Prepare a flexible budget for overheads on the basis of the following data and ascertain overhead rates at 50%, 60% and 70% capacity Variable overheads: Indirect material Indirect labour Semi-variable overheads: Electricity (40 % fixed 60% variable) Repairs (80% fixed 20% variable) Fixed overheads: Depreciation Insurance Salaries Total overheads Estimated direct labour hours At 60% capacity Rs 6,000 18,000 30,000 3,000 16,500 4,500 15,000 93,000 1,86,000

Prepare a flexible budget for overheads on the basis of the following data and ascertain overhead rates at 50%, 60% and 70% capacity Variable overheads: Indirect material Indirect labour Semi-variable overheads: Electricity (40 % fixed 60% variable) Repairs (80% fixed 20% variable) Fixed overheads: Depreciation Insurance Salaries Total overheads Estimated direct labour hours At 60% capacity Rs 6,000 18,000 30,000 3,000 16,500 4,500 15,000 93,000 1,86,000

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Description: answer in text form please (without image) Prepare a flexible budget for overheads on the basis of the following data and ascertain overhead rates at 50%, 60% and 70%capacityVariable overheads:Indirect materialIndirect labourSemi variable overheads:E

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EA: A company estimates its manufacturing overhead will be $750,000 for the next year. What is the...

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Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following information for its most recent year: Total budgeted fixed overhead cost for the year Actual fixed overhead cost for the year Budgeted direct labor-hours Actual direct labor-hours Standard direct labor-hours allowed for the actual output What is the fixed overhead volume variance? Multiple Choice O $20,000 U $20,000 F $9,000 U $9,000 F $ 300,000 $ 276,000 60,000 56,000 58, 200
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Compute Budgeted fixed manufacturing overhead costs per machine-hour
A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000
Compute the budgeted overhead rate for the coming year, using direct labor dollars as the overhead allocation base.
Suppose the Baseball Hall of Fame in Cooperstown, New York, has approached Collectibles & More with a special order. The Hall of Fame wants to purchase 53,000 baseball card packs for a special promotional campaign and offers $0.32 per pack, a total of $16,960. Requirement 1. Prepare an incremental analysis to determine whether Collectibles & More should accept the special sales order assuming fixed costs would not be affected by the special order. (Enter a "0" for any zero balances. Use parentheses or a minus sign to indicate a decrease in operating income from the special order.) Incremental Analysis of Special Sales Order Decision Revenue from special order Less variable expense associated with the order: Variable manufacturing costs Contribution margin Less: Additional fixed expenses associated with the order Increase (decrease) in operating income from the special order Per Unit Collectibles & More's total production cost is $0.52 per pack, as follows: (Click the icon to view the…
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Budgeted manufacturing overhead rate, allocated manufacturing overhead. Taylor Company uses normal costing. It allocates manufacturing overhead costs using a budgeted rate per machine-hour. The following data are available for 2017:
merica AS... arki Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Production (in units) Overhead Manuel Company predicts it will operate at 80% of its productive capacity. Its overhead allocation base is DLH and its standard amount per allocation base is 0.5 DLH per unit. The company reports the following for this period. Variable overhead Fixed overhead Total overhead Flexible Budget at 80% Capacity 53,250 1. Standard overhead rate 2. Standard overhead applied 3. Overhead variance $ 292,875 53,250 $ 346,125 Actual Results 49,200 $ 347,900 Saved Exercise 23-17 (Algo) Computing standard overhead rate and total overhead variance LO P4 1. Compute the standard overhead rate. Hint: Standard allocation base at 80% capacity is 26,625 DLH, computed as 53,250 units x 0.5 DLH per unit. 2. Compute the standard overhead applied. 3. Compute the total overhead variance. Note: Indicate the effect…