Type of cost Sales person commision Wages Expense Fringe benefit for direct labor Utility expense - production Utility expense - selling Depreciation - production Depreciation - selling Advertising expense Cost 9.45 per unit $ 100,000.00 per month $ 300,000.00 per year 2.00 per unit $ 25,000.00 per month $ 240,000.00 per year $ 120,000.00 per year $2,040,000.00 per year Q1 Q2 Unit sales = unit production 28,600 42,800

Type of cost Sales person commision Wages Expense Fringe benefit for direct labor Utility expense - production Utility expense - selling Depreciation - production Depreciation - selling Advertising expense Cost 9.45 per unit $ 100,000.00 per month $ 300,000.00 per year 2.00 per unit $ 25,000.00 per month $ 240,000.00 per year $ 120,000.00 per year $2,040,000.00 per year Q1 Q2 Unit sales = unit production 28,600 42,800

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

See similar textbooks

Related questions

Q: Explore what happens when you make a payment to your credit card at a different time. You will use…

A: Here, Balance of Credit Card on May 12 is $378.50 Charge on 13th May is $129.79 Payment on 15th May…

Q: Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use…

A: Net pay: It implies to the income that is received by an employee after all the allowable deductions…

Q: The standard costs and actual costs for factory overhead for the manufacture of 2,700 units of…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What is the total payment required to pay off a promissory note issued for $750.00 at 6% ordinary…

A: Ordinary interest is a type of interest calculation that is based on the original principal amount…

Q: Prepare an Income Statement, Balance Sheet, and Statement of Owner's Equity. Assume that the capital…

A: Financial statements are the important part of the business entity which are the statements to be…

Q: Exercise 11-16 (Algo) Identification of Relevant Costs [LO11-1] Bill has just returned from a duck…

A: Relevant Cost: Relevant cost are cost due to which decision can be changed. This cost is relevant to…

Q: Providing for Doubtful Accounts At the end of the current year, the accounts receivable account has…

A: Allowance for doubtful accounts means where we expect some debts to become bad in near future then…

Q: Purchase Invoice From Repair Experts, $875 plus HST, for maintenance and repairs to the company’s…

A: Maintenance and repair expenses are revenue expenditure in nature as they will provide economic…

Q: % and the CD duration is 162 days. What is the amount due to th tomer at expiration of the CD? and…

A: Face value=$909.642Interest rate=6%Period=162 days

Q: Quèstion 8 Which of the following statements is not true with regard to the benefits derived from…

A: FASB:- FASB stands for Financial Accounting Standards Board. FASB includes seven members who are…

Q: On July 1, 2020, Matthew Victor opened a retail postal store. During July, the following…

A: Accounting cycle refers to the 8-step process of recording, analyzing, summarizing and interpreting…

Q: Please watch the following video, then answer the prompt below: https://youtu.be/nfkqCv3Rd_g: copy…

A: The central idea behind the concept of 'Time Value of Money' is that the money received today is…

Question

Please solve last question .if answered within 15mins,it would be appreciable!!

A Company is preparing budget for the first 2 quarters of 2021
Type of cost
Sales person commision
Wages Expense
Fringe benefit for direct labor
Utility expense - production
Utility expense - selling
Depreciation - production
Depreciation - selling
Advertising expense
Cost
9.45 per unit
$ 100,000.00 per month
$ 300,000.00 per year
2.00 per unit
25,000.00 per month
$ 240,000.00 per year
$ 120,000.00 per year
$2,040,000.00 per year
Q1
Q2
Unit sales = unit production
28,600
42,800
The budget of total fixed cost for quarter 2 is :
The budget of total variable cost for quarter 2 is :
The budget of total period cost for quarter 2 is :
The budget of total production cost for quarter 2 is :

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

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.

Similar questions

How do I prepare the bugdet and replace all question marks into formula?
Question 1 Shiashi Ltd is preparing its manufacturing overhead budget for 2024. Relevant data consist of the following: - Units to be produced (by quarters): 20,000, 24,000, 34,000 and 36,000. Direct labour: Time is 1.5 hours per unit. Variable overhead costs per direct labour hour: Indirect materials GH¢1.40; indirect labour GH 2.40 and maintenance $1.50. Fixed overhead costs per quarter: Supervisory salaries GH 55,000; depreciation GH 27,000 and maintenance GH¢25,000. a) You are required to prepare the manufacturing overhead budget for the year, showing quarterly data. b) What does an organisation stand to gain by preparing annual budgets for its operations? c) Describe the budgeting process of any business entity that you are familiar with.
Hh1. Account
Ay 1 mcqs Bushman Ltd is preparing its manufacturing overhead budget for 2022. Relevant data are as follows: 1. Units to be produced (by quarters): 10,000, 12,000, 15,000, 18,000 2. Direct labour: 1.5 hours per unit 3. Variable overhead costs per direct labour hour Indirect materials $0.70 Indirect labour $1.20 Maintenance $0.50 4. Fixed overhead costs per quarter Supervisory salaries $35,000 Depreciation $16,000 Maintenance $15,000 1.) The total manufacturing overhead costs for the year is a. $130,800 b. $462,000 c. $500,000 d. $264,000 2.) The total fixed costs for quarter 3 is a. $55,000 b. $57,750 c. $64,000 d. $66,000 3.)How much is the total direct labour hours for quarter 4? a. 27,000 b. 22,500 c. 18,000 d. 15,000 4.)How much is the total direct labour hours for the year? a. 55,000 b. 82,500 c. 198,000 d. 140,000 5.)The total manufacturing overhead costs for quarter 1 is a. $109,200 b. $102,000 c. $120,000 d. $130,800 6.)How much is the total direct labour hours for…
Customers balance December 31, 2023 om customers e balance, March 31, 2024: cted in 2nd Ot 2024 Data table Total sales Budgeted purchases of direct matenal Budgeted direct labor cost Budgeted manufacturing overhead costs Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted selling and administrative expenses Salaries expense Rent expense Insurance experese Depreciation experie Supples expense Print Done 208.000 40,900 37,500 1,100 1.200 6,700 4,000 1,000 1,400 6.240
Bhil Give me correct answer with explanation
Clark Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Product A Product B Budgeted Quantity 40,000 48,000 Budgeted Unit Sales Price $7 $9 During June, the company actually sold 39,000 units of Product A at an average unit selling price of $7.1 and 49,600 units of Product B at an average unit price of $8.9. Prepare a Sales Budget Report for the month of June for Clark Company which shows whether the company achieved its planned objectives.
Function: SUM; Formula: Subtract, Multiply; Cell Referencing Using Excel to Prepare a Production Budget PROBLEM Paige Company estimates that following unit sales and desired inventory level for the four quarters of the year ending December 31, 2022. Quarter 1 sales Quarter 2 sales Quarter 3 sales Quarter 4 sales Desired ending finished goods inventory based on next quarter's expected unit sales Unit selling price 10,000 14,000 15,000 18,000 25% $ 70.00 Prepare a production budget by quarters for the first 6 months of 2022. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or this work area as indicated. Use the SUM function with cell referencing for totals. Paige Company Production Budget For the Six Months Ending June 30, 2022 Quarter 1 10,000 Expected unit sales Add: Desired ending finished goods units Total required units Less: Beginning finished goods units Required production…
Current Attempt in Progress Concord Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows. Indirect labor Indirect materials Utilities $1.20 0.90 0.60 Fixed overhead costs per month are Supervision $4,560, Depreciation $1,368, and Property Taxes $912. The company believes it will normally operate in a range of 7,980-11,400 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2025 for the expected range of activity, using increments of 1,140 direct labor hours. (List variable costs before fixed costs.)
Prepare a Sales Budget, Purchases Budget and Forecasted Income Statement for 2022 third quarter of Maryland Enterprises. Using the ff. data: June July August September Units to be Sold 1,000 1,250 1,500 1,350 Selling Price P190 Unit Cost P120 Beginning Inv for July 100 units Desired Ending Inventory 10% of Last month Unit Sales ling Expenses P25 per forecasted sales in units Administrative Expenses P10,000 per month
Please include formulas
Don't give answer in image format