Crane Companybudgeted manufacturing costs for 30000 tons of steel are: Fixed manufacturing costs $50000 per month...
Crane Companybudgeted manufacturing costs for 30000 tons of
steel are:
| Fixed manufacturing costs | $50000 per month |
| Variable manufacturing costs | $12 per ton of steel |
Craneproduced 20000 tons of steel during March. How much is the
flexible budget for total manufacturing costs for March?
$410000
$240000
$290000
$280000
Homework Answers
Budgeted manufacturing costs for 30000 tons of steel are:
| Fixed manufacturing costs | $50000 per month |
| Variable manufacturing costs | $12 per ton of steel |
Actual production for March = 20000 tons
Flexible budget for total manufacturing costs for March = Variable manufacturing cost per ton x Actual production for March + Fixed manufacturing costs
= 12 x 20,000 + 50,000
= 240,000 + 50,000
= $290,000
Third option is correct.
Kindly give a positive rating if you are satisfied with the answer. Feel free to ask if you have any doubt. Thanks.
Add Answer to:
Crane Companybudgeted manufacturing costs for 30000 tons of
steel are:
Fixed manufacturing costs
$50000 per month...
Vaughn Manufacturing’s budgeted manufacturing costs for 40000 squares of shingles are: Fixed manufacturing costs $12000 Variable...
Vaughn Manufacturing’s budgeted manufacturing costs for 40000 squares of shingles are: Fixed manufacturing costs $12000 Variable manufacturing costs $16 per square Vaughnproduced 30000 squares of shingles during March. How much are budgeted total manufacturing costs in March? $640000 $492000 $652000 $480000
Oriole Company budgeted costs for 55000 linear feet of block are: Fixed manufacturing costs $24000 per...
Oriole Company budgeted costs for 55000 linear feet of block are: Fixed manufacturing costs $24000 per month Variable manufacturing costs $16 per linear foot Oriole installed 40000 linear feet of block during March. How much is budgeted total manufacturing costs in March? $904000 $640000 $880000 $664000
3. Vanguard sells specialized steel at a price of $450 per ton. Plant capacity is 10,000...
3. Vanguard sells specialized steel at a price of $450 per ton. Plant capacity is 10,000 tons year and fixed costs are $1.500,000 per year. Average variable costs per ton (assumed to be constant) are as follows Direct labor Direct materials Variable manufacturing overhead Variable selling expense $100 90 40 20 How many tons of steel would it need to sell in order to make a profit of $400,000 per year? (12)
Question 45 Bramble Corp. budgeted costs for 65000 linear feet of block are: Fixed manufacturing costs...
Question 45 Bramble Corp. budgeted costs for 65000 linear feet of block are: Fixed manufacturing costs $24000 per month Variable manufacturing costs $16 per linear foot Bramble installed 55000 linear feet of block during March. How much is budgeted total manufacturing costs in March? $1040000 $1064000 $904000 $880000
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 $1.10 Indirec...
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 $1.10 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4100, Depreciation $2000, and Property Taxes $500. The company believes it will normally operate in a range of 7100-12800 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
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
$1.00
Indirect materials
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $4,200, Depreciation
$1,800, and Property Taxes $600. The company believes it will
normally operate in a range of 7,000–13,000 direct labor hours per
month.
Assume that in July 2017, Myers Company incurs the following
manufacturing overhead costs.
Variable Costs
Fixed...
At the break-even point of 2000 units, variable costs are $50000, and fixed costs are $35000....
At the break-even point of 2000 units, variable costs are $50000, and fixed costs are $35000. How much is the selling price per unit? $25.00 $17.50 $42.50 $7.50
Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...
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 $1.30 0.70 0.40 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,000, and Property Taxes $700. The company believes it will normally operate in a range of 6,300-11,100 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month...
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour S 5.50 Direct materials Direct labor Supplies S 0.20 S 0.25 S 1,900 $14,800 $ 11,900 For example, utilities should be $1,900 per month plus $0.25 per machine-hour. The company expects to work 4,400 machine-hours in June. Note that the company's direct labor is a fixed cost Required: Complete the company's planning budget for manufacturing costs for June. Wyckam Manufacturing Inc....
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month...
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour $5.70 Direct materials Direct labor Supplies Utilities Depreciation Insurance $42,600 $ 0.20 $ 0.10 $ 1,300 $15,400 $11,600 For example, utilities should be $1,300 per month plus $0.10 per machine-hour. The company expects to wo 4,200 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Complete the company's planning budget for manufacturing costs for June. Wyckam...
3. Vanguard sells specialized steel at a price of $450 per ton. Plant capacity is 10,000 tons year and fixed costs are $1.500,000 per year. Average variable costs per ton (assumed to be constant) are as follows Direct labor Direct materials Variable manufacturing overhead Variable selling expense $100 90 40 20 How many tons of steel would it need to sell in order to make a profit of $400,000 per year? (12)
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 $1.10 Indirect materials 0.70 Utilities 0.40 Fixed overhead costs per month are Supervision $4100, Depreciation $2000, and Property Taxes $500. The company believes it will normally operate in a range of 7100-12800 direct labor hours per month. Assume that in July 2017, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
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
$1.00
Indirect materials
0.70
Utilities
0.40
Fixed overhead costs per month are Supervision $4,200, Depreciation
$1,800, and Property Taxes $600. The company believes it will
normally operate in a range of 7,000–13,000 direct labor hours per
month.
Assume that in July 2017, Myers Company incurs the following
manufacturing overhead costs.
Variable Costs
Fixed...
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 $1.30 0.70 0.40 Fixed overhead costs per month are Supervision $4,500, Depreciation $1,000, and Property Taxes $700. The company believes it will normally operate in a range of 6,300-11,100 direct labor hours per month. Assume that in July 2020, Myers Company incurs the following manufacturing overhead costs. Variable Costs Fixed...
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour S 5.50 Direct materials Direct labor Supplies S 0.20 S 0.25 S 1,900 $14,800 $ 11,900 For example, utilities should be $1,900 per month plus $0.25 per machine-hour. The company expects to work 4,400 machine-hours in June. Note that the company's direct labor is a fixed cost Required: Complete the company's planning budget for manufacturing costs for June. Wyckam Manufacturing Inc....
Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs: Fixed Cost per Month Cost per Machine-Hour $5.70 Direct materials Direct labor Supplies Utilities Depreciation Insurance $42,600 $ 0.20 $ 0.10 $ 1,300 $15,400 $11,600 For example, utilities should be $1,300 per month plus $0.10 per machine-hour. The company expects to wo 4,200 machine-hours in June. Note that the company's direct labor is a fixed cost. Required: Complete the company's planning budget for manufacturing costs for June. Wyckam...
Most questions answered within 3 hours.
-
The x component of the velocity of an object vibrating
along the x-axis obeys the equation...
asked 1 hour ago -
A junction box contains two trade size 2 raceways on the left
side, and two trade...
asked 1 hour ago -
Atmospheric Mass
Venus and Earth have about the same mass and radius, but the
atmospheric pressure...
asked 2 hours ago -
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 3 hours ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 4 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 6 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 7 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 7 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 9 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 9 hours ago -
5. Problem 11.05 (Discounted Payback)
eBook
Project L costs $60,000, its expected cash inflows are $14,000
per...
asked 9 hours ago -
1. Which of the following is true about politics and health
organizations?
A. Health organizations are...
asked 10 hours ago