October November Activity level in units. Variable costs. 5,000 10,000 $10,000 Fixed costs... Mixed costs Total costs 30,000 20,000 ? $60,000 $75,000 ......
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The following data pertain to activity and costs for two recent months:
Assuming that these activity levels are within the relevant range, the mixed costs for November were:
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- A company uses a standard costing system and applies overhead to production based on direct labor-hours. It provided the following information for its most recent year. $300,000 $276,000 60,000 56,000 56,500 Budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours (denominator hours) Actual direct labor-hours Standard direct labor-hours al1lowed for actual output What is the fixed overhead volume variance? Multiple Cholce $20,000 F $17,500 U $20,000 U MacBook Air 吕口 豐The cost of energy consumed in producing good units in the Bottling Department of Mountain Springs Water Company was $1,100 and $1,107 for June and July, respectively. The number of equivalent units produced in June and July was 11,000 and 12,300 liters, respectively. Evaluate the change in the cost of energy between the two months. Round your answers to the nearest cent. Energy cost per liter, June Energy cost per liter, July The cost of energy has LA by $Which one is the correct answer?
- The variable overhead spending variance is most effective in measuring: O how well overhead spending matches the targets set in the original budget at the beginning of the year. O the efficiency with which the activity base was utilized in production. O the excessive use of overhead resources. O the utilization of plant facilities.Using Process Costs For Decision Making The costs of energy consumed in producing good units in the Baking Department of Pan Company were $31,552 and $33,792 for June and July, respectively. The number of equivalent units produced in June and July was 46,400 pounds, and 52,800 pounds, respectively. Evaluate the change in the cost of energy between the two months. Round all answers to the nearest whole cent.17. The following information is available for electricity costs for the last six months of the year: Month Volume Costs July 2,800 4.400 August 5,600 10,800 September 6,400 11,400 October 3.500 7,800 November 2,400 4,800 December 4,200 8,100 Using the high-low method, what is the fixed costs?
- Using Process Costs For Decision Making The costs of energy consumed in producing good units in the Baking Department of Victor Company were $26,160 and $26,265 for June and July, respectively. The number of equivalent units produced in June and July was 54,500 pounds and 51,500 pounds, respectively. Evaluate the change in the cost of energy between the two months. Round all answers to the nearest cent. Energy cost per pound, June $ Energy cost per pound, July $ The cost of energy has appeared to by $ per pound between June and July.The costs of materials consumed in producing good units in the Production Department of Jacobs Company were $38,000 and $39,125 for June and July, respectively. The number of equivalent units produced in June and July was 4,000 and 4,250, respectively. Which of the following best describes the change in the cost of materials between the two months? Oa. The cost of materials increased by $1,125, indicating an unfavorable change. Ob. The cost of materials decreased by $0.29 per unit, indicating an improvement. C. The cost of materials increased by $0.88 per unit, indicating an unfavorable change. d. The cost of materials increased by $0.28 per unit, indicating an unfavorable changeAssume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following information for its most recent year: Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours Actual direct labor-hours Standard direct labor-hours allowed for the actual output What is the fixed overhead volume variance? Multiple Choice O $20,000 U $20,000 F $9,000 U $9,000 F $ 300,000 $ 276,000 60,000 56,000 58, 200
- Harper Company's performance report indicated the following information for the past month:Actual total overhead P1,600,000Budgeted fixed overhead 1,500,000Applied fixed overhead at P3 per labor hour 1,200,000Applied variable overhead at P0.50 per labor hour 200,000Actual labor hours 430,000Remember that we assume cost is applied using the standard costing. Harper's total overhead efficiency variance (OSV) for the month was:Horn Industries uses a standard cost accounting system and applies manufacturing overhead based on machine hours. Here are data regarding Horn's production activity for the month of July: Actual variable manufacturing overhead costs Actual machine hours Variable manufacturing overhead rate variance Variable manufacturing overhead spending variance O 1,450 hours For purposes of applying manufacturing overhead to work in process inventory, what are the standard hours allowed for July? O 1,500 hours 1,650 hours O 1,700 hours $11,312 1,600 hours None of the above $1,712 unfavorable $2,312 unfavorableRefer to the information in Question 1 for data. Now, assume that Juju has decided to use a plantwide overhead rate based on the direct labor hours. Required: i) Calculate the predetermined plantwide overhead rate. (Note: Round to the nearest cent.) ii) Calculate the overhead applied to production for the month of Jun. iii) Calculate the overhead variance for the month of Jun.