Machine hours in August = 8,000
Maintenance cost in August = $5,300 + $0.60 (8,000) = $10,100
3rd option
Wofril Corporation uses the cost formula Y = $5,300 + $0.60X for the maintenance cost, where...
Question 5 4 pts Jumpst Corporation uses the cost formula Y. $3,600 + $0.30X for the maintenance cost in Department B, where X is machine-hours. The August budget is based on 20,000 hours of planned machine time. Maintenance cost expected to be incurred during August is: $3,600 $6,000 O $6,300 $9.500
Learnu.eebapps/assessment/rake/lunchp/coursement 155166167 Ne ne hour, 47 minutes, 45 seconds 2.057 polo Question completion Status QUESTION TO Overapplied manufacturing overhead means that: the applied manufacturing overhead cost was less than the actual manufacturing overhead cost the applied manufacturing overhead cost was greater than the actual manufacturing overhead cost the estimated manufacturing overhead cost was less than the actual manufacturing overhead cost. the estimated manufacturing overhead cost was less than the applied manufacturing overhead cost QUESTION 11 XYZ Corporation uses the cost...
At Cady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for June showed that actual maintenance costs totaled $9,600 and that the associated rate variance was $400 unfavorable. If 8,000 machine-hours were actually worked during June, the standard maintenance cost per machine-hour was: ___________________________________________________________________
Question Help Runaround Corporation sells running shoes and during January they ran production machines for 22,000 hours total and incurred $10,000 in maintenance costs. During July they ran production machines for 16,000 hours total and incurred $8,400 in maintenance costs. Based on this data, what is the cost formula for maintenance costs? (Round intermediary calculations to the nearest cent.) O A. y = $0.84 X + $10,000 OB. y = $3.67 X + $28,660 O c. y = $0.27 X...
Ex. 186 Webb, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor $5.00 Indirect materials 2.50 Maintenance 50 Utilities 30 Fixed overhead costs per month are: Supervision $1,200 Insurance 400 Property taxes Depreciation 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, 2016, the company incurs the following manufacturing overhead costs:...
CALCULATOR PRINTER VERSION BACK Exercise 186 Webb, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable manufacturing overhead costs per machine hour are as follows: Indirect labor $5.00 Indirect materials 2.50 Maintenance .50 Utilities .30 Fixed overhead costs per month are: Supervision tudy 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...
Packaging Solutions Corporation manufactures and sells a wide variety of packaging products. Performance reports are prepared monthly for each department. The planning budget and flexible budget for the Production Department are based on the following formulas, where q is the number of labor-hours worked in a month: Cost Formulas Direct labor $16.10q Indirect labor $4,200 + $1.60q Utilities $5,700 + $0.50q Supplies $1,300 + $0.10q Equipment depreciation $18,200 + $2.90q Factory rent $8,000 Property taxes $2,700 Factory administration $13,300 +...
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device The president has asked that you review the company's costing system and do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a 'ex ble budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control. After much effort and...
The MartinezMartinez Company uses standard costing in its manufacturing plant for auto parts. The standard cost of a particular auto part, based on a denominator level of 4,500 output units per year, included 5 machine-hours of variable manufacturing overhead at $7 per hour and 5 machine-hours of fixed manufacturing overhead at $15 per hour. Actual output produced was 4,800 units. Variable manufacturing overhead incurred was $ 240,000. Fixed manufacturing overhead incurred was $ 385,000. Actual machine-hours were 29,000. Variable OH...
Angel Corporation uses activity-based costing to determine product costs for external financial reports. The company has provided the following data concerning its activity-based costing system: Activity Cost Pools (and Activity Measures) Estimated Overhead Cost Machine related (machine-hours) $ 317,520 Batch setup (setups) $ 353,460 Order size (direct labor-hours) $ 250,560 Expected Activity Activity Cost Pools Product X Product Y Total Machine related 5,300 7,300 12,600 Batch setup 10,600 2,300 12,900 Order size 4,300 7,300 11,600 Assuming that actual activity turns...