ACCT 315 Spring 2022 Micah Hammond 04/24/22 3:38 PM = Homework: Chapter 8 Homework Question 1, P8-40 (similar to) Part 3 of 14 HW Score: 2.94%, 0.59 of 20 points , Points: 0.59 of 4 Save Desiree's Fleet Feet, Inc., produces dance shoes for stores all over the world. While the pairs of shoes are boxed individually, they are crated and shipped in batches. The shipping department records both variable direct batch-level costs and fixed batch-level overhead costs. The following information pertains to shipping costs for 2017. (Click to view the information.) Read the requirements. Requirement 1. What is the static budget number of crates for 2017? Determine the formula to calculate the amount. Then, enter the amounts in the formula to calculate the static budget number of crates Budgeted pairs shipped Budgeted pairs per crate 240.000 115 Data table - X - X Requirements Static-Budget Amounts Actual Results 240,000 210,000 15 12 1. 1 2. Pairs of shoes shipped Average number of pairs of shoes per crate Packing hours per crate Variable direct cost per hour Fixed overhead cost 1.3 hours 3. 4. 1.5 hour 21 $ What is the static budget number of crates for 2017? What is the flexible budget number of crates for 2017? What is the actual number of crates shipped in 2017? Assuming fixed overhead is allocated using crate-packing hours, what is the predetermined fixed overhead allocation rate? For variable direct batch-level costs, compute the price and efficiency variances For fixed overhead costs, compute the spending and the production-volume variances 23 $ $ 52,000 $ 54,500 5. 6. 6 Print Done Print Done Help me solve this Etext pages Get more help Clear all Check answer ACCT 315 Spring 2022 Micah Hammond 04/24/22 3:38 PM = Homework: Chapter 8 Homework Question 1, P8-40 (similar to) Part 3 of 14 HW Score: 2.94%, 0.59 of 20 points , Points: 0.59 of 4 Save Desiree's Fleet Feet, Inc., produces dance shoes for stores all over the world. While the pairs of shoes are boxed individually, they are crated and shipped in batches. The shipping department records both variable direct batch-level costs and fixed batch-level overhead costs. The following information pertains to shipping costs for 2017. (Click to view the information.) Read the requirements. Requirement 1. What is the static budget number of crates for 2017? Determine the formula to calculate the amount. Then, enter the amounts in the formula to calculate the static budget number of crates Budgeted pairs shipped Budgeted pairs per crate 240.000 115 Data table - X - X Requirements Static-Budget Amounts Actual Results 240,000 210,000 15 12 1. 1 2. Pairs of shoes shipped Average number of pairs of shoes per crate Packing hours per crate Variable direct cost per hour Fixed overhead cost 1.3 hours 3. 4. 1.5 hour 21 $ What is the static budget number of crates for 2017? What is the flexible budget number of crates for 2017? What is the actual number of crates shipped in 2017? Assuming fixed overhead is allocated using crate-packing hours, what is the predetermined fixed overhead allocation rate? For variable direct batch-level costs, compute the price and efficiency variances For fixed overhead costs, compute the spending and the production-volume variances 23 $ $ 52,000 $ 54,500 5. 6. 6 Print Done Print Done Help me solve this Etext pages Get more help Clear all Check
