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Pluton makes particular plastics for sale to the public and the government. Basic cost data...

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Accounting

Pluton makes particular plastics for sale to the public and the government. Basic cost data for a 100-pound drum of one particular product called Xentra appears below:

Qty Cost
Chemical Xeta, gals 15 $ 25.00
Chemical Thenta, gals 35 $ 27.50
Base material, pound 20 $ 1.00
100-lb lined drum 1 $ 51.83

Variable factory overhead is estimated to be $1,200,000 per month, when 1,000,000 pounds of various products are produced. The plant employs 20 chemical workers who typically work 175 hours each per month and are paid $24 per hour. Other workers are classified as indirect and are included in fixed overhead. The highly automated plant typically runs 21,000 machine hours per month. The preparation of one 100-pound batch of Xentra needs ten minutes of direct labor and 75 minutes of machine time. Fixed manufacturing overhead totals $3,500,000 per month. Forty percent of the fixed manufacturing overhead is labor-related costs and the balance is machine-related costs. Assuming normal production levels, what is the amount of direct labor and overhead per drum?

Multiple Choice

  • $191.67

  • $287.40

  • $311.67

  • $315.67

  • None of the choices are correct

Answer & Explanation Solved by verified expert
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