Homework Answers
| Part-a :Flexible Budget | |||||
| Particular |
Per Hour Cost ( Actual Cost/ 20000) |
Amount | Amount | Amount | Amount |
| Labour Hour | 18000 | 20000 | 22000 | 24000 | |
| Variable cost | |||||
| Indirect Labour | $0.32 | $5,670.00 | $6,300.00 | $6,930.00 | $7,560.00 |
| Indirect Material | $0.19 | $3,420.00 | $3,800.00 | $4,180.00 | $4,560.00 |
| Repairs | $0.14 | $2,430.00 | $2,700.00 | $2,970.00 | $3,240.00 |
| Lubricants | $0.04 | $747.00 | $830.00 | $913.00 | $996.00 |
| Utilities | $0.10 | $1,710.00 | $1,900.00 | $2,090.00 | $2,280.00 |
| Total Variable Cost | $13,977.00 | $15,530.00 | $17,083.00 | $18,636.00 | |
| Fixed Cost | |||||
| Supervision | $6,250.00 | $6,250.00 | $6,250.00 | $6,250.00 | |
| Depreciation | $2,500.00 | $2,500.00 | $2,500.00 | $2,500.00 | |
| Insurance | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | |
| Rent | $850.00 | $850.00 | $850.00 | $850.00 | |
| Property Tax | $500.00 | $500.00 | $500.00 | $500.00 | |
| Total Fixed Cost | $11,100.00 | $11,100.00 | $11,100.00 | $11,100.00 | |
| Totaal Cost | $25,077.00 | $26,630.00 | $28,183.00 | $29,736.00 | |
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LILLE UUCU LUC Salut IULULL cost per day supporting budgets by quarters. (Note: Use...
Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2017,...
Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Variable Overhead Costs Fixed Overhead Costs Supervision $94,440 Indirect labor $174,570 Depreciation 73,320 Indirect materials 75,900 25,560 Repairs Insurance 53,130 Rent 21,120 Utilities 94,875 Property taxes 20,880 Lubricants 37,950 $436,425 $235,320 It is estimated that direct labor hours worked each month will range from 24,900 to...
Bumblebee Company estimates that 366,700 direct labor hours will be worked during the coming year, 2017,...
Bumblebee Company estimates that 366,700 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $90,000 75,240 31,320 27,000 13,200 $236,760 Variable Overhead Costs Indirect labor $168,682 Indirect materials 102,676 Repairs 73,340 Utilities 55,005 Lubricants 18,335 $418,038 It is estimated that direct labor hours worked each month will range from 29,200 to...
Problem 22-1A Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming...
Problem 22-1A Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs $85,680 Indirect labor $128,920 Supervision Indirect materials 83,798 Depreciation 74,280 Insurance 24,600 Repairs 45,122 Utilities Rent 18,120 48,345 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct labor hours worked each month will range from...
Problem 22-1A Bumblebee Company estimates that 402,100 direct labor hours will be worked during the coming...
Problem 22-1A
Bumblebee Company estimates that 402,100 direct labor hours will be
worked during the coming year, 2017, in the Packaging Department.
On this basis, the budgeted manufacturing overhead cost data are
computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$91,800
Indirect labor
$184,966
Depreciation
69,960
Indirect materials
104,546
Insurance
32,040
Repairs
64,336
Rent
22,560
Utilities
60,315
Property taxes
22,680
Lubricants
40,210
$239,040
$454,373
It is estimated that direct labor hours worked each month will
range from...
upe WZ Company estimates that 240,000 direct labor hours will be worked during 2018 in the...
upe WZ Company estimates that 240,000 direct labor hours will be worked during 2018 in the Painting Department. Based on this estimate, the following budget was developed for manufacturing overhead costs. Variable Overhead Costs Indirect labor $72,000 Indirect materials 48,000 Repairs 36,000 Utilities 26,400 Lubricants 9,600 $192,000 Fixed Overhead Costs Supervision $75,000 Depreciation 30,000 Insurance 12,000 Rent 9,000 Property taxes 6,000 $132,000 It is estimated that direct labor hours worked each month will range from 16,000 to 24,000 hours. During...
Problem 22-1A Bumblebee Company estimates that 300,000 direct labor hours will be worked during the coming...
Problem 22-1A
Bumblebee Company estimates that 300,000 direct labor hours will
be worked during the coming year, 2017, in the Packaging
Department. On this basis, the budgeted manufacturing overhead cost
data are computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$84,000
Indirect labor
$120,000
Depreciation
66,000
Indirect materials
60,000
Insurance
24,000
Repairs
30,000
Rent
18,000
Utilities
45,000
Property taxes
12,000
Lubricants
15,000
$204,000
$270,000
It is estimated that direct labor hours worked each month will
range from...
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 direct labor...
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs $85,680 $128,920 Supervision Indirect labor 74,280 Depreciation Indirect materials 83,798 24,600 Repairs Insurance 45,122 48,345 Utilities Rent 18,120 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct...
Project 2: Flexible Budget and Budget Report (10 points) Upload your file to Moodle by the...
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Johnson Company estimates that 378,500 direct labor hours will be worked during the coming year, 2020,...
Johnson Company estimates that 378,500 direct labor hours will be worked during the coming year, 2020, in the the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs _______________________________ Supervision $87,840 Depreciation $68,760 Insurance $30,000 Rent $24,360 Property Taxes $18,480 Total: $229,440 Variable Overhead Costs __________________________________ Indirect labor $166,540 Indirect materials $83,270 Repairs $37,850 Utilities $75,700 Lubricants $30,280 Total: $393,640 It is estimated that direct labor hours worked each...
Sheffield Company estimates that 337,700 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.
Sheffield Company estimates that 337,700 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.Fixed Overhead CostsVariable Overhead CostsSupervision$88,200Indirect labor$155,342Depreciation72,000Indirect materials74,294Insurance29,760Repairs67,540Rent24,360Utilities67,540Property taxes13,080Lubricants16,885$227,400$381,601It is estimated that direct labor hours worked each month will range from 21,500 to 29,600 hours.During October, 21,500 direct labor hours were worked and the following overhead costs were incurred.Fixed overhead costs: Supervision $7,350, Depreciation $6,000, Insurance $2,450, Rent $2,030, and Property taxes $1,090.Variable overhead costs: Indirect...
Bumblebee Company estimates that 379,500 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Variable Overhead Costs Fixed Overhead Costs Supervision $94,440 Indirect labor $174,570 Depreciation 73,320 Indirect materials 75,900 25,560 Repairs Insurance 53,130 Rent 21,120 Utilities 94,875 Property taxes 20,880 Lubricants 37,950 $436,425 $235,320 It is estimated that direct labor hours worked each month will range from 24,900 to...
Bumblebee Company estimates that 366,700 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $90,000 75,240 31,320 27,000 13,200 $236,760 Variable Overhead Costs Indirect labor $168,682 Indirect materials 102,676 Repairs 73,340 Utilities 55,005 Lubricants 18,335 $418,038 It is estimated that direct labor hours worked each month will range from 29,200 to...
Problem 22-1A Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs $85,680 Indirect labor $128,920 Supervision Indirect materials 83,798 Depreciation 74,280 Insurance 24,600 Repairs 45,122 Utilities Rent 18,120 48,345 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct labor hours worked each month will range from...
Problem 22-1A
Bumblebee Company estimates that 402,100 direct labor hours will be
worked during the coming year, 2017, in the Packaging Department.
On this basis, the budgeted manufacturing overhead cost data are
computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$91,800
Indirect labor
$184,966
Depreciation
69,960
Indirect materials
104,546
Insurance
32,040
Repairs
64,336
Rent
22,560
Utilities
60,315
Property taxes
22,680
Lubricants
40,210
$239,040
$454,373
It is estimated that direct labor hours worked each month will
range from...
upe WZ Company estimates that 240,000 direct labor hours will be worked during 2018 in the Painting Department. Based on this estimate, the following budget was developed for manufacturing overhead costs. Variable Overhead Costs Indirect labor $72,000 Indirect materials 48,000 Repairs 36,000 Utilities 26,400 Lubricants 9,600 $192,000 Fixed Overhead Costs Supervision $75,000 Depreciation 30,000 Insurance 12,000 Rent 9,000 Property taxes 6,000 $132,000 It is estimated that direct labor hours worked each month will range from 16,000 to 24,000 hours. During...
Problem 22-1A
Bumblebee Company estimates that 300,000 direct labor hours will
be worked during the coming year, 2017, in the Packaging
Department. On this basis, the budgeted manufacturing overhead cost
data are computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$84,000
Indirect labor
$120,000
Depreciation
66,000
Indirect materials
60,000
Insurance
24,000
Repairs
30,000
Rent
18,000
Utilities
45,000
Property taxes
12,000
Lubricants
15,000
$204,000
$270,000
It is estimated that direct labor hours worked each month will
range from...
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs $85,680 $128,920 Supervision Indirect labor 74,280 Depreciation Indirect materials 83,798 24,600 Repairs Insurance 45,122 48,345 Utilities Rent 18,120 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct...
Project 2: Flexible Budget and Budget Report (10 points) Upload your file to Moodle by the deadline specified. Do NOT email your filel XYZ Company estimates that 240 000 direct labor hours will be worked during 2018 in the Painting Department. Based on this estimate the following budget was developed for manufacturing overhead costs. Variable Overhead Costs Indirect labor $72,000 Indirect materials 48.000 Repairs 36,000 Utilities 26,400 Lubricants 9,600 $ 192,000 Fixed Overhead Costs Supervision $75,000 Depreciation 30,000 Insurance 12,000...
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