Question

Tos Corporations flexible budget cost formula for indirect materials a variable cost, is $0 60 per unit of output. If the co
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Budgeted cost = Cost per unit * no of units produced= 0.6*9000= 5400

Actual cost=Budgeted cost+ Variance= 5400+800=6200

Option 6200

Add a comment
Know the answer?
Add Answer to:
Tos Corporation's flexible budget cost formula for indirect materials a variable cost, is $0 60 per...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Olivera Corporation's flexible budget performance report for last month shows that actual indirect materials cost, a...

    Olivera Corporation's flexible budget performance report for last month shows that actual indirect materials cost, a variable cost, was $42,818 and that the spending variance for indirect materials cost was $2,710 unfavorable. During that month, the company worked 14,800 machine-hours. Budgeted activity for the month had been 15,260 machine-hours. The cost formula per machine-hour for indirect materials cost must have been closest to: O $3.02 O $3.09 $2.63 $2.71

  • Shoewear Inc.’s flexible budget cost formula for supplies, a variable overhead cost, is $4.87 per unit...

    Shoewear Inc.’s flexible budget cost formula for supplies, a variable overhead cost, is $4.87 per unit of output. The company's flexible budget performance report for last month showed a $7,684 unfavorable variance for supplies. During that month, 12,400 units were produced. Budgeted activity for the month was 10,600 units. What are the total actual cost incurred for supplies?

  • xyz's flexible budget performance report for last month shows that actual indirect materials cost, a variable...

    xyz's flexible budget performance report for last month shows that actual indirect materials cost, a variable overhead cost, was $28,420 and that the variance for indirect materials cost was $3,828 unfavorable. During that month, the company worked 11,600 machine-hours. Budgeted activity for the month had been 11,300 machine-hours. The cost formula per machine-hour for indirect materials cost must have been closest to: Select one: a. $2.18 b. $2.12 c. $2.78 d. $2.49 e. $2.85

  • Please answer all 21. Gladstone Footwear Corporation's flexible budget cost formula for supplies, a variable cost,...

    Please answer all 21. Gladstone Footwear Corporation's flexible budget cost formula for supplies, a variable cost, is $2.83 per unit of output. The company's flexible budget performance report for l ast h showed a $9,555 unfavorable spending variance for supplies. During that month, 19,500 units were produced. Budgeted activity for the month had been 19,300 units The actual cost per unit for indirect materials must have been closest to: A. $3.32 B. $3.81 C. $2.83 D. $3.85 22. March, April...

  • eted, total fixed costs should be higher than expected. If activity is lower than o included in a flexible budget b...

    eted, total fixed costs should be higher than expected. If activity is lower than o included in a flexible budget because they do not change when the level of activity 10 Which of the following statements is true? A. If activity is higher than expected, total fixed cos expected, total fixed costs should be lower than expected B Fixed costs should not be included in a flexible bu changes. A revenue variance is favorable if the actual revenue is greater...

  • Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...

    Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.10 Indirect materials 0.80 Utilities 0.40 Fixed overhead costs per month are Supervision $4,000, Depreciation $1,300, and Property Taxes $800. The company believes it will normally operate in a range of 7,600–10,600 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...

  • Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.10 Indirec...

    Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.10 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4100, Depreciation $2000, and Property Taxes $500. The company believes it will normally operate in a range of 7100-12800 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...

  • 10 Which of the following statements is true? activity is higher than expected total fixed costs...

    10 Which of the following statements is true? activity is higher than expected total fixed costs should be higher than expected. I civity is lower than expected, total fixed costs should be lower than expected Fixed costs should not be included in a flexible budget because they do not change when the level of activity changes. C A revenue variance is favorable if the actual revenue is greater than the revenue in the master (static planning) budget. A spending variance...

  • Foy Company has a welding activity and wants to develop a flexible budget formula for the...

    Foy Company has a welding activity and wants to develop a flexible budget formula for the activity. The following resources are used by the activity: • Four welding units, with a lease cost of $11,000 per year per unit • Six welding employees each paid a salary of $47,000 per year (A total of 9.000 welding hours are supplied by the six workers.) • Welding supplies: $300 per job • Welding hours: 3 hours used per job During the year,...

  • Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...

    Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor $1.00 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4,200, Depreciation $1,800, and Property Taxes $600. The company believes it will normally operate in a range of 7,000–13,000 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT