Reference no: EM132452053
Problem - You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you can to help us get better control of our manufacturing overhead costs." You find that the company has never used a flexible budget, and you suggest that preparing such a budget would be an excellent first step in overhead planning and control.
After much effort and analysis, you determined the following cost formulas and gathered the following actual cost data for March:
Cost Formula Actual Cost in March
Utilities $ 16,200 plus $0.20 per machine-hour $ 21,400
Maintenance $ 38,600 plus $1.60 per machine-hour $ 59,600
Supplies $ 0.50 per machine-hour $ 8,300
Indirect labor $ 94,100 plus $1.50 per machine-hour $ 20,500
Depreciation $ 67,800 $ 69,500
During March, the company worked 15,000 machine-hours and produced 9,000 units. The company had originally planned to work 17,000 machine-hours during March.
Required -
1. What is the flexible budget for March?
2. What is the report showing the spending variances for March?
|
What is the activity rates for each of the three activities
: Prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. What is the activity rates for each of three activities
|
|
Discuss Foreign Taxpayer Engaged in Trade or Business in US
: Examine at least three (3) categories of U.S. sourced income that will generate U.S. taxes for your client. Provide support for your results.
|
|
Describe the new revenue recognition standards
: Describe the new Revenue Recognition standards.Project the impact of these new standards on financial reporting.Explain in details
|
|
Would margaret paris agree with his fundamental argument
: Discuss the different ways in which freedom can be compatible or incompatible with determinism?
|
|
What is the report showing the spending variances for March
: During March, the company worked 15,000 machine-hours and produced 9,000 units. What is the report showing the spending variances for March
|
|
Explain at least five non-financial items
: Explain at leastfive non-financial items (e.g., culture, language, etc.), which may impact the perceived desirability of each location.
|
|
Explain frege distinction between an expression sense
: Explain Frege's distinction between an expression's sense and its reference. Explain Frege's compositionality principle for sense and his compositionality
|
|
Calculate the estimated sales by month and in total
: The selling price of the beach umbrellas is $12 per unit. Calculate the estimated sales, by month and in total, for the third quarter
|
|
What is the intern segmented income statement
: What is the intern's segmented income statement using the contribution format. What is the companywide break-even point in dollar sales
|