Overhead Rates :-
Scheduling and travel = $97,500/1500= $65 per hour of travel
Setup time = $110500/650= $170 per setup
Supervision = $60000/($140000+$260000)= 0.15 of labour cost
Commercial Residential
Scheduling and travel $52000 ($65*800 hours) $ 45500 ($65*700 hours)
Setup time $68000 ($170* 400 setup) $ 42500 ($170*250 setup)
Supervision $21000 ($0.15*$140000) $39000 ($0.15*$260000)
Total cost assigned $141000 $ 127000
please help and show work Venus Creations sells window treatments (shades, blinds, and awnings) to...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Revenues Direct materials costs Direct labor costs Overhead costs Operating income (loss) Commercial $331,000 $30,000 140,000 91,000 261,000 $70,000 Residential $456,000 $50,000 260,000 176,000 486,000 $(30,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $331,000 $456,000 Direct materials costs $30,000 $50,000 Direct labor costs 140,000 260,000 Overhead costs 91,000 261,000 176,000 486,000 Operating income (loss) $70,000 $(30,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $356,500 $536,000 Direct materials costs $35,000 $50,000 Direct labor costs 140,000 260,000 Overhead costs 91,500 266,500 251,000 561,000 Operating income (loss) $90,000 $(25,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Revenues Direct materials costs Direct labor costs Overhead costs Operating income (loss) Commercial $297,100 $30,400 104,000 93,100 227,500 $69,600 Residential $477,000 $50,500 289,500 151,000 491,000 $(14,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Revenues $319,300 Residential $472,500 $50,000 $45,000 120,000 280,000 Direct materials costs Direct labor costs Overhead costs Operating income (loss) 79,300 244,300 167,500 497,500 $75,000 $(25,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Exercise 17-14 al-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Revenues Direct materials costs Direct labor costs Overhead costs Operating income (loss) Commercial Residential $355,050 $425,000 $30,000 $50,000 150,000 250,000 85,050 265,050 145,000 445,000 $90,000 $(20,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that...
Exercise 17-14 al-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $302,500 $451,000 Direct materials costs $40,000 $50,000 Direct labor costs 110,000 290,000 Overhead costs 67,500 217,500 136,000 476,000 Operating income (loss) $85,000 $(25,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that...
Coronado Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $355,500 $519,000 Direct materials costs $30,000 $50,000 Direct labor costs 140,000 260.000 Overhead costs 100,500 270,500 239,000 549,000 Operating income (loss) $85.000 $(30.000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window...
Marigold Creations sells window treatments (shades, blinds, and
awnings) to both commercial and residential customers. The
following information relates to its budgeted operations for the
current year.
Commercial
Residential
Revenues
$356,500
$536,000
Direct materials costs
$35,000
$50,000
Direct labor costs
140,000
260,000
Overhead costs
91,500
266,500
251,000
561,000
Operating income (loss)
$90,000
$(25,000)
The controller, Peggy Kingman, is concerned about the residential
product line. She cannot understand why this line is not more
profitable given that the installations of window...
Exercise 17-14 a1-a2, b Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year. Commercial Residential Revenues $298,450 $497,000 Direct materials costs $35,000 $50,000 Direct labor costs 100,000 300,000 Overhead costs 88,450 223,450 177,000 527,000 Operating income (loss) $75,000 $(30,000) The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that...