Vaughn Manufacturing produced 280000 units in 132000 direct labor hours. Production for the period was estimated...
Vaughn Manufacturing produced 280000 units in 132000 direct labor hours. Production for the period was estimated at 294000 units and 141000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at
141000 hours and 132000 hours.
132000 hours and 132000 hours.
146000 hours and 141000 hours.
146000 hours and 132000 hours.
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Vaughn Manufacturing produced 280000 units in 132000 direct
labor hours. Production for the period was estimated...
Dephart produces exholters. Variable is applied based on direct labor hours. Dephart expects production for the...
Dephart produces exholters. Variable is applied based on direct labor hours. Dephart expects production for the coming period to be 4560 units. At that level of activity, variable overhead is expected to be $9120. It should take 2 direct labor hours to produce 1 exholter. Actual results are as follows: Number of exholters produced: 5700 Actual direct labor hours: 13680 Actual variable overhead cost: $10944 1. Complete the following standard cost sheet: Quantity @ Price Total Direct materials 7 pieces...
Better Fitness Gear applies overhead on the basis of direct labor hours. Five direct labor hours ...
Better Fitness Gear applies overhead on the basis of direct labor hours. Five direct labor hours are required for each unit produced. Planned production for the period was set at 8,000 units. Budgeted fixed manufacturing overhead for the period is budgeted at $20,000 and variable manufacturing overhead is budgeted at $100,000. The 48,500 hours worked during the period resulted in production of 9,500 units. Actual manufacturing overhead cost incurred was $156,000. Required: Calculate the three overhead variances: a. Total Spending...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of S150 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor hours during the period, Assume that Job X used 20 direct labor-hours. How much manufacturing overhead would be...
Connor Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per...
Connor Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché case are $46, 58, and $14, respectively. The president is pleased with the following performance report: (Click the icon to view the performance report.) Actual output was 9,400 attaché cases. Assume all three direct-cost items above are variable costs. Requirement Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget. Prepare a revised performance...
Harvin Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per...
Harvin Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché case are $37, $9, and $13, respectively. The president is pleased with the following performance report: Actual Costs Static Budget Variance Direct materials 373,000 $ 407,000 $ 34,000 F Direct manufacturing labor 97,200 99,000 1,800 F. Direct marketing (distribution) labor 133,000 143,000 10,000 F Actual output was 9,800 attaché cases. Assume all three direct-cost items above are variable costs. Requirement 1. Is the...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor-hours during the period. Assume that Job X used 30 direct labor-hours. How much manufacturing overhead would be applied...
Wicks company has established a flexible budget for manufacturing overhead based on direct labor-hours. Budgeted costs...
Wicks company has established a flexible budget for manufacturing
overhead based on direct labor-hours. Budgeted costs at 100,000
direct labor hours are given below.
based on direct labor-hours. Budgeted costs at 100,000 direct labor hours are given below. Fl -(10 pts) Wicks Company has established a flexible budget for manufacturing overhead Fill in the estimated costs for 110,000 direct labor hours. 100,000 Flux 110,000 Budgct $ 29,000 99,000 Variable Costs: Packing supplies Indirect labor $70,000 90,000 160,000 76000 Total variable...
16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of...
16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of $1,150,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: Actual manufacturing overhead Allocated manufacturing overhead $700,000 $325.000 What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) A) 172,234 hours B) 240,084 hours 282,857 hours D) 146,087 hours...
In October, Sunland Company reports 20,400 actual direct labor hours, and it incurs $181,600 of manufacturing...
In October, Sunland Company reports 20,400 actual direct labor hours, and it incurs $181,600 of manufacturing overhead costs. Standard hours allowed for the work done is 22,700 hours. The predetermined overhead rate is $8.15 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $6.65 variable per direct labor hour and $50,750 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor hours. Overhead Volume Variance $
In October, Pine Company reports 21,200 actual direct labor hours, and it incurs $233,000 of manufacturing...
In October, Pine Company reports 21,200 actual direct labor hours, and it incurs $233,000 of manufacturing overhead costs. Standard hours allowed for the work done is 23,300 hours. The predetermined overhead rate is $10.25 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $8.65 variable per direct labor hour and $50,000 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor hours. overhead volume variance:
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of S150 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor hours during the period, Assume that Job X used 20 direct labor-hours. How much manufacturing overhead would be...
Connor Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché case are $46, 58, and $14, respectively. The president is pleased with the following performance report: (Click the icon to view the performance report.) Actual output was 9,400 attaché cases. Assume all three direct-cost items above are variable costs. Requirement Is the president's pleasure justified? Prepare a revised performance report that uses a flexible budget and a static budget. Prepare a revised performance...
Harvin Company's budgeted prices for direct materials, direct manufacturing labor, and direct marketing (distribution) labor per attaché case are $37, $9, and $13, respectively. The president is pleased with the following performance report: Actual Costs Static Budget Variance Direct materials 373,000 $ 407,000 $ 34,000 F Direct manufacturing labor 97,200 99,000 1,800 F. Direct marketing (distribution) labor 133,000 143,000 10,000 F Actual output was 9,800 attaché cases. Assume all three direct-cost items above are variable costs. Requirement 1. Is the...
At the beginning of the year, a company estimated that 20,000 direct labor-hours would be required for the period's estimated level of production. The company also estimated $140,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.50 per direct labor-hour. The company incurred actual manufacturing overhead costs of $180,000 and it actually worked 20,000 direct labor-hours during the period. Assume that Job X used 30 direct labor-hours. How much manufacturing overhead would be applied...
Wicks company has established a flexible budget for manufacturing
overhead based on direct labor-hours. Budgeted costs at 100,000
direct labor hours are given below.
based on direct labor-hours. Budgeted costs at 100,000 direct labor hours are given below. Fl -(10 pts) Wicks Company has established a flexible budget for manufacturing overhead Fill in the estimated costs for 110,000 direct labor hours. 100,000 Flux 110,000 Budgct $ 29,000 99,000 Variable Costs: Packing supplies Indirect labor $70,000 90,000 160,000 76000 Total variable...
16) Davie, Inc. used estimated direct labor hours of 200,000 and estimated manufacturing overhead costs of $1,150,000 in establishing its predetermined overhead allocation rate for the year. Actual results showed the following: Actual manufacturing overhead Allocated manufacturing overhead $700,000 $325.000 What was the number of direct labor hours worked during the year? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.) A) 172,234 hours B) 240,084 hours 282,857 hours D) 146,087 hours...
In October, Sunland Company reports 20,400 actual direct labor hours, and it incurs $181,600 of manufacturing overhead costs. Standard hours allowed for the work done is 22,700 hours. The predetermined overhead rate is $8.15 per direct labor hour. In addition, the flexible manufacturing overhead budget shows that budgeted costs are $6.65 variable per direct labor hour and $50,750 fixed. Compute the overhead volume variance. Normal capacity was 25,000 direct labor hours. Overhead Volume Variance $
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