The annual salaries of six employees of a company are as follows: $22,000 $35,000 $22,000 $46,000 $57,000 $57000 The variance of these salaries, rounded to the nearest dollar, is: $ i
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- The standard rate of pay is P15 per direct labor hour. If the actual direct labor payroll was P88,200 for 6,000 direct labor hours worked, the direct labor price (rate) variance isGates Manufacturing operations for 2021 are as follows: $Per unit: Sales price 100 Direct material cost 36 Direct wages 8 Variable production overhead 6Per month: Fixed production overhead 198 000 Fixed selling expenses 24 000 Fixed administration expenses 52 000Variable selling expenses is 10% of sales value.Normal capacity was 11 000 units per month. January February Units UnitsSales 20 000 24 000Production 24 000 20 000 Using the two methods:C. Prepare the Marginal Income Statement and the Absorption Income Statement for March and April5. A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 ? per ?. Budgeted direct labor: $1,500,000 ? per ?. Estimated machine hours: 100,000 ? per ?. PLEASE NOTE: Predetermined overhead rates will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $12,345.67). The rates will include their proper label according to the textbook examples (no abbreviations).
- I need help with general accounting8. A company's over absorbed overhead for a period is £4,000. The budgeted hours for the period was 40,000hours and the budgeted overhead cost for the same period had been £160,000. If the actual hours worked are 45,000hours, showing your workings, calculate the actual overhead cost incurred.28. The standard rate of pay is…
- A company estimates its manufacturing overhead will be $525,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? When required, round your answers to nearest cent. A. Budgeted direct labor hours: 42,000 per direct labor hour B. Budgeted direct labor expense: $1,050,000 per direct labor dollar C. Estimated machine hours: 70,000 per machine hourA 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: 150,000Please provide the answer to this general accounting question using the right approach.
- Please help me(J)Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked): Rent (fixed) $ 3,000 Supplies (variable) $ 4.00q Utilities (mixed) $150 + $0.75q The company’s planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. How much utilities expense would be included in the flexible budget? $1,500 $1,675 $1,575 $1,650