Delaware Corp. prepared a master budget that included $22140 for direct materials, $28,000 for direct labor, $16,400 for variable overhead, and Saved $39,000 for fixed overhead. Delaware Corp. planned to sell 4,100 units during the period, but actually sold 4,340 units. What would Delaware's fired overhead cost be if it used a flexible budget for the period based on actual sales? Multiple Choice $39,000 $41,903 $166,710 $36,300

Delaware Corp. prepared a master budget that included $22140 for direct materials, $28,000 for direct labor, $16,400 for variable overhead, and Saved $39,000 for fixed overhead. Delaware Corp. planned to sell 4,100 units during the period, but actually sold 4,340 units. What would Delaware's fired overhead cost be if it used a flexible budget for the period based on actual sales? Multiple Choice $39,000 $41,903 $166,710 $36,300

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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Fogel Company expects to produce and sell 112.000 units for the period. The company's flexible budget for 112,000 units shows variable overhead costs of $156.800 and fixed overhead costs of $133,000. The company incurred actual total overhead costs of $254,800 while producing 106,000 units. a. Compute the total variable overhead costs for the flexible budget when producing 106,000 units. b. Compute the budgeted (flexible) total overhead when producing 106,000 units. c. Compute the controllable variance and identify it as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Flexible Budget Flexible Budget at- Variable Amount per Unit 112,000 units Total Fixed Cost 106,000 units Total flexible budget Controllable Overhead Variance Controllable overhead variance
Jase Manufacturing Co.'s static budget at 7,700 units of production includes $30,800 for direct labor and $3,080 for electric power. Total fixed costs are $41,500. At 10,700 units of production, a flexible budget would show a.variable costs of $47,080 and $41,500 of fixed costs b.variable costs of $33,880 and $41,500 c.variable and fixed costs totaling $75,380 d.variable costs of $47,080 and $57,669 of fixed costs
Fogel Company expects to produce and sell 110,000 units for the period. The company's flexible budget for 110,000 units shows variable overhead costs of $154,000 and fixed overhead costs of $129,000. The company incurred actual total overhead costs of $253,800 while producing 104,000 units. a. Compute the total variable overhead costs for the flexible budget when producing 104,000 units. b. Compute the budgeted (flexible) total overhead when producing 104,000 units. c. Compute the controllable variance and identify it as favorable or unfavorable. (Round "Variable amount per unit" to 2 decimal places.) Variable Costs Fixed Costs Budgeted (flexible) overhead Controllable variance) Variable Amount per Unit Controllable Variance Total Fixed Cost 110,000 units $ Flexible Budget at- $ 154,000 129,000 283,000 104,000 units
Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $3 per unit, direct labor of $4 per unit, and manufacturing overhead of $2 per unit. Fixed costs are $30,968. What would be the budgeted amounts for 26,397 units?
Miller and Sons' static budget for 10,500 units of production includes $43,700 for direct materials, $53,400 for direct labor, variable utilities of $8,000, and supervisor salaries of $15,700. A flexible budget for 12,900 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations. Oa. total variable costs of $120,800 Ob. the same cost structure in total Oc. direct materials of $53,689, direct labor of S65,606, utilities of $9,829, and supervisor salaries of $18,840 Od. direct materials of $53,689, direct labor of $65,606, utilities of $9,829, and supervisor salaries of $15,700
Bramble Corp.produced 200000 units in 128000 direct labor hours. Production for the period was estimated at 267000 units and 141000 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at O 195000 hours and 141000 hours. Ⓒ141000 hours and 128000 hours. 128000 hours and 128000 hours. O 195000 hours and 128000 hours.
Casey Limited, which manufactures a single product, is considering whether to use marginal or absorption costing to report its budgeted profit in itsmanagement accounts. The following information is available: $/unit Direct materials 2 Direct labour 8 10 Selling price 35 Fixed production overheads are budgeted to be $25,000 per month and are absorbed on an activity level of 10,000 units per month. For the month in question, sales are expected to be 8,000 units althoughproduction units will be 10,000 units. Fixed selling costs of $15,000 per month will incurred and the variable selling costs would be $0.20 per unit. There are no opening Inventory. Required:Prepare the budgeted profit and loss account for a month for Casey Limited using absorption costing. Clearly show the valuation of any Inventory figures.
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Safeflower Systems allocates manufacturing overhead based on machine hours. Each connector should require 13 machine hours. According to the static budget, Safeflower expected to incur the following: (Click the icon to view the static budget information.) During August, Safeflower actually used 500 machine hours to make 86 connectors and spent $5,300 in variable manufacturing costs and $9,100 in fixed manufacturing overhead costs. Calculate the variable overhead cost variance for Safeflower. A. $290 F OB. $2,800 U OC. $5,890 F O-D. $3,090 F Data Table 1,300 machine hours per month (100 connectors x 13 machine hours per connector) $6,500 in variable manufacturing overhead costs $7,535 in fixed manufacturing overhead costs Print Done X
Your Corporation's flexible budget cost formula for supplies, a variable overhead cost, is $2.17 per unit of output. The company's flexible budget performance report for last month showed a $4,531 favorable variance for supplies. During that month, 16,500 units were produced. Budgeted activity for the month had been 20,000 units. What was the actual cost per unit paid for indirect materials? O $1.90 $2.17 $2.44 O $1.94 O $2.40
MicroMatic Company's static budget for 14,000 units of production includes $56,000 for direct materials, $28,000 for direct labor, utilities of $7,000, and supervisor salaries of $18,000. A flexible budget for 16,000 units of production would show a. the same cost structure in total b. direct materials of $64,000, direct labor of $32.000, utilities of $8,000, and supervisor salaries of $18,000 Oc. direct materials of $56,000, direct labor of $42,000, utilities of $7,000, and supervisor salaries of $21,000 Od. total variable costs of $126.800