15 )
The Budgeted Indirect Cost allocation rate for Department 1
Budgeted Overheads / Budgeted Machine Hours
=32000/8300=3.86 / machine hour
16)
The Budgeted Indirect Cost allocation rate for Department 2
Budgeted Overheads/ Budgeted Direct Labour Hours
=27500/5760
=4.77 / direct labour hour
Bob's Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted...
Bob's Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted allocation bases of 8,400 machine hours in Department 1 and 5,860 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $32,000 and $27,500, respectively. For Job 101, the actual costs incurred in the two departments were as follows: Department 2 $106,500 9,100 Department 1 Direct materials purchased on account $66,000 Direct materials used 12,500 Direct manufacturing labour 32,500...
Bob’s Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted allocation bases of 8,200 machine hours in Department 1 and 5,660 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $32,000 and $27,500, respectively. For Job 101, the actual costs incurred in the two departments were as follows: Department 1 Department 2 Direct materials purchased on account $66,000 $106,500 Direct materials used 12,500 9,100 Direct manufacturing labour 32,500...
Bob’s Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted allocation bases of 8,600 machine hours in Department 1 and 5,970 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $32,000 and $27,500, respectively. For Job 101, the actual costs incurred in the two departments were as follows: Department 1 Department 2 Direct materials purchased on account $66,000 $106,500 Direct materials used 12,500 9,100 Direct manufacturing labour 32,500...
Gurjinder Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted allocation bases of 80,000 machine hours in Department 1 and 50,000 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $248,000 and $320,000, respectively. For Job 101, the actual costs incurred in the two departments were as follows: Department 1 Department 2 Direct materials purchased on account $63,000 $87,000 Direct materials used 46,800 20,300 Direct manufacturing labour 55,800...
Question 7 Time: 10 minutes Total: 6 marks Bob's Electronics Inc. manufactures high-tech screens for computers. In June, the two production departments had budgeted allocation bases of 8,400 machine hours in Department 1 and 5,860 direct manufacturing labour hours in Department 2. The budgeted manufacturing overheads for the month were $32,000 and $27,500, respectively. For Job 101, the actual costs incurred in the two departments were as follows: Department 2 S106,500 9,100 32.200 Department 1 Direct materials purchased on account...
The Dougherty Furniture Company manufactures tables. In March, the two production departments had budgeted allocation bases of 5,000 machine-hours in Department 100 and 10,000 direct manufacturing labor-hours in Department 200. The budgeted manufacturing overheads for the month were $75,000 and $80,000, respectively. For Job A, the actual costs incurred in the two departments were as follows: Department 100 Department 200 Direct materials purchased on account $110,000 $177,500 Direct materials used 32,500 13,500 Direct manufacturing labor 52,500 53,500 Indirect manufacturing labor 8,000 9,000 Indirect materials used 1,500 1,750 Lease on...
Problem 2 (75 points) mit S. TIETOA The Dougherty Furniture Company manufactures tables. In March, the production department had budgeted allocation base (i.e, cost driver) of 4,000 machine-hours. The budgeted manufacturing overheads for the month were $57,500. The company uses a budgeted overhead rate for applying overhead to production For Job 100A, the actual costs incurred in the production department were as follows: Production Department $110,000 Raw materials purchased Direct materials used Indirect materials used Direct labor incurred Indirect labor...
oinpany has two production departments. A and B At the start of 2018, the following budgeted able: he start of 2018, the following budgeted cost information Overhead Department A $260,000 Department B $210,000 ving activity information is for X Company's only two jobs, I during the year: is for X Company's only two jobs. Job 11 and Job 22, both of which were started and Job 11 Job 22 Direct labor hours in Department A 1,646 660 Direct labor hours...
Question 3 Blue Ltd a manufacturing business with three production departments and one service department and has budgeted costs by department as follows: Dept Dept2 Depr3 Stores 320 480 200 Direct labour (£000) 240 280 240 Indirect labour (£000) 320 Production Requisition notes (000's) 120 160 40 Indirect materials (£000) 30,000 30,000 20,000 10,000 Area occupied (sqm) 20 70 10 Use of external maintenance (%) 40 The following additional information is available: • Total external maintenance costs will be £25,000...
QUESTION 2) Hannover Manufacturing Company has three service departments and three production departments. The company budgeted its manufacturing overhead (MOH) cost for the upcoming year of 2020 as follows: Service Departments Production Departments Factory Repair and Management Cafeteria Maintenance Cutting Molding Finishing 425,000 375,000 95,000 700,000 920,000 485,000 I. Allocation in USD). Space occupied (m²) Number of employees Maintenance hours 500 1,000 200 3,000 4,500 4,000 125 55 22 680 150 720 80 50 0 250 400 300 Machine hours...