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1. Cyber Construction's manufacturing costs for August when production was 1,000 units appear below: Direct Materials...
5 Interlibrary Loan Clicker Question Preparation Guide: Ch. 10 Clicker questions will be a skedn d...
5 Interlibrary Loan Clicker Question Preparation Guide: Ch. 10 Clicker questions will be a skedn d on your completion of this preparation guide. Example in class question "Question 1) What are the total manufacturing costs when 900 units are produced? You will not ha time to complete this guide in class (yber Construction's manufacturing costs for August when production was 1.,000 units appear below: Direct Materials Direct Labor Variable Overhead Factory Depreciation Factory Supervisory Salaries Other Fixed Factory Costs $11,000...
Clicker Question Preparation Guide: Ch. 10 Clicker questions will be asked in class based on your completion of th...
Clicker Question Preparation Guide: Ch. 10 Clicker questions will be asked in class based on your completion of this preparation quide. Example in class question: "Question 1) What are the total manufacturing costs when 900 units are produced? You will not have time to complete this guide in class! 1. Cyber Construction's manufacturing costs for August when production was 1,000 units appear below: Direct Materials $11,000 Direct Labor $8,500 Variable Overhead $6,000 Factory Depreciation $4,000 Factory Supervisory Salaries $9,800 Other...
Wilson Manufacturing reports the following costs and expenses in June 2015. Indirect materials $ 900 Direct...
Wilson Manufacturing reports the following costs and expenses in June 2015. Indirect materials $ 900 Direct labor $11,000 Depreciation on manufacturing Property taxes on factory building 2,100 equipment 11,000 Office equipment Indirect labor 3,000 repairs 300 Property taxes on office Office supplies 650 building 870 Factory utilities 1,490 CEO salary 12,000 Repairs on manufacturing Direct materials 13,200 equipment 2,180 Instructions Determine the total amount of (a) manufacturing overhead costs, (b) other product costs and (c) period costs.
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 1.10 0.90 0.40 Fixed overhead costs per month are Supervision $ 4,200, Depreciation $ 1,900, and Property Taxes $ 900. The company believes it will normally operate in a range of 7,000 12,100 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead...
Acme Company’s production budget for August is 18,000 units and includes the following component unit costs:...
Acme Company’s production budget for August is 18,000 units and includes the following component unit costs: direct materials, $8.00; direct labor, $11.20; variable overhead, $6.00. Budgeted fixed overhead is $44,000. Actual production in August was 18,400 units. Required: Prepare a flexible budget that would be used to compare against actual production costs for August. (Round "Cost per unit" to 2 decimal places.) Original Budget Flexed Budget Cost Formula (18,000 units) (18,400 units) Direct materials Direct labor Variable overhead Fixed overhead...
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor...
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 30,000 kits $ 234,000 204,000 45,000 483,000 214,000 $697,000 Actual Results 31,600 kits $ 283,880 208,580 51,100 543,560 209,800 $ 753,360 Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Complete this question by entering your answers in the tabs below. Required A Required B...
XYZ had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor...
XYZ had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,000, variable factory overhead $1,100, and fixed factory overhead $500. Selling expenses totaled $1,500 ($500 variable and $1,000 fixed), and administrative expenses totaled $1,600 ($410 variable and $1,190 fixed). Operating income was $2,800. Round all final answers to nearest dollar or whole number. What is the break-even point in sales dollars and in units if the fixed factory overhead increased by...
Grouper Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown...
Grouper Corporation manufactures a single product. Monthly
production costs incurred in the manufacturing process are shown
below for the production of 3,800 units. The utilities and
maintenance costs are mixed costs. The fixed portions of these
costs are $300 and $200, respectively.
Production in Units
3,800
Production Costs
Direct materials
$9,500
Direct labor
30,400
Utilities
1,820
Property taxes
1,500
Indirect labor
5,700
Supervisory salaries
1,900
Maintenance
1,340
Depreciation
3,500
Identify the above costs as variable, fixed, or mixed.
Cost
Direct...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 11,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $104,500 Power and light 3,190 Indirect materials 30,800 Total variable overhead cost $138,490 Fixed overhead cost: Supervisory salaries $48,470 Depreciation of plant and equipment 30,470 Insurance and property taxes 19,390 Total fixed overhead cost 98,330 Total factory...
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...
5 Interlibrary Loan Clicker Question Preparation Guide: Ch. 10 Clicker questions will be a skedn d on your completion of this preparation guide. Example in class question "Question 1) What are the total manufacturing costs when 900 units are produced? You will not ha time to complete this guide in class (yber Construction's manufacturing costs for August when production was 1.,000 units appear below: Direct Materials Direct Labor Variable Overhead Factory Depreciation Factory Supervisory Salaries Other Fixed Factory Costs $11,000...
Clicker Question Preparation Guide: Ch. 10 Clicker questions will be asked in class based on your completion of this preparation quide. Example in class question: "Question 1) What are the total manufacturing costs when 900 units are produced? You will not have time to complete this guide in class! 1. Cyber Construction's manufacturing costs for August when production was 1,000 units appear below: Direct Materials $11,000 Direct Labor $8,500 Variable Overhead $6,000 Factory Depreciation $4,000 Factory Supervisory Salaries $9,800 Other...
Wilson Manufacturing reports the following costs and expenses in June 2015. Indirect materials $ 900 Direct labor $11,000 Depreciation on manufacturing Property taxes on factory building 2,100 equipment 11,000 Office equipment Indirect labor 3,000 repairs 300 Property taxes on office Office supplies 650 building 870 Factory utilities 1,490 CEO salary 12,000 Repairs on manufacturing Direct materials 13,200 equipment 2,180 Instructions Determine the total amount of (a) manufacturing overhead costs, (b) other product costs and (c) period costs.
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 1.10 0.90 0.40 Fixed overhead costs per month are Supervision $ 4,200, Depreciation $ 1,900, and Property Taxes $ 900. The company believes it will normally operate in a range of 7,000 12,100 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead...
department's static budget and actual results for 2019 follow: Production in units Direct materials Direct labor Variable manufacturing overhead Total variable costs Fixed manufacturing overhead Total manufacturing cost Static Budget 30,000 kits $ 234,000 204,000 45,000 483,000 214,000 $697,000 Actual Results 31,600 kits $ 283,880 208,580 51,100 543,560 209,800 $ 753,360 Required a. Convert the static budget into a flexible budget. b. Calculate the variances. Complete this question by entering your answers in the tabs below. Required A Required B...
Grouper Corporation manufactures a single product. Monthly
production costs incurred in the manufacturing process are shown
below for the production of 3,800 units. The utilities and
maintenance costs are mixed costs. The fixed portions of these
costs are $300 and $200, respectively.
Production in Units
3,800
Production Costs
Direct materials
$9,500
Direct labor
30,400
Utilities
1,820
Property taxes
1,500
Indirect labor
5,700
Supervisory salaries
1,900
Maintenance
1,340
Depreciation
3,500
Identify the above costs as variable, fixed, or mixed.
Cost
Direct...
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...
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