Homework Answers
| Total Budgeted Fixed cost | 94200 | |||||
| Total Budgeted Cost | 366980 | |||||
| Total Budgeted variable cost | 272780 | |||||
| (366980-94200) | ||||||
| Budgeted variable cost per DLH = Budgeted Variable cost / Budgeted DLH | ||||||
| 272780 / 59300 units = 4.60 pr DLH | ||||||
| Total Budgeted cost at 75000 DLH: | ||||||
| Variable cost (75000*4.60) | 345000 | |||||
| Fixed cost | 94200 | |||||
| Total Budgeted cost at 75000 DLH: | 439200 | |||||
| Answer is $ 439,200 | ||||||
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*Do It! Review 22-2 In Pargo Company's flexible budget graph, the fixed cost line and the...
FULL SCREEN PRINTER VERSION BACK Your answer is partially correct. Try again. Myers Company uses a...
FULL SCREEN PRINTER VERSION BACK Your answer is partially correct. Try again. 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 $1.40 0.70 0.20 Fixed overhead costs per month are Supervision $3,700, Depreciation $1,100, and Property Taxes $600. The company believes it will normally operate in a range of 7,400 - 10,400 direct labor hours per month Prepare a...
pt.b *Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor $248,0...
pt.b
*Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor $248,000, direct materials used $188,000, total manufacturing overhead $253,000, and beginning work in process $36,000. *(a) Your answer is correct. Compute total manufacturing costs. Total manufacturing costs $1689,000 Attempts: 2 of 3 used *(b) Your answer is incorrect. Try again. Compute total cost of work in process. Total cost of work in process o 472,000 Attempts: 1 of 3 used Copyright © 2000-2019 by...
Question 4 (1 point) At zero direct labor hours in a flexible budget graph, the total...
Question 4 (1 point) At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $30,000. At 15,000 direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $90,000. Fixed and variable costs may be expressed as: O a) $30,000 fixed plus $4 per direct labor hour variable. Ob) $60,000 fixed plus $4 per direct labor hour variable. Oc) $60,000 fixed plus $2...
Problem 2-4A (Video) (Part Level Submission) Agassi Company uses a job order cost system in each...
Problem 2-4A (Video) (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department, and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Departme Do Review - Manufacturing overhead Direct labor costs Direct labor hours Machine hours $1,170,000 $1,462,500...
Exercise 24-5 Your answer is partially correct. Try again. Fallon Company uses flexible budgets to control...
Exercise 24-5 Your answer is partially correct. Try again. Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $167,000 to $201,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,800, depreciation on delivery equipment $7,000, and Insurance on delivery equipment $1,800. Prepare a monthly flexible budget for each $11,600 increment of sales within...
can someone help me with 7 please planned results Company's external financial statements ly done orally...
can
someone help me with 7 please
planned results Company's external financial statements ly done orally in departmental meetings appears on periodic budget reports. 6 If costs are not responsive to changes in activity level, then these costs can be best described as mixed b. flexible. c. variable. d. fixed. A department has budgeted monthly manufacturing overhead cost of $540,000 plus $3 per direct labor hour. If a flexible budget report reflects $1,044,000 for total budgeted manufacturing Eost for the...
Exercise 16-24 (Static) Flexible Budget (LO 16-2) Use the given data shown in the graph. Required:...
Exercise 16-24 (Static) Flexible Budget (LO 16-2)
Use the given data shown in the graph.
Required:
a. What is the budgeted fixed cost per
period?
b. What is the budgeted variable cost per
unit?
c. What is the value of F (that is,
the flexible budget for an activity level of 8,000 units)?
d. What is the flexible budget cost amount if
the actual activity had been 16,000 units?
a.
Budgeted fixed cost
b.
Budgeted variable cost
per unit
c....
Exercise 16-24 (Static) Flexible Budget (LO 16-2) Use the given data shown in the graph. Required:...
Exercise 16-24 (Static) Flexible Budget (LO 16-2)
Use the given data shown in the graph.
Required:
a. What is the budgeted fixed cost per
period?
b. What is the budgeted variable cost per
unit?
c. What is the value of F (that is,
the flexible budget for an activity level of 8,000 units)?
d. What is the flexible budget cost amount if
the actual activity had been 16,000 units?
a.
Budgeted fixed cost
b.
Budgeted variable cost
per unit
c....
please show steps Exercise 10-9 Your answer is partially correct. Try again. An incomplete cost of goods manufactur...
please show steps
Exercise 10-9 Your answer is partially correct. Try again. An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Indigo Company. INDIGO COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) $219,710 Direct materials Raw materials inventory (1/1) 219710 Add: Raw materlals purchases 164,750 159,990 Total raw materials available for use 23,370 Less: Raw materials inventory (12/31) Direct materials used $183,360...
Standard Cost and Flexible Budget. Brier Company produces car covers. The company's master budget shows the...
Standard Cost and Flexible Budget. Brier Company produces car covers. The company's master budget shows the following standards information. Expected production for September 5,000 units 29. Direct materials 8 yards per unit at $5 per yard Direct labor 3 hours per unit at $16 per hour Variable manufacturing overhead Required: a. Caleulate the standard cost per unit for direct materials, direct labor, and variable manufacturing overhead using the format shown in Figure 10.1. 3 direct labor hours per unit at...
FULL SCREEN PRINTER VERSION BACK Your answer is partially correct. Try again. 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 $1.40 0.70 0.20 Fixed overhead costs per month are Supervision $3,700, Depreciation $1,100, and Property Taxes $600. The company believes it will normally operate in a range of 7,400 - 10,400 direct labor hours per month Prepare a...
pt.b
*Brief Exercise 19-07 a-b (Part Level Submission) Coronado Company has the following data: direct labor $248,000, direct materials used $188,000, total manufacturing overhead $253,000, and beginning work in process $36,000. *(a) Your answer is correct. Compute total manufacturing costs. Total manufacturing costs $1689,000 Attempts: 2 of 3 used *(b) Your answer is incorrect. Try again. Compute total cost of work in process. Total cost of work in process o 472,000 Attempts: 1 of 3 used Copyright © 2000-2019 by...
Question 4 (1 point) At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $30,000. At 15,000 direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $90,000. Fixed and variable costs may be expressed as: O a) $30,000 fixed plus $4 per direct labor hour variable. Ob) $60,000 fixed plus $4 per direct labor hour variable. Oc) $60,000 fixed plus $2...
Problem 2-4A (Video) (Part Level Submission) Agassi Company uses a job order cost system in each of its three manufacturing departments Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department, and machine hours in Department K. In establishing the predetermined overhead rates for 2020, the following estimates were made for the year. Departme Do Review - Manufacturing overhead Direct labor costs Direct labor hours Machine hours $1,170,000 $1,462,500...
Exercise 24-5 Your answer is partially correct. Try again. Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to range from $167,000 to $201,800. Variable costs and their percentage relationship to sales are sales commissions 7%, advertising 4%, traveling 4%, and delivery 2%. Fixed selling expenses will consist of sales salaries $34,800, depreciation on delivery equipment $7,000, and Insurance on delivery equipment $1,800. Prepare a monthly flexible budget for each $11,600 increment of sales within...
can
someone help me with 7 please
planned results Company's external financial statements ly done orally in departmental meetings appears on periodic budget reports. 6 If costs are not responsive to changes in activity level, then these costs can be best described as mixed b. flexible. c. variable. d. fixed. A department has budgeted monthly manufacturing overhead cost of $540,000 plus $3 per direct labor hour. If a flexible budget report reflects $1,044,000 for total budgeted manufacturing Eost for the...
Exercise 16-24 (Static) Flexible Budget (LO 16-2)
Use the given data shown in the graph.
Required:
a. What is the budgeted fixed cost per
period?
b. What is the budgeted variable cost per
unit?
c. What is the value of F (that is,
the flexible budget for an activity level of 8,000 units)?
d. What is the flexible budget cost amount if
the actual activity had been 16,000 units?
a.
Budgeted fixed cost
b.
Budgeted variable cost
per unit
c....
Exercise 16-24 (Static) Flexible Budget (LO 16-2)
Use the given data shown in the graph.
Required:
a. What is the budgeted fixed cost per
period?
b. What is the budgeted variable cost per
unit?
c. What is the value of F (that is,
the flexible budget for an activity level of 8,000 units)?
d. What is the flexible budget cost amount if
the actual activity had been 16,000 units?
a.
Budgeted fixed cost
b.
Budgeted variable cost
per unit
c....
please show steps
Exercise 10-9 Your answer is partially correct. Try again. An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Indigo Company. INDIGO COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) $219,710 Direct materials Raw materials inventory (1/1) 219710 Add: Raw materlals purchases 164,750 159,990 Total raw materials available for use 23,370 Less: Raw materials inventory (12/31) Direct materials used $183,360...
Standard Cost and Flexible Budget. Brier Company produces car covers. The company's master budget shows the following standards information. Expected production for September 5,000 units 29. Direct materials 8 yards per unit at $5 per yard Direct labor 3 hours per unit at $16 per hour Variable manufacturing overhead Required: a. Caleulate the standard cost per unit for direct materials, direct labor, and variable manufacturing overhead using the format shown in Figure 10.1. 3 direct labor hours per unit at...
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