please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image) Bob Burgers allocates manufacturing overhead to jobs based on machine hours. The company has the following estimated costs for the upcoming year: Direct materials used $50,800 Direct labor costs $70,900 Wages of factory janitors $40,000 Sales supervisor salary $52,000 Utilities for factory $16,900 Rent on factory building $13,800 Advertising expense $5,130 The company estimates that 2,020 direct labor hours will be worked in the upcoming year, while 1,200 machine hours will be used during the year. The predetermined manufacturing overhead rate per machine hour will be (Round your answer to the nearest cent.) A. $207.94. B. $58.92. C. $106.53. D. $25.58.
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
please answer within the format by providing formula the detailed working
Please provide answer in text (Without image)
Please provide answer in text (Without image)
Please provide answer in text (Without image)
Bob Burgers allocates manufacturing
Direct materials used $50,800
Direct labor costs $70,900
Wages of factory janitors $40,000
Sales supervisor salary $52,000
Utilities for factory $16,900
Rent on factory building $13,800
Advertising expense $5,130
The company estimates that 2,020 direct labor hours will be worked in the upcoming year, while 1,200 machine hours will be used during the year.
The predetermined manufacturing overhead rate per machine hour will be (Round your answer to the nearest cent.)
A. $207.94.
B. $58.92.
C. $106.53.
D. $25.58.
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