The following information is for direct labor cost for X Company for 2018: Budgeted labor hours...
The following information is for direct labor cost for X Company
for 2018:
| Budgeted labor hours per unit of product | 3.7 | |
| Actual labor hours per unit of product | 3.6 | |
| Budgeted hourly wage rate | $11.40 | |
| Actual hourly wage rate | $11.50 | |
| Budgeted production | 5,010 units | |
| Actual production | 3,900 units | |
Assuming X Company used production as the activity measure, what
was the direct labor static budget for 2018?
| A: $131,943 | B: $154,373 | C: $180,617 | D: $211,322 | E: $247,247 | F: $289,278 | G: $338,456 | H: $395,993 |
Homework Answers
Static Budget is the master budget and prepared by using the Budgeted activity unit with budgeted cost.
Hence,
Direct labor static budget for 2018 = Budgeted Production Units 5,010 Units x Budgeted Direct labor per unit 3.7 x Budgeted Hourly Wage Rate $11.40
= 5,010 * 3.7 * $11.40
= $211,322
The correct option is D. $211,322
Add Answer to:
The following information is for direct labor cost for X Company
for 2018:
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The following information is for direct labor cost for X Company for 2018: Budgeted labor hours...
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2.
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is based on budgeted direct labor-hours. The direct labor budget indicates that 7,200 direct labor-hours will be required in May. The variable overhead rate is $7.70 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $139,680 per month, which includes depreciation of $24,850. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. The predetermined overhead rate for May should be: Multiple Choice $23.60 $7.70 $19.40 $23.60 $770 $19.40 $2710...
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2.
The following data have been provided by Lopus Corporation: Budgeted production Standard machine-hours per unit Standard lubricants Standard supplies 4,000 units 4.1 machine-hours 5.60 per machine-hour 4.30 per machine-hour $ $ Actual production Actual machine-hours Actual lubricants (total) Actual supplies (total) 4,300 units 9,480 machine-hours $ 54,833 $40,239 Required: Compute the variable overhead rate variances for lubricants and for supplies. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect...
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