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Case 19-2 Black Meter Company

Autor:   •  February 4, 2012  •  Case Study  •  412 Words (2 Pages)  •  1,984 Views

Page 1 of 2

Question 1

Illustration A19-2: Foundry Standard Cost

1. Material Cost = 101.92: because costs are calculated for a lot of 100 units, the standard cost of phosphor bronze is 1.12 per pound and one unit uses 0.91 pounds.

100x0.91x1.12=101.92

2. Pattern Cost=15

3. Standard hours per 100 pcs=87.12

4. Standard Rate per hour=18

5. Total foundry standard cost: sum of material cost, pattern, molding cost, grinding cost and snagging cost=101.92+15+87.12+18+27.20= 249.24

Illustration A19-3: Parts Department Standard Cost

1. Material Cost=249.24

2. Standard hours per 100 pcs=0.75 0.55 0.93 0.47 0.17 5.00 0.20 0.30 0.47 0.50 5.80

3. Standard Rate per hour=42.9 40.3 40.3 40.3 40.3 40.3 40.3 40.3 40.3 40.3 40.3

4. Total Parts Department Standard Cost

= sum of material cost, and the total of operations and tools costs

= 249.24+32.18+22.17+37.48+18.94+6.85+201.50+8.06+12.09+18.94+233.74=861.34

Illustration A19-4: Assembly Department Standard Cost

Total Assembly Department Standard Costs

= sum of parts of assembly costs and operations and tools standard costs under the assembly department

=861.34+247.20+227.73+448.47+968.35+284.60+1,135.29+90+30+24+11.12+40.41+18.45+

39.45+28.38+236.25+155.25+189.00=5,035.29

Question 2

In a standard cost system, each year, a base is predetermined. This

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