Cheero Company produces two types of stereo units: Deluxe and Regular. For the mostrecent year, Cheero reports the following data:Budgeted manufacturing overhead $150 000Budgeted direct labour hours 50 000Actual direct labour hours 54 000Actual manufacturing overhead 250 000Deluxe RegularUnits produced 5 000 50 000Prime costs $50 000 $320 000Direct labour hours 6 000 48 000Required:a) Calculate a predetermined overhead rate based on direct labour hours.b) Calculate the unit product cost of each type of stereo unit

Wynham Stereos produces and sells speakers and CD players. The following information about the costs related to the systems has been collected.$ $Selling price per unit           220   Production costs per unit           Total fixed overhead 120,000         Direct materials 61        Direct labour 62        Variable overhead 45Wynham Stereos normally produces 14,000 of these systems per year.The managers have recently received an offer from a Mexican company to produce these systems for $180 each. The managers estimate that $72,000 of Wynham Stereos’ fixed costs could be eliminated if it accepted the offer.Required:Perform a quantitative analysis for the decision.Important:For any amounts, please don't include the dollar sign ($) or any thousands separators - i.e., $12,000 should be written as 12000.If you think the amount in a cell should be 0, type 0 - don't leave that cell empty.For any amounts, please don't include the - (minus) sign in front of the amounts and also don't place the amounts in parentheses. Make    Buy  $ $Direct materials Answer 1 Question 4 Answer 2 Question 4Direct labour Answer 3 Question 4 Answer 4 Question 4Variable overhead           Answer 5 Question 4 Answer 6 Question 4Fixed overhead Answer 7 Question 4 Answer 8 Question 4Purchase price Answer 9 Question 4 Answer 10 Question 4Total costs Answer 11 Question 4 Answer 12 Question 4

Item I through 10 are based on the following information.Wonders Inc. manufactures radios in two different styles:Radio Model Annual Sales in UnitsStarry 10,000Polka 16,000Wonders uses a traditional volume-based costing system in applyingfactory overhead using direct labor pesos. The unit prime costs ofeach product were as follows:Starry PolkaDirect Materials P38 P25.40Direct Labor1.2xP14.60= 17.520.9xP14.60= 13.14The predetermined overhead rate was 350% (P1,349,040 / 385,440).Direct Labor budget per annual sales:Starry radio 10,000xP17.52 P175,20018Polka radio 16,000xP13.14 210,240Total P385,440Factory overhead:Engineering and Design P404,712Quality Control 269,808Machinery 519,616Miscellaneous Overhead 134,904Total P1,349,040Wonder`s controller had been researching activity-based costing anddecided to switch to it. A special study determined Wonder`s two radiomodels were responsible for the following proportions of each costdriver.Starry PolkaEngineering and Design 40% 60%Quality Control 45% 55%Machinery 60% 40%\Miscellaneous Overhead 35% 65%1.) Using traditional costing, applied factory overheadper unit for the starry model is calculated to be:a P61.32. c. P43.42.b P65.35. d. P45.99.2.) Using traditional costing, applied factory overheadper unit for the Polka model is calculated to be:a P61.32. c. P43.42.b P65.43. d. P45.99.193.) Using activity-based costing, applied factory overheadper unit for the Starry model, based on Engineering andDesign, is calculated to be:a P32.38. c. P16.19.b P12.14. d. P4.72.4.) Using activity-based costing, applied factory overheadper unit for the Starry model, based on Quality Control,is calculated to be:a P32.38. c.P16.19.b 12.14. d. 4.72.5.) Using activity-based costing, applied factory overheadper unit for the Starry model, based on Machinery, iscalculate to be:a P32.38 c. P16.19.b P12.14 d. P4.726.) Using activity-based costing, applied factory overheadper unit for the Starry model, based on MiscellaneousOverhead, is calculated to be:a P32.38. c. P16.19.b P12.14. d. P4.72.7.) Using activity-based costing, applied factory overheadper unit for the polka model, based on Engineering andDesign, is calculated to be:a P15.18. c. P5.48.b P9.27. d. P13.49.8.) Using activity-based costing, applied factory overheadper unit for the Polka model, based on Quality Control,is calculated to be:a P15.18. c. P5.48.b P9.27. d. P13.499.) Using activity-based costing, applied factory overheadper unit for the Polka model, based on Machinery iscalculated to be:a P15.18. c. P5.48.b P9.27 d. P13.49.2010.) Using activity-based costing, applied factory overheadper unit for the Starry model, based on MiscellaneousOverhead, is calculated to be:a. P15.18b. P9.27c. P5.48d. P13.49e.

A company has the following annual budget data:Beginning finished goods inventory 52,000 unitsSales 82,000 unitsEnding finished goods inventory 42,000 unitsDirect materials $ 12 per unitDirect labor $ 24 per unitVariable factory overhead $ 5 per unitSelling costs $ 2 per unitFixed factory overhead $ 92,000  What are total budgeted production costs for the year? (CIA adapted)Multiple Choice$3,116,000$2,952,000$3,208,000$3,044,000

During its first month of operations, a manufacturer incurs the following costs (in dollars) related to activities within its factory:Direct materials $15,000Direct labor $30,000Manufacturing overhead $40,000What amount should be reported as cost of goods sold on the income statement if 5,000 units are produced and 4,000 are sold? $56,000 $68,000 $70,000 $85,000

Question 1Below are the details of a production cost center Y, during the period July – December2023:Total budgeted production overhead RM95,000Budgeted production output 2,000 unitsBudgeted direct labour hours 3,500 hoursBudgeted machine hours 4,500 hoursBudgeted direct labour costs RM25,000Budgeted direct material costs RM60,000Details of manufacturing cost for Job No. 77 per units are as follows:Direct material cost RM90Direct labour cost RM30Direct labour hours 6 hoursMachine hours 8 hoursYou are required to:a. calculate the overhead absorption rate (OAR) and cost of overhead beenabsorbed for Job No. 77 using:i. direct materials cost percentage rate (2 marks)ii. direct labour cost percentage rate (2 marks)iii. machine hour (MH) rate (2 marks)iv. direct labour hour (DHL) rate (2 marks)b. calculate the total production cost per unit for Job No. 77 when overhead beenabsorbed using:i. direct materials cost percentage rate (3 marks)ii. machine hour (MH) rate (3 marks)