The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Cost Function Electricity...
The following cost functions were developed for manufacturing overhead costs:
Manufacturing Overhead Cost Cost Function
Electricity $200 + $20 per direct labor hour
Maintenance $400 + $30 per direct labor hour
Supervisors' salaries $20,000 per month
Indirect materials $16 per direct labor hour
If January production is expected to be 2,000 units requiring 3,000 direct labor hours, estimated manufacturing overhead costs would be what?
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![Answer Calculation of Estimated Manufacturing Overhead Costs Electricity ($200+ ($20 x 3,000 DLHS)] $60,200 Maintenance ($400](http://img.homeworklib.com/questions/306c7230-71dd-11ea-aaef-5b518d32bea0.png?x-oss-process=image/resize,w_560)
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The following cost functions were developed for manufacturing
overhead costs:
Manufacturing Overhead Cost Cost Function
Electricity...
14) The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Sost Function...
14) The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Sost Function Electricity $.200+ .20 per direct labor hour Maintenance 5.400 + 5.30 per direct labor hour Supervisors' salaries (Indirect labor) $ 20,000 per month Indirect materials 5.16 per direct labor hour If January production is expected to be 2,000 units requiring 3,000 direct labor hours, estimated manufacturing overhead costs would be: a) $ 20,733. b) $ 198,000. c) S 152,000. d) $ 218,600 Answer: (4...
Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following....
Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following. Units to be produced (by quarters): 10,100, 12, 100, 14,200, 16,700. Direct labor: Time is 1.5 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.80; indirect labor $1.20; and maintenance $0.60. Fixed overhead costs per quarter: supervisory salaries $38,890; depreciation $19,570; and maintenance $13,090. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2...
Goodin Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to...
Goodin Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The Corporation has provided the following estimated costs at the beginning of the year: Direct materials $ 6,000 Direct labor $ 20,000 Rent on factory building $ 15,000 Sales salaries $ 25,000 Depreciation on factory equipment $ 8,000 Indirect materials $ 2,000 Production supervisor's salary $ 15,000 Advertising $ 49,000 Goodin estimates that 20,000 direct labor-hours will be worked during the upcoming year....
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181.240 Estimated direct labor cost was $490,530 for 19,700 hours Actual costs for the most recent month are summarized here Total Cost 49.054 hem Description Direct labor (1,970 hours) Indirect oosts Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory...
Req 2: First, fill in the missing costs. Then, calculate the company's predetermined manufacturing overhead rate,...
Req 2: First, fill in the missing costs. Then, calculate the company's predetermined manufacturing overhead rate, assuming the company uses direct labor hours as its allocation base. Estimated total Type of Cost Selling and Administrative salaries and expenses cost for the year 210,000 Direct Labor (Estimated 40,000 DL hours @ average wage rate of $11 per hour) Indirect plant labor Plant utilities 60,000 70,000 1,500,000 120,000 30,000 Purchases of direct materials Lease and property taxes on the plant 2$ Marketing...
Req 2: First, fill in the missing costs. Then, calculate the company’s predetermined manufacturing overhead rate,...
Req 2: First, fill in the missing costs. Then, calculate the company’s predetermined manufacturing overhead rate, assuming the company uses direct labor hours as its allocation base. Type of Cost Estimated total cost for the year Selling and Administrative salaries and expenses $ 210,000 Direct Labor (Estimated 40,000 DL hours @ average wage rate of $11 per hour) $ 440,000 Indirect plant labor $ 60,000 Plant utilities $ 70,000 Purchases of direct materials $ 1,500,000 Lease and property taxes on...
Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following...
Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following Units to be produced (by quarters): 10,400, 12,400, 14,200, 16,600. Direct labor: Time is 1.7 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.80; indirect labor $1.30; and maintenance $0.70. Fixed overhead costs per quarter: supervisory salaries $36,580, depreciation $17,620; and maintenance $13,700. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal...
Ayayal Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the Tollowing....
Ayayal Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the Tollowing. Units to be produced (by quarters): 10.100, 12, 100, 14,100,16,100. Direct labor: Time is 1.5 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.70; indirect labor $1.20; and maintenance $0.50. Fixed overhead costs per quarter: supervisory salaries $36,000; depreciation $17,000; and maintenance $13,000. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 18,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor Power and light $144,000 6,480 45,000 $195,480 Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $68,420 43,010 27,370 Total fixed overhead cost 138,800 Total factory...
Atlanta Company is preparing its manufacturing overhead budget for 2014. Relevant data consist of the following....
Atlanta Company is preparing its manufacturing overhead budget for 2014. Relevant data consist of the following. Units to be produced (by quarters): 10,400, 12,900, 14,500, 16,100. Direct labor: time is 1.6 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.70; indirect labor $1.20; and maintenance $0.70 Fixed overhead costs per quarter: supervisory salaries $36,110; depreciation $17,010; and maintenance $14,100. Prepare the manufacturing overhead budget for the year, showing quarterly data.
14) The following cost functions were developed for manufacturing overhead costs: Manufacturing Overhead Cost Sost Function Electricity $.200+ .20 per direct labor hour Maintenance 5.400 + 5.30 per direct labor hour Supervisors' salaries (Indirect labor) $ 20,000 per month Indirect materials 5.16 per direct labor hour If January production is expected to be 2,000 units requiring 3,000 direct labor hours, estimated manufacturing overhead costs would be: a) $ 20,733. b) $ 198,000. c) S 152,000. d) $ 218,600 Answer: (4...
Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following. Units to be produced (by quarters): 10,100, 12, 100, 14,200, 16,700. Direct labor: Time is 1.5 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.80; indirect labor $1.20; and maintenance $0.60. Fixed overhead costs per quarter: supervisory salaries $38,890; depreciation $19,570; and maintenance $13,090. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2...
Verizox Company uses a job order cost system with manufacturing overhead applied to products based on direct labor hours. At the beginning of the most recent year, the company estimated its manufacturing overhead cost at $181.240 Estimated direct labor cost was $490,530 for 19,700 hours Actual costs for the most recent month are summarized here Total Cost 49.054 hem Description Direct labor (1,970 hours) Indirect oosts Indirect labor Indirect materials Factory rent Factory supervision Factory depreciation Factory janitorial work Factory...
Req 2: First, fill in the missing costs. Then, calculate the company's predetermined manufacturing overhead rate, assuming the company uses direct labor hours as its allocation base. Estimated total Type of Cost Selling and Administrative salaries and expenses cost for the year 210,000 Direct Labor (Estimated 40,000 DL hours @ average wage rate of $11 per hour) Indirect plant labor Plant utilities 60,000 70,000 1,500,000 120,000 30,000 Purchases of direct materials Lease and property taxes on the plant 2$ Marketing...
Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following Units to be produced (by quarters): 10,400, 12,400, 14,200, 16,600. Direct labor: Time is 1.7 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.80; indirect labor $1.30; and maintenance $0.70. Fixed overhead costs per quarter: supervisory salaries $36,580, depreciation $17,620; and maintenance $13,700. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal...
Ayayal Company is preparing its manufacturing overhead budget for 2017. Relevant data consist of the Tollowing. Units to be produced (by quarters): 10.100, 12, 100, 14,100,16,100. Direct labor: Time is 1.5 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.70; indirect labor $1.20; and maintenance $0.50. Fixed overhead costs per quarter: supervisory salaries $36,000; depreciation $17,000; and maintenance $13,000. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 18,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor Power and light $144,000 6,480 45,000 $195,480 Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $68,420 43,010 27,370 Total fixed overhead cost 138,800 Total factory...
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