Homework Answers
| Solutionfor -1 | |
| Computation of Budgeted for Department | |
| Direct labour (12000/5000X 5600) | $13,440.00 |
| Property Tax ( 16000/5000X5600) | $17,920.00 |
| Total Budgeted Cost | $31,360.00 |
| Solutionfor -2 | |
| Computation of Budgeted Production | |
| Sales | 75,000 |
| Add: Ending Inventory | 2,700 |
| Less: Beg Inventory | (3,500) |
| Total Budgeted Cost | 74,200 |
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ation B: Budgeting UVIVUSTATYVAI For October 2019, the Assembly Department of Peace Manufacturing Company budgeted direct...
actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly...
actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $12.000 and property tax of $12,000 for 7,000 hours of production. The department actually com- pleted 7,500 hours of production. that it uses flexible budgeting. OBJ. 2 Determine the budget for the department, assuming EE6-1 p 235 PE61B Flexible budgeting OBJ. 2 At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depreciation...
Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $33,600 and equip...
Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $33,600 and equipment depreciation of $5,000 for 1,200 hours of production. The department actually completed 1,300 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. $
13: 9781285868806 pactice Exercises EE61 p 235 PE6-1A Flexible budgeting At the beginning of the period,...
13: 9781285868806
pactice Exercises EE61 p 235 PE6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor and property tax of $12,000 for 7,000 hours of production. The department pleted 7,500 hours of production. Determine the budget for the department, ass that it uses flexible budgeting. OBJ, 2 of $112,000 actually com- uming EE61 p25 PE6-1B Flexible budgeting At the beginning of the period, the Fabricating Department budgeted $9,280 and equipment depreciation of $2,300 for...
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct material...
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct material of $170,000 and fixed costs of $28,000 for 7,000 hours of production. The department actually completed 8,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting. Question 23 options: $320,000 $378,000 $352,000 $348,000
Problem 1 Tuxedo Company has several processing departments. Costs charged to the Assembly Department for October...
Problem 1 Tuxedo Company has several processing departments. Costs charged to the Assembly Department for October 2019 totaled $1,298,400 as follows. Work in process, October 1 Materials Conversion costs $29,000 16,500 $ 45,500 Materials added Labor Overhead 1,006,000 138,900 108,000 Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 435,000 units were started into production, and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,500 units...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,500 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Units 2,500 9,500 3,500 Percent of Direct Materials Added 608 1000 900 Percent of Conversion 408 1000 408 $1,937 (includes $1,427 for direct materials and $510 for conversion) Beginning work in process inventory-Assembly...
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October...
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 16,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $145,600 Power and light 5,120 Indirect materials 44,800 Total variable overhead cost $195,520 Fixed overhead cost: Supervisory salaries $68,430 Depreciation of plant and equipment 43,010 Insurance and property taxes 27,370 Total fixed overhead cost 138,810 Total factory overhead cost $334,330...
1) Flexible Budget for Assembly Department Steelcase Inc. (SCS) is one of the largest manufacturers of...
1) Flexible Budget for
Assembly Department
Steelcase Inc. (SCS) is one of the largest
manufacturers of office furniture in the United States. In Grand
Rapids, Michigan, it assembles filing cabinets in an Assembly
Department. Assume the following information for the Assembly
Department:
Direct labor per filing cabinet
18 minutes
Supervisor salaries
$250,000 per month
Depreciation
$18,500 per month
Direct labor rate
$28 per hour
Prepare a flexible budget for 70,000, 80,000, and 90,000 filing
cabinets for the month ending February...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting, amount unit Budgeted sales:...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting, amount unit Budgeted sales: Q1 of 2019 20,000 cases 33,000 cases 26,500 cases 16,500 cases Unit selling price $21.50 dollars per unit All sales are on account (on credit) Collection pattern: Cash collected in the quarter of sale Cash collected in the quarter following sale 65% 35% Beginning FG inventory (in units) Desired ending FG inventory/next quarter's sales Desired ending FG inventory at year end 2,400 cases 30%...
Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2019 with the...
Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2019 with the following manufacturing overhead cost budget based on 4,000 hours of monthly productive capacity: Taylor Manufacturing Company Polishing Department Overhead Budget (4,000 Hours) For the Month of April 2019 Variable costs: Factory supplies $100,000 Indirect labor 152,000 Utilities 68,000 Patent royalties on secret process 296,000 Total variable overhead Fixed costs: Supervisory salaries 160,000 Depreciation on factory equipment 144,000 Factory taxes 48,000 Factory insurance 32,000 Utilities...
actice Exercises EE6-1 235 PE 6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor of $12.000 and property tax of $12,000 for 7,000 hours of production. The department actually com- pleted 7,500 hours of production. that it uses flexible budgeting. OBJ. 2 Determine the budget for the department, assuming EE6-1 p 235 PE61B Flexible budgeting OBJ. 2 At the beginning of the period, the Fabricating Department budgeted direct labor of $9,280 and equipment depreciation...
13: 9781285868806
pactice Exercises EE61 p 235 PE6-1A Flexible budgeting At the beginning of the period, the Assembly Department budgeted direct labor and property tax of $12,000 for 7,000 hours of production. The department pleted 7,500 hours of production. Determine the budget for the department, ass that it uses flexible budgeting. OBJ, 2 of $112,000 actually com- uming EE61 p25 PE6-1B Flexible budgeting At the beginning of the period, the Fabricating Department budgeted $9,280 and equipment depreciation of $2,300 for...
Problem 1 Tuxedo Company has several processing departments. Costs charged to the Assembly Department for October 2019 totaled $1,298,400 as follows. Work in process, October 1 Materials Conversion costs $29,000 16,500 $ 45,500 Materials added Labor Overhead 1,006,000 138,900 108,000 Production records show that 25,000 units were in beginning work in process 40% complete as to conversion cost, 435,000 units were started into production, and 35,000 units were in ending work in process 40% complete as to conversion costs. Materials...
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,500 units during November. The following production activity unit and cost information refers to the assembly department's November production activities. Assembly Department Beginning work in process Units transferred out Ending work in process Units 2,500 9,500 3,500 Percent of Direct Materials Added 608 1000 900 Percent of Conversion 408 1000 408 $1,937 (includes $1,427 for direct materials and $510 for conversion) Beginning work in process inventory-Assembly...
1) Flexible Budget for
Assembly Department
Steelcase Inc. (SCS) is one of the largest
manufacturers of office furniture in the United States. In Grand
Rapids, Michigan, it assembles filing cabinets in an Assembly
Department. Assume the following information for the Assembly
Department:
Direct labor per filing cabinet
18 minutes
Supervisor salaries
$250,000 per month
Depreciation
$18,500 per month
Direct labor rate
$28 per hour
Prepare a flexible budget for 70,000, 80,000, and 90,000 filing
cabinets for the month ending February...
Sharp Products is a manufacturing company. It uses absorption costing for budgeting, amount unit Budgeted sales: Q1 of 2019 20,000 cases 33,000 cases 26,500 cases 16,500 cases Unit selling price $21.50 dollars per unit All sales are on account (on credit) Collection pattern: Cash collected in the quarter of sale Cash collected in the quarter following sale 65% 35% Beginning FG inventory (in units) Desired ending FG inventory/next quarter's sales Desired ending FG inventory at year end 2,400 cases 30%...
Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2019 with the following manufacturing overhead cost budget based on 4,000 hours of monthly productive capacity: Taylor Manufacturing Company Polishing Department Overhead Budget (4,000 Hours) For the Month of April 2019 Variable costs: Factory supplies $100,000 Indirect labor 152,000 Utilities 68,000 Patent royalties on secret process 296,000 Total variable overhead Fixed costs: Supervisory salaries 160,000 Depreciation on factory equipment 144,000 Factory taxes 48,000 Factory insurance 32,000 Utilities...
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