tricks

Authors: Kate Mooney

2nd Edition

0071719377, 9780071719377

More Books

Students also viewed these Accounting questions

Question

Define promotion.

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago

Question

Did you include SEC required financial data?

Answered: 1 week ago