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Chrome File Edit View History Bookmarks People Window Help D https://ccco desire2lea rrX Order ID 117018452 | ESEX Á Order ID 117018452 | Ess x E Grades-ACC122C00 Ac M WileyPLUS · × CSecure https://edugen.wileyplus.com/edugen/lti/main.uni ers/bumblebee-comp rch Weygandt, Accounting Principles, 12e PRINTER VERSION BACK NEXT ASSIGNME RESOURCES Problem 24-1A ACC122 M5C24H OMEWO RK Bumblebee Company estimates that 334,400 direct labor hours will be worked during the coming year, 2017, in the Packaging Department. On this basis, the budgeted manufacturing overhead cost data are computed for the year ent of3 Fixed Overhead Costs Variable Overhead Costs Practi Supervision Depreciation nsurance Rent Property taxes 92,760 Indirect labor 71,760 Indirect materials 31,080 Repairs 18,840 Utilities 17,400 Lubricants $140,448 66,880 46,816 66,880 20,064 $341,088 Practi on 37 Practi Quest Exerci 36600 $231,840 It is estimated that direct labor hours worked each month will range from 28,300 to 34,900 hours. During October, 28,300 direct labor hours were worked and the following overhead costs were incurred Fixed overhead costs: Supervision $7,730, Depreciation $5,980, Insurance $2,565, Rent $1,570, and Property taxes $1,450. Variable overhead costs: Indirect labor $12,986, Indirect materials, $5,340, Repairs $3,912, Utilities $5,930, and Lubricants $2,078 (a) Prepare a monthly manufacturing overhead flexible budget for each increment of 2,200 direct labor hours over the relevant range for the year ending December 15,372 $9,516 Score 31, 2017. (List variable costs before fixed costs.) Results S4,392 BUMBLEBEE COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2017 ObjectivExplanation / Answer
BUMBLEBEE COMPANY Packaging Department Monthly Manufacturing Overhead Flexible Budget For the Year 2017 Activity level Direct labor hours 28,300 30,500 32,700 34,900 Variable costs Indirect labor ($.42) $ 11,886 $ 12,810 $ 13,734 $ 14,658 (140448/334400) = .42 Indirect materials ($.20) 5,660 6,100 6,540 6,980 (66880/334400) = .20 Repairs ($.14) 3,962 4,270 4,578 4,886 (46816/334400) = .14 Utilities ($.20) 5,660 6,100 6,540 6,980 (66880/334400) = .20 Lubricants ($.06) 1,698 1,830 1,962 2,094 (20064/334400) = .06 Total variable costs ($1.02) 28,866 31,110 33,354 35,598 Fixed costs Supervision 7,730 7,730 7,730 7,730 =92760/12 7730 Depreciation 5,980 5,980 5,980 5,980 =71760/12 5980 Insurance 2,590 2,590 2,590 2,590 =31080/12 2590 Rent 1,570 1,570 1,570 1,570 =18840/12 1570 Property taxes 1,450 1,450 1,450 1,450 =17400/12 1450 Total fixed costs 19,320 19,320 19,320 19,320 Total costs 48,186 50,430 52,674 54,918 BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2017 Difference Direct labor hours (DLH) Budget at 28,300 DLH Actual Costs 28,300 DLH Favorable F Unfavorable U Variable costs Indirect labor $ 11,886 $ 12,986 $ 1,100 U Indirect materials 5,660 5,340 320 F Repairs 3,962 3,912 50 F Utilities 5,660 5,930 270 U Lubricants 1,698 2,078 380 U Total variable costs 28,866 30,246 1,380 U Fixed Costs Supervision 7,730 7,730 - Depreciation 5,980 5,980 - Insurance 2,590 2,565 25 F Rent 1,570 1,570 - Property taxes 1,450 1,450 - Total fixed costs 19,320 19,295 25 F Total costs $ 48,186 $ 49,541 $ 1,355 U Note: Please ask in comment for any further help, Thanks
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