lenovo C Secure I https/fedugen.wileyplus WileyPLUS weygandi, Accounting Princip
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lenovo C Secure I https/fedugen.wileyplus WileyPLUS weygandi, Accounting Principles 12 Accounting Principles 1 & 11 (au 155 Home Read, Study & Practice snment > Open Problem 24-2A elmer Comoany manufactures tablecloths. Sales have grown rapidly ovar the past 2 years. As a result, the presdent has in used in develaping the master manufacturing averhead budget for tha Broring Department, which is besed an an actiwity index of direct labor hours. 4/16/18 11:45pm staled a budgetary control system for 2017. The folowing data were Rate per Direct Variable costs Indrect labar Indrect matenals Factory ubiities Factory repairs Annual Fixed Costs 0.40 Supervision 0.51 Deprecation 0.34 Insuranco 0.24 Rent 543,680 17.160 12.480 23.040 Review Score Review Results by Study I The master overead budget ? as crepared an the expectation that 484,200 drect labor hours will be sorkaddunng the year. In june, 38,000 area acor hous see ooned, at render activity, actual costs were as shown below. Variable-per direct labor hour: indirect labor s0.43, indrect matenals $o.50, factary ubilibes $0.38, and factory repairs $0.29. Fixed: same as budgeted. (a) Prepare a monthly incraments of 5,000 drect labor hours.(List variable costs before fixed costs overhead flexible budget for the year ending December 31, 2017, assuming preduction level's range from 42.400 to 37,400 direct labor hours Use Overhead Flexible Budget Ask me anything D ea eExplanation / Answer
Solution a:
Solution b:
Solution c:
Formula for computing the total budgeted cost (annual) for ironing department = Fixedc cost + Total variable cost per direct labor hour
= $96,360 + $1.49 per direct labor hour
Zelmer Company Monthly Manufacturing Overhead Flexible Budget For the year 2017 Particulars DLH - 42400 DLH - 47400 DLH - 52400 DLH - 57400 Direct Labor hours 42400 47400 52400 57400 Variable Costs: Indirect labor $16,960.00 $18,960.00 $20,960.00 $22,960.00 Indirect Materials $21,624.00 $24,174.00 $26,724.00 $29,274.00 Utilities $14,416.00 $16,116.00 $17,816.00 $19,516.00 Factory repairs $10,176.00 $11,376.00 $12,576.00 $13,776.00 Total Variable overhead cost $63,176.00 $70,626.00 $78,076.00 $85,526.00 Fixed overhead costs: Supervision $3,640.00 $3,640.00 $3,640.00 $3,640.00 Depreciation $1,430.00 $1,430.00 $1,430.00 $1,430.00 Insurance $1,040.00 $1,040.00 $1,040.00 $1,040.00 Rent $1,920.00 $1,920.00 $1,920.00 $1,920.00 Total Fixed overhead cost $8,030.00 $8,030.00 $8,030.00 $8,030.00 Total Overhead Cost $71,206.00 $78,656.00 $86,106.00 $93,556.00Related Questions
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