Particulars | Working | |
Standard Hours allowed for the years production | =11800*0.7 | 8260 hrs |
Absorbed Fixed Overhead | =8260*5 | 41300$ |
Budgeted Fixed Overhead Voume Variance | =Absorbed Fixed Overhead- Budgeted Fixed Overhead | |
=8260*5-(X*5) | 3300 (F) | |
x= | 7600 hrs | |
Budgeted Fixed Overhead | =7600 hrs*5 | 38000 $ |
Fixed Overhead Expenditure Variance | Budgeted Fixed Overhead - Actual Fixed Overhead | |
= 38000 - 40000 | 2000 (U) | |
Fixed Overhead Total Variance | Absorbed Fixed Overhead - Actual Fixed Overhead | |
= 41300 - 40000 | 1300 (F) | |
Denominator activity level | = 7600/0.7 | 10857 units |
The standard cost card for the single product manufactured Cutter, Inc., is given below: (1) Standard...
The standard cost card for the single product manufactured by Cutter, Inc., is given below or Rate Standard Standard Quantity Price or Hours 3.6 yards $ 3.8 per yard rs 16.00 per hour 8.T hours $ 2.0 per hour 8.7 hours $5.00 per hour Total standard cost per unit Manufacturing overhead is applied to production on the basis of standard direct labor-hours. During the year, the company worked .460 hours and manufactured 11,800 units of product Selected data relating to...
The standard cost card for the single product manufactured by Cutter, Inc., is given below: Inputs Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per unit (1) (2) Standard Standard Quantity Price or Hours or Rate 5.4 yards $ 3.00 per yard 0.8 hours $ 16.00 per hour 0.8 hours $ 3.50 per hour 0.8 hours $ 6.00 per hour Standard Cost (1) x (2) $16.20 12.80 2.80 4.80 $36.60 Manufacturing overhead is applied to production on...
The standard cost card for the single product manufactured by Cutter, Inc., is given below: Inputs Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per unit (1) (2) Standard Standard Quantity Price or Hours or Rate 3.9 yards $ 5.00 per yard 0.8 hours $ 18.00 per hour 0.8 hours $ 2.50 per hour 0.8 hours $ 5.40 per hour Standard Cost (1) x (2) $19.50 14.40 2.00 4.32 $40.22 Manufacturing overhead is applied to production on...
The standard cost card for the single product manufactured by Cutter, Inc., is given below: Inputs Direct materials Direct labor Variable overhead Fixed overhead Total standard cost per unit (1) Standard Quantity or Hours 3.8 yards 0.9 hours 0.9 hours 0.9 hours (2) Standard Price or Rate $ 4.00 per yard $ 17.00 per hour $ 3.00 per hour $ 6.00 per hour Standard Cost (1) X (2) $15.20 15.30 2.70 5.40 $ 38.60 Manufacturing overhead is applied to production...
The standard cost card for the single product manufactured by Cutter, Inc., is given below: (2) Standard (1) Standard Standard Quantity or Hours 3.8 yards Price Cost Inputs Direct materials or Rate (1) x (2) $15.20 4.00 per yard $ 17.00 per hour $3.00 per hour 6.00 per hour Direct labor 0.9 hours 15.30 Variable overhead 0.9 hours 2.70 Fixed overhead 0.9 hours 5.40 $38.60 Total standard cost per unit Manufacturing overhead is applied to production on the basis of...
The standard cost card for the single product manufactured by Cutter, Inc., is given below: Inputs (1) Standard Quantity or Hours (2) Standard Price or Rate Standard Cost (1) × (2) Direct materials 3.6 yards $ 3.00 per yard $ 10.80 Direct labor 0.7 hours $ 16.00 per hour 11.20 Variable overhead 0.7 hours $ 2.00 per hour 1.40 Fixed overhead 0.7 hours $ 5.00 per hour 3.50 Total standard cost per unit $ 26.90 Manufacturing overhead is applied to...
HELP ASAP The standard cost card for the single product manufactured by cutter, Inc, is given below Direct labor, 8 hours at $14 00 per hour Variable overhead, 8 hours at $1.50 per hour Fixed overhead, 8 hours at $4.00 per hour Total standard cost per unit S 8.80 11 20 1.20 3.20 S 2440 Manufacturing overhead is applied to production on the basis of standard direct labor-hours. During the year, the company worked 8,920 hours and manufactured 10,900 units...
Prepare a standard cost card for the company's product. (Round your answer Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is applied on the basis of standard direct labor-hours. The budgeted variable manufacturing overhead is $5.00 per direct labor-hour and the budgeted fixed manufacturing overhead is $2.295.000 per year. The standard quantity of materials is 4 pounds per unit and the standard cost is $10.50 per pound. The standard direct labor-hours per...
Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is applied on the basis of standard direct labor-hours. The budgeted variable manufacturing overhead is $5.80 per direct labor-hour and the budgeted fixed manufacturing overhead is $3,087,000 per year. The standard quantity of materials is 4 pounds per unit and the standard cost is $12.50 per pound. The standard direct labor-hours per unit is 1.5 hours and the standard labor rate is $13.90 per...
Lane Company manufactures a single product that requires a great deal of hand labor. Overhead cost is applied on the basis of standard direct labor-hours. The budgeted variable manufacturing overhead is $5.60 per direct labor-hour and the budgeted fixed manufacturing overhead is $2,880,000 per year. The standard quantity of materials is 4 pounds per unit and the standard cost is $12.00 per pound. The standard direct labor-hours per unit is 1.5 hours and the standard labor rate is $13.80 per...