# ACC 400 WK 2

## ACC 400 WK 2

E 17.5
Estimate the total cost of manufacturing the tables for Cosmopolitan University.

Direct materials................................................................................... \$14,000
Direct labor........................................................................................ \$15,000
Machine hours(\$40,000 x 60/600 machine hours)............................................ \$4,000
Material moves (\$20,000 x 20/400 moves)................................................ \$1,000
Set-ups (\$10,000 x 4/100 setups)............................................................... \$400
Inspectors (\$45,000 x 2/300 inspections).................................................. \$300
Estimate total cost of job........................................................................ \$34,700

b. Determine the company’s bid price if bids are based upon the total estimated manufacturing cost of a particular project, plus 75%.

\$34,700 x 175% = \$60,725

Bid price:\$60,725

E 18.10

a. Prepare a schedule showing: (1) the number of mat sets transferred from the Cutting Department to the Coating Department in May, and (2) the number of mat sets started and completed by the Cutting Department in May.
(1)
Sets
Inputs
Beginning Work in Process .............................................. 8,000 sets
Start new units in May...................................................... 50,000 sets
Total 58,000 sets
Outputs
Ending Work in Process ................................................... (10,000) sets
Completed and Transferred mat sets................................. 48,000 sets
(2)
Sets
Total Input units 58,000 sets
Ending Work in Process................................................... (10,000) sets
Beginning Work in Process................................................ 8,000 sets
Units completed and transferred…………………………. . 40,000 sets

b. Compute the equivalent units of input resources for the Cutting Department in May.
Input...