1.
Predetermined OH rate | |
Variable overhead costs | $12 ($138,600/11,550) |
Fixed overhead costs | $2 ($23,100/11,550) |
Total overhead costs | $14 |
2.
Actual Production 11,200 units | ||||||
Standard DL hours | Overhead cost applied | Actual results | Variance | Fav./Unfav. | ||
Variable overhead costs | $12 | 9,240 [(11,550/20,000*70%)*11,200] | $110,880 | |||
Fixed overhead costs | 2 | 9,240 | 18,480 | |||
Total overhead costs | $129,360 | $135,860 | $6,500 | Unfavorable |
World Company expects to operate at 70% of its productive capacity of 20,000 units per month....
World Company expects to operate at 70% of its productive capacity of 20,000 units per month. At this planned level, the company expects to use 11,550 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.825 direct labor hour per unit. At the 70% capacity level, the total budgeted cost includes $23,100 fixed overhead cost and $138,600 variable overhead cost. In the current month, the company incurred $135,860 actual overhead and 7180 actual...
World Company expects to operate at 80% of its productive capacity of 72,500 units per month. At this planned level, the company expects to use 31,900 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.550 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $79,750 fixed overhead cost and $414,700 variable overhead cost. In the current month, the company incurred $488,000 actual overhead and 28,900 actual...
World Company expects to operate at 80% of its productive capacity of 68,750 units per month. At this planned level, the company expects to use 31,900 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.580 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $70,180 fixed overhead cost and $405,130 variable overhead cost. In the current month, the company incurred $473,000 actual overhead and 28,900 actual...
World Company expects to operate at 80% of its productive
capacity of 50,000 units per month. At this planned level, the
company expects to use 24,400 standard hours of direct labor.
Overhead is allocated to products using a predetermined standard
rate of 0.610 direct labor hour per unit. At the 80% capacity
level, the total budgeted cost includes $53,680 fixed overhead cost
and $273,280 variable overhead cost. In the current month, the
company incurred $320,000 actual overhead and 21,400 actual...
World Company expects to operate at 80% of its productive capacity of 70,000 units per month. At this planned level, the company expects to use 25,200 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.450 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $57,960 fixed overhead cost and $322.560 variable overhead cost. In the current month, the company incurred $386,000 actual overhead and 22,200 actual...
World Company expects to operate at 80% of its productive capacity of 56,250 units per month. At this planned level, the company expects to use 27,900 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.620 direct labor hours per unit. At the 80% capacity level, the total budgeted cost includes $64,170 fixed overhead cost and $315,270 variable overhead cost. In the current month, the company incurred $340,000 actual overhead and 24,900 actual...
World Company expects to operate at 80% of its productive capacity of 50,000 units per month. At this planned level, the company expects to use 25,000 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.625 direct labor hours per unit. At the 80% capacity level, the total budgeted cost includes $50,000 fixed overhead cost and $275,000 variable overhead cost. In the current month, the company incurred $305,000 actual overhead and 22,000 actual...
HOW DO I CALCULATE?
World Company expects to operate at 80% of its productive capacity of 56,250 units per month. At this planned level, the company expects to use 22,500 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.500 direct labor hour per unit. At the 80% capacity level, the total budgeted cost includes $60,750 fixed overhead cost and $263,250 variable overhead cost. In the current month, the company incurred $338,000 actual...
World Company expects to operate at 80% of its productive capacity of 70,000 units per month. At this planned level, the company expects to use 25,200 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.450 direct labor hours per unit. At the 80% capacity level, the total budgeted cost includes $57,960 fixed overhead cost and $322,560 variable overhead cost. In the current month, the company incurred $386,000 actual overhead and 22,200 actual...
World Company expects to operate at 60% of its productive
capacity of 28,000 units per month. At this planned level, the
company expects to use 7,560 standard hours of direct labor.
Overhead is allocated to products using a predetermined standard
rate of 0.450 direct labor hour per unit. At the 60% capacity
level, the total budgeted cost includes $22,680 fixed overhead cost
and $60,480 variable overhead cost. In the current month, the
company incurred $63,920 actual overhead and 7,130 actual...