RequiredExhibit 13.4 in the chapter as your guide.E13-4 Time allowed: 10 minutescover a relevant range of 15,000 to 25.000 machine-hours each year.Overhead costsCost formulaUtilities£0.30 per machine-hourIndirect labour£52,000 plus £1.40 per machine-hourSupplies£0.20 per machine-hourMaintenance£18,000 plus £0.10 per machine-hourDepreciation000'obFRequiredPrepare a flexible budget in increments of 5,000 machine-hours. Include all costs in your budget.E13-5Time allowed: 20 minutesThe variable portion of Murray Company's flexible budget for manufacturing overhead is given below:Machine-hoursCost formula000£2,800Variable overhead costs(per machine-hour)£0.20£2,400Supplies00011,200Maintenance009'b000'1,2001,400Utilities0.10000 000£21,0000.404,800Rework time000 0£1.50£15,000£18,000Total variable overhead costDuring a recent period, the company recorded 11,500 machine-hours of activity. The variable overhead costsincurred were:Supplies£2,400MaintenanceUtilitiesRework time5,300The budgeted activity for the period had been 12,000 machine-hours.Required1.Prepare a variable overhead performance report for the period. Indicate whether variances arefavourable (F) or unfavourable (U). Show only a spending variance on your report.2.Discuss the significance of the variances. Might some variances be the result of others? Explain.E13-6Time allowed: 15 minutes

Name: RequiredExhibit 13.4 in the chapter as your guide.E13-4 Time allowed:
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: RequiredExhibit 13.4 in the chapter as your guide.E13-4 Time allowed: 10 minutescover a relevant range of 15,000 to 25.000 machine-hours each year.Overhead costsCost formulaUtilities£0.30 per machine-hourIndirect labour£52,000 plus £1.40 per machine

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

Business

Accounting

The cost formulas for Emory Company's manufacturing overhead costs are given below. These cost formulas 10 minutes cover a relevant range of 15.000 to 25.000 machine-hours each year. Overhead costs Cost formula Utilities £0.30 per machine-hour Indirect labour £52,000 plus £1.40 per machine-hour Supplies £0.20 per machine-hour Maintenance £18,000 plus £0.10 per machine-hour Depreciation £90,000 Required Prepare a flexible budget in increments of 5,000 machine-hours. Include all costs in your budget.

The cost formulas for Emory Company's manufacturing overhead costs are given below. These cost formulas 10 minutes cover a relevant range of 15.000 to 25.000 machine-hours each year. Overhead costs Cost formula Utilities £0.30 per machine-hour Indirect labour £52,000 plus £1.40 per machine-hour Supplies £0.20 per machine-hour Maintenance £18,000 plus £0.10 per machine-hour Depreciation £90,000 Required Prepare a flexible budget in increments of 5,000 machine-hours. Include all costs in your budget.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter5: Activity-based Costing And Management

Section: Chapter Questions

Problem 9MCQ: Assume that the moving activity has an expected cost of 80,000. Expected direct labor hours are...

See similar textbooks

Similar questions

The seven-month demand for product X is as follows: 500; 6,000; 2,000; 1,500; 4,000; 5,500; and 6,500. You planned to use a level production rate of 4,000 unit per month. a. Compute the cost of the production plan above using the following information: material=P30.00; labor=P9.60; overtime= P14.40; hiring=P500.00; firing=P750; and holding=P5.00/unit.
Machine maintenance 150,000 EGP, if you know rate of maintenance = EGP 0.15 (Number of labors hours). calculate the variable and fixed cost
Machine maintenance 150,000 EGP, if you know rate of maintenance = EGP 0.15 (Number of labors hours = 942,200 hours). calculate the variable and fixed cost
A manual assembly line is being designed for a product with annual demand = 100,000 units. The line will operate 50 wks/year, 5 shifts/wk, and 7.5 hr/shift. Work units will be attached to a continuously moving conveyor. Work content time = 42.0 min. Assume line efficiency E = 0.97, balancing efficiency Eb = 0.92, and repositioning time Tr = 6 sec. Determine: (a) hourly production rate to meet demand, (b) number of workers required.
III. NadasellsorangejuiceforOMR1.00pergallon.ThevariablecostperunitisOMR0.80,andthefixed costs per month are OMR 1,000. You are required to;A) Calculate the total costs if Nada produces 10,000 units? B)Calculate the total profit earned by Nada if they produce and sell 10,000 units?
Q15. A company manufacturing two products furnishes the following data Annual output: Product Output units Machine Hours Purchase Orders Machine set-ups A 5000 20000 160 20 B 60000 120000 384 44 Total 65000 140000 544 64 The annual overheads are as under. Rs Volume related activity costs 550,000 Set up related costs 820,000 Purchase related costs 618,000 Total 1,988,000 You are required to calculate the overheads cost per unit of each product A and B based on Activity based costing method.
Standard DM price per pound (Lbs): $20 Standard DM needed per unit: 2 Lbs Standard DL rate: $15 per hour Standard DL hours per unit: 2 hours of Direct Labor per unit *The actual DM used for 11000 units of production is 24200 lbs which means: 24200 lbs / 11000 actual units produced = 2.2 lbs actual quantity of DM used per unit Actual DL hours: 20000 hours Variable Overhead Rate applied based on per DL hour: $10 *Note: I am helping you here! AQ (AP-SP) = DM Price Variance (AQ x AP) - (AQ x SP) = -42000 Favorable (less spending for DM) $442,000 - (24200 x $20) = DM Price Variance 442,000 - 484,000 = DM Price Variance $42,000 Favorable DM Price Variance please answer the following questions: 5. Labor Rate variance: 6. Total Direct labor spending variance: 7. Variable overhead efficiency variance:8. Variable overhead rate variance
Standard DM price per pound (Lbs): $20 Standard DM needed per unit: 2 Lbs Standard DL rate: $15 per hour Standard DL hours per unit: 2 hours of Direct Labor per unit *The actual DM used for 11000 units of production is 24200 lbs which means: 24200 lbs / 11000 actual units produced = 2.2 lbs actual quantity of DM used per unit Actual DL hours: 20000 hours Variable Overhead Rate applied based on per DL hour: $10 *Note: I am helping you here! AQ (AP-SP) = DM Price Variance (AQ x AP) - (AQ x SP) = -42000 Favorable (less spending for DM) $442,000 - (24200 x $20) = DM Price Variance 442,000 - 484,000 = DM Price Variance $42,000 Favorable DM Price Variance please answer the following questions: 4. Labor efficiency variance: 5. Labor Rate variance: 6. Total Direct labor spending variance: 7. Variable overhead efficiency variance:8. Variable overhead rate variance
Standard DM price per pound (Lbs): $20 Standard DM needed per unit: 2 Lbs Standard DL rate: $15 per hour Standard DL hours per unit: 2 hours of Direct Labor per unit *The actual DM used for 11000 units of production is 24200 lbs which means: 24200 lbs / 11000 actual units produced = 2.2 lbs actual quantity of DM used per unit Actual DL hours: 20000 hours Variable Overhead Rate applied based on per DL hour: $10 *Note: I am helping you here! AQ (AP-SP) = DM Price Variance (AQ x AP) - (AQ x SP) = -42000 Favorable (less spending for DM) $442,000 - (24200 x $20) = DM Price Variance 442,000 - 484,000 = DM Price Variance $42,000 Favorable DM Price Variance please answer the following questions: 2. Material price variance :3. Total Material spending variance: 4. Labor efficiency variance: 5. Labor Rate variance:
Standard DM price per pound (Lbs): $20 Standard DM needed per unit: 2 Lbs Standard DL rate: $15 per hour Standard DL hours per unit: 2 hours of Direct Labor per unit *The actual DM used for 11000 units of production is 24200 lbs which means: 24200 lbs / 11000 actual units produced = 2.2 lbs actual quantity of DM used per unit Actual DL hours: 20000 hours Variable Overhead Rate applied based on per DL hour: $10 *Note: I am helping you here! AQ (AP-SP) = DM Price Variance (AQ x AP) - (AQ x SP) = -42000 Favorable (less spending for DM) $442,000 - (24200 x $20) = DM Price Variance 442,000 - 484,000 = DM Price Variance $42,000 Favorable DM Price Variance please answer the following questions: 7. Variable overhead efficiency variance:8. Variable overhead rate variance:9. Total variable overhead:10. Total fixed overhead spending variance:
Standard DM price per pound (Lbs): $20 Standard DM needed per unit: 2 Lbs Standard DL rate: $15 per hour Standard DL hours per unit: 2 hours of Direct Labor per unit *The actual DM used for 11000 units of production is 24200 lbs which means: 24200 lbs / 11000 actual units produced = 2.2 lbs actual quantity of DM used per unit Actual DL hours: 20000 hours Variable Overhead Rate applied based on per DL hour: $10 *Note: I am helping you here! AQ (AP-SP) = DM Price Variance (AQ x AP) - (AQ x SP) = -42000 Favorable (less spending for DM) $442,000 - (24200 x $20) = DM Price Variance 442,000 - 484,000 = DM Price Variance $42,000 Favorable DM Price Variance please answer the following questions: 3. Total Material spending variance:4. Labor efficiency variance: 5. Labor Rate variance:6. Total Direct labor spending variance:
Standard DM price per pound (Lbs): $20 Standard DM needed per unit: 2 Lbs Standard DL rate: $15 per hour Standard DL hours per unit: 2 hours of Direct Labor per unit *The actual DM used for 11000 units of production is 24200 lbs which means: 24200 lbs / 11000 actual units produced = 2.2 lbs actual quantity of DM used per unit Actual DL hours: 20000 hours Variable Overhead Rate applied based on per DL hour: $10 *Note: I am helping you here! AQ (AP-SP) = DM Price Variance (AQ x AP) - (AQ x SP) = -42000 Favorable (less spending for DM) $442,000 - (24200 x $20) = DM Price Variance 442,000 - 484,000 = DM Price Variance $42,000 Favorable DM Price Variance please answer the following questions: 1. After preparing DM variance analysis, what is the Material Quantity variance? 2. Material price variance : 3. Total Material spending variance:4. Labor efficiency variance: