Question

Flexible Overhead Budget Wiki Wiki Company has determined that the variable overhead rate is $3.8 per...

Flexible Overhead Budget

Wiki Wiki Company has determined that the variable overhead rate is $3.8 per direct labor hour in the Fabrication Department. The normal production capacity for the Fabrication Department is 9,000 hours for the month. Fixed costs are budgeted at $47,700 for the month.

a. Prepare a monthly factory overhead flexible budget for 8,000, 9,000, and 10,000 hours of production. Enter all amounts as positive numbers.

Wiki Wiki Company
Monthly Factory Overhead Cost Budget-Fabrication Department
Direct labor hours 8,000 9,000 10,000
Variable factory overhead cost $fill in the blank 5a5f8d099ff7fae_1 $fill in the blank 5a5f8d099ff7fae_2 $fill in the blank 5a5f8d099ff7fae_3
Fixed factory overhead cost fill in the blank 5a5f8d099ff7fae_4 fill in the blank 5a5f8d099ff7fae_5 fill in the blank 5a5f8d099ff7fae_6
Total factory overhead cost $fill in the blank 5a5f8d099ff7fae_7 $fill in the blank 5a5f8d099ff7fae_8 $fill in the blank 5a5f8d099ff7fae_9

b. How much overhead would be applied to production if 10,000 hours were used in the department during the month? If required, round your calculations to two decimal places and your final answer to the nearest dollar.
$fill in the blank

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
1 Wiki Wiki Company
Monthly Factory Overhead Cost Budget-Fabrication Department
Direct labor hours        8,000        9,000       10,000
Variable factory overhead cost $30,400 $34,200 $38,000
Fixed factory overhead cost $47,700 $47,700 $47,700
Total factory overhead cost $78,100 $81,900 $85,700
2
Predetermined overhead rate = Total budgeted Overhead/ Total budgeted DLH
$81,900 / 9,000
$9.10
Overhead applied = Predetermined overhead rate × Actual DLH
$9.10 x 10,000 DLHs
$91,000
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 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...
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 8,000 hours of productive capacity in the department: Variable overhead cost:    Indirect factory labor $70,400    Power and light 3,520    Indirect materials 17,600       Total variable overhead cost $91,520 Fixed overhead cost:    Supervisory salaries $32,030    Depreciation of plant and equipment 20,130    Insurance and property taxes 12,810       Total fixed overhead cost 64,970 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 9,000 hours of productive capacity in the department: Variable overhead cost:    Indirect factory labor $64,800    Power and light 3,870    Indirect materials 20,700       Total variable overhead cost $89,370 Fixed overhead cost:    Supervisory salaries $31,280    Depreciation of plant and equipment 19,660    Insurance and property taxes 12,510       Total fixed overhead cost 63,450 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 9,000 hours of productive capacity in the department: Variable overhead cost:    Indirect factory labor $79,200    Power and light 4,050    Indirect materials 21,600       Total variable overhead cost $104,850 Fixed overhead cost:    Supervisory salaries $36,700    Depreciation of plant and equipment 23,070    Insurance and property taxes 14,680       Total fixed overhead cost 74,450 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 9,000 hours of productive capacity in the department: Variable overhead cost:    Indirect factory labor $85,500    Power and light 2,700    Indirect materials 21,600       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...
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 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 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 16,000 hours of productive capacity in the department: Variable overhead cost:    Indirect factory labor $142,400    Power and light 4,960    Indirect materials 52,800       Total variable overhead cost $200,160 Fixed overhead cost:    Supervisory salaries $70,060    Depreciation of plant and equipment 44,040    Insurance and property taxes 28,020       Total fixed overhead cost 142,120 Total factory...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT