Q11 M Company prepared a static budget of 50,000 direct labor hours, with estimated overhead costs of $250,000 for variable overhead and $60,000 for fixed overhead. Trepid then prepared a flexible budget at 38,000 labor hours. How much is total overhead costs at this level of activity? $260,000 $250,000 $247,000 $190,000

Q: the actual amount was $350,000. Actual production for July was 25,000 units, and actual…

A:

Q: FrontGrade Systems allocates manufacturing overhead based on machine hours. Each connector should…

A: Variable Overhead Cost Variance: The overhead cost which varies with the level of activity is called…

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: Presented here are the original overhead budget and the actual costs incurred during April for…

A: 1. To calculate flexed budget allowances for variable and fixed overhead for April: Flexed variable…

Q: repare a flexible budget for Dand Company using production levels of 16,000, 18,000 and 20,000 units…

A: flexible budget:  a flexible budget is a budget which is prepared based on the various projected…

Q: Bob and Sons' static budget for 10,000 units of production includes P50,000 for direct materials,…

A: Bob and Sons' static budget for 10,000 units of production includes P50,000 for direct materials,…

Q: FrontGrade Systems allocates manufacturing overhead based on machine hours. Each connector should…

A: This contain Two question  In Question related to Front Grade system the requirement of question is…

Q: FrontGrade Systems allocates manufacturing overhead based on machine hours. Each connector should…

A: Variable overhead efficiency variance = (standard machine hours allowed - actual machine…

Q: B. Bahar, Inc. uses a flexible budget for manufacturing overhead based on machine hours. Variable…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: Barker Company produces and sells a single product with budgeted or standard costs as follows:…

A: A cash budget is an estimate of a company's cash inflows and outflows for a given time span, such as…

Q: At the beginning of the period, the Cutting Department budgeted direct labor of $155,000, direct…

A: Flexible budgeting is a process through which a flexible budget is prepared based on actual data…

Q: FrontGrade Systems allocates manufacturing overhead based on machine hours. Each connector should…

A: Standard variable overhead rate per hour = Expected variable manufacturing overhead costs / Expected…

Q: Shane Industries prepared a fixed budget of 60,000 direct labor hours, with estimated overhead costs…

A: Variable cost per direct labor hour = $300,000 / 60,000 DLHs = $5 per DLH

Q: Barker Company produces and sells a single product with budgeted or standard costs as follows:…

A: ''Since you have posted a question with multiple parts, we will solve the first three sub-parts for…

Q: The following information relates to Modern, Inc.'s overhead costs for the month: Static budget…

A: Variance is a result of the difference between the actual and the planned results. Volume variance…

Q: At the beginning of the period, the Cutting Department budgeted direct labor of P155,000, direct…

A: The flexible budget should be changed as per the actual production of units. The fixed overhead not…

Q: Miller and Sons' static budget for 10,000 units of production includes $50,000 for direct materials,…

A: Answer and calculations are given below

Q: Laurie Inc.’s static budget for 10,000 units of production includes $60,000 for direct materials,…

A: A flexible budget is that budget which includes all the flexibility and change in the output. In…

Q: Chambers, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing…

A: Variable manufacturing overhead per unit = Total Variable manufacturing overhead / total units =…

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: Delaware Corp. prepared a master budget that included $22140 for direct materials, $28,000 for…

A: The fixed cost for flexible budget is similar to flexible cost for master budget.

Q: A company using standard costing system presents the following information for the budget period:…

A: Note: Since you have posted a question with multiple sub-parts, we will solve the subparts asked by…

Q: Sales budget for February, including net sales dollars. Production Budget, i.e., units to be…

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

Q: Barker Company produces and sells a single product with budgeted or standard costs as follows:…

A: Part (9) Budgeted Factory Overhead cost for February    Particulars  Amount ($) Variable…

Q: FrontGrade Systems allocates manufacturing overhead based on machine hours. Each connector should…

A: Standard hours allowed for 110 connectors = 110 connectors × 11 machine hours per connector…

Q: Prepare a Flexible budget for overheads on the basis of the following data. Ascertain the overhead…

A: In budgetary control, various budgets are prepared namely, purchase budget, sales budget, cash…

Q: The direct labor budget of Yuvwell Corporation for the upcoming fiscal year contains the following…

A:

Q: Miller and Sons' static budget for 9,800 units of production includes $40,400 for direct materials,…

A: Flexible budget: It implies to a financial plan that shows the estimated expenses and revenue at the…

Q: If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is…

A: Predetermined overhead rate Predetermined overhead rate is an allocation rate that applies a certain…

Q: Rolling Corporation has developed the following flexible budget formula for monthly overhead: For…

A: A flexible budget is one that adapts to a company's activity or volume levels. Unlike a static…

Q: Puyallop corporation developed the following budgeted and actual overhead costs for the current…

A: Solution:- a)Calculation of the Variable overhead spending variance as follows:- Formula =(Standard…

Q: K Company created a set budget of 50,000 direct labour hours, with variable overhead expenses of…

A: The variable costs are changed with the level of production and fixed costs remains constant for…

Q: Puyallup Corporation developed the following budgeted and actual overhead costs for the current…

A: This question deal with the calculation of various variances. Lets discuss each one by one. (1)…

Q: Antuan Company set the following standard costs for one unit of its product.         Direct…

A: Total capacity: 20000 units Units for 65% : 13000 units units for 75% : 15000 units units for 85% :…

Q: Oerstman, Inc., uses a standard costing system and develops its overhead rates from the current…

A: Variance is the difference between the actual and budgeted figures. These can be both Favorable (F)…

Q: Oerstman, Inc. uses a standard costing system and develops its overhead rates from the current…

A: 1. Compute fixed overhead spending variance: Fixed overhead spending variance = Actual fixed…

Q: Belinda Company has the following budgeted variable costs per unit produced:   Direct materials $…

A: Flexible budget helps in estimating the forecasted expenses and outcome based on different activity…

Q: Toot Sweet Company budgeted the following costs for anticipated production for August: Advertising…

A: Note: Advertising expense, sales commission and Executive officer salaries are not the factory…

Q: Ferguson Farrar Limited is a manufacturing company. For the month of April 20X3 it budgeted for 4000…

A: Variance is the difference between the actual result from the expected result. Expected result is…

Q: Delaware Corp. prepared a master budget that included $24,360 for direct materials, $28,100 for…

A: Flexible overhead budget: A flexible overhead budget is referred to as a thorough plan for…

Q: Presented here are the original overhead budget and the actual costs incurred during April for…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Puyallop corporation developed the following budgeted and actual overhead costs for the current…

A: The variance is the difference between standard and actual output of the production.

Q: FrontGrade Systems allocates manufacturing overhead based on machine hours. Each connector should…

A:

Q: FrontGrade Systems allocates manufacturing overhead based on machine hours. Each connector should…

A: Given information is: FrontGrade Systems allocates manufacturing overhead based on machine hours.…

Q: Management at Marvin Limited has provided the following budgeted and actual annual figures for one…

A: According to the given question, we are required to solve the following questions.   Introduction of…

Q: James Corporation is using the following flexible-budget formula for annual indirect labor cost:…

A: Here in this question, we are required to calculate total indirect cost for the month of June. There…

Q: FrontGrade Systems allocates manufacturing overhead based on machine hours. Each connector should…

A: The person most probably responsible for direct labor efficiency variance is the production manager…

Q: Delaware Corp. prepared a master budget that included $18,360 for direct materials, $28,200 for…

A:

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.