Question:75 Use the data given below. Direct labor hours Machine hours Depreciation on salespeople's autos Indirect materials Depreciation on trucks used to deliver uniforms to Depreciation on plant and equipment Indirect manufacturing labor Customer service hotline Plant utilities Direct labor cost Budget Actual 7,600 6,100 7,000 6,500 $ 21,500 $ 21,500 $ 49,000 $ 54,500 $13,000 $10,500 $ 66,000 $ 67,000 $ 39,000 $ 40,000 $ 19,500 $ 21,000 $ 35,000 $ 37,500 $ 71,000 $ 86,000 Requirement:1. Compute the predetermined manufacturing overhead rate.2. Calculate the allocated manufacturing overhead for the past year. The Alderman Company has prepared a sales budget of 48,000 finished units for a 3-month period. The company has an inventory of 14,000 units of finished goods on hand on December 31 and has a target finished goods inventory of 16,000 units at the end of the succeeding quarter. It takes 2 gallons of direct materials to make one unit of the finished product. The company has an inventory of 68,000 gallons of direct materials on December 31 and has a target ending inventory of 58,000 gallons at the end of the succeeding quarter. How many gallons of direct materials should Alderman Company purchase during the 3 months ending March 31? Tech Solvers produces 8-foot USB cables. During the past year, the company purchased 59,374,000 feet of plastic-coated wire at a price of $0.28 per foot. The standard of The direct material for the cables allows 8.56 feet of wire at a standard price of $0.26. During the year, the company used a total of 534,690 feet of wire to produce 69,400 8-foot cables. Calculate Tech Solvers' direct materials quantity variance for the year.
Question:75 Use the data given below. Direct labor hours Machine hours Depreciation on salespeople's autos Indirect materials Depreciation on trucks used to deliver uniforms to Depreciation on plant and equipment Indirect manufacturing labor Customer service hotline Plant utilities Direct labor cost Budget Actual 7,600 6,100 7,000 6,500 $ 21,500 $ 21,500 $ 49,000 $ 54,500 $13,000 $10,500 $ 66,000 $ 67,000 $ 39,000 $ 40,000 $ 19,500 $ 21,000 $ 35,000 $ 37,500 $ 71,000 $ 86,000 Requirement:1. Compute the predetermined manufacturing overhead rate.2. Calculate the allocated manufacturing overhead for the past year. The Alderman Company has prepared a sales budget of 48,000 finished units for a 3-month period. The company has an inventory of 14,000 units of finished goods on hand on December 31 and has a target finished goods inventory of 16,000 units at the end of the succeeding quarter. It takes 2 gallons of direct materials to make one unit of the finished product. The company has an inventory of 68,000 gallons of direct materials on December 31 and has a target ending inventory of 58,000 gallons at the end of the succeeding quarter. How many gallons of direct materials should Alderman Company purchase during the 3 months ending March 31? Tech Solvers produces 8-foot USB cables. During the past year, the company purchased 59,374,000 feet of plastic-coated wire at a price of $0.28 per foot. The standard of The direct material for the cables allows 8.56 feet of wire at a standard price of $0.26. During the year, the company used a total of 534,690 feet of wire to produce 69,400 8-foot cables. Calculate Tech Solvers' direct materials quantity variance for the year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question:75
Use the data given below.
Direct labor hours
Machine hours
Depreciation on salespeople's autos
Indirect materials
Depreciation on trucks used to deliver uniforms to
Depreciation on plant and equipment
Indirect manufacturing labor
Customer service hotline
Plant utilities
Direct labor cost
Budget
Actual
7,600
6,100
7,000
6,500
$ 21,500
$ 21,500
$ 49,000
$ 54,500
$13,000
$10,500
$ 66,000
$ 67,000
$ 39,000
$ 40,000
$ 19,500
$ 21,000
$ 35,000
$ 37,500
$ 71,000
$ 86,000
Requirement:1. Compute the predetermined manufacturing overhead
rate.2. Calculate the allocated manufacturing overhead for the past
year.
The Alderman Company has prepared a sales budget of 48,000 finished
units for a 3-month period. The company has an inventory of 14,000
units of finished goods on hand on December 31 and has a target
finished goods inventory of 16,000 units at the end of the succeeding
quarter. It takes 2 gallons of direct materials to make one unit of the
finished product. The company has an inventory of 68,000 gallons of
direct materials on December 31 and has a target ending inventory of
58,000 gallons at the end of the succeeding quarter.
How many gallons of direct materials should Alderman Company
purchase during the 3 months ending March 31?
Tech Solvers produces 8-foot USB cables. During the past year, the
company purchased 59,374,000 feet of plastic-coated wire at a price of
$0.28 per foot. The standard of The direct material for the cables allows
8.56 feet of wire at a standard price of $0.26. During the year, the
company used a total of 534,690 feet of wire to produce 69,400 8-foot
cables.
Calculate Tech Solvers' direct materials quantity variance for the year.
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