Static budget number of crates for 2014. Given information: 2014, Number of pair of shoes shipped as per static-budget results is 225,000 Average number of pair of shoes per crate as per static-budget results is 15.

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Answer 1

Question

Chapter 8, Problem 8.35P

1.

To determine

To compute: Static budget number of crates for 2014.

Given information:

2014,

Number of pair of shoes shipped as per static-budget results is 225,000

Average number of pair of shoes per crate as per static-budget results is 15.

2.

To determine

To compute: Flexible budget number of crates for 2014.

Given information:

2014,

Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.

Number of pair of shoes actually shipped is 180,000.

3.

To determine

To compute: Actual number of crates shipped in 2014.

Given information:

2014,

Actual pair of shoes shipped is 180,000.

Average number of pair of shoes per crate as per actual results is 10.

4.

To determine

To compute: Budgeted fixed overhead allocation rate.

Given information:

2014,

Standard manufacturing fixed overhead cost is $54,000.

Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

5.

To determine

To compute: Price and efficiency variance for direct variable setup costs.

Given information:

Price variance

Actual direct cost is $16.

Budgeted direct cost is $18.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Efficiency variance

Number of pair of shoes shipped as per budgeted results is 225,000.

Number of pair of shoes shipped as per actual results is 18,000.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Budgeted variable rate is $18.

6.

To determine

To compute: Spending and production-volume variance for fixed overhead costs.

Given information:

Spending Variance

Actual fixed cost is $56,500.

Budgeted fixed cost is $54,000

Production volume variance

Budgeted fixed cost is $54,000.

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Answer 2

Question

Chapter 8, Problem 8.35P

1.

To determine

To compute: Static budget number of crates for 2014.

Given information:

2014,

Number of pair of shoes shipped as per static-budget results is 225,000

Average number of pair of shoes per crate as per static-budget results is 15.

2.

To determine

To compute: Flexible budget number of crates for 2014.

Given information:

2014,

Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.

Number of pair of shoes actually shipped is 180,000.

3.

To determine

To compute: Actual number of crates shipped in 2014.

Given information:

2014,

Actual pair of shoes shipped is 180,000.

Average number of pair of shoes per crate as per actual results is 10.

4.

To determine

To compute: Budgeted fixed overhead allocation rate.

Given information:

2014,

Standard manufacturing fixed overhead cost is $54,000.

Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

5.

To determine

To compute: Price and efficiency variance for direct variable setup costs.

Given information:

Price variance

Actual direct cost is $16.

Budgeted direct cost is $18.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Efficiency variance

Number of pair of shoes shipped as per budgeted results is 225,000.

Number of pair of shoes shipped as per actual results is 18,000.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Budgeted variable rate is $18.

6.

To determine

To compute: Spending and production-volume variance for fixed overhead costs.

Given information:

Spending Variance

Actual fixed cost is $56,500.

Budgeted fixed cost is $54,000

Production volume variance

Budgeted fixed cost is $54,000.

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Answer 3

Question

Chapter 8, Problem 8.35P

1.

To determine

To compute: Static budget number of crates for 2014.

Given information:

2014,

Number of pair of shoes shipped as per static-budget results is 225,000

Average number of pair of shoes per crate as per static-budget results is 15.

2.

To determine

To compute: Flexible budget number of crates for 2014.

Given information:

2014,

Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.

Number of pair of shoes actually shipped is 180,000.

3.

To determine

To compute: Actual number of crates shipped in 2014.

Given information:

2014,

Actual pair of shoes shipped is 180,000.

Average number of pair of shoes per crate as per actual results is 10.

4.

To determine

To compute: Budgeted fixed overhead allocation rate.

Given information:

2014,

Standard manufacturing fixed overhead cost is $54,000.

Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

5.

To determine

To compute: Price and efficiency variance for direct variable setup costs.

Given information:

Price variance

Actual direct cost is $16.

Budgeted direct cost is $18.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Efficiency variance

Number of pair of shoes shipped as per budgeted results is 225,000.

Number of pair of shoes shipped as per actual results is 18,000.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Budgeted variable rate is $18.

6.

To determine

To compute: Spending and production-volume variance for fixed overhead costs.

Given information:

Spending Variance

Actual fixed cost is $56,500.

Budgeted fixed cost is $54,000

Production volume variance

Budgeted fixed cost is $54,000.

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 8, Problem 8.35P

1.

To determine

To compute: Static budget number of crates for 2014.

Given information:

2014,

Number of pair of shoes shipped as per static-budget results is 225,000

Average number of pair of shoes per crate as per static-budget results is 15.

2.

To determine

To compute: Flexible budget number of crates for 2014.

Given information:

2014,

Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.

Number of pair of shoes actually shipped is 180,000.

3.

To determine

To compute: Actual number of crates shipped in 2014.

Given information:

2014,

Actual pair of shoes shipped is 180,000.

Average number of pair of shoes per crate as per actual results is 10.

4.

To determine

To compute: Budgeted fixed overhead allocation rate.

Given information:

2014,

Standard manufacturing fixed overhead cost is $54,000.

Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

5.

To determine

To compute: Price and efficiency variance for direct variable setup costs.

Given information:

Price variance

Actual direct cost is $16.

Budgeted direct cost is $18.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Efficiency variance

Number of pair of shoes shipped as per budgeted results is 225,000.

Number of pair of shoes shipped as per actual results is 18,000.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Budgeted variable rate is $18.

6.

To determine

To compute: Spending and production-volume variance for fixed overhead costs.

Given information:

Spending Variance

Actual fixed cost is $56,500.

Budgeted fixed cost is $54,000

Production volume variance

Budgeted fixed cost is $54,000.

Expert Solution & Answer

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See solution

Answer 5

Chapter 8, Problem 8.35P

1.

To determine

To compute: Static budget number of crates for 2014.

Given information:

2014,

Number of pair of shoes shipped as per static-budget results is 225,000

Average number of pair of shoes per crate as per static-budget results is 15.

2.

To determine

To compute: Flexible budget number of crates for 2014.

Given information:

2014,

Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.

Number of pair of shoes actually shipped is 180,000.

3.

To determine

To compute: Actual number of crates shipped in 2014.

Given information:

2014,

Actual pair of shoes shipped is 180,000.

Average number of pair of shoes per crate as per actual results is 10.

4.

To determine

To compute: Budgeted fixed overhead allocation rate.

Given information:

2014,

Standard manufacturing fixed overhead cost is $54,000.

Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

5.

To determine

To compute: Price and efficiency variance for direct variable setup costs.

Given information:

Price variance

Actual direct cost is $16.

Budgeted direct cost is $18.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Efficiency variance

Number of pair of shoes shipped as per budgeted results is 225,000.

Number of pair of shoes shipped as per actual results is 18,000.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Budgeted variable rate is $18.

6.

To determine

To compute: Spending and production-volume variance for fixed overhead costs.

Given information:

Spending Variance

Actual fixed cost is $56,500.

Budgeted fixed cost is $54,000

Production volume variance

Budgeted fixed cost is $54,000.

Answer 6

Chapter 8, Problem 8.35P

1.

To determine

To compute: Static budget number of crates for 2014.

Given information:

2014,

Number of pair of shoes shipped as per static-budget results is 225,000

Average number of pair of shoes per crate as per static-budget results is 15.

Answer 7

Chapter 8, Problem 8.35P

1.

To determine

To compute: Static budget number of crates for 2014.

Given information:

2014,

Number of pair of shoes shipped as per static-budget results is 225,000

Average number of pair of shoes per crate as per static-budget results is 15.

Answer 8

2.

To determine

To compute: Flexible budget number of crates for 2014.

Given information:

2014,

Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.

Number of pair of shoes actually shipped is 180,000.

Answer 9

2.

To determine

To compute: Flexible budget number of crates for 2014.

Given information:

2014,

Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.

Number of pair of shoes actually shipped is 180,000.

Answer 10

3.

To determine

To compute: Actual number of crates shipped in 2014.

Given information:

2014,

Actual pair of shoes shipped is 180,000.

Average number of pair of shoes per crate as per actual results is 10.

Answer 11

3.

To determine

To compute: Actual number of crates shipped in 2014.

Given information:

2014,

Actual pair of shoes shipped is 180,000.

Average number of pair of shoes per crate as per actual results is 10.

Answer 12

4.

To determine

To compute: Budgeted fixed overhead allocation rate.

Given information:

2014,

Standard manufacturing fixed overhead cost is $54,000.

Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

Answer 13

4.

To determine

To compute: Budgeted fixed overhead allocation rate.

Given information:

2014,

Standard manufacturing fixed overhead cost is $54,000.

Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

Answer 14

5.

To determine

To compute: Price and efficiency variance for direct variable setup costs.

Given information:

Price variance

Actual direct cost is $16.

Budgeted direct cost is $18.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Efficiency variance

Number of pair of shoes shipped as per budgeted results is 225,000.

Number of pair of shoes shipped as per actual results is 18,000.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Budgeted variable rate is $18.

Answer 15

5.

To determine

To compute: Price and efficiency variance for direct variable setup costs.

Given information:

Price variance

Actual direct cost is $16.

Budgeted direct cost is $18.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Efficiency variance

Number of pair of shoes shipped as per budgeted results is 225,000.

Number of pair of shoes shipped as per actual results is 18,000.

Actual number of hours 19,800 hours(1.10 hours per crate×18,000 Total actual crate)

Budgeted variable rate is $18.

Answer 16

6.

To determine

To compute: Spending and production-volume variance for fixed overhead costs.

Given information:

Spending Variance

Actual fixed cost is $56,500.

Budgeted fixed cost is $54,000

Production volume variance

Budgeted fixed cost is $54,000.

Answer 17

6.

To determine

To compute: Spending and production-volume variance for fixed overhead costs.

Given information:

Spending Variance

Actual fixed cost is $56,500.

Budgeted fixed cost is $54,000

Production volume variance

Budgeted fixed cost is $54,000.

Answer 18

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Answer 19

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Answer 20

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Answer 21

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Static budget number of crates for 2014. Given information: 2014, Number of pair of shoes shipped as per static-budget results is 225,000 Average number of pair of shoes per crate as per static-budget results is 15.

To compute: Static budget number of crates for 2014. Given information: 2014, Number of pair of shoes shipped as per static-budget results is 225,000 Average number of pair of shoes per crate as per static-budget results is 15.

To compute: Flexible budget number of crates for 2014. Given information: 2014, Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000. Number of pair of shoes actually shipped is 180,000.

To compute: Actual number of crates shipped in 2014. Given information: 2014, Actual pair of shoes shipped is 180,000. Average number of pair of shoes per crate as per actual results is 10.

To compute: Budgeted fixed overhead allocation rate. Given information: 2014, Standard manufacturing fixed overhead cost is $54,000. Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

To compute: Spending and production-volume variance for fixed overhead costs. Given information: Spending Variance Actual fixed cost is $56,500. Budgeted fixed cost is $54,000 Production volume variance Budgeted fixed cost is $54,000.

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Chapter 8 Solutions

To compute: Static budget number of crates for 2014.

Given information:

2014,

Number of pair of shoes shipped as per static-budget results is 225,000

Average number of pair of shoes per crate as per static-budget results is 15.

To compute: Flexible budget number of crates for 2014.

Given information:

2014,

Number of crates for 225,000 pair of shoes shipped as per static-budget results is 15,000.

Number of pair of shoes actually shipped is 180,000.

To compute: Actual number of crates shipped in 2014.

Given information:

2014,

Actual pair of shoes shipped is 180,000.

Average number of pair of shoes per crate as per actual results is 10.

To compute: Budgeted fixed overhead allocation rate.

Given information:

2014,

Standard manufacturing fixed overhead cost is $54,000.

Budgeted crate packing hours are computed to be 6,250 hours(15,000 budgeted number of crates×0.90 hours per crate).

To compute: Spending and production-volume variance for fixed overhead costs.

Given information:

Spending Variance

Actual fixed cost is $56,500.

Budgeted fixed cost is $54,000

Production volume variance

Budgeted fixed cost is $54,000.