Question

4) The Assembly division of ABC Company assembles tables. The budget for the assembly division is...

4) The Assembly division of ABC Company assembles tables. The budget for the assembly division is as follows: Assembly Employee Salaries $326,000 Supervisor Salaries $120,000 Equipment Depreciation $92,000 Insurance and Property Taxes $59,000 Factory Rent $220,000 Factory Utilities $75,000 The costs actually incurred are as follows: Assembly Employee Salaries $361,153 Supervisor Salaries $125,751 Equipment Depreciation $82,324 Insurance and Property Taxes $67,472 Factory Rent $230,125 Factory Utilities $55,745 Instructions: a) Prepare a budget performance report for the assembly division. b) Which costs might the director request additional information and reports?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

ANSWER

Performance Budget
actual budget Variance
Assembly Employee Salaries 361,153 326,000 35,153 U
Supervisor salaries 125,751 120,000 5,751 U
Equipment Depreciation 82,324 92,000 9,676 F
insurance & property taxes 67,472 59,000 8,472 U
Factory rent 230,125 220,000 10,125 U
factory utilities 55,745 75,000 19,255 F
TOTAL EXPENSE 922,570 892,000 30,570 U
b) costs which might required further information
Assembly employee salaries
supervisor salaries
insurance and property taxes
factory rent

---------------------------------------------------------------------

DEAR STUDENT,
If you have any query or any Explanation please ask me in the comment box, i am here to helps you.please give me positive rating.

*****************THANK YOU**************

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
Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture...
Flexible Budget for Assembly Department Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department: Direct labor per filing cabinet 20 minutes Supervisor salaries $129,000 per month Depreciation $33,000 per month Direct labor rate $21 per hour Prepare a flexible budget for 9,000, 11,000, and 14,000 filing cabinets for the month of March in the...
Mariposa Manufacturing builds custom wooden cabinets. Mariposa Manufacturing has reported the following costs for the previous...
Mariposa Manufacturing builds custom wooden cabinets. Mariposa Manufacturing has reported the following costs for the previous year. Assume no production inventories. Advertising $ 35,900 Cost of hardware (slides, handles, etc) $ 34,300 Cost of wood $ 116,400 Depreciation on production equipment $ 32,900 Factory property taxes $ 18,300 Factory rent $ 39,700 Glue $ 3,840 Production supervisor salary $ 41,000 Sales manager salary $ 41,100 Utilities for factory $ 24,500 Wages for maintenance workers $ 32,500 Wages of assembly workers...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 11,000 hours of productive capacity in the department: Variable overhead costs:    Indirect factory labor $106,700    Power and light 4,400    Indirect materials 29,700       Total variable overhead cost $140,800 Fixed overhead costs:    Supervisory salaries $49,280    Depreciation of plant and equipment 30,980    Insurance and property taxes 19,710       Total fixed overhead cost 99,970 Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 16,000 hours of productive capacity in the department: Variable overhead costs:    Indirect factory labor $152,000    Power and light 7,200    Indirect materials 46,400       Total variable overhead cost $205,600 Fixed overhead costs:    Supervisory salaries $71,960    Depreciation of plant and equipment 45,230    Insurance and property taxes 28,780       Total fixed overhead cost 145,970 Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 16,000 hours of productive capacity in the department: Variable overhead costs:    Indirect factory labor $137,600    Power and light 5,600    Indirect materials 35,200       Total variable overhead cost $178,400 Fixed overhead costs:    Supervisory salaries $62,440    Depreciation of plant and equipment 39,250    Insurance and property taxes 24,980       Total fixed overhead cost 126,670 Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 14,000 hours of productive capacity in the department: Variable overhead costs:    Indirect factory labor $124,600    Power and light 4,900    Indirect materials 46,200       Total variable overhead cost $175,700 Fixed overhead costs:    Supervisory salaries $61,490    Depreciation of plant and equipment 38,650    Insurance and property taxes 24,600       Total fixed overhead cost 124,740 Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 8,000 hours of productive capacity in the department: Variable overhead costs:    Indirect factory labor $78,400    Power and light 2,960    Indirect materials 25,600       Total variable overhead cost $106,960 Fixed overhead costs:    Supervisory salaries $37,440    Depreciation of plant and equipment 23,530    Insurance and property taxes 14,970       Total fixed overhead cost 75,940 Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 18,000 hours of productive capacity in the department: Variable overhead cost:    Indirect factory labor $160,200    Power and light 5,940    Indirect materials 52,200       Total variable overhead cost $218,340 Fixed overhead cost:    Supervisory salaries $76,420    Depreciation of plant and equipment 48,030    Insurance and property taxes 30,570       Total fixed overhead cost 155,020 Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 12,000 hours of productive capacity in the department: Variable overhead cost:    Indirect factory labor $87,600    Power and light 5,280    Indirect materials 38,400       Total variable overhead cost $131,280 Fixed overhead cost:    Supervisory salaries $45,950    Depreciation of plant and equipment 28,880    Insurance and property taxes 18,380       Total fixed overhead cost 93,210 Total factory...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press...
Flexible Overhead Budget Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 10,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $84,000 Power and light 3,800 Indirect materials 22,000 Total variable overhead cost $109,800 Fixed overhead cost: Supervisory salaries $38,430 Depreciation of plant and equipment 24,160 Insurance and property taxes 15,370 Total fixed overhead cost 77,960 Total factory...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT