equipment Wages 600,000 Fringe benefits 9,000 Other direct expenses: Travel $15,000 Entertainment 12,000 12,000 1. Prepare an Overhead budget. 2. Prepare an Other Expenses budget. 3. Prepare a Budgeted Income Statement. Domino Consulting, budgeted overhead and other expenses as follows for the year ended December 31, 2023: Overhead: Rent $ 25,000 Repairs 10,000 Fuel 35,000 Maintenance 15,750 Supplies 6,100 light Heat and Depreciation- computer Miscellaneous 6,000 Depreciation- building Depreciation- 20,250 9,400 18,000

1.2) Administrative salaries Freight in and out Depreciation Ducan Steel Products Manufacturing Overhead Budget Quarter 1 Quarter 2 R150,000 9,000 20,000 R152,000 9,000 20,000 Quarter 3 R154,000 11,000 19,000 Quarter 4 R160,000 11,000 22,000 1.2.1) Analyse the following costs in the Manufacturing Overhead Budget. Further for each cost provide improvements that could be made if possible to improve the budget.

Research and development cost for Herald Corporation for the year ended December 31, 2018: Project A - Expected total revenues P7,000,000, starting in early 2018. Expected total costs will be P5,000,000. Costs incurred to date, all in 2019, are P2,200,000. Project B - Expected total revenues P6,000,000. Costs incurred to date are P3,500,000. Expected total costs are P4,500,000. The commencement of commercial sales is uncertain due to problems in raising funds to cover the final development costs. Project C - Expected total revenues, P3,500,000 with P1,000,000 of revenue already earned in 2018. Total development costs incurred, all in 2018, were P3,800,000. Research projects. Total costs spend in 2018 were P1,500,000. What total amount should be charged against income in 2018 related to the research and development costs?

5) Hakan&Ahmet Manufacturing Company uses applied overhead rate for allocating its manufacturing overhead to its products. The following information is estimated for the upcoming year of 2024: BUDGETED COSTS AND ESTIMATED ACTIVITY LEVELS Budgeted MOH Budgeted Direct Materals Cost Budgeted Direct Labor Cost Estimated Direct Labor Hours Estimated Machine Hours AMOUNTS and HOURS $ 720,000 $ 600,000 $ 480,000 72,000 dlh 120,000 mh At the end of the first week of January 2024, the company completed only one job order. Actual costs and actual usage of dlh and mh for this unit were as follows: Job Order Direct Material Cost ($) 100 GRS-34 Direct Labor Direct Labor Cost ($) 150 Hours 15 Machine Hours 30 Q1) Calculate a predetermined manufacturing overhead rate (applied overhead rate) by using each of the cost drivers of "direct materials cost", "direct labor hours", "direct labor costs" and "machine hours". Q2) By using each of these rates, calculate the unit cost of this job order.

Relevant data from Picta Company’s operating budgets are presented below. The company’s financial year ends on 30 June.                Quarter 1Quarter 2Sales$248,470$251,539Direct material purchases120,295128,832Direct labor76,55374,289Manufacturing overhead26,00024,400Selling and administration expenses33,50033,500Depreciation included in selling and administration expenses 2,000 2,500   Collection from customers230,524220,116Cash payments for purchases114,345118,346 Additional data:Equipment was sold in July for $8,000 and $4,500 in November. Dividends of $5,500 were paid in August. The beginning cash balance was $80,395 and a required minimum cash balance per quarter is $60,000. The company has a 15% open line of credit for $70 000 with their bank. Required: a) Use this information to prepare a cash budget for the first two quarters of the year. bi) Briefly comment on Picta Company’s expected cashflow position in the first two quarters of the year.

Part 1 Waterways uses time and material pricing when it bids on drainage projects. Budgeted data for 2022 for installation division 1 are as follows. Waterways Corporation Installation Division 1 Budgeted Costs for Drainage Projects for 2022 Labour wages (5.760 hours) Supervisor's salary Clerical and accountant wages Drainage supplies manager Overhead Total Time Charges Material Loading Charges $241,920 63,360 51,840 $357,120 $ 60,000 4,000 40,000 21,000 $125,000 Waterways desires a $23 profit margin per hour of labour and 25% profit on materials. Materials are transferred in from the manufacturing division. The total estimated invoice cost of materials in 2022 will be $500,000. Instructions a. Suppose Ryan accepts the order. Determine what the impact would be on: 1. the plant, 2. the installation division, and 3. the company as a whole. b. What do you think would be the best course of action in this situation? Explain. a. Calculate the rate per hour of labour. b. Calculate the…

Given the following information, determine the activity rate for setups. Budgeted Activity Activity Setups Inspections Assembly (dlh) Oa. $5.74 Ob. $5.99 Oc. $5.68 Od. $5.61 Total Activity-Base Usage 9,800 23,100 72,000 Cost $58,700 $132,600 $404,100

For the last quarter of 2020, Carica’s cost records indicate the following:   Materials Requisitions (MR) Utility Services (US) Machining Assembly Total Budgeted overhead costs before any inter- department cost allocations $200,000 $1,000,000 $5,456,000 $7,458,000 $14,114,000 Support work supplied by MR (Number of requisitions) 0 25% 40% 35% 100% Support work supplied by US (Power costs) 10% 0 30% 60% 100%   Questions: 1. Allocate the two support departments’ costs to the two operating departments using the following methods:  a.Direct method. b. Step-down method (allocate MR first). c. Step-down method (allocate US first) d. The Algebraic.  Answer quickly

The following information pertains to Glass Works Company for 2019. Budgeted direct-labor cost: --------------------------------75,000 hours at $16 per hourActual direct-labor cost: ------------------------------------80,000 hours at $17.50 per hour.Budgeted Manufacturing Overhead: ---------------------$ 997,500Actual Manufacturing Overhead: Depreciation ------------------------------------------------- $ 240,000Property Taxes---------------------------------------------------12,000Indirect Labour --------------------------------------------------82,000Supervisory Salaries --------------------------------------------200,000Utilities------------------------------------------------------------ 59,000Insurance ----------------------------------------------------------30,000 Rental of Space-------------------------------------------------- 300,000 Indirect Material --------------------------------------------------- 79,000   a) Compute the firm’s predetermined overhead rate, which is based…

Budget Performance Report for a Cost CenterThe Eastern District of Adelson Inc. is organized as a cost center. The budget for the Eastern District of Adelson Inc. for themonth ended December 31 is as follows:Sales salaries $819,840System administration salaries 448,152Customer service salaries 152,600Billing salaries 98,760Maintenance 271,104Depreciation of plant and equipment 92,232Insurance and property taxes 41,280Total $1,923,968During December, the costs incurred in the Eastern District were as follows:Sales salaries $818,880System administration salaries 447,720Customer service salaries 183,120Billing salaries 98,100Maintenance 273,000Depreciation of plant and equipment 92,232Insurance and property taxes 41,400Total $1,954,452Required:1. Prepare a budget performance report for the manager of the Eastern District of Adelson for the month of December.Enter all amounts as positive numbers. If an amount box does not require an entry, leave it blank, or enter zero "0".