- Crane Company Prepared A Fixed Budget Of 40000 Direct Labor Hours With Estimated Overhead Costs Of 200000 For Variable 1 (31.15 KiB) Viewed 57 times
For June, Concord Corporation estimated sales revenue at $500000. It pays sales commissions that are 4% of sales. The sales manager's salary is $265000, estimated shipping expenses total 1% of sales, and miscellaneous selling expenses are $10000. How much are budgeted selling expenses for the month of July if sales are expected to be $440000? O $32000 O $300000 $22000 O $297000
A company's planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Indirect materials Indirect labor Factory supplies $406400. O $286400. O $382400. O $358000. $140000 Depreciation $60000 200000 18000 Fixed Taxes Supervision 10000 50000 A flexible budget prepared at the 80000 machine hours level of activity would show total manufacturing overhead costs of
Bonita's standard quantities for 1 unit of product include 6 pounds of materials and 1.0 labor hours. The standard rates are $4 per pound and $5 per hour. The standard overhead rate is $6 per direct labor hour. The total standard cost of Bonita's product is O $15.00. O $11.00. O $35.00. O $29.00.
Waterway Industries produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $5 per pound, but a 2% discount is usually taken. Freight costs are $0.5 per pound, and receiving and handling costs are $0.10 per pound. The hourly wage rate is $12 per hour, but a raise which will average $0.3 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 1 hour per unit, and the allowance for rest periods and setup is 0.2 hours and 0.1 hours, respectively. The standard direct materials price per pound is O $5.00. O $5.50. O $4.90. O $5.60.
Marigold Corp. produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 800 products are produced using 3300 direct labor hours. Marigold's actual payroll during January was $51480. What is the labor quantity variance? O $14400 U O $14400 F O $13080 U O $1320 F
The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 2000 units, the actual direct labor cost was $37200 for 2400 direct labor hours worked, the total direct labor variance is O $7800 unfavorable. O $2000 unfavorable. O $5400 unfavorable. O $7800 favorable.
The standard rate of pay is $12 per direct labor hour. If the actual direct labor payroll was $65856 for 5800 direct labor hours worked, the direct labor price (rate) variance is O $3744 unfavorable. O $1200 favorable. O $1200 unfavorable. O $3744 favorable.
Bramble Company produces one product, a putter called PAR-putter. Bramble uses a standard cost system and determines that it should take one hour of direct labor to produce one PAR-putter. The normal production capacity for the putter is 100,000 units per year. The total budgeted overhead at normal capacity is $506,000 comprised of $203,000 of variable costs and $303,000 of fixed costs. Bramble applies overhead on the basis of direct labor hours. During the current year, the company produced 85,300 putters, paid employees for 89,100 direct labor hours, and incurred variable overhead costs of $166,000 and fixed overhead costs of $303,000. Compute the predetermined variable overhead rate and the predetermined fixed overhead rate. (Round answer to 2 decimal places, e.g. 52.75.) Variable Overhead Rate $ Fixed Overhead Rate $
Compute the applied overhead for Bramble for the year. Applied Overhead $ Compute the total overhead variance. Identify whether the variance is favorable or unfavorable. Total Overhead Variance $