Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

T15-1 (similar to) Question H Yale Metal Works produces two types of metal lamps. Yale manufactures 26,000 basic lamps and 5,400 designer lamps. Its simple

image text in transcribed
T15-1 (similar to) Question H Yale Metal Works produces two types of metal lamps. Yale manufactures 26,000 basic lamps and 5,400 designer lamps. Its simple costing system uses a single indirect cost pool and allocates costs to lamps on the basis of direct manufacturing labor-hours. It provides the folowing budgeted cost information (Cick the icon to view the information.) Calculate the total budgeted costs of the basic and designer lamps using Yale's simple costing system. Now calculate the total budgeted costs and per un costs of the basic and designer lamps using Yale's simple costing system(Round al per unit amounts to two decimal places) Basic lamps 0 Data Table Total Per unit Direct materials Direct manufacturing labor Total direct costs 338000 460000 Total 806000 Indirect costs allocated 327600 Basic Lamps $ 13 0.6 hours $ 30 Direct materials per lamp Direct manufacturing labor per lamp Direct manufacturing labor rate per hour Indirect manufacturing costs Designer Lamps S 16 0.8 hours $ 30 $ Total costs 617,520 Enter any number in the edit fields and then click Check Answer. Print 2 parts 2 remaining Done

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

Short Term Financial Management

Authors: Ned C Hill

1st Edition

0023548207, 978-0023548208

More Books

Students also viewed these Finance questions

Question

What was the accounting Big Bang in Japan?

Answered: 1 week ago

Question

Writing a Strong Introduction

Answered: 1 week ago