Homework Answers
| Fixed costs = $30000 |
| Variable cost at 15000 hours = 90000-30000 = $60000 |
| Variable cost per hour = 60000/15000 = $4 |
| $30,000 fixed plus $4 per direct labor hour variable |
| Option A is correct |
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Question 4 (1 point) At zero direct labor hours in a flexible budget graph, the total...
*Do It! Review 22-2 In Pargo Company's flexible budget graph, the fixed cost line and the...
*Do It! Review 22-2 In Pargo Company's flexible budget graph, the fixed cost line and the total budgeted cost line intersect the vertical axis at $94,200. The total budgeted cost line is $366,980 at an activity level of 59,300 direct labor hours. Compute total budgeted costs at 75,000 direct labor hours. Total budgeted costs 361980 Question Attempts: 0 of 3 used Copyright © 2000-2020 by John Wiley & Sons, Inc. or related companies. Al rights reserved. Variable coste PER unit...
Wicks company has established a flexible budget for manufacturing overhead based on direct labor-hours. Budgeted costs...
Wicks company has established a flexible budget for manufacturing
overhead based on direct labor-hours. Budgeted costs at 100,000
direct labor hours are given below.
based on direct labor-hours. Budgeted costs at 100,000 direct labor hours are given below. Fl -(10 pts) Wicks Company has established a flexible budget for manufacturing overhead Fill in the estimated costs for 110,000 direct labor hours. 100,000 Flux 110,000 Budgct $ 29,000 99,000 Variable Costs: Packing supplies Indirect labor $70,000 90,000 160,000 76000 Total variable...
Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller...
Venetian Company has two production departments, Fabricating
and Assembling. At a department managers’ meeting, the controller
uses flexible budget graphs to explain total budgeted costs.
Separate graphs based on direct labor hours are used for each
department. The graphs show the following.
1.
At zero direct labor hours, the total budgeted cost line and
the fixed cost line intersect the vertical axis at $49,000 in the
Fabricating Department and $41,000 in the Assembling
Department.
2.
At normal capacity of 47,800...
Exercise 23-12 a-b Venetian Company has two production departments, Fabricating and Assembling. At a department managers'...
Exercise 23-12 a-b Venetian Company has two production departments, Fabricating and Assembling. At a department managers' meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate graphs based on direct labor hours are used for each department. The graphs show the following. 1. At zero direct labor hours, the total budgeted cost line and the fixed cost line intersect the vertical axis at $50,000 in the Fabricating Department and 543,000 in the Assembling Department. 2. At normal...
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.
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.
$1.40 Indirect labor Indirect materials 0.60 Utilities 0.40 8,200 13,300 direct labor hours Fixed overhead costs per month are Supervision $3,900, Depreciation $1,700, and Property Taxes $600. The company believes...
Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller...
Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate graphs based on direct labor hours are used for each department. The graphs show the following. 1. At zero direct labor hours, the total budgeted cost line and the fixed cost line intersect the vertical axis at $50,000 in the Fabricating Department and $40,000 in the Assembling Department. 2. At normal capacity of 50,000...
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 Indirect materials Utilities $1.30 0.60 0.40 Fixed overhead costs per month are Supervision $3,800, Depreciation $1,000, and Property Taxes $900. The company believes it will normally operate in a range of 8,100-12,000 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using...
Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller...
Venetian Company has two production departments, Fabricating and Assembling. At a department managers’ meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate graphs based on direct labor hours are used for each department. The graphs show the following. 1. At zero direct labor hours, the total budgeted cost line and the fixed cost line intersect the vertical axis at $51,000 in the Fabricating Department and $43,000 in the Assembling Department. 2. At normal capacity of 45,900...
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 Indirect materials Utilities $1.00 0.80 0.20 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,400, and Property Taxes $700. The company believes it will normally operate in a range of 7,800-12,900 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using...
Bramble Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing ov...
Bramble 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
$1.30
Indirect materials
0.60
Utilities
0.20
Fixed overhead costs per month are Supervision $4,000, Depreciation
$1,600, and Property Taxes $700. The company believes it will
normally operate in a range of 8,100–11,700 direct labor hours per
month.
Prepare a monthly manufacturing overhead flexible budget for 2017
for the expected range of activity, using...
*Do It! Review 22-2 In Pargo Company's flexible budget graph, the fixed cost line and the total budgeted cost line intersect the vertical axis at $94,200. The total budgeted cost line is $366,980 at an activity level of 59,300 direct labor hours. Compute total budgeted costs at 75,000 direct labor hours. Total budgeted costs 361980 Question Attempts: 0 of 3 used Copyright © 2000-2020 by John Wiley & Sons, Inc. or related companies. Al rights reserved. Variable coste PER unit...
Wicks company has established a flexible budget for manufacturing
overhead based on direct labor-hours. Budgeted costs at 100,000
direct labor hours are given below.
based on direct labor-hours. Budgeted costs at 100,000 direct labor hours are given below. Fl -(10 pts) Wicks Company has established a flexible budget for manufacturing overhead Fill in the estimated costs for 110,000 direct labor hours. 100,000 Flux 110,000 Budgct $ 29,000 99,000 Variable Costs: Packing supplies Indirect labor $70,000 90,000 160,000 76000 Total variable...
Venetian Company has two production departments, Fabricating
and Assembling. At a department managers’ meeting, the controller
uses flexible budget graphs to explain total budgeted costs.
Separate graphs based on direct labor hours are used for each
department. The graphs show the following.
1.
At zero direct labor hours, the total budgeted cost line and
the fixed cost line intersect the vertical axis at $49,000 in the
Fabricating Department and $41,000 in the Assembling
Department.
2.
At normal capacity of 47,800...
Exercise 23-12 a-b Venetian Company has two production departments, Fabricating and Assembling. At a department managers' meeting, the controller uses flexible budget graphs to explain total budgeted costs. Separate graphs based on direct labor hours are used for each department. The graphs show the following. 1. At zero direct labor hours, the total budgeted cost line and the fixed cost line intersect the vertical axis at $50,000 in the Fabricating Department and 543,000 in the Assembling Department. 2. At normal...
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.
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.
$1.40 Indirect labor Indirect materials 0.60 Utilities 0.40 8,200 13,300 direct labor hours Fixed overhead costs per month are Supervision $3,900, Depreciation $1,700, and Property Taxes $600. The company believes...
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 Indirect materials Utilities $1.30 0.60 0.40 Fixed overhead costs per month are Supervision $3,800, Depreciation $1,000, and Property Taxes $900. The company believes it will normally operate in a range of 8,100-12,000 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using...
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 Indirect materials Utilities $1.00 0.80 0.20 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,400, and Property Taxes $700. The company believes it will normally operate in a range of 7,800-12,900 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2017 for the expected range of activity, using...
Bramble 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
$1.30
Indirect materials
0.60
Utilities
0.20
Fixed overhead costs per month are Supervision $4,000, Depreciation
$1,600, and Property Taxes $700. The company believes it will
normally operate in a range of 8,100–11,700 direct labor hours per
month.
Prepare a monthly manufacturing overhead flexible budget for 2017
for the expected range of activity, using...
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