Objectives: 1. Apply accounting manufacturing concepts to an actual product to solidify the learning


Question Description:

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Objectives: 1. Apply accounting manufacturing concepts to an actual product to solidify the learning 1 answer below » Objectives: 1. Apply accounting manufacturing concepts to an actual product to solidify the learning process. 2. Learn how all the numbers fit together. 3. Develop decision making analysis techniques. Manufacturing Questions Instructions: 1. This project should stand by itself. Include the questions with your submission–not just the answers. Identify all numbers. Points will be deducted if I can’t understand what you are answering. 2. You may use Excel to complete tables and/or answer questions. Just make sure you label your work and turn the Excel file in. View complete question » Objectives: 1. Apply accounting manufacturing concepts to an actual product to solidify the learning process. 2. Learn how all the numbers fit together. 3. Develop decision making analysis techniques. Manufacturing Questions Instructions: 1. This project should stand by itself. Include the questions with your submission–not just the answers. Identify all numbers. Points will be deducted if I can’t understand what you are answering. 2. You may use Excel to complete tables and/or answer questions. Just make sure you label your work and turn the Excel file in. Document Preview: Objectives:

1. Apply accounting manufacturing concepts to an actual product to solidify the learning process.

2. Learn how all the numbers fit together.

3. Develop decision making analysis techniques.

Manufacturing Questions Instructions:
This project should stand by itself. Include the questions with your submission–not just the answers. Identify all numbers. Points will be deducted if I can’t understand what you are answering.
You may use Excel to complete tables and/or answer questions. Just make sure you label your work and turn the Excel file in.
You may discuss this project with classmates. A discussion board will be set up for this project. Try to get help from classmates first. Your professor will only provide limited individual help.
You can also print, hand write the answers, and submit a scanned copy
_x000C_Your information:

Your company produces a basic potato chip. There are three main processes used in the chips. The first process washes and peels the potatoes. The second process slices and fries the potatoes. The third process seasons and packages the chips. The potato chips are sold in 12 oz bags (1 bag is a unit)

Information on the direct materials is listed in table 1. Consider this information the standard.

Direct labor information given in Table 2. Consider this information the standard.

Annual overhead information is given in Table 3. Overhead is allocated based direct labor hours. Estimated annual direct labor hours are 12,500. Calculate a predetermined OH rate (round to two decimal places if needed). Use this rate when you need to apply OH. Predetermined OH Rate 88,752 / 12,500 = 7.10

Table 4 gives you the information for the last two months on the overhead cost. Use this information to determine the fixed and variable portions of the cost. (You will need this information to complete Table 5). Machine hours have been determined as the best cost driver for separating mixed cost into their… Attachments: Q-Attachment.doc View less » Jul 29 2015 12:10 PM

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