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Priority Company, which applies overhead to production on the basis of machine hours, reported the following...
Orlando Company, which applies overhead to production on the basis of machine hours, reported the following...
Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 16,000 Actual variable overhead incurred: $67,700 Actual machine hours worked: 19,100 Standard variable overhead cost per machine hour: $4.10 If Orlando estimates 1.10 hours to manufacture a completed unit, the company's variable-overhead spending variance is:
24) Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and...
24) Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs Variable overhead costs: Supplies $ 7,980 $ 8,230 Indirect labor 29,820 29,610 Total variable manufacturing overhead cost $ 37,800 $ 37,840 The original budget was based on 4,200 machine-hours. The company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours....
Maxwell Company uses a standard cost accounting system and applies production overhead to products on the...
Maxwell Company uses a standard cost accounting system and applies production overhead to products on the basis of machine hours. The following information is available for the year just ended: Standard variable-overhead rate per hour: $2.50 Standard fixed-overhead rate per hour: $4.00 Planned activity during the period: 20,000 machine hours Actual production: 10,700 finished units Machine-hour standard: Two completed units per machine hour Actual variable overhead: $55,440 Actual total overhead: $155,900 Actual machine hours worked: 23,100 Required: 1. Calculate the...
Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most...
Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month, the company based its budget on 4,600 machine-hours. Budgeted and actual overhead costs for the month appear below: Original Budget Based on 4,600 Machine-Hours Actual Costs Variable overhead costs: Supplies $ 11,880 $ 12,830 Indirect labor 40,100 40,800 Fixed overhead costs: Supervision 20,700 20,340 Utilities 6,900 6,870 Factory depreciation 7,900 8,210 Total overhead cost $ 87,480 $ 89,050 The company actually worked...
Better Fitness Gear applies overhead on the basis of direct labor hours. Five direct labor hours ...
Better Fitness Gear applies overhead on the basis of direct labor hours. Five direct labor hours are required for each unit produced. Planned production for the period was set at 8,000 units. Budgeted fixed manufacturing overhead for the period is budgeted at $20,000 and variable manufacturing overhead is budgeted at $100,000. The 48,500 hours worked during the period resulted in production of 9,500 units. Actual manufacturing overhead cost incurred was $156,000. Required: Calculate the three overhead variances: a. Total Spending...
rporation applies manufacturing overhead to products on the basis of standard machine-hours. production are shown below:...
rporation applies manufacturing overhead to products on the basis of standard machine-hours. production are shown below: BudgetActual 778 3,900 720 Units produced Machine-hours 3,600 Variable MOH S 38,160 S39,800 or the month, the variable overhead efficiancy variance was closest to: 1,540 Favorable B. C. D. 3,180 Unfavorable 106 Unfavorable 102 Unfavorable E. None of the above. 20 Skie Inc produces a single product and uses a standard costing system applying manufacturing overhead based or allowed for actual output. At the...
Acheson Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following...
Acheson Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following data for its most recent year of operations Estimated manufacturing overhead $ 157,050 Estimated machine-hours 4.500 Actual manufacturing overhead $ 156,000 Actual machine-hours 4,580 The estimates of the manufacturing overhead and of machine hours were made at the beginning of the you for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was Multiple Choice $2.782...
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data...
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated machine-hours Actual manufacturing overhead Actual machine-hours $ 158,050 4,700 $ 158,000 4,980 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year Multiple Choice $31.73 $33,63 $33.62 $45.52
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data...
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead $ 157,700 Estimated machine-hours 4,630 Actual manufacturing overhead $ 157,300 Actual machine-hours 4,840 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The applied manufacturing overhead for the year is closest to: (Round...
Maxwell Company uses a standard cost accounting system and applies production overhead to products on the...
Maxwell Company uses a standard cost accounting system and applies production overhead to products on the basis of machine hours. The following information is available for the year just ended: Standard variable-overhead rate per hour: $7.50 Standard fixed-overhead rate per hour: $12.60 Planned activity during the period: 21,000 machine hours Actual production: 13,200 finished units Machine-hour standard: Two completed units per machine hour Actual variable overhead: $156,200 Actual total overhead: $437,800 Actual machine hours worked: 22,000 Required: 1. Calculate the...
rporation applies manufacturing overhead to products on the basis of standard machine-hours. production are shown below: BudgetActual 778 3,900 720 Units produced Machine-hours 3,600 Variable MOH S 38,160 S39,800 or the month, the variable overhead efficiancy variance was closest to: 1,540 Favorable B. C. D. 3,180 Unfavorable 106 Unfavorable 102 Unfavorable E. None of the above. 20 Skie Inc produces a single product and uses a standard costing system applying manufacturing overhead based or allowed for actual output. At the...
Acheson Corporation, which applies manufacturing overhead on the basis of machine hours, has provided the following data for its most recent year of operations Estimated manufacturing overhead $ 157,050 Estimated machine-hours 4.500 Actual manufacturing overhead $ 156,000 Actual machine-hours 4,580 The estimates of the manufacturing overhead and of machine hours were made at the beginning of the you for the purpose of computing the company's predetermined overhead rate for the year. The overhead for the year was Multiple Choice $2.782...
Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. Estimated manufacturing overhead Estimated machine-hours Actual manufacturing overhead Actual machine-hours $ 158,050 4,700 $ 158,000 4,980 The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year Multiple Choice $31.73 $33,63 $33.62 $45.52
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