Mathematics

Mathematics, 13.09.2019 17:30, fernn2133

Northwest molded molds plastic handles with a variable cost of $1.00 per handle. the fixed cost to run the molding machine is $2560 per week. if the company sells the handles for $3.00 each, how many handles must be molded weekly to break even? what is the profit if 1500 handles are produced and sold?

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Mathematics, 31.07.2019 22:30, xxcecccc

Afirm produces 500 units per week. it hires 20 full-time workers (40 hours/week) at an hourly wage of $15. raw materials are ordered weekly and they costs $10 for every unit produced. the weekly cost of the rent payment for the factory is $2,250. how do the overall costs breakdown? a. total variable cost is $17,000; total fixed cost is $2,250; total cost is $19,250 b. total variable cost is $12,000; total fixed cost is $7,250; total cost is $19,250 c. total variable cost is $5,000; total fixed cost is $14,250; total cost is $19.250 d. total variable cost is $5,000; total fixed cost is $2,250; total cost is $7,250

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Business, 17.09.2019 18:10, kaciewelkerouwdfa

The company uses a job-order costing system in which departmental predetermined overhead rates are used to apply manufacturing overhead cost to jobs. the predetermined overhead rate in the molding department is based on machine-hours, and the rate in the painting department is based on direct labor-hours. at the beginning of the year, the company provided the following estimates: department molding painting direct labor-hours 12,000 60,000 machine-hours 70,000 8,000 fixed manufacturing overhead cost $ 497,000 $ 615,000 variable manufacturing overhead per machine-hour $ 1.50 - variable manufacturing overhead per direct labor-hour - $ 2.00 job 205 was started on august 1 and completed on august 10. the company's cost records show the following information concerning the job: department molding painting direct labor-hours 30 84 machine-hours 110 20 direct materials $ 770 $ 1,332 direct labor cost $ 525 $ 1,470 required: (1) compute the predetermined overhead rates used in the molding department and the painting department. (2) compute the total overhead cost applied to job 205.

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Business, 18.09.2019 19:20, sheccidmariscal9428

Opunui corporation has two manufacturing departments--molding and finishing. the company used the following data at the beginning of the year to calculate predetermined overhead rates: molding finishing total estimated total machine-hours (mhs) 4,000 1,000 5,000 estimated total fixed manufacturing overhead cost $ 19,600 $ 2,400 $ 22,000 estimated variable manufacturing overhead cost per mh $ 1.10 $ 2.10 during the most recent month, the company started and completed two jobs--job a and job m. there were no beginning inventories. data concerning those two jobs follow: job a job m direct materials $ 13,600 $ 7,500 direct labor cost $ 20,700 $ 7,400 molding machine-hours 2,700 1,300 finishing machine-hours 400 600 assume that the company uses a plantwide predetermined manufacturing overhead rate based on machine-hours and uses a markup of 40% on manufacturing cost to establish selling prices. the calculated selling price for job a is closest to: (round your intermediate calculations to 2 decimal places.)

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Business, 20.09.2019 19:30, courtneymccl

8. a plastic molding machine produces a product whose annual demand is in the millions. the machine is automated and used full time just for the production of this product. the molding cycle time = 30 sec. no tooling is required other than the mold, which cost $100,000 and is expected to produce 1,000,000 moldings (products). the plastic molding compound costs $1.20/lb. each molding weighs 0.88 lb. the only labor required is for a worker to periodically retrieve the moldings. labor rate of the worker = $18.00/hr including overhead. however, the worker also tends other machines and only spends 20% of his time on this machine. setup can be ignored because of the long production run. the molding machine was purchased for $500,000 installed, its anticipated life = 10 years, and it operates 7000 hours per year. equipment overhead rate = 30%. assume availability = 100% and scrap rate = 0. determine (a) the hourly production rate of the machine, (b) annual quantity of product molded, and (c) cost per piece.

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