ndirect labor 24,000  Utilities 20,000  Maintenance 12,000  Fixed Costs  Supervisor’s salary $80,000  Depreciation 16,000  Property taxes 8,000  Actual variable costs for the first quarter were:  Indirect materials $37,200 Indirect labor 26,400  Utilities 21,000  Maintenance 10,600  Actual fixed costs were as expected except for property taxes which were $9,000. All costs are considered controllable by the department manager except for the supervisor’s salary.  Instructions Prepare a manufacturing overhead responsibility performance report for the first quarter

The manufacturing overhead budget at Foshay Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 5,800 direct labor-hours will be required in May. The variable overhead rate is $9.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $104,400 per month, which includes depreciation of $8,120. All other fixed manufacturing overhead costs represent current cash flows. The company recomputes its predetermined overhead rate every month. What should be the predetermined overhead rate for May?

The following information relates to Steele​ Manufacturing's overhead costs for the​ month:   Static budget variable overhead $35,900 Static budget fixed overhead $15,600 Static budget direct labor hours 15,400 hours Static budget number of units 5,500 units   Steele allocates variable manufacturing overhead to production based on standard direct labor hours.     Steele reported the following actual results for last​ month: actual variable​ overhead, $35,400​;actual fixed​ overhead, $15,400​; actual production of 5,400 units at 2.4 direct labor hours per unit. The standard direct labor time is 2.8 direct labor hours per unit.   Compute the variable overhead efficiency variance.​ (Round the answer to the nearest​ dollar.)     A. $4,474 U   B. $5,033 U   C. $4,474 F   D. $5,033 F

Patel and Sons Inc. uses a standard cost system to apply factory overhead costs to units produced. Practical capacity for the plant is defined as 51,600 machine hours per year, which represents 25,800 units of output. Annual budgeted fixed factory overhead costs are $258,000 and the budgeted variable factory overhead cost rate is $2.50 per unit. Factory overhead costs are applied on the basis of standard machine hours allowed for units produced. Budgeted and actual output for the year was 19,500 units, which took 40,600 machine hours. Actual fixed factory overhead costs for the year amounted to $251,600 while the actual variable overhead cost per unit was $2.40.   Assume that at the end of the year, management of Patel and Sons decides that the overhead cost variances should be allocated to WIP Inventory, Finished Goods Inventory, and Cost of Goods Sold (CGS) using the following percentages: 10%, 20%, and 70%, respectively. Provide the proper journal entry to close out the…

Yuvwell Corporation's direct labor budget for next year contained the following Information: Budgeted direct labor-hours 1st Quarter 2nd Quarter 8,000 8,200 3rd Quarter 4th Quarter 8,500 7,800 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash Item Included in fixed manufacturing overhead is depreciation of $16,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year. Note: Round your answer to 2 decimal places.…

Yuvwell Corporation's direct labor budget for next year contained the following Information: Budgeted direct labor-hours 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 8,000 8,200 8,500 7,800 The company uses direct labor-hours as its overhead allocation base. The variable portion of its predetermined manufacturing overhead rate is $3.25 per direct labor-hour and its total fixed manufacturing overhead is $48,000 per quarter. The only noncash Item Included in fixed manufacturing overhead is depreciation of $16,000 per quarter. Required: 1. Prepare the company's manufacturing overhead budget for next year. 2. Compute the company's predetermined overhead rate (including both variable and fixed manufacturing overhead) for next year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the company's manufacturing overhead budget for next year. Note: Round "Variable manufacturing overhead rate" answers to 2 decimal places. Yuvwell Corporation…

Starts Inc. using production levels of 62,000, 67,200, and 69,300 units produced. The following additional information is necessary to complete the budget.  Prepare a flexible production budget for the year ending December 31 for :Variable costs:             Direct labor ($18.00 per unit)   Direct materials ($5.00 per unit)   Variable manufacturing costs ($8.00 per unit) ​ Fixed costs:   Supervisor’s salaries $27,000   Rent 18,000   Depreciation on equipment 82,000

Novak Company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows: Indirect labor: $1.10, Indirect materials: 0.80, Utilities: 0.50. Fixed overhead costs per month are Supervision $4, 000, Depreciation $1, 200, and Property Taxes $800. The company believes i will normally operate in a range of 7, 000-10, 000 direct labor hours per month. Prepare a monthly manufacturing overhead flexible budget for 2022 for the expected range of activity, using increments of 1, 000 direct labor hours. (List variable costs before fixed costs.)