Homework Answers
ANSWER:
| Budgeted variable overheads (3800 x $2) | $7600 |
| Budgeted fixed overheads | $48000 |
| Budgeted total overheads | $55600 |
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Hockey Pro budgets production of 3,800 hockey pucks during May. The company assigns variable overhead at...
Hockey Pro budgets production of 4,300 hockey pucks during May. The company assigns variable overhead at...
Hockey Pro budgets production of 4,300 hockey pucks during May. The company assigns variable overhead at the rate of $2.00 per unit. Fixed overhead equals $41,000 per month Prepare a factory overhead budget for May. HOCKEY PRO Factory Overhead Budget For Month Ended May 31 Budgeted total overhead
Addison Co. budgets production of 2,850 units during the second quartel. UUTUU Direct labor Variable overhead Fixe...
Addison Co. budgets production of 2,850 units during the second quartel. UUTUU Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $640,000 per quarter. 0.5 points 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Prepare...
Amir Corporation manufactured 110,000 hockey pucks during January. The variable overhead cost-allocation base is $5...
Amir Corporation manufactured 110,000 hockey pucks during January. The variable overhead cost-allocation base is $5.45 per machine-hour. The following variable overhead data pertain to January Production Machine - hours Variable overhead cost per machine - hour What is the flexible - budget amount? Actual 110,000 units 9,700 hours $5.50 Budgeted 110,000 units 9,000 hours $5.45 O A. $53,350 O B. $52,865 OC. $49,500 OD. $49,050
Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that...
Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of units expected to be produced are 185,000 in October, 193,500 in November, and 190,000 in December. Glaston assigns variable overhead at a rate of $0.75 per unit of production. Fixed overhead equals $142,000 per month. Compute the total budgeted overhead that would appear on the factory overhead budget for month of October.
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of 2,850 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $640,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Complete this question by entering...
Addison Co. budgets production of 2,400 units during the second quarter. Other information is as follows:...
Addison Co. budgets production of 2,400 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours, at a cost of $20 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $450,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare...
Check my work 2 Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1...
Check my work 2 Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 10 points MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $15 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $14,000 per month. The company's policy is to end each month with...
The company plans for finished goods inventory of 220 units at the end of June. In...
The company plans for finished goods inventory of 220 units at
the end of June. In addition, each finished unit requires 5 pounds
of direct materials and the company wants to end each month with
direct materials inventory equal to 20% of next month’s production
needs. Beginning direct materials inventory for April was 540
pounds. Direct materials cost $2 per pound. Each finished unit
requires 0.60 hours of direct labor at the rate of $12 per hour.
The company budgets...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co budgets production of...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co budgets production of 2.770 units during the second quarter. Other information is as follows: cost of $9 per hour. Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours at Applied at the rate of $11 per direct labor hour. Budgeted at $560,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your...
*Problem 4-47A Jessica Company manufactures hockey pucks and soccer balls. For both products, materials are added...
*Problem 4-47A
Jessica Company manufactures hockey pucks and soccer balls. For
both products, materials are added at the beginning of the
production process and conversion costs are incurred evenly.
Jessica uses the FIFO method to calculate equivalent units.
Production and cost data for the month of August are as
follows:
Production Data—Hockey pucks
Units
Percent Complete
Work in process units, August 1
400
70%
Units started into production
1,550
Work in process units, August 31
580
30%
Cost Data—Hockey pucks...
Hockey Pro budgets production of 4,300 hockey pucks during May. The company assigns variable overhead at the rate of $2.00 per unit. Fixed overhead equals $41,000 per month Prepare a factory overhead budget for May. HOCKEY PRO Factory Overhead Budget For Month Ended May 31 Budgeted total overhead
Addison Co. budgets production of 2,850 units during the second quartel. UUTUU Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $640,000 per quarter. 0.5 points 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Prepare...
Amir Corporation manufactured 110,000 hockey pucks during January. The variable overhead cost-allocation base is $5.45 per machine-hour. The following variable overhead data pertain to January Production Machine - hours Variable overhead cost per machine - hour What is the flexible - budget amount? Actual 110,000 units 9,700 hours $5.50 Budgeted 110,000 units 9,000 hours $5.45 O A. $53,350 O B. $52,865 OC. $49,500 OD. $49,050
Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of units expected to be produced are 185,000 in October, 193,500 in November, and 190,000 in December. Glaston assigns variable overhead at a rate of $0.75 per unit of production. Fixed overhead equals $142,000 per month. Compute the total budgeted overhead that would appear on the factory overhead budget for month of October.
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co. budgets production of 2,850 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 6 direct labor hours, at a cost of $9 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $640,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Complete this question by entering...
Addison Co. budgets production of 2,400 units during the second quarter. Other information is as follows: Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours, at a cost of $20 per hour. Applied at the rate of $11 per direct labor hour. Budgeted at $450,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare...
Check my work 2 Exercise 20-15 Manufacturing: Direct materials, direct labor, and overhead budgets LO P1 10 points MCO Leather manufactures leather purses. Each purse requires 3 pounds of direct materials at a cost of $4 per pound and 0.7 direct labor hours at a rate of $15 per hour. Variable manufacturing overhead is charged at a rate of $2 per direct labor hour. Fixed manufacturing overhead is $14,000 per month. The company's policy is to end each month with...
The company plans for finished goods inventory of 220 units at
the end of June. In addition, each finished unit requires 5 pounds
of direct materials and the company wants to end each month with
direct materials inventory equal to 20% of next month’s production
needs. Beginning direct materials inventory for April was 540
pounds. Direct materials cost $2 per pound. Each finished unit
requires 0.60 hours of direct labor at the rate of $12 per hour.
The company budgets...
Exercise 07-7 Manufacturing: Direct labor and factory overhead budgets LO P1 Addison Co budgets production of 2.770 units during the second quarter. Other information is as follows: cost of $9 per hour. Direct labor Variable overhead Fixed overhead Each finished unit requires 4 direct labor hours at Applied at the rate of $11 per direct labor hour. Budgeted at $560,000 per quarter. 1. Prepare a direct labor budget. 2. Prepare a factory overhead budget Complete this question by entering your...
*Problem 4-47A
Jessica Company manufactures hockey pucks and soccer balls. For
both products, materials are added at the beginning of the
production process and conversion costs are incurred evenly.
Jessica uses the FIFO method to calculate equivalent units.
Production and cost data for the month of August are as
follows:
Production Data—Hockey pucks
Units
Percent Complete
Work in process units, August 1
400
70%
Units started into production
1,550
Work in process units, August 31
580
30%
Cost Data—Hockey pucks...
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