You are the cost accountant for Porch Perfection, a fictious company, that manufactures porch swings. You...
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You are the cost accountant for Porch Perfection, a fictious company, that manufactures porch swings. You have summarized the following manufacturing overhead data for the last period. Actual Costs Incurred Variable Overhead $ 93,500 Flexible Budget $ 92,000 Cost Allocation $ 90,000 Fixed Overhead $ 355,000 $ 350,000 $ 355,000 Budgeted Number of Output Units Planned Allocation Rate (machine hours per unit) Actual Number of Machine Hours Used Static-budget Variable Manufacturing Overhead Costs Required: Calculate each of the following items. a. Budgeted Machine Hours b. Budgeted Fixed Manufacturing overhead costs per swing 1,400 1.50 2,450 $ 92,000 c. Budgeted variable Manufacturing overhead costs per swing Note: Round your answer to 2 decimal places. d. Actual number of swings produced e. Budgeted number of machine-hours allocated for actual number of swings produced f. Actual number of machine-hours per swing Note: Round your answer to 2 decimal places. machine-hours swings machine-hours machine-hours You are the cost accountant for Porch Perfection, a fictious company, that manufactures porch swings. You have summarized the following manufacturing overhead data for the last period. Actual Costs Incurred Variable Overhead $ 93,500 Flexible Budget $ 92,000 Cost Allocation $ 90,000 Fixed Overhead $ 355,000 $ 350,000 $ 355,000 Budgeted Number of Output Units Planned Allocation Rate (machine hours per unit) Actual Number of Machine Hours Used Static-budget Variable Manufacturing Overhead Costs Required: Calculate each of the following items. a. Budgeted Machine Hours b. Budgeted Fixed Manufacturing overhead costs per swing 1,400 1.50 2,450 $ 92,000 c. Budgeted variable Manufacturing overhead costs per swing Note: Round your answer to 2 decimal places. d. Actual number of swings produced e. Budgeted number of machine-hours allocated for actual number of swings produced f. Actual number of machine-hours per swing Note: Round your answer to 2 decimal places. machine-hours swings machine-hours machine-hours
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Answer Porch Perfection Manufacturing Overhead Calculations a Budgeted Machine Hours We can calculate the budgeted machine hours by multiplying the pl... View the full answer
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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