Factory Overhead Rate The flexible budget of Cardo Corporation in different levels of direct labor hours. Direct Labor Hours 20,000 hours 30,000 hours 40,000 hours Variable FOH PHP 40,000 PHP 60,000 PHP 40,000 Fixed FOH PHP 10,000 PHP 10,000 PHP 10,000 Each product needs 5 direct labor hours, and the company expects to produce 2,000 units in 2030. Calculate the total factory overhead rate per unit using: 1. Direct Labor hours as allocation base 2. Units of production as allocation base

Factory Overhead Rate The flexible budget of Cardo Corporation in different levels of direct labor hours. Direct Labor Hours 20,000 hours 30,000 hours 40,000 hours Variable FOH PHP 40,000 PHP 60,000 PHP 40,000 Fixed FOH PHP 10,000 PHP 10,000 PHP 10,000 Each product needs 5 direct labor hours, and the company expects to produce 2,000 units in 2030. Calculate the total factory overhead rate per unit using: 1. Direct Labor hours as allocation base 2. Units of production as allocation base

Name: Factory Overhead RateThe flexible budget of Cardo Corporation in diff
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Factory Overhead RateThe flexible budget of Cardo Corporation in different levels of direct labor hours.Direct Labor Hours20,000 hours30,000 hours40,000 hoursVariable FOHPHP 40,000PHP 60,000PHP 40,000Fixed FOHPHP 10,000PHP 10,000PHP 10,000Each produ

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

How much is the over/underapplied FOH? Indicate whether over/underapplied. Ex. 123456 Overapplied or 123456 Underapplied A company manufactures plastic products for the home and restaurant market. The company also does contract work for other customers and utilizes a job order costing system. The flexible budget covering next years' expected range of activity is: 50,000 40,000 80,000 64,000 P100,000 P160,000 P220,000 150,000 Р250,000 Р310,000 Р370,000 Direct Labor Hours 110,000 88,000 Machine Hours Variable OH Costs Fixed OH Costs 150,000 150,000 Total OH Costs A predetermined overhead rate is based on direct labor hours is used to apply total overhead. Management has estimated that 100,000 direct labor hours will be used next year. At the end of the year, actual direct labor hours for the year were 112,375 hours and the actual manufacturing overhead for the year was P412,525.
Required Information [The following information applies to the questions displayed below.] The fixed budget for 21,500 units of production shows sales of $559,000; variable costs of $64,500; and fixed costs of $142,000. If the company actually produces and sells 26,500 units, calculate the flexible budget Income. Sales Variable costs Contribution margin Fixed costs Income ------Flexible Budget-..... Variable Amount Total Fixed per Unit Cost $ 689,000 689,000 ------Flexible Budget at 21,500 units $ $ 0 0 26,500 units $ $ 0 0
Mi.2
le Fairfield Company management has budgeted the following amounts for its next fiscal year: Selling price per unit Variable expenses per unit Total fixed expenses $40.00 per unit $25.00 per unit $832,500 What is the break-even point in units? a. 55,500 units O b. 74,500 units O c. 33,300 units O d. 54,000 units Clear my choice to search
Please use following terms and organize income statements correctly please with numbers thank you
3
F Based on predicted production of 25,000 units, a company budgets $280,000 of fixed costs and $275,000 of variable costs. If the company actually produces 19,800 units, what are the flexible budget amounts of fixed and variable costs? -----Flexible Budget------ Variable Amount per Unit Total Fixed Cost 19,800 units $ 275,000 Variable cost Fixed costs 280,000 2 W S # 3 E D $ 4 $ D R F 4 U 8 J 9 K
Calculate the total factory overhead rate per unit using direct labor hours as allocation base. The flexible budget coco corp. in different levels of direct labor hours. Direct labor hours 20,0000 30,000 40,000 Variable FOH 40,0000 60,000 80,000 Fixed FOH 10,0000 10,000 10,000 Each product needs 5 direct labor hours and the company expects to produce 2,000 units in 2021. Calculate the total factory overhead rate per unit using units of production as allocation base.
A company's flexible budget for 15,000 units of production showed per unit contribution margin of $4.10 and fixed costs, $25,000. The income expecte if the company produces and sells 18,000 units is: "Multiple Choice $73,800. $36,500 $8,000 O $25,000 $48,800 6
Q1. Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead rates at 70% and 80% capacity. Variable Overheads (60% capacity) Indirect Material = Rs. 6,000 Labour Rs. 18,000 Semi-variable overheads: Electricity (40% fixed) = Rs. 40,000 Repairs (80% fixed) = Rs. 2,400 Fixed Overheads: Depreciation Rs. 16,500 = Insurance = Rs. 4,500 Salaries= Rs. 20,000 Estimated Labour Hours 15,000 hrs = E
vercise 2-Flexible budget and overhead rates: Babyl Company expects a normat capacity of 20,000 direct labor hours for March 2017. The over- head costs under this normal capacity are as follows: Fixed costs ID 1,000,000 ID 800,000 ID 2,200,000 ID 3,000,000 ID 400,000 Variable costs ID 100 per Indirect labor Other costs ID 50 per DLH Maintenance ID 120 per DLH Depreciation Supplies ID 20 per DLH Required: 1-Prepare flexible budget for levels of activity from 18,000 to 24,000 direct labor hours in increments of 2,000 direct labor hours. 2- Calculate standard overhead rates.
TASK B. Read the problem and provide what is being required. 1. Golf Corporation estimates that its production for the coming year will be 25,000 units, which is 90% of normal capacity, with the following units costs: Materials P50 Direct labor 90 Direct labor is paid at the rate of P25 per hour. The machine should be run 20 minutes to produce one unit. Total estimated overhead is expected to consist of P900,000 for variable overhead and P900,000 for fixed overhead. a. What is the predetermined overhead rate base on units of production using the expected actual capacity activity level? b. What is the predetermined overhead rate base on material cost? C. What is the predetermined overhead rate base on direct labor cost? d. What is the predetermined overhead rate base on direct labor hours? e. What is the predetermined overhead rate based on machine hours? What is the predetermined overhead rate base on units of production using the normal capacity level? g. What is the predetermined…