Problem T4-11 Water Movers, Inc. is known throughout the world
for its H2O-X high-capacity water pump, used in irrigation systems.
The company uses a standard costing system, and the pump’s standard
cost is as follows. The company’s predetermined fixed overhead rate
is based on an expected capacity of 100,000 direct labor hours per
month.
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Problem T4-11 Water Movers, Inc. is known throughout the world
for its H2O-X high-capacity water pump,...
Water Movers, Inc. is known throughout the world for its H2O-X high-capacity water pump, used in...
Water Movers, Inc. is known throughout the world for its H2O-X
high-capacity water pump, used in irrigation systems. The pump’s
standard cost is as follows. The company’s predetermined fixed
overhead rate is based on an expected capacity of 100,000 direct
labor hours per month.
Direct materials Direct labor Variable overhead Fixed overhead Standard Price Standard Quantity Standard Cost $96 40 36 20 $192 $6 per pound $10 per DLH $9 per DLH $5 per DLH 16 pounds 4 DLH 4...
World Company expects to operate at 80% of its productive capacity of 68,750 units per month....
World Company expects to operate at 80% of its productive capacity of 68,750 units per month. At this planned level, the company expects to use 30,800 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.560 direct labor hours per unit. At the 80% capacity level, the total budgeted cost includes $73,920 fixed overhead cost and $397,320 variable overhead cost. In the current month, the company incurred $487,000 actual overhead and 27,800 actual...
World Company expects to operate at 90% of its productive capacity of 30,000 units per month....
World Company expects to operate at 90% of its productive capacity of 30,000 units per month. At this planned level, the company expects to use 10,800 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.400 direct labor hours per unit. At the 90% capacity level, the total budgeted cost includes $21,600 fixed overhead cost and $194,400 variable overhead cost. In the current month, the company incurred $120,700 actual overhead and 6,380 actual...
World Company expects to operate at 60% of its productive capacity of 32,000 units per month....
World Company expects to operate at 60% of its productive
capacity of 32,000 units per month. At this planned level, the
company expects to use 12,000 standard hours of direct labor.
Overhead is allocated to products using a predetermined standard
rate of 0.625 direct labor hours per unit. At the 60% capacity
level, the total budgeted cost includes $36,000 fixed overhead cost
and $120,000 variable overhead cost. In the current month, the
company incurred $116,000 actual overhead and 5,760 actual...
World Company expects to operate at 60% of its productive capacity of 28,000 units per month....
World Company expects to operate at 60% of its productive
capacity of 28,000 units per month. At this planned level, the
company expects to use 7,560 standard hours of direct labor.
Overhead is allocated to products using a predetermined standard
rate of 0.450 direct labor hour per unit. At the 60% capacity
level, the total budgeted cost includes $22,680 fixed overhead cost
and $60,480 variable overhead cost. In the current month, the
company incurred $63,920 actual overhead and 7,130 actual...
World Company expects to operate at 80 % of its productive capacity of 55,000 units per...
World Company expects to operate at 80 % of its productive capacity of 55,000 units per month. At this planned level, the company expects to use 23,100 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.525 direct labor hours per unit At the 80% capacity level, the total budgeted cost includes $60.060 fixed overhead cost and $267,960 variable overhead cost. In the current month, the company incurred $342,000 actual overhead and 20100...
World Company expects to operate at 70% of its productive capacity of 23,000 units per month....
World Company expects to operate at 70% of its productive capacity of 23,000 units per month. At this planned level, the company expects to use 12.075 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.750 direct labor hours per unit. At the 70% capacity level, the total budgeted cost includes $48,300 fixed overhead cost and $144.900 variable overhead cost. In the current month, the company incurred $197,750 actual overhead and 11,625 actual...
World Company expects to operate at 70% of its productive capacity of 23,000 units per month....
World Company expects to operate at 70% of its productive capacity of 23,000 units per month. At this planned level, the company expects to use 12,075 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.750 direct labor hours per unit. At the 70% capacity level, the total budgeted cost includes $48,300 fixed overhead cost and $144,900 variable overhead cost. In the current month, the company incurred $197,750 actual overhead and 11,625 actual...
World Company expects to operate at 80% of its productive capacity of 70,000 units per month....
World Company expects to operate at 80% of its productive capacity of 70,000 units per month. At this planned level, the company expects to use 25,200 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.450 direct labor hours per unit. At the 80% capacity level, the total budgeted cost includes $57,960 fixed overhead cost and $322,560 variable overhead cost. In the current month, the company incurred $386,000 actual overhead and 22,200 actual...
World Company expects to operate at 60% of its productive capacity of 19,000 units per month....
World Company expects to operate at 60% of its productive
capacity of 19,000 units per month. At this planned level, the
company expects to use 4,845 standard hours of direct labor.
Overhead is allocated to products using a predetermined standard
rate of 0.425 direct labor hour per unit. At the 60% capacity
level, the total budgeted cost includes $19,380 fixed overhead cost
and $92,055 variable overhead cost. In the current month, the
company incurred $87,020 actual overhead and 875 actual...
Water Movers, Inc. is known throughout the world for its H2O-X
high-capacity water pump, used in irrigation systems. The pump’s
standard cost is as follows. The company’s predetermined fixed
overhead rate is based on an expected capacity of 100,000 direct
labor hours per month.
Direct materials Direct labor Variable overhead Fixed overhead Standard Price Standard Quantity Standard Cost $96 40 36 20 $192 $6 per pound $10 per DLH $9 per DLH $5 per DLH 16 pounds 4 DLH 4...
World Company expects to operate at 90% of its productive capacity of 30,000 units per month. At this planned level, the company expects to use 10,800 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.400 direct labor hours per unit. At the 90% capacity level, the total budgeted cost includes $21,600 fixed overhead cost and $194,400 variable overhead cost. In the current month, the company incurred $120,700 actual overhead and 6,380 actual...
World Company expects to operate at 60% of its productive
capacity of 32,000 units per month. At this planned level, the
company expects to use 12,000 standard hours of direct labor.
Overhead is allocated to products using a predetermined standard
rate of 0.625 direct labor hours per unit. At the 60% capacity
level, the total budgeted cost includes $36,000 fixed overhead cost
and $120,000 variable overhead cost. In the current month, the
company incurred $116,000 actual overhead and 5,760 actual...
World Company expects to operate at 60% of its productive
capacity of 28,000 units per month. At this planned level, the
company expects to use 7,560 standard hours of direct labor.
Overhead is allocated to products using a predetermined standard
rate of 0.450 direct labor hour per unit. At the 60% capacity
level, the total budgeted cost includes $22,680 fixed overhead cost
and $60,480 variable overhead cost. In the current month, the
company incurred $63,920 actual overhead and 7,130 actual...
World Company expects to operate at 80 % of its productive capacity of 55,000 units per month. At this planned level, the company expects to use 23,100 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.525 direct labor hours per unit At the 80% capacity level, the total budgeted cost includes $60.060 fixed overhead cost and $267,960 variable overhead cost. In the current month, the company incurred $342,000 actual overhead and 20100...
World Company expects to operate at 70% of its productive capacity of 23,000 units per month. At this planned level, the company expects to use 12.075 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.750 direct labor hours per unit. At the 70% capacity level, the total budgeted cost includes $48,300 fixed overhead cost and $144.900 variable overhead cost. In the current month, the company incurred $197,750 actual overhead and 11,625 actual...
World Company expects to operate at 70% of its productive capacity of 23,000 units per month. At this planned level, the company expects to use 12,075 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.750 direct labor hours per unit. At the 70% capacity level, the total budgeted cost includes $48,300 fixed overhead cost and $144,900 variable overhead cost. In the current month, the company incurred $197,750 actual overhead and 11,625 actual...
World Company expects to operate at 80% of its productive capacity of 70,000 units per month. At this planned level, the company expects to use 25,200 standard hours of direct labor. Overhead is allocated to products using a predetermined standard rate of 0.450 direct labor hours per unit. At the 80% capacity level, the total budgeted cost includes $57,960 fixed overhead cost and $322,560 variable overhead cost. In the current month, the company incurred $386,000 actual overhead and 22,200 actual...
World Company expects to operate at 60% of its productive
capacity of 19,000 units per month. At this planned level, the
company expects to use 4,845 standard hours of direct labor.
Overhead is allocated to products using a predetermined standard
rate of 0.425 direct labor hour per unit. At the 60% capacity
level, the total budgeted cost includes $19,380 fixed overhead cost
and $92,055 variable overhead cost. In the current month, the
company incurred $87,020 actual overhead and 875 actual...
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