Business, 03.03.2020 03:17 armahoney8566
Animal Gear Company makes two pet carriers, the Ccat-allac and the Dog-eriffic. They are both made of plastic with metal doors, but the Cat-allac is smaller. Information for the two products for the month of April is given in the following tables:
Input prices
Direct materials
Plastic $5 per pound
Metal $4 per pound
Direct Manufacturing labor $10 per direct manufactufing labor-hour
Input Quantities per Unit of Output
Cat-allac Dod-eriffic
Direct materials
Plastic 4 pounds 6 pounds
Metal 0.5 pounds 1 pound
Direct manufacturing labor-hours 3 hours 5 hours
Machine-hours (MH) 11 MH 19MH
Inventory Information, Direct Materials
Plastic Mmetal
Beginning inventory 290 pounds 70 pounds
Target ending inventory 410 pounds 65 pounds
Cost of beginning inventory $1,102 $217
Animal Gear accounts for direct materials using a FIFO cost flow assumption
Sales and Inventory Information, Finished Goods
Cat-allac Dog-eriffic
Expected sales in units 530 225
Selling price $205 $310
Target ending inventory in units 30 10
Beginning inventory in units 10 25
Beginning inventory in dollards $1,000 $4,650
Animal Gear uses a FIFO cost flow assumption for finished goods inventory.
Animal Ggear uses an activity-based costing system and classifies overhead into three activity pools; Setup, Processing, and Inspection. Activity rates for these activities are $105 per setup-hour, $10 per machine-hour, and $15 per inspection-hour, respectively. Other information follows
Cost-Driver Iinformation
Cat-allac Dog-eriffic
Number of units per batch 25 9
Setup time per batch 1.50 hours 1.75 hours
Inspection time per batch 0.5 hour 0.7 hour
Nonmanufacturing fixed costs for March equal $32,000, half of which are salaries. Salaries are expected to increase 5% in April. The only variabe nonmanufacturing cost is sales commission, equal to 1% of sales revenue.
Prepare the following for April (SHOW ALL YOUR WORK):
(1) Revenues budget
(2) Production budget in units
Answers: 1
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Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen
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Animal Gear Company makes two pet carriers, the Ccat-allac and the Dog-eriffic. They are both made o...
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