Extrim Company produces monitors. Extrim’s plant in San Antonio uses a standard costing system. The standard costing system relies on direct labor hours to assign overhead costs to production. The direct labor standard indicates that 4 direct labor hours should be used for every monitor produced. (The San Antonio plant produces only one model.) The normal production volume is 120,000 units. The budgeted overhead for the coming year is as follows:
*At normal volume.
Extrim applies overhead on the basis of direct labor hours.
During the year, Extrim produced 119,000 units, worked 487,900 direct labor hours, and incurred actual fixed overhead costs of $1.3 million and actual variable overhead costs of $927,010.
Required:
Intermediate Accounting: Reporting And Analysis
Financial And Managerial Accounting
College Accounting, Chapters 1-27
Financial Accounting
Accounting Information Systems
Financial & Managerial Accounting
Corporate Financial Accounting
Brief Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
Contemporary Marketing
Fundamentals of Financial Management (MindTap Course List)
Management, Loose-Leaf Version
Foundations of Business (MindTap Course List)
Principles of Economics (MindTap Course List)
MKTG 12:STUDENT ED.-TEXT
Essentials of Business Communication (MindTap Course List)
Essentials of Economics (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Accounting Information Systems
Principles of Microeconomics (MindTap Course List)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Financial & Managerial Accounting
College Accounting (Book Only): A Career Approach
Financial Accounting
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting (Book Only): A Career Approach
Accounting (Text Only)
Exploring Economics
Pkg Acc Infor Systems MS VISIO CD
Statistics for Business & Economics, Revised (MindTap Course List)
Principles of Macroeconomics (MindTap Course List)
Fundamentals of Financial Management (MindTap Course List)
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
Corporate Financial Accounting
Survey of Accounting (Accounting I)
PAYROLL ACCT.,2019 ED.(LL)-TEXT
Cornerstones of Cost Management (Cornerstones Series)
Microeconomics
Purchasing and Supply Chain Management
Practical Management Science
Macroeconomics
Economics (MindTap Course List)
Economics For Today
Cornerstones of Financial Accounting
Managerial Accounting
MACROECONOMICS FOR TODAY
Understanding Management (MindTap Course List)
Principles of Microeconomics
Economics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
Micro Economics For Today
Macroeconomics: Private and Public Choice (MindTap Course List)