Sippican - Receiving & control hours 30.00 25 125 281...

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SIPPICAN CORPORATION COST RATES MONTHLY DAYS/ HOURS/ NON-PROD NET PROD PROD HOURS/ COST/ COST MONTH DAY TIME TIME MONTH HOUR 3,900 20 7.5 1.5 6 120 32.50 Receiving/Shipping 3,900 20 7.5 1 6.5 130 30.00 Engineers 9,750 20 7.5 1.5 6 120 81.25 Machines 5,400 20 12 240 22.50
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SIPPICAN CORPORATION PROCESS HOURS PER PRODUCT DEPARTMENT COST/ VALVES PUMPS FLOW TOTAL VALVES PUMPS FLOW HOURS Cost of HOUR CONTROLLERS CONTROLLERS Available Unused Unused Production volume 7,500 12,500 4,000 24,000 Production mix 31% 52% 17% Total direct labor hours 2,850 6,250 1,600 10,700 10,800 (100) (3,250.00) Total machine run hours 3,750 6,250 1,200 11,200 Total machine set up hours 100 600 2,700 3,400 60,750.00 Total machine hours 22.50 3,850 6,850 3,900 14,600 86,625 154,125 87,750 14,880 (280) (6,300.00) Labor set up hours 32.50 100 600 2,700 3,400 3,250 19,500 87,750 3,600 (200) (6,500.00)
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Unformatted text preview: Receiving & control hours 30.00 25 125 281 431 750 3,750 8,438 520 (89) (2,662.50) Engineering hours 81.25 60 240 600 900 4,875 19,500 48,750 960 (60) (4,875.00) Packaging and shipping 30.00 1,033 1,750 700 3,483 31,000 52,500 21,000 3,640 (157) (4,700.00) Maufacturing OH 126,500 249,375 253,688 629,563 (25,038) (25,038) OH rate per unit 16.87 19.95 63.42 0.4029584037 SIPPICAN CORPORATION VALVES PUMPS FLOW CONTROLLERS Unit selling price (actual) 79.00 60.00 150.00 Less: Manufacturing costs Direct materials 16.00 20.00 22.00 Direct labor 12.35 16.25 13.00 Mfg overhead 16.87 19.95 63.42 Total manufacturing costs 45.22 56.20 98.42 Gross profit 33.78 3.80 51.58 Gross profit margin 43% 6% 34% Mfg overhead as % of DL 1.37 1.23 4.88...
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This note was uploaded on 01/16/2012 for the course MBA 101 taught by Professor Wormer during the Spring '08 term at Indian Institute Of Management, Ahmedabad.

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Sippican - Receiving & control hours 30.00 25 125 281...

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