Problem C5-45 continue or not? How to separate fixed from variable overhead cost
Problem C5-45 continue or not? How to separate fixed from variable overhead cost
Homework Answers
In variable overhead cost, there is no fixed cost. Variable cost is directly related to units produced or units sold.
In mixed overhead cost, there is both fixed cost and variable cost which can be calculated through high low method.
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Problem C5-45 continue or not? How to separate fixed from
variable overhead cost
how to solve？ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense...
how to solve？
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense A-ount per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold?...
Fixed Factory and Variable Factory Overhead Cost : A. True or False / Fixed factory overhead changes...
Fixed Factory and Variable Factory Overhead Cost : A. True or False / Fixed factory overhead changes in total over the relevant range, based on production. B.True or False / Fixed factory overhead per unit does not change over the relevant range. C. True or False / Variable factory overhead does change in total over the relevant range. D. True or False / Activity based costing is used to allocate overhead cost pools based on single basis such as direct labor hours or machine...
1. Variable overhead spending? 2. Variable overhead efficiency variance? 3. Total variable overhead variance? 4. Fixed...
1. Variable overhead spending?
2. Variable overhead efficiency variance?
3. Total variable overhead variance?
4. Fixed overhead spending variance?
5. Fixed overhead volume variance?
6. Total fixed overhead variance?
Montreal Inc. manufactures garden hoses for large stores. The standard costs for a dozen garden hoses are as follows: Direct materials Direct labour 24 m x $2 per metre = $48.00 3.40 hours x $12 per hour = $40.80 During February, Montreal Inc. worked on three separate orders of garden hoses....
how to solve 5678？ Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling...
how to solve 5678？
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense A-ount per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and...
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost per unit Mohave has...
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost per unit Mohave has determined that all variable costs could be eliminated by outsourcing the tote bags, while 75 percent of the fixed overhead cost is unavoidable. At this time, Mohave has no specific use in mind for the space currently dedicated to producing the tote bags Required: 1. Compute the difference in cost between making and buying the umbrella tote bag. 2. Based strictly on the incremental...
I thought that I am to subtract the fixed manufacturing overhead reduction cost of 50900 from...
I thought that I am to subtract the fixed manufacturing overhead
reduction cost of 50900 from the 513000 (462100) for the overhead.
The answer keeps saying I am wrong. How do I come up with the
correct #?
Make or Buy Decision: Zee-Drive Ltd. is a computer manufacturer. One of the items they make is monitors. Zee-Drive has the opportunity to purchase 19,000 monitors from an outside supplier for $217 per unit. One of the company's cost-accounting interns prepared the...
Prevlar’s budget for variable overhead and fixed overhead revealed the following information for an anticipated 41,000...
Prevlar’s budget for variable overhead and fixed overhead
revealed the following information for an anticipated 41,000 hours
of activity: variable overhead, $397,700; fixed overhead,
$625,000.
The company actually worked 44,000 hours and actual overhead
incurred was: variable, $406,500; fixed, $628,000.
Required:
Compute the company's total cost variance for variable overhead
and fixed overhead if the firm uses a static budget to help assess
performance.
Compute the company's total cost variance for variable overhead
and fixed overhead if the firm uses...
Identify the true statement about variable costing. a. It treats fixed manufacturing overhead as a period...
Identify the true statement about variable costing. a. It treats fixed manufacturing overhead as a period cost. b. It is the most acceptable product-costing method for external reporting, c. It assigns all manufacturing costs to the product. Od. It treats fixed selling overhead as a product cost. blem #3 of 12 The following data relates to Alpha Company. Units in beginning inventory Units produced 24,000 Units sold ($250 per unit) 20,000 Variable costs per unit: Direct materials Direct labor Variable...
Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance...
Prepare an analysis of all variable manufacturing overhead and fixed manufacturing overhead variances, using the 4-variance analysis. 2. Prepare journal entries using the 4-variance analysis. 3. Describe how individual fixed manufacturing overhead items are controlled from day to day. 4. Discuss possible causes of the fixed manufacturing overhead variances. The MartinezMartinez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4,500 output units per...
Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost...
Business Costs Product or Period Cost Variable or Fixed Cost Per Unit Cost (Variable) Annual Cost (Fixed) Artist - contract Product Fixed $10,000 Artist - design fee Product Fixed $3,600 Computer/Printer 90% Product Fixed $5,400 Computer/Printer 10% Period Fixed $600 Depreciation - Computer/Printer 90% Product Fixed $1,800 Depreciation - Computer/Printer 10% Period Fixed $200 Depreciation - Heat Press Machine Product Fixed $1,500 Heat Press Machine Product Fixed $4,500 Liability Insurance Period Fixed $3,600 Mall Rent (Manufacutring) 90% Product Fixed $27,000...
how to solve？
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense A-ount per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and sold?...
1. Variable overhead spending?
2. Variable overhead efficiency variance?
3. Total variable overhead variance?
4. Fixed overhead spending variance?
5. Fixed overhead volume variance?
6. Total fixed overhead variance?
Montreal Inc. manufactures garden hoses for large stores. The standard costs for a dozen garden hoses are as follows: Direct materials Direct labour 24 m x $2 per metre = $48.00 3.40 hours x $12 per hour = $40.80 During February, Montreal Inc. worked on three separate orders of garden hoses....
how to solve 5678？
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense A-ount per Unit $ 7.00 $ 4.00 $ 1.50 $ 5.00 $ 3.50 $ 2.50 $ 1.00 $ 0.50 Required: 1. If 18,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 22,000 units are produced and sold, what is the variable cost per unit produced and...
Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total cost per unit Mohave has determined that all variable costs could be eliminated by outsourcing the tote bags, while 75 percent of the fixed overhead cost is unavoidable. At this time, Mohave has no specific use in mind for the space currently dedicated to producing the tote bags Required: 1. Compute the difference in cost between making and buying the umbrella tote bag. 2. Based strictly on the incremental...
I thought that I am to subtract the fixed manufacturing overhead
reduction cost of 50900 from the 513000 (462100) for the overhead.
The answer keeps saying I am wrong. How do I come up with the
correct #?
Make or Buy Decision: Zee-Drive Ltd. is a computer manufacturer. One of the items they make is monitors. Zee-Drive has the opportunity to purchase 19,000 monitors from an outside supplier for $217 per unit. One of the company's cost-accounting interns prepared the...
Prevlar’s budget for variable overhead and fixed overhead
revealed the following information for an anticipated 41,000 hours
of activity: variable overhead, $397,700; fixed overhead,
$625,000.
The company actually worked 44,000 hours and actual overhead
incurred was: variable, $406,500; fixed, $628,000.
Required:
Compute the company's total cost variance for variable overhead
and fixed overhead if the firm uses a static budget to help assess
performance.
Compute the company's total cost variance for variable overhead
and fixed overhead if the firm uses...
Identify the true statement about variable costing. a. It treats fixed manufacturing overhead as a period cost. b. It is the most acceptable product-costing method for external reporting, c. It assigns all manufacturing costs to the product. Od. It treats fixed selling overhead as a product cost. blem #3 of 12 The following data relates to Alpha Company. Units in beginning inventory Units produced 24,000 Units sold ($250 per unit) 20,000 Variable costs per unit: Direct materials Direct labor Variable...
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