Homework Answers
Solution a:
| Computation of standard variable overhead per direct labor hour | |||
| Particulars | Budgeted Cost | Budgted DLH | Overhead Rate |
| Indirect Labor | $1,85,184.00 | 385800 | $0.48 |
| Indirect materials | $1,00,308.00 | 385800 | $0.26 |
| Repairs | $61,728.00 | 385800 | $0.16 |
| Utilities | $57,870.00 | 385800 | $0.15 |
| Lubricants | $30,864.00 | 385800 | $0.08 |
| Bumblebee Company | ||||
| Packaging Department | ||||
| Monthly Manufacturing overhead flexible budget | ||||
| For the year 2017 | ||||
| Direct labor hours | 28700 | 32200 | 35700 | 39200 |
| Variable Costs: | ||||
| Indirect Labor | $13,776.00 | $15,456.00 | $17,136.00 | $18,816.00 |
| Indirect materials | $7,462.00 | $8,372.00 | $9,282.00 | $10,192.00 |
| Repairs | $4,592.00 | $5,152.00 | $5,712.00 | $6,272.00 |
| Utilities | $4,305.00 | $4,830.00 | $5,355.00 | $5,880.00 |
| Lubricants | $2,296.00 | $2,576.00 | $2,856.00 | $3,136.00 |
| Total variable costs | $32,431.00 | $36,386.00 | $40,341.00 | $44,296.00 |
| Fixed Costs: | ||||
| Supervision | $7,590.00 | $7,590.00 | $7,590.00 | $7,590.00 |
| Depreciation | $6,210.00 | $6,210.00 | $6,210.00 | $6,210.00 |
| Insurance | $2,070.00 | $2,070.00 | $2,070.00 | $2,070.00 |
| Rent | $1,880.00 | $1,880.00 | $1,880.00 | $1,880.00 |
| Property taxes | $1,490.00 | $1,490.00 | $1,490.00 | $1,490.00 |
| Total Fixed Costs | $19,240.00 | $19,240.00 | $19,240.00 | $19,240.00 |
| Total Costs | $51,671.00 | $55,626.00 | $59,581.00 | $63,536.00 |
Solution b:
| Bumblebee Company | ||||
| Packaging Department | ||||
| Manufacturing overhead flexible budget report | ||||
| For the month ended October 31, 2017 | ||||
| Particulars | Budget (28700 hours) | Actual Cost (28700 hours) | Variance | Favorable / Unfavorable / Neither favorable nor unfavorable |
| Variable Costs: | ||||
| Indirect Labor | $13,776.00 | $14,756.00 | $980.00 | Unfavorable |
| Indirect materials | $7,462.00 | $7,042.00 | $420.00 | Favorable |
| Repairs | $4,592.00 | $4,532.00 | $60.00 | Favorable |
| Utilities | $4,305.00 | $4,725.00 | $420.00 | Unfavorable |
| Lubricants | $2,296.00 | $2,596.00 | $300.00 | Unfavorable |
| Total variable costs | $32,431.00 | $33,651.00 | $1,220.00 | Unfavorable |
| Fixed Costs: | ||||
| Supervision | $7,590.00 | $7,590.00 | $0.00 | Neither Favorable nor Unfavorable |
| Depreciation | $6,210.00 | $6,210.00 | $0.00 | Neither Favorable nor Unfavorable |
| Insurance | $2,070.00 | $2,015.00 | $55.00 | Favorable |
| Rent | $1,880.00 | $1,880.00 | $0.00 | Neither Favorable nor Unfavorable |
| Property taxes | $1,490.00 | $1,490.00 | $0.00 | Neither Favorable nor Unfavorable |
| Total Fixed Costs | $19,240.00 | $19,185.00 | $55.00 | Favorable |
| Total Costs | $51,671.00 | $52,836.00 | $1,165.00 | Unfavorable |
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& BACK Problem 10-1A a-b (Video) Bumblebee Company estimates that 385,800 direct labor hours will be...
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Problem 22-1A
Bumblebee Company estimates that 370,000 direct labor hours will
be worked during the coming year, 2017, in the Packaging
Department. On this basis, the budgeted manufacturing overhead cost
data are computed for the year.
Problem 22-1A Bumblebee Company estimates that 370,000 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property...
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Problem 22-1A
Bumblebee Company estimates that 300,000 direct labor hours will
be worked during the coming year, 2017, in the Packaging
Department. On this basis, the budgeted manufacturing overhead cost
data are computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$84,000
Indirect labor
$120,000
Depreciation
66,000
Indirect materials
60,000
Insurance
24,000
Repairs
30,000
Rent
18,000
Utilities
45,000
Property taxes
12,000
Lubricants
15,000
$204,000
$270,000
It is estimated that direct labor hours worked each month will
range from...
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Problem 22-1A
Bumblebee Company estimates that 402,100 direct labor hours will be
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computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$91,800
Indirect labor
$184,966
Depreciation
69,960
Indirect materials
104,546
Insurance
32,040
Repairs
64,336
Rent
22,560
Utilities
60,315
Property taxes
22,680
Lubricants
40,210
$239,040
$454,373
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range from...
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Problem 22-1A
Bumblebee Company estimates that 370,000 direct labor hours will
be worked during the coming year, 2017, in the Packaging
Department. On this basis, the budgeted manufacturing overhead cost
data are computed for the year.
Problem 22-1A Bumblebee Company estimates that 370,000 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property...
Problem 22-1A
Bumblebee Company estimates that 300,000 direct labor hours will
be worked during the coming year, 2017, in the Packaging
Department. On this basis, the budgeted manufacturing overhead cost
data are computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$84,000
Indirect labor
$120,000
Depreciation
66,000
Indirect materials
60,000
Insurance
24,000
Repairs
30,000
Rent
18,000
Utilities
45,000
Property taxes
12,000
Lubricants
15,000
$204,000
$270,000
It is estimated that direct labor hours worked each month will
range from...
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Bumblebee Company estimates that 366,700 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Supervision Depreciation Insurance Rent Property taxes $90,000 75,240 31,320 27,000 13,200 $236,760 Variable Overhead Costs Indirect labor $168,682 Indirect materials 102,676 Repairs 73,340 Utilities 55,005 Lubricants 18,335 $418,038 It is estimated that direct labor hours worked each month will range from 29,200 to...
Problem 22-1A
Bumblebee Company estimates that 402,100 direct labor hours will be
worked during the coming year, 2017, in the Packaging Department.
On this basis, the budgeted manufacturing overhead cost data are
computed for the year.
Fixed Overhead Costs
Variable Overhead Costs
Supervision
$91,800
Indirect labor
$184,966
Depreciation
69,960
Indirect materials
104,546
Insurance
32,040
Repairs
64,336
Rent
22,560
Utilities
60,315
Property taxes
22,680
Lubricants
40,210
$239,040
$454,373
It is estimated that direct labor hours worked each month will
range from...
Problem 23-1A a-b (Video) Sheffield Company estimates that 403,000 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year Fixed Overhead Costs Variable Overhead Costs $161,200 Supervision $94,920 Indirect labor Depreciation 66,360 Indirect materials 112,840 Insurance 29,760 Repairs 80,600 Utilities Rent 29,400 100,750 Property taxes 22,560 Lubricants 24,180 $243,000 $479,570 It is estimated that direct labor hours worked each month...
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