Clipboard EX.22-04 ALGO Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet Supervisor salaries Depreciation Direct labor rate 20 minutes $114,000 per month $31,000 per month $24 per hour Prepare a flexible budget for 13,000, 16,000, and 20,000 filing cabinets for the month of August in the Assembly Department. Assuming that inventories are not significant. Enter all amounts as positive numbers. CABINAIRE INC-ASSEMBLY DEPARTMENT Flexible Production Budget For the Month Ending August 31 (assumed data) Units of production Variable cost: Direct labor Total variable cost Fixed cost: Supervisor salaries Depreciation Total fixed cost Total department cost 13,000 16,000 20,000 0000 00 0000 00 10000 00 Page 5 of 6 524 words Text Predictions: On

Clipboard EX.22-04 ALGO Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet Supervisor salaries Depreciation Direct labor rate 20 minutes $114,000 per month $31,000 per month $24 per hour Prepare a flexible budget for 13,000, 16,000, and 20,000 filing cabinets for the month of August in the Assembly Department. Assuming that inventories are not significant. Enter all amounts as positive numbers. CABINAIRE INC-ASSEMBLY DEPARTMENT Flexible Production Budget For the Month Ending August 31 (assumed data) Units of production Variable cost: Direct labor Total variable cost Fixed cost: Supervisor salaries Depreciation Total fixed cost Total department cost 13,000 16,000 20,000 0000 00 0000 00 10000 00 Page 5 of 6 524 words Text Predictions: On

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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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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Flexible budget for Assembly Department Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department.Assume the following information for the Assembly Department: Direct labor per filing cabinet 12 minutesSupervisor salaries $150,000 per monthDepreciation $24,500 per monthDirect labor rate $22 per hour Direct labor per filing cabinet 12 minutes Supervisor salaries $150,000 per month Depreciation $24,500 per month Direct labor rate $22 per hour Prepare a flexible budget for 18,000, 20,000, and 22,000 filing cabinets for the month ofAugust in the Assembly Department, similar to Exhibit 5
Problem 20-1A (Algo) Manufacturing: Preparing production, materials, labor, and overhead budgets LO P1 [The following information applies to the questions displayed below.] Black Diamond Company produces snowboards. Each snowboard requires 1 pounds of carbon fiber. Management reports that 6,500 snowboards and 7,500 pounds of carbon fiber are in inventory at the beginning of the third quarter, and that 165,000 snowboards are budgeted to be sold during the third quarter. Management wants to end the third quarter with 5,000 snowboards and 5,500 pounds of carbon fiber in inventory. Carbon fiber costs $14 per pound. Each snowboard requires 0.5 hour of direct labor at $19 per hour. Variable overhead is budgeted at the rate of $9 per direct labor hour. The company budgets fixed overhead of $1,797,000 for the quarter. Problem 20-1A (Algo) Part 4 4. Prepare the factory overhead budget for the third quarter. BLACK DIAMOND COMPANY Factory Overhead Budget Direct labor hours needed Budgeted…
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Exercise 4-31 The Charito Company is planning an overhead budget cost budget for the next month, July, 2021. Past cost studies indicate that costs have followed behavior patterns as given below: Variable Rate Per Hour Indirect materials PO.90 Heat, light & power 1.20 Repairs & maintenance Lubrication 4.60 0.50 In addition, management has estimated fixed factory overhead as follows: Supervision P44,000 36,000 14,500 Indirect labor Heat, light & power 17,200 Repairs & maintenance Taxes & insurance 9,000 Total P129,000 During the next month, the company plans to manufacture 150,000 units of product. Products are produced at the rate of 6 units per hour. Normal plant capacity is 30,000 hours. REQUIRED: 1. Prepare the factory overhead budget for July, 2021. 2. Determine the unused normal capacity, if any.
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Flexible Budget for Fabrication Department Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Assembly. Assume the following information for the Assembly Department: Direct labor per filing cabinet 30 minutes Supervisor salaries $180,000 per month Depreciation $15,000 per month Direct labor rate $24 per hour Prepare a flexible budget for 10,000, 25,000, and 40,000 filing cabinets for the month of August, similar to Exhibit 5, assuming that inventories are not significant. Enter all amounts as positive numbers. Steelcase Inc. - Assembly Department Month Ending August 31 (Assumed Data) Units of production 10,000 25,000 40,000 Variable cost: Direct labor $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Fixed cost: $fill in the blank 6 $fill in the blank 7 $fill in the blank 8 fill in…
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??
PROBLEM 2 - Budgets for a David, Inc. is preparing production data have April Unit sales 400 Finished goods inventc Raw materials inventor Desired ending inventc Finished goods:30% of Raw materials:25% of r Number of pounds of ra Number of direct labor Labor rate per hour: $1 Instructions: a - Prepare the producti produced during April a b - Prepare the raw mat materials should be pur Prepar the budgeted
Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing. cabinet Supervisor salaries $147,000 per month Depreciation $20,000 per month Direct labor rate $18 per hour Prepare a flexible budget for 15,000, 19,000, and 23,000 filing cabinets for the month of August in the Assembly Department, similar to Exhibit 5. Cabinaire Inc-Assembly Department Flexible Production Budget For the Month Ending August 31 (assumed data) 15,000 19,000 23,000 Units of production Variable cost: Direct labor $ Fixed cost: Supervisor salaries $ Depreciation Total fixed cost Total department cost 20 minutes $ $ $ $ $ $ $ 2000 $ $ $