A manufacturing company has budgeted production of 940 units for them. Each unit requires $1.25 in...
Homework Answers
Answer:-Total budgeted overhead costs =Variable overhead cost+ Fixed costs
=(940 units*$1.25 per unit)+ $950
=$1175+$950 =$2125
Add Answer to:
A
manufacturing company has budgeted production of 940 units for
them. Each unit requires $1.25 in...
A manufacturing company has budgeted production at 940 units for the month. Each unit requires 3.5...
A manufacturing company has budgeted production at 940 units for the month. Each unit requires 3.5 hours of labor to produce. The average labor rate is $15 per hour. The total cost of direct labor for the month will be?
Marge Manufacturing has the following information available for the month: • Budgeted production is 400,000 units...
Marge Manufacturing has the following information available for
the month: • Budgeted production is 400,000 units and the firm’s
selling price per unit is $25. • Each unit produced is budgeted to
require 2 ounces of material B at a cost of $2 per ounce and 0.25
direct labor hours at a cost of $30 per hour
Instead of just giving an answer, it would be great if
you can explain how to do it/why
b. How many ounces of...
Flexible Budget for Varying Levels of Activity Nashler Company has the following budgeted variable costs per...
Flexible Budget for Varying Levels of Activity
Nashler Company has the following budgeted variable costs per
unit produced:
Direct materials
$7.10
Direct labor
1.54
Variable overhead:
Supplies
0.23
Maintenance
0.19
Power
0.17
Budgeted fixed overhead costs per month include supervision of
$98,000, depreciation of $77,000, and other overhead of
$248,000.
Required:
1. Prepare a flexible budget for all costs of
production for the following levels of production: 160,000 units,
170,000 units, and 175,000 units. Round your answers to the nearest...
Norwall Company's budgeted variable manufacturing overhead cost is $1.25 per machine-hour and its budgeted fixed manufacturing...
Norwall Company's budgeted variable manufacturing overhead cost is $1.25 per machine-hour and its budgeted fixed manufacturing overhead is $93,312 per month The following information is available for a recent month: a. The denominator activity of 25,920 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 25,920 machine-hours, the company should produce 9,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Evanson Company expects to produce 556,000 units of their product during the year. Monthly production is...
Evanson Company expects to produce 556,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: $18 19 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials Direct labor Overhead Total variable costs Fixed costs Total...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product duri...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials $7 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 8 9 Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials...
A manufacturing company has budgeted production at 5,000 units for may and 4,400 units in June....
A manufacturing company has budgeted production at 5,000 units for may and 4,400 units in June. Each unit requires 3 pounds of materials at a cost of $10 per pound. on May 1, there are 2,750 pounds of materials on hand. The company desires an ending inventory of 60% of the next month’s materials requirements. The total cost of direct materials purchases for May will be $___.
Gundy Company expects to produce 1,292,400 units of Product XX in 2020. Monthly production is expected...
Gundy Company expects to produce 1,292,400 units of Product XX in 2020. Monthly production is expected to range from 70,000 to 110,000 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision are $3. Prepare a flexible manufacturing budget for the relevant range value using 20,000 unit increments. (List variable costs before fixed costs.) GUNDY COMPANY Monthly Flexible Manufacturing Budget...
Gundy Company expects to produce 1,263.600 units of Product XX in 2020. Monthly production is expected...
Gundy Company expects to produce 1,263.600 units of Product XX in 2020. Monthly production is expected to range from 83,000 to 123,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $10.Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $3. In March 2020, the company incurs the following costs in producing 103,000 units: direct materials $439,000, direct labor $615,000, and variable overhead $1,037,000. Actual fixed costs were...
Marge Manufacturing has the following information available for
the month: • Budgeted production is 400,000 units and the firm’s
selling price per unit is $25. • Each unit produced is budgeted to
require 2 ounces of material B at a cost of $2 per ounce and 0.25
direct labor hours at a cost of $30 per hour
Instead of just giving an answer, it would be great if
you can explain how to do it/why
b. How many ounces of...
Flexible Budget for Varying Levels of Activity
Nashler Company has the following budgeted variable costs per
unit produced:
Direct materials
$7.10
Direct labor
1.54
Variable overhead:
Supplies
0.23
Maintenance
0.19
Power
0.17
Budgeted fixed overhead costs per month include supervision of
$98,000, depreciation of $77,000, and other overhead of
$248,000.
Required:
1. Prepare a flexible budget for all costs of
production for the following levels of production: 160,000 units,
170,000 units, and 175,000 units. Round your answers to the nearest...
Norwall Company's budgeted variable manufacturing overhead cost is $1.25 per machine-hour and its budgeted fixed manufacturing overhead is $93,312 per month The following information is available for a recent month: a. The denominator activity of 25,920 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 25,920 machine-hours, the company should produce 9,600 units of product. c. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual...
Evanson Company expects to produce 556,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: $18 19 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials Direct labor Overhead Total variable costs Fixed costs Total...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
M9-5 (Algo) Preparing a Flexible Budget [LO 9-2] Evanson Company expects to produce 512,000 units of their product during the year. Monthly production is expected to range from 40,000 to 80,000 units. The company has budgeted manufacturing costs per unit to be as follows: Direct materials $7 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 8 9 Prepare a flexible manufacturing budget using 20,000 unit increments. Evanson Company Monthly Flexible Manufacturing Budget Activity level Finished units Variable costs Direct materials...
Gundy Company expects to produce 1,292,400 units of Product XX in 2020. Monthly production is expected to range from 70,000 to 110,000 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision are $3. Prepare a flexible manufacturing budget for the relevant range value using 20,000 unit increments. (List variable costs before fixed costs.) GUNDY COMPANY Monthly Flexible Manufacturing Budget...
Gundy Company expects to produce 1,263.600 units of Product XX in 2020. Monthly production is expected to range from 83,000 to 123,000 units. Budgeted variable manufacturing costs per unit are: direct materials $4, direct labor $6, and overhead $10.Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $3. In March 2020, the company incurs the following costs in producing 103,000 units: direct materials $439,000, direct labor $615,000, and variable overhead $1,037,000. Actual fixed costs were...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 2 hours ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 4 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 5 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 7 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 7 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 9 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago