Financial accounting question Atlas Manufacturing produces custom bearings. Thebudgeted indirect total cost of bearing assembly is $150,000.The budgeted number of bearings to be assembled is 30,000.Calculate the budgeted indirect cost allocation rate for thisactivity.a. $4.00b. $5.00c. $6.00d. $3.00

To calculate the budgeted indirect cost allocation rate, we use the formula: Indirect Cost…

Answered: Atlas Manufacturing produces custom…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4CMA: Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold...

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What is the budgeted indirect cost allocation rate for this activity?
What is the budgeted indirect cost allocation rate?
What is the budgeted indirect cost allocation rate for this activity
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Waterway Industries expects direct materials cost of $8 per unit for 50,000 units (a total of $400,000 of direct materials costs). Waterway's standard direct materials cost and budgeted direct materials cost are: Budgeted Sr. No. Standard ة ن ف نه a. $400,000 per year $400,000 per year b. $400,000 per year $8 per unit C. $8 per unit $400,000 per year d. $8 per unit $8 per unit
A local engineering firm is bidding on a design project for a new client. The total budgeted direct-labor costs for the firm are $600,000. The total budgeted indirect costs are $800,000. It is estimated that there are 10,000 billable hours in total. a. What is the budgeted direct-labor cost rate? b. What is the budgeted indirect-cost rate assuming direct-labor cost is the allocation base? c. What should be the engineering firm bid on the project if the direct labor hours are estimated at 300 hours?
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Need correct answer general accounting question
What is the budgeted manufacturing fixed overhead rate?
Automatic Irrigation, Inc. is preparing its manufacturing overhead budget for the next year. Relevant data consist of the following Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Total Control Units to be produced (by quarters): 8,000 7,000 10,000 12,000 37,000 Direct labor time: 1 hour per unit Variable overhead costs per direct labor hour: Indirect Materials $0.80; Indirect Labor $1.10; and Maintenance $0.60. Fixed overhead costs per quarter: Supervisory salaries $19,250; depreciation $3,000; and maintenance $2,250. Required Prepare the manufacturing overhead budget for the next year showing quarterly data and the total amounts for the full year.
4. Running Shorts Co. makes two products: A and B. In the folding department, budgeted information is as follows: Budgeted indirect labor costs in the workshop: $150,000 Budgeted depreciation expenses of equipment: $50,000 Budgeted direct labor costs: $100,000 Budgeted units produced: 50,000 The company allocates indirect labor costs based on direct labor costs and allocates depreciation expenses of equipment based on units produced. The actual direct labor costs for product A are $60,000 and 40,000 units of product A are produced. How much is the manufacturing overhead of product A in the folding department? 120,000 90,000 130,000 40,000

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Atlas Manufacturing produces custom bearings. The budgeted indirect total cost of bearing assembly is $150,000. The budgeted number of bearings to be assembled is 30,000. Calculate the budgeted indirect cost allocation rate for this activity. a. $4.00 b. $5.00 c. $6.00 d. $3.00