Answer- The budgeted total factory overhead for the Machining Department is =$892500.
Explanation- Budgeted factory overhead = Budgeted fixed overhead+ Budgeted variable overhead
= {(60000 units*85%*2.50 machine hours per unit)*$3.60 per machine hour} +$433500
= $459000+$433500
= $892500
The following budget data pertain to the Machining Department of Yolkenverst Co.: Maximum capacity Machine hours...
Walkenhorst Company’s machining department prepared its 2019 budget based on the following data: Practical capacity 40,000 units Standard machine hours per unit 2 Standard variable factory overhead $3.00 per machine hour Budgeted fixed factory overhead $ 296,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 86,300 machine hours and incurred $565,000 in total manufacturing overhead cost to manufacture 42,120 units. Actual fixed overhead cost for the year was $308,000. Required: Determine for...
Walkenhorst Company's machining department prepared its 2019 budget based on the following data: Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead 40,000 units 2 $3.00 per machine hour $352,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 87,000 machine hours and incurred $619,000 in total manufacturing overhead cost to manufacture 42,190 units. Actual fixed overhead cost for the year was $371,000. Required: Determine for the...
Walkenhorst Company’s machining department prepared its 2019 budget based on the following data: Practical capacity 40,000 units Standard machine hours per unit 2 Standard variable factory overhead $3.00 per machine hour Budgeted fixed factory overhead $ 376,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 85,200 machine hours and incurred $637,000 in total manufacturing overhead cost to manufacture 42,010 units. Actual fixed overhead cost for the year was $386,000. Required: Determine for...
Walkenhorst Company's machining department prepared its 2019 budget based on the following data: 40,000 units Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead $3.00 per machine hour $368,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 88,000 machine hours and incurred $636,000 in total manufacturing overhead cost to manufacture 43,000 units. Actual fixed overhead cost for the year was $380,000. Required: Determine for the year:...
Walkenhorst Company's machining department prepared its 2019 budget based on the following data: 40,000 units 2 Practical capacity Standard machine hours per unit Standard variable factory overhead Budgeted fixed factory overhead $3.00 per machine hour $424,000 The department uses machine hours to apply factory overhead to production. In 2019, the department used 85,800 machine hours and incurred $689,000 in total manufacturing overhead cost to manufacture 42,070 units. Actual fixed overhead cost for the year was $437,000. Required: Determine for the...
Garcia, Inc. uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: Machining Department Assembly Department Budgeted manufacturing overhead $ 4,000,000 $ 3,080,000 Actual...
Garcia, Inc. uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: Machining Assembly Department Department Budgeted manufacturing $4,000,000 $3,080,000 overhead Actual manufacturing overhead...
Garcia, Inc. uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: Machining Department Assembly Department Budgeted manufacturing overhead $ 4,000,000 $ 3,024,000 Actual...
Juarez, Inc. uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: Machining Department Assembly Department Budgeted manufacturing overhead $4,000,000 $3,136,000 Actual manufacturing overhead...
Juarez, Inc. uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily automated; in contrast, the Assembly Department performs a number of manual-assembly activities. The company applies manufacturing overhead using machine hours in the Machining Department and direct-labor cost in the Assembly Department. The following information relates to the year just ended: Machining Department Assembly Department Budgeted manufacturing overhead $4,000,000 $3,136,000 Actual manufacturing overhead...