The manufacturing overhead budget for Bramble Company contains the following items. Variable costs Indirect materials Indirect labor Maintenance expense Manufacturing supplies Total variable (b) Variable costs Indirect materials Indirect labor Maintenance expense Manufacturing supplies Total variable $17,160 9,360 7,800 4,680 $39,000 Total cost $17,600 10,500 6,400 The budget was based on an estimated 1,560 units being produced. During the past month, 1,170 units were produced, and the following costs incurred. 3,900 Fixed costs $38,400 Supervision Inspection costs Insurance expense Depreciation Total fixed Fixed costs Supervision Inspection costs Insurance expense Depreciation $13,300 Total fixed 800 1,600 11,700 $27,400 $14,400 900 1,700 11,500 $28,500 How much should have been spent during the month for the manufacture of the 1,170 units?
The manufacturing overhead budget for Bramble Company contains the following items. Variable costs Indirect materials Indirect labor Maintenance expense Manufacturing supplies Total variable (b) Variable costs Indirect materials Indirect labor Maintenance expense Manufacturing supplies Total variable $17,160 9,360 7,800 4,680 $39,000 Total cost $17,600 10,500 6,400 The budget was based on an estimated 1,560 units being produced. During the past month, 1,170 units were produced, and the following costs incurred. 3,900 Fixed costs $38,400 Supervision Inspection costs Insurance expense Depreciation Total fixed Fixed costs Supervision Inspection costs Insurance expense Depreciation $13,300 Total fixed 800 1,600 11,700 $27,400 $14,400 900 1,700 11,500 $28,500 How much should have been spent during the month for the manufacture of the 1,170 units?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Concept explainers
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.
Topic Video
Question
Mani
Transcribed Image Text:The manufacturing overhead budget for Bramble Company contains the following items.
Variable costs
Indirect materials
Indirect labor
Maintenance expense
Manufacturing supplies
Total variable
(b)
Variable costs
Indirect materials
Indirect labor
Maintenance expense
Manufacturing supplies
Total variable
$17,160
9,360
Total cost
7,800
4,680
$39,000
The budget was based on an estimated 1,560 units being produced. During the past month, 1,170 units were produced, and the
following costs incurred.
$17,600
10,500
Fixed costs
6,400
3,900
$38,400
Supervision
Inspection costs
Insurance expense
Depreciation
Total fixed
Fixed costs
Supervision
Inspection costs
Insurance expense
Depreciation
$13,300
Total fixed
800
1,600
11,700
$27,400
$14,400
900
1,700
11,500
$28,500
How much should have been spent during the month for the manufacture of the 1,170 units?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education