Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 80,500 to 128,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $2. In March 2022, the company incurs the following costs in producing 104,400 units: direct materials $444,600, direct labour $726,800, and variable overhead $947,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.) Units Produced > > LA Budget ORIOLE COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2022 LA Actual LA Differenc Favourabl Unfavoural Neither Favou nor Unfavour E

Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 80,500 to 128,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $2. In March 2022, the company incurs the following costs in producing 104,400 units: direct materials $444,600, direct labour $726,800, and variable overhead $947,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.) Units Produced > > LA Budget ORIOLE COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2022 LA Actual LA Differenc Favourabl Unfavoural Neither Favou nor Unfavour E

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 4CMA: Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold...

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Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead costs per month include supervision of 98,000, depreciation of 76,000, and other overhead of 245,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. 2. What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.) 3. What if Nashler Companys cost of maintenance rose to 0.22 per unit? How would that affect the unit product costs calculated in Requirement 2?
A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000
Adam Corporation manufactures computer tables and has the following budgeted indirect manufacturing cost information for the next year: If Adam uses the step-down (sequential) method, beginning with the Maintenance Department, to allocate support department costs to production departments, the total overhead (rounded to the nearest dollar) for the Machining Department to allocate to its products would be: a. 407,500. b. 422,750. c. 442,053. d. 445,000.
Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and administrative costs next year. Direct labor costs at 5 per hour are expected to total 50,000. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 20 hours of direct labor? a. 120 b. 260 c. 28 d. 140
Krouse Company produces two products, forged putter heads and laminated putter heads, which are sold through specialty golf shops. The company is in the process of developing itsoperating budget for the coming year. Selected data regarding the companys two products areas follows: Manufacturing overhead is applied to units using direct labor hours. Variable manufacturing overhead Ls projected to be 25,000, and fixed manufacturing overhead is expected to be15,000. The estimated cost to produce one unit of the laminated putter head is: a. 42. b. 46. c. 52. d. 62.
Colonels uses a traditional cost system and estimates next years overhead will be $480,000, with the estimated cost driver of 240,000 direct labor hours. It manufactures three products and estimates these costs: If the labor rate is $25 per hour, what is the per-unit cost of each product?
Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 80,500 to 128,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $2. In March 2022, the company incurs the following costs in producing 104,400 units: direct materials $444,600, direct labour $726,800, and variable overhead $947,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.).
Wildhorse Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 86,500 to 126,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision $1. In March 2022, the company incurs the following costs in producing 106,400 units: direct materials $452,600, direct labour $741,800, and variable overhead $965,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs. Don't give answer in image format
Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 79,600 to 113,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $1. In March 2022, the company incurs the following costs in producing 96,300 units: direct materials $511,500, direct labour $665,100, and variable overhead $1,065,300. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.) ORIOLE COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2022
Indigo Company expects to produce 1,440,000 units of Product XX in 2022. Monthly production is expected to range from 96,000 to 144,000 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 120,000 units: direct materials $624,000, direct labor $715,20O, and variable overhead $966,000. Actual fixed costs were equal to budgeted fıxed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) INDIGO COMPANY Manufacturing Flexible Budget Report Budget Actual $ $ $ $ $ Were costs controlled?
Flounder Company expects to produce 1,080,000 units of Product XX in 2022. Monthly production is expected to range from 72,000 to 108,000 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 90,000 units: direct materials $468,000, direct labor $536,400, and variable overhead $724,500. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs) $ Budget FLOUNDER COMPANY Manufacturing Flexible Budget Report Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable 100
Swifty Company expects to produce 1,215,600 units of Product XX in 2020. Monthly production is expected to range from 79,000 to 111,000 units. Budgeted variable manufacturing costs per unit are: direct materials $5, direct labor $6, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $2. In March 2020, the company incurs the following costs in producing 95,000 units: direct materials $498,000, direct labor $569,00, and variable overhead $1,053,000. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) SWIFTY COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorabl Neither Favora Budget Actual nor Unfavora 95000 95000 $ $ $ $ $ $ $ $ $ > > >