Indirect labor costs
Q: tar Company has a standard absorption and flexible budgeting system. Selected data for November 2020…
A: Total spending variance can be defined as the difference between actual overhead costs incurred and…
Q: NUBD Corporation is using the following flexible-budget formula for annual indirect labor cost:…
A: Total cost = Fixed costs + P0.75 x no. of machine hour = P12,000 + P0.75 per machine hour
Q: Lybeck Corporation's budgeted production for the upcoming quarter is 90,000 units. Each unit…
A: Budgets are the estimates or forecasts made for future period. Manufacturing overhead means all type…
Q: Tanya Inc.’s static budget for 10,000 units of production includes P60,000 for direct materials,…
A: A flexible budget is prepared by modifying the static budget according to a different volume or…
Q: Jones Company developed the following static budget at the beginning of the company's accounting…
A: Variable cost per unit = Total Variable costs / No. of units = $5,250 / 10,500 units = $0.50 per…
Q: A company’s planned activity level for next year is expected to be 100000 machine hours. At this…
A: In the flexible budget prepared at the 80000 machine hours, the fixed costs shall remain the same…
Q: NUBD bases its manufacturing overhead budget on machine hours. Estimated machine hours are 10,000…
A: Cash Budget is Prepared so that there is no shortages of cash when it comes at the time of…
Q: TJH bases its manufacturing overhead budget on machine hours. Estimated machine hours are 10,000 for…
A: Formula: Variable manufacturing overhead = Estimated machine hours x Per machine hour
Q: Star Company has a standard absorption and flexible budgeting system. Selected data for November…
A: Total Spending Variance - The spending variance is the difference between the budgeted cost and the…
Q: Montgomery Company has developed the following flexible budget formulas for its four overhead items:…
A: Formula: Flexible budget variance = Budgeted expense - Actual expense Deduction of actual expense…
Q: Accounting Zain, Ic., is developing flexible budgets for each department as part of its plan to use…
A: The budget represents the report or statement prepared by the management by analyzing past records…
Q: The following data were drawn from the records of Quentin Corporation. Planned volume for year…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: old X, Inc. uses the following information when preparing their flexible budget: direct materials of…
A: Solution: Flexible budget is the budget which represents budgeted cost at different levels of…
Q: Prepare a flexible budgeted income for 120,000 units using the following information from a static…
A: A budget is a statement that is prepared by the companies, government, and individuals based on the…
Q: Evanson Company expects to produce 508,000 units of their product during the year. Monthly…
A: Flexible Budget: A flexible budget is a budget that is prepared for different levels of the output.…
Q: Vaughn Manufacturing budgeted manufacturing costs for 50000 tons of steel are as follows: Fixed…
A: Flexible Budget: A budget that is based on a different volume of activities is called a Flexible…
Q: The budgeted income statement presented belowis for Burkett Corp. for the coming fiscal year. If…
A:
Q: NUBD Corporation is using the following flexible-budget formula for annual indirect labor cost:…
A: Total cost = Fixed costs + P0.75 x no. of machine hour = P12,000 + P0.75 per machine hour
Q: In an attempt to improve budgeting, the controller for Meliore, Inc., has developed a flexible…
A: schedule an overhead budget for the expected activity level for the coming year. 1) Standard…
Q: NUBD bases its manufacturing overhead budget on machine hours. Estimated machine hours are 10,000…
A: Solution: Manufacturing overhead cost affect the cash budget = Amount of cash manufacturing…
Q: Honesty Company prepared the following budgeted information for the coming year: Factory overhead…
A: Applied Overhead Rate = Estimated Overhead CostsEstimated Activity of Base Unit
Q: JK has prepared a budget for the next 12 months when it intends to make and sell four products,…
A: a) Profit Volume Graph: Profits or (losses) are plotted on the Y-axis (the vertical axis) while…
Q: Jase Manufacturing Co.'s static budget for 10,000 units of production includes $40,000 for direct…
A: Direct labor cost per unit = Total Direct labor cost / Total no. of unit = $40000/10000 units = $4…
Q: Chris Corporation has developed the following flexible budget formula for the linear annual indirect…
A: The question is based on the concept of Cost Accounting.
Q: Dakota Co. has prepared the following flexible budget for the coming year. The budgeted level of…
A: Budgeted Cost: In business, a budgeted cost is an estimate of the expenditures that a firm…
Q: The master budget of Sheridan Company shows that the planned activity level for next year is…
A: Total variable costs = Indirect labor + Machine supplies + Indirect materials = $720000 + 180000 +…
Q: n an attempt to improve budgeting, the controller for Meliore, Inc., has developed a flexible budget…
A: Variable cost is the one which changes or varies with the change in the level of production but…
Q: Myers Company uses a flexible budget for manufacturing overhead based on direct labor hours.…
A: The flexible budget represents the variable and fixed costs to be incurred on various level of…
Q: Prepare a departmental flexible overhead budget for 30,000 machine hours and for 40,000 machine…
A: Zain, Inc., is developing flexible budgets for each department as part of its plan to use standard…
Q: A Company manufactures and sells one product which requires 8 kg of raw material in its manufacture.…
A: We have the following information: A Company manufactures and sells one product which requires 8 kg…
Q: Haylock Incorporated bases its manufacturing overhead budget on budgeted direct labor-hours. The…
A: GIVEN : Direct labour hours = 8,300 Per direct labour hour = $1.40 Fixed manufacturing overhead per…
Q: x, Inc. uses the following information when preparing their flexible budget: direct materials of $2…
A: Solution: flexible budget is the budget which represents budgeted costs at difference sales volume…
Q: Ivanhoe Manufacturing Co.s static budget at 13,500 units of production includes $87,750 for direct…
A: Direct material cost per unit = $20250/13500 =$1.50 per unit
Q: Apparelle Co. developed the following equation to predict certain components of its budget for the…
A: COST EQUATION : Y = A + BX WHERE Y IS TOTAL COST , A IS THE FIXED COST , B IS THE VARIABLE COST PER…
Q: Atlanta Company is preparing its manufacturing overhead budget for 2020. Relevant data consist of…
A: Manufacturing Overhead Budget Quarter Year 1 2…
Q: The master budget of Vaughn Manufacturing shows that the planned activity level for next year is…
A: Total overhead costs are the cost incurred on the production or manufacture of the goods. These are…
Q: The master budget of Swifty Corporation shows that the planned activity level for next year is…
A: A flexible budget is a budget that includes all the flexibility and change in the output. In…
Q: Kent Corporation developed the following budgeted costs for the current year: Direct materials…
A: Pre-determined overhead allocates rate: It is the rate of allocating the expected overheads to the…
Q: The following are the flexible budget of Coco Corporation in different levels of direct labor hours.…
A: A) Calculate the total factory overhead rate per unit using direct labor hours Variable Factory…
Q: Shamrock Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting…
A: Budget is an important tool in every organization. It is an estimation of the sales, production,…
Q: Cold X, Inc. uses this information when preparing their flexible budget: direct materials of $2 per…
A: The following calculations are done in the records of Cold X Incorporation to evaluate their…
Q: In an attempt to improve budgeting, the controller for Meliore, Inc., has developed a flexible…
A: Meliore, Inc Performance Report Actual Budgeted Variance DLH 24700 24700…
Q: Canucks plc has prepared the following flexible budget for the coming year. The Budgeted level of…
A: Budgeted Cost: In business, a budgeted cost is an estimate of the expenditures that a firm…
Q: Based on predicted production of 24,300 units, a company budgets $320,000 of fixed costs and…
A: Introduction:- A flexible budget is easy to change according to changes in sales levels. It is used…
Q: A company that manufactures a single product has provided the following budgeted standard cost and…
A: The Numerical has covered the Concept of Break-Even Point in the Break-even analysis. The Break-even…
Q: ohnson Corporation is preparing a flexible budget and desires to separate its lectricity expense,…
A: GIVEN Machine hours Electricity Expense January 3,500 P31, 500 February 2, 000 P20,000 March…
Q: Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct…
A: Cash disbursement is the amount of actual cash paid by the company to pay the operating expense and…
Q: Premised on past experience, Mayo Corp. adopted the following budgeted formula for estimating…
A: Flexible budget is that type of budget which changes with change in activity level. This type of…
Nite Corporation has developed the following flexible budget formula for annual indirect labor costs:
Total Cost = P480,000 + P5.00 per machine hour
Operating budgets for the current month are based upon 20,000 machine hours of planned machine time. Indirect labor costs included in this planning budget are:
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- Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead costs per month include supervision of 98,000, depreciation of 76,000, and other overhead of 245,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 160,000 units, 170,000 units, and 175,000 units. 2. What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.) 3. What if Nashler Companys cost of maintenance rose to 0.22 per unit? How would that affect the unit product costs calculated in Requirement 2?Judges Gavel uses this information when preparing their flexible budget: direct materials of $3 per unit, direct labor of $2.50 per unit, and manufacturing overhead of $1.25 per unit. Fixed costs are $49,000. What would be the budgeted amounts for 33,000 and 35,000 units?Adam Corporation manufactures computer tables and has the following budgeted indirect manufacturing cost information for the next year: If Adam uses the step-down (sequential) method, beginning with the Maintenance Department, to allocate support department costs to production departments, the total overhead (rounded to the nearest dollar) for the Machining Department to allocate to its products would be: a. 407,500. b. 422,750. c. 442,053. d. 445,000.
- Starburst Inc. has the following items and amounts as part of its master budget at the 10,000-unit level of sales and production: Determine the total dollar amounts for the above items that would appear in a flexible budget at the following volume levels, assuming that both levels are within the relevant range: a. 8,000-unit level of sales and production b. 12,000-unit level of sales and production (Hint: You must first determine the unit selling price and certain unit costs.)Using the following per-unit and total amounts, prepare a flexible budget at the 14,000-, 15,000-, and 16,000-unit levels of production and sales for Natural Products Inc.:Digital Solutions Inc. uses flexible budgets that are based on the following data: Prepare a flexible selling and administrative expenses budget for October for sales volumes of 500,000, 750,000, and 1,000,000.
- Using the provided budgeted information for production of 10,000 and 15,000 units, prepare a flexible budget for 17,000 units.Using the following budgeted information for production of 5,000 and 12,000 units, prepare a flexible budget for 9,000 units.Prepare a flexible budgeted income for 120,000 units using the following information from a static budget for 100,000 units:
- Nozama.com Inc. sells consumer electronics over the Internet. For the next period, the budgeted cost of the sales order processing activity is 250,000 and 50,000 sales orders are estimated to be processed. a. Determine the activity rate of the sales order processing activity. b. Determine the amount of sales order processing cost associated with 30,000 sales orders.Each unit requires direct labor of 2.2 hours. The labor rate is $11.50 per hour and next years direct labor budget totals $834.900. How many units are included in the production budget for next year?Flexible budget for factory overhead Presented below are the monthly factory overhead cost budget (at normal capacity of 5,000 units or 20,000 direct labor hours) and the production and cost data for a month. The predetermined overhead rate is based on normal capacity. Required: 1. Assuming that variable costs will vary in direct proportion to the change in volume, prepare a flexible budget for production levels of 80%, 90%, and 110% of normal capacity. Also determine the predetermined factory overhead rate at each level of volume in both units and direct labor hours. 2. Prepare a flexible budget for production levels of 80%, 90%, and 110%, assuming that variable costs will vary in direct proportion to the change in volume, but with the following exceptions. (Hint: Set up a third category for semi-variable expenses.) a. At 110% of capacity, another supervisor will be needed at a salary of 24,000 annually. b. At 80% of capacity, the repairs expense will drop to one-half of the amount at 100% capacity. c. At 80% of capacity, one part-time maintenance worker, earning 10,000 a year, will be laid off. d. At 110% of capacity, a machine not normally in use and on which no depreciation is normally recorded will be used in production. Its cost was 12,000, it has a 10-year life, and straight-line depreciation will be taken.