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Problem 06-42A Vermont Instruments: Correct!

This document provides financial information for Vermont Instruments for June, including costs for two products (Fin-X and Sci-X) and total costs. It gives the number of units produced, parts costs per unit, direct labor costs, manufacturing overhead costs, and total costs for the company. It also provides overhead cost pool assignments and calculations of overhead rates per machine hour and direct labor hour for Tiger Furnishings.

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83 views4 pages

Problem 06-42A Vermont Instruments: Correct!

This document provides financial information for Vermont Instruments for June, including costs for two products (Fin-X and Sci-X) and total costs. It gives the number of units produced, parts costs per unit, direct labor costs, manufacturing overhead costs, and total costs for the company. It also provides overhead cost pool assignments and calculations of overhead rates per machine hour and direct labor hour for Tiger Furnishings.

Uploaded by

fernbern0131
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Student Name: Class: Problem 06-42A VERMONT INSTRUMENTS Fin-X 10,000 20 200,000 Sci-X 40,000 $ 25 $ 1,000,000 Total 50,000

$ 1,200,000 62,000 17,500 70,500 150,000


Correct!

Number of units Parts cost per unit Costs Operation costs: Direct labor Parts Overhead Total operation cost

$ $

Total Operation Cost Total units Cost per unit in plant

$ $

150,000 50,000 3
Correct!

Operation cost (@ $30) Material cost Total cost Number of units Unit cost

$ $ $

30,000 200,000 230,000 10,000 23


Correct!

120,000 1,000,000 $ 1,120,000 40,000 $ 28


Correct!

150,000

Given Data P06-42: VERMONT INSTRUMENTS June Financial Information Fin-X 10,000 20 Sci-X 40,000 25 $ Total 50,000

Number of units Parts cost per unit Other costs: Direct labor Indirect materials Overhead Total

62,000 17,500 70,500 150,000

Student Name: Class: Problem 06-43A TIGER FURNISHINGS Data from exercise 31: Units produced Machine hours Direct labor hours Direct materials $ Direct labor Manufacturing overhead costs Total Costs Basic 1,000 4,000 3,000 10,000 64,500 Dominator 250 2,000 2,000 $ 3,750 35,500 $ Total 1,250 6,000 5,000 13,750 100,000 174,100 287,850

Computation of overhead costs by overhead cost pools: Manufacturing Overhead Utilities Supplies Training Supervision Machine depreciation Plant depreciation Miscellaneous Totals Mach. Hour Related $ 1,800 32,000 14,200 $ 48,000 Labor Cost Related $ 5,000 10,000 25,800 85,300 $ 126,100

$ Computation of machine hour pool rate: Total estimate of overhead Estimate of machine hours Burden rate per machine hour Computation of labor cost pool rate: Total estimate of overhead Estimate of direct labor costs Direct labor cost rate Computation of product costs: Basic Direct materials Direct labor Overhead: Machine related Labor related Total overhead Total Cost Units produced Unit Cost Dominator

Total 1,800 5,000 10,000 25,800 32,000 14,200 85,300 174,100 2


Try again!

$ $

48,000 6,000 8.00


Correct!

126,100 35,500 28.2%


Try again!

Total

Given Data P06-43: TIGER FURNISHINGS Analysis of Overhead Accounts Overhead Estimate 1,800 5,000 10,000 25,800 32,000 14,200 85,300 Cost Pool Assignment Machine-hour related Direct labor cost related Direct labor cost related Direct labor cost related Machine-hour related Machine-hour related Direct labor cost related

Manufacturing Overhead Utilities Supplies Training Supervision Machine depreciation Plant depreciation Miscellaneous

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