sionsQuestion 10--/1encesView PoliciesprationsCurrent Attempt in ProgressLUS SupportVaughn Manufacturing's budgeted manufacturing costs for40000 squares of shingles are:S.entral365Fixed manufacturing costs$12000Variable manufacturing costs $16 per squareVaughnproduced 30000 squares of shingles during March.How much are budgeted total manufacturing costs inMarch?O $652000O $492000O $640000O $480000search

Production-Volume Variance: Production volume variance determines the amount of overhead employed to…

Answered: sions Question 10 --/1 ences View…

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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--/1 Question 17 View Policies Current Attempt in Progress Coronado Industries manufactures a product with a standard direct labor cost of two hours at $18 per hour. During July, 1400 units were produced using 3200 hours at $18.30 per hour. The labor price variance was oport O $8160 F. O $7200 U. O $8160 U. O $960 U. hp ins prt sc f12 f11 f10 f9 f8 f7 f6 f5 6. 080 6. н TO 96
Problem 9 Jerm 7 Corporation is preparing a flexible budget and desires to separate its electricity expense, which is semi-variable and fluctuates with total machine hours, into its fixed and variable components. Information for the first three months of 2022 is as follows: January February March Machine Hours 4,375 2,500 5,000 Electricity Expense P 39.375 25,000 44.500 Requirements: 1. Compute the variable rate per machine hour. 2. Compute the fixed portion of Jem 7's electricity expense. 3. Compute the total manufacturing costs if Jem 7's actual machine hours used is 4,500.
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Problem 10-2A a-b, d (Part Level Submission) (Video) Zelmer Company manufactures tablecloths. Sales have grown rapidly over the past 2 years. As a result, the president has installed a budgetary control system for 2020. The following data were used in developing the master manufacturing overhead budget for the Ironing Department, which is based on an activity index of direct labor hours. Rate per Direct Labor Hour Variable costs Annual Fixed Costs Indirect labor $0.43 Supervision $41,040 Indirect materials 0.51 Depreciation 16,080 Factory utilities 0.30 Insurance 13,800 Factory repairs 0.20 Rent 29,520 The master overhead budget was prepared on the expectation that 478,700 direct labor hours will be worked during the year. In June, 38,800 direct labor hours were worked. At that level of activity, actual costs were as shown below. Variable-per direct labor hour: indirect labor $0.47, indirect materials $0.49, factory utilities $0.32, and factory repairs $0.25. Fixed: same as budgeted. v…
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Task 1A Company X has budgeted the following for the coming month: Production Direct material Product A 1500 Units Product A 22 GBP/unit Product B 4000 Units Product B 7 GBP/unit Direct labour Machine hours Product A 14 hrs/unit Product A 8 hrs/unit Product B 1 hrs/unit Product B 2 hrs/unit Rate 5 GBP/hour Overheads Total 120 000 Indirect labour costs 30 000 GBP Depreciation of machinery 22 000 GBP Rent and rates 45 000 GBP Heating, lighting and power Indirect materials 15 000 GBP 6 000 GBP Other indirect costs 2 000 GBP Prepare conventional (full absorption) cost allocation for product
L 19

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