ACCOUTING PRIN SET LL INCLUSIVE
ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
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Chapter 25, Problem 10E

a

To determine

Introduction:

A flexible budget refers to a budget where the comparison between actual performance and estimation is made based on the same level of activity. This level of activity is considered to be the actual performance level, such as actual units produced.

To prepare: The manufacturing overhead flexible budget report.

b

To determine

Introduction:

The responsibility report prepared by the management reflects the comparison of performance estimated with the actual result of the operations. It helps in determining the profitability and efficiency of the division in operating their respective tasks.

: The analysis of the responsibility report.

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Blossom Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following. Units to be produced (by quarters): 10, 600, 12,400, 14,700, 16, 300. Direct labor: Time is 1.6 hours per unit. Variable overhead costs per direct labor hour: indirect materials$0.80; indirect labor$1.30; and maintenance$0.70. Fixed overhead costs per quarter: supervisory salaries$37,020; depreciation$19, 700; and maintenance$13,530. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense.) BLOSSOM COMPANY Manufacturing Overhead Budget Quarter 1q, 2q, 3
Faras Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of the following. Units to be produced (by quarters): 20,000,24,000, 28,000, 32,000. Direct labor: time is 0.5 hours per unit. Variable overhead costs per direct labor hour: indirect materials OMR0.80; indirect labor OMR1.10; and maintenance OMR0.50. Fixed overhead costs per quarter: supervisory salaries OMR30,000; depreciation OMR15,000; and maintenance OMR,10,000. What is the budgeted total manufacturing overhead cost for quarter 1?
Concord Company is preparing its manufacturing overhead budget for 2025. Relevant data consist of the following. Units to be produced (by quarters): 11,200, 13,440, 15,680, 17,920. Direct labor: Time is 3.00 hours per unit. Variable overhead costs per direct labor hour: indirect materials $1.60; indirect labor $2.40; and maintenance $1.00. Fixed overhead costs per quarter: supervisory salaries $46,200; depreciation $16,800; and maintenance $13,440. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal place: 1.25. List variable expenses before fixed expense.) A $ 1 LA CONCORD COMPANY Manufacturing Overhead Budget 2 Quarter LA 3

Chapter 25 Solutions

ACCOUTING PRIN SET LL INCLUSIVE

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