C10 2 2018 Projected Production standards Units per P1 Units per P2 Unit cost of

Question

C10 2 2018 Projected Production standards Units per P1 Units per P2 Unit cost of input $60.00 $50.00 0.14 4 Direct labor hrs T1 5 Direct labor hrs T2 6 Machine hrs 7 Lbs of Z1 8 Units of Z2 9 Feet of Z3 10 11 P1 manufactures 40,000 in 2018 12 P2 manufactures 80,000 in 2018 13 0.35 0.025 0.01 3 $2.50 $1.50 $0.60 6 15 16 Based on your answers provided in Part 1 determine the following amounts 17 need to satisfy production goals for 2018 18 19 The total number of T1 labor hours required 20 21 The total number of T2 labor hours required 5600 28000 2400 23 The total number of machine hours required 24 25 The total number of ibs. of input Z1 required 26 27 The total number of units of input Z2 required 28 29 The total number of feet of input Z3 required 30 31 What is the budget for T1 direct labor dollars)? 32 33 What is the budget for T2 direct labor (dollars)? 440000 160000 560000 $336,000.00 $1.400.000.00 $1,736.000.00 34 35 What is the totäl labor budget (dolars)? 36 37 instructions PartPart 2 Part 3 Part4 Parts Read Type here to search

Explanation / Answer

1.

4.

Purchase budget of Z1 ($) = 442000 X 2.5 = 1105000

5.

Purchase budget of Z2 ($) = 168000 X 1.5 = 252000

6.

Purchase budget of Z3 ($) = 555000 X .6 = 333000

7.

Total purchase budget ($) = point (4+5+6) = 1105000+252000+333000 = 1690000

8.

Cost of goods manufactured for P1

9.

Average cost of goods manuf. for P1 = total cost / total no. of units manufatured = 996000/40000 = $24.9

10.

Cost of goods manufactured for P2

11.

Average cost of goods manuf. for P2 = total cost / total no. of units manufatured = 3088000/80000 = $ 38.6

Total Z1 required 440000 ADD: closing stock 8000 LESS: Opening stock -6000 Purchase of Z1 442000 2. Total Z2 required 160000 ADD: closing stock 13000 LESS: Opening stock -5000 Purchase of Z2 168000 3. Total Z3 required 560000 ADD: closing stock 17000 LESS: Opening stock -22000 Purchase of Z3 555000

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