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Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 17,000 hours for production: Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Total factory overhead cost $44,200 12,410 20,400 $73,020 19,220 35,860 $77,010 128,100 $205,110

Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 17,000 hours for production: Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Total factory overhead cost $44,200 12,410 20,400 $73,020 19,220 35,860 $77,010 128,100 $205,110

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter2: Sample Company Walkthrough
Section: Chapter Questions
Problem 9Q
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Custom Order < Variable factory overhead costs: Indirect factory labor Power and light Productive capacity for the month 21,000 hrs. Actual productive capacity used for the month 16,000 hrs. Indirect materials Print Item Total variable factory overhead cost Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead cost Total factory overhead cost Total controllable variances Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the Month Ended July 31 Check My Work Idle hours at the standard rate for fixed factory overhead: M Actual Budget (at actual production) Unfavorable Variances Unfavorable Variances Favorable Variances 100000000 31 E canprograss false 0 00 00 Q < ✪ 3 V ChromeOS update for Android. Update required today Nov 14
Transcribed Image Text:Custom Order < Variable factory overhead costs: Indirect factory labor Power and light Productive capacity for the month 21,000 hrs. Actual productive capacity used for the month 16,000 hrs. Indirect materials Print Item Total variable factory overhead cost Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead cost Total factory overhead cost Total controllable variances Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the Month Ended July 31 Check My Work Idle hours at the standard rate for fixed factory overhead: M Actual Budget (at actual production) Unfavorable Variances Unfavorable Variances Favorable Variances 100000000 31 E canprograss false 0 00 00 Q < ✪ 3 V ChromeOS update for Android. Update required today Nov 14
enow.com stom Order < eBook Fixed overhead cost: Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 17,000 hours for production: Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost LakeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Indirect factory labor Power and light Indirect materials Print Item Total variable cost Check My Work $40,560 11,470 20,200 $72,230 $44,200 12,410 20,400 Total factory overhead cost Tannin has available 21,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 16,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead cost: $73,020 19,220 35,860 M $77,010 128,100 $205,110 Construct a factory overhead cost variance report for the Trim Department for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an Q < ✰ ✰ O 31 ChromeOS update for Android... Update required today 3 Nov 14 . 31m 6:41 0
Transcribed Image Text:enow.com stom Order < eBook Fixed overhead cost: Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 17,000 hours for production: Variable overhead cost: Indirect factory labor Power and light Indirect materials Total variable overhead cost LakeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost Indirect factory labor Power and light Indirect materials Print Item Total variable cost Check My Work $40,560 11,470 20,200 $72,230 $44,200 12,410 20,400 Total factory overhead cost Tannin has available 21,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 16,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead cost: $73,020 19,220 35,860 M $77,010 128,100 $205,110 Construct a factory overhead cost variance report for the Trim Department for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an Q < ✰ ✰ O 31 ChromeOS update for Android... Update required today 3 Nov 14 . 31m 6:41 0
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