The production supervisor of the Machining Department for Hagerstown Company agreed to the following monthly static budget for the upcoming year: Hagerstown Company Machining Department Monthly Production Budget Wages $614,000 Utilities 36,000 Depreciation 61,000 Total $711,000 The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: Amount Spent Units Produced May $671,000 128,000 June 643,000 117,000 July 611,000 105,000 The Machining Department supervisor has been very pleased with this performance because actual expenditures for May–July have been significantly less than the monthly static budget of 711,000. However, the plant manager believes that the budget should not remain fixed for every month but should “flex” or adjust to the volume of work that is produced in the Machining Department. Additional budget information for the Machining Department is as follows: Wages per hour $22.00 Utility cost per direct labor hour $1.30 Direct labor hours per unit 0.20 Planned monthly unit production 140,000 Question Content Area a. Prepare a flexible budget for the actual units produced for May, June, and July in the Machining Department. Assume depreciation is a fixed cost. If required, use per unit amounts carried out to two decimal places. Hagerstown CompanyMachining Department BudgetFor the Three Months Ending July 31 May June July Units of production 128,000 117,000 105,000 $Wages $Wages $Wages Utilities Utilities Utilities Depreciation Depreciation Depreciation Total $fill in the blank b495b908e03a06b_13 $fill in the blank b495b908e03a06b_14 $fill in the blank b495b908e03a06b_15 Supporting calculations: Units of production 128,000 117,000 105,000 Hours per unit x fill in the blank b495b908e03a06b_16 x fill in the blank b495b908e03a06b_17 x fill in the blank b495b908e03a06b_18 Total hours of production fill in the blank b495b908e03a06b_19 fill in the blank b495b908e03a06b_20 fill in the blank b495b908e03a06b_21 Wages per hour x $fill in the blank b495b908e03a06b_22 x $fill in the blan

Static budget versus flexible budget The production supervisor of the Machining Department for Hagerstown Company agreed to the following monthly static budget for the upcoming year: Hagerstown Company Machining Department Monthly Production Budget Wages Utilities Depreciation Total $1,090,000 49,000 82,000 $1,221,000 The actual amount spent and the actual units produced in the first three months in the Machining Department were as follows: Amount Spent Units Produced 100,000 91,000 82,000 May June July The Machining Department supervisor has been very pleased with this performance because actual expenditures for May-July have been significantly less than the monthly static budget of 1,221,000. However, the plant manager believes that the budget should not remain fixed for every month but should "flex" or adjust to the volume of work that is produced in the Machining Department. Additional budget information for the Machining Department is as follows: $1,150,000 1,095,000 1,042,000…

Starts Inc. using production levels of 62,000, 67,200, and 69,300 units produced. The following additional information is necessary to complete the budget.  Prepare a flexible production budget for the year ending December 31 for :Variable costs:             Direct labor ($18.00 per unit)   Direct materials ($5.00 per unit)   Variable manufacturing costs ($8.00 per unit) ​ Fixed costs:   Supervisor’s salaries $27,000   Rent 18,000   Depreciation on equipment 82,000

At the beginning of the period, the Fabricating Department budgeted direct labor of $123,500 and equipment depreciation of $34,000 for 6,500 hours of production. The department actually completed 8,600 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.$fill in the blank 1

The production budget for Manner Company shows units to produce as follows: July, 700; August, 760; and September, 620. Each unit produced requires one hour of direct labor. The direct labor rate is budgeted at $17 per hour in July and August, but is budgeted to be $17.75 per hour in September. Prepare a direct labor budget for the months July, August, and September. Units to produce Direct labor hours needed Cost of direct labor MANNER COMPANY Direct Labor Budget July 700 August 760 September 620 units

The following budget data pertain to the Machining Department of Grind Company:   Maximum capacity 65,000 units Machine hours per unit 2.50   Variable factory overhead $ 4.40 per machine hour Fixed factory overhead $ 432,500     The company prepared the budget at 75% of the maximum capacity level. The department uses machine hours as the basis for applying standard factory overhead costs to production (outputs).The standard fixed overhead application rate for the Machining Department (to two decimal places) is:   Multiple Choice   $3.55 per machine hour.   $3.62 per machine hour.   $4.23 per machine hour.   $3.04 per machine hour.   $8.65 per machine hour.

Ramos Company provides the following (partial) production budget for the next three months. Each finished unit requires 0.50 hour of direct labor at the rate of $16 per hour. The company budgets variable overhead at the rate of $20 per direct labor hour and budgets fixed overhead of $8,000 per month. Production Budget Units to produce Required 1 Required 2 1. Prepare a direct labor budget for April, May, and June. 2. Prepare a factory overhead budget for April, May, and June. April 442 Complete this question by entering your answers in the tabs below. Units to produce May 570 Direct labor hours needed June 544 Prepare a direct labor budget for April, May, and June. (Enter your direct labor hours (hours) per unit in two decimal places.) Cost of direct labor RAMOS COMPANY Direct Labor Budget April 544 units

Harper Manufacturing determines allocation rates as part of its annual budgeting process, which takes place 1 month before the beginning of the year. The company reports the following manufacturing overhead information as part of its budgeting process: Budgeted MOH Budgeted production (units) Budgeted direct labor hours Cost Pool Cost Pool 1 Cost Pool 2 Total Total Cost $ 6,000,000 $ 9,000,000 $ 15,000,000 $ 15,000,000 25,000,000 40,000 Allocation Base Unit Direct labor hour Question a. Assuming that Harper uses a traditional job costing system with a single allocation base (units), what is the predetermined overhead rate for the upcoming year? Note: Round your answer to 2 decimals. b. Assume Job 189 comprises 36 units and 2 direct labor hours. If Harper uses a traditional job costing system with a single allocation base (units), what is the total manufacturing overhead allocated to the job? Note: Round your answer to 2 decimals. c1. Now assume that Harper uses a two-stage job costing…