XD Sign in x o Tutor.com Learnin x M McGraw-Hil Conne x C Sedona company S x x M

Question

XD Sign in x o Tutor.com Learnin x M McGraw-Hil Conne x C Sedona company S x x M Liberty U Homework 5 Smart Book C ezto.mheducation.com /hm.tpx Sedona Company set the following standard Costs for one unit of its product for 2015 69.00 Direct material (30 lbs. $2.30 per lb.) Direct labor (20 hrs. $4.30 per hr.) 86.00 Factory variable overhead (20 hrs. $2.30 per hr.) 46.00 Factory fixed overhead (20 hrs. $1.20 per hr.) 24.00 225.00 Standard Cost The $3.50 ($2.30 $1.20) total overhead rate per direct labor hour is based on an expected operating level equal to 60% of the factory's capacity of 69,000 units per month. The following monthly flexible budget information is also available. Operating Levels of capacity) Flexible Budget 55% 60% 65% Budgeted output (units) 37,950 41,400 44,850 Budgeted labor standard hours 759,000 828,000 897,000 Budgeted overhead (dollars) 1,745,700 1,904,400 2,063,100 Variable overhead Fixed overhead 993,600 993,600 993,600 2,739,300 2,898,000 3,056,700 Total overhead During the current month, the company operated at 55% of capacity, employees worked 731,000 hours, and the following actual overhead costs were incurred. (Do not round intermediate calculations. Round OH costs per hour" to 2 decimal places 1,710,000 Variable overhead costs 1,031,500 Fixed overhead costs 50 Search the web and Windows 5/8/2016

Explanation / Answer

Predetermine overhead rate Variable Overhead Cost 2.3 Given Fixed Overhead Cost 1.2 Given Total overhead cost 3.5 Predetermined OH Standard DL Overhead costs Actual results Variances Fav/Unf. Rate Hours Applied Variable Overhead Cost                          2.30 759,000.00      1,745,700.00 1,710,000.00       35,700.00 Favourable Fixed Overhead Cost                          1.20 759,000.00         910,800.00 1,031,500.00    (120,700.00) UnFavourable Total overhead cost                          3.50 759,000.00      2,656,500.00 2,741,500.00      (85,000.00) UnFavourable

Related Questions

Navigate

• Browse (All)
• Browse X
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.