Ch 17-19 2:47 1. Compute the total number of budgeted direct labor hours for the year. 2. Compute the plantwide overhead rate using budgeted direct labor hours. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Hydro Sports budgets overhead cost of $546,000 for the year. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours per unit are 6 for the standard model and 15 for the deluxe model. The company budgets production of 130 units of the standard model and 130 units of the deluxe model for the year. Saved Model 3. Compute overhead cost per unit for each model using the plantwide overhead rate. Actual direct labor hours per unit are 6 for the standard model and 15 for the deluxe model. Compute the total number of budgeted direct labor hours for the year. Direct Labor Hours per Unit Budgeted Direct Labor Hours Standard Deluxe Total Required 3 Number of Units < Required 1 < Prev 4 of 4 0 Help Required 2 > Save & Exit Next > New Chrome available Submit

Ch 17-19 2:47 1. Compute the total number of budgeted direct labor hours for the year. 2. Compute the plantwide overhead rate using budgeted direct labor hours. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Hydro Sports budgets overhead cost of $546,000 for the year. The company manufactures two types of jet skis: standard and deluxe. Budgeted direct labor hours per unit are 6 for the standard model and 15 for the deluxe model. The company budgets production of 130 units of the standard model and 130 units of the deluxe model for the year. Saved Model 3. Compute overhead cost per unit for each model using the plantwide overhead rate. Actual direct labor hours per unit are 6 for the standard model and 15 for the deluxe model. Compute the total number of budgeted direct labor hours for the year. Direct Labor Hours per Unit Budgeted Direct Labor Hours Standard Deluxe Total Required 3 Number of Units < Required 1 < Prev 4 of 4 0 Help Required 2 > Save & Exit Next > New Chrome available Submit

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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Xuereb Manufacturing Company manufactures blue rugs, using wool and dye as direct materials. One rug is budgeted to use 35 skeins of wool at a cost of $6 per skein and 0.8 gallons of dye at a cost of $10 per gallon. All other materials are indirect. At the beginning of the year Xuereb has an inventory of 466,000 skeins of wool at a cost of $1,165,000 and 4,400 gallons of dye at a cost of $27,280. Target ending inventory of wool and dye is zero. Xuereb uses the FIFO inventory cost flow method. A (Click the icon to view the additional information.) There is no direct manufacturing labor cost for dyeing. Xuereb budgets 50 direct manufacturing labor-hours to weave a rug at a budgeted rate of $17 per hour. It budgets 0.2 machine-hours to dye each skein in the dyeing process. E (Click the icon to view the budgeted overhead costs.) Read the requirements. Requirement 1. Prepare a direct material usage budget in both units and dollars. More Info Begin with the physical units portion, then…
Exercise 17-9 (Algo) Allocating overhead using plantwide rate and departmental rates LO P1, P2 Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Fabricating Assembly Overhead cost $ 1,000,000 $ 384,000 Direct labor hours 125,000 DLH 48,000 DLH Machine hours 100,000 MH 82,500 MH Laval reports the following for one of its products, a desk lamp. Number of Units Fabricating Department Assembly Department Direct Labor Hours per Unit Machine Hours per Unit Direct Labor Hours per Unit Machine Hours per Unit Desk lamp 5,000 4 DLH per unit 2 MH per unit 1 DLH per unit 0.4 MH per unit Required:1. Determine the plantwide overhead rate using 173,000 direct labor hours as the allocation base.2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate.3. Compute departmental overhead rates based on machine hours in the…
Exercise 17-9 (Algo) Allocating overhead using plantwide rate and departmental rates LO P1, P2 Laval produces lighting fixtures. Budgeted information for its two production departments follows. The departments use machine hours (MH) and direct labor hours (DLH). Fabricating Overhead cost $ 1,280,000 Direct labor hours Machine hours 182,500 DLH 80,000 MH Assembly $ 420,000 30,000 DLH 73,500 MH Laval reports the following for one of its products, a desk lamp. Number of Desk lamp Units 5,000 Required: Fabricating Department Assembly Department Direct Labor Hours Machine Hours per Direct Labor Hours Machine Hours per per Unit per Unit Unit 5 DLH per unit 4 MH per unit Unit 3 DLH per unit 0.5 MH per unit 1. Determine the plantwide overhead rate using 212,500 direct labor hours as the allocation base. 2. Determine the overhead cost per unit for the desk lamp using the plantwide overhead rate. 3. Compute departmental overhead rates based on machine hours in the Fabricating department and…
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Question 5 Emma Co manufactures electric motors. The company expects to sell 440 units in June and 585 units in July. Beginning and ending finished goods for June is expected to be 40 and 95 units, respectively. July's ending finished goods is expected to be 125 units. The company's variable manufacturing overhead is $4 per unit produced and its fixed manufacturing overhead is $6220 per month. Emma's manufacturing overhead budget for July $ tiap. 5.0
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#3 Required information [The following information applies to the questions displayed below.] A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 6 pounds @ $9 per pound 2 DLH @ $17 per DLH 2 DLH @ $12 per DLH Total budgeted (standard) cost Actual Results (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June.
23: Siding Company manufactures 3 types of siding for homes: Tin, Wood and Vipak The budgeted factory overhead cost is $3,000,000. Overhead is allocated to the three products on the basis of direct labor hours. The products have the following budgeted production volumes and direct labor hours / unit: Expected Volume Direct Labor Hours / Unit Tin 5,000 units 4,000 units 5.0 Wood 3.0 Vival 2,000 units 7.0 Calculate 1: the Single Plantwide Overhead Rate, and 2: The overhead allocated to each product. Round any answers to 2 decimal places. Hint: you will need to calculate the total activity base as it is not given! Rate: Overhead Per Unit: Tin Wood Vival
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Ch. 8 Total Budgeted Manufacturing Overhead Please solve and explain the following problem Edison's Corporation manufacturing overhead rate is $5.00 per direct labor hour. Budgeted Direct Labor cost is $20 per hour. Total budgeted fixed overhead is $25,000 per month. Total budgeted direct-labor hours for the month of July is 20,000. Total budgeted manufacturing overhead for July is??