Playtime Toys began operations on January 1, 2011. During January it produced 2,000 toys and sold 1,850 toys. The following are needed to make 1 toy:
Wood 2 board feet at $3 per foot
Paint 1.5 quarts at $2 per quart
Direct labor 3 hours at $6 per hour
Manufacturing overhead is applied at a rate of $4 per direct labor hour.
Refer to Exhibit 18-4. Given the information above, the cost of direct materials used in January would be:
Cachet Inc. had a $93,000 balance in Accounts Receivable on July 1. In July, it expects to collect 55% of these receivables and 30% of the July credit sales, which are budgeted at $138,000. What is the budgeted accounts receivable at the end of July?
The following resources are required to make 1 batch of ice cream:
Milk 5 gallons at $2.50 per gallon
Sugar 5 pounds at $0.30 per pound
Direct labor 45 minutes at $12.00 per hour
Manufacturing overhead 30 minutes at $6.00 per h
Given this information, what is the cost of making 1 batch of ice cream?
Theodore's Musical Toys makes xylophones. Each xylophone takes 3 labor hours to make at a rate of $10.00 per hour. What is the budgeted production of xylophones if the budgeted direct labor cost for July is $16,200?
A department has a budgeted monthly manufacturing overhead cost of $160,000 plus $16 per direct labor hour. If a flexible budget reflects $388,000 for total manufacturing overhead cost for the month, the actual direct labor hours would be:
The July manufacturing overhead budget of Kyoto Corporation, shown below, was constructed assuming an activity level of 48,000 direct labor hours:
Variable costs: $48000
Indirect labor $48,000
Indirect materials $24,000
Factory supplies 19,200 $ 91,200
Property taxes $36,000 $144,000
Total overhead costs $235,200
Refer to Exhibit 18-6. If management prepared a flexible budget for July using 54,000 direct labor hours, what amount would this flexible budget show for indirect labor?
Refer to Exhibit 18-6. If management prepared a flexible budget for July using 40,000 direct labor hours, what amount would this flexible budget show for total variable costs?
Refer to Exhibit 18-6. If management prepared a flexible budget for July using 52,000 direct labor hours, what amount would this flexible budget show for total overhead costs?
Cedar Corporation uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows:
Indirect labor $12.00
Indirect materials 6.00
Fixed overhead costs per month are:
Factory rent 1,300
Refer to Exhibit 18-7. If Cedar prepares a flexible budget for 4,000 direct labor hours, what amount will this budget show for variable manufacturing overhead costs?
Refer to Exhibit 18-7. If Cedar prepare a flexible budget for 6,000 direct labor hours, what amount will this budget show for total manufacturing overhead costs?
The. $ 134,000
B. $ 138,800
w. $ 126,000
d. $ 12,800
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