Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 80,500 to 128,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $2. In March 2022, the company incurs the following costs in producing 104,400 units: direct materials $444,600, direct labour $726,800, and variable overhead $947,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.).

Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 80,500 to 128,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $5 and for supervision $2. In March 2022, the company incurs the following costs in producing 104,400 units: direct materials $444,600, direct labour $726,800, and variable overhead $947,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.).

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter16: Job Order Costing

Section: Chapter Questions

Problem 4CMA: Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and...

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Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and administrative costs next year. Direct labor costs at 5 per hour are expected to total 50,000. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 20 hours of direct labor? a. 120 b. 260 c. 28 d. 140
Oriole Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 79,600 to 113,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $5, direct labour $7, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision $1. In March 2022, the company incurs the following costs in producing 96,300 units: direct materials $511,500, direct labour $665,100, and variable overhead $1,065,300. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs.) ORIOLE COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2022
Wildhorse Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is expected to range from 86,500 to 126,300 units. Budgeted variable manufacturing costs per unit are as follows: direct materials $4, direct labour $7, and overhead $9. Budgeted fixed manufacturing costs per unit for depreciation are $4 and for supervision $1. In March 2022, the company incurs the following costs in producing 106,400 units: direct materials $452,600, direct labour $741,800, and variable overhead $965,600. Actual fixed overhead equalled budgeted fixed overhead. Prepare a flexible budget report for March. (List variable costs before fixed costs. Don't give answer in image format
Swifty Company expects to produce 1,215,600 units of Product XX in 2020. Monthly production is expected to range from 79,000 to 111,000 units. Budgeted variable manufacturing costs per unit are: direct materials $5, direct labor $6, and overhead $11. Budgeted fixed manufacturing costs per unit for depreciation are $6 and for supervision are $2. In March 2020, the company incurs the following costs in producing 95,000 units: direct materials $498,000, direct labor $569,00, and variable overhead $1,053,000. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) SWIFTY COMPANY Manufacturing Flexible Budget Report For the Month Ended March 31, 2020 Difference Favorable Unfavorabl Neither Favora Budget Actual nor Unfavora 95000 95000 $ $ $ $ $ $ $ $ $ > > >
Indigo Company expects to produce 1,440,000 units of Product XX in 2022. Monthly production is expected to range from 96,000 to 144,000 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 120,000 units: direct materials $624,000, direct labor $715,20O, and variable overhead $966,000. Actual fixed costs were equal to budgeted fıxed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs.) INDIGO COMPANY Manufacturing Flexible Budget Report Budget Actual $ $ $ $ $ Were costs controlled?
Shalom Company expects to produce 1,200,000 units of Peace Products in 2023. Monthly production is expected to range from 80,000 to 120,000 units. Budgeted variable manufacturing costs per unit are as follows: direct materials P4, direct labor P6, and overhead P8. Budgeted fixed manufacturing costs per unit for depreciation are P2 and for supervision P1. Amounts must be in whole numbers. Example: 88,000 or (88,000) In your flexible budget report, what is the total variable manufacturing costs for 60,000 units?
Flounder Company expects to produce 1,080,000 units of Product XX in 2022. Monthly production is expected to range from 72,000 to 108,000 units. Budgeted variable manufacturing costs per unit are direct materials $5, direct labor $6, and overhead $8. Budgeted fixed manufacturing costs per unit for depreciation are $2 and for supervision are $1. In March 2022, the company incurs the following costs in producing 90,000 units: direct materials $468,000, direct labor $536,400, and variable overhead $724,500. Actual fixed costs were equal to budgeted fixed costs. Prepare a flexible budget report for March. (List variable costs before fixed costs) $ Budget FLOUNDER COMPANY Manufacturing Flexible Budget Report Actual Difference Favorable Unfavorable Neither Favorable nor Unfavorable 100
Shalom Company prepared the following overhead budget for next month: Activity level 7,500 machine hours Variable overhead costs Supplies Indirect labor 22,500 48,750 Fixed overhead costs Supervision 15,000 Utilities 6,000 Depreciation 10,000 The company's variable overhead costs are driven by machine-hours. In your flexible budget report, what is the total variable manufacturing costs if 7,500 units were produced at 7,000 machine hours? Amounts must be in whole numbers. Example: 88,000 or (88,000)
Shalom Company plans to produce 50,000 units of Peace Products in 2023. Budgeted variable manufacturing costs per unit are direct materials P7, direct labor P12, and overhead P18. Annual budgeted fixed manufacturing overhead costs are P96,000 for depreciation and P45,000 for supervision. In February, Shalom produced 6,000 units and incurred the following costs: direct materials P38,900, direct labor P70,200, variable overhead P116,500, depreciation P8,000, and supervision P4,000. Amounts must be in whole numbers. Example: 88,000 or (88,000) In your flexible budget report, how much was the total fixed manufacturing costs?
Shalom Company plans to produce 50,000 units of Peace Products in 2023. Budgeted variable manufacturing costs per unit are direct materials P7, direct labor P12, and overhead P18. Annual budgeted fixed manufacturing overhead costs are P96,000 for depreciation and P45,000 for supervision. In February, Shalom produced 6,000 units and incurred the following costs: direct materials P38,900, direct labor P70,200, variable overhead P116,500, depreciation P8,000, and supervision P4,000. In your flexible budget performance report, identify the difference between budgeted and actual costs and indicate as favorable or unfavorable. Amounts must be in whole numbers. Format should be: 8,000 F or 8,000 UF direct labor
Shalom Company plans to produce 50,000 units of Peace Products in 2023. Budgeted variable manufacturing costs per unit are direct materials P7, direct labor P12, and overhead P18. Annual budgeted fixed manufacturing overhead costs are P96,000 for depreciation and P45,000 for supervision. In February, Shalom produced 6,000 units and incurred the following costs: direct materials P38,900, direct labor P70,200, variable overhead P116,500, depreciation P8,000, and supervision P4,000. what is the Total fixed manufacturing overhead? what is the Direct materials: what is the Total manufacturing costs
Shalom Company plans to produce 50,000 units of Peace Products in 2023. Budgeted variable manufacturing costs per unit are direct materials P7, direct labor P12, and overhead P18. Annual budgeted fixed manufacturing overhead costs are P96,000 for depreciation and P45,000 for supervision. In February, Shalom produced 6,000 units and incurred the following costs: direct materials P38,900, direct labor P70,200, variable overhead P116,500, depreciation P8,000, and supervision P4,000. In your flexible budget performance report, identify the difference between budgeted and actual costs and indicate as favorable or unfavorable. Amounts must be in whole numbers. Format should be: 8,000 F or 8,000 UF total manufacturing costs