User Account

All Pages

Required estimated cost to produce

Assignment Help Cost Accounting
Reference no: EM13552661

The Aguila Company is to submit bid on the production of 10,000 ceramic salad bowls. It is estimated that the cost of materials for Molding Dept and Finishing Dept will be $7,500 and $10,100 respectively. Factory overhead is applied at $5 per direct labor hour in the Molding Dept and at 120% of the direct labor cost in the Finishing Dept.

It is estimated that 800 direct labor hours will be required in the Molding Dept and that direct labor cost in the Finishing Dept will be $4,300.

The company wishes a bid price consisting of a mark up 40% of the total production costs. Labor cost is uniform at $5 per hour.

Required:

1. Estimated cost to produce

2. Estimated prime cost

3. Estimated conversion cost

4. Bid price

Reference no: EM13552661

Questions Cloud

Determine the motion of the particle as well as the wedge : A wedge of mass M and angle α slides freely on a horizontal plane. A particle of mass m moves freely on the wedge. Determine the motion of the particle as well as that of the wedge.
Assume that p(a - b) = p(a). prove that a n b = Ø. : Assume that P(A - B) = P(A). Prove that A ∩ B = ∅.
A set of k elements has 2^k subsets : Let G be a group of order n and suppose that G has 2^(n-1) subgroups. Show that G = or G is isomorphic to Z2 . You may use the fact that a set of k elements has 2^k subsets.
Evaluate the frequency of the tuning fork : A 40-cm-long tube has a 40-cm-long insert that can be pulled in and out. A vibrating tuning fork is held next to the tube. What is the frequency of the tuning fork
Required estimated cost to produce : Required Estimated cost to produce and Estimated prime cost - Molding Dept and that direct labor cost in the Finishing Dept
Evaluate the net charge of all these electrons : Water has a mass per mole of 18.0 g/mol, and each water molecule (H2O) has 10 electrons. What is the net charge of all these electrons
Identify the slope and y intercept of the equation : Identify the slope and y intercept of the equation.
Explain what mass of albr3 will be produced : Aluminum will react with bromine (Br2) to form AlBr3. What mass of AlBr3 will be produced if 1.00 gram of Al completely reacts with excess Br2
What is the combined sound level : A family ice show is held at an enclosed arena. The skaters perform to music with level 85.0 dB. What is the combined sound level

Reviews

Write a Review

Cost Accounting Questions & Answers

  Warren co recorded a right-of-use asset of 900000 in a

warren co. recorded a right-of-use asset of 900000 in a 8-year lease under which no profit was recorded at commencement

  Statement of cash flows direct method

Prepare the journal entries for the year ended 30 June 2012 to account for the above transactions.

  Write a program that pulls four quarterly sales figure

Write a program that Pulls four quarterly sales figure

  Calculate predetermined overhead rate and product margins

Calculate the predetermined overhead rate and using this traditional approach, compute the product margins for X100 and X200.

  Prepare the statement of changes in net position

Prepare the Statement of Changes in Net Position of the Flood Control Commission for the month ended October 31, 2011 and prepare the Statement of Budgetary Resources of the Flood Control Commission for the month ended October 31, 2011.

  Prepare a statement of cash flows for the year 2014 for aero

Prepare a statement of cash flows for the year 2014 for Aero

  Calculate consolidated net income for 2011

Calculate the goodwill that should appear in the consolidated balance sheet of Pin and Subsidiary at December 31, 2011 and calculate consolidated net income for 2011.

  Compute days sales uncollected for these companies

Compute days sales uncollected for these companies for each of the two years shown. Comment on any trends for the companies. Which company has the largest percent change in days' sales uncollected?

  Find effect will the trashing option

Consider the alternative to trashing is choosing the more profitable of the two alternatives (that the new employee looked at and did not like). Find effect will the trashing option (that the new employee wants) have on net income

  Analyse the physical internal control weaknesses

Analyse the physical internal control weaknesses in the system. Model your response according to the six categories of physical control activities specified in the COSO internal control model.

  Capital investment prior to any remaining income

In addition, Moss and Kim have suggested that the operating agreement be written so that all matters are settled by majority vote, with each partner having a one-third voting interest in the LLC and if you were providing Kelly Herron counsel, what..

  What financial statements and accounts are affected

What financial statements and accounts are affected and define transportation-in. Is it a product or a period cost?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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