Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Can you please answer this problem please, no spreadsheet is need Brief Exercise 196 In October, Glazier Inc. reports 42,000 actual direct labor hours, and

Can you please answer this problem please, no spreadsheet is need

image text in transcribed Brief Exercise 196 In October, Glazier Inc. reports 42,000 actual direct labor hours, and it incurs $194,000 of manufacturing overhead costs. Standard hours allowed for the work done is 40,000 hours. The flexible manufacturing overhead budget shows that budgeted costs are $3.80 variable per direct labor hour and $60,000 fixed. Compute the manufacturing overhead controllable variance. Identify whether the variance is favorable or unfavorable? Total manufacturing overhead controllable variance $ Question Attempts: 0 of 1 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. Print by: Eric Davis AC202DLAS2A2016:AC202DLAS2A2016 Principles of Managerial Account / AC202 Exam #3 (Ch. 21-23) Brief Exercise 170 Cyber Construction's manufacturing costs for August when production was 1,000 units appear below: Direct material Direct labor $12 per unit Variable overhead Factory depreciation Factory supervisory salaries Other fixed factory costs $7,500 6,000 9,000 7,800 2,500 Compute the flexible budget manufacturing cost amount for a month when 900 units are produced. Flexible Budget Manufacturing Cost $ Question Attempts: 0 of 1 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. *Brief Exercise 21-8 North Company has completed all of its operating budgets. The sales budget for the year shows 50,200 units and total sales of $2,487,700. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $301,000. Income taxes are estimated to be $309,630. Prepare a budgeted income statement for the year ending December 31, 2014. NORTH COMPANY Budgeted Income Statement For the Year Ending December 31, 2014 $ $ Question Attempts: 0 of 1 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. Brief Exercise 172 Point, Inc. produces men's shirts. The following budgeted and actual amounts are for 2013: Cost Direct materials Budget at 2,500 units $65,000 Direct labor Actual Amounts at 2,800 units $75,000 70,000 Fixed overhead 78,000 35,000 34,500 Prepare a performance report for Point, Inc. for the year. Direct Materials Budget POINT, INC. Manufacturing Performance Budget Report For the Year Ended December 31, 2013 $ Actual $ Differences $ Direct Labor Fixed Overhead Total Costs $ $ $ Question Attempts: 0 of 1 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Decision Making and Control

Authors: Jerold Zimmerman

8th edition

78025745, 978-0078025747

Students also viewed these Accounting questions

Question

What is meant by the arms-length standard, and for what is it used?

Answered: 1 week ago