THE MISSY CORPORATION RECORDED THE FOLLOWING BUDGETED AND ACTUAL INFORMATION RELATING TO FIXED OVERHEAD COSTS FOR ITS Z-LINE OF PRODUCTS. STANDARD FIXED OVERHEAD PER DIRECT LABOR $5.5 HOUR STANDARD DIRECT LABOR HOURS PER UNIT 0.5 BUDGETED PRODUCTION 2,700 BUDGETED FIXED OVERHEAD COSTS $9,925 ACTUAL PRODUCTION IN UNITS 3,300 ACTUAL FIXED OVERHEAD COSTS INCURRED WHAT IS MITSY'S FORCED MANUFACTURING OVERHEAD $3,500 BUDGET VARIANCE?

Wrappers Tape makes two products: Simple and Removable. It estimates it will produce 369,991 units of Simple and 146,100 of Removable, and the overhead for each of its cost pools is as follows: It has also estimated the activities for each cost driver as follows: Â How much is the overhead allocated to each unit of Simple and Removable?

The total cost for monthly supervisory cost in a factory is 4,500 regardless of how many hours the supervisor works or the quantity of output achieved. This cost a. is strictly variable. b. is strictly fixed. c. is a mixed cost. d. is a step cost. e. cannot be determined from this information.

A company has the following information relating to its production costs: Compute the actual and applied overhead using the companys predetermined overhead rate of $23.92 per machine hour. Was the overhead over applied or under applied, and by how much?

Medical Tape makes two products: Generic and Label. It estimates it will produce 423,694 units of Generic and 652,200 of Label, and the overhead for each of its cost pools is as follows: It has also estimated the activities for each cost driver as follows: How much is the overhead allocated to each unit of Generic and Label?

The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?

Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?

A Company establishes the following standards for the costs of one unit of its product. The standard production overhead costs per unit are bascd on direct-labor hours. Calculation for standard per unit cost is as follows: Std Cost Std Qty 3.00 kg | Direct Material Direct Labor Variable Overhead Fixed Overhead* |Total *based on practical capacity of 20,000 direct-labor hour per month Std Price/Rate $ 8.25 per kg $ 10.00 per hour $ 10.00 per hour $ 7.50 per hour 24.75 $ 20.00 2.00 hour $ 20.00 2.00 hour 15.00 2.00 hour 79.75 During December 2020, the Company purchased 30,000 kg of direct material at a total cost of $246,000. The total wages for December were $260,000, 75% of which were for direct labor. The Company manufactured 9,500 units of product during December 2020, using 28,400 kg of the direct material purchased in December and 18,900 direct-labor hours. Actual variable and fixed overhead cost were $200,000 and $150,000, respectively. The scheduled production for the month was…

Vinubhai

Kropf Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products based on direct labor-hours. InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 8.60liters$ 8.20per literDirect labor0.70hours$ 26.70per hourVariable manufacturing overhead 0.70hours$ 7.10per hour The company has reported the following actual results for the product for September Actual output10,800units Raw materials purchased94, 200litersActual cost of raw materials purchased$ 782,500 Raw materials used in production92,900litersActual direct labor -hours7, 110hoursActual direct labor cost$ 193,302 Actual variable overhead cost$ 45,414 Required: Compute the materials price variance for September. Compute the materials quantity variance for September Compute the labor rate variance for September. Compute the labor efficiency variance for September. Compute the variable overhead rate…