The following information was taken from the annual manufacturing overhead cost budget of Waterway Industries. Variable...
The following information was taken from the annual
manufacturing overhead cost budget of Waterway
Industries.
| Variable manufacturing overhead costs | $52800 |
| Fixed manufacturing overhead costs | $26400 |
| Normal production level in labor hours | 22000 |
| Normal production level in units | 5500 |
| Standard labor hours per unit | 4 |
During the year, 5325 units were produced, 17240 hours were worked,
and the actual manufacturing overhead was $78600. Actual fixed
manufacturing overhead costs equaled budgeted fixed manufacturing
overhead costs. Overhead is applied on the basis of direct labor
hours. Waterway's volume overhead variance is
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The following information was taken from the annual
manufacturing overhead cost budget of Waterway
Industries.
Variable...
The following information was taken from the annual manufacturing overhead cost budget of Sunland Company Variable...
The following information was taken from the annual manufacturing overhead cost budget of Sunland Company Variable manufacturing overhead costs $46600 Fixed manufacturing overhead costs $27960 Normal production level in labor hours 23300 Normal production level in units Standard labor hours per unit 5825 4 During the year, 5650 units were produced, 18540 hours were worked, and the actual manufacturing overhead was $75600. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of...
ACC 321 BBAs#5 - Problem (chapter 8) The following information was taken from the annual manufacturing...
ACC 321 BBAs#5 - Problem (chapter 8) The following information was taken from the annual manufacturing overhead cost Budget of the Ferguson Company: Variable manufacturing overhead costs $33,000 Fixed manufacturing overhead costs $20,625 Normal production level in hours 16,500 Normal production level in units 4,125 During the year, 4,000 units were produced, 16.100 hours were worked, and the actual man- ufacturing overhead was $54,000. Actual fixed manufacturing overhead costs equaled bud- geted fixed manufacturing overhead costs. Overhead is applied on...
Mercuri Company has gathered the following information: Variable manufacturing overhead costs $13,680 Fixed manufacturing overhead costs...
Mercuri Company has gathered the following information:
Variable manufacturing overhead costs
$13,680
Fixed manufacturing overhead costs
$10,710
Normal production level in labour hours
9,000
Standard labour hours
9,500
During the year, 3,050 units were produced, 10,900 hours were
worked, and the actual manufacturing overhead was $21,800. Actual
fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Calculate the total, fixed, and variable predetermined overhead
rates.(Round answers to 2 decimal places, e.g.
15.25.)
Fixed predetermined ovehead rate
$...
Chubbs Inc's manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable...
Chubbs Inc's manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11300 Supervisory salaries $37,000 Indirect labor 10,800 Depreciation 6,000 Property taxes and insurance Utilities 7,200 7,400 Maintenance 5,900 Maintenance 5,000 Actual variable costs were indirect materials $14,600, indirect labor $9.400, utilities $9.600, and maintenance $5,100. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,700. The actual activity level equaled the budgeted level. All...
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs I...
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Indirect materials$11,200 Indirect labor10,600 Utilities7,000 Maintenance5,700 Fixed Costs Supervisory salaries$35,600 Depreciation7,000 Property taxes and insurance7,100 Maintenance5,500 Actual variable costs were indirect materials $14,500, indirect labor $9,600, utilities $9,400, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,200. The actual activity level equaled the budgeted level. (a) Prepare a manufacturing overhead flexible budget report for...
Sunland Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable...
Sunland Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,100 Supervisory salaries Indirect labor 10,700 Depreciation Utilities 7,800 Property taxes and insurance Maintenance 5,700 Maintenance $35,400 7,500 7,300 4,000 Actual variable costs were indirect materials $15, 100, indirect labor $9,500, utilities $9.600, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level....
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable...
Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,500 Supervisory salaries $36,900 Indirect labor 11,000 Depreciation 7,100 Utilities 7,500 Property taxes and insurance 8,000 Maintenance 5,900 Maintenance 5,000 Actual variable costs were indirect materials $14,500, indirect labor $9,200, utilities $9,100, and maintenance $5,300. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,800. The actual activity level equaled the budgeted level. All...
Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable...
Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11.800 Supervisory salaries $36,100 Indirect labor 10,800 Depreciation 6.200 Utilities 7,800 Property taxes and insurance 7,500 Maintenance 5.900 Maintenance 5,000 Actual variable costs were indirect materials $14,700, indirect labor $9.300, utilities $9.900, and maintenance $4,600. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,500. The actual activity level equaled the budgeted level. All...
Litchfield Industries gathered the following information for the month ended June 31: The static budget volume...
Litchfield Industries gathered the following information for the month ended June 31: The static budget volume is 5000 units: Overhead flexible budget: Number of units 8,000 9,000 10,000 Standard machine hours 8,800 9,900 11,000 Budgeted variable overhead costs: $26,400 $29,700 $33,000 Budgeted fixed overhead costs: $13,750 $13,750 $13,750 Actual production was 14,000 units. Actual overhead costs were $27,000 for variable costs and $38,000 for fixed costs. Actual machine hours worked were 17,000 hours. What is the standard variable overhead rate...
Exercise 10-10 (Video) Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following...
Exercise 10-10 (Video) Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,300 Supervisory salaries $37,000 Indirect labor 10,000 Depreciation 6,100 Utilities 7,200 Property taxes and insurance 7,300 Maintenance 5,500 Maintenance 4,200 Actual variable costs were indirect materials $14,600, indirect labor $9,400, utilities $9,200, and maintenance $4,800. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,200. The actual activity level equaled the...
The following information was taken from the annual manufacturing overhead cost budget of Sunland Company Variable manufacturing overhead costs $46600 Fixed manufacturing overhead costs $27960 Normal production level in labor hours 23300 Normal production level in units Standard labor hours per unit 5825 4 During the year, 5650 units were produced, 18540 hours were worked, and the actual manufacturing overhead was $75600. Actual fixed manufacturing overhead costs equaled budgeted fixed manufacturing overhead costs. Overhead is applied on the basis of...
ACC 321 BBAs#5 - Problem (chapter 8) The following information was taken from the annual manufacturing overhead cost Budget of the Ferguson Company: Variable manufacturing overhead costs $33,000 Fixed manufacturing overhead costs $20,625 Normal production level in hours 16,500 Normal production level in units 4,125 During the year, 4,000 units were produced, 16.100 hours were worked, and the actual man- ufacturing overhead was $54,000. Actual fixed manufacturing overhead costs equaled bud- geted fixed manufacturing overhead costs. Overhead is applied on...
Mercuri Company has gathered the following information:
Variable manufacturing overhead costs
$13,680
Fixed manufacturing overhead costs
$10,710
Normal production level in labour hours
9,000
Standard labour hours
9,500
During the year, 3,050 units were produced, 10,900 hours were
worked, and the actual manufacturing overhead was $21,800. Actual
fixed overhead totalled $10,800.
Mercuri applies overhead based on direct labour hours.
Calculate the total, fixed, and variable predetermined overhead
rates.(Round answers to 2 decimal places, e.g.
15.25.)
Fixed predetermined ovehead rate
$...
Chubbs Inc's manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11300 Supervisory salaries $37,000 Indirect labor 10,800 Depreciation 6,000 Property taxes and insurance Utilities 7,200 7,400 Maintenance 5,900 Maintenance 5,000 Actual variable costs were indirect materials $14,600, indirect labor $9.400, utilities $9.600, and maintenance $5,100. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,700. The actual activity level equaled the budgeted level. All...
Sunland Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11,100 Supervisory salaries Indirect labor 10,700 Depreciation Utilities 7,800 Property taxes and insurance Maintenance 5,700 Maintenance $35,400 7,500 7,300 4,000 Actual variable costs were indirect materials $15, 100, indirect labor $9,500, utilities $9.600, and maintenance $5,200. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,300. The actual activity level equaled the budgeted level....
Chubbs Inc.'s manufacturing overhead budget for the first quarter of 2020 contained the following data. Variable Costs Fixed Costs Indirect materials $11.800 Supervisory salaries $36,100 Indirect labor 10,800 Depreciation 6.200 Utilities 7,800 Property taxes and insurance 7,500 Maintenance 5.900 Maintenance 5,000 Actual variable costs were indirect materials $14,700, indirect labor $9.300, utilities $9.900, and maintenance $4,600. Actual fixed costs equaled budgeted costs except for property taxes and insurance, which were $8,500. The actual activity level equaled the budgeted level. All...
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