Question

At the beginning of the period, the Cutting Department budgeted direct labor of $133,000, direct materials...

At the beginning of the period, the Cutting Department budgeted direct labor of $133,000, direct materials of $160,000 and fixed factory overhead of $10,900 for 7,700 hours of production. The department actually completed 10,800 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round your final answer to the nearest dollar. Do not round interim calculations. a. $421,861 b. $426,249 c. $303,900 d. $308,288

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
At the beginning of the period, the Cutting Department budgeted direct labor of $131,000, direct materials...
At the beginning of the period, the Cutting Department budgeted direct labor of $131,000, direct materials of $153,000 and fixed factory overhead of $10,600 for 7,000 hours of production. The department actually completed 10,100 hours of production. The appropriate total budget for the department, assuming it uses flexible budgeting, is?
At the beginning of the period, the Cutting Department budgeted direct labor of $128,000, direct materials...
At the beginning of the period, the Cutting Department budgeted direct labor of $128,000, direct materials of $153,000 and fixed factory overhead of $10,500 for 7,600 hours of production. The department actually completed 10,400 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting? Round your final answer to the nearest dollar. Do not round interim calculations. a.$295,368 b.$395,026 c.$291,500 d.$398,895 Production and sales estimates for March for the Robin Co. are as...
Question 23 Saved At the beginning of the period, the Assembly Department budgeted direct labor of...
Question 23 Saved At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct material of $170,000 and fixed costs of $28,000 for 8,000 hours of production. The department actually completed 10,000 hours of production. What is the appropriate total budget for the department, assuming it uses flexible budgeting. a) $385,000 b) $335,500 c) $350,000 d) $378,000
1. At the beginning of the period, the Fabricating Department budgeted direct labor of $53,200 and...
1. At the beginning of the period, the Fabricating Department budgeted direct labor of $53,200 and equipment depreciation of $33,000 for 3,800 hours of production. The department actually completed 5,100 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. __________ 2. Pasadena Candle Inc. projected sales of 67,000 candles for January. The estimated January 1 inventory is 4,700 units, and the desired January 31 inventory is 7,000 units. Prepare a production budget report in...
At the beginning of the period, the Fabricating Department budgeted direct labor of $60,900 and equipment...
At the beginning of the period, the Fabricating Department budgeted direct labor of $60,900 and equipment depreciation of $42,000 for 2,900 hours of production. The department actually completed 3,500 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 2. Pasadena Candle Inc. projected sales of 35,000 candles for the year. The estimated January 1 inventory is 2,500 units, and the desired December 31 inventory is 4,000 units. Prepare a production budget report in units...
22. A, Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to...
22. A, Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 619,000 units, estimated beginning inventory is 105,000 units, and desired ending inventory is 85,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.74 per pound Material B 1.00 lb. per unit @ $2.42 per pound Material C 1.20 lb. per unit @ $1.29 per pound...
The cutting department of Morgan Manufacturing Company operated during June 2017 with the following manufacturing overhead...
The cutting department of Morgan Manufacturing Company operated during June 2017 with the following manufacturing overhead cost budget based on 10,000 hours of monthly productive capacity: Cutting Department Overhead Budget (10,000 hours) For the Month of June 2017 Variable costs: Factory supplies…………………………......$200,000 Indirect labor……………………………………304,000 Utilities (usage charge)………….……….. 136,000     Total variable overhead………………… $640,000 Fixed costs: Supervisory salaries………………………… $320,000 Factory insurance…………………………… 64,000 Utilities (base charge)…………………….. 160,000     Total fixed overhead………………....... $544,000 Total manufacturing overhead…......... $1,184,000 The cutting department was operated for...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. A detailed estimate of what a product should cost.Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,800 units of product were as follows: Standard Costs Actual Costs Direct materials 8,800 lb. at $4.90 8,700...
1. Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget...
1. Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 7,400 direct labor-hours will be required in August. The variable overhead rate is $1.60 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $100,400 per month, which includes depreciation of $8,950. All other fixed manufacturing overhead costs represent current cash flows. The August cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: Multiple Choice $11,840 $103,290 $112,240 $91,450...
4.Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 20,000...
4.Direct Materials and Direct Labor Variances At the beginning of June, Bezco Toy Company budgeted 20,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $28,000 Direct labor 12,000 Total $40,000 The standard materials price is $0.7 per pound. The standard direct labor rate is $12 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $25,100 Actual...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT