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need help plz for accounting on these 3 questions its my last chegg question Static Dudset versus Finoble Dudgot The production supervisor of the Machining
need help plz for accounting on these 3 questions its my last chegg question
Static Dudset versus Finoble Dudgot The production supervisor of the Machining Department for Hagerstown Company agreed to the following monthly static budget for the upceming year: The actual amount spent and the actual units produced in the first three months in the Machining Departrnent were as follows: The Machining Department supervisor has been very pleased with this performance because actual expenditures for Mor-July have been significantly less than the monthly static budpet of 1,024,000. However, the plant manager believes that the budget should not remain fixed for every month but should "flex" or adjust to the volume of work that is produced in the Machining Department. Adsitional budget information for the Machining Department is as follows: a. Prepare a flevible budget for the actual units produced for May, June, and huly in the Machining Department. Assurne depreciation is a floed cost. If required, use per unit amounts carried out to two decimal places. b. Compare the flexale budget with the actual expenditures for the first three months. Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 20,900 barrels of oil for purchase in June for $65 per barrel. Direct labor budgeted in the chemical process was $149,400 for June. Factory overhead was budgeted at $244,500 during June. The inventories on June 1 were estimated to be: The desired inventories on June 30 were: Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Recording Standards in Accounts The Assembly Department produced 2,000 units of product during March. Each unit required 1.25 standard direct labor hours. There were 2,700 actual hours used in the Assembly Department during March at an actual rate of $14.5 per hour. The standard direct labor rate is $15.5 per hour. Assuming direct labor for a month is paid on the fifth day of the following month, journalize the direct labor in the Assembly Department on March 31. For a compound transaction, if an amount box does not require an entry, leave it blank. Static Dudset versus Finoble Dudgot The production supervisor of the Machining Department for Hagerstown Company agreed to the following monthly static budget for the upceming year: The actual amount spent and the actual units produced in the first three months in the Machining Departrnent were as follows: The Machining Department supervisor has been very pleased with this performance because actual expenditures for Mor-July have been significantly less than the monthly static budpet of 1,024,000. However, the plant manager believes that the budget should not remain fixed for every month but should "flex" or adjust to the volume of work that is produced in the Machining Department. Adsitional budget information for the Machining Department is as follows: a. Prepare a flevible budget for the actual units produced for May, June, and huly in the Machining Department. Assurne depreciation is a floed cost. If required, use per unit amounts carried out to two decimal places. b. Compare the flexale budget with the actual expenditures for the first three months. Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 20,900 barrels of oil for purchase in June for $65 per barrel. Direct labor budgeted in the chemical process was $149,400 for June. Factory overhead was budgeted at $244,500 during June. The inventories on June 1 were estimated to be: The desired inventories on June 30 were: Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Recording Standards in Accounts The Assembly Department produced 2,000 units of product during March. Each unit required 1.25 standard direct labor hours. There were 2,700 actual hours used in the Assembly Department during March at an actual rate of $14.5 per hour. The standard direct labor rate is $15.5 per hour. Assuming direct labor for a month is paid on the fifth day of the following month, journalize the direct labor in the Assembly Department on March 31. For a compound transaction, if an amount box does not require an entry, leave it blank Step by Step Solution
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