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Direct Material for 40 Cookies |
Ingredient | Estimated Quantity | Actual Quantity | Unit Cost | Total Actual Cost |
All-Purpose Flours (cup) | | 2.5 | $ 0.13 | $ 0.33 |
Brown Sugar (cup) | | 1 | $ 0.43 | $ 0.43 |
White Sugar (cup) | | 1 | $ 0.33 | $ 0.33 |
Eggs | | 2 | $ 0.16 | $ 0.33 |
Vanilla Extract (tsp) | | 0.5 | $ 0.33 | $ 0.17 |
Baking Soda (tsp) | | 1 | $ 0.01 | $ 0.01 |
Salt (tsp) | | 0.5 | $ 0.01 | $ 0.01 |
Chocolate Chip (cup) | | 1 | $ 6.28 | $ 6.28 |
Butter (cup) | | 1 | $ 1.75 | $ 1.75 |
Total Cost of Direct Materals Used | $ 9.63 |
Find:
Direct Labor: Pretend you are being paid for this. Assume a REASONABLE wage rate.
Direct Labor Hours per 40 Cookies |
Process Stage | Estimated Time | Actual Time | Hourly Rate | Total Actual Cost |
| | | | |
Total Cost of Direct Labor Used | |
Manufacturing Overhead: It is okay to estimate these costs, but there must be some rationale behind your estimate.
Manufacturing Overhead |
Overhead Item | Estimated Time | Actual Time | Hourly Rate | Total Actual Cost |
| | | | |
Total Overhead Cost Incurred | |
Answer & Explanation
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