The Mixing Department manager of Riverbed Company is able to control all overhead costs except rent, property taxes, and salaries.Budgeted monthly overhead costs for the Mixing Department, in alphabetical order, are:Indirect labor$15,270Property taxes $2,310Indirect materials8,300Rent2,890Lubricants1,650Salaries14,620Maintenance3,420Utilities5,010Actual costs incurred for January 2017 are indirect labor $12,870; indirect materials $12,210; lubricants $1,790; maintenance$3,420; property taxes $2,090; rent $2,890; salaries $14,620; and utilities $7,420.(a)Prepare a responsibility report for January 2017.RIVERBED COMPANYMixing DepartmentResponsibility ReportControllable CostsBudgetActualDifferenceFavorable FUnfavorable UNeither Favorablenor Unfavorable N

The provided responsibility report for the Mixing Department of Riverbed Company for January 2017…

Answered: The Mixing Department manager of…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4E: The cost accountant for River Rock Beverage Co. estimated that total factory overhead cost for the...

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Carla Vista Limited is a company that produces machinery to customer orders, using a normal job-order cost system. It applies manufacturing overhead to production using a predetermined rate. This overhead rate is set at the beginning of each fiscal year by forecasting the year's overhead and relating it to direct labour costs. The budget for 2022 was as follows: Direct labour Manufacturing overhead $1,804,000 902,000 As at the end of the year, two jobs were incomplete. These were 1768B, with total direct labour charges of $113,600, and 1819C, with total direct labour charges of $390,100. Machine hours were 287 hours for 17688 and 647 hours for 1819C. Direct materials issued for 1768B amounted to $220,000, and for 1819C they amounted to $420,500. Total charges to the Manufacturing Overhead Control account for the year were $898,500, and direct labour charges made to all jobs amounted to $1,583,600, representing 247,500 direct labour hours. There were no beginning inventories. In…
please answer this with must explanation , computation , for each steps and each parts answer in text form
Cullumber Limited is a company that produces machinery to customer orders, using a normal job-order cost system. It applies manufacturing overhead to production using a predetermined rate. This overhead rate is set at the beginning of each fiscal year by forecasting the year's overhead and relating it to direct labour costs. The budget for 2022 was as follows: Direct labour $1809.000 Manufacturing overhead 904,500 As at the end of the year, two jobs were incomplete. These were 1768B, with total direct labour charges of $ 113,800, and 1819C. with total direct labour charges of $ 390,200. Machine hours were 287 hours for 1768B and 647 hours for 1819C. Direct materials issued for 1768B amounted to $ 228.000. and for 1819C they amounted to $ 420.900, Total charges to the Manufacturing Overhead Control account for the year were $ 899,000, and direct labour charges made to all jobs amounted to $ 1,577.200, representing 248,100 direct labour hours. There were no beginning inventories. In…
Also include controllable cost
Crane Limited is a company that produces machinery to customer orders, using a normal job-order cost system. It applies manufacturing overhead to production using a predetermined rate. This overhead rate is set at the beginning of each fiscal year by forecasting the year's overhead and relating it to direct labour costs. The budget for 2022 was as follows: Direct labour Manufacturing overhead $1,810,000 As at the end of the year, two jobs were incomplete. These were 1768B, with total direct labour charges of $111,000, and 1819C, with total direct labour charges of $390,800. Machine hours were 287 hours for 1768B and 647 hours for 1819C. Direct materials issued for 1768B amounted to $229,000, and for 1819C they amounted to $420,200. 905,000 Total charges to the Manufacturing Overhead Control account for the year were $902,500, and direct labour charges made to all jobs amounted to $1,582,600, representing 247,800 direct labour hours. There were no beginning inventories. In addition to…
Blossom Limited is a company that produces machinery to customer orders, using a normal job-order cost system. It applies manufacturing overhead to production using a predetermined rate. This overhead rate is set at the beginning of each fiscal year by forecasting the year’s overhead and relating it to direct labour costs. The budget for 2022 was as follows: Direct labour $1,800,000 Manufacturing overhead 900,000 As at the end of the year, two jobs were incomplete. These were 1768B, with total direct labour charges of $110,000, and 1819C, with total direct labour charges of $390,000. Machine hours were 287 hours for 1768B and 647 hours for 1819C. Direct materials issued for 1768B amounted to $220,000, and for 1819C they amounted to $420,000.Total charges to the Manufacturing Overhead Control account for the year were $897,000, and direct labour charges made to all jobs amounted to $1,573,600, representing 247,200 direct labour hours.There were no beginning inventories. In…
Accounting for manufacturing overhead This problem continues the Piedmont Computer Company situation from Chapter 16 Piedmont Computer Company uses a job order costing system in which each batch manufactured is a different job. Piedmont Computer Company assigns direct materials and direct labor to each job. The company assigns labor costs at $25 per hour. It allocates manufacturing overhead to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. At the beginning of 2020, the controller prepared the following budget; In November 2020, Piedmont Computer Company worked on several jobs, Records for two jobs appear here: Requirements Compute Piedmont Computer Company’s predetermined overhead allocation rate for 2020. Compute the total cost of each job. Why does Piedmont assign costs to jobs?
2. Cocoa Mfg. Co. charges factory overhead to production using departmental rates. For 2019, the rates are based on the following estimates: Department A: 20,000 direct labor hours Department B: 5,000 units of production The following data are given on the departmental factory overhead of Chocolate Mfg. Co.: Service Provided by: Dept. T Before Distribution Of Service Dept. Expense Dept. S Dept. A P28,000 60% 40% Dept. B 30,000 25% 55% Dept. S 6,590 5% Dept. T 9,000 15% Requirement: Allocate the service department costs to operating departments and compute the factory overhead rate using the following methods: Direct method Step method Algebraic method
Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Costs and Production DataRaw materials unit cost Raw materials units used Direct labor payroll Direct labor hours worked Manufacturing overhead incurred Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted fixed overhead for JuneVariable overhead rate per machine hour Fixed overhead rate per machine hourActual$2.25 10,600 $120,960 14,400 $189,500Standard$2.10 10,000 $120,000 15,000$193,500 42,500 $55,250 $3.00 $1.30Overhead is applied on the basis of standard machine hours. Three hours of machine time are required for each direct labor hour. The jobs were sold for $400,000. Selling and ad- ministrative expenses were $40,000. Assume that the amount of raw materials purchased equaled the amount used.Instructions(a) Compute all of the variances for (1) direct materials and (2) direct labor. (b) Compute the total overhead variance.…
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Nova Company's total overhead cost at various levels of activity are presented below: Month April Machine- Total Hours Overhead Cost 54,000 $ 193,040 44,000 $ 168,940 64,000 74,000 $ 217,140 $ 241,240 May June July Assume that the total overhead cost above consists of utilities, supervisory salaries, and maintenance. The breakdown of these costs at the 44,000 machine-hour level of activity is: Utilities (variable) Supervisory salaries (fixed) Maintenance (mixed) Total overhead cost $ 57,200 48,000 63,740 $ 168,940 Nova Company's management wants to break down the maintenance cost into its variable and fixed cost elements. Required: 1. Estimate how much of the $241,240 of overhead cost in July was maintenance cost. (Hint: to do this, it may be helpful to first determine how much of the $241,240 consisted of utilities and supervisory salaries. Think about the behavior of variable and fixed costs.) 2. Using the high-low method, estimate a cost formula for maintenance in the form Y = a +…

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