Christmas Designs produces wrapping paper. In one 24-hour day, they incur the following costs to make 25,000 tubes of wrapping paper: Use 1.5 million square feet of paper for a total cost of $15,000. Use 3,722 oz. of ink for a total cost of $4,700. Use 30,000 square feet of cardboard tubing for a total cost of $2,400. Use 35,000 square feet of plastic wrap for a total cost of $1,520. Use 350 man-hours for a total cost of $7,525. What are the direct material costs for making one tube of wrapping paper?

Which of the following statements is true about financial planning

Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

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