A manufacturer uses machine hours to allocate overhead cost to products. Budgeted information for the current year follows. Budgeted overhead cost$ 108,800Budgeted machine hours1,280machine hours Overhead cost of $21.25 is allocated to a job that uses 4 machine hours. T/F

Craftmore Machining reports the following budgeted overhead cost and related data for this year.  Activity Budgeted Cost Activity Cost Driver Budgeted Activity Usage Assembly $ 399,750 Direct labor hours (DLH) 13,000 Product design 61,500 Engineering hours (EH) 1,230 Electricity 20,500 Machine hours (MH) 10,000 Setup 51,250 Setups 410 Total $ 533,000     Required:1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours.2. Job 31 used 240 direct labor hours and Job 42 used 520 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1.3. Compute an activity rate for each activity using activity-based costing.4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing.  Activity Cost Driver Activity Usage Job 31 Job 42 Direct labor hours (DLH) 240 520 Engineering hours (EH) 27 33 Machine hours (MH) 60 60 Setups 5 7

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Harris Manufacturing produces white sauce. It uses units as the cost driver for overhead. The following information was provided concerning its standard cost system for 2020: Budgeted and Standard Data   Actual Data Material  1/4 lb. @ $14 per pound   Produced 6,100 units   Labor  1.4 hrs. @ $16 per hour Materials purchased 1,600 lbs. for $13.70/pound   Total fixed overhead  $84,000 Materials used 1,520 lbs.   Variable overhead  $6.50 per unit Labor worked 8,740 hrs. at $15.90/hour   Production  6,000 units Total overhead $122,000                                         How much is the flexible budget for overhead for 2020?     $122,000     $123,000     $127,100     $124,300     $123,650

A company budgets $106,800 for overhead and 7,060 direct labor hours for the year. The company's Basic model uses 2 direct labor hours per unit and its Premium model uses 3 direct labor hours per unit. The direct labor rate is $43 per hour. Direct materials cost $13 per unit for the Basic model and $19 per unit for the Premium model. Enter answers in the tabs below. Required Required Required 1 2 3 Compute overhead. cost per unit for each model. Basic Premium Plantwide Direct Labor Overhead Hours per Unit Rate Overhead Cost per Unit

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Craftmore Machining reports the following budgeted overhead cost and related data for this year. Budgeted Cost Activity Cost Driver Activity Assembly Product design $ 390,000 Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) 60,000 20,000 Budgeted Activity Usage 13,000 1,000 10,000 400 Electricity 50,000 Setups $ 520,000 Setup Total Required: 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 13,000 direct labor hours. 2. Job 31 used 200 direct labor hours and Job 42 used 480 direct labor hours. Allocate overhead cost to each job using the single plantwide overhead rate from part 1. 3. Compute an activity rate for each activity using activity-based costing. 4. Allocate overhead costs to Job 31 and Job 42 using activity-based costing. Activity Cost Driver Direct labor hours (DLH) Engineering hours (EH) Machine hours (MH) Setups Required 1 Required 2 Activity Usage Job 31 200 26 50 4 Numerator Denominator Job 42 Complete…

JYD Manufacturing uses departmental cost driver rates to apply manufacturing overhead costs to products. Manufacturing overhead costs are applied on the basis of machine hours in the Machining Department and on the basis of direct labor hours in the Assembly Department. At the beginning of 2021, the following estimates were provided for the coming year:                                                                                         Machining                         Assembly                 Direct labor hours                                          10,000 dlh                          90,000 dlh                 Machine hours                                                100,000 mh                        5,000 mh                 Direct labor cost                                             P80,000                          P720,000                 Manufacturing overhead                                250,000                            360,000                    The accounting…

Spree Party Lights overhead expenses are: Indirect material, pounds per unit Indirect material, cost per pound Indirect labor hours Indirect labor rate per hour Variable maintenance per unit Variable utilities per unit Supervisor salaries Maintenance salaries Insurance Depreciation Units to Produce Variable Costs Indirect Material Indirect Labor Maintenance Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively. Spree Party Lights Manufacturing Overhead Budget For the Quarter Ending January - March January February 2,400 3,100 Utilities Total Variable Manufacturing Costs Fixed Costs 0.30 Supervisory Salaries Maintenance Salaries Insurance Depreciation Total Fixed Manufacturing Coats Total Manufacturing Overhead $2 $16.50 $0.75 $0.20 $11,000 $9,000 $3,000 $1,600 1,440 30,500 1.1900 11,000 5,000 3,000 1,500 24,600 67,020 1,860 51,150 620 53,955 11,000 9,000 3,000 1,000 24,400 10,355 March 2,1800…

Spree Party Lights overhead expenses are: Indirect material, pounds per unit 0.30 Indirect material, cost per pound $2 Indirect labor hours 1 Indirect labor rate per hour $16.50 Variable maintenance per unit $0.75 Variable utilities per unit $0.20 Supervisor salaries $11,000 Maintenance salaries $9,000 Insurance $3,000 Depreciation $1,600 Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,800, respectively. Spree Party LightsManufacturing Overhead BudgetFor the Quarter Ending January - March   January February March Units to Produce fill in the blank 1 fill in the blank 2 fill in the blank 3 Variable Costs         $- Select - $- Select - $- Select -   - Select - - Select - - Select -   - Select - - Select - - Select -   - Select - - Select - - Select - Total Variable Manufacturing Costs $fill in the blank 20 $fill in the blank 21 $fill in the blank 22…