5. Sky High Company has two departments, X and Y. The following estimates are for the coming year: X Y Direct manufacturing labor-hours 20,000 30,000 Machine-hours 30,000 20,000 Manufacturing overhead $300,000 $330,000
The budgeted indirect-cost driver rate for Y based on the number of machine-hours is in excess of X by ________. (Round interim and the final answer to the nearest cent.)
A) $6.50 per machine-hour
B) $21.50 per machine-hour
C) $1.50 per machine-hour
D) $16.50 per machine-hour
SKY High Company | |||||
Departmets | |||||
X | Y | ||||
No.of Machine hours | 30000 | 20000 | |||
Manufacturing Overhead | 300000 | 330000 | |||
Cost Per Machine hour | 10 | 16.5 | |||
Here the Cost driver rate of 16.5 per mahchine hour is | |||||
excesso of 6.5 per machine hour in excess of X | |||||
Excess per machine hour is $6.50($16.50-$10)per machine-hour |
5. Sky High Company has two departments, X and Y. The following estimates are for the...
Sky High Company has two departments, X and Y. The following estimates are for the coming year: 20,000 Direct manufacturing labor-hours Machine-hours Manufacturing overhead A single indirect-cost rate based on direct manufacturing labor-hours for the entire plant is 30,000 0.000 20,000 $300,000 $330,000 A. $27.50 per direct labor-hour dB. $12.60 per direct labor-hour C. $16.50 per direct labor-hour D. $25.00 per direct labor-hour
Sky High Company has two departments X and Y. The following estimates are for the coming year: X Y Direct manufacturing labor-hours 20,000 40.000 Machine-hours 40,000 20,000 Manufacturing overhead $200,000 $400,000 A single indirect cost rate based on direct manufacturing labor-hours for the entire plant is ? $12 per direct labor hour $15 per direct labor-hour $21 per direct labor-hour $10 per direct labor hour None of the above
QUESTION 19 ABC has two departments, Machining and Assembly. The following estimates are for the coming year: Machining Assembly Direct manufacturing labor-hours 10,000 50,000 Machine-hours 40,000 20,000 Manufacturing overhead $200,000 $400,000 A single indirect-cost rate based on direct manufacturing labor-hours for the entire plant is: $ 8 per direct labor-hour $10 per direct labor-hour $20 per direct labor-hour None of these answers is correct.
QUESTION 19 ABC has two departments, Machining and Assembly. The following estimates are for the coming year: Machining Assembly Direct manufacturing labor-hours 10,000 50,000 Machine-hours 40,000 20,000 Manufacturing overhead $200,000 $400,000 A single indirect-cost rate based on direct manufacturing labor-hours for the entire plant is: $ 8 per direct labor-hour $10 per direct labor-hour $20 per direct labor-hour None of these answers is correct.
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one...
OOPOO) Rhett Company has two departments, Machining and Assembly. The following estimates are for the coming year: Machining Assembly Direct manufacturing labor-hours 20.000 40.000 Machine-hours 80,000 20,000 Manufacturing overhead $400,000 $800,000 The machining department uses machine hours to allocate overhead while the assembly department uses direct labor hours. EROTAVIMO The actual data for Job # 1 is as follows: Direct manufacturing labor-hours Machine-hours Direct Materials Cost Direct Labor Cost Machining 50 10 $5,000 $2,500 Assembly balston 50 o el to...
X Company has two production departments, A and B. The following is budgeted information for all of its products in 2019, and actual information for one of them, Product X: Department A All Products Product X Overhead $3,900,000 -- Direct labor hours 60,000 868 Machine hours 120,000 1,020 Units produced 60,000 640 Department B Overhead $2,100,000 -- Direct labor hours 50,000 281 Machine hours 120,000 850 Units produced 30,000 640 Using a single-driver allocation system, with direct labor hours as...
Delph Company uses a job-order costing system and has two manufacturing departments—Molding and Fabrication. The company provided the following estimates at the beginning of the year: Molding Fabrication Total Machine-hours 20,000 30,000 50,000 Fixed manufacturing overhead costs $ 700,000 $ 210,000 $ 910,000 Variable manufacturing overhead cost per machine-hour $ 3.00 $ 1.00 During the year, the company had no beginning or ending inventories and it started, completed, and sold only two jobs—Job D-70 and Job C-200. It provided the...
Assume a company has two manufacturing departments - Assembly and Fabrication. The company considers all of its manufacturing overhead costs to be fixed costs. The first set of data below is budgeted data for the company as a whole that was estimated at the beginning of the year. The second set of data below is actual data for the company as a whole that was derived at the end of the year. The third set of data relates to one...
Garza Corporation has two production departments. Casting and Customizing. The company uses a job-order costing system and computes a predetermined overhead rate in each production department. The Casting Department's predetermined overhead rate is based on machine-hours and the Customizing Department's predetermined overhead rate is based on direct labor-hours. At the beginning of the current year, the company had made the following estimates: Casting 26,000 20,000 $119,600 $ 1.50 Customizing 29,000 4,000 $12,000 Machine-hours Direct labor-hours Total fixed manufacturing overhead cost...