Direct material, Cost Accounting

Assignment Help:

Flying High Company manufactures model airplanes. During the month, it manufactured 10,000 airplanes. Each one used an average of 6.5 direct labor hours and an average of 1.5 sheets of aluminum. It normally manufactures 7,500 airplanes. Materials and labor standards for making the airplanes are:
Direct Material (1 Sheet of aluminum @ $10.00) $10.00
Direct Materials (Other accessories @ $8.75) 8.75
Direct Labor (6 hours @ $7.00) 42.00
1. 1) Compute the standard hours allowed for a volume of 10,000 airplanes
A. 420,000 HRS
B. 60,000 HRS
C. 65,000 HRS
D. 70,000 HRS
Show Work.
22. Compute the standard number of sheets of aluminum allowed for a volume of 10,000 airplanes.
A. 10,000 Sheets .A
B.7,500 Sheets .B
C.11,250 Sheets .C
D.15,000 Sheets .D 


Related Discussions:- Direct material

Calculate the amount of interest capitalized for the year, A company constr...

A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $550,000; M

Sgtatement of Cash Flow, “The statement of cash flows is the easiest of the...

“The statement of cash flows is the easiest of the basic financial statements to prepare because you know the answer before you start. You compare the beginning and ending balances

Determine taxable profit, While on a business trip to Texas, David attended...

While on a business trip to Texas, David attended a mortgage foreclosure auction. At the auction (held on February 4, 1999), he acquired an abandoned sugarcane farm near Pearland.

Prepare of the final accounts of a business, You are assisting the accounta...

You are assisting the accountant on the preparation of the final accounts of a business with a year-end of 31 December. A trial balance has been drawn up and a suspense account ope

Management accounting, Management Accounting It is the part of account...

Management Accounting It is the part of accounting such provides special-reason statements and reports to other persons and management inside the organization.  The informatio

Prepare the journal entries to record depreciation, Moore Corporation follo...

Moore Corporation follows a policy of a 10% depreciation charge per year on all machinery and a 5% depreciation charge per year on buildings (the corporation uses the nearest full

Optimal profit maximizing pricing strategy, Now assume that it is possible ...

Now assume that it is possible to distinguish consumer types one and two and there are no consumers of type three and the firm can charge a two part tariff. What would the optimal

Labour cost, labour cost related case study with solution

labour cost related case study with solution

Direct materials and direct labor:, McDaniel Company manufactures 100-pound...

McDaniel Company manufactures 100-pound bags of fertilizer that have the following unit standard costs for direct materials and direct labor: Direct Materials (100 lbs. @ $1.00

Calculate the following overhead variances, Planned                        ...

Planned                            Actual                Production                                                         92,000 units                     87,000 units

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd