1m2A$Budgeted overhead costs before any3 interdepartment cost allocationsSupport work supplied by AS(budgeted head count)4Support work supplied by IS5 (budgeted computer time)BASSUPPORT0C10%ISD20%OPERATINGGOVT600,000 $1,200,000 $8,725,000 $ 12,540,000 $23,065,00048%E36%CORP32%Total54%100%100% Requirement 2. Compare and explain differences in theBegin by entering the totalsupport-departmentGOVTsupport-department costs allocated to each operating department.costs allocated to each operating department under each of the methods below.Direct methodStep-down (AS first)Step-down (IS first)CORP4

Overhead : Indirect costs incurred while producing goods or services. Overhead costs cannot be…

10m 2 A $ Budgeted overhead costs before any 3 interdepartment cost allocations Support work supplied by AS 4 (budgeted head count) Support work supplied by IS 5 (budgeted computer time) B AS SUPPORT 0 C 10% IS CORP 600,000 $1,200,000 $8,725,000 $12,540,000 $ 23,065,000 20% D 0 OPERATING GOVT 48% E 36% 32% F 54% Total 100% 100%

10m 2 A $ Budgeted overhead costs before any 3 interdepartment cost allocations Support work supplied by AS 4 (budgeted head count) Support work supplied by IS 5 (budgeted computer time) B AS SUPPORT 0 C 10% IS CORP 600,000 $1,200,000 $8,725,000 $12,540,000 $ 23,065,000 20% D 0 OPERATING GOVT 48% E 36% 32% F 54% Total 100% 100%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A6
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Home CengageNOWV2 |Online teachin X RakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $110.000 and equipment depreciation of $33,000 for 11,000 hours of production. The department actually completed 13,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 171,000 Previous Net Submie Test for Groding All work saved.
Question 6 View Policies Current Attempt in Progress Crane Company determines that 59000 pounds of direct materials are needed for production in July. There are 3700 pounds of direct materials on hand at July 1 and the desired ending inventory is 3300 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases? ort $175800 O $180600. O $178200. O $173400. ea Chp ins prt sc fho 12 home delete % 5 & 7 backspace lock T P hom G H K enter B pause t shift ctri NM N
Required information The Foundational 15 (Algo) (LO9-1, LO9-2, LO9-3] [The following information applies to the questions displayed below] Adger Corporation is a service company that measures its output based on the number of customers served. The company provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results for May as shown below: Revenue Employee salaries and wages Travel expenses Other expenses Fixed Element per Month $ 53,000 $32,000 Variable Element per Customer Served $5,400 $ 1,400 $750 Actual Total for May $ 203,000 $108,500 $ 27,700 $ 30,000 When preparing its planning budget the company estimated that it would serve 35 customers per month; however, during May the company actually served 40 customers. Foundational 9-9 (Algo) 9. What is Adger's other expenses spending variance for May? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero…
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Question 1 Not complete Direct material Direct labor Variable overhead Fixed overhead Total Using Flexible Budgets The following summary data are from a performance report for Sterling Company for May, during which 9,600 units were produced. The budget reflects the company's normal capacity of 10,000 units. Actual Cost Budget 9,600 10,000 units units $ $136,800 $140,000 $(3,200) Favorable Type Marked out of 6.25 Direct material $ Direct labor Variable overhead Fixed overhead Totals PFlag question $ Variances a. Prepare a new performance report using flexible budgeting. Round all amounts to the nearest dollar. Variance Actual Costs 277,200 280,000 (2,800) Favorable 98,400 96,000 2,400 Unfavorable 72,400 72,000 400 Unfavorable $584,800 $588,000 $(3,200) $ 0 $ Flexible Budget $ 0 $ $ b. Which of the two performance reports should Sterling Company management use to measure the company's operating efficiency in May? ◆ 0 Type ♦ + + ◆
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--/1 Question 22 View Policies Current Attempt in Progress The predetermined overhead rate for Coronado Industries is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. The amount of budgeted overhead costs at normal capacity of $150000 was divided by normal capacity of 30000 direct labor hours, to arrive at the predetermined overhead rate of $5. Actual overhead for June was $12680 variable and $8040 fixed, and standard hours allowed for the product produced in June was 4000 port hours. The total overhead variance is O $720 F. O $4040 F. O $4040 U. O $720 U. hp ins f12 f11 f10 prt sc f9 144 f8 f7 f6 f5 4+ 8 %3D C 60 To 96