Homework Answers
Solution:
Allocation rate per direct professional labor hour - high output month = $120,000 / 3400 = $35.29 per labor hour
Allocation rate per direct professional labor hour - Low output month = $80,000 / 900 = $88.88 per labor hour
Hence 4th option is correct.
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The Meredith Company reported the following information: Indirect Costs Direct Professional Variable Fixed Total |...
Manufacturer estimates that it will incur variable indirect costs for the month of October of $70,000...
Manufacturer estimates that it will incur variable indirect costs for the month of October of $70,000 and $30,000 of fixed costs. The company uses direct labor hours to calculate the predetermined overhead rate and predicted that 3,000 direct labor hours would be used in October. Actual direct labor hours amounted to 3,200. 1) What is the allocation rate per direct labor hour for October? 2) What is the total cost allocation for October?
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs....
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs. Budgeted indirect costs are $809,200 and actual indirect costs were $798,000. Budgeted professional labor-hours are 1,190,000 and actual hours were 1,326,000. What is the budgeted direct cost - allocation rate? (Round the final answer to the nearest cent.) O A. $1.35 per hour B. $1.40 per hour C. $1.56 per hour OD. $0.68 per hour
QUESTION 18 Sara employs 25 professional cleaners. Budgeted costs total $900,000 of which $525,000 are direct...
QUESTION 18 Sara employs 25 professional cleaners. Budgeted costs total $900,000 of which $525,000 are direct costs. Budgeted indirect costs are $375,000 and actual indirect costs were $396,900. Budgeted professional labor-hours are 500,000 and actual hours were 504,000. What is the budgeted direct cost-allocation rate? $1.80 per hour $1.7857 per hour $0.75 per hour $1.05 per hour
Fixed costs remain constant at $400,000 per month. During high-output months variable costs are $320,000, and...
Fixed costs remain constant at $400,000 per month. During high-output months variable costs are $320,000, and during low-output months variable costs are $80,000. What are the respective high and low indirect-cost rates if budgeted professional labor-hours are 16,000 for high-output months and 4,000 for low-output months? $56.20 per hour; $120.00 per hour $45.00 per hour; $120.00 per hour $25.00 per hour; $20.00 per hour $45.00 per hour; $45.00 per hour None of the above
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27...
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27 professional deaners Budgeted costs total 51.831 500 of which 51 609 500 is de labor-hours are 1.110,000 and actual hours were 1465,200. What is the budget direct cost-allocation rate? O A 5165 per hour O B. $125 per hour OC 50.79 per hour OD 51.45 per hour
Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0...
Antuan Company set the following standard costs for one unit of its
product.
Direct materials (5.0 Ibs. @ $5.00 per Ib.)
$
25.00
Direct labor (1.9 hrs. @ $10.00 per hr.)
19.00
Overhead (1.9 hrs. @ $18.50 per hr.)
35.15
Total standard cost
$
79.15
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0...
Antuan Company set the following standard costs for one unit of its product. Direct materials (5.0 Ibs. @ $5.00 per Ib.) $ 25.00 Direct labor (1.8 hrs. @ $12.00 per hr.) 21.60 Overhead (1.8 hrs. @ $18.50 per hr.) 33.30 Total standard cost $ 79.90 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory’s capacity of 20,000 units per month. Following are the company’s budgeted overhead costs per month...
Antuan Company set the following standard costs for one unit of its product. Direct materials (6...
Antuan Company set the following standard costs for one unit of its product. Direct materials (6 Ibs. $5 per Ib.) Direct labor (2 hrs. e $17 per hr.) Overhead (2 hrs. $18.50 per hr.) 30 34 37 Total standard cost $101 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity...
Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (4.0 Ibs. @ $6.00 per Ib.)
$
24.00
Direct labor (1.9 hrs. @ $13.00 per hr.)
24.70
Overhead (1.9 hrs. @ $18.50 per hr.)
35.15
Total standard cost
$
83.85
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
Antuan Company set the following standard costs for one unit of its product. Direct materials (3.0...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (3.0 Ibs. @ $5.00 per Ib.)
$
15.00
Direct labor (2.0 hrs. @ $13.00 per hr.)
26.00
Overhead (2.0 hrs. @ $18.50 per hr.)
37.00
Total standard cost
$
78.00
The predetermined overhead rate ($18.50 per direct labor hour)
is based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
Advantage Inc. employs 27 professional cleaners. Budgeted costs total $1,856,400 of which $1,606,500 is direct costs. Budgeted indirect costs are $809,200 and actual indirect costs were $798,000. Budgeted professional labor-hours are 1,190,000 and actual hours were 1,326,000. What is the budgeted direct cost - allocation rate? (Round the final answer to the nearest cent.) O A. $1.35 per hour B. $1.40 per hour C. $1.56 per hour OD. $0.68 per hour
QUESTION 18 Sara employs 25 professional cleaners. Budgeted costs total $900,000 of which $525,000 are direct costs. Budgeted indirect costs are $375,000 and actual indirect costs were $396,900. Budgeted professional labor-hours are 500,000 and actual hours were 504,000. What is the budgeted direct cost-allocation rate? $1.80 per hour $1.7857 per hour $0.75 per hour $1.05 per hour
Budget indirect co 7 6.000 and actualidad costs were 5798300 Budget professional Advantage Inc employs 27 professional deaners Budgeted costs total 51.831 500 of which 51 609 500 is de labor-hours are 1.110,000 and actual hours were 1465,200. What is the budget direct cost-allocation rate? O A 5165 per hour O B. $125 per hour OC 50.79 per hour OD 51.45 per hour
Antuan Company set the following standard costs for one unit of its
product.
Direct materials (5.0 Ibs. @ $5.00 per Ib.)
$
25.00
Direct labor (1.9 hrs. @ $10.00 per hr.)
19.00
Overhead (1.9 hrs. @ $18.50 per hr.)
35.15
Total standard cost
$
79.15
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
Antuan Company set the following standard costs for one unit of its product. Direct materials (6 Ibs. $5 per Ib.) Direct labor (2 hrs. e $17 per hr.) Overhead (2 hrs. $18.50 per hr.) 30 34 37 Total standard cost $101 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (4.0 Ibs. @ $6.00 per Ib.)
$
24.00
Direct labor (1.9 hrs. @ $13.00 per hr.)
24.70
Overhead (1.9 hrs. @ $18.50 per hr.)
35.15
Total standard cost
$
83.85
The predetermined overhead rate ($18.50 per direct labor hour) is
based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
Antuan Company set the following standard costs for one unit of
its product.
Direct materials (3.0 Ibs. @ $5.00 per Ib.)
$
15.00
Direct labor (2.0 hrs. @ $13.00 per hr.)
26.00
Overhead (2.0 hrs. @ $18.50 per hr.)
37.00
Total standard cost
$
78.00
The predetermined overhead rate ($18.50 per direct labor hour)
is based on an expected volume of 75% of the factory’s capacity of
20,000 units per month. Following are the company’s budgeted
overhead costs per month...
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