Assume a company's direct labor budget for July estimates 10,000 labor-hours to meet the month's production...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Assume a company's direct labor budget for July estimates 10,000 labor-hours to meet the month's production requirements. The variable manufacturing overhead rate used for budgeting purposes is $2.50 per direct labor-hour. The budgeted fixed manufacturing overhead for July is $60,000 including $5,000 of depreciation. What is the amount of budgeted cash disbursements for manufacturing overhead for July? $90,000 $80,000 $86,000 $88,000 Assume a company's direct labor budget for July estimates 10,000 labor-hours to meet the month's production requirements. The variable manufacturing overhead rate used for budgeting purposes is $2.50 per direct labor-hour. The budgeted fixed manufacturing overhead for July is $60,000 including $5,000 of depreciation. What is the amount of budgeted cash disbursements for manufacturing overhead for July? $90,000 $80,000 $86,000 $88,000
Expert Answer:
Answer rating: 100% (QA)
Correct answer 80000 amount of budgeted cash disbursements 10000 25 6... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
Neely, Inc., is preparing its direct labor budget for 2010 from the following production budget based on a calendar year. Each unit requires 1.6 hours of direct labor.InstructionsPrepare a direct...
-
Chung, Inc., is preparing its direct labor budget for 2012 from the following production budget based on a calendar year. Each unit requires 1.6 hours of direct labor.InstructionsPrepare a direct...
-
Rodriguez, Inc., is preparing its direct labor budget for 2012 from the following production budget based on a calendar year. Each unit requires 1.6 hours of direct labor. Instructions Prepare a...
-
What are the different relays that employed for protection of apparatus and transmission lines?
-
In a single-process production system, Phunky Phingers produces wool gloves. For November 2010, the company's accounting records reflected the following: Beginning WIP Inventory (100% complete as to...
-
The file statepop.dat, used in Example 6.5, also contains information on total number of farms, number of veterans, and other items. 1. Plot the total number of farms versus the probabilities of...
-
Pricing of nursery plants (Learning Objective 3)} GreenThumb operates a commercial plant nursery where it propagates plants for garden centers throughout the region. GreenThumb has \(\$ 5\) million...
-
The inventory on hand at the end of 2016 for Reddall Company is valued at a cost of $94,550. The following items were not included in this inventory: 1. Purchased goods in transit, under terms FOB...
-
1. Based on your return objectives and risk tolerance, select five indexes for your portfolio (3 equity indices + 2 bond indices) for the period of 1999-2018. In the Data and Calculations Tab, Enter...
-
Memories are normally classified according to their Select one: O a. speed and cost O b. cost O c. indexes O d. speed
-
e) State three factors affecting pressure in liquids. (3 Marks) f) If density of a liquid is 20 g/cm3 , height is 4cm and gravitational field strength is 10N/kg, calculate pressure of the liquid.
-
Celgene Corporation(CELG) have paid a dividend of $1.90 per share for the most recent year. Shares of CELG have an estimated beta of 1.75 and currently selling for $83.25. The risk-free rate is 3%...
-
Direct material used in production OMR 30,000: direct wages incurred OMR 10,000: direct expenses charged OMR 5,000. The business incurred the total overhead cost of OMR 56,000. The direct labor hours...
-
Based on McKinsey Global Institute's "The future of work after COVID-19" Report by Susan Lund, Anu Madgavkar, James Manyika, Sven Smit, Kweilin Ellingrud, and Olivia Robinson. 1) How would these...
-
Polar equation: r ^ 2 cos ( 2 theta ) = 1 what is the cartesian equation
-
Air Cargo Operations and Security Discuss the future roles of UAVs/drones in regards to air cargo. Whatbenefits and limitations are there by utilizing pilotless aircraft to deliver goods to customers?
-
Please select the true statement a Opinions on debatable topics can be proven if you do enough research b Opinions on debatable topics can be supported if you do enough research c Proving an opinion...
-
Derive Eq. (18.33) from Eq. (18.32).
-
The Central Area Well-Baby Clinic provides a variety of health services to newborn babies and their parents. The clinic is organized into a number of departments, one of which is the Immunization...
-
Define the following terms: differential cost, sunk cost, and opportunity cost.
-
Marple Associates is a consulting firm that specializes in information systems for construction and landscaping companies. The firm has two officesone in Houston and one in Dallas. The firm...
-
Open systems theory suggests that the external environment affects a companys ability to function. Identify any similarities between the contingency approach and open systems theory.
-
The contingency approach suggests that a firm will be more successful when what occurs?
-
If a nepotism policy were necessary, how could Syd make certain that it would not have negative effects on the organization?
Study smarter with the SolutionInn App