hdustries, Inc. (G), developed standard costs for direct material and direct labor. In 2017, GIl estimated the following standard costs for one of their major products, the 30 - gallon heavy - Budgeted price $30 per pound $14 per hour Budgeted quantity 0.1 pounds materials ad labor Fa ndred and sold 4,000 containers using 550 pounds of direct materials at an average cost per pound of $25 and 3,225 direct manufacturing labor hours at an average wage of $14.40 p 0.8 hours The dredt meterial price variance during July is OA S4.500 untavorable 0B $20.000 untavorable OC $2750 favorable OD $2750 untavorable O Time Remaining: 0256.00 Nex

Dazzle Party is a small business that produces decorative balloons for events. Dazzle Party uses normal costing and assigns manufacturing overhead (MOH) costs using labour hours as the allocation base. Budgeted and actual production data for the year 2023 is provided below. Budget $60,000 120,000 Actual $52,000 MOH costs Labour-hours 110,000 Required: Calculate the difference between the allocated MOH cost and the actual MOH cost incurred in 2023. Clearly state whether this difference represents a case of under-allocation or over-allocation of MOH.

Orange, Inc. has identified the following cost drivers for its expected overhead costs for the year:     Overhead  Item   Expected Cost   Cost Driver Expected Quantity     Setup costs $ 59,500   Number of setups 250     Ordering costs   49,000   Number of orders 1,500     Maintenance   138,000   Machine hours 2,000     Power   29,500   Kilowatt hours 4,000     Total Overhead $ 276,000             Total direct labor hours budgeted = 2,000 hours.   The following actual data applies to one of the products completed during the year:   Product X     Direct materials $ 6,900   Number of setups 5     Direct labor $ 4,900   Number of orders 50     Units completed   100   Machine hours 50     Direct labor hours   100   Kilowatt hours 500       If Orange, Inc. uses machine hours to allocate overhead cost, the unit product cost of Product X will be:   Multiple Choice   $117.00.   $137.00   $147.00   $167.00.   $187.00.

Palladium Inc. produces a variety of household cleaning products. Palladium's controller has developed standard costs for the following four overhead items: Overhead Item Total Fixed Cost Variable Rate per Direct Labor Hour Maintenance Power Indirect labor Rent $86,000 140,000 $0.20 0.45 2.10 35,000 Next year, Palladium expects production to require 88,000 direct labor hours Exercise 9-63 Flexible Budget for Various Levels of Activity Refer to the information for Palladium Inc. above. Required: 1. Prepare an overhead budget for the expected level of direct labor hours for the coming year. 2. Prepare an overhead budget that reflects production that is 15% higher than expected and for production that is 15% lower than expected.