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ebell Corporation has the following overhead budget for the month of October. Budgeted production Budgeted machine hours Budgeted direct labor hours Budgeted variable manufacturing overhead costs: Supplies Utilities 20.000 units. 6,000 machine hours 8,000 labor hours $24,000 $48,000 Budgeted fixed manufacturing overhead costs: Supervision Insurance $19.500 3,800 Depreciation $ 8,700 Blucbell employs a standard costing system and applies the variable overhead costs based on the standard machin hours and the fixed overhead the standard labor hours. At the end of October, the company finds its variable overhead and fixed overhead account under- or over-applied by the following amounts Actual production in October 24,000 units Variable overhead - 2,000 underapplied Fixed manufacturing overhead cost $ 3,000 overapplied 7 Determine the actual variable overhead cost per unit of the product(round to the nearest cent): A S3.68 per unit B. $3.60 per unit C. $3.00 per unit D. S3.52 per unit 24000 Actual att 4000 Ad ett 20,000 St Qtt 3.68 3 G0 St Pa 12/ hour St Pice Achual Pri a E. Not determinable. 86,400 O.3 hours 88,400 72,000 G,000 3.60 unut Determine fixed manufacturing overhead budget (spending) variance: 8 3,400 favorable 3,400 unfavorable 6,400 favorable 6,400 unfavorable Actual att40 Aed tt B. S stQtt C. S Actral Pae 24000 D. S Stpre E. Not determinable. 24,000 4 heur 0.4hours 3a, 000 3/000 0e 32,400 35,Ho0 3,400 u =4hour 20.4hours = 1.60 pmint

ebell Corporation has the following overhead budget for the month of October. Budgeted production Budgeted machine hours Budgeted direct labor hours Budgeted variable manufacturing overhead costs: Supplies Utilities 20.000 units. 6,000 machine hours 8,000 labor hours $24,000 $48,000 Budgeted fixed manufacturing overhead costs: Supervision Insurance $19.500 3,800 Depreciation $ 8,700 Blucbell employs a standard costing system and applies the variable overhead costs based on the standard machin hours and the fixed overhead the standard labor hours. At the end of October, the company finds its variable overhead and fixed overhead account under- or over-applied by the following amounts Actual production in October 24,000 units Variable overhead - 2,000 underapplied Fixed manufacturing overhead cost $ 3,000 overapplied 7 Determine the actual variable overhead cost per unit of the product(round to the nearest cent): A S3.68 per unit B. $3.60 per unit C. $3.00 per unit D. S3.52 per unit 24000 Actual att 4000 Ad ett 20,000 St Qtt 3.68 3 G0 St Pa 12/ hour St Pice Achual Pri a E. Not determinable. 86,400 O.3 hours 88,400 72,000 G,000 3.60 unut Determine fixed manufacturing overhead budget (spending) variance: 8 3,400 favorable 3,400 unfavorable 6,400 favorable 6,400 unfavorable Actual att40 Aed tt B. S stQtt C. S Actral Pae 24000 D. S Stpre E. Not determinable. 24,000 4 heur 0.4hours 3a, 000 3/000 0e 32,400 35,Ho0 3,400 u =4hour 20.4hours = 1.60 pmint

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 17P: Shinto Corp. uses a standard cost system and manufactures one product. The variable costs per...
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ebell Corporation has the following overhead budget for the month of October. Budgeted production Budgeted machine hours Budgeted direct labor hours Budgeted variable manufacturing overhead costs: Supplies Utilities 20.000 units. 6,000 machine hours 8,000 labor hours $24,000 $48,000 Budgeted fixed manufacturing overhead costs: Supervision Insurance $19.500 3,800 Depreciation $ 8,700 Blucbell employs a standard costing system and applies the variable overhead costs based on the standard machin hours and the fixed overhead the standard labor hours. At the end of October, the company finds its variable overhead and fixed overhead account under- or over-applied by the following amounts Actual production in October 24,000 units Variable overhead - 2,000 underapplied Fixed manufacturing overhead cost $ 3,000 overapplied 7 Determine the actual variable overhead cost per unit of the product(round to the nearest cent): A S3.68 per unit B. $3.60 per unit C. $3.00 per unit D. S3.52 per unit 24000 Actual att 4000 Ad ett 20,000 St Qtt 3.68 3 G0 St Pa 12/ hour St Pice Achual Pri a E. Not determinable. 86,400 O.3 hours 88,400 72,000 G,000 3.60 unut Determine fixed manufacturing overhead budget (spending) variance: 8 3,400 favorable 3,400 unfavorable 6,400 favorable 6,400 unfavorable Actual att40 Aed tt B. S stQtt C. S Actral Pae 24000 D. S Stpre E. Not determinable. 24,000 4 heur 0.4hours 3a, 000 3/000 0e 32,400 35,Ho0 3,400 u =4hour 20.4hours = 1.60 pmint
Transcribed Image Text:ebell Corporation has the following overhead budget for the month of October. Budgeted production Budgeted machine hours Budgeted direct labor hours Budgeted variable manufacturing overhead costs: Supplies Utilities 20.000 units. 6,000 machine hours 8,000 labor hours $24,000 $48,000 Budgeted fixed manufacturing overhead costs: Supervision Insurance $19.500 3,800 Depreciation $ 8,700 Blucbell employs a standard costing system and applies the variable overhead costs based on the standard machin hours and the fixed overhead the standard labor hours. At the end of October, the company finds its variable overhead and fixed overhead account under- or over-applied by the following amounts Actual production in October 24,000 units Variable overhead - 2,000 underapplied Fixed manufacturing overhead cost $ 3,000 overapplied 7 Determine the actual variable overhead cost per unit of the product(round to the nearest cent): A S3.68 per unit B. $3.60 per unit C. $3.00 per unit D. S3.52 per unit 24000 Actual att 4000 Ad ett 20,000 St Qtt 3.68 3 G0 St Pa 12/ hour St Pice Achual Pri a E. Not determinable. 86,400 O.3 hours 88,400 72,000 G,000 3.60 unut Determine fixed manufacturing overhead budget (spending) variance: 8 3,400 favorable 3,400 unfavorable 6,400 favorable 6,400 unfavorable Actual att40 Aed tt B. S stQtt C. S Actral Pae 24000 D. S Stpre E. Not determinable. 24,000 4 heur 0.4hours 3a, 000 3/000 0e 32,400 35,Ho0 3,400 u =4hour 20.4hours = 1.60 pmint
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