Acompany's planned activity level for next year is expected to be100,000 machine hours. At this level of activity, the companybudgeted the following manufacturing overhead costs:
Variable:
Indirect materials
$90,000
Indirect labor
$120,000
Factory supplies
15,000
Fixed:
Depreciation
$37,500
Taxes
750,000
Supervision
30,000
A flexible budget prepared at the 90,000 machine hours level ofactivity would show total manufacturing overhead costsof:
202,500? 270,000? 277,500? 225,000?
Variable:
Indirect materials
$90,000
Indirect labor
$120,000
Factory supplies
15,000
Fixed:
Depreciation
$37,500
Taxes
750,000
Supervision
30,000
A flexible budget prepared at the 90,000 machine hours level ofactivity would show total manufacturing overhead costsof:
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A manufacturing company prepays its insurance coverage for athree-year period. The premium for the three years is $4,770 and ispaid at the beginning of the first year. Seventy percent of thepremium applies to manufacturing operations and thirty percentapplies to selling and administrative activities. What amountsshould be considered product and period costs respectively for thefirst year of coverage?
The following costs were incurred in September:
| Direct materials | $45,200 |
| Direct labor | $31,000 |
| Manufacturing overhead | $23,400 |
| Selling expenses | $19,100 |
| Administrative expenses | $33,700 |
Conversion costs during the month totaled:
At an activity level of 8,600 machine-hours in a month, NoonerCorporation's total variable production engineering cost is$734,440 and its total fixed production engineering cost is$154,000. What would be the total production engineering cost perunit, both fixed and variable, at an activity level of 8,800machine-hours in a month? Assume that this level of activity iswithin the relevant range.
3 Dapper Corporation had only one job in process on May 1. Thejob had been charged with $1,310 of direct materials, $3,440 ofdirect labor, and $6,060 of manufacturing overhead cost. Thecompany assigns overhead cost to jobs using the predeterminedoverhead rate of $16.40 per direct labor-hour. During May, thefollowing activity was recorded: Raw materials (all directmaterials): Beginning balance $ 10,100 Purchased during the month$21,700 Used in production $29,300 Labor: Direct labor-hours workedduring the month 2,250 Direct labor cost incurred $29,700 Actualmanufacturing overhead costs incurred $35,600 Inventories: Rawmaterials, May 30 ? Work in process, May 30 $14,200 Work in processinventory on May 30 contains $3,036 of direct labor cost. Rawmaterials consist solely of items that are classified as directmaterials. The balance in the raw materials inventory account onMay 30 was: $2,500 $3,020 $2,380 $2,620
8...At an activity level of 9,400 machine-hours in a month,Nooner Corporation's total variable production engineering cost is$828,140 and its total fixed production engineering cost is$222,300. What would be the total production engineering cost perunit, both fixed and variable, at an activity level of 9,500machine-hours in a month? Assume that this level of activity iswithin the relevant range. (Do not round intermediatecalculations.) |
$111.15
$110.61
$111.50
$111.68
10....
10.Meyers Corporation had the following inventory balances atthe beginning and end of November:
| November 1 | November 30 | ||||
| RawMaterials | $ | 40,000 | $ | 18,000 | |
| Finished Goods | $ | 110,000 | $ | 75,000 | |
| Work in Process | $ | 16,000 | $ | 25,000 | |
11.
The actual direct labor-hours worked during November totaled:(Round your answers to the nearest dollar.) |
6,667 hours
6,111 hours
7,857 hours
8,571 hours
