Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller...

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Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller...

Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate graphs based on direct labor hours are used for each department. The graphs show the following.

1.		At zero direct labor hours, the total budgeted cost line and the fixed cost line intersect the vertical axis at $49,000 in the Fabricating Department and $41,000 in the Assembling Department.
2.		At normal capacity of 47,800 direct labor hours, the line drawn from the total budgeted cost line intersects the vertical axis at $130,260 in the Fabricating Department, and $136,600 in the Assembling Department.


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State the total budgeted cost formula for each department. (Round cost per direct labor hour to 2 decimal places, e.g. 1.25.)

Fabricating Department

=

$

Entry field with incorrect answer

total

Entry field with correct answer Fixed CostsVariable Costs

+

Entry field with correct answer Fixed CostsVariable Costs

of $

Entry field with incorrect answer

per direct labor hour

Assembling Department

=

$

Entry field with incorrect answer

total

Entry field with correct answer Fixed CostsVariable Costs

+

Entry field with correct answer Fixed CostsVariable Costs

of $

Entry field with incorrect answer

per direct labor hour

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Compute the total budgeted cost for each department, assuming actual direct labor hours worked were 50,800 and 44,800, in the Fabricating and Assembling Departments, respectively.

		Fabricating Department		Assembling Department
The total budgeted cost		$		$

business accounting

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Answer 1

Answer #1

Aug 0 fabricating Department = $49.000 fixed (ost + Variable cost of 41.7 pon sireet lavor We. Assembly Department & $ 41,000 If you have any query ask in comment section. If you like the answer plz rate. Thanks

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Answer 2

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Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller...

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