By what amount is the Motorcycle department over- or under-budgeted?IBudgeted AmountMotorcycleActual AmountATVMotorcycleATVDirect materials.$ 97,000 $138,000$ 98,500$133,800Direct labor...52,000105,00056,100101,300Department manager salaries..60,00056,00060,00056,000Rent....9,00012,0008,40010,900Supplies used.5,00011,0007,0008,000Totals..$223,000$322,000$230,000$310,000(A) $12,000 under-budgetB $7,000 over-budgetC) $12,000 over-budget(D) $7,000 under-budget

From the table provided, we can see that the budgeted amount for the Motorcycle department is…

Answered: By what amount is the Motorcycle…

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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Westmore Company has two service departments and two operating departments. Budgeted costs and other data relating to these departments are presented below:Building Operating Department& Grounds Personnel A BDepartmental costs ..... $54,000 $200,000 $650,000 $800,000Square feet occupied ... 1,000 3,000 12,000 15,000Number of employees .... 10 5 45 55Direct laborhours ..... 76,000 92,000The costs of Building & Grounds are allocated first on the basis of square feet of space occupied. Personnel costs are allocated on the basis of numberof employees. The departmental costs for the operating departments are overhead costs. Predetermined overhead rates in the operating departments are computed on the basis of direct laborhours.Assume that the company uses the direct method of allocating service department costs. The predetermined overhead rate that would be used in Department B would be closest to:a. $11.50/DLH.b. $12.00/DLH.c. $10.00/DLH.d. $10.22/DLH.
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The Culver Division operates as a profit center. It reports the following for the year ending December 31, 2022. Sales Variable costs Controllable fixed costs Noncontrollable fixed costs Budgeted $2,320,000 V 928,000 458,000 290,000 $ Actual tA $2,192,400 881,600 Prepare a responsibility report for the Culver Division at December 31, 2022. 458,000 290,000 Budget $ tA $ CULVER DIVISION Responsibility Report Actual $ LA Difi Fa Unfa Neithel nor Ur
Given the following information, determine the activity rate for setups. Activity Setups Inspections Assembly (dlh) a. $58.00 Ob. $5.09 c. $18.00 d. $0.75 Total Activity-Base Usage Budgeted Activity $180,000 $120,000 $400,000 10,000 24,000 80,000
(b) Direct $ 240,000 $ 247200 $ 7200 i Unfavorable Labor eTextbook and Media Prepare a flexible budget report. Product Line Direct $ Labor Budget $ INDIGO COMPANY Flexible Direct Labor Budget Report Actual $ Attempts: 2 of 3 used Difference
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Given the following information, determine the activity rate (rounded to the nearest cent) for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 11,000 $58,100 Inspections 25,200 $147,200 Assembly (dlh) 72,000 $375,700 a. $5.22 O b. $5.28 c. $5.84 O d. $5.37
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.
Required Information [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 Amount of other expenses $50,000 $36.000 $ 35,000 Variable Element per Customer Served $5,000 $1,100 $ 600 Actual Total for May $ 160,000 $ 88,000 When preparing its planning budget the company estimated that it would serve 30 customers per month; however, during May the company actually served 35 customers. 4. What amount of other expenses would be included in Aager's flexible budget for May? $ 19,000 $ 34,500 28
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