The Botosan Factory has determined that its budgeted factory overhead budget for the year is $13,500,000 and budgeted direct labor hours are 10,000,000. If the actual direct labor hours for the period are 350,000, how much overhead would be allocated to the period? a.$472,500 b.$675,000 c.$236,250 d.$470,630

Q: Franklin manufactures pipes and applies manufacturing overhead costs to production at a budgeted…

A: The amount of manufacturing overhead allocated to all the jobs during June 2020 is $72000

Q: The production supervisor of the Machining Department for Lei Company agreed to the following…

A: A flexible budget changes or flexes in response to increases in volume or activity. A flexible…

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

A: Explanation: 1. Variable Manufacturing overhead = Budgeted direct labor hours x Variable…

Q: Accounting A company’s planned activity level for next year is expected to be 50,000 machine hours.…

A: The flexible budget is prepared to estimate the expenses at various level of production.

Q: Botosan Factory has budgeted factory overhead for the year at $666,573, and budgeted direct labor…

A: Overhead allocation refers to the distribution of the indirect costs for the produced goods and in…

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: then the total budgeted factory overhead for October is:   A. 28,000 B. 56,000 C. 74,000 D. 84,000

A: Calculate the total budgeted factory overhead for October:

Q: The production supervisor of the Machining Department for Celtic Company agreed to the following…

A: January February March Units of production 66,000 60,000 54,000 x Direct labor hours per unit…

Q: Wade Company expects to produce 5,500 units of product IOA during the current year. Budgeted…

A:

Q: From the following details provided by​ Joey, Inc., what is the budgeted manufacturing overhead…

A: Budgeted manufacturing overhead cost is the sum of  Variable manufacturing overhead cost and Fixed…

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: Baxter Corporation made the following budget cost estimates for the upcoming month: Direct Labor =…

A: The total costs of production comprises of fixed and variable production costs. The variable costs…

Q: a. Davey Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the…

A: a. Budget for factory overhead For October Particulars Amount Variable factory overhead…

Q: Leno Manufacturing Company prepared the following factory overhead cost budget for the Press…

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

Q: At the beginning of the period, the Grinding Department budgeted direct labor of $72,600 and…

A: Budgeted direct labor cost per hour = budgeted direct labor cost / Budgeted hours = $72,600 / 6,600…

Q: XYZ Company is preparing its Manufacturing Overhead budget for the month of March. The budgeted…

A: While finding cash disbursements for a particular period, non-cash items such as depreciation need…

Q: he manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The…

A: Solution:- Calculation of The February cash disbursements for manufacturing overhead on the…

Q: The Finishing Department of Pinnacle Manufacturing Co. prepared the following factory overhead cost…

A: Idea hours = 10000 -9000 =1000 hours

Q: The production supervisor of the Machining Department for Hagerstown Company agreed to the following…

A: A flexible budget is a budget that adjusts or flexes with changes in volume or activity. The…

Q: A company's planned activity level for next year is expected to be 100,000 machine hours. At this…

A: Total Budgeted variable costs = Indirect materials + indirect labor + factory supplies =…

Q: The production supervisor of the Machining Department for Niland Company agreed to the following…

A: Budgeting is the process of preparing financial statements to estimate the organization’s future…

Q: The production supervisor of the Machining Department for Hagerstown Company agreed to the following…

A: Budget means the expected value of future. Budget is not affected by the actual value as it is…

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

A:

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: he production supervisor of the Painting Department for Whitley Company agreed to the following…

A: Flexible Budgets: Flexible budgets are prepared for varying levels of activities or outputs. this…

Q: The production supervisor of the Machining Department for Celtic Company agreed to the following…

A: Flexible budget is important type of budget, under which standard costs are calculated for actual…

Q: Manama Corporation uses budgeted machine-hours to allocate the fixed-overhead cost. The following…

A: Formula for allocated fixed cost:

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: Roberts Company has the following manufacturing overhead budget for the current​ month: Budgeted…

A: The question is related to Total Budegted Manufacturing Overheads. It includes both budgeted…

Q: he production supervisor of the Machining Department for Hagerstown Company agreed to the following…

A: may   June Total flexible budget $1,584,000 $1,893,600 $2,048,400 Actual cost $1,600,000…

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

A: Calculation of amount of variable manufacturing overhead cost : Particulars  1st Quarter 2nd…

Q: The production supervisor of the Machining Department for Niland Company agreed to the following…

A: a. Prepare a flexible budget for actual units produced for January, February, and March in Machining…

Q: At the beginning of the period, the Cutting Department budgeted direct labor of $138,000, direct…

A: The budgeting is a process of estimating the costs and revenue of the upcoming periods well in…

Q: a. Surity Corporation pays for 55% of its direct materials purchases in the month of purchase and…

A: Cash Payment Budget: It itemize the projected uses of cash in future period.   NOTE: Depreciation…

Q: At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct…

A: Direct labor rate = Direct labor cost/hour of production = $110,000/8000 = $13.75/hour Direct…

Q: Franklin manufactures pipes and applies manufacturing overhead costs to production at a budgeted…

A: Manufacturing overhead is allocated based on the predetermined rate which is calculated by dividing…

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: XYZ Company is preparing its Manufacturing Overhead budget for the month of March. The budgeted…

A: Depreciation expense will not be considered while calculating Cash distribution as it is non cash…

Q: The production supervisor of the Machining Department for Niland Company agreed to the following…

A: Flexible budget is a budget that adjusts or flexes with changes in volume or activity. A flexible…

Q: The production supervisor of the Machining Department for Celtic Company agreed to the following…

A: Flexible budget is that budget in which budget figures are adjusted for actual activity and then…

Q: XYZ Company is preparing its Manufacturing Overhead budget for the month of March. The budgeted…

A: Budgeted variable manufacturing overhead = Direct labor hours x variable manufacturing overhead rate…

Q: Assume the following five facts: • budgeted fixed manufacturing overhead for the coming period of…

A: Predetermined plantwide overhead rate = budgeted variable manufacturing overhead rate + budgeted…

Q: Use the budget data shown below for Sharp Company to answer the question that follow: Estimated…

A: Overhead applied = Overhead rate based on direct labor hour  * Actual labor hour

Q: The manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours.…

A: Depreciation expense is not paid in cash. So the depreciation of $3,750 will not be included in the…

Q: Ellington, SRL is developing their manufacturing overhead budget for February, which is based on…

A: The manfacturing overheaf budget is the budget that is prepared for the manufacturing overhead. In…

Q: The Finishing Department of Pinnacle Manufacturing Co. prepared the following factory overhead cost…

A:

Q: Lewison Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The variable…

A: Solution a: Cash disbursement for manufacturing overhead for September = Variable overhead + Fixed…

Q: The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The…

A: Predetermined Overhead Rate = Estimated Manufacturing Overhead Cost Estimated units of allocation…

Q: Shaub Corporation made the following budget cost estimates for the upcoming month: Direct Labor =…

A: Answer : Variable cost = variable cost is a cost which varies with production . Fixed cost = Fixed…

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.