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Frizell Company is preparing its manufacturing overhead budgetfor 2011. Relevant data consist of the following.

· Units to beproduced (by quarters): 10,000, 12,000, 14,000, and 16,0

· Direct labor:Time is 1.5 hours per unit

· Variableoverhead costs per direct labor hour: Indirect materials $0.70;indirect labor $1.20; and maintenance $0.50

· Fixed overheadcosts per quarter: Supervisory salaries $35,000; depreciation$16,000; and maintenance $12,000

Prepare the manufacturing overhead budget for the year, showingquarterly data.

SEE ANSWER SHEET (WAY) BELOW...

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Quarter





























































1





2





3





4





Year














































Variable costs




Indirect materials




Indirect labor




Maintenance




Total variable




Fixed costs




Supervisorysalaries




Depreciation




Maintenance




Total fixed




Total manufacturing overhead







Direct labor hours




Manufacturing overhead rate




  per direct labor hour







































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Jamar Ferry
Jamar FerryLv2
28 Sep 2019

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Jordan and Taylor are too busy baking brownies to schedule an appointment with you. They did send you the enclosed questions for you to answer.

1. Units to be produced annually: 200,000 tins
Direct labor: 1 hour per 100 tins
Variable overhead costs per direct labor hour:
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Utilities $9.25
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2. Sales: 60,000 tins per quarter
Variable costs per dollar of sales: sales commissions 5%, delivery expense .5%, and advertising 1.5%.
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Selling price: $10 per tin

What is the budgeted total selling and administrative expenses for the quarter?

3. Sales are 30% cash and 70% on credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale. Sales were December $180,000; January $220,000; February $250,000; and March $300,000.

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Mansah Co., Ltd., of Ghana is a manufacturing company whose total factory overhead costs fluctuate considerably from year to year according to increases and decreases in the number of direct labor-hours worked in the factory. Total factory overhead costs at high and low levels of activity for recent years are given below: Level of Activity Low High Direct labor-hours 56,100 74,800 Total factory overhead costs $ 276,310 $ 315,580 The factory overhead costs above consist of indirect materials, rent, and maintenance. The company has analyzed these costs at the 56,100-hour level of activity as follows: Indirect materials (variable) $ 95,370 Rent (fixed) 130,000 Maintenance (mixed) 50,940 Total factory overhead costs $ 276,310 To have data available for planning, the company wants to break down the maintenance cost into its variable and fixed cost elements. Required: 1. Estimate how much of the $315,580 factory overhead cost at the high level of activity consists of maintenance cost. (Hint: To do this, it may be helpful to first determine how much of the $315,580 consists of indirect materials and rent. Think about the behavior of variable and fixed costs

Jordan and Taylor are too busy baking brownies to schedule an appointment with you. They did send you the enclosed questions for you to answer.

1. Units to be produced annually: 200,000 tins
Direct labor: 1 hour per 100 tins
Variable overhead costs per direct labor hour:
Indirect materials $2.05
Indirect labor $1.20
Utilities $9.25
Maintenance $3.50
Fixed overhead costs per quarter:
Insurance $3,000
Depreciation $2,000
Rent $12,000

What is the budgeted total manufacturing overhead for the year? (5 points)

2. Sales: 60,000 tins per quarter
Variable costs per dollar of sales: sales commissions 5%, delivery expense .5%, and advertising 1.5%.
Fixed costs per quarter: sales salaries $40,000, office rent $1,500, utilities $1,200, and repairs expense $200.
Selling price: $10 per tin

What is the budgeted total selling and administrative expenses for the quarter? (5 points)

3. Sales are 30% cash and 70% on credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale. Sales were December $180,000; January $220,000; February $250,000; and March $300,000.

What was total cash received in March? (5 points)

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