Answered step by step
Verified Expert Solution
Question
1 Approved Answer
WEEK THREE: CHAPTER FIVE HOMEWORK i Saved 4 Exercise 5-32 (Algo) Methods of Estimating Costs: Account Analysis (LO 5-3) St. Kilda Enterprises produces parts for
WEEK THREE: CHAPTER FIVE HOMEWORK i Saved 4 Exercise 5-32 (Algo) Methods of Estimating Costs: Account Analysis (LO 5-3) 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. 25 points Indirect materials Indirect labor Supervision Depreciation Maintenance Total Fixed $ 5,600 3,300 11,600 38,600 18,600 $ 77,700 Variable $ 10,600 17,300 4,300 6,600 23,600 62,400 Total $ 16,200 20,600 15,900 45,200 42,200 $ 140, 100 eBook Shop Print Direct materials for the month amounted to $110,500. Direct labor for the month was $205,500. During the month, 12,500 units were produced. References 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.) Next Month's Costs Cost Item Direct materials Direct labor Variable overhead Fixed overhead Total costs $ WEEK THREE: CHAPTER FIVE HOMEWORK i Saved 4 Exercise 5-32 (Algo) Methods of Estimating Costs: Account Analysis (LO 5-3) 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. 25 points Variable $ 10,600 17,300 4,300 Indirect materials Indirect labor Supervision Depreciation Maintenance Total Fixed $ 5,600 3,300 11,600 38,600 18,600 $ 77,700 Total $ 16,200 20,600 15,900 45,200 42,200 $ 140, 100 6,609 eBook 23,600 $ 62,400 Print Direct materials for the month amounted to $110,500. Direct labor for the month was $205,500. During the month, 12,500 units were produced zerren References 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
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