Must show work.

Question 9:

The manufacturing overhead budget of Paparella Corporation is based on budgeted direct labor-hours. The November direct labor budget indicates that 6,000 direct labor-hours will be required in that month. The variable overhead rate is $2.00 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $79,200 per month, which includes depreciation of $21,000. All other fixed manufacturing overhead costs represent current cash flows.

Required:

A.Determine the cash disbursements for manufacturingoverhead for November.

B.Determine the predetermined overhead rate forNovember.

Question 10:

Sund Corporation bases its budgets on the activity measure customers served. During April, the company plans to serve 38,000 customers. The company has provided the following data concerning the formulas it uses in its budgeting:

Fixed element per Variable element

Revenue month per month$2.10

Wages and salaries $25,000 $0.50

Supplies $0 $0.30

Insurance $6,200 $0.00

Miscellaneous expense $2,500 $0.40

Required:

Prepare the companys planning budget for April. What is the net operating income?

Question 11:

Shawl Corporation's variable overhead is applied on the basis of direct labor-hours. The standard cost card for product F02E specifies 5.5 direct labor-hours per unit of F02E. The standard variable overhead rate is $6.80 per direct labor-hour. During the most recent month, 1,560 units of product F02E were made and 8,700 direct laborhours were worked.

The actual variable overhead incurred was $52,635.

Required:

A.What was the variable overhead rate variance for themonth?

B.What was the variable overhead efficiency variance forthe month?

Question 12:

Kingdon Corporation's manufacturing overhead includes $7.10 per machine-hour for variable manufacturing overhead and $207,000 per period for fixed manufacturing overhead.

Required:

What is the predetermined overhead rate for the denominator level of activity of 4,600 machine-hours?

Question 13:

Pinkney Corporation has provided the following data concerning its direct labor costs for November:

Standard wage rate $12.20 per DLH

Standard hours 5.3 DLHs per unit Actual wage rate $11.20 per DLH Actual hours 39,720 DLHs Actual output 7,900 units

Required: Show the journal entry to record the incurrence of direct labor costs

Question 14:

Iba Industries is a division of a major corporation. The following data are for the latest year of operations:

Sales . . . . . . . . . . . . . . . . . . . . . . . . . . $5,820,000 Net operating income . . . . . . . . . . . . . . $436,500

Avergae operating assets . . . . . . . . . . . $2,000,000 The companys minimum

required rate of return . . . . . . . . . . . . . 18%

Required: What is the divisions residual income?