Business, 03.03.2020 03:52 asapocean0317

NatureMade Snacks just received an order to produce 12,000 single-serving bags of gourmet, fancy-cut, sweet potato chips. The order will require 21 preparation hours and 36 cooking and draining hours. Use the activity rates you calculated in S4-4 to compute the following: What is the total amount of manufacturing overhead that should be allocated to this order? How much manufacturing overhead should be assigned to each bag? What other costs will the company need to consider to determine the total manufacturing costs of this order?

Answers: 1

Show answers

Answers

Answer from: ZillaKami

Instructions are lsited below.

Explanation:

Giving the following information:

Production= 12,000 single-serving bags of gourmet, fancy-cut, sweet potato chips.

The order will require 21 preparation hours and 36 cooking and draining hours.

We were not provided with enough information to solve the requirements. But, I will leave the formulas and an example to guide you.

First, we need to calculate the estimated manufacturing overhead rate for each department:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

For example:

Preparation:

Estimated overhead= 100,000

Estimated preparation hours= 2,000

Estimated manufacturing overhead rate= 100,000/2,000= $50 per preparation hour

Cooking:

Estimated overhead= 175,000

Estimated cooking hours= 10,000

Estimated manufacturing overhead rate= 175,000/10,000= $17.5 per direct cooking hour.

Now, we can allocate overhead to the special order:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Preparation= 50*21= $1,050

Cooking= 17.5*36= $630

Unitary overhead= (1,050 + 630)/12,000= $0.14 per bag

The total manufacturing costs include direct labor, direct materials and allocated overhead:

Total manufacturing cost= direct material + direct labor + allocated overhead

For example:

DM= 300,000

DL= 200,000

Overhead= 1,680

Total manufacturing cost= 300,000 + 200,000 + 1,680= $501,680

Answer from: Quest

the interest will be $59.71

hope this

Answer from: Quest

Z-gadgets has developed a mini-laptop that will be marketed in developing countries. it is estimated that the requirement for the new product will start out slow and accelerate as the product becomes increasingly familiar to worldwide consumers. to begin to staff the new production facilities, the company should conduct a(n): demand forecast

Another question on Business

Business, 22.06.2019 06:30

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Answers: 1

Answer

Business, 22.06.2019 20:00

Double corporation acquired all of the common stock of simple company for

Answers: 1

Answer

Business, 22.06.2019 20:40

The largest elements of community corrections are

Answers: 1

Answer

Business, 22.06.2019 21:00

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost

Answers: 2

Answer

You know the right answer?

NatureMade Snacks just received an order to produce 12,000 single-serving bags of gourmet, fancy-cut...

Questions