Homework Answers
| Budgeted variable cost per unit | $ 25.00 | |
| Budgeted fixed cost per unit = 9000/1000 = | $ 9.00 | |
| Budgeted cost per unit | $ 34.00 | |
| Sale price per unit | $ 55.00 | |
| Budgeted net operating income per unit | $ 21.00 | |
| Operating income volume variance = 21*(1000-600) = | $ 8,400 | U |
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5.Dawn Floral Creations, Inc., makes jewelry in the shape of flowers. Each piece is hand-made and...
Sunny Day Company makes customized golf shirts for sale to golf courses. Each shirt requires 3...
Sunny Day Company makes customized golf shirts for sale to golf courses. Each shirt requires 3 hours to produce because of the customized logo for each golf course. Sunny Day uses direct labor-hours to allocate the overhead cost to production. Fixed overhead costs, including rent, depreciation, supervisory salaries, and other production expenses, are budgeted at $15,000 per month. The facility currently used is large enough to produce 1,000 shirts per month. During March Sunny Day produced 760 shirts and actual...
Sunny Day Company makes customized golf shirts for sale to golf courses. Each shirt requires 3...
Sunny Day Company makes customized golf shirts for sale to golf courses. Each shirt requires 3 hours to produce because of the customized logo for each golf course. Sunny Day uses direct labor-hours to allocate the overhead cost to production. Fixed overhead costs, including rent, depreciation, supervisory salaries, and other production expenses, are budgeted at $15,000 per month. The facility currently used is large enough to produce 1,000 shirts per month. During March, Sunny Day produced 760 shirts and actual...
Top Eagle Company makes customized golf shirts for sale to golf courses. Each shirt requires 1.5 hours to produ...
Top Eagle Company makes customized golf shirts for sale to golf courses. Each shirt requires 1.5 hours to produce because of the customized logo for each golf course. Top Eagle uses direct labor-hours to allocate the overhead cost to production. Fixed overhead costs, including rent, depreciation, supervisory salaries, and other production expenses, are budgeted at $15,600 per month. The facility currently used is large enough to produce 1,300 shirts per month. During March, Top Eagle produced 620 shirts and actual...
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for...
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of normal capacity of 8,400 hours. Variable costs: Indirect factory wages $30,240 Power and light 20,160 Indirect materials 16,800 Total variable cost $67,200 Fixed costs: Supervisory salaries $20,000 Depreciation of plant and equipment 36,200 Insurance and property taxes 15,200 Total fixed cost 71,400 Total factory overhead...
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for...
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of normal capacity of 8,400 hours. Variable costs: Indirect factory wages Power and light Indirect materials Total variable cost $30,240 20,160 16,800 $67,200 Fixed costs: Supervisory salaries $20,000 Depreciation of plant and equipment 36,200 Insurance and property taxes 15,200 Total fixed cost 71,400 Total factory overhead...
Factory Overhead Cost Variance Report Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following...
Factory Overhead Cost Variance Report
Tiger Equipment Inc., a manufacturer of construction equipment,
prepared the following factory overhead cost budget for the Welding
Department for May of the current year. The company expected to
operate the department at 100% of normal capacity of 8,400
hours.
Variable costs:
Indirect factory wages
$30,240
Power and light
20,160
Indirect materials
16,800
Total variable cost
$67,200
Fixed costs:
Supervisory salaries
$20,000
Depreciation of plant and equipment
36,200
Insurance and property taxes
15,200
Total fixed...
Factory Overhead Cost Variance Report Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following...
Factory Overhead Cost Variance Report Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of normal capacity of 8,400 hours. Variable costs: Indirect factory wages $30,240 Power and light 20,160 Indirect materials 16,800 Total variable cost $67,200 Fixed costs: Supervisory salaries $20,000 Depreciation of plant and equipment 36,200 Insurance and property taxes 15,200 Total fixed...
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for...
Tiger Equipment Inc., a manufacturer of construction equipment,
prepared the following factory overhead cost budget for the Welding
Department for May of the current year. The company expected to
operate the department at 100% of normal capacity of 8,400
hours.
Can someone help me finish the report??
TIGER EQUIPMENT INC.
Factory Overhead Cost Budget-Welding Department
For the Month Ended May 31
1
Variable costs:
2
Indirect factory wages
$43,680.00
3
Power and light
24,360.00
4
Indirect materials
16,800.00
5
Total...
1. Gina in the King's Road Inc., makes naugahyde couches. The company uses two main materials...
1. Gina in the King's Road Inc., makes naugahyde couches. The company uses two main materials to make the furniture, wood and leather. The company's standard costs for materials and labor are as follows (wood in boards and leather in pounds, variable/fixed overhead based on machine hours). Overhead costs are allocated to production based on machine hours. Standard Quantity Standard Cost Standard Price Or Hours or Rate Wood $5.70 per board $51.30 9 boards Leather 65.60 8 pounds $8.20 per...
Johnny Lee Inc. produces a line of small gasoline-powered engines that can be used in a...
Johnny Lee Inc. produces a line of small gasoline-powered engines that can be used in a variety of residential machines, ranging from different types of lawnmowers, to snowblowers, to garden tools (such as tillers and weed-whackers). The basic product line consists of three different models, each meant to fill the needs of a different market. Assume you are the cost accountant for this company and that you have been asked by the owner of the company to construct a flexible...
Sunny Day Company makes customized golf shirts for sale to golf courses. Each shirt requires 3 hours to produce because of the customized logo for each golf course. Sunny Day uses direct labor-hours to allocate the overhead cost to production. Fixed overhead costs, including rent, depreciation, supervisory salaries, and other production expenses, are budgeted at $15,000 per month. The facility currently used is large enough to produce 1,000 shirts per month. During March Sunny Day produced 760 shirts and actual...
Sunny Day Company makes customized golf shirts for sale to golf courses. Each shirt requires 3 hours to produce because of the customized logo for each golf course. Sunny Day uses direct labor-hours to allocate the overhead cost to production. Fixed overhead costs, including rent, depreciation, supervisory salaries, and other production expenses, are budgeted at $15,000 per month. The facility currently used is large enough to produce 1,000 shirts per month. During March, Sunny Day produced 760 shirts and actual...
Top Eagle Company makes customized golf shirts for sale to golf courses. Each shirt requires 1.5 hours to produce because of the customized logo for each golf course. Top Eagle uses direct labor-hours to allocate the overhead cost to production. Fixed overhead costs, including rent, depreciation, supervisory salaries, and other production expenses, are budgeted at $15,600 per month. The facility currently used is large enough to produce 1,300 shirts per month. During March, Top Eagle produced 620 shirts and actual...
Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of normal capacity of 8,400 hours. Variable costs: Indirect factory wages Power and light Indirect materials Total variable cost $30,240 20,160 16,800 $67,200 Fixed costs: Supervisory salaries $20,000 Depreciation of plant and equipment 36,200 Insurance and property taxes 15,200 Total fixed cost 71,400 Total factory overhead...
Factory Overhead Cost Variance Report
Tiger Equipment Inc., a manufacturer of construction equipment,
prepared the following factory overhead cost budget for the Welding
Department for May of the current year. The company expected to
operate the department at 100% of normal capacity of 8,400
hours.
Variable costs:
Indirect factory wages
$30,240
Power and light
20,160
Indirect materials
16,800
Total variable cost
$67,200
Fixed costs:
Supervisory salaries
$20,000
Depreciation of plant and equipment
36,200
Insurance and property taxes
15,200
Total fixed...
Factory Overhead Cost Variance Report Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of normal capacity of 8,400 hours. Variable costs: Indirect factory wages $30,240 Power and light 20,160 Indirect materials 16,800 Total variable cost $67,200 Fixed costs: Supervisory salaries $20,000 Depreciation of plant and equipment 36,200 Insurance and property taxes 15,200 Total fixed...
Tiger Equipment Inc., a manufacturer of construction equipment,
prepared the following factory overhead cost budget for the Welding
Department for May of the current year. The company expected to
operate the department at 100% of normal capacity of 8,400
hours.
Can someone help me finish the report??
TIGER EQUIPMENT INC.
Factory Overhead Cost Budget-Welding Department
For the Month Ended May 31
1
Variable costs:
2
Indirect factory wages
$43,680.00
3
Power and light
24,360.00
4
Indirect materials
16,800.00
5
Total...
1. Gina in the King's Road Inc., makes naugahyde couches. The company uses two main materials to make the furniture, wood and leather. The company's standard costs for materials and labor are as follows (wood in boards and leather in pounds, variable/fixed overhead based on machine hours). Overhead costs are allocated to production based on machine hours. Standard Quantity Standard Cost Standard Price Or Hours or Rate Wood $5.70 per board $51.30 9 boards Leather 65.60 8 pounds $8.20 per...
Johnny Lee Inc. produces a line of small gasoline-powered engines that can be used in a variety of residential machines, ranging from different types of lawnmowers, to snowblowers, to garden tools (such as tillers and weed-whackers). The basic product line consists of three different models, each meant to fill the needs of a different market. Assume you are the cost accountant for this company and that you have been asked by the owner of the company to construct a flexible...
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