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Answer all and I will give thumbs up Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of
Answer all and I will give thumbs up
Leno Manufacturing Company prepared the following factory overhead cost budget for the Press Department for October of the current year, during which it expected to require 14,000 hours of productive capacity in the department: Variable overhead cost: Indirect factory labor $127,400 Power and light Indirect materials 37,800 6,160 Total variable overhead cost $171,360 Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $59,980 37,700 23,990 121,670 Total fixed overhead cost Total factory overhead cost $293,030 Assuming that the estimated costs for November are the same as for October, prepare a flexible factory overhead cost budget for the Press Department for November for 12,000, 14,000, and 16,000 hours of production. Round your interim computations to the nearest cent, if required. Enter all amounts as positive numbers. Leno Manufacturing Company Factory Overhead Cost Budget-Press Department For the Month Ended November 30 Direct labor hours 12,000 14,000 Variable overhead cost: Indirect factory labor 16,000 Power and light Indirect materials $ Total variable factory overhead Fixed factory overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead Total factory overhead cost Direct Materials, Direct Labor, and Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,000 units of product were as follows: Actual Costs Direct materials 7,700 lb. at $5.30 1,530 hrs. at $16.50 Direct labor Factory overhead Standard Costs 7,800 lb. at $5.50 1,500 hrs. at $16.10 Rates per direct labor hr., based on 100% of normal capacity of 1,560 direct labor hrs.: Variable cost, $4.30 Fixed cost, $6.80 $6,390 variable cost $10,608 fixed cost Each unit requires 0.25 hour of direct labor. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct materials price variance Direct materials quantity variance Total direct materials cost variance b. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct labor rate variance Direct labor time variance Total direct labor cost variance s c. Determine variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost varianceStep by Step Solution
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