Homework Answers
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Flexible budget variance = Actual - Flexible = 230,000 - (172,500/3,000)*3250 = 230,000 - 186,875 = 43,125 Unfavorable |
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Lancelot Corporation manufactures tennis gear and uses budgeted machine - hours to allocate variable manufacturing over...
Question 29 Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing...
Question 29 Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: 2 pts Budgeted output units 43,500 units Budgeted machine-hours 17.400 hours Budgeted variable manufacturing overhead costs for $382,800 43,500 units Actual output units produced 47,500 units Actual machine-hours tised 15,100 hours Actual variable manufacturing overhead costs $387,518 What is the amount of the budgeted variable manufacturing overhead cost per unit? (Do not round...
White Corporation manufactures football jerseys and uses budgeted machine-hours to allocate variable manufacturing overhead. The following...
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
24) Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and...
24) Mongar Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs Variable overhead costs: Supplies $ 7,980 $ 8,230 Indirect labor 29,820 29,610 Total variable manufacturing overhead cost $ 37,800 $ 37,840 The original budget was based on 4,200 machine-hours. The company actually worked 4,350 machine-hours during the month and the standard hours allowed for the actual output were 4,190 machine-hours....
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual...
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ $ 7,800 10,720 7,990 10,070 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,610 14,900 59,970 $109,000 14,490 14,950 61,040 $108,540 The company based its original budget on 7,800 machine-hours. The company actually worked 7,760 machine-hours during the month. The standard hours...
Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate...
Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company Case High School Job $60,000 $2,400 $15,000 $600 Direct materials Direct labor Manufacturing overhead costs Machine-hours $50,000 100,000 mh 1,000 mh For Lancelot Manufacturing, what is the annual manufacturing overhead cost-allocation...
Behring Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual...
Behring Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual fixed manufacturing overhead costs for the most recent month appear below: Original Budget Actual Costs Fixed overhead cost: Supervision $4,680 $4,800 Utilities 6,120 5,820 Factory depreciation 21,240 20,720 Total fixed manufacturing overhead cost $32,040 $31,340 The company based its original budget on 3,600 machine-hours. The company actually worked 3,570 machine-hours during the month. The standard hours...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead |Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Total actual overhead Total budgeted overhead (flexible budget) Total budgeted overhead (static budget) Total applied overhead 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
Lancelot Manufacturing is a small textile manufacturer using machine - hours as the single indirect -...
Lancelot Manufacturing is a small textile manufacturer using machine - hours as the single indirect - cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company $53,000 $15,000 $40,000 80,000 mh Case High School Job $2,100 $500 Direct materials Direct labor Manufacturing overhead costs Machine - hours 800 mh What are the total...
D 8.3-20a Outdoor Gear Corporation manufactured 2,000 coolers during October. The following variable overhead data relates...
D 8.3-20a Outdoor Gear Corporation manufactured 2,000 coolers during October. The following variable overhead data relates to October: Variable overhead spending variance Variable overhead efficiency variance Budgeted machine hours allowed for actual output Actual cost per machine hour Budgeted cost per machine hour $1,875 Unfavorable $270 Unfavorable 615 machine hours $30 $27 Calculate the actual machine hours used by Stark during October. O A. 615 hours OB. 605 hours O C. 625 hours O D. 624 hours
Lancelot Manufacturing is a small textile manufacturer using machine - hours as the single indirect -...
Lancelot Manufacturing is a small textile manufacturer using machine - hours as the single indirect - cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company $55,000 $22,000 $49,000 70,000 mh Case High School Job $2,300 $600 Direct materials Direct labor Manufacturing overhead costs Machine - hours 700 mh For Lancelot Manufacturing, what...
Question 29 Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: 2 pts Budgeted output units 43,500 units Budgeted machine-hours 17.400 hours Budgeted variable manufacturing overhead costs for $382,800 43,500 units Actual output units produced 47,500 units Actual machine-hours tised 15,100 hours Actual variable manufacturing overhead costs $387,518 What is the amount of the budgeted variable manufacturing overhead cost per unit? (Do not round...
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
Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original Budget Actual Costs $ $ 7,800 10,720 7,990 10,070 Variable overhead costs: Supplies Indirect labor Fixed overhead costs: Supervision Utilities Factory depreciation Total overhead cost 15,610 14,900 59,970 $109,000 14,490 14,950 61,040 $108,540 The company based its original budget on 7,800 machine-hours. The company actually worked 7,760 machine-hours during the month. The standard hours...
Lancelot Manufacturing is a small textile manufacturer using machine-hours as the single indirect-cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company Case High School Job $60,000 $2,400 $15,000 $600 Direct materials Direct labor Manufacturing overhead costs Machine-hours $50,000 100,000 mh 1,000 mh For Lancelot Manufacturing, what is the annual manufacturing overhead cost-allocation...
Standard machine hours per unit of output 4 hours Standard variable-overhead rate per machine hour 8.00 Actual variable-overhead rate per machine hour Actual machine hours per unit of output Budgeted fixed overhead |Actual fixed overhead Budgeted production in units Actual production in units Variable-overhead spending variance Variable-overhead efficiency variance Fixed-overhead budget variance Fixed-overhead volume variance Total actual overhead Total budgeted overhead (flexible budget) Total budgeted overhead (static budget) Total applied overhead 9.00 3 S 50,000 25,000 24,000 72,000 Unfavorable 192,000...
Lancelot Manufacturing is a small textile manufacturer using machine - hours as the single indirect - cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company $53,000 $15,000 $40,000 80,000 mh Case High School Job $2,100 $500 Direct materials Direct labor Manufacturing overhead costs Machine - hours 800 mh What are the total...
D 8.3-20a Outdoor Gear Corporation manufactured 2,000 coolers during October. The following variable overhead data relates to October: Variable overhead spending variance Variable overhead efficiency variance Budgeted machine hours allowed for actual output Actual cost per machine hour Budgeted cost per machine hour $1,875 Unfavorable $270 Unfavorable 615 machine hours $30 $27 Calculate the actual machine hours used by Stark during October. O A. 615 hours OB. 605 hours O C. 625 hours O D. 624 hours
Lancelot Manufacturing is a small textile manufacturer using machine - hours as the single indirect - cost rate to allocate manufacturing overhead costs to the various jobs contracted during the year. The following estimates are provided for the coming year for the company and for the Case High School band jacket job. Company $55,000 $22,000 $49,000 70,000 mh Case High School Job $2,300 $600 Direct materials Direct labor Manufacturing overhead costs Machine - hours 700 mh For Lancelot Manufacturing, what...
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