Botosan Factory has budgeted factory overhead for the year at $967,746, and budgeted direct labor hours for the year are 391,800. If the actual direct labor hours for the month of May are 356,500, the overhead allocated for May is
Q: The total factory overhead for Big Light Company is budgeted for the year at $807,500. Big Light…
A: Solution a: Total nos of budgeted direct labor hours = (60000*0.50) + (80000*2) = 30000 + 160000…
Q: Roget Factory has budgeted factory overhead for the year at $3,876,600. It plans to produce…
A: The overhead is applied to the production on the basis of predetermined overhead rate. The…
Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…
A: Variance refers to deviation between planned expenditure with actual expenditure. Deviation in…
Q: Botosan Factory has budgeted factory overhead for the year at $666,573, and budgeted direct labor…
A: Overhead allocation refers to the distribution of the indirect costs for the produced goods and in…
Q: The manufacture of each unit of bowls by Debbi Company requires 1.1 total labor hours. The labor…
A: Formula: Budgeted direct labor cost = Budgeted labor hours x Labor rate per hour where, Budgeted…
Q: The total factory overhead for Big Light Company is budgeted for the year at $1,100,440. Big Light…
A: Factory overhead rate = Budgeted Overhead Cost / Budgeted total units in the allocation base
Q: Sipple Furniture’s master budget for the year includes $341,400 for fixed supervisory salaries.…
A: Introduction:- Standard costs are estimates of the actual costs in a company’s production process…
Q: Bramble Company's overhead rate was based on estimates of $180,000 for overhead costs and 18,000…
A: Variances are calculated in order to identify the gap between the actual performance and the…
Q: The Botosan Factory has determined that its budgeted factory overhead budget for the year is…
A: Manufacturing overhead costs: The expenses that are not directly related to the manufacturing…
Q: Botosan Factory has budgeted factory overhead for the year at $694,161, and budgeted direct labor…
A: The objective of the question is to calculate the overhead allocated for the month of May based on…
Q: Pronghorn Company estimates that 312,000 direct labor hours will be worked during the coming year,…
A: Solution:-The task involves creating a monthly manufacturing overhead flexible budget for every…
Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…
A: Tannin Products Inc. - Factory Overhead Cost Variance Report - Trim Department (Month Ended July)At…
Q: Leno Manufacturing Company prepared the following factory overhead cost budget for the Press…
A: Flexible overhead cost budget: A flexible overhead cost budget is referred as a thorough plan for…
Q: Roget Factory has budgeted factory overhead for the year at $4,949,400. It plans to produce…
A: Determine the Plant wide overhead rate that will used during the year Estimated…
Q: Pinnacle Corp. budgeted $267,590 of overhead cost for the current year. Actual overhead costs for…
A: working note: Factory Overhead Rate formula = Budgeted Overhead cost/ Budgeted Machine hrs =…
Q: Yandell Company expects to produce 2,010 units in January that will require 4,020 hours of direct…
A: Yandell Company expects to produce = 2,010 Units in January that will require = 4,020 hours of…
Q: Sipple Furniture's master budget for the year includes $338,400 for fixed supervisory salaries.…
A: Standard costs are estimates of the actual costs in a company’s production processThen, the actual…
Q: Yosko Company expects to produce 2,070 units in January that will require 4,140 hours of direct…
A: MANUFACTURING OH BUDGETManufacturing OH Budget is the Management Estimation of Manufacturing OH Cost…
Q: The total factory overhead for Big Light Company is budgeted for the year at $880,320. Big Light…
A: The objective of the question is to calculate the total number of budgeted direct labor hours for…
Q: Concord Company's overhead rate was based on estimates of $1,008,000 for overhead costs and 84,000…
A: To get the total variance we have to compare the actual overhead and standard overhead cost.Actual…
Q: Botosan Factory has budgeted factory overhead for the year at $13,500,000, and budgeted direct labor…
A: Introduction:- The following formula used to calculate Actual factory overhead applied as follows…
Q: The total factory overhead for Big Light Company is budgeted for the year at $1,127,280. Big Light…
A: The overhead rate is determined as estimated overhead cost divided by estimated base activity.
Q: Elroy Corporation bases its manufacturing overhead budget on budgeted direct labor-hours. The…
A: Cash disbursement refers to the actual payment or outflow of cash from a company or organization to…
Q: YCO, Inc. budgeted manufacturing overhead of $294,644 at a level of 9,527 fabrication hours. The…
A: Applied manufacturing overhead = Actual fabrication hours x manufacturing overhead rate where,…
Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…
A: Solution: Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the…
Q: The total factory overhead for Big Light Company is budgeted for the year at $1,204,000. Big Light…
A: Night Light Desk Lamps Total Budgeted Production (units) 11,800 12,200 Direct labor hours…
Q: The total factory overhead for Big Light Company is budgeted for the year at $1,703,240. Big Light…
A: Lets understand the basics. Single plantwide overhead rate is a overhead rate calculated to allocate…
Q: The total factory overhead for Bardot Marine Company is budgeted for the year at $2,932,500. Bardot…
A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…
Q: Pinnacle Corp. budgeted $260,140 of overhead cost for the current year. Actual overhead costs for…
A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated…
Q: Elroy Corporation bases its manufacturing overhead budget on budgeted direct labor-hours. The…
A: An outflow of cash paid in return for the provision of products or services is known as a cash…
Q: Rasmussen Corporation expects to incur indirect overhead costs of $80,000 per month and direct…
A: Manufacturing expenses are simply an expenditure study that estimates how each department in your…
Q: Pinnacle Corp. budgeted $245,500 of overhead cost for the current year. Actual overhead costs for…
A: The formula for Factory Overhead rate= Budgeted Overhead Cost / Budgeted Overhead hours
Q: Blumen Textiles Corporation began April with a budget for 90,000 hours of production in the Weaving…
A: Variance arises when the actual costs is different from the standard costs. The results are…
Q: Pinnacle Corp. budgeted $218,050 of overhead cost for the current year. Actual overhead costs for…
A: Plantwide factory overhead rate = Budgeted overhead cost/Budgeted machine hours
Q: Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for…
A: Solution: Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the…
Q: The Davis Corporation budgeted factory overhead at $250,000 for the period for the Assembly…
A: Factory overhead rate = Budgeted factory overhead/Budgeted direct labor hours Overhead applied =…
Botosan Factory has budgeted factory
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- Pinnacle Corp. budgeted $226,430 of overhead cost for the current year. Actual overhead costs for the year were $213,870. Pinnacle's plantwide allocation base, machine hours, was budgeted at 51,960 hours. Actual machine hours were 53,550. A total of 102,150 units was budgeted to be produced and 98,000 units were actually produced. Pinnacle's plantwide factory overhead rate for the current year is: Oa. $4.12 per machine hour Ob. $4.36 per machine hour Oc. $2.22 per machine hour Od. $2.09 per machine hourA company's budgeted varlable manufacturing overhead cost Is $1.05 per machine-hour and Its budgeted fixed manufacturing overhead Is $27,094 per month. The following information is avallable for a recent month: a. The denominator activity of 8,740 machine-hours is used to compute the predetermined overhead rate. b. At a denominator activity of 8.740 machine-hours, the company should produce 3,800 unlts of product. C. The company's actual operating results were: Number of units produced Actual machine-hours Actual variable manufacturing overhead cost Actual fixed manufacturing overhead cost 4,220 10,050 $12,060.00 $26,400.00 Required: 1. Compute the predetermined overhead rate and break It down Into varlable and fixed cost elements. (Round your answers to 2 declmal places.) 2. Compute the standard hours allowed for the actual production. 3. Compute the varlable overhead rate and efficlency varlances and the fixed overhead budget and volume varlances. (Indicate the effect of each…Cholla Company’s standard fixed overhead rate is based on budgeted fixed manufacturing overhead of $10,800 and budgeted production of 36,000 units. Actual results for the month of October reveal that Cholla produced 31,000 units and spent $10,500 on fixed manufacturing overhead costs.
- Ellington, SRL is developing their manufacturing overhead budget for February, which is based on budgeted direct labor hours. The variable overhead rate is $16.40 per direct labor hour and 7,900 direct labor hours are budgeted for February. Fixed manufacturing overhead is budgeted at $67,000. All overhead costs are current cash flows except for $10,720 of depreciation. What should the manufacturing overhead budget indicate for cash disbursements for manufacturing overhead for the month of February?Botosan Factory has budgeted factory overhead for the year at $615,285, and budgeted direct labor hours for the year are 372,900. If the actual direct labor hours for the month of May are 339,300, the overhead allocated for May is a. $559,845 b. $576,640 c. $475,868 d. $677,412The Assembly Department produced 5,000 units of product during March. Each unit required 2.20 standard direct labor hours. There were 11,500 actual hours used in the Assembly Department during March at an actual rate of $17.60 per hour. The standard direct labor rate is $18.00 per hour. Assuming that direct labor for a month is paid on the fifth day of the following month, journalize the direct labor in the Assembly Department on March 31. If an amount box does not require an entry, leave it blank. March 31 - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select -
- The total factory overhead for Big Light Company is budgeted for the year at $2,201,190. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for 18,000 units. Each night light requires 2 hours of direct labor. Desk lamps are budgeted for 18,700 units. Each desk lamp requires 3 hours of direct labor. a. Determine the total number of budgeted direct labor hours for the year.fill in the blank direct labor hours b. Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places.fill in the blank per direct labor hour c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places.Night lights fill in the blank per unitDesk lamps fill in the blank per unitTannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 12,000 hours for production: Variable overhead cost: Indirect factory labor $31,200 Power and light 9,120 Indirect materials 20,400 Total variable overhead cost $ 60,720 Fixed overhead cost: Supervisory salaries $45,600 Depreciation of plant and equipment 12,000 Insurance and property taxes 22,400 Total fixed overhead cost 80,000 Total factory overhead cost $140,720 Tannin has available 16,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 11,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead cost: Indirect factory labor $27,890 Power and…The total factory overhead for Big Light Company is budgeted for the year at $448,060. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for 10,900 units. Each night light requires 3 hours of direct labor. Desk lamps are budgeted for 9,700 units. Each desk lamp requires 2 hours of direct labor. a. Determine the total number of budgeted direct labor hours for the year. direct labor hours b. Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places. per direct labor hour c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places. Night lights $ per unit Desk lamps $ per unit
- The total factory overhead for Big Light Company is budgeted for the year at $1,163,800. Big Light manufactures two different products: night lights and desk lamps. Night lights are budgeted for 17,900 units. Each night light requires 2 hours of direct labor. Desk lamps are budgeted for 21,800 units. Each desk lamp requires 3 hours of direct labor. a. Determine the total number of budgeted direct labor hours for the year. direct labor hours b. Determine the single plantwide factory overhead rate using direct labor hours as the allocation base. Round your answer to two decimal places. $ per direct labor hour c. Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate determined in (b). Round your answers to two decimal places. Night lights $ Desk lamps $ per unit per unitKatherin, Ltd. is developing their manufacturing overhead budget for May, which is based on budgeted direct labor hours. The variable overhead rate is $16.05 per direct labor hour and 11,552 direct labor hours are budgeted for May. Fixed manufacturing overhead is budgeted at $102,000. All overhead costs are current cash flows except for $15,300 of depreciation. The predetermined overhead rate every month is recomputed every month. What should the predetermined overhead rate for May be? Select one: A. $24.88 B. $26.20 C. $8.83 D. $17.66 E. $17.37