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Managerial Accounting 1B Ch17

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Question;Managerial Accounting 1B;Financial;and Managerial Accounting;Chapter 17;Exercise 17-6 Plantwide overhead rate L.O. P1;[The following information applies to the questions displayed;below.];Textra Polymers produces parts for;a variety of small machine manufacturers. Most products go through two;operations, molding and trimming, before they are ready for packaging.;Expected costs and activities for the molding department and for the trimming;department for 2011 follow.;Molding;Trimming;Direct labor hours;52,000;DLH;48,000;DLH;Machine hours;30,500;MH;3,600;MH;Overhead costs;$;730,000;$;590,000;Data for two special order parts;to be manufactured by the company in 2011 follow;1.Exercise 17-6 Part;1;Required;1.;Compute the plantwide overhead;rate using direct labor hours as the base.(Round;your answer to 2 decimal places. Omit the "$" sign in your;response.);Plantwide overhead;rate;2.Exercise 17-6 Part 2;2.;Determine the overhead cost;assigned to each product line using the plantwide rate computed in part 1.(Round your intermediate calculations to 2 decimal places.;Omit the "$" sign in your response.);Product;Overhead;cost;Part A27C;Part X82B;3.xercise 17-7 Departmental overhead rates L.O. P2;Textra Polymers produces parts for;a variety of small machine manufacturers. Most products go through two;operations, molding and trimming, before they are ready for packaging.;Expected costs and activities for the molding department and for the trimming;department for 2011 follow.;Molding;Trimming;Direct labor hours;52,000;DLH;48,000;DLH;Machine hours;30,500;MH;3,600;MH;Overhead costs;$;730,000;$;590,000;Data for two special order parts;to be manufactured by the company in 2011 follow;Required;1.;Compute a departmental overhead;rate for the molding department based on machine hours and a department;overhead rate for the trimming department based on direct labor hours.(Round your answers to 2 decimal places. Omit the;$" sign in your response.);Department;Overhead;rate;Molding;Trimming;2.;Determine the total overhead cost;assigned to each product line using the departmental overhead rates from;requirement 1.(Round your intermediate;calculations to 2 decimal places and final answers to whole dollar amount.;Omit the "$" sign in your response.);Product;Molding;Trimming;Total;overhead;cost;Part A27C;Part X82B;3.;Determine the overhead cost per;unit for each product line using the departmental rate..(Round your answers to 2 decimal places. Omit the;$" sign in your response.);Product;Overhead;cost;Part A27C;Part X82B;4.Exercise 17-9 Using the plantwide Overhead rate to assess prices;L.O. A1, P1;Real Cool produces two different;models of air conditioners. The company produces the mechanical systems in;their components department. The mechanical systems are combined with the;housing assembly in its finishing department. The activities, costs, and;drivers associated with these two manufacturing processes and the production;support process follow.;Additional production information;concerning its two product lines follows.;Required;1.;Using a plantwide overhead rate;based on machine hours, compute the overhead cost per unit for each product;line.(Round your intermediate calculations;and final answers to 2 decimal places. Omit the "$" sign in your;response.);Product;Overhead;cost;Model 145;Model 212;2.;Determine the total cost per unit;for each products line if the direct labor and direct materials costs per;unit are $250 for Model 145 and $180 for Model 212.(Round your intermediate and final answers to 2 decimal;places. Omit the "$" sign in your response.);Product;Total;cost;Model 145;Model 212;3.;Assume if the market price for;Model 145 is $800 and the market price for Model 212 is $470, determine the;profit or loss per unit for each model.(Input;all amounts as positive values. Round your intermediate and final answers to;2 decimal places. Omit the "$" sign in your response.);Model 145;Model 212;5.Exercise 17-13 Using ABC for strategic decisions L.O. P1, P3;Consider the following data for;two products of Rowena Manufacturing.;Product;A;Product;B;Number of units;produced;10,000 units;2,000 units;Direct labor cost(@$24;per DLH);0.20 DLH per unit;0.25 DLH per unit;Direct materials cost;$ 2 per unit;$ 3 per unit;Activity;Overhead;costs;Machine setup;$;121,000;Materials handling;48,000;Quality control;80,000;$;249,000;Product;A;Product;B;Manufacturing cost per;unit;2.;Assume if the market price for;Product A is $20 and the market price for Product B is $60, determine the;profit or loss per unit for each product.(Round;your answers to 2 decimal places. Omit the "$" sign in your;response. Input all amounts as positive values.);Product A;Product B;3.;Consider the following additional;information about these two product lines. If ABC is used for assigning;overhead costs to products, what is the cost per unit for Product A and for;Product B?(Round your answers to 2 decimal;places. Omit the "$" sign in your response.);Product;A;Product;B;Number of setups;required for production;10 setups;12 setups;Number of parts;required;1 part / unit;3 parts / unit;Inspection hours;required;40 hours;210 hours;Product;A;Product;B;Manufacturing cost per;unit;4.1;Determine the profit or loss;per unit for each product.(Round your;answers to 2 decimal places. Input all amounts as positive values. Omit the;$" sign in your response.);Product A;Product B;Problem 17-1A Evaluating product line costs and prices using ABC;L.O. P3;[The following information applies to the questions displayed;below.];Healthy Day Company produces two;beverages, PowerPunch and SlimLife. Data about these productsfollow.;Additional data from its two;production departments follow.;7.Problem 17-1A Part 2;2.;What is the cost per bottle for;PowerPunch and SlimLife?(Do not round;intermediate calculations and round your final answers to 2 decimal places.;Omit the "$" sign in your response.);PowerPunch;SlimLife;Average cost per;bottle;9.Problem 17-1A Part 4;4.;What is the minimum price that the;company should set per bottle of SlimLife?;$0.53 per bottle;$0.86 per bottle;$0.36 per bottle;The price of SlimLife must cover;the costs associated with the product, so the minimum price for this product;is $0.53 / bottle.

 

Paper#45496 | Written in 18-Jul-2015

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