What is the flexible budget formula for factory overhead

Assignment Help Accounting Basics
Reference no: EM131717336

Question - YumTown Frozen Foods is an emerging company in the market of high-end TV dinners. YumTown's postion takes on popular favorites such as steak and potatoes and macaroni and cheese have gained significant attention on cable food channels. However, as YumTown's level of activity has risen, the company has struggled to make sense of its manufacturing costs. Representatives have asked you to analyze the company's factory overhead costs and labor hours. YumTown accumulates the following data concerning a mixed cost by relating total factory overhead costs to direct labor hours.

As an HR Manager, human resource planning analyzes the data to make decisions on when to add additional employees in contrast to adding hours to current employees and this is impacted by changes both the fixed and variable costs. Hence HR planners are responsible for carefully exploring headcount and costs per employee and headcount relative to resources and overhead. For this reason, variance analysis is a valuable tool for human resource planning and forecasting.

Month DLH Factory Overhead
March 300 $2,400
April 400 $3,000
May 600 $3,600
June 790 $4,500
July 500 $3,200
August 800 $4,900

What is the flexible budget formula for factory overhead?

Reference no: EM131717336

Questions Cloud

What happens to each glider momentum : What happens to each glider's momentum? Is momentum conserved? Is kinetic energy conserved?
Define alcohol consumption using a series of items : You are studying student attitudes toward tobacco and alcohol consumption using a series of items in which respondents
Explain your four letter personality type : How we negotiate and resolve conflict comes down to who we are as individuals. Although outside factors have an influence, our morals, values, beliefs.
Discuss prosocial media may increase helping behavior : What evidence is there that prosocial media may increase helping behavior, What are the 2 ways that prosocial media is thought to work
What is the flexible budget formula for factory overhead : YumTown Frozen Foods is an emerging company in the market of high-end TV dinners. What is the flexible budget formula for factory overhead
Which items on bank statement of income would affected : For each of the following transactions, which items on a bank's statement of income and expenses (Report of Income) would be affected?
What is the velocity of flow : A Pitot tube is inserted into this flow and measures a pressure of 8065.2 lb/ft^2. What is the velocity of this flow? Is the flow supersonic?
Calculate the expected total cost of operating level : The following data is assembled for Steve company. Use the High Low method. The expected total cost of operating level of 1,900 hours is
Why huxleys statement is important : Huxley has been hailed as a genius. In a 1-2 page paper discuss why Huxley's statement "the more you know the more you see" is so important?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Conversion of preferred stock to common stock

An adjustment to retained earnings as a result of a conversion of preferred stock to common stock most likely would occur when:

  Determining computer forsenics

A 14- year old girl is missing after having an argument with her parents. They call the police at midnight on May 28. A police investigator shows up within 30 minutes to interview them and finds out that the girl spent a lot of time on the interne..

  Compute the amount of over-head cost

Copy the data in the T-accounts above onto your answer sheet. Compute the amount of over-head cost that would be applied to Work in Process for the year, and make the entry in your T-accounts.

  Which of the accounting changes listed below is more

which of the accounting changes listed below is more associated with financial statements prepared in accordance with

  What is marias dividend income

The text book says that Maria owns 100% of stock with adjusted basis of $52,000 she recieves a cash distribution of $250,000 from the company when its earnings and profits are $100,000. What is Maria's dividend income?

  Statement of changes in owner equity-accompanying notes

Prepare a statement of changes in owner's equity and accompanying notes appropriate to the section. Record the necessary journal entries before attempting to calculate other comprehenisive income on Lee Corporation Equity Scenario.

  Record for revenue and receivable

For the fiscal year ended june 30 year 1, ocean oaks levied $2,000,000 in taxes. What would they record for revenue and receivable?

  Determine the variable and fixed cost per unit of product

Based on this information, determine the variable and fixed cost per unit of product.

  Mr joseacute is running a retail stationary shop and his

create a worksheet titled statement of changes in owner s equity that includes the information below. solve this

  Breakeven analysis in sales dollars

Compute the breakeven analysis in sales dollars for the company.

  Jen owns a sole proprietorship and steve is the sole

jen owns a sole proprietorship and steve is the sole shareholder of a c regular corporation. each business sustained a

  Give the name of the account being debited or credited

For each transaction, give (a) the name of the account being debited or credited, (b) the basic account type (A, L, SE, R, E), (c) whether the account is increased (1) or decreased (2) due to the transaction, and (d) whether the account normally hold..

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!

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