Homework Answers
| Variable | Fixed | |
| Predetermined Overhead Rate ($330,000/110,000 hours); ($660,000/110,000 hours) | $3 | $6 |
| Total predetermined overhead rate ($3 + $6) (a) | $9 | |
| Total direct labor hours worked (b) | 92,800 | |
| Overheads Applied (a*b) | $835,200 | |
| Standard overheads ($9 * 92,800 units) | $835,200 | |
| Actual overhead costs ($192,150 + $718,600) | $910,750 | |
| Total overhead variance ($910,750 - $835,200) (Unfavorable) | $75,550 |
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Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard...
Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard...
Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $500,000 comprised of $200,000 of variable costs and $300,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd...
Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard...
Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $850,000 comprised of $300,000 of variable costs and $550,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd...
Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard...
Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $850,000 comprised of $300,000 of variable costs and $550,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd...
Exercise 24-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost...
Exercise 24-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 120,000 units per year. The total budgeted overhead at normal capacity is $840,000 comprised of $360,000 of variable costs and $480,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced...
Exercise 24-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost...
Exercise 24-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter $525,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. 105,000 units per year. The total budgeted overhead at normal capacity is $945,000 comprised of $420,000 of variable costs and During the current year, Byrd produced 80,100...
Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and...
Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 120,000 units per year. The total budgeted overhead at normal capacity is $720,000 comprised of $240,000 of variable costs and $480,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 77,100 putters,...
Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and...
Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 145,000 units per year. The total budgeted overhead at normal capacity is $942,500 comprised of $290,000 of variable costs and $652,500 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 81,600 putters,...
Exercise 23-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and deter...
Exercise 23-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 115,000 units per year. The total budgeted overhead at normal capacity is $747,500 comprised of $230,000 of variable costs and $517,500 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced...
Exercise 23-12 (Part Level Submission Byrd Company produces one product, a putter called GO-Putter. Byrd uses...
Exercise 23-12 (Part Level Submission Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $850,000 comprised of $250,000 of variable costs and $600,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current...
Exercise 23-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost...
Exercise 23-12
Byrd Company produces one product, a putter called GO-Putter.
Byrd uses a standard cost system and determines that it should take
one hour of direct labor to produce one GO-Putter. The normal
production capacity for this putter is 100,000 units per year. The
total budgeted overhead at normal capacity is $850,000 comprised of
$300,000 of variable costs and $550,000 of fixed costs. Byrd
applies overhead on the basis of direct labor hours.
During the current year, Byrd produced...
Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $500,000 comprised of $200,000 of variable costs and $300,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd...
Exercise 11-12 (Video) Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $850,000 comprised of $300,000 of variable costs and $550,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd...
Exercise 24-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 120,000 units per year. The total budgeted overhead at normal capacity is $840,000 comprised of $360,000 of variable costs and $480,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced...
Exercise 24-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter $525,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. 105,000 units per year. The total budgeted overhead at normal capacity is $945,000 comprised of $420,000 of variable costs and During the current year, Byrd produced 80,100...
Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 145,000 units per year. The total budgeted overhead at normal capacity is $942,500 comprised of $290,000 of variable costs and $652,500 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced 81,600 putters,...
Exercise 23-12 Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 115,000 units per year. The total budgeted overhead at normal capacity is $747,500 comprised of $230,000 of variable costs and $517,500 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current year, Byrd produced...
Exercise 23-12 (Part Level Submission Byrd Company produces one product, a putter called GO-Putter. Byrd uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. The normal production capacity for this putter is 100,000 units per year. The total budgeted overhead at normal capacity is $850,000 comprised of $250,000 of variable costs and $600,000 of fixed costs. Byrd applies overhead on the basis of direct labor hours. During the current...
Exercise 23-12
Byrd Company produces one product, a putter called GO-Putter.
Byrd uses a standard cost system and determines that it should take
one hour of direct labor to produce one GO-Putter. The normal
production capacity for this putter is 100,000 units per year. The
total budgeted overhead at normal capacity is $850,000 comprised of
$300,000 of variable costs and $550,000 of fixed costs. Byrd
applies overhead on the basis of direct labor hours.
During the current year, Byrd produced...
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