+ ㄓˋ The Perry Corporation recorded the following budgeted and actual information relating to fixed overhead costs for its Z-line of products. Standard fixed overhead per direct labor hour $5.5 Standard direct labor hours per unit Budgeted production Budgeted fixed overhead costs Actual production in units Actual fixed overhead costs incurred 0.5 2,700 $7,425 3,300 $1,100 What is Perry's forced manufacturing overhead budget variance? A. $6,325 favorable B. $6,325 unfavorable C. $1,650 unfavorable D. $1,650 favorable

+ ㄓˋ The Perry Corporation recorded the following budgeted and actual information relating to fixed overhead costs for its Z-line of products. Standard fixed overhead per direct labor hour $5.5 Standard direct labor hours per unit Budgeted production Budgeted fixed overhead costs Actual production in units Actual fixed overhead costs incurred 0.5 2,700 $7,425 3,300 $1,100 What is Perry's forced manufacturing overhead budget variance? A. $6,325 favorable B. $6,325 unfavorable C. $1,650 unfavorable D. $1,650 favorable

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 28E: Refer to Exercise 8.27. At the end of the year, Meliore, Inc., actually produced 310,000 units of...

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Calculating amount of factory overhead applied to work in process The overhead application rate for a company is 2.50 per unit, made up of 1.00 for fixed overhead and 1.50 for variable overhead. Normal capacity is 10,000 units. In one month, there was an unfavorable flexible budget variance of 200. Actual overhead for the month was 27,000. What was the amount of the budgeted overhead for the actual level of production?
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Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Refer to the information for Pizza Vesuvio on the previous page. Assume that this information was used to construct the following formula for monthly labor cost. TotalLaborCost=5,237+(7.40EmployeeHours) Required: Assume that 675 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations: 1. Calculate total variable labor cost for September. 2. Calculate total labor cost for September.
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Question 2. A company manufactures two products, X and Y, for which the following information is available Particulars Budgeted production (units) Product X 4,000 Product Y 6,000 Labour hours per unit 5 8 Number of production runs required 4 6 Number of inspections during production 3 2 Production set-up costs OMR 350,000 Inspection costs OMR 150,000 Total overhead costs OMR 500,000 Using Activity Based Costing, calculate the budgeted overhead cost per unit for Product X and Product Y.