User Account

All Pages

Make flexible manufacturing overhead budget showing budgeted

Assignment Help Cost Accounting
Reference no: EM132561262

The normal production activity level is assumed to be 100,000 units. Budgeted normal production activity level overheads are as follows:

Indirect materials $30,000

Factory Rent $30,000

Factory Manager's Salary $55,000

Maintenance of Machinery $10,000

Electricity $ 5,000

Depreciation - Machinery $ 7,000

Workers' Compensation Insurance $3,000

Insurance Machinery $ 900

Depreciation - Building $ 2,500

Additional Information

a) Indirect materials cost varies directly with production activity.

b) Maintenance of machinery is dependent upon hours worked by the machines (all units are uniform in terms of machine hours).

c) Electricity is a constant percentage of the total units produced.

d) Machinery is depreciated on a straight-line basis.

e) Workers compensation insurance is a percentage of direct labour and therefore varies directly with production activity.

Required:

Question 1: flexible manufacturing overhead budget showing budgeted overheads at 90%, 100% and 110% of the normal production activity level.

Reference no: EM132561262

Questions Cloud

What are spoiled units : What are spoiled units? In what way are they similar to spoiled under job-order costing? What document is used to support subsidiary ledger for work in process
How individuals work with the existing desktop support : Create 1- to 1.5-page summary including the following: An explanation as to how individuals work with the existing desktop support and malware teams.
Focus on the social and organizational issues : We focus on the social and organizational issues that exist with better understanding why changes occurs.
Genetic diversity in a population : Explain what happens during this stage of reproduction that increases the genetic diversity in a population even more than meiosis alone.
Make flexible manufacturing overhead budget showing budgeted : Make flexible manufacturing overhead budget showing budgeted overheads at 90%, 100% and 110% of the normal production activity level.
Key landscape-architectural projects : To present a critique of the key landscape - architectural projects that analyses, judges and contextualized
Describe the processes of dna replication : Describe the processes of DNA replication, transcription, and translation in eukaryotes and what are the steps molecules involved.
What strategies can you use to enhance your creativity : Think of a conflict that occurred in a team you were a part of and analyze it. What were the main sources of the conflict? What interventions can be used.
Calculate an hourly composite charge-out rate : Calculate an hourly composite charge-out rate that will recover all labour costs for the company. Calculate the accrual hourly rates to bring to account

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare the list of statements about bonds

Nick Bosch has prepared the list of statements about bonds - Identify each statement as true or false. If false, indicate how to correct the statement.

  Why did the unadjusted trial balance in balance

Why did the unadjusted trial balance in balance and journalize the correcting entry. (c) Is this error a transposition or slide?

  Each month''s ending inventory of finished units should

Champ, Inc. predicts the following sales in units for the coming three months:

  Determine the expected loss from the process

Determine The expected loss from this process and the diameter tolerance that should be set for the manufacture of the shaft.

  Calculate the cost per equivalent unit for labor

Calculate the cost per equivalent unit for labor assuming that labor is added uniformly throughout the production process.

  Cost-based pricing

Otero Fibers, Inc., specializes in the manufacture of synthetic fibers that the company uses in many products such as blankets, coats, and uniforms for police and firefighters. Otero has been in business since 1985 and has been profitable every year ..

  Identification of the professional accounting

Identifies and provides assistance in solving real world problems at professional accounting, management, or public relations areas in a practical business setting

  Emotional and disciplinary disorders

Tom Pearson has a child who has emotional and disciplinary disorders

  Calculate the safety stock quantities and the inventory cost

Calculate the safety stock quantities and the inventory cost associated with safety stock (based on the item unit cost) for the inventory items at four different service levels (50%, 80%, 90%, and 95%).

  Product cost under absorption costing method

1.) Compute the unit product cost under absorption costing method. 2.) Compute the unit product cost under variable/marginal costing method.

  You will save 200 each month you need to be a millionaire

you will save 200 each month you need to be a millionaire 20 years later then what is the interest rate helping you

  What types of information does davis need to analyze

Layton Davis oversees projects for Pace Construction Company. What types of information does Davis need to analyze before he can respond to this report?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd