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I need help with PART FOUR B-C Morton Company's budgeted variable manufacturing overhead is $2.50 per direct labor-hour and its budgeted fixed manufacturing overhead is

I need help with PART FOUR B-C
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Morton Company's budgeted variable manufacturing overhead is $2.50 per direct labor-hour and its budgeted fixed manufacturing overhead is $180,000 per year. The company manufactures a single product whose standard direct labor-hours per unit is 2.5 hours. The standard direct labor wage rate is $10 per hour. The standards also allow 3 feet of raw material per unit at a standard cost of $7 per foot. Although normal activity is 60,000 direct labor-hours each year, the company expects to operate at a 50,000-hour level of activity this year. Required: 1. Assume that the company chooses 50,000 direct labor-hours as the denominator level of activity. Compute the predetermined overhead rate, breaking it down into variable and fixed cost elements. 2. Assume that the company chooses 60,000 direct labor-hours as the denominator level of activity. Compute the predetermined overhead rate, breaking it down into variable and fixed cost elements. 3. Complete two standard cost cards for 50,000 & 60,000 DLHS. 4. Assume that the company actually produces 21,200 units and works 54,000 direct labor-hours during the year. Actual manufacturing overhead costs for the year are: Variable manufacturing overhead cost Pixed manufacturing overhead cost Total manufacturing overhead cost $ 136,000 181,500 $ 317,500 a. Compute the standard direct labor-hours allowed for this year's production b. Complete the Manufacturing Overhead T-account below. Assume that the company uses 50,000 direct labor-hours (normal activity) as the denominator activity figure in computing predetermined overhead rates, as you have done in (1) above. c. Assume that the company uses 50,000 direct labor-hours (normal activity) as the denominator activity figure in computing predetermined overhead rates, as you have done in requirement (1). Reg 1 Reg 2 Reg 3 Req 4A Req 48 Reg 4C Complete the Manufacturing Overhead T-account below. Assume that the company uses 50,000 direct labor-hours (normal activity) as the denominator activity figure in computing predetermined overhead rates, as you have done in requirement (1). Manufacturing Overhead Actual costs 136,000 477,000 Applied costs Actual costs 181,500 159,500 Overapplied overhead Reg 1 Reg 2 Reg 3 Req 4A Reg 4B Reg 4C Assume that the company uses 50,000 direct labor-hours (normal activity) as the denominator activity figure in computing predetermined overhead rates, as you have done in requirement (1). (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None' for no effect (1.e., zero variance). Input all amounts as positive values.) $ Variable overhead rate variance Variable overhead efficiency variance Fixed overhead budget variance Fixed overhead volume variance overhead (3)

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