Homework Answers
24. Total manufacturing overheads = $420000
Estimated machine hours = 50000 hrs.
Predetermined overhead rate per machine hour = $420000/50000 = $8.40
Level of activity in flexible budget = 60000 hrs
Manufacturing overheads = 60000 x $8.40 = $504000
(c) $504000
25. (b) Efficiency of operations at the actual level of output
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What is the sales price variance? (a) $350,000 U. (b) $250,000 F (c) $350,000 F (d)...
TOUT JPALL 2019 The master budget of Hamilton Plastics shows that the planned activity level for...
TOUT JPALL 2019 The master budget of Hamilton Plastics shows that the planned activity level for next year is expected to be 50,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720,000 Machine supplies 180,000 Indirect materials 210,000 Depreciation on factory building 150.000 Total manufacturing overhead $1.260,000 For a flexible budget, what are total manufacturing overhead costs for a level of activity of 60,000 machine hours? A) $1,482,000. B) $1,512,000. C) $1,362,000....
Question 2 (1 point) The master budget of Windy Co. shows that the planned activity level...
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Problem 10-2A-b, d (Part Level Submission) (Video) Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has inted a budgetary control system for 2020. The following data were used in developing the master manufacturing overhead budget for the long Department, which is based on an activity index of direct labor hours BACK NEXT Rate per Direct Labor Hour Variable costs Indirect labor Indirect materials Factory utilities Factory repairs 0.51 0.32 0.24...
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Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 26 setups and 26,000 machine hours to manufacture 6,500 units for the year. Selected data for 2019 follow Budgeted fixed factory overhead: $ 54,600 178,000 Setup cost Other $232,600 $481,000 Total factory overhead cost incurred Variable factory overhead rate: $ 400 $6.00 30,000 34,500 Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number...
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8-38 Overhead variance, missing information. Consider the following two situations—cases A and B independently. Data refer to operations for April 2017. For each situation, assume standard costing. Also assume the use of a flexible budget for control of variable and fixed manufacturing overhead based on machine-hours. Cases A B (1) Fixed manufacturing overhead incurred $ 84,920 $23,180 (2) Variable manufacturing overhead incurred $120,400 (3) Denominator level in machine-hours 1,000 (4) Standard machine-hours allowed for actual output achieved 6,200 (5) Fixed...
Problem 10-2A-b, d (Part Level Submission) (Video) Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has inted a budgetary control system for 2020. The following data were used in developing the master manufacturing overhead budget for the long Department, which is based on an activity index of direct labor hours BACK NEXT Rate per Direct Labor Hour Variable costs Indirect labor Indirect materials Factory utilities Factory repairs 0.51 0.32 0.24...
CIIULIU 8-35 Comprehensive variance analysis. Chef Whiz manufactures premium food processors. The follow- ing are some manufacturing overhead data for Chef Whiz for the year ended December 31, 2017: Manufacturing Overhead Variable Fixed Actual Results $ 51,480 350,210 Flexible Budget $ 79,950 343,980 Allocated Amount $ 79,950 380,250 Budgeted number of output units: 588 Planned allocation rate: 3 machine-hours per unit Actual number of machine-hours used: 1,170 Static-budget variable manufacturing overhead costs: $72,324 Compute the following quantities (you should be...
Problem 24-2A (Part Level Submission) Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2017. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. Rate per Direct Labor Hour Variable costs Indirect labor Indirect materials Factory utilities Factory repairs Annual Fixed Costs $41,040 16,200 13,320 30,960...
Alden Company uses a three-variance analysis for factory overhead variances. Practical capacity is defined as 26 setups and 26,000 machine hours to manufacture 6,500 units for the year. Selected data for 2019 follow Budgeted fixed factory overhead: $ 54,600 178,000 Setup cost Other $232,600 $481,000 Total factory overhead cost incurred Variable factory overhead rate: $ 400 $6.00 30,000 34,500 Per setup Per machine hour Total standard machine hours allowed for the units manufactured Machine hours actually worked Actual total number...
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