Ronda Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead....
Ronda Manufacturing Corporation uses a standard cost system with machine-hours as the activity base for overhead. Last year, Ronda incurred $840,000 of fixed manufacturing overhead and generated a $42,000 favorable fixed manufacturing overhead budget variance. The following data relate to last year’s operations:
| Denominator activity level in machine-hours | 21,000 |
| Standard machine-hours allowed for actual output | 20,000 |
| Actual number of machine-hours incurred | 22,050 |
What amount of total fixed manufacturing overhead cost did Ronda apply to production last year?
Multiple Choice:
A) $837,900
B) $840,000
C) $926,100
D) $972,405
Homework Answers
Correct answer will b C) $926100
Working for your easy understanding
| Total Budgeted Manufacturing Overhead= Actual Overhead + FMOH Variance |
| =840000+42000=882000 |
| Activity Level in Machine Hour= 21000 |
| Budgete MOH per Hour= 882000/21000=$42 |
| Actual No. of Machine Hour Incurred= 22050 |
| Total Applied Manufactuing Overhead= Actual Machine Hour X Budgeted MOH per Hour |
| =22050 Machine Hour X $42= $926100 |
Add Answer to:
Ronda Manufacturing Corporation uses a standard cost system with
machine-hours as the activity base for overhead....
Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products...
Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $9.10 per MH. The company had budgeted its fixed manufacturing overhead cost at $70,000 for the month. During the month, the actual total variable manufacturing overhead was $66,720 and the actual total fixed manufacturing overhead was $72,00O. The actual level of activity for the period was 6,500 MHs. What was the total of the variable overhead...
Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,700...
Wangerin Corporation applies overhead to products based on machine-hours. The denominator level of activity is 7,700 machine-hours. The budgeted fixed manufacturing overhead costs are $274,890. In April, the actual fixed manufacturing overhead costs were $280,280 and the standard machine-hours allowed for the actual output were 8,000 machine-hours. Required: a. Compute the budget variance for April. b. Compute the volume variance for April. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs 1,030 1,090 1,850 $7,600 $7, 400 %24 Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $4 fixed) Is the fixed overhead price (spending) variance for April favorable or unfavorable? Multiple Choice Unfavorable Favorable < Prev 23 of 34 Next >
Mendelssohn Manufacturing, Inc. uses a standard costing system with applied based on machine-hours (MHs). According to...
Mendelssohn Manufacturing, Inc. uses a standard costing system with applied based on machine-hours (MHs). According to their standards, cach requires 2 MHs. For the most recent period: Budgeted Units 1,600 units Actual Units 1,586 units Actual MHs 3,400 MHS & system with fixed manufacturing overhead (FMOH) cards, cach unit of their most popular product $ FMOH Budget Actual 44,800 $ 45,200 The FMOH volume variance for the period was closest to: $392.00 Unfavorable $400.00 Unfavorable $3,004.24 Unfavorable $2,800.00 Favorable None...
Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed...
Actual machine hours 1,160 Standard machine hours allowed 1,310 Denominator activity (machine hours) 1,450 Actual fixed overhead costs $ 16,560 Budgeted fixed overhead costs $ 17,400 Predetermined overhead rate ($2 variable + $12 fixed) $ 14 What is the fixed overhead spending (price) variance? A. $840 favorable. B. $580 favorable. C. $280 favorable. D. $300 favorable.
Norwall Company’s budgeted variable manufacturing overhead cost is $1.30 per machine-hour and its budgeted fixed manufacturing...
Norwall Company’s budgeted variable manufacturing overhead cost
is $1.30 per machine-hour and its budgeted fixed manufacturing
overhead is $30,624 per month.
The following information is available for a recent month:
The denominator activity of 9,570 machine-hours is used to
compute the predetermined overhead rate.
At a denominator activity of 9,570 machine-hours, the company
should produce 3,300 units of product.
The company’s actual operating results were:
Number of units produced
4,570
Actual machine-hours
10,090
Actual variable manufacturing overhead cost
$
14,630...
Primara Corporation has a standard cost system in which it applies overhead to products based on...
Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output $ 473,600 $ 467,000 64,000 65,000 62,000 Required: 1. Compute the...
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...
A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity...
A furniture manufacturer uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: Denominator level of activity 3,300 MHs Overhead costs at the denominator activity level: Variable overhead cost $ 37,200 Fixed overhead cost $ 38,370 The following data pertain to operations for the most recent period: Actual hours 3,200 MHs Standard hours allowed for the actual output 3,340 MHs Actual total variable...
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual...
Lossing 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 $ $ 7,800 10,720 7,990 10,070 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,610 14,900 59,970 $109,000 14,490 14,950 61,040 $108,540 The company based its original budget on 7,800 machine-hours. The company actually worked 7,760 machine-hours during the month. The standard hours...
Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) at $9.10 per MH. The company had budgeted its fixed manufacturing overhead cost at $70,000 for the month. During the month, the actual total variable manufacturing overhead was $66,720 and the actual total fixed manufacturing overhead was $72,00O. The actual level of activity for the period was 6,500 MHs. What was the total of the variable overhead...
The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs 1,030 1,090 1,850 $7,600 $7, 400 %24 Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $4 fixed) Is the fixed overhead price (spending) variance for April favorable or unfavorable? Multiple Choice Unfavorable Favorable < Prev 23 of 34 Next >
Mendelssohn Manufacturing, Inc. uses a standard costing system with applied based on machine-hours (MHs). According to their standards, cach requires 2 MHs. For the most recent period: Budgeted Units 1,600 units Actual Units 1,586 units Actual MHs 3,400 MHS & system with fixed manufacturing overhead (FMOH) cards, cach unit of their most popular product $ FMOH Budget Actual 44,800 $ 45,200 The FMOH volume variance for the period was closest to: $392.00 Unfavorable $400.00 Unfavorable $3,004.24 Unfavorable $2,800.00 Favorable None...
Norwall Company’s budgeted variable manufacturing overhead cost
is $1.30 per machine-hour and its budgeted fixed manufacturing
overhead is $30,624 per month.
The following information is available for a recent month:
The denominator activity of 9,570 machine-hours is used to
compute the predetermined overhead rate.
At a denominator activity of 9,570 machine-hours, the company
should produce 3,300 units of product.
The company’s actual operating results were:
Number of units produced
4,570
Actual machine-hours
10,090
Actual variable manufacturing overhead cost
$
14,630...
Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours (denominator level of activity) Actual direct labor-hours Standard direct labor-hours allowed for the actual output $ 473,600 $ 467,000 64,000 65,000 62,000 Required: 1. Compute 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...
Lossing 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 $ $ 7,800 10,720 7,990 10,070 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,610 14,900 59,970 $109,000 14,490 14,950 61,040 $108,540 The company based its original budget on 7,800 machine-hours. The company actually worked 7,760 machine-hours during the month. The standard hours...
Most questions answered within 3 hours.
-
The price of 1 lb of potatoes is $1.75. If all the potatoes sold
today at...
asked 49 minutes ago -
Garcia Company issues 20.00%, 15-year bonds with a par value of
$470,000 and semiannual interest payments....
asked 47 minutes ago -
In C++ Programming, Try using loops only.
This lab demonstrates the use of the While Loop...
asked 1 hour ago -
Effect of DCMU and sodium azide on Chlamydomonas? We did an
experiment where we had Chlamydomonas...
asked 2 hours ago -
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 3 hours ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 4 hours ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 5 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 5 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 6 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 6 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 7 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 8 hours ago