Healthy Earth Products Inc. produces fertilizer and distributes the product by using company trucks. The controller of the company uses budgeted fleet hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: Budgeted output units Budgeted fleet hours Budgeted pounds of fertilizer Budgeted variable manufacturing overhead costs $93,600 Actual output units produced and delivered Actual fleet hours O $114.00 O $123.16 $120.00 800 truckloads 520 hours $117.00 28,000,000 pounds Actual pounds of fertilizer produced&delivered Actual variable manufacturing overhead costs What is the budgeted variable overhead cost rate per output unit? 760 truckloads 460 hours 29,400,000 pounds $91,200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question

Please do not give solution in image format thanku 

Healthy Earth Products Inc. produces fertilizer and distributes the product by
using company trucks. The controller of the company uses budgeted fleet
hours to allocate variable manufacturing overhead. The following information
relates to the company's manufacturing overhead data:
Budgeted output units
Budgeted fleet hours
Budgeted pounds of fertilizer
Budgeted variable manufacturing overhead costs $93,600
Actual output units produced and delivered
Actual fleet hours
O $114.00
O $123.16
800 truckloads
520 hours
$120.00
$117.00
28,000,000 pounds
Actual pounds of fertilizer produced&delivered
Actual variable manufacturing overhead costs
What is the budgeted variable overhead cost rate per output unit?
760 truckloads
460 hours
29,400,000 pounds
$91,200
Transcribed Image Text:Healthy Earth Products Inc. produces fertilizer and distributes the product by using company trucks. The controller of the company uses budgeted fleet hours to allocate variable manufacturing overhead. The following information relates to the company's manufacturing overhead data: Budgeted output units Budgeted fleet hours Budgeted pounds of fertilizer Budgeted variable manufacturing overhead costs $93,600 Actual output units produced and delivered Actual fleet hours O $114.00 O $123.16 800 truckloads 520 hours $120.00 $117.00 28,000,000 pounds Actual pounds of fertilizer produced&delivered Actual variable manufacturing overhead costs What is the budgeted variable overhead cost rate per output unit? 760 truckloads 460 hours 29,400,000 pounds $91,200
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education