The mixing department manager of Johnson Company is able to control all overhead costs except rent,...
The mixing department manager of Johnson Company is able to control all overhead costs except rent, property taxes, and salaries. Budgeted monthly overhead costs for the mixing department, in alphabetical order are:
Indirect labor: $11,600
Indirect materials: $7,400
Lubricants: $1,690
Maintenance: $3,800
Property Taxes: $1,020
Rent: $1,900
Salaries: $10,200
Utilities: $5,800
Actual costs incurred for January 2020 are indirect labor $12,200; indirect materials $10,700; lubricants $1,620; maintenance $3,800; property taxes $1,260; rent $1,900; salaries $10,200; and utilities $7,150.
-Prepare a responsibility report for January 2020
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The mixing department manager of Johnson Company is able to
control all overhead costs except rent,...
upe WZ Company estimates that 240,000 direct labor hours will be worked during 2018 in the...
upe WZ Company estimates that 240,000 direct labor hours will be worked during 2018 in the Painting Department. Based on this estimate, the following budget was developed for manufacturing overhead costs. Variable Overhead Costs Indirect labor $72,000 Indirect materials 48,000 Repairs 36,000 Utilities 26,400 Lubricants 9,600 $192,000 Fixed Overhead Costs Supervision $75,000 Depreciation 30,000 Insurance 12,000 Rent 9,000 Property taxes 6,000 $132,000 It is estimated that direct labor hours worked each month will range from 16,000 to 24,000 hours. During...
Sheffield Company estimates that 337,700 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.
Sheffield Company estimates that 337,700 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year.Fixed Overhead CostsVariable Overhead CostsSupervision$88,200Indirect labor$155,342Depreciation72,000Indirect materials74,294Insurance29,760Repairs67,540Rent24,360Utilities67,540Property taxes13,080Lubricants16,885$227,400$381,601It is estimated that direct labor hours worked each month will range from 21,500 to 29,600 hours.During October, 21,500 direct labor hours were worked and the following overhead costs were incurred.Fixed overhead costs: Supervision $7,350, Depreciation $6,000, Insurance $2,450, Rent $2,030, and Property taxes $1,090.Variable overhead costs: Indirect...
Johnson Company estimates that 378,500 direct labor hours will be worked during the coming year, 2020,...
Johnson Company estimates that 378,500 direct labor hours will be worked during the coming year, 2020, in the the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs _______________________________ Supervision $87,840 Depreciation $68,760 Insurance $30,000 Rent $24,360 Property Taxes $18,480 Total: $229,440 Variable Overhead Costs __________________________________ Indirect labor $166,540 Indirect materials $83,270 Repairs $37,850 Utilities $75,700 Lubricants $30,280 Total: $393,640 It is estimated that direct labor hours worked each...
Project 2: Flexible Budget and Budget Report (10 points) Upload your file to Moodle by the...
Project 2: Flexible Budget and Budget Report (10 points) Upload your file to Moodle by the deadline specified. Do NOT email your filel XYZ Company estimates that 240 000 direct labor hours will be worked during 2018 in the Painting Department. Based on this estimate the following budget was developed for manufacturing overhead costs. Variable Overhead Costs Indirect labor $72,000 Indirect materials 48.000 Repairs 36,000 Utilities 26,400 Lubricants 9,600 $ 192,000 Fixed Overhead Costs Supervision $75,000 Depreciation 30,000 Insurance 12,000...
(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY...
(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Bumblebee Company estimates that 387,400 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead...
only a LILLE UUCU LUC Salut IULULL cost per day supporting budgets by quarters. (Note: Use...
only a
LILLE UUCU LUC Salut IULULL cost per day supporting budgets by quarters. (Note: Use variable and fixed in the selling and adminis- trative expense budget.) Do not prepare the manufacturing overhead budget or the direct materials budget for Dert. 1 Dunes Company estimates that 240,000 direct labor hours will be worked during 2017 in the Assembly Department. On this basis, the following budgeted manufacturing overhead data are computed. Prepare flexible budget and budget report for manufacturing overhe (LO...
Grouper Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
Grouper Corporation manufactures a single product. Monthly
production costs incurred in the manufacturing process are shown
below for the production of 3,800 units. The utilities and
maintenance costs are mixed costs. The fixed portions of these
costs are $300 and $200, respectively.
Production in Units
3,800
Production Costs
Direct materials
$9,500
Direct labor
30,400
Utilities
1,820
Property taxes
1,500
Indirect labor
5,700
Supervisory salaries
1,900
Maintenance
1,340
Depreciation
3,500
Identify the above costs as variable, fixed, or mixed.
Cost
Direct...
Sunland Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable...
Sunland Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,100 Supervisory salaries Indirect labor 10,700 Depreciation Utilities 7,800 Property taxes and insurance Maintenance 5,700 Maintenance $35,400 7,500 7,300 4,000 Actual variable costs were indirect materials $15, 100, indirect labor $9,500, utilities $9.600, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level....
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 direct labor...
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs $85,680 $128,920 Supervision Indirect labor 74,280 Depreciation Indirect materials 83,798 24,600 Repairs Insurance 45,122 48,345 Utilities Rent 18,120 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct...
Variable Costs Fixed Costs Indirect materials Supervisory $11,600 salaries $35,700 Indirect 10,400 Depreciation 7,100 labor Property...
Variable Costs Fixed Costs Indirect materials Supervisory $11,600 salaries $35,700 Indirect 10,400 Depreciation 7,100 labor Property 7,500 taxes and insurance Utilities 7,300 Maintenance 5,600 Maintenance 5,700 Actual variable costs were indirect materials $14,900, indirect labor $9,500, utilities $9,000, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreciation, and property taxes...
upe WZ Company estimates that 240,000 direct labor hours will be worked during 2018 in the Painting Department. Based on this estimate, the following budget was developed for manufacturing overhead costs. Variable Overhead Costs Indirect labor $72,000 Indirect materials 48,000 Repairs 36,000 Utilities 26,400 Lubricants 9,600 $192,000 Fixed Overhead Costs Supervision $75,000 Depreciation 30,000 Insurance 12,000 Rent 9,000 Property taxes 6,000 $132,000 It is estimated that direct labor hours worked each month will range from 16,000 to 24,000 hours. During...
Project 2: Flexible Budget and Budget Report (10 points) Upload your file to Moodle by the deadline specified. Do NOT email your filel XYZ Company estimates that 240 000 direct labor hours will be worked during 2018 in the Painting Department. Based on this estimate the following budget was developed for manufacturing overhead costs. Variable Overhead Costs Indirect labor $72,000 Indirect materials 48.000 Repairs 36,000 Utilities 26,400 Lubricants 9,600 $ 192,000 Fixed Overhead Costs Supervision $75,000 Depreciation 30,000 Insurance 12,000...
(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Bumblebee Company estimates that 387,400 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead...
only a
LILLE UUCU LUC Salut IULULL cost per day supporting budgets by quarters. (Note: Use variable and fixed in the selling and adminis- trative expense budget.) Do not prepare the manufacturing overhead budget or the direct materials budget for Dert. 1 Dunes Company estimates that 240,000 direct labor hours will be worked during 2017 in the Assembly Department. On this basis, the following budgeted manufacturing overhead data are computed. Prepare flexible budget and budget report for manufacturing overhe (LO...
Grouper Corporation manufactures a single product. Monthly
production costs incurred in the manufacturing process are shown
below for the production of 3,800 units. The utilities and
maintenance costs are mixed costs. The fixed portions of these
costs are $300 and $200, respectively.
Production in Units
3,800
Production Costs
Direct materials
$9,500
Direct labor
30,400
Utilities
1,820
Property taxes
1,500
Indirect labor
5,700
Supervisory salaries
1,900
Maintenance
1,340
Depreciation
3,500
Identify the above costs as variable, fixed, or mixed.
Cost
Direct...
Sunland Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,100 Supervisory salaries Indirect labor 10,700 Depreciation Utilities 7,800 Property taxes and insurance Maintenance 5,700 Maintenance $35,400 7,500 7,300 4,000 Actual variable costs were indirect materials $15, 100, indirect labor $9,500, utilities $9.600, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level....
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead Costs $85,680 $128,920 Supervision Indirect labor 74,280 Depreciation Indirect materials 83,798 24,600 Repairs Insurance 45,122 48,345 Utilities Rent 18,120 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct...
Variable Costs Fixed Costs Indirect materials Supervisory $11,600 salaries $35,700 Indirect 10,400 Depreciation 7,100 labor Property 7,500 taxes and insurance Utilities 7,300 Maintenance 5,600 Maintenance 5,700 Actual variable costs were indirect materials $14,900, indirect labor $9,500, utilities $9,000, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level. All costs are considered controllable by the production department manager except for depreciation, and property taxes...
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