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

Which of the following are relevant in choosing, A company is considering t...

A company is considering the following alternatives: Alternative 1 Alternative 2 Revenues $240,000 240,000 Variable costs 120,000 140,000 Fixed costs 70,000 70,000 Which of the fol

Changes in recreational use value - water quality, You perform a travel cos...

You perform a travel cost study that looks at the relationship between the cost of visiting a lake (including costs of travel, value of time spent not working & any entry fees), it

Absorption of non production overheads in production cost, Absorption of No...

Absorption of Non Production Overheads in Production Cost Product costs may be compiled for a range of purposes including a) Stock valuation b) Product pricing c) Dec

Identify the relevant per-unit costs, Bakers Bagels LLC produces and sells ...

Bakers Bagels LLC produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $.020 per unit to produce. The company is consid

Co-ownership incentive scheme or profit sharing schemes, Co-ownership incen...

Co-ownership incentive scheme or Profit Sharing Schemes The organization permits for ownership whereby the employees are permitted to own a percentage of the shares in the fir

How much should the selling price be per unit, Pritchard Company manufactur...

Pritchard Company manufactures a product that has a variable cost of $30 per unit. Fixed costs total $1,500,000, allocated on the basis of the number of units produced. Selling pri

Methods of cost estimation, Methods of Cost Estimation We will conside...

Methods of Cost Estimation We will consider given cost estimation methods commonly employed, namely as: a. High Low Activity method b. Engineering Analysis c. Account

Break even analysis, B REAK EVEN ANALYSIS Break even analysis is a bro...

B REAK EVEN ANALYSIS Break even analysis is a broadly used technique to study cost-volume-profit relationship.  It can be explained as - 'a system for determination of that le

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