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MedTech, Inc., manufactures and sells diagnostic equipment used in the medical profession. Its job costing system was designed using an activity-based costing approach. Direct materials and direct labor costs are accumulated separately, along with information concerning four manufacturing overhead cost drivers (activities). Assume that the direct labor rate is $29 per hour and that there were no beginning inventories. The following information was available for 2010, based on an expected production level of 342,105 units for the year: Activity(Cost Driver)...BudgetedCosts for 2010....Cost Driver Used as Allocation Base....Cost Allocation Rate Materials handling...... $ 5,400,000............... Number of parts used .............$ 1.00 per part Milling and grinding..... 9,000,000............... Number of machine hours ........ 11.00 per hour Assembly and inspection..6,100,000.............. Direct labor hours worked........ 4.00 per hour Testing ........................1,300,000 ............. Number of units tested ............ 3.80 per unit The following production, costs, and activities occurred during the month of August: Units Produced/Tested...Direct Materials Costs...Numberof Parts Used....Machine Hours Direct...Labor Hours 59,000....................... $3,700,000 .................295,000...................... 98,000..................... 175,000 a) Calculate the total manufacturing costs and the cost per unit produced and tested during the month of August for MedTech, Inc. (Round "Cost per unit" to 2 decimal places. Omit the "$" sign in your response.)
For both Machine use straight line depreciation to zero over the projects life and assume a salvage value of $40,000. if your tax rate is 35 percent and your discount rate is 10 percent , compute the EAC of both machines
an employee receives an hourly rate of 27 with time and a half for all hours worked in excess of 40 during a week.
Generally, period costs are classified as either a. selling expenses or production expenses. b. administrative expense or production expenses. c. selling expenses or administrative expenses. d. general expenses or selling expenses.
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Social security tax rate, 6% on maximum of $100,000; and Medicare tax rate, 1.5% on all earnings; state unemployment compensation tax, 3.4% on the first $7,000; federal unemployment compensation tax, .8% on the first $7,000. What is the employer's..
What are some examples of direct and indirect inventoriable costs for Dell? Why has Dell's gross margin (in dollars) steadily increased from 2003 to 2005, yet the gross margin as a percent of net revenue has only increased slightly?
aulman inc. has a number of divisions including a furniture division and a motel division. the motel division owns and
Prepare a statement of cash flows for the year 2010 for Aero Inc.
When a company decides to switch from LIFO to FIFO for inventory valuation, this change should be treated as what and Which formula would a bank or an investor most likely use when evaluating a company's cash flows?
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