Shalom Company's Manufacturing Overhead budget for the second quarter of 2023 includes: Budgeted variable overhead rate per direct labor hour P5 Budgeted monthly fixed overhead per month 191,000 Upon further review, you found the following details of the company's fixed overhead: Depreciation of factory equipment Factory taxes Depreciation of factory machines Factory supplies Factory rent Salaries of factory maintenance Salaries of plant managers 5,000 6,000 10,000 20,000 30,000 45,000 75,000 Amounts must be in whole numbers. Example: 88,000 or (88,000) What is the total budgeted cash payment in June if the budgeted direct labor hours were 12,000?
Q: An engineer of a manufacturing company has determined the costs of producing a new product to be as…
A: Breakeven point is one of the important calculation done is cost volume profit relationship. This…
Q: You own a stock that had returns of 10.09 percent, −7.08 percent, 23.22 percent, and 15.73 percent…
A: Stock return in Year 1 (R1) = 10.09% Stock return in Year 2 (R2) = -7.08% Stock return in Year 3…
Q: USA Inc. had gross sales of $925,000. The cost of goods sold and selling expenses were $490,00 and…
A: Net income refers to the actual earnings of the company after adjustment of all the related…
Q: What is the value of the fund after 18 years? £ 数字 Enter an answer correct to 2 decimal places.
A: We need to break this question into 2 parts. First, we need to determine the FV of $200 per month…
Q: a. Estimate the value of Nabor Industries' entire company by using the free cash flow valuation…
A:
Q: If the economy booms, Meyer&Co. stock will have a return of 20.9 percent. If the economy goes into a…
A: Standard deviation of the return on stock is calculated in excel below
Q: Carl’s house payment is $2,280 per month and his car payment is $780 per month. If Carl's take-home…
A: The house payment to income ratio, also known as the front-end ratio, is a percentage that measures…
Q: Assume you want to determine whether the monthly movements in the Polish zloty against the dollar…
A: Month Exchange rate Change May 0.5102 - JUne 0.5209 2.097% July 0.5888 13.023%…
Q: Majata is a large, long-established, and now widely diversified company mainly manufacturing…
A: Net Present Value (NPV) is defined as the sum of the present values of all future cash inflows less…
Q: A 180-day $500,000 banker's acceptance (BA) is currently trading at a discount of 3.75%. You…
A: The purchase price of the BA can be calculated by subtracting the discount from the face value.…
Q: Common stock value-Constant growth Use the constant-growth model (Gordon growth model) to find the…
A: Dividend growth model is used to determine fair value of firm 'stock on the stable growth rate and…
Q: When an ice cream shop was founded, it made 26 different flavors of ice cream. If you had a choice…
A: Since you can choose any one of the 26 flavors of ice cream, there are 26 different choices for the…
Q: Identify the matrix A as a square matrix, column matrix, row matrix, or neither and determine the…
A: The given matrix is a 3x3 square matrix. What is a square matrix? A Square matrix is a matrix where…
Q: Bonner Collision has shareholders' equity of $141,800. The firm has total liabilities of $126,000 of…
A: The term Working Capital means the amount of money required to run the business on daily basis. It…
Q: Kiara leased equipment worth $70,000 for 10 years. If the cost of borrowing is 6.59% compounded…
A: A series of fixed regular periodic payments made at each interval are recognized as annuity…
Q: You want to have $10,000 in 6 years for a dream vacation. If you can earn an interest rate of .5…
A: Step 1 The original amount, the amount invested, the amount lent, the amount borrowed, etc. are all…
Q: Assume a $620,000 loan over a 20 year period at a fixed rate of 5.85%. How much would a borrower…
A: Loan amount "PV" = $620000 Annual rate = 5.85% Monthly rate "r" = 5.85%/12 NUmber of years = 20…
Q: Guerilla Radio Broadcasting has a project available with the following cash flows : Year Cash…
A: Payback period, a type of capital budgeting, gauges how long it will take to recoup an investment's…
Q: Robert owns a $190,000 town house and still has an unpaid mortgage of $142,000. In addition to his…
A: Step 1 Debt-to-equity ratio A company's debt-to-equity ratio (D/E ratio) reveals how much debt it…
Q: Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021…
A: In case of lease amortization, a fixed periodic lease payment is made at equal interval till the…
Q: Identify the three major stakeholders in any research study and evaluate the considerations relevant…
A: Both internal and external stakeholders may be a part of a company. Those who have a direct interest…
Q: Four different building locations have been suggested, of which only one will be selected. See table…
A: Benefit cost ratio - It is a ratio used in a cost - benefit analysis to study the overall…
Q: Why should financial decision makers obtain a good estimate of a firm’s cost of capital? What are…
A: The cost of capital is the cost of using the funds in the business. The funds may be in form of debt…
Q: Would Bank of America or Verizon pay the most total interest on a $4,000 bond at maturity? How much…
A: Bonds are debt instruments issued by companies. Companies issuing bonds pay periodic coupons or…
Q: Mini Case Your employer, a midsized human resources management company, is considering expansion…
A: Common Stock A sort of investment known as common stock indicates ownership in an organisation.…
Q: Bartling Energy Systems recently reported $9,250 of sales, $5,750 of operating costs other than…
A: Sales = 9250 Operating cost other than…
Q: he nature of financing is different for different stages of financing. Choose one of the stages…
A: Financing refers to the act of providing funds or capital to a company, organization, or individual…
Q: Problem I App Soft Inc. just paid a dividend of $3.00/share. App Soft has a new technology that is…
A: Dividend growth model Under this model price of the stock is calculated as follows:…
Q: The actual cost of a material is $2.33 per produced unit. A Six sigma team develop a productivity…
A: Internal rate of return refers to the return that is earned by the investments over an investment…
Q: Assume Gillette Corporation will pay an annual dividend of $0.69 one year from now. Analysts expect…
A: Dividend Discount Model FormulaPrice= D1Ke-gwhere,D1= Dividend after growthKe=Cost of equity or cost…
Q: Which of the following term LPs prefer? Committed capital as carry basis. Investment capital as…
A: LPs (Limited Partners) typically prefer committed capital as carry basis. Carry, or carried…
Q: Assuming the following returns and corresponding probabilities for Asset D: Rate of Return…
A: Rate of Return Probability 10% 30% 15% 40% 20% 30% To Calculate the Expected…
Q: A company wants to deposit extra money to cover its increased maintenance costs for the next 13…
A: Using a PV of deferred annuity formula, we can determine the amount they need to set aside today for…
Q: Given the following for Stocki: PO 45.50 0.80 0.0300 E(rM) 0.1200 Bi rf News suddenly comes out that…
A: Step 1 A financial model used to determine an asset's expected rate of return is known as the…
Q: 1. Php 100,000 zero coupon bonds is redeemed at par in 5 years. The average annual discount rate is…
A: In the given case, we have provided the maturity or the face value of Zero coupon bond , number of…
Q: Both 166.76% and 102% came back as wrong (10th of June was correct though). Can we please try once…
A: Annual return on simple interest basis With present value (PV), simple annual return (r) and period…
Q: Southeast U's campus book store sells course packs for $15.00 each, the variable cost per pack is…
A: Selling price per pack = $ 15 Variable cost per pack = $ 12…
Q: Dog Up! Franks is looking at a new sausage system with an installed cost of $750,000. This cost will…
A: As per the given information: Installation cost = $750,000Project life = 7-year lifeScrap value =…
Q: Required information The Briggs and Stratton Commercial Division designs and manufacturers small…
A: The present worth analysis is a valuable tool for evaluating financial decisions and determining the…
Q: What was its turnover ratio? (Round your answer to 1 decimal place.)
A: Given the data set in the question is The new fund had average daily assets of $2.4 billion last…
Q: In a few sentences, answer the following question as completely as you can. Define the three forms…
A: The market efficiency represents how efficiently the market is discounting various informations in…
Q: Suppose the modeling allows S→ ∞; (a) What is the value of a Call? (b) What is the value of a Put?…
A: If the market is modeled by a standard deviation of infinity, then it implies that the market is…
Q: The most recent financial statements for Hopington Tours Inc. follow. Sales for 2020 are projected…
A: The proforma income statement is given below:- 1. The expected sales = 750,000 + 25% = 937,500 2.…
Q: Elizabeth borrows $8000 now and agrees to pay $X in 6 months, $2X in 15 months and $3X in 2 years.…
A: When the lender offers a loan to the borrower, he charges some interest on the borrowed amount. The…
Q: A personal account earmarked as a retirement supplement contains $292,100. Suppose $250,000 is used…
A: future value of an annuity FV = PMT x [(1 + i)^n - 1] / i where FV is the future value of the…
Q: A surgical procedure requires four steps. The first can result in five possible outcomes, the second…
A: Number of outcomes for the first step = 5 Number of outcomes for the second step = 3 Number of…
Q: Subject: Islamic banking Q): Financing Amount : Rs 100mn (Jan 1), Profit Rate : 16% p.a. Tenor…
A: Financing amount "PV" - Rs. 100 mn Profit rate = 16% p.a Tenor = 1 Now, 4 equal payments in a year…
Q: What is the monthly payment for a $525,000 loan at 7.0% interest for 25 years with monthly payments?
A: A loan is a financial arrangement in which one or more people, companies, or other entities lend…
Q: 9. The most recent statements for Sullivan Inc. are as follows: Statement of Comprehensive Income…
A: A company's financial progress over a particular accounting period is reported using one of the…
Q: Stock A and stock C have the following historical returns: Year Stock A Return Beta Stock C Return…
A: Year Stock A Return Beta Stock C Return Beta 2017 (18%) 0.80 (14.50) 0.90…
Step by step
Solved in 2 steps
- A company estimates its manufacturing overhead will be $750,000 for the next year. What is the predetermined overhead rate given the following independent allocation bases? Budgeted direct labor hours: 60,000 Budgeted direct labor expense: $1,500,000 Estimated machine hours: 100,000A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000Sweet Acacia Company is preparing its manufacturing overhead budget for 2022. Relevant data are as follows: 1. Units to be produced (by quarters): 9,700, 12,000, 15,100,17,600 2. Direct labour: 1.4 hours per unit 3. Variable overhead costs per direct labour hour: indirect materials $0.70; indirect labour $1.10; and maintenance $0.50 4. Fixed overhead costs per quarter: supervisory salaries $34,900; depreciation $16,400; and maintenance $15,500 Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round variable cost per unit to 2 decimal places, e.g. 15.25.) SWEET ACACIA COMPANY Manufacturing Overhead Budget For the Year Ending December 31, 2022 1 2 Quarter $ $ $ $ $ $ $ $ $ $ Year
- 6 REQUIRED: 1. Prepare the factory overhead budget for May & June, 2021. Separate the fixed from the variable cost components. 2. Determine the unused normal capacity, if any.Automatic Irrigation, Inc. is preparing its manufacturing overhead budget for the 2022 year. Relevant data consist of the following: Qtr. 4 Qtr. 1 Qtr. 2 Qtr. 3 Control Units to be produced (by quarters): 6,000 10,000 12,000 9,000 Direct labor time: 1 hour per unit Variable overhead costs per direct labor hour: Indirect Materials $0.90; Indirect Labor $1.40; and Maintenance $0.50. Fixed overhead costs per quarter: Supervisory salaries $27,600; depreciation $4,000; and maintenance $1,900. Required Prepare the manufacturing overhead budget for the 2022 year showing quarterly data.5) Hakan&Ahmet Manufacturing Company uses applied overhead rate for allocating its manufacturing overhead to its products. The following information is estimated for the upcoming year of 2024: BUDGETED COSTS AND ESTIMATED ACTIVITY LEVELS Budgeted MOH Budgeted Direct Materals Cost Budgeted Direct Labor Cost Estimated Direct Labor Hours Estimated Machine Hours AMOUNTS and HOURS $ 720,000 $ 600,000 $ 480,000 72,000 dlh 120,000 mh At the end of the first week of January 2024, the company completed only one job order. Actual costs and actual usage of dlh and mh for this unit were as follows: Job Order Direct Material Cost ($) 100 GRS-34 Direct Labor Direct Labor Cost ($) 150 Hours 15 Machine Hours 30 Q1) Calculate a predetermined manufacturing overhead rate (applied overhead rate) by using each of the cost drivers of "direct materials cost", "direct labor hours", "direct labor costs" and "machine hours". Q2) By using each of these rates, calculate the unit cost of this job order.
- Marigold provided the following information from its accounting records for 2022: Expected production Actual production Budgeted overhead Actual overhead 33200 labour hours 31200 labour hours $1660000 $1610000 How much is the overhead application rate if Marigold bases the rate on direct labour hours? O $51.60 per direct labour hour O $48.49 per direct labour hour O $50.00 per direct labour hour O $53.21 per direct labour hourThread Company is preparing its manufacturing overhead budget for 2019. Relevant data consist of the following. Units to be produced (by quarters): 10,000, 12,000, 14,000, 16,000. Direct labor: Time is 1 hour per Variable overhead costs per direct labor hour: Indirect materials $0.80; indirect labor $1.20; and maintenance $0.50. Fixed overhead costs per quarter: Supervisory salaries $42,000; depreciation $16,000; and maintenance $12,000. Prepare the manufacturing overhead budget for the year, showing quarterly data. (List variable costs before fixed costs.) unit.Crane Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following. 10,600, 12,720, 14,840, 16,960. Units to be produced (by quarters): Direct labor: Time is 1.50 hours per unit. Variable overhead costs per direct labor hour: indirect materials $0.8; indirect labor $1.2; and maintenance $0.5. Fixed overhead costs per quarter: supervisory salaries $43,725; depreciation $15,900; and maintenance $12,720. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal places, e.g. 1.25. List variable expenses before fixed expense.) CRANE COMPANY Manufacturing Overhead Budget
- Question 1 Shiashi Ltd is preparing its manufacturing overhead budget for 2024. Relevant data consist of the following: - Units to be produced (by quarters): 20,000, 24,000, 34,000 and 36,000. Direct labour: Time is 1.5 hours per unit. Variable overhead costs per direct labour hour: Indirect materials GH¢1.40; indirect labour GH 2.40 and maintenance $1.50. Fixed overhead costs per quarter: Supervisory salaries GH 55,000; depreciation GH 27,000 and maintenance GH¢25,000. a) You are required to prepare the manufacturing overhead budget for the year, showing quarterly data. b) What does an organisation stand to gain by preparing annual budgets for its operations? c) Describe the budgeting process of any business entity that you are familiar with.Concord Company is preparing its manufacturing overhead budget for 2025. Relevant data consist of the following. Units to be produced (by quarters): 11,200, 13,440, 15,680, 17,920. Direct labor: Time is 3.00 hours per unit. Variable overhead costs per direct labor hour: indirect materials $1.60; indirect labor $2.40; and maintenance $1.00. Fixed overhead costs per quarter: supervisory salaries $46, 200; depreciation $16,800; and maintenance $13,440. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal place 1.25. List variable expenses before fixed expense.) CONCORD COMPANY Manufacturing Overhead Budget Quarter 123 Concord Company is preparing its manufacturing overhead budget for 2025. Relevant data consist of the following. Units to be produced (by quarters): 11,200, 13,440, 15,680, 17,920. Direct labor: Time is 3.00 hours per unit. Variable overhead costs per direct labor hour: indirect materials $1.60; indirect labor…Concord Company is preparing its manufacturing overhead budget for 2025. Relevant data consist of the following. Units to be produced (by quarters): 11,200, 13,440, 15,680, 17,920. Direct labor: Time is 3.00 hours per unit. Variable overhead costs per direct labor hour: indirect materials $1.60; indirect labor $2.40; and maintenance $1.00. Fixed overhead costs per quarter: supervisory salaries $46,200; depreciation $16,800; and maintenance $13,440. Prepare the manufacturing overhead budget for the year, showing quarterly data. (Round overhead rate to 2 decimal place: 1.25. List variable expenses before fixed expense.) A $ 1 LA CONCORD COMPANY Manufacturing Overhead Budget 2 Quarter LA 3