A. What was the cost of variable overhead?
B. What was fixed manufacturing overhead?
Homework Answers
1) Direct material used = 50+140-80 = 110
Cost of variable overhead = Variable cost of production-Direct cost of production = 280-220 = 60
2) Fixed manufacturing overhead = Indirect cost of production-variable overhead = 180-60 = 120
Add Answer to:
A. What was the cost of variable overhead?
B. What was fixed manufacturing overhead?
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Question 5 (1 point) XYZ Manufacturing uses a standard cost system with overhead applied based on direct-labor hours. The manufacturing budget for the production of 5,000 units for the month of June included 10,000 hours of direct labor at $20 per hour, or $200,000. During June, 4,500 units were produced, using 9,600 direct-labor hours, incurring $43,400 of variable overhead, and showing a variable overhead efficiency variance of $3,600 unfavorable. The standard variable overhead rate per direct-labor hour was...
12. If we assume that there is no fixed manufacturing overhead
and the variable manufacturing overhead is $9 per direct
labor-hour, what is the estimated finished goods inventory balance
at the end of July?
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and the variable manufacturing overhead is $9 per direct
labor-hour, what is the estimated cost of goods sold and gross
margin for July?
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expense for July?...
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