Saved 7 Exercise 9-7 (Algo) Flexible Budgets and Activity Variances [LO9-1, LO9-2] Jake's Roof Repair has provided the following data concerning its costs: 1 points Wages and salaries Fixed Cost Cost per per Month Repair-Hour Parts and supplies Equipment depreciation $ 21,300 $ 15.00 $ 7.60 $ 2,730 eBook Truck operating expenses Rent $ 0.55 $ 5,710 $ 1.80 $ 4,680 $ 3,890 $ 0.50 Hint References Administrative expenses For example, wages and salaries should be $21,300 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company expects its sales to be $50.00 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Mc Revenue Expenses: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income Hel

Saved 7 Exercise 9-7 (Algo) Flexible Budgets and Activity Variances [LO9-1, LO9-2] Jake's Roof Repair has provided the following data concerning its costs: 1 points Wages and salaries Fixed Cost Cost per per Month Repair-Hour Parts and supplies Equipment depreciation $ 21,300 $ 15.00 $ 7.60 $ 2,730 eBook Truck operating expenses Rent $ 0.55 $ 5,710 $ 1.80 $ 4,680 $ 3,890 $ 0.50 Hint References Administrative expenses For example, wages and salaries should be $21,300 plus $15.00 per repair-hour. The company expected to work 2,500 repair-hours in May, but actually worked 2,400 repair-hours. The company expects its sales to be $50.00 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Mc Revenue Expenses: Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses Rent Administrative expenses Total expense Net operating income Hel

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 1CE: The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include:...

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The expected costs for the Maintenance Department of Stazler, Inc., for the coming year include: Fixed costs (salaries, tools): 64,900 per year Variable costs (supplies): 1.35 per maintenance hour Estimated usage by: Actual usage by: Required: 1. Calculate a single charging rate for the Maintenance Department. 2. Use this rate to assign the costs of the Maintenance Department to the user departments based on actual usage. Calculate the total amount charged for maintenance for the year. 3. What if the Assembly Department used 4,000 maintenance hours in the year? How much would have been charged out to the three departments?
Exercise 9-7 (Algo) Flexible Budgets and Activity Variances [LO9-1, L09-2] Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per per Month Repair-Hour Wages and salaries Parts and supplies Equipment depreciation $ 21,400 $ 15.00 $ 7.40 $ 2,750 $ 0.35 Truck operating expenses $ 5,740 $ 1.60 $ 4,630 $ 3,810 $ 0.50 Rent Administrative expenses For example, wages and salaries should be $21,400 plus $15.00 per repair-hour. The company expected to work 2,900 repair-hours in May, but actually worked 2,800 repair-hours. The company expects its sales to be $51.00 per repair-hour. Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Jake's Roof Repair Activity Variances For the Month Ended May 31 Revenue บ Expenses: Wages and salaries Parts and supplies IF Equipment…
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Exercise 9-7 (Static) Flexible Budgets and Activity Variances [LO9-1, LO9-2] Jake's Roof Repair has provided the following data concerning its costs: Fixed Cost Cost per Wages and salaries Parts and supplies Equipment depreciation Truck operating expenses per Month Repair-Hour $ 16.30 $8.60 $ 0.40 $ 1.70 $ 23,200 $ 1,600 $ 6,400 $ 3,480 $ 4,500 Rent Administrative expenses $ 0.80 For example, wages and salaries should be $23,200 plus $16.30 per repair-hour. The company expected to work 2,800 repair-hours in May, but actually worked 2,900 repair-hours. The company expects its sales to be $44.50 per repair-hour. ces Required: Compute the company's activity variances for May. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Jake's Roof Repair ....*.·.... RE ..... ........
LO.5 (Flexible budget) Tom's Shoe Repair provides a variety of shoe repair services. Analysis of monthly costs revealed the following cost formulas when direct labor hours are used as the basis of cost determination:Supplies: y= $0 + S4.00XProduction supervision and direct labor: y $500+ $7.00XUtilities: y= $350 + $5.40XRent: y= $450+ $0.00XAdvertising: y = $75 + $0.00OXa. Prepare a flexible budget at 250, 300, 350, and 400 direct labor hours.b. Calculate a total cost per direct labor hour at each level of activity. c. Tom's emplovees usually work 350 direct labor hours per month. The average shoe repair requires 1.25 labor hours to complete. Tom wants to earn a 40 percent margin on his cost. What should be the average charge per customer, rounded to the nearest dollar to achieve Tom's profit objective?
Saved antcring overhead s budgeted to be $33,000 plus $6 per unit produced. What Is budgeted manufacturing overhead for AuguUst? 32 Sylerh tas brecast production for the next three months as follows: July 6,500 units, August 8,200 units, September 9,100 units. Monthly Mutole Choice S82.200 $I2.000 $9.200 SE7500
Given the following information, determine the activity rate (rounded to the nearest cent) for setups. Activity Total Activity-Base Usage Budgeted Activity Cost Setups 11,000 $58,100 Inspections 25,200 $147,200 Assembly (dlh) 72,000 $375,700 a. $5.22 O b. $5.28 c. $5.84 O d. $5.37
consider the following summary interim cost reports of a project, say in week 10. Assume that A, B, C and D are the only work packages in the project. Activity Total Budgeted cost for the activity Budgeted cost of work scheduled (PV) % Complete Actual Cost EV CV SV A $1,000 $1,000 100 $1,100 B $1,000 $700 50 $900 C $1000 $0 0 $0 D $1,000 $500 60 $400 (Hint: One of the columns gives you PV directly. There is no need to separately calculate it.) a) Calculate the EV, CV and SV for each activity . What is your assessment of the progress of each activity? Calculate the EV, CV, SV, CPI and SPI for the project, and the critical ratio (CR). What is your assessment of the entire project so far based on these calculations? b) There are several formulae available for calculation of the Estimated (remaining cost) to completion (ETC). Once you have ETC, you can calculate…
* CengageNOWv2 | Online teachin x ssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook Show Me How E Print Item Direct Labor Cost Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January. Pasadena Candle Inc. Direct Labor Cost Budget For the Month Ending January 31 Hours required for assembly: Candles min. Convert minutes to hours min. Molding hours hrs. Hourly rate Total direct labor cost Previous Next Check My Work 3 more Check My Work uses remaining Save and Exit Submit Assignment for Grading 4:19 PM
Home CengageNOWV2 |Online teachin X RakeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $110.000 and equipment depreciation of $33,000 for 11,000 hours of production. The department actually completed 13,800 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting. 171,000 Previous Net Submie Test for Groding All work saved.
Pléase Answer Jkl And M Here + eAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Update Print Item Each unit requires direct labor of 2.30 hours. The labor rate is $11.70 per hour and next year's direct labor budget totals $861,120. How many units are included in the production budget for next year? Do not round intermediate computation. units Previous Next
Help Save & Exit AA company provided the following information from its flexible budget performance report: Actual Results 52 Flexible Budget Master Budget Trips (q) 2. Expenses: Maintenance expense ($4,000 + $88.00g) $8,440 $8,400 What is the spending variance for maintenance expense? Multiple Choice $136 F $136 U $176 U Nex 11 of 23 < Prev