Spree Party Lights overhead expenses are:Indirect material, pounds per unitIndirect material, cost per poundIndirect labor hoursIndirect labor rate per hourVariable maintenance per unitVariable utilities per unitSupervisor salariesMaintenance salariesInsuranceDepreciationUnits to ProduceVariable CostsIndirect MaterialIndirect LaborMaintenancePrepare 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 - MarchJanuaryFebruary2,4003,100UtilitiesTotal Variable Manufacturing CostsFixed Costs0.30Supervisory SalariesMaintenance SalariesInsuranceDepreciationTotal Fixed Manufacturing CoatsTotal Manufacturing Overhead$2$16.50$0.75$0.20$11,000$9,000$3,000$1,6001,44030,5001.190011,0005,0003,0001,50024,60067,0201,86051,15062053,95511,0009,0003,0001,00024,40010,355March2,18001,08046,2002,10050,54011,0009,0003,0001,00024,60075.050

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VARIABLE COST Variable Cost is a cost that varies with the level of output. variable costs include…

Business

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 Variabletti per unit Supervisor salaries Maintenance salaries Insurance Depreciation Units to Produce Variable Costs Indirect Material Total Variable Manufacturing Costs Fixed Costs Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,500, respectively. Spree Party Lights Manufacturing Overhead Budget For the Quarter Ending January - March Maintenance Salaries 0.30 $2 Depreciation Total Fixed Manufacturing Costs Total Manufacturing Overhead 1 $16.50 $0.75 $0.20 $11,000 $9,000 $3,000 $1,000 January February March 2.400 3,100 90000 30,000 1.300 11,000 SUKID 3,000 1000 24,000 1,860 31,150 2.325 11,000 9,000 3,000 24,600 0,555 2.300 46.200 2.300 SGD 11.000 SLADD 3.000 1000 24.000 750150

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 Variabletti per unit Supervisor salaries Maintenance salaries Insurance Depreciation Units to Produce Variable Costs Indirect Material Total Variable Manufacturing Costs Fixed Costs Prepare a manufacturing overhead budget if the number of units to produce for January, February, and March are 2,400, 3,100, and 2,500, respectively. Spree Party Lights Manufacturing Overhead Budget For the Quarter Ending January - March Maintenance Salaries 0.30 $2 Depreciation Total Fixed Manufacturing Costs Total Manufacturing Overhead 1 $16.50 $0.75 $0.20 $11,000 $9,000 $3,000 $1,000 January February March 2.400 3,100 90000 30,000 1.300 11,000 SUKID 3,000 1000 24,000 1,860 31,150 2.325 11,000 9,000 3,000 24,600 0,555 2.300 46.200 2.300 SGD 11.000 SLADD 3.000 1000 24.000 750150

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 10P

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Spree Party Lights overhead expenses are: Prepare a manufacturing overhead budget if the number of units to produce for January,February, and March are 2,500. 3,000, and 2.700, respectively.
Factory overhead cost budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Calculating factory overhead The normal capacity of a factory is 10,000 units per month. Cost and production data follow: Calculate the amount of factory overhead allowed for the actual volume of production each month and the variance between budgeted and actual overhead for each month.
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: 100,000
Using High-Low to Calculate Predicted Total Variable Cost and Total Cost for Budgeted Output Refer to the information for Pizza Vesuvio on the previous page. Assume that this information was used to construct the following formula for monthly labor cost. TotalLaborCost=5,237+(7.40EmployeeHours) Required: Assume that 675 employee hours are budgeted for the month of September. Use the total labor cost formula for the following calculations: 1. Calculate total variable labor cost for September. 2. Calculate total labor cost for September.
Factory overhead cost budget Nutty Candy Company budgeted the following costs for anticipated production for August: Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only factory fixed costs.
Direct labor hours are estimated as 2,000 in Quarter 1; 2,100 in Quarter 2; 1,900 in Quarter 3; and 2,300 in Quarter 4. Prepare a manufacturing overhead budget using the information provided.
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, 2,900, and 2,600, respectively. Spree Party Lights Manufacturing Overhead Budget For the Quarter Ending January - March January February Utilities Total Variable Manufacturing Costs Fixed Costs Supervisory Salaries Maintenance Salaries Insurance Depreciation 0.30 $2 1 Total Fixed Manufacturing Costs Total Manufacturing Overhead $16.00 $0.75 $0.20 $9,000 $8,000 $4,000 $1,400 March
REQUIREMIENTS: What is the predetermined overhead rate? What is the amount of overhead applied for February? If the actual overhead for February is $64,700, what is the overhead variance and is it overapplied or underapplied?
A manufacturer uses machine hours to assign overhead costs to products. Budgeted information for the next year follows. Budgeted factory overhead costs Budgeted machine hours Compute the plantwide overhead rate for the next year based on machine hours. Plantwide overhead rate $431,200 5,600 per MH
How many months are we using to estimate overhead costs for the service center?
A manufactured product has the following Information for August. Direct materials Direct labor Overhead Standard Quantity and Cost 2 pounds per unit @ ss.ee per pound e.5 hour per unit @ $60 per DLH $78 per DLH Units manufactured Total manufacturing costs (1) Prepare the standard cost card showing standard cost per unit. (2) Compute total budgeted cost for production In August. (3) Compute the total cost variance for August. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the standard cost card showing standard cost per unit. Note: Round your final answers to 2 decimal places. Inputs Direct materials Direct labor Overhead Standard quantity or hours pounds x DLH x DLH x Required 1 Required 2 Required 3 Standard price or rate Standard cost per unit Compute total budgeted cost for production in August. Total budgeted cost Required 1 Required 2 Required 3 Actual Results 14,200 units $ 1,203,400 Compute the total cost variance…