24 Universal Automotive Group is a maker of engines for high performance cars an

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24 Universal Automotive Group is a maker of engines for high performance cars and uses a process costing system. The following information pertains to the final department of manufacturing for Universal's most popular engine, the "Atomic 8". Beginning work-in-process (50% completed) 450 units Transferred-in 1,800 units Normal spoilage 110 units Abnormal spoilage 110 units Good units transferred out 1,570 units Ending work-in-process (28% completed) 460 units Conversion costs in beginning inventory $204,300 Current conversion cost $825,741 Universal Automotive Group calculates separate costs of spoilage by computing both normal and abnormal spoiled units. Normal spoilage costs are reallocated to good units and abnormal spoilage costs are charged as a loss. The units of the Atomic 8 that are spoiled are the result of defects not discovered before inspection of finished units. Using the weighted-average method, answer the following question: What are the unit conversion costs?   29 Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2013: Denominator volume - number of units 8,300 Denominator volume - percent of capacity 83% Denominator volume - standard direct labor hours 25,300 Budgeted variable factory overhead at denominator volume $107,400 Total standard factory overhead rate per direct labor hour $15.70 During 2013, Bluecap worked 29,000 direct labor hours and manufactured 10,070 units. The actual factory overhead was $14,600 greater than the flexible budget amount for the units produced, of which $6,200 was due to fixed factory overhead. In preparing a budget for 2014 Bluecap decided to raise the level of operation to 94.00% of capacity, to manufacture 9,400 units at a budgeted total of 27,800 direct labor hours. The total overhead variance in 2013 for Bluecap Co. is: 31 Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5.50 kilograms × $13.00/kilogram) = $71.50/unit. Direct labor (3.90 hours × $22.00 per hour) = $85.80/unit. All materials were issued at the beginning of processing. The operating data shown below were taken from the records for December: In-process beginning inventory None In-process ending inventory - 90.00% complete as to labor 1,071 units Units completed during he period 7,270 units Budgeted output 7,890 Purchases of materials (in kilograms) 44,000 Total actual direct labor cost incurred $586,947 Direct labor hours worked (AQ) 29,240 hours Materials purchase-price variance $1,770 favorable Increase in materials inventory in December 1,708 kilograms The direct labor efficiency variance for December is: 24 Universal Automotive Group is a maker of engines for high performance cars and uses a process costing system. The following information pertains to the final department of manufacturing for Universal's most popular engine, the "Atomic 8". Beginning work-in-process (50% completed) 450 units Transferred-in 1,800 units Normal spoilage 110 units Abnormal spoilage 110 units Good units transferred out 1,570 units Ending work-in-process (28% completed) 460 units Conversion costs in beginning inventory $204,300 Current conversion cost $825,741 Universal Automotive Group calculates separate costs of spoilage by computing both normal and abnormal spoiled units. Normal spoilage costs are reallocated to good units and abnormal spoilage costs are charged as a loss. The units of the Atomic 8 that are spoiled are the result of defects not discovered before inspection of finished units. Using the weighted-average method, answer the following question: What are the unit conversion costs?   29 Bluecap Co. uses a standard cost system and flexible budgets for control purposes. The following budgeted information pertains to 2013: Denominator volume - number of units 8,300 Denominator volume - percent of capacity 83% Denominator volume - standard direct labor hours 25,300 Budgeted variable factory overhead at denominator volume $107,400 Total standard factory overhead rate per direct labor hour $15.70 During 2013, Bluecap worked 29,000 direct labor hours and manufactured 10,070 units. The actual factory overhead was $14,600 greater than the flexible budget amount for the units produced, of which $6,200 was due to fixed factory overhead. In preparing a budget for 2014 Bluecap decided to raise the level of operation to 94.00% of capacity, to manufacture 9,400 units at a budgeted total of 27,800 direct labor hours. The total overhead variance in 2013 for Bluecap Co. is: 31 Shade Company adopted a standard cost system several years ago. The standard costs for direct labor and direct materials for its single product are as follows: Materials (5.50 kilograms × $13.00/kilogram) = $71.50/unit. Direct labor (3.90 hours × $22.00 per hour) = $85.80/unit. All materials were issued at the beginning of processing. The operating data shown below were taken from the records for December: In-process beginning inventory None In-process ending inventory - 90.00% complete as to labor 1,071 units Units completed during he period 7,270 units Budgeted output 7,890 Purchases of materials (in kilograms) 44,000 Total actual direct labor cost incurred $586,947 Direct labor hours worked (AQ) 29,240 hours Materials purchase-price variance $1,770 favorable Increase in materials inventory in December 1,708 kilograms The direct labor efficiency variance for December is:

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24 Universal Automotive Group is a maker of engines for high performance cars an

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