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 |
Add Answer to:
& BACK Problem 10-1A a-b (Video) Bumblebee Company estimates that 385,800 direct labor hours will be...
Problem 22-1A Bumblebee Company estimates that 322,300 direct labor hours will be worked during the coming...
Problem 22-1A Bumblebee Company estimates that 322,300 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 $85,680 Indirect labor $128,920 Supervision Indirect materials 83,798 Depreciation 74,280 Insurance 24,600 Repairs 45,122 Utilities Rent 18,120 48,345 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct labor hours worked each month will range from...
Problem 23-01A a-b Bumblebee Company estimates that 402,600 direct labor hours will be worked during the...
Problem 23-01A a-b Bumblebee Company estimates that 402,600 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 Supervision $89,280 Depreciation 73,440 Insurance 26,040 Rent 21,360 Property taxes 22,440 $232,560 Variable Overhead Costs Indirect labor $169,092 Indirect materials 80,520 Repairs 40,260 Utilities 60,390 Lubricants 40,260 $390,522 It is estimated that direct labor hours worked each month will...
Problem 22-1A Bumblebee Company estimates that 370,000 direct labor hours will be worked during the coming...
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...
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...
Problem 22-1A Bumblebee Company estimates that 300.000 direct labor hours will be worked during the coming...
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 Supervision 154.000 Depreciation 66,000 Tawurance 24,000 Rent 1.000 12,000 $200,000 Variable Overhead Coats indirect labor $120,000 indirect materia 60,000 Repairs 30.000 Utilities 45,000 Lubricants 15,000 $270,000 It is estimated that director hours worked each month will range from 20,000 to 28,000...
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 direct labor...
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 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 $85,680 $128,920 Supervision Indirect labor 74,280 Depreciation Indirect materials 83,798 24,600 Repairs Insurance 45,122 48,345 Utilities Rent 18,120 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct...
Bumblebee Company estimates that 334,400 direct labor hours will be worked during the coming year, 2020, in the Packagi...
Bumblebee Company estimates that 334,400 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 Supervision S92,760 Indirect labor $140,448 Depreciation 66,280 Insurancs 71.760 Indirect materials 31,080 Repairs 18,940 Utilities 46016 Rent 66,990 Property taxes 17,400 Lubricants 20.064 $231.940 $341.088 It is estimated that direct labor hours worced each month will range from 29,300...
Bumblebee Company estimates that 366,700 direct labor hours will be worked during the coming year, 2017,...
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...
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...
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...
Problem 22-1A Bumblebee Company estimates that 322,300 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 $85,680 Indirect labor $128,920 Supervision Indirect materials 83,798 Depreciation 74,280 Insurance 24,600 Repairs 45,122 Utilities Rent 18,120 48,345 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct labor hours worked each month will range from...
Problem 23-01A a-b Bumblebee Company estimates that 402,600 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 Supervision $89,280 Depreciation 73,440 Insurance 26,040 Rent 21,360 Property taxes 22,440 $232,560 Variable Overhead Costs Indirect labor $169,092 Indirect materials 80,520 Repairs 40,260 Utilities 60,390 Lubricants 40,260 $390,522 It is estimated that direct labor hours worked each month will...
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...
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 Supervision 154.000 Depreciation 66,000 Tawurance 24,000 Rent 1.000 12,000 $200,000 Variable Overhead Coats indirect labor $120,000 indirect materia 60,000 Repairs 30.000 Utilities 45,000 Lubricants 15,000 $270,000 It is estimated that director hours worked each month will range from 20,000 to 28,000...
Question 20 -/1 View Policies Current Attempt in Progress Bumblebee Company estimates that 322,300 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 $85,680 $128,920 Supervision Indirect labor 74,280 Depreciation Indirect materials 83,798 24,600 Repairs Insurance 45,122 48,345 Utilities Rent 18,120 Property taxes 19,320 Lubricants 16,115 $222,000 $322,300 It is estimated that direct...
Bumblebee Company estimates that 334,400 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 Supervision S92,760 Indirect labor $140,448 Depreciation 66,280 Insurancs 71.760 Indirect materials 31,080 Repairs 18,940 Utilities 46016 Rent 66,990 Property taxes 17,400 Lubricants 20.064 $231.940 $341.088 It is estimated that direct labor hours worced each month will range from 29,300...
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...
Most questions answered within 3 hours.
-
Discuss the current status of Ulmus americana and the reasons for
it status. (answer in detail...
asked 8 minutes ago -
Q3. A car moves with a constant velocity of 25m/s east with
respect to a person...
asked 13 minutes ago -
If a bond currently sold at $865 with a yield to maturity of 8%
and a...
asked 30 minutes ago -
Q20
You are an international MIS consultant and have been asked to
brief a potential client...
asked 30 minutes ago -
Why companies use the variable costing method when the
absorption costing is the method approved by...
asked 34 minutes ago -
lease solve all the
questions, don't need to explanations
Q1 - All animal
species have general...
asked 5 hours ago -
Business Phasing
1.Discuss the logical progression for growing a business, which
starts from the initial idea...
asked 5 hours ago -
Modify
When executing on the command line having only
this program name, the program will accept...
asked 6 hours ago -
Kenny Electric Company's noncallable bonds were issued several
years ago and now have 20 years to...
asked 6 hours ago -
find H(e^Jtheta) at theta= 0, pi/10, pi/20, pi/2 for
the following:
a) H(e^Jtheta)= 1+e^Jtheta
b) H(e^Jtheta)=...
asked 7 hours ago -
Home Corporation will open a new store on January 1. Based on
experience from its other...
asked 7 hours ago -
In a neoclassical model, use the IS-LM to analyze the effect of
a permanent money supply...
asked 8 hours ago