Birrell Company manufactures pottery. Production of large garden pots for the coming three months is budgeted as follows:
May 20,000
June 40,000
July 35,000
Each pot requires 30 minutes of direct labor time. Direct labor wages are $15 per hour. Monthly variable manufacturing overhead is $4 per direct labor hour, plus fixed manufacturing overhead of $2,100 per month.
What is the total manufacturing overhead budget for the month of June?
The total manufacturing overhead budget for the month of June = $82100
Explanation;
Manufacturing Overhead Budget |
|
For the month of June |
|
Budgeted pots to be produced |
40000 |
Required time per pot |
30 minutes |
Budgeted labor hours for the month (40000 * 0.5) |
20000 |
Variable manufacturing overheads (20000 * $4) |
$80000 |
Fixed manufacturing overheads |
$2100 |
Total manufacturing overhead budget for the month of June |
$82100 |
Birrell Company manufactures pottery. Production of large garden pots for the coming three months is budgeted...
The following data for a pottery company pertain to the production of 2,000 clay pots during July. Direct Materials (all materials purchased were used): Standard cost: $6.00 per kilogram of clay Total actual cost: $11,200 Standard cost allowed for units produced was $12,000 Materials efficiency variance was $240 unfavourable Direct Manufacturing Labour: Standard cost is 2 pots per hour at $24.00 per hour Actual cost per hour was $24.50 Actual labour was 972 hours What is the standard direct material...
Ceramics Etc is a manufacturer of large flower pots for urban settings. The company has these standards: Direct materials (resin). . . . . . . . . . . . . . . . . . . . 13 pounds per pot at a cost of $3.00 per pound Direct labor. . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0...
CenterWare is a manufacturer of large flower pots for urban settings. The company has these standards: Requirements 1. Compute the direct material price variance and the direct material quantity variance. 2. Who is generally responsible for each variance? 3. Interpret the variances. Direct materials (resin): 10 pounds per pot at a cost of $4.00 per pound Direct labor: 3.0 hours at a cost of $14.00 per hour Standard variable manufacturing overhead rate: $5.00 per direct labor hour Budgeted fixed manufacturing...
FlowerMate is a manufacturer of large flower pots for urban settings. The company has these standards: Direct materials (resin) - 15 pounds per pot at a cost of $6.00 Direct labor - 2.0 hours at a cost of $16.00 per hour Standard variable manufacturing overhead rate - $7.00 per direct labor hour Budgeted fixed manufacturing overhead - $20,600 Standard fixed MOH rate - $6.00 per direct labor hour (DLH) FlowerMateFlowerMate allocated fixed manufacturing overhead to production based on standard direct...
Ceramics Etc. is a manufacturer of large flower pots for urban settings. The company has these standards: REQUIREMENTS: 1. Compute the direct labor rate variance and the direct labor efficiency variance. 2. What is the total variance for direct labor? 3. Who is generally responsible for each variance? 4. Interpret the variances. STARNDARD PRICE AND VOLUME Direct materials (resin). . . . . . . . . . . . . . . . . . . . . ....
CenterWare is a manufacturer of large flower pots for urban settings. The company has these standards: Direct materials (resin) - 8 pounds per pot at a cost of $5.00 per pound Direct labor - 3.0 hours at a cost of $14.00 per hour Standard variable manufacturing overhead rate - $5.00 per direct labor hour Budgeted fixed manufacturing overhead -$17,600 Standard fixed MOH rate - $6.00 per direct labor hour (DLH) CenterWare allocated fixed manufacturing overhead to production based on standard...
Ceramics Etc is a manufacturer of large flower pots for urban settings The company has these standards (Click the icon to view the standards ) Click the icon to view the actual results) Read the Requirement 1. Compute the direct laborate variance and the direct labor efficiency variance Enter the variances as positive numbers Enter the currency amounts in the formulas to the nearest cent, then round the final variance amounts to the nearest whole dollar Label the variance as...
The following data for a pottery company pertain to the production of 2,000 clay pots during July. Direct Materials (all materials purchased were used): Standard cost: $6.00 per kilogram of clay Total actual cost: $11,200 Standard cost allowed for units produced was $12,000 Materials efficiency variance was $240 unfavourable Direct Manufacturing Labour: Standard cost is 2 pots per hour at $24.00 per hour Actual cost per hour was $24.50 Actual labour was 972 hours What is the total direct materials...
The following data for a pottery company pertain to the production of 2,000 clay pots during July. Direct Materials (all materials purchased were used) Standard cost: $6.00 per kilogram of clay Total actual cost: $11,200 Standard cost allowed for units produced was $12,000 Materials efficiency variance was $240 unfavourable Direct Manufacturing Labour: Standard cost is 2 pots per hour at $24.00 per hour Actual cost per hour was $24.50 Actual labour was 972 hours What is the direct manufacturing labour...
Ceramics Etc. is a manufacturer of large flower pots for urban settings. The company has these standards: i Standard Price and Volume Direct materials (resin) 12 pounds per pot at a cost of $3.00 per pound 2.0 hours at a cost of $15.00 per hour Direct labor Standard variable manufacturing overhead rate $3.00 per direct labor hour Budgeted fixed manufacturing overhead $27,400 $8.00 per direct labor hour (DLH) Standard fixed MOH rate - X Actual Results Ceramics Etc. allocated fixed...