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

What is cmm, CMM is an internationally recognized standard for calculating ...

CMM is an internationally recognized standard for calculating the maturity of an organization's software development processes and has become the primary benchmark multinational co

What percent of the cost of property, In Lowe's Companies, Inc. 2012 Annual...

In Lowe's Companies, Inc. 2012 Annual Report (Form 10-K) 1. Evaluate Lowe's investment in property, plant and equipment. Determine the following amounts as reported by Lowe's on it

Cost Estimation, On a New product development process of making a new S3 ST...

On a New product development process of making a new S3 STORAGE SIM card phone storage device for end users, forecast the following With full working and tabulations; a) With fu

Determine the single limiting factor, Determine the Single Limiting Factor ...

Determine the Single Limiting Factor A company manufactures and sells three products as A, B and C. The unit cost and revenue structure for every product and its maximum forec

Prepare an income statement for the current year, The assets and liabilitie...

The assets and liabilities of Amos Moving Services at May 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below.  On April 1, 2010, the

Material price variance (mpv), Material Price Variance (MPV) This may b...

Material Price Variance (MPV) This may be described as the difference amoung the actual price and the standard price of the materials consumed. MPV = Actual quantity used (S

Advantages of cost accounting, ADVANTAGES OF COST ACCOUNTING 1.        ...

ADVANTAGES OF COST ACCOUNTING 1.         It helps in efficient decision making. 2.         It assists in cost drop. 3.         It is useful in obsession of selling price

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