Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I posted some pics twice for quality purpose. plz solve quick I've 25 mins artion, Inc., manufactures model airplane kits and projects production at 300,

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

I posted some pics twice for quality purpose. plz solve quick I've 25 mins

artion, Inc., manufactures model airplane kits and projects production at 300, 220, 150, and 700 kits for the next four quarters , i (Click the icon to view the manufacturing Information) Prepare Carton's direct materials budget direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number More info - X Direct Labor Budget For the Year Ended December 31 First Second Third Quarter Quarter Quarter Fourth Quarter Total Direct labor hours needed for production Direct materials are 7 ounces of plastic per kit and the plastic costs $1 per ounce Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 870 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Carlton desires a balance of 210 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.50 hours of direct labor at an average cost of $45 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.25 per kit and foxed overhead is $170 per quarter. Budgeted direct labor cost Prepare the manufacturing overhead budget. (Enter all costs and hours as a decimal to two placos, XXX Abbreviations used. VOH = vad . Carlton, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Print Done Quarter Quarter Quarter Quarter Total VOH cost per kit a question: 27 point(s) possible Curion, Inc., manufactures model airplane kits and projects production at 300, 220, 150, and 700 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Carlton's direct materials budget direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocat decimal places. Round other amounts to the nearest whole number, GOOD Budgeted direct labor cost More info Prepare the manufacturing overhead budget (Enter all costs and hours as a decimal to two places, X.XX. Abbreviations used: VOH = var Carlton, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Quarter Quarter Direct materials are 7 ounces of plastic per kit and the plastic costs $1 per ounc Indirect materials are considered insignificant and are not included in the budge process. Beginning Raw Materials Inventory is 870 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quart production. Carlton desires a balance of 210 ounces in Raw Materials Inventor the end of the fourth quarter. Each kit requires 0.50 hours of direct labor at an average cost of $45 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.25 per kit, and fored overhead is $170 per quarter. Third Fourth Quarter Quarter Total VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs Print Done Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Prepare Carlton's direct materials budget direct labor budget, and manufacturing overhead budget for the yoar. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhea decimal places. Round other amounts to the nearest whole number. GD Budgeted direct labor cost Prepare the manufacturing overhead budget. (Enter all costs and hours as a decimal to two places, XXX. Abbreviations used: VOH = variable manufacturing overhead, FOH = food manufacturing overhead.) Carlton, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second More info Quarter Third Quarter Fourth Quarter Quarter Total VOH cost per kit Budgeted VOH Budgeted FOH Direct materials are 7 ounces of plastic per kit and the plastic Indirect materials are considered insignificant and are not inde process. Beginning Raw Materials Inventory is 870 ounces, a desires to end each quarter with 20% of the materials needed production. Carlton desires a balance of 210 ounces in Raw the end of the fourth quarter. Each kit requires 0.50 hours of average cost of $45 per hour. Manufacturing overhead is alloc labor hours as the allocation base. Variable overhead is $0 25 overhead is $170 per quarter. Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Print Done Predetermined overhead allocation rate 0 Time Remaining: es question: 27 point(s) possible Submit test Carlton, Inc., manufactures model airplane kits and projects production at 300, 220, 150, and 700 kits for the next four quarters (Click the icon to view the manufacturing Information) Prepare Carton's direct materials budget direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocation rate to two decimal places. Round other amounts to the nearest whole number. More info - X Direct Labor Budget For the Year Ended December 31 First Second Third Quarter Quarter Quarter Fourth Quarter Total Direct labor hours needed for production Direct materials are 7 ounces of plastic per kit and the plastic costs $1 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 870 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quarter's production. Carlton desires a balance of 210 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.50 hours of direct labor at an average cost of $45 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.25 per kit, and foed overhead is $170 per quarter, Budgeted direct labor cost Prepare the manufacturing overhead budget. (Enter all costs and hours as a decimal to two places, X.XX Abbreviations used. VOH = var Carlton, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Third Fourth Quarter Quarter Quarter Quarter Total Print Done VOH cost per kit a question: 27 point(s) possible Curion, Inc., manufactures model airplane kits and projects production at 300, 220, 150, and 700 kits for the next four quarters. (Click the icon to view the manufacturing information.) Prepare Carlton's direct materials budget direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhead allocat decimal places. Round other amounts to the nearest whole number, GOOD Budgeted direct labor cost More info Prepare the manufacturing overhead budget (Enter all costs and hours as a decimal to two places, X.XX. Abbreviations used: VOH = var Carlton, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second Quarter Quarter Direct materials are 7 ounces of plastic per kit and the plastic costs $1 per ounc Indirect materials are considered insignificant and are not included in the budge process. Beginning Raw Materials Inventory is 870 ounces, and the company desires to end each quarter with 20% of the materials needed for the next quart production. Carlton desires a balance of 210 ounces in Raw Materials Inventor the end of the fourth quarter. Each kit requires 0.50 hours of direct labor at an average cost of $45 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.25 per kit, and fored overhead is $170 per quarter. Third Fourth Quarter Quarter Total VOH cost per kit Budgeted VOH Budgeted FOH Budgeted manufacturing overhead costs Print Done Direct labor hours Budgeted manufacturing overhead costs Predetermined overhead allocation rate Prepare Carlton's direct materials budget direct labor budget, and manufacturing overhead budget for the yoar. Round the direct labor hours needed for production, budgeted overhead costs, and predetermined overhea decimal places. Round other amounts to the nearest whole number. GD Budgeted direct labor cost Prepare the manufacturing overhead budget. (Enter all costs and hours as a decimal to two places, XXX. Abbreviations used: VOH = variable manufacturing overhead, FOH = food manufacturing overhead.) Carlton, Inc. Manufacturing Overhead Budget For the Year Ended December 31 First Second More info Quarter Third Quarter Fourth Quarter Quarter Total VOH cost per kit Budgeted VOH Budgeted FOH Direct materials are 7 ounces of plastic per kit and the plastic Indirect materials are considered insignificant and are not inde process. Beginning Raw Materials Inventory is 870 ounces, a desires to end each quarter with 20% of the materials needed production. Carlton desires a balance of 210 ounces in Raw the end of the fourth quarter. Each kit requires 0.50 hours of average cost of $45 per hour. Manufacturing overhead is alloc labor hours as the allocation base. Variable overhead is $0 25 overhead is $170 per quarter. Budgeted manufacturing overhead costs Direct labor hours Budgeted manufacturing overhead costs Print Done Predetermined overhead allocation rate Time Remaining

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

Payroll Accounting 2020

Authors: Jeanette Landin

6th Edition

1260247961, 9781260247961

More Books

Students also viewed these Accounting questions