ter 08 Homework Check my work Required information (The following information ap
ID: 2390705 • Letter: T
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ter 08 Homework Check my work Required information (The following information applies to the questions displayed below Antuan Company set the following standard costs for one unit of its product 1 of 4 Direct materials (6 Ibs. $5 per Ib. 30 Direct labor (2 hrs. $17 per hr. Overhead (2 hrs, e s18.50 per hr.) -)7- Total standard cost 34 $ 101 Book Print rences The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75t Capacity) Variable overhead costs Indirect materials Indirect labor Pover Repairs and maintenance Total variable overhead costa 45,000 180,000 45,000 $360,000 Pixed overhead costa Depreciation-Building Depreciation-Machinery Taxes and insurance Supervinion Total fixed overhead costs 24,000 80,000 12,000 79,000 195 000 $555,000 Total overhead costs Prev 9 10 11 12 of 12 NextExplanation / Answer
per unit cost = variable cost/15000 units Flexible overhead budgets part a answer part b answer Flexible budget Flexible budget for Variable total 65% 75% of 85% 0f amount fixed of capacity capacity per unit cost capacity Sales(in units) 13,000 15,000 17,000 Variable overhead costs: Indirect materials 3 39000 45000 51000 Indirect labor 12 156000 180000 204000 Power 3 39000 45000 51000 Repairs & Maintenance 6 78000 90000 102000 total variable costs 24 312000 360000 408000 Fixed costs Depreciation-Building 24,000 24,000 24,000 24,000 Depreciation-Machinery 80,000 80,000 80,000 80,000 Taxes and insurance 12,000 12,000 12,000 12,000 Supervision 79,000 79,000 79,000 79,000 total fixed costs 195,000 195,000 195,000 195,000 total overhead costs 507,000 555,000 603,000
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