Costs: Materials: direct‚ variable 1‚600 Labour: direct‚ variable 960 Labour: indirect‚ fixed 280 Other production overheads: variable 400 Other production overheads: fixed 640 Selling overheads: variable 480 Selling overheads: fixed 360 Distribution overheads: variable 280 Distribution overheads: fixed 120 Administration overheads: fixed 600 (5‚720) Net profit for the year 1‚480 Anhad is planning next year’s activity and its forecasts
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Duggan company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $341‚010 for the year‚ and machine usage is estimated at 126‚300 hours.For the year‚ $363‚ 036 of overhead costs are incurred and 132‚600 hours are use. Please compute the manufacturing overhead rate for the year. The buedgeted overhead rate is based on the estimates that the company makes at the beginning of the year. Remember‚ overhead rate = total cost / total cost driver
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VELVET Velvet is a fabric with a short and closely woven nap. The production of velvet varies between two methods. One uses a double-cloth construction in which two shifts of fabric are woven with long threads joining them together. After the double fabric is woven‚ the center threads are cut‚ producing two pieces of velvet. The second method of producing velvet uses wires. During the weaving the yarn is lifted over the wires to form the pile. After removing the wires theyarn is cut to form the
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Fabrics It refers to any material made through weaving‚knitting‚spreading‚crocheting or bonding that may be used in productionof further goods(garments etc). Uses ->it is used in clothing purpose mostly. ->it is used in industrial as well as scientific purpose. ->it is used in household purposes. ->it is used in making day to day products. ->it is used in making even footwear these days. Types of fabrics 1.Cotton Fabrics 2.Silk Fabrics 3.lycra 4.Polyster
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The Art of Manipulating Fabric By Colette Wolff The Art of Manipulating Fabric Description: The possibilities for three-dimensional manipulation of fabric - gathering‚ pleating‚ tucking‚ shirring‚ and quilting woven materials - are seemingly endless. To describe them all would be to describe the entire history of sewing. In The Art of manipulating Fabric‚ Colette Wolff has set herself just this task‚ and she succeeds brilliantly. Working from the simplest possible form - a flat piece of cloth
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were 163‚000. Required： 1. Compute the (a) budgeted indirect-cost rate and (b) actual indirect-cost rate. Why do they differ? 2. What are the job costs of the Laguna Model and the Mission Model using (a) normal costing and (b) actual costing? 3. Why might Amesbury Construction prefer normal costing over actual costing? Answer： 1. = = = $50 per direct labor-hour = = = $40 per direct labor-hour These two rates differ because both the number of indirect costs and direct labor-hours
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would you characterize the main economic legal-political and sociocultural difference influencing the relationship between the partners in Shui Fabrics? What GLOBE project dimensions would help you understand in Chinese and America perspectives illustrated in the case? Answer: the differences influencing the relationship between in partners in Shui Fabrics are: Chinese America Humane orientation - Concerned about job creation - 3000 jobs made a real contribution to the local economy - Does
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Shui Fabrics Ray Betzell‚ the general manager of a joint conjecture amongst pugnacious River Industries and Shanghai fabrics Ind.‚ was being torn mingled with the two companies. After many years of production Rocky Rivers President capital of Minnesota Danvers wasnt satisfied with the annual return of 5%. Chui Wai‚ deputy general manager‚ believed that Shui was generating just the business level of profit not too much and not too little. Although Chui Wai believed production and profits were
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OVERHEAD COSTS ACCOUNTING Overheads are indirect costs which can not directly be traced to cost units. The task of the cost accountant is to charge these overhead costs to cost units/products. There are two approaches of charging overhead costs to cost units Viz i. Traditional/conventional absorption costing method and‚ ii. Activity Based Costing (ABC) Classification of overheads Overheads can be classified as production or non production overheads. Production overheads are those incurred
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Ray Betzell‚ the general manager of a joint venture between Rocky River Industries and Shanghai fabrics Ind.‚ was being torn between the two companies. After many years of production Rocky River’s President Paul Danvers wasn’t satisfied with the annual return of 5%. Chui Wai‚ deputy general manager‚ believed that Shui was generating just the right level of profit not too much and not too little. Although Chui Wai believed production and profits were well‚ his partner didn’t agree. Paul Danvers
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