Please do not give solution in image format thanku 2. Prepare the company's manufacturing overhead budget. As per Schedule 5, your manufacturing overhead budget should alsoinclude the budgeted cash disbursements for overhead.Budgeted direct labour-hoursVariable overhead rateVariable manufacturing overheadFixed manufacturing overheadTotal manufacturing overheadCulbert Dessert CorporationManufacturing Overhead BudgetSecondQuarterCash disbursements for manufacturing overheadFirstQuarterThirdQuarterFourthQuarterYear Problem 9-16 Direct Labour and Manufacturing Overhead Budgets [LO2]6The Bakery Department of Culbert Dessert Corporation has submitted the following forecast of fruit pies to be produced by quarter forthe upcoming fiscal year.Units to be producedFourthFirstQuarterSecond ThirdQuarter Quarter Quarter8,300 11,300 9,300 13,300Each unit requires 0.60 direct labour-hours, and direct labour-hour workers are paid $9.00 per hour.In addition, the variable manufacturing overhead rate is $1.50 per direct labour-hour. The fixed manufacturing overhead is $23,750per quarter. The only non-cash element of manufacturing overhead is depreciation, which is $7,150 per quarter.Required:1. Prepare the company's direct labour budget for the upcoming fiscal year, assuming that the direct labour workforce is adjusted eachquarter to match the number of hours required to produce the forecast number of units produced.Units to be producedDirect labour time per unit (hours)Total direct labour-hours neededDirect labour cost per hourTotal direct labour costCulbert Dessert CorporationDirect Labour BudgetSecondQuarterFirstQuarterThirdQuarterFourthQuarterYear

The budget is prepared to estimate the requirements for the period. The depreciation is non cash…

Answered: The Bakery Department of Culbert…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.4C: Variable costs and activity bases in decision making The owner of Dawg Prints, a printing company,...

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3 The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 10,400 8,000 8,200 10,500 Each unit requires 0.35 direct labor-hours, and direct laborers are paid $14.00 per hour. Units to be produced Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost 1st Quarter Rordan Corporation Direct Labor Budget 2nd Quarter 3rd Quarter 4th Quarter Year
Question 7 Howard Bannister Company budgets the following per-unit costs for the upcoming year: Direct Material Direct Labor Variable Selling Expenses Sales commission $32.54 $21.24 $15.70 $20.10 Howard budgets producing 1,017 units and having 27,370 of total variable overhead, 49,540 of total fixed overhead, and 30,387 of total fixed S&A costs for the year. Howard allocates overhead based on units produced. What is the per-unit cost of inventory under variable costing (i.e., assuming budgets are correct, how much will be the total amount debited to WIP if Howard produces one additional unit)? Round your answer to two decimal places (e.g., 192.37).
es C aw 11 The production manager of Rordan Corporation has submitted the following quarterly production forecast for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 9,600 7,500 7,800 4th Quarter 10,100 Units to be produced Each unit requires 0.65 direct labor-hours, and direct laborers are paid $10.00 per hour. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year. (Round "Direct labor time per unit (hours)" answers to 2 decimal places.) 2 Direct labor time per unit (hours) Total direct labor-hours needed Direct labor cost per hour Total direct labor cost 13 # 3 f4 $ 4 Rordan Corporation Direct Labor Budget 1st Quarter do % 2nd Quarter 3rd Quarter 4th Quarter LO 5 f6 Q Search 6 fy 4+ & fg 7 90 Year fu DDI C f12 4 99+ =
QUESTION 3 EXERCISE 10-14 Direct Labor and Manufacturing Overhead Budgets [LO4d, L04e] The production department of Raredon Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 12,000 2. 2nd Quarter 3rd Quarter Units to be produced...... Each unit requires 0.70 direct labor-hours, and direct labor-hour workers are paid $10.50 per hour. In addition, the variable manufacturing overhead rate is $1.50 per direct labor-hour. The fixed manufacturing overhead is $80,000 per quarter. The only noncash element of manufacturing over- head is depreciation, which is $22,000 per quarter. Required: 1. 14,000 4th Quarter 13,000 11,000 Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to pro- duce the forecasted number of units produced. Prepare the company's manufacturing overhead budget.
EXERCISE 8-15 Direct Labor and Manufacturing Overhead Budgets LO8-5, LO8-6 The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced. 2. 1st Quarter 3. 12,000 2nd Quarter 3rd Quarter 10,000 13,000 Each unit requires 0.2 direct labor-hours and direct laborers are paid $12.00 per hour. In addition, the variable manufacturing overhead rate is $1.75 per direct labor-hour. The fixed manufacturing overhead is $86,000 per quarter. The only noncash element of manufacturing over- head is depreciation, which is $23,000 per quarter. Required: 1. 4th Quarter 14,000 Calculate the company's total estimated direct labor cost for each quarter of the the upcom- ing fiscal year and for the year as a whole. Assume that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the estimated number of units produced (Hint: Refer to Schedule 4 for…
EXERCISE 8-15 Direct Labor and Manufacturing Overhead Budgets [ LO8-5, Q LO8-6] The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 12,000 10,000 13,000 14,000 Each unit regquires 0.2 direct labor-hours and direct laborers are paid $12.00 per hour. In addition, the variable manufacturing overhead rate is $1.75 per direct labor-hour. The fixed manufacturing overhead is $86,000 per quarter. The only noncash element of manufacturing overhead is depreciation, which is $23,000 per quarter. Required: 1. Prepare the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Week 11 Absorption Costing & Marginal Costing Profit Statement Answer all questions Fantasia Berhad plans to manufacture a new product next month. The expected average monthly sales and production volumes are 3,000 units. Budgeted cost per unit of a product based on the average monthly production volume is as follows: Direct material Direct labour (RM16 per hour) Variable production overhead RM 110 Required: 48 Other information are as follows: Selling Price per unit Variable selling and administration overhead Fixed selling and administration overhead Fixed production overhead Additional information: i. Fixed selling and administration overhead is to be treated as period cost in the monthly Income Statement. b. 24 182 ii. The budgeted production for the first month is 3,720 units but only 2,680 units are expected to be sold. RM400 10% of selling price RM168,000 per month RM126,000 per month Prepare the Statement of Profit or Loss of Fantasia Berhad for the first month using the…
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.
Ch. 8 Homework Question 5 & 6 Question: 5 Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour. Required: Determine Shadee's budgeted direct labor cost for May and June. Question 6 Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost of $1.50 each. Shadee wants to have 30 closures on hand on May 1, 20 closures on May 31 and 25 closures on June 30 and variable manufacturing overhead is $1.25 per unit produced. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour. Required: 1. Determine Shadee’s budgeted manufacturing cost per visor. (Note: Assume that fixed overhead per unit is $2.) 2. Determine Shadee's budgeted cost of goods sold for May and June.
QUESTION 8 Avery Company has compiled the following data for the upcoming year: Sales are expected to be 13300 units at $31 each. • Each unit requires 2.1 pounds of direct materials at $2.1 per pound. • Each unit requires 0.7 hours of direct labor at $14 per hour. Manufacturing overhead is $6 per unit. Selling and administrative costs are $6 per unit What is Avery's budgeted cost of goods sold? M Az
Question 6 View Policies Current Attempt in Progress Crane Company determines that 59000 pounds of direct materials are needed for production in July. There are 3700 pounds of direct materials on hand at July 1 and the desired ending inventory is 3300 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases? ort $175800 O $180600. O $178200. O $173400. ea Chp ins prt sc fho 12 home delete % 5 & 7 backspace lock T P hom G H K enter B pause t shift ctri NM N
Question 1 Plagued Engineering Limited produces two products, Niks and Args. The budget for the forthcoming year to 31 March 19X8 is to be prepared. Expectations for the forthcoming year include the following. Finished products Niks Args The sales director has estimated the following: demand for the company’s products will be 4,500 units 4,000 units they will market at a selling price per unit of $32 $44 the closing stock of finished products at 31 March 19X8 is required to be 400 units 1,200 units the opening stock of finished products at 1 April 19X7 is 900 units 200 units the unit cost of this opening stock will be $20 $28 the amount of plant capacity required for each unit of product is: machining…

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