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Exercise 24-8 (Part Level Submission) Rensing Groomers is in the dog-grooming business. Its operating costs are...
Problem 24-2A (Part Level Submission) Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past...
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...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials 551,200 $50,200 $1,000 Favorable Direct labor 57,500 54,200 3,400 Favorable Indirect materials 26,880 26,980 100 Unfavorable Indirect labor 19,200 18,740 460 Favorable Utilities 16,000 15,830 170 Favorable...
Exercise 11-6 (Part Level Submission) Flint Corporation manufactures a single product. Monthly production costs incurred in...
Exercise 11-6 (Part Level Submission)
Flint Corporation manufactures a single product. Monthly production
costs incurred in the manufacturing process are shown below for the
production of 4,100 units. The utilities and maintenance costs are
mixed costs. The fixed portions of these costs are $300 and $200,
respectively.
Production in Units
4,100
Production Costs
Direct materials
$10,660
Direct labor
32,800
Utilities
3,580
Property taxes
1,100
Indirect labor
6,970
Supervisory salaries
1,900
Maintenance
1,430
Depreciation
3,300
(a)
Identify the above costs as...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $51,240 $50,140 $1,100 Favorable Direct labor 59,780 56,580 3,200 Favorable Indirect materials 25,620 25,820 200 Unfavorable Indirect labor 21,960 21,560 400 Favorable Utilities 18,300 18,170 130 Favorable...
Exercise 9-10 (Part Level Submission) Lowell company makes and sells artistic frames for pictures. The controller...
Exercise 9-10 (Part Level Submission) Lowell company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2020 January Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour 10,400 $50.70 2.0 February 11,800 $48.40 2.0 57 March 8,700 $48.40 1.5 57 April ,300 $48.40 1.5 58 May ,300 $48.40 Lowell has a labor contract that calls for a wage...
Problem 14-3A (Part Level Submission) Sarasota Conmpany uses budgets in controlling costs. The August 20117 budget...
Problem 14-3A (Part Level Submission) Sarasota Conmpany uses budgets in controlling costs. The August 20117 budget report for the company's Assembling Department is as follows. SARASOTA COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials $53,680 $52,580 1,100 Favorable 59,780 3,300 Favorable Direct labar 56,480 Indirect materials 29,280 29,380 100 Unfavorable Indirrct labor 19,520 19,060 4G0 Favorable Utilities 15,250 15,140 110 Favorable 12,200 12,530 330 Unfavorable...
Exercise 5-6 (Part Level Submission) Sheridan Corporation manufactures a single product. Monthly production costs incurred in...
Exercise 5-6 (Part Level Submission)
Sheridan Corporation manufactures a single product. Monthly
production costs incurred in the manufacturing process are shown
below for the production of 3,600 units. The utilities and
maintenance costs are mixed costs. The fixed portions of these
costs are $326 and $217, respectively.
Production in Units
3,600
Production Costs
Direct materials
$8,145
Direct labor
25,488
Utilities
2,846
Property taxes
1,086
Indirect labor
4,887
Supervisory salaries
2,063
Maintenance
1,657
Depreciation
2,606
(b1) Your answer is correct Calculate...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The Augu...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing CostsBudget Actual Varlable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance $53,760 $52,760 $1,000 Favorable 61,440 58,340 3,100 Favorable 25,600 25,700 100 Unfavorable 19,200 18,730 470 Favorable 22,400 22,240 160 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follow RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual her Unfavorable Variable costs Direct materials $50,740 549,740 $1,000 Favorable Direct labor 54,280 51,480 2,800 Favorable Indirect materials 25,950 26,260 300 Unfavorable Indirect labor 22.420 21,940 480 Favorable Utilities 14,750 14,580 170 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation Total fixed Total costs $48,380 $47,280 $1,100 Favorable 57,820 54,520 3,300 Favorable...
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...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials 551,200 $50,200 $1,000 Favorable Direct labor 57,500 54,200 3,400 Favorable Indirect materials 26,880 26,980 100 Unfavorable Indirect labor 19,200 18,740 460 Favorable Utilities 16,000 15,830 170 Favorable...
Exercise 11-6 (Part Level Submission)
Flint Corporation manufactures a single product. Monthly production
costs incurred in the manufacturing process are shown below for the
production of 4,100 units. The utilities and maintenance costs are
mixed costs. The fixed portions of these costs are $300 and $200,
respectively.
Production in Units
4,100
Production Costs
Direct materials
$10,660
Direct labor
32,800
Utilities
3,580
Property taxes
1,100
Indirect labor
6,970
Supervisory salaries
1,900
Maintenance
1,430
Depreciation
3,300
(a)
Identify the above costs as...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual nor Unfavorable Variable costs Direct materials $51,240 $50,140 $1,100 Favorable Direct labor 59,780 56,580 3,200 Favorable Indirect materials 25,620 25,820 200 Unfavorable Indirect labor 21,960 21,560 400 Favorable Utilities 18,300 18,170 130 Favorable...
Exercise 9-10 (Part Level Submission) Lowell company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2020 January Estimated unit sales Sales price per unit Direct labor hours per unit Wage per direct labor hour 10,400 $50.70 2.0 February 11,800 $48.40 2.0 57 March 8,700 $48.40 1.5 57 April ,300 $48.40 1.5 58 May ,300 $48.40 Lowell has a labor contract that calls for a wage...
Problem 14-3A (Part Level Submission) Sarasota Conmpany uses budgets in controlling costs. The August 20117 budget report for the company's Assembling Department is as follows. SARASOTA COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials $53,680 $52,580 1,100 Favorable 59,780 3,300 Favorable Direct labar 56,480 Indirect materials 29,280 29,380 100 Unfavorable Indirrct labor 19,520 19,060 4G0 Favorable Utilities 15,250 15,140 110 Favorable 12,200 12,530 330 Unfavorable...
Exercise 5-6 (Part Level Submission)
Sheridan Corporation manufactures a single product. Monthly
production costs incurred in the manufacturing process are shown
below for the production of 3,600 units. The utilities and
maintenance costs are mixed costs. The fixed portions of these
costs are $326 and $217, respectively.
Production in Units
3,600
Production Costs
Direct materials
$8,145
Direct labor
25,488
Utilities
2,846
Property taxes
1,086
Indirect labor
4,887
Supervisory salaries
2,063
Maintenance
1,657
Depreciation
2,606
(b1) Your answer is correct Calculate...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing CostsBudget Actual Varlable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance $53,760 $52,760 $1,000 Favorable 61,440 58,340 3,100 Favorable 25,600 25,700 100 Unfavorable 19,200 18,730 470 Favorable 22,400 22,240 160 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follow RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable Manufacturing Costs Budget Actual her Unfavorable Variable costs Direct materials $50,740 549,740 $1,000 Favorable Direct labor 54,280 51,480 2,800 Favorable Indirect materials 25,950 26,260 300 Unfavorable Indirect labor 22.420 21,940 480 Favorable Utilities 14,750 14,580 170 Favorable...
Problem 22-3A (Part Level Submission) Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling Department is as follows. RATCHET COMPANY Budget Report Assembling Department For the Month Ended August 31, 2017 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Manufacturing Costs Budget Actual Variable costs Direct materials Direct labor Indirect materials Indirect labor Utilities Maintenance Total variable Fixed costs Rent Supervision Depreciation Total fixed Total costs $48,380 $47,280 $1,100 Favorable 57,820 54,520 3,300 Favorable...
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