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White Corporation manufactures football jerseys and uses budgeted machine-hours to allocate variable manufacturing overhead. The following...
Lancelot Corporation manufactures tennis gear and uses budgeted machine - hours to allocate variable manufacturing over...
Lancelot Corporation manufactures tennis gear and uses budgeted machine - hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: Budgeted output units Budgeted machine - hours Budgeted variable manufacturing overhead costs for 3,000 units 3,000 units 15,000 hours $172,500 Actual output units produced Actual machine - hours used Actual variable manufacturing overhead costs 3,250 units 14,500 hours $230,000 What is the flexible - budget variance for variable manufacturing overhead? O A. $43,125 favorable...
Question 29 Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing...
Question 29 Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: 2 pts Budgeted output units 43,500 units Budgeted machine-hours 17.400 hours Budgeted variable manufacturing overhead costs for $382,800 43,500 units Actual output units produced 47,500 units Actual machine-hours tised 15,100 hours Actual variable manufacturing overhead costs $387,518 What is the amount of the budgeted variable manufacturing overhead cost per unit? (Do not round...
Mynarc Corporation produces fertilizer and distributes the product by using his tanker trucks. Mynarc uses budgeted...
Mynarc Corporation produces fertilizer and distributes the product by using his tanker trucks. Mynarc uses budgeted fleet hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units 675 truckloads Budgeted fleet hours 540 hours Budgeted variable manufacturing overhead costs for 675 loads $82,350 Actual output units produced and delivered 630 truckloads Actual fleet hours 436 hours Actual variable manufacturing overhead costs $77,490 1a. What is the flexible-budget amount for variable manufacturing...
24) Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and...
24) Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs Variable overhead costs: Supplies $ 7,980 $ 8,230 Indirect labor 29,820 29,610 Total variable manufacturing overhead cost $ 37,800 $ 37,840 The original budget was based on 4,200 machine-hours. The company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours....
Webb, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead...
Webb, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: $5.00 2.50 Indirect labor Indirect materials Maintenance Utilities .50 .30 Fixed overhead costs per month are: Supervision Insurance Property taxes Depreciation $1,200 400 600 1,800 The company believes it will normally operate in a range of 4,000 to 8,000 machine hours per month. During the month of August, 2019, the company incurs the following manufacturing overhead costs:...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead |Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Total actual overhead Total budgeted overhead (flexible budget) Total budgeted overhead (static budget) Total applied overhead 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual...
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ $ 7,800 10,720 7,990 10,070 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,610 14,900 59,970 $109,000 14,490 14,950 61,040 $108,540 The company based its original budget on 7,800 machine-hours. The company actually worked 7,760 machine-hours during the month. The standard hours...
GadgetGadget Whiz manufactures premium food processors. The following are some manufacturing overhead data for GadgetGadget Whiz...
GadgetGadget Whiz manufactures premium food processors. The following are some manufacturing overhead data for GadgetGadget Whiz for the year ended December 31, 20172017: LOADING... (Click the icon to view the overhead data.) Manufacturing Overhead Actual Results Flexible Budget Allocated Amount Variable $61,236 $75,816 $75,816 Fixed 350,225 345,744 376,310 Budgeted number of output units: 882882 Planned allocation rate: 22 machine-hours per unit Actual number of machine-hours used: 1 comma 4581,458 Static-budget variable manufacturing overhead costs: $ 68 comma 796 here are...
Fresh, Inc., is a manufacturer of vacuums and uses standard costing, Manufacturing overhead (both variable and...
Fresh, Inc., is a manufacturer of vacuums and uses standard costing, Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2017, budgeted fixed manufacturing overhead cost was $18,000,000. Budgeted variable manufacturing overhead was $10 per machine-hour. The denominator level was 1,000,000 machine-hours. Read the requirements Requirement 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Fresh, Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of...
Behring Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual...
Behring Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual fixed manufacturing overhead costs for the most recent month appear below: Original Budget Actual Costs Fixed overhead cost: Supervision $4,680 $4,800 Utilities 6,120 5,820 Factory depreciation 21,240 20,720 Total fixed manufacturing overhead cost $32,040 $31,340 The company based its original budget on 3,600 machine-hours. The company actually worked 3,570 machine-hours during the month. The standard hours...
Lancelot Corporation manufactures tennis gear and uses budgeted machine - hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: Budgeted output units Budgeted machine - hours Budgeted variable manufacturing overhead costs for 3,000 units 3,000 units 15,000 hours $172,500 Actual output units produced Actual machine - hours used Actual variable manufacturing overhead costs 3,250 units 14,500 hours $230,000 What is the flexible - budget variance for variable manufacturing overhead? O A. $43,125 favorable...
Question 29 Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: 2 pts Budgeted output units 43,500 units Budgeted machine-hours 17.400 hours Budgeted variable manufacturing overhead costs for $382,800 43,500 units Actual output units produced 47,500 units Actual machine-hours tised 15,100 hours Actual variable manufacturing overhead costs $387,518 What is the amount of the budgeted variable manufacturing overhead cost per unit? (Do not round...
Webb, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: $5.00 2.50 Indirect labor Indirect materials Maintenance Utilities .50 .30 Fixed overhead costs per month are: Supervision Insurance Property taxes Depreciation $1,200 400 600 1,800 The company believes it will normally operate in a range of 4,000 to 8,000 machine hours per month. During the month of August, 2019, the company incurs the following manufacturing overhead costs:...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead |Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Total actual overhead Total budgeted overhead (flexible budget) Total budgeted overhead (static budget) Total applied overhead 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ $ 7,800 10,720 7,990 10,070 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,610 14,900 59,970 $109,000 14,490 14,950 61,040 $108,540 The company based its original budget on 7,800 machine-hours. The company actually worked 7,760 machine-hours during the month. The standard hours...
Fresh, Inc., is a manufacturer of vacuums and uses standard costing, Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2017, budgeted fixed manufacturing overhead cost was $18,000,000. Budgeted variable manufacturing overhead was $10 per machine-hour. The denominator level was 1,000,000 machine-hours. Read the requirements Requirement 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Fresh, Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of...
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