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

Operating cycle of a merchandiser, Explain and illustrate with your own exa...

Explain and illustrate with your own example the operating cycle of a merchandiser.   Explain and  illustrate the differences between a multiple-step income statement and a single

Purpose of cost estimation, Purpose of Cost Estimation In estimating i...

Purpose of Cost Estimation In estimating it assists the future expenditure as cost prediction like the expenditure will depend upon the cost of the respective activities a)

Integrated ledger system, Integrated Ledger System An integrated accou...

Integrated Ledger System An integrated account ledger system, which has a number of features that may be viewed as preferable to the interlocking ledger system. In present dec

Activity based costing, As controller for Edmonton Cosmetic Hospital, you a...

As controller for Edmonton Cosmetic Hospital, you are looking into the possibility of utilizing Activity- Based-Costing to assign overhead costs to patient surgeries. As a first st

Commodities to stock, Commodities to Stock Employ Material Req...

Commodities to Stock Employ Material Requirement Planning From the Master Production Schedule the manager has determined such the products to be produced. A

Manufacturing concern to organization, Manufacturing Concern to Organizatio...

Manufacturing Concern to Organization There are three manufacturing centres as Making, Packing and Finishing.  These are supported through five support departments, namely Mai

Explanations on the correct fixation of selling pric, Explanations on the c...

Explanations on the correct fixation of selling price

Labour Costs and Overhead Costs, Labour Costs and Overhead costs Labo...

Labour Costs and Overhead costs Labour Costs Labour costs can be indirect or direct labour costs. Direct labour cost refers to wages paid to workers who such are directly

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