Carla Company's standard foxed overhead rate is based on budgeted fixed manufacturing overhead of $150000 and budgeted production of 3000 units Actual results for the month of October reveal that Carla produced 32687 units and spent $165418 on fixed manufacturing overhead costs What is the fixed overhead that was applied to Carla's actual production units?

Carla Company's standard foxed overhead rate is based on budgeted fixed manufacturing overhead of $150000 and budgeted production of 3000 units Actual results for the month of October reveal that Carla produced 32687 units and spent $165418 on fixed manufacturing overhead costs What is the fixed overhead that was applied to Carla's actual production units?

Name: Carla Company's standard foxed overhead rate is based on budgeted fix
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: Carla Company's standard foxed overhead rate is based on budgeted fixed manufacturing overhead of $150000 and budgeted production of 3000 units Actual results for the month of Octoberreveal that Carla produced 32687 units and spent $165418 on fixed

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Required information [The following information applies to the questions displayed below.] Delph Company uses job-order costing with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 53,000 machine-hours would be required for the period's estimated level of production. It also estimated $1,080,000 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $3.00 per machine-hour. Because Delph has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following information to enable calculating departmental overhead rates: Machine-hours Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Job D-70 Direct materials cost Direct labor cost Machine-hours During the year, the company had no beginning or…
Blue Industries has two departments ABC and XYZ and uses a job cost system. In determining manufacturing costs, Blue applies manufacturing overhead to production orders based on direct labor cost during the departmental rates predetermined at the beginning of the year based on the annual budget. The budget for the two departments are as follows: ABC XYZ Direct Materials P630,000 P90,000 Direct Labor 180,000 720,000 Factory Overhead 540,000 360,000 Actual materials and labor costs for Job 678 were: Direct Materials P22,500 Direct Labor Dept ABC P7,200 Dept XYZ 10,800 18,000 What is the total manufacturing costs associated with Job 678?
Your Company applies manufacturing overhead to jobs using a predetermined overhead rate of 75% of direct labor cost. Any underapplied or overapplied manufacturing overhead cost is closed out to Cost of Goods Sold at the end of the month. During March, the following transactions were recorded by the company: Direct labor costs $20,000 Actual manufacturing costs: $17,000 By how much was overhead under or over applies?
It applies overhead based on direct labor hours. Information is available for August when the entity made 4,400 units: Standard: DLH per unit P2.20 Variable overhead per DLH 2.50 Fixed overhead per DLH 3.00 (based on12,000 DL hours) Actual: Direct labor hours 8,800 Variable overhead 29,950…
If estimated annual factory overhead is $980,500; overhead is applied using direct labor hours; estimated annual direct labor hours are 265,000; actual March factory overhead is $88,800; and actual March direct labor hours are 23,500; then overhead is: Multiple Choice $1,450 overapplied. $850 overapplied. $1,450 underapplied. $850 underapplied. $1,850 underapplied.
Har
immy Author Company has the following data for the past year: Actual overhead $512,000 Applied overhead: Work-in-process inventory $125,000 Finished goods inventory 170,000 Cost of goods sold 150,000 Total $445,000 Calculate the overhead variance for the year and close it to cost of goods sold. Provide all the details and working outs.
Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standard cost card of its only product: Standard Hours 2 hours Fixed manufacturing overhead During the most recent period, the following additional information was available: The total actual fixed overhead cost was $275,000. • The budgeted amount of fixed overhead cost was $285,000. 46,000 direct labor-hours were actually used to produce 24,120 units. How much was the fixed overhead volume variance? Multiple Choice $14,440 U Standard Cost $ 12.00
In Carla Vista Company, the predetermined overhead rate is 80% of direct labor cost. During the month, $219000 of factory labor costs are incurred, of which $186000 is direct labor and $33000 is indirect labor. Actual overhead incurred was $209000. The amount of overhead debited to Work in Process Inventory should be O $167200. O $175200. O $122400. O $148800.
Salado Company has a standard cost system in which it applies overhead to products based on the standard direct labour-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Total budgeted fixed overhead cost for the year $300,000 Budgeted standard direct labour-hours (denominator level of activity) 50,000 Hours Actual direct labour-hours 49,000 Hours Standard direct labour-hours allowed for the actual output 48,000 Hours Actual fixed overhead cost for the year $295,500 Required: Compute the fixed portion of the predetermined overhead rate for the year. Compute the fixed overhead budget and volume variances.
Sinbad Company applies factory overhead of the basis of direct labor hours. Budget and actual data for direct labor and overhead for the year are as follows: Budget Actual Direct labor hours 1,200,000 1,300,000 Manufacturing overhead costs 1,440,000 1,520,000 The manufacturing overhead for Sinbad for the current year is
Just answer the questions for nos. 20-22 based on the picture.