Sedona Company set the following standard costs for one unit of its product for this year Direct terial (15 pounds 53.40 per pound) Direct labor (1e hourss9.70 per DLH) Veriable overhead (10 hours e $4.90 per DLH) Fised overhead (10 hours $2.00 per DLH) Standard cost per unit $$1.00 97,00 49.00 20.00 $ 217.00 The $6.90 ($4.90 $2.00) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 41,300 units, which is 70% of the factory's capacity of 59.000 units per month. The following monthly flexible budget information Is avallable. Operat ing levels (K of capacity) 70 41, 00 41), 00 lexible Budget Budgeted production (units) udgeted direct labor (standard hours) Budgsted everhead Variable overhead Fised overhead Total evertead 30, 5e 363,500 75 44,250 442, 500 $ 1,879,150 826, 000 $2,705,150 $ 2,023, 700 826, 000 $2,49, 700 $2,168,250 126, 00 $2,994,25e During the current month, the company operated at 65% of capacity, direct labor of 365,000 hours were used, and the following actual overhead costs were incurred. Actual variable overhead Actual fiad overhead Actuel total verhead $1,816,000 899,050 52,715,ese

Sedona Company set the following standard costs for one unit of its product for this year Direct terial (15 pounds 53.40 per pound) Direct labor (1e hourss9.70 per DLH) Veriable overhead (10 hours e $4.90 per DLH) Fised overhead (10 hours $2.00 per DLH) Standard cost per unit $$1.00 97,00 49.00 20.00 $ 217.00 The $6.90 ($4.90 $2.00) total overhead rate per direct labor hour (DLH) is based on a predicted activity level of 41,300 units, which is 70% of the factory's capacity of 59.000 units per month. The following monthly flexible budget information Is avallable. Operat ing levels (K of capacity) 70 41, 00 41), 00 lexible Budget Budgeted production (units) udgeted direct labor (standard hours) Budgsted everhead Variable overhead Fised overhead Total evertead 30, 5e 363,500 75 44,250 442, 500 $ 1,879,150 826, 000 $2,705,150 $ 2,023, 700 826, 000 $2,49, 700 $2,168,250 126, 00 $2,994,25e During the current month, the company operated at 65% of capacity, direct labor of 365,000 hours were used, and the following actual overhead costs were incurred. Actual variable overhead Actual fiad overhead Actuel total verhead $1,816,000 899,050 52,715,ese

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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