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Finch Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The...
Jordan Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The...
Jordan Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following: Factory manager's salary Factory utility cost Factory supplies Total overhead costs $ 233,300 78,000 27,000 $ 338,300 Jordan uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows: 290 Hours 725 Cups Tablecloths Bottles Total machine hours 975 1,990 Required a. Allocate the...
Benson Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The...
Benson Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following. Factory manager's salary Factory utility cost Factory supplies Total overhead costs $216,450 79,000 23,000 $318,450 Benson uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows. Cups Tablecloths Bottles Total machine hours 280 Hours 700 950 1,930 Required a. Allocate the budgeted overhead...
Willey Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The...
Willey Company makes three products in its factory: plastic
cups, plastic tablecloths, and plastic bottles. The expected
overhead costs for the next fiscal year include the following:
Allocate the budgeted overhead costs to the
products.
$210,000 70,000 Factory manager's salary Factory utility cost Factory supplies 20,000 $300,000 Total overhead costs Willey uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows: 300 Hours Cups Tablecloths 750 950 Bottles 2,000 Total...
Thornton Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The...
Thornton Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following. Factory manager's salary Factory utility coat Factory supplies Total overhead costs $222, 350 77,000 29,000 $328, 350 Thornton uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows. Cups Tablecloths Bottles Total machine hours 290 Hours 725 975 1,990 Required a. Allocate the...
Finch Rug Company makes two types of rugs, seasonal and all-purpose. Both types of rugs are...
Finch Rug Company makes two types of rugs, seasonal and all-purpose. Both types of rugs are handmade, but the seasonal rugs require significantly more labor because of their decorative designs. The annual number of rugs made and the labor hours required to make each type of rug follow: Number of rugs Number of direct labor hours Seasonal 1,170 122,000 All-Purpose 2,760 165,000 Totals 3,930 287,000 Required a. Assume that annual overhead costs total $74,620. Select the appropriate cost driver and...
Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost...
Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Cost per 100 Two-Liter Bottles Direct labor $1.2 Direct materials 5.52 Factory overhead 0.3 Total $7.02 At the beginning of July, GBC management planned to produce 460,000 bottles. The actual number of bottles produced for July was 496,800 bottles. The actual costs for July of the current year were as follows: Cost Category...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Cost per 100 Two-Liter Bottles Direct labor $1.54 Direct materials 5.64 Factory overhead 0.26 Total $7.44 At the beginning of July, GBC management planned to produce 520,000 bottles. The actual number of bottles produced for July was 561,600 bottles. The actual costs for July of the current year were as...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Standard Cost Cost Category per 100 Two-Liter Bottles Direct labor $1.46 Direct materials 5.82 Factory overhead 0.28 Total $7.56 At the beginning of July, GBC management planned to produce 600,000 bottles. The actual number of bottles produced for July was 648,000 bottles. The actual costs for July of the current year were as...
Bubble Company produces a variety of bottles from recycled plastic. The company has one particular machine...
Bubble Company produces a variety of bottles from recycled plastic. The company has one particular machine on which it can produce either of two types of water bottles, 1-liter bottles or 1/2-liter bottles. Sales demand for both products is such that the machine could operate at full capacity on either of the products, and Bubble can sell all output at current prices. One unit of the 1/2-liter product requires one hour of machine time per unit of output, and one...
Finch Manufacturing Company uses two departments to make its products. Department I is a cutting department...
Finch Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead costs: employee fringe...
Jordan Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following: Factory manager's salary Factory utility cost Factory supplies Total overhead costs $ 233,300 78,000 27,000 $ 338,300 Jordan uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows: 290 Hours 725 Cups Tablecloths Bottles Total machine hours 975 1,990 Required a. Allocate the...
Benson Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following. Factory manager's salary Factory utility cost Factory supplies Total overhead costs $216,450 79,000 23,000 $318,450 Benson uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows. Cups Tablecloths Bottles Total machine hours 280 Hours 700 950 1,930 Required a. Allocate the budgeted overhead...
Willey Company makes three products in its factory: plastic
cups, plastic tablecloths, and plastic bottles. The expected
overhead costs for the next fiscal year include the following:
Allocate the budgeted overhead costs to the
products.
$210,000 70,000 Factory manager's salary Factory utility cost Factory supplies 20,000 $300,000 Total overhead costs Willey uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows: 300 Hours Cups Tablecloths 750 950 Bottles 2,000 Total...
Thornton Company makes three products in its factory: plastic cups, plastic tablecloths, and plastic bottles. The expected overhead costs for the next fiscal year include the following. Factory manager's salary Factory utility coat Factory supplies Total overhead costs $222, 350 77,000 29,000 $328, 350 Thornton uses machine hours as the cost driver to allocate overhead costs. Budgeted machine hours for the products are as follows. Cups Tablecloths Bottles Total machine hours 290 Hours 725 975 1,990 Required a. Allocate the...
Finch Rug Company makes two types of rugs, seasonal and all-purpose. Both types of rugs are handmade, but the seasonal rugs require significantly more labor because of their decorative designs. The annual number of rugs made and the labor hours required to make each type of rug follow: Number of rugs Number of direct labor hours Seasonal 1,170 122,000 All-Purpose 2,760 165,000 Totals 3,930 287,000 Required a. Assume that annual overhead costs total $74,620. Select the appropriate cost driver and...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Cost per 100 Two-Liter Bottles Direct labor $1.54 Direct materials 5.64 Factory overhead 0.26 Total $7.44 At the beginning of July, GBC management planned to produce 520,000 bottles. The actual number of bottles produced for July was 561,600 bottles. The actual costs for July of the current year were as...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Standard Cost Cost Category per 100 Two-Liter Bottles Direct labor $1.46 Direct materials 5.82 Factory overhead 0.28 Total $7.56 At the beginning of July, GBC management planned to produce 600,000 bottles. The actual number of bottles produced for July was 648,000 bottles. The actual costs for July of the current year were as...
Bubble Company produces a variety of bottles from recycled plastic. The company has one particular machine on which it can produce either of two types of water bottles, 1-liter bottles or 1/2-liter bottles. Sales demand for both products is such that the machine could operate at full capacity on either of the products, and Bubble can sell all output at current prices. One unit of the 1/2-liter product requires one hour of machine time per unit of output, and one...
Finch Manufacturing Company uses two departments to make its products. Department I is a cutting department that is machine intensive and uses very few employees. Machines cut and form parts and then place the finished parts on a conveyor belt that carries them to Department II, where they are assembled into finished goods. The assembly department is labor intensive and requires many workers to assemble parts into finished goods. The company's manufacturing facility incurs two significant overhead costs: employee fringe...
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