Homework Answers
| Particulars | Amount | Per Mach. Hr | |||||
| Indirect Labor | $ 720,000.00 | $ 14.40 | ($ 720000 / 50000) | ||||
| Machine supplies | $ 180,000.00 | $ 3.60 | ($ 180000 / 50000) | ||||
| Indirect Materials | $ 210,000.00 | $ 4.20 | ($ 210000 / 50000) | ||||
| $ 1,110,000.00 | $ 22.20 | ||||||
| For 60000 machine hours | $ 1,332,000.00 | (60000 x 22.2) | |||||
| Add: | Fixed Cost | ||||||
| Depreciation on factory building | $ 150,000.00 | ||||||
| $ 1,482,000.00 | |||||||
| Note: | Fixed cost doesn't change with change in activity |
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TOUT JPALL 2019 The master budget of Hamilton Plastics shows that the planned activity level for...
Question 2 (1 point) The master budget of Windy Co. shows that the planned activity level...
Question 2 (1 point) The master budget of Windy Co. shows that the planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720,000 Machine supplies 180,000 Indirect materials 210,000 Depreciation on factory building 150,000 Total manufacturing overhead $1.260,000 A flexible budget for a level of activity of 60,000 machine hours would show total manufacturing overhead costs of $1,482,000 O $1.260,000 $1,512,000 51.362,000
What is the sales price variance? (a) $350,000 U. (b) $250,000 F (c) $350,000 F (d)...
What is the sales price variance? (a) $350,000 U. (b) $250,000 F (c) $350,000 F (d) $250,000 U. 23. The master budget of a company shows that the planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected. 24· COMPANY MASTER BUDGET FOR PLANNED ACTIVITY LEVEL OF 50,000 MACHINE HOURS Indirect labor Machine supplies Indirect materials Depreciation on factory building 240,000 60,000 70,000 50,000 420,000...
LockDown Browser Time Left:0:50:03 Amadou Conde: Attempt 2 Question 2 (1 point) A company's planned activity...
LockDown Browser Time Left:0:50:03 Amadou Conde: Attempt 2 Question 2 (1 point) A company's planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Fixed $37,500 Indirect $90,000 Depreciation materials 7,500 Indirect labor 120,000 15,000 Taxes 30,000 Supervision Factory supplies A flexible budget prepared at the 90,000 machine hours level of activity would show total manufacturing overhead costs of a) $202,500. b) $277,500....
New Multiple Choice Question 30 Acompany's planned activity level for next year is expected to be...
New Multiple Choice Question 30 Acompany's planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs Variable Indirect materials Indirect labor Factory supplies $40000 100000 10000 Depreciation Tees Supervision $60000 10000 50000 Afble budget prepared at the 50000 machine hours level of activity would show to manufacturing overhead costs of $240000 O $216000 O $120000 O $150000 Click you would like to Show Work...
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,500 machine-hours...
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,500 machine-hours Variable overhead costs: Supplies $ 11,250 Indirect labor 21,000 Fixed overhead costs: Supervision 15,700 Utilities 5,900 Depreciation 6,900 Total overhead cost $ 60,750 The company's variable overhead costs are driven by machine-hours. What would be the total budgeted overhead cost for next month if the activity level is 2,400 machine-hours rather than 2,500 machine-hours? Multiple Choice $58,870 $58,320 $59,460 $60,750
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,800 machine-...
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,800 machine- hours 3.34 moints $13,440 24,360 8 01:05:49 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Depreciation Total overhead cost 16,000 6,200 7,200 $67,200 The company's variable overhead costs are driven by machine-hours. What would be the total budgeted overhead cost for next month if the activity level is 2,700 machine-hours rather than 2,800 machine-hours? Multiple Choice 0 $65,230 0 $65,850 0...
The following costs appear in a company's flexible budget at an activity level of 15,000 machine...
The following costs appear in a company's flexible budget at an activity level of 15,000 machine hours: Indirect materials $7800 Factory rent $18,000 What would be the flexible budget amounts at an activity level of 12,000 machine hours if indirect material is a variable cost and factory rent a fixed cost and actual factory rent is $22,000? A. $7800 for indirect labour and $14,400 for factory rent B. $7800 for indirect labour and $18,000 for factory rent C. $6240 for...
Your answer is partially correct. Myers Company uses a flexible budget for manufacturing overhead based on...
Your answer is partially correct. Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.40 0.50 0.30 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,300, and Property Taxes $700. The company believes it will normally operate in a range of 7,700-11,600 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Myers Company uses a flexible
budget for manufacturing overhead based on direct labor hours.
Variable manufacturing overhead costs per direct labor hour are as
follows.
$1.40 Indirect labor Indirect materials 0.60 Utilities 0.40 8,200 13,300 direct labor hours Fixed overhead costs per month are Supervision $3,900, Depreciation $1,700, and Property Taxes $600. The company believes...
Exercise 10-3 (Video) Myers Company uses a flexible budget for manufacturing overhead based on direct labor...
Exercise 10-3 (Video) Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: $1.00 Indirect labor Indirect materials Utilities 0.50 0.20 Fixed overhead costs per month are Supervision $3,500, Depreciation $1,000, and Property Taxes $500. The company believes it will normally operate in a range of 5,500-8,500 direct labor hours per month Prepare a monthly manufacturing overhead flexible budget for 2020 for the expected range...
Question 2 (1 point) The master budget of Windy Co. shows that the planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720,000 Machine supplies 180,000 Indirect materials 210,000 Depreciation on factory building 150,000 Total manufacturing overhead $1.260,000 A flexible budget for a level of activity of 60,000 machine hours would show total manufacturing overhead costs of $1,482,000 O $1.260,000 $1,512,000 51.362,000
What is the sales price variance? (a) $350,000 U. (b) $250,000 F (c) $350,000 F (d) $250,000 U. 23. The master budget of a company shows that the planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected. 24· COMPANY MASTER BUDGET FOR PLANNED ACTIVITY LEVEL OF 50,000 MACHINE HOURS Indirect labor Machine supplies Indirect materials Depreciation on factory building 240,000 60,000 70,000 50,000 420,000...
LockDown Browser Time Left:0:50:03 Amadou Conde: Attempt 2 Question 2 (1 point) A company's planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Fixed $37,500 Indirect $90,000 Depreciation materials 7,500 Indirect labor 120,000 15,000 Taxes 30,000 Supervision Factory supplies A flexible budget prepared at the 90,000 machine hours level of activity would show total manufacturing overhead costs of a) $202,500. b) $277,500....
New Multiple Choice Question 30 Acompany's planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs Variable Indirect materials Indirect labor Factory supplies $40000 100000 10000 Depreciation Tees Supervision $60000 10000 50000 Afble budget prepared at the 50000 machine hours level of activity would show to manufacturing overhead costs of $240000 O $216000 O $120000 O $150000 Click you would like to Show Work...
Kerekes Manufacturing Corporation has prepared the following overhead budget for next month. Activity level 2,800 machine- hours 3.34 moints $13,440 24,360 8 01:05:49 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Depreciation Total overhead cost 16,000 6,200 7,200 $67,200 The company's variable overhead costs are driven by machine-hours. What would be the total budgeted overhead cost for next month if the activity level is 2,700 machine-hours rather than 2,800 machine-hours? Multiple Choice 0 $65,230 0 $65,850 0...
Your answer is partially correct. Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.40 0.50 0.30 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,300, and Property Taxes $700. The company believes it will normally operate in a range of 7,700-11,600 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the...
Myers Company uses a flexible budget for manufacturing overhead
based on direct labor hours. Variable manufacturing overhead costs
per direct labor hour are as follows.
Myers Company uses a flexible
budget for manufacturing overhead based on direct labor hours.
Variable manufacturing overhead costs per direct labor hour are as
follows.
$1.40 Indirect labor Indirect materials 0.60 Utilities 0.40 8,200 13,300 direct labor hours Fixed overhead costs per month are Supervision $3,900, Depreciation $1,700, and Property Taxes $600. The company believes...
Exercise 10-3 (Video) Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: $1.00 Indirect labor Indirect materials Utilities 0.50 0.20 Fixed overhead costs per month are Supervision $3,500, Depreciation $1,000, and Property Taxes $500. The company believes it will normally operate in a range of 5,500-8,500 direct labor hours per month Prepare a monthly manufacturing overhead flexible budget for 2020 for the expected range...
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