Huxtabie charges manutacturing overhead to products by using a predelermned appicaton rate, comped on the basis ofmachine hours. The tolowing data pertain to the curent yearBudgeted manufacturing overhead $470,000Actual manutacturing overhead $ 428 900Budgeted machine hours 23.500Actual machine hours 18530Overhead applied to production totaied$33800$536600$370.600some other ahount

Name: Huxtabie charges manutacturing overhead to products by using a predel
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Description: Huxtabie charges manutacturing overhead to products by using a predelermned appicaton rate, comped on the basis ofmachine hours. The tolowing data pertain to the curent yearBudgeted manufacturing overhead $470,000Actual manutacturing overhead $ 428

A predetermined overhead rate is an allocation rate that is used to apply the estimated cost of…

Business

Accounting

Hutabie charges manutactung overhead to product by using a predelemned appicaton a, compued on the bas of machine hours The tolowing data pertain to the curent year Budgeted manutactung overhead S4o,000 Aal manutactunng overhead42800 Budgeted machine hours 23.500 Actual machine hours 18530 Overhead applied to production totaed 3300 $370.600 O S00 eme other ahount

Hutabie charges manutactung overhead to product by using a predelemned appicaton a, compued on the bas of machine hours The tolowing data pertain to the curent year Budgeted manutactung overhead S4o,000 Aal manutactunng overhead42800 Budgeted machine hours 23.500 Actual machine hours 18530 Overhead applied to production totaed 3300 $370.600 O S00 eme other ahount

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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S Direct materials (cork board) Direct labor Bullseye Company manufactures dartboards. Its standard cost information follows: Standard Price (Rate) $ 2.30 per sq. ft. $10.00 per hr. Standard Unit Cost Standard Quantity 3.00 sq. ft. 1 hrs. $ 6.90 10.00 Variable manufacturing overhead. (based on direct labor hours) Fixed manufacturing overhead ($58,000+145,000 units) 1 hrs. $ 0.55 per hr. 0.55 0.40 Bullseye has the following actual results for the month of September: Number of units produced and sold Number of square feet of corkboard used Cost of corkboard used Number of labor hours worked Direct labor cost 125,000 390,000 $ 936,000 135,000 $1,228,500 Variable overhead cost Fixed overhead cost $ 71,000 $ 53,000 Required: 1. Calculate the direct materials price, quantity, and total spending variances for Bullseye. 2. Calculate the direct labor rate, efficiency, and total spending variances for Bullseye. 3. Calculate the variable overhead rate, efficiency, and total spending variances for…
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ssment Tool iFrame A manufactured product has the following information for June. Direct materials Direct labor Overhead Units manufactured Standard Quantity and Cost 7 pounds @ $8 per pound 3 DLH @ $15 per DLH 3 DLH @ $12 per DLH Actual Results 59,200 pounds @ $8.10 per pound 24,900 hours @ $15.50 per hour $ 308,700 8,400 units Exercise 23-8 (Algo) Standard cost per unit, total budgeted and actual costs, and total cost variance LO P2 (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for June production. (3) Compute total actual cost for June production. (4) Compute total cost variance for June. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Prepare the standard cost card showing standard cost per unit. Direct materials Direct labor Overhead Total $ 0
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