GadgetGadget Whiz manufactures premium food processors. The following are some manufacturing overhead data for GadgetGadget Whiz...
GadgetGadget Whiz manufactures premium food processors. The following are some manufacturing overhead data for GadgetGadget Whiz for the year ended December 31, 20172017: LOADING... (Click the icon to view the overhead data.)
|
Manufacturing Overhead |
Actual Results |
Flexible Budget |
Allocated Amount |
|||
|
Variable |
$61,236 |
$75,816 |
$75,816 |
|||
|
Fixed |
350,225 |
345,744 |
376,310 |
|||
Budgeted number of output units: 882882
Planned allocation rate:
22
machine-hours per unit
Actual number of machine-hours used: 1 comma 4581,458
Static-budget variable manufacturing overhead costs: $ 68 comma 796
|
here are |
budgeted number of machine-hours planned. |
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GadgetGadget Whiz manufactures premium food processors. The
following are some manufacturing overhead data for GadgetGadget
Whiz...
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x Data Table Actual Results 966 Flexible Budget Static Budget 885 Allocated Amount 1,449 1,932 1,770 Output units Machine-hours Machine-hours per output unit Variable MOH costs Variable MOH costs per machine-hour Fixed MOH costs Fixed MOH costs per machine-hour 1.50 $ 68,103 $ 85,008 $ $ $ 350,235 $ 341,610 $ 2.00 77,880 $ 85,008 44.00 $ 376,400 193.00 Print Done Chef Whiz manufactures premium food processors. The following are some manufacturing overhead data for Chef Whiz for the year...
White Corporation manufactures football jerseys and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units Budgeted machine-hours Budgeted variable manufacturing overhead costs for 20,000 units 20,000 units 30,000 hours $360,000 Actual output units produced Actual machine-hours used Actual variable manufacturing overhead costs 18,000 units 28,000 hours $342.000 What is the flexible-budget amount for variable manufacturing overhead? $324,000 $342,000 $380,000 None of these answers is correct
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Lancelot Corporation manufactures tennis gear and uses budgeted machine - hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: Budgeted output units Budgeted machine - hours Budgeted variable manufacturing overhead costs for 3,000 units 3,000 units 15,000 hours $172,500 Actual output units produced Actual machine - hours used Actual variable manufacturing overhead costs 3,250 units 14,500 hours $230,000 What is the flexible - budget variance for variable manufacturing overhead? O A. $43,125 favorable...
Fresh, Inc., is a manufacturer of vacuums and uses standard costing, Manufacturing overhead (both variable and fixed) is allocated to products on the basis of budgeted machine-hours. In 2017, budgeted fixed manufacturing overhead cost was $18,000,000. Budgeted variable manufacturing overhead was $10 per machine-hour. The denominator level was 1,000,000 machine-hours. Read the requirements Requirement 1. Prepare a graph for fixed manufacturing overhead. The graph should display how Fresh, Inc.'s fixed manufacturing overhead costs will be depicted for the purposes of...
You have been assigned for reviewing the actual and budgeted figures of the variable manufacturing overhead of straight umbrellas at Ombrelloni Felici (OF). The management at OF argues there are no evident issues with the variable manufacturing overhead budget as the static-budget variance is often favourable, which proves the budgeting process works quite well. The management at OF also argues the employees at the production line of straight umbrellas are always highly efficient because of the consistently favourable efficiency variances....
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