Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

cuucation.com/ext/map/index.html?_con=con&external browser=0&launchurahttps%253A E Plan & Schedule Course Chapter 10 Graded Assignment 52Fblackboard american... Saved Help Save & Exit Sut 12 Required information [The following information

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
cuucation.com/ext/map/index.html?_con=con&external browser=0&launchurahttps%253A E Plan & Schedule Course Chapter 10 Graded Assignment 52Fblackboard american... Saved Help Save & Exit Sut 12 Required information [The following information applies to the questions displayed below.) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Part 12 of 15 1 points Direct materials: 6 pounds at $8 per pound Direct labor! 4 hours at $13 per hour Variable overhead 4 hours at $5 per hour Total standard cost per unit $ 48 52 20 $ 120 8 02:33:53 Skipped The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,500 units and incurred the following costs: Print References a. Purchased 170,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 73,000 hours at a rate of $14 per hour. c. Total variable manufacturing overhead for the month was $427,050. 12. What variable manufacturing overhead cost would be included in the company's planning budget for March? Variable manufacturing overhead cost HUNT Chapter 10 Graded Assignment i 52Fblackboard americane.. Saved Help Save & Exit 13 Required information [The following information applies to the questions displayed below.) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Part 13 of 15 1 points Direct materials: 6 pounds at $8 per pound Direct labor 4 hours at $13 per hour Variable overhead: 4 hours at $5 per hour Total standard cost per unit $ 48 52 20 $ 120 02:33:41 Print The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,500 units and incurred the following costs: References a. Purchased 170,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 73,000 hours at a rate of $14 per hour. c. Total variable manufacturing overhead for the month was $427,050. 13. What variable manufacturing overhead cost would be included in the company's flexible budget for March? Variable manufacturing overhead cost $ 510,000 LUULU Assignment Roard americane Saved Help Save & Exit Subm 14 Required Information The following information applies to the questions displayed below) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor hours and its standard cost card per unit is as follows: Part 14 of 15 1 points Direct materials: 6 pounds at se per pound Direct labor: 4 hours at $13 per hour Variable overhead: 4 hours at $5 per hour Total standard cost per unit $ 48 52 20 $120 2 02:33:31 Skipped The planning budget for March was based on producing and selling 20,000 units. However, during March the company actually produced and sold 25,500 units and incurred the following costs: Print References a. Purchased 170,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in production b. Direct laborers worked 73,000 hours at a rate of $14 per hour. c. Total variable manufacturing overhead for the month was $427,050, 14. What is the variable overhead rate variance for March? (Round the actual overhead rate to two decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.), Input all amounts as positive values.) Variable overhead rate variance Nort Help Save & Exit Submit 15 Required information The following information applies to the questions displayed below) Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows: Part 15 of 15 Doints Direct materials 6 pounds at $8 per pound Direct labori 4 hours at $13 per hour Variable overhead 4 hours at $5 per hour Total standard cost per unit $ 48 52 20 $120 02:33:22 Skipped the The planning budget for March was based on producing and selling 20,000 units. However, during company actually produced and sold 25,500 units and incurred the following costs: Print References a. Purchased 170,000 pounds of raw materials at a cost of $7.20 per pound. All of this material was used in b. Direct laborers worked 73,000 hours at a rate of $14 per hour. c. Total variable manufacturing overhead for the month was $427050. 15. What is the variable overhead efficiency variance for March? (Round the actual overhead rate to two decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect i.e., zero variance.). Input all amounts as positive values.) Variable overhead efficiency variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Environmental Audits

Authors: Cliff VanGuilder

1st Edition

1938549600, 978-1938549601

More Books

Students also viewed these Accounting questions

Question

Explain the function of an epiphyseal plate.

Answered: 1 week ago

Question

Find the derivative. f(x) 8 3 4 mix X O 4 x32 4 x32 3 -4x - x2

Answered: 1 week ago