Question

Patrick Company manufactures a single product. The original budget for April was based on expected production...

Patrick Company manufactures a single product. The original budget for April was based on expected production of 12,000 units; actual production for April was 10,600 units. The original budget and actual costs for the manufacturing department are shown below:

Original Actual
Budget Costs
Direct Materials $ 96,000 $ 90,500
Direct Labor 50,400 48,400
Variable Overhead 42,000 38,700
Fixed Overhead 84,000 82,000
Total $ 272,400 $ 259,600


Prepare an appropriate performance report for the manufacturing department.

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
Western Manufacturing produces a single product. The original budget for April was based on expected production...
Western Manufacturing produces a single product. The original budget for April was based on expected production of 13,000 units; actual production for April was 10,400 units. The original budget and actual costs incurred for the manufacturing department follow: Original Budget Actual Costs Direct materials $ 198,900 $ 166,400 Direct labor 163,800 133,300 Variable overhead 82,550 73,500 Fixed overhead 70,000 73,000 Total $ 515,250 $ 446,200 Required: Prepare an appropriate performance report for the manufacturing department. (Do not round intermediate calculations....
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below....
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials—2 pound plastic at $6.00 per pound $ 12.00 Direct labor—2.0 hours at $11.00 per hour 22.00 Variable manufacturing overhead 12.00 Fixed manufacturing overhead 8.00 Total standard cost per unit $54.00 The predetermined manufacturing overhead rate is $10 per direct labor hour ($20.00 ÷ 2.0). It was computed from a master manufacturing overhead budget based on normal production of 12,000 direct labor hours...
2) Still Company manufactures one product. Its variable manufacturing overhead is applied to production based on...
2) Still Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 10 pounds at $8.00 per pound............................     $80.00 Direct labor: 4 hours at $14 per hour.........................................           56.00 Variable overhead: 4 hours at $5 per hour..................................         20.00 Total standard cost per unit......................................................          $156.00 The planning budget for April was based on producing and selling 50,000 units. However, during...
Still Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct...
Still Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 10 pounds at $8.00 per pound............................     $80.00 Direct labor: 4 hours at $14 per hour.........................................           56.00 Variable overhead: 4 hours at $5 per hour..................................         20.00 Total standard cost per unit......................................................          $156.00 The planning budget for April was based on producing and selling 50,000 units. However, during April...
Still Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct...
Still Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Direct materials: 10 pounds at $8.00 per pound............................     $80.00 Direct labor: 4 hours at $14 per hour.........................................           56.00 Variable overhead: 4 hours at $5 per hour..................................         20.00 Total standard cost per unit......................................................          $156.00 The planning budget for April was based on producing and selling 50,000 units. However, during April...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Cost per 100 Two-Liter Bottles Direct labor $1.54 Direct materials 5.14 Factory overhead 0.32 Total $7 At the beginning of July, GBC management planned to produce 450,000 bottles. The actual number of bottles produced for July was 486,000 bottles. The actual costs for July of the current year were as...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage...
Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Cost per 100 Two-Liter Bottles Direct labor $1.56 Direct materials 5.08 Factory overhead 0.38 Total $7.02 At the beginning of July, GBC management planned to produce 510,000 bottles. The actual number of bottles produced for July was 550,800 bottles. The actual costs for July of the current year were as...
lexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2016 with the...
lexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2016 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity: Taylor Manufacturing Company Polishing Department Overhead Budget (5,000 Hours) For the Month of April 2016 Variable costs:    Factory supplies $100,000    Indirect labor 152,000    Utilities 68,000    Patent royalties on secret process 296,000        Total variable overhead $616,000 Fixed costs:    Supervisory salaries 160,000    Depreciation on factory equipment...
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below....
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials—3 pound plastic at $7.00 per pound $ 21.00 Direct labor—1.0 hours at $11.50 per hour 11.50 Variable manufacturing overhead 6.00 Fixed manufacturing overhead 4.00 Total standard cost per unit $42.50 The predetermined manufacturing overhead rate is $10 per direct labor hour ($10.00 ÷ 1.0). It was computed from a master manufacturing overhead budget based on normal production of 5,700 direct labor hours...
Blossom, Inc. prepared the following master budget items for July:       Production and sales 28,000 units...
Blossom, Inc. prepared the following master budget items for July:       Production and sales 28,000 units   Variable manufacturing costs:      Direct materials $ 28,000      Direct labor $ 61,000      Variable manufacturing overhead $ 42,000   Fixed manufacturing costs $ 130,000   Total manufacturing costs $ 261,600     During July, Blossom actually sold 34,000 units. Prepare a flexible budget for Blossom based on actual sales. (Do not round your intermediate calculations.) Production and Sales UNITS Variable manufacturing costs Direct materials Direct labor Variable manufacturing overhead...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT