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BA102B_2009_Fall_MT1 Solutions_Geyer

# BA102B_2009_Fall_MT1 Solutions_Geyer - Indirect labor...

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Indirect labor \$220,000 Insurance, factory \$30,000 Lubricants for machines \$12,500 Direct labor \$210,000 Depreciation, factory \$25,000 Purchases of raw materials \$240,000 Utilities, factory \$10,000 Beginning Ending Raw materials \$12,000 \$14,000 Work in process \$25,000 \$30,000 Finished goods \$30,000 \$27,500

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2.146 Larken Company Raw materials inventory, beginning \$12,000 Purchases of raw materials \$240,000 Raw materials available for use \$252,000 Raw materials inventory, ending \$14,000 Direct materials \$238,000 Direct labor \$210,000 Indirect labor \$220,000 Insurance, factory \$30,000 Lubricants for machines \$12,500 Depreciation, factory \$25,000 Utilities, factory \$10,000 Total overhead costs \$297,500 Total manufacturing costs \$745,500 Work in process inventory, beginning \$25,000 Work in process available for completion \$770,500 Work in process inventory, ending \$30,000 Cost of goods manufactured \$740,500
No. of Moves Total Cost 100 \$3,000 200 \$4,650 300 \$3,400 400 \$8,500 500 \$10,000 600 \$12,600 700 \$13,600 800 \$14,560

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H&M 3-16 Veromar, Inc. 1. Cost Formula Using Regression Total Cost 100 \$3,000 SUMMARY OUTPUT Cost Formula: 200 \$4,650 Total Cost = \$497.50 + \$18.425(No 300 \$3,400 Regression Statistics 400 \$8,500 Multiple R 0.97 0.94 500 \$10,000 R Square 0.94 F Stat. = 88.86 600 \$12,600 Adjusted R 0.93 95% Confidence Interval: 700 \$13,600 Standard E 1266.7 Intercept \$(1,918) 800 \$14,560 Observation 8 No. of Moves \$13.64 ANOVA df SS MS F Significance F Regression 1 ### ### 88.86 0 Residual 6 9627225 1604537.5 Total 7 ### Coefficients tandard Erro t Stat P-value Lower 95% Intercept 497.5 987.01 0.5 0.63 -1917.62 No. of Move 18.43 1.95 9.43 0 13.64 2. Total Cost at 550 Moves Total Cost = \$497.50 + (\$18.425)*(550) \$497.50 + \$10,133.75 = \$10,631.25 \$10,630 (rounded) 3.
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BA102B_2009_Fall_MT1 Solutions_Geyer - Indirect labor...

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