5- Sunshine Gardens overhead expenses are: Indirect material pounds per unit Indirect material cost per pound 0.50 $ 1.00 1.00 $ 16.50 $ 0.75 $ 0.20 $10,000 $ 9,000 $ 3,000 $ 1,500 Indirect labor hours Indirect labor rate per hour Variable maintenance per unit Variable utilities per unit Supervisor salaries Maintenance salaries Insurance Depreciation Given production of 10,200; 11,300; 12,900; and 13,200 for each quarter of the next year, prepare a manufacturing overhead budget for each quarter.

5- Sunshine Gardens overhead expenses are: Indirect material pounds per unit Indirect material cost per pound 0.50 $ 1.00 1.00 $ 16.50 $ 0.75 $ 0.20 $10,000 $ 9,000 $ 3,000 $ 1,500 Indirect labor hours Indirect labor rate per hour Variable maintenance per unit Variable utilities per unit Supervisor salaries Maintenance salaries Insurance Depreciation Given production of 10,200; 11,300; 12,900; and 13,200 for each quarter of the next year, prepare a manufacturing overhead budget for each quarter.

Name: 5- Sunshine Gardens overhead expenses are:Indirect material pounds pe
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Description: 5- Sunshine Gardens overhead expenses are:Indirect material pounds per unitIndirect material cost per pound0.50$ 1.001.00$ 16.50$ 0.75$ 0.20$10,000$ 9,000$ 3,000$ 1,500Indirect labor hoursIndirect labor rate per hourVariable maintenance per unitVari

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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11q18
Travelcraft Company manufactures a complete line of fiberglass suitcases and attaché cases. The firm has three manufacturing departments: Molding, Component, and Assembly. There are also two service departments: Power and Maintenance. The sides of the cases are manufactured in the Molding Department. The frames, hinges, and locks are manufactured in the Component Department. The cases are completed in the Assembly Department. Varying amounts of materials, time, and effort are required for each of the cases. The Power Department and Maintenance Department provide services to the three manufacturing departments. Travelcraft has always used a plantwide overhead rate. Direct-labor hours are used to assign overhead to products. The predetermined overhead rate is calculated by dividing the company's total estimated overhead by the total estimated direct-labor hours to be worked in the three manufacturing departments. Karen Mason, director of cost management, has recommended that Travelcraft…
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Direct material (30 pounds @ $2.60 per pound) Direct labor (20 hours @ $4,70 per DLH) Variable overhead (20 hours e $2.60 per DLH) Fixed overhead (20 hours @ $1.20 per DLH) Standard cost per unit $ 78.00 94.00 52.00 24.00 $ 248.00 The $3.80 ($2.60 + $1.20) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 36,600 units, which is 60% of the factory's capacity of 61,000 units per month. The following monthly flexible budget information is avallable. Operating Levels (X of capacity) 55% 33,550 671,000 Flexible Budget Budgeted production (units) Budgeted direct labor (standard hours) Budgeted averhead Variable overhead Fixed overhead Total overhead 60% 36,600 732,000 65% 39,650 793,000 $ 1,744,600 878,400 $ 2,623,000 $ 1,903, 200 878,400 $ 2,781,600 $ 2,061,800 878, 400 $ 2,940, 200 During the current month, the company operated at 55% of capacity, direct labor of 652,000 hours were used, and the following actual overhead costs were incurred. Actual…
Product A Product B Direct material in pounds 139,500 190,500 Direct labor hours 30,000 37,500 Machine hours 52,500 22,500 Number of setups 430 860 Number of units produced 15,000 7,500 Additional data: The 330,000 pounds of material were purchased for $544,500. One direct labor hours costs $12. a. Assume that Odyssey Inc. uses direct labor hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A Total cost $2,296,245 * $ Total cost per unit $ 153.08 * $ b. Assume that Odyssey Inc. uses machine hours to apply overhead to products. Determine the total cost for each product and the cost per unit. Note: Round your final answers to two decimal places (i.e. round $4.355 to $4.36). Product A $3,141,495 * $ 209.43 * $ Total cost Total cost per unit $ Product B 2,907,555 * 387.67 * Total cost $ Total cost per unit $ Product A 2,491,335 * $ 166.09 * $ Product…
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Particulars Standard Actual Output in units 1,200 units 1,100 units Variable overheads $6,000 $7,000 Labor hours 12,000 hours 18,000 hours Calculate Variable overhead expenditure variance Choose option: A) 2,000 (F) B) 2,000 (A) C) 9,000 (A) D) 9,000 (F)
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Question Content Area Percent of capacity 90% 100% 110% Direct labor hours 3,600 4,000 4,400 Units of output 900 1,000 1,100 Variable overhead $3,600 $4,000 $4,400 Fixed overhead 5,200 5,200 5,200 Total overhead $8,800 $9,200 $9,600 Normal capacity = 100% and overhead is applied based on direct labor hours Standard overhead rate = $9,200/4,000 = $2.30 per direct labor hour Direct materials are $69.00 per unit. Direct labor is $21.50 per hour. Prepare a flexible budget for overhead based on the above data. Flexible Budget 900 1,000 1,100 Direct Material $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Direct Labor fill in the blank 4 fill in the blank 5 fill in the blank 6 Variable Overhead fill in the blank 7 fill in the blank 8 fill in the blank 9 Fixed Overhead fill in the blank 10 fill in the blank 11 fill in the blank 12 Total $fill in the blank 13 $fill in the blank 14 $fill in the blank 15
Equipment expense Indirect labor $ 102,000 $ 7,500 Distribution of Resource Consumption Across Activity Cost Pools: Equipment expense Indirect labor Activity: Product F6 Product X0 Total Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products follow: MHS (Processing) 15,000 1,260 16,260 mrst stage allocations follow. Processing 0.30 0.30 Activity Coat Pools Supervising 0.50 0.40 Equipment depreciation Supervisory expense What is the overhead cost assigned to Product XO under activity-based costing? (Round your intermediate calculations to 2 decimal places.) Equipment depreciation Supervisory expense Product MO Product H2 Total Batches (Supervising) 610 640 1,250 Distribution of Resource Consumption Across Activity Cost Pools: $ 80,300 $ 10,100 Activity Cost Fools Machining Order…