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Please help how to solve this question - CMA part 1 

09-30-2012 04:53 AM

Dear Colleagues, The answer for this question is $ 8,000, but I don't know how it comes - please help me if any body knows how to answer. Richardson Motors uses ten units of Part Number T305 each month in the production of large diesel engines. The cost to manufacture one unit of T305 is presented below. Direct Materials $2,000 Material handling(20% of direct material cost) $400 Direct labor $16,000 Manufacturing overhead (150% of direct labor) $24000 ---------------- Total manufacturing cost $42,400 Material handling, which is not included in manufacturing overhead, represents the direct variable costs of the Receiving Department that are applied to direct materials and purchased components on the basis of their cost. Richardson's annual manufacturing overhead budget is one-third variable and two-thirds fixed. Simpson Castings, one of Richardson's reliable vendors, has offered to supply T305 at a unit price of $30,000. Assume the rental opportunity does not exist and Richardson Motors could use the idle capacity to manufacture another product that would contribute $104,000 per month. If Richardson chooses to manufacture the ten T305 units in order to maintain quality control, Richardson's opportunity cost is $36,000. $8,000. $(96,000). $(40,000).

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05-14-2013 02:05 AM

why in the first option the fixed OH are not calculated

01-21-2013 01:29 AM

Dear Oliver,
I too was now getting the answer for this question as i missed the 20% of material handling for the material purchased. Now its clear. thanks a lot.

10-03-2012 06:04 AM

Hello Kamal,
You have 2 options:
- You build the ten units of Part Number T305
- You buy the ten units and you build an another product
1st option:
Cost = 2,000 (DM) + 400 (MH) + 16,000 (DL) + 8,000 (Variable Manufacturing OH: 24,000 x 1/3) = 26,400 USD
10 units x 26,400 = 264,000 USD
2st option:
Cost = 30,000 + 20% of 30,000 = 36,000 USD
10 units = 360,000 USD
Revenue from the new product built = 104,000 USD
Total = 360,000 - 104,000 USD = 256,000 USD
Conclusion:
264,000 - 256,000 = 8,000 USD
The common mistake is to forget the 20% of material handling for the 2nd option or to don't remove the fixed cost of manufacturing OH for the 1st option. It's a tricky one, I hope it would help you !
Olivier

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