rea manufactures specialty components for the electronics industry in a highly labor intensive environment. ABC Electronics has asked Lake to bid on a component that Frea made for ABC last month. The previous order was for 80 units and required 160 hours of direct labor manufacture. ABC would now like 560 additional components. NUBD experiences an 80% learning curve on all of its jobs. The number of direct labor hours needed for Frea to complete the 560 additional components is
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Frea manufactures specialty components for the electronics industry in a highly labor intensive environment. ABC Electronics has asked Lake to bid on a component that Frea made for ABC last month. The previous order was for 80 units and required 160 hours of direct labor manufacture. ABC would now like 560 additional components. NUBD experiences an 80% learning curve on all of its jobs. The number of direct labor hours needed for Frea to complete the 560 additional components is?
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- NUBD manufactures specialty components for the electronics industry in a highly labor intensive environment. ABC Electronics has asked Lake to bid on a component that NUBD made for ABC last month. The previous order was for 80 units and required 160 hours of direct labor to manufacture. ABC would now like 560 additional components. NUBD experiences an 80% learning curve on all of its jobs. The number of direct labor hours needed for NUBD to complete the 560 additional components is?Irene Corporation manufactures three lines of decorative cabinets for stereo and television sets. Skill is required of the workers and it is not easy to hire persons qualified for the work. At the present time, there are 15 qualified employees (all regular workers) available for this type of work and new personnel are to be hired and trained for the busy first six months of 2021. Each employee works approximately 150 hours a month and is paid the rate of P100 per hour. Production plans based on anticipated sales demand, are given next page in units for each of the three lines of cabinets.Jean Sharpe decides to gather additional data to identify the cause of overhead costs and figure out which products are most profitable. She notices that $30,000 of the overhead originated from the equipment used. She decides to incorporate machine-hours into the overhead allocation base to determine the effect on product profitability. Almond Dream requires 2 machine-hours per case, Krispy Krackle requires 7 hours per case, and Creamy Crunch requires 6 hours per case. Additionally, Jean notices that the $15,000 per month spent to rent 10,000 square feet of factory space accounts for almost 22 percent of the overhead. The assignment of square feet is 1,000 to Almond Dream, 4,000 to Krispy Krackle, and 5,000 to Creamy Crunch. Jean decides to incorporate this into the allocation base for the rental costs. Because labor-hours are still an important cost driver for overhead, Jean decides that she should use labor-hours to allocate the remaining $24,500. CBI still plans to produce 1,000…
- National Co. manufactures specialty components for the electronics industry in a highly labor intensive environment. Filipina Electronics has asked National to bid on a component that National made for Filipina last month. The previous order was for 80 units and required 150 hours of direct labor to manufacture. Filipina would now like 240 additional components. National experiences an 80% learning curve on all of its jobs. The number of direct labor hours needed for National to complete the 240 additional components is 360.0 187.2 307.2 234Jean Sharpe decides to gather additional data to identify the cause of overhead costs and figure out which products are most profitable. She notices that $30,000 of the overhead originated from the equipment used. She decides to incorporate machine-hours into the overhead allocation base to determine the effect on product profitability. Almond Dream requires 2 machine-hours per case, Krispy Krackle requires 7 hours per case, and Creamy Crunch requires 6 hours per case. Additionally, Jean notices that the $15,000 per month spent to rent 10,000 square feet of factory space accounts for almost 22 percent of the overhead. The assignment of square feet is 1,000 to Almond Dream, 4,000 to Krispy Krackle, and 5,000 to Creamy Crunch. Jean decides to incorporate this into the allocation base for the rental costs. Because labor-hours are still an important cost driver for overhead, Jean decides that she should use labor-hours to allocate the remaining $24,500. CBI still plans to produce 1,000…Malone Manufacturing produces windshield wipers. Right now, the three models they will produce are Model X, Model Y, and Model Z. They currently have two weeklong production runs where they are limited to 70 hours to produce their products. They want greater insights on each of the models to determine how they contribute to the company, and which model they should focus on. They have provided you with the below dashboard: 1. What is the contribution margin per labor hour for Model X 2. What is the contribution margin per labor hour for Model Y 3. What is the contribution margin per labor hour for Model Z What is the total contribution margin at 70 hours for Model X What is the total contribution margin at 70 hours hours for Model Y What is the total contribution margin at 70 hours hours for Model Z
- Jean Sharpe decides to gather additional data to identify the cause of overhead costs and figure out which products are most profitable. She notices that $30,000 of the overhead originated from the equipment used. She decides to incorporate machine-hours into the overhead allocation base to determine the effect on product profitability. Almond Dream requires 2 machine-hours per case, Krispy Krackle requires 7 hours per case, and Creamy Crunch requires 6 hours per case. Additionally, Jean notices that the $15,000 per month spent to rent 10,000 square feet of factory space accounts for almost 22 percent of the overhead. The assignment of square feet is 1,000 to Almond Dream, 4,000 to Krispy Krackle, and 5,000 to Creamy Crunch. Jean decides to incorporate this into the allocation base for the rental costs. Because labor-hours are still an important cost driver for overhead, Jean decides that she should use labor-hours to allocate the remaining $24,500. CBI still plans to produce 1,000…Dine City, manufactures pressure Cookers. Based on past experience, Dine City has found that its total annual overhead costs can be represented by the following formula: Overhead cost = $303,000 + $2.30X, where X equals a number of pressure Cookers. Last year, Dine City produced 40,000 Cookers. Actual overhead costs for the year were as expected. Answer the following: 1. What is the driver for the overhead activity? 2. What is the total overhead cost incurred by Dine City last year? 3. What is the total fixed overhead cost incurred by Dine City last year? 4. What is the total variable overhead cost incurred by Dine City last year? Please write all the workings and details, explain the logic wherever applicable and required. Please do not just write the answer.As the newly appointed Controller of Lynbrook, Inc. you have been asked to evaluate several scenarios that management is considering to improve the overall profitability of the company. Lynbrook manufactures and sells a product called a Wren, its only product. The company normally produces and sells 60,000 Wrens each year at a selling price of $32 per unit. The company's unit costs at this level of activity are included below: Direct materials $10.00 Direct labor 4.50 Variable manufacturing 2.30 overhead Fixed manufacturing overhead 5.00 ($300,000 total) Variable selling expenses 1.20 Fixed selling expenses 3.50 ($210,000 total) Total cost per unit $26.50 The CFO of Lynbrook would like your response to the following three (3) independent situations to present to the management team early next week. Situation #1 Assume that Lynbrook has sufficient capacity to produce 90,000 Wrens each year without any increase in fixed manufacturing overhead costs. The company could increase its unit…
- In its production process, Purple Tree Inc uses a specialized part in the manufacturing of their fancy widget. The costs to make a part are: direct material, $15; direct labor, $27; variable overhead, $15; and applied fixed overhead, $32. Purple Tree has received a quote of $60 from a potential supplier for this part. If Purple Tree buys the part, 75 percent of the applied fixed overhead would continue. They need 12,000 units of the specialized part. Purple Tree Company would be better off by Group of answer choices $60,000 to buy the part. $348,000 to buy the part. $30,000 to manufacture the part. $216,000 to manufacture the part.Hawkins Audio Video, Inc. manufactures digital cameras. Hawkins is considering whether it should outsource production of a part used in the manufacturing of its cameras. 60,000 units of the part were made by Hawkins last year. At this production level, the company incurred the following direct product costs: Direct Materials $250,000 Direct Labor $104,000 Manufacturing Overhead incurred during the same period for production of the part is represented by the following cost behavior equation: y = $0.10x + $50,000. If the part were purchased from an outside supplier, 80% of the total fixed manufacturing overhead cost would continue, and the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional income from this other product would be $12,600 per year. A supplier has been identified who can sell the part to Hawkins at a price of $7.80 per unit. Which of…Brees, Inc., a manufacturer of golf carts, has just received an offer from a supplier to provide 2,600 units of a component used in its main product. The component is a track assembly that is currently produced internally. The supplier has offered to sell the track assembly for $65 per unit. Brees is currently using a traditional, unit-based costing system that assigns overhead to jobs on the basis of direct labor hours. The estimated traditional full cost of producing the track assembly is as follows: Direct materials $40.00 Direct labor 16.00 Variable overhead 4.00 Fixed overhead 40.00 Prior to making a decision, the company’s CEO commissioned a special study to see whether there would be any decrease in the fixed overhead costs. The results of the study revealed the following: 3 setups—$1,180 each (The setups would be avoided, and total spending could be reduced by $1,180 per setup.) One half-time inspector is needed. The company already uses part-time inspectors hired…