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Overhead Budget Johnston Company cleans and applies powder coat paint to metal items on a job - order basis. Johnston has budgeted the following amounts
Overhead Budget Johnston Company cleans and applies powder coat paint to metal items on a joborder basis. Johnston has budgeted the following amounts for various overhead categories in the coming year. Supplies $ Gas Indirect labor Supervision Depreciation on equipment Depreciation on the buliding Rental of special equipment Electricity for lighting, heating, and air conditioning Telephone Landscaping service Other overhead In the coming year, Johnston expects to powder coat units. Each unit takes direct labor hours. Johnston has found that supplies and gas used to run the drying ovensall units pass through the drying ovens after powder coat paint is applied tend to vary with the number of units produced. All other overhead categories are considered to be fixed. Required: Question Content Area Calculate the number of direct labor hours Johnston must budget for the coming year. Calculate the variable overhead rate. Calculate the total fixed overhead for the coming year. When required, round your answers to the nearest cent and use the rounded answers in subsequent requirements. Direct labor hours fill in the blank ecfeaf Variable overhead rate $fill in the blank ecfeaf per direct labor hour Total fixed overhead $fill in the blank ecfeaf Question Content Area Prepare an overhead budget for Johnston for the coming year. Show the total variable overhead, total fixed overhead, and total overhead. When required, round your answers to the nearest cent. Johnston Company Overhead Budget For the Coming Year Budgeted direct labor hours fill in the blank ccaffda Variable overhead rate $fill in the blank ccaffda Budgeted variable overhead $fill in the blank ccaffda Budgeted fixed overhead fill in the blank ccaffda Total budgeted overhead $fill in the blank ccaffda Question Content Area Calculate the fixed overhead rate and the total overhead rate. If required, round your answers to the nearest cent. Fixed overhead rate $fill in the blank befefa per direct labor hour Total overhead rate $fill in the blank befefa per direct labor hour Question Content Area What if Johnston had expected to make units next year? Assume that the variable overhead per unit does not change and the total fixed overhead amounts do not change. Calculate the new budgeted direct labor hours. fill in the blank adffccff Question Content Area Prepare a new overhead budget. If required, round your answers to the nearest cent. Johnston Company New Overhead Budget For the Coming Year Budgeted direct labor hours fill in the blank cfb Variable overhead rate $fill in the blank cfb Budgeted variable overhead $fill in the blank cfb Budgeted fixed overhead fill in the blank cfb Total budgeted overhead $fill in the blank cfb Question Content Area Calculate the fixed overhead rate and the total overhead rate. If required, round your answers to the nearest cent. Fixed overhead rate $fill in the blank baffbfc per direct labor hour Total overhead rate $fill in the blank baffbfc per direct labor hour
Overhead Budget
Johnston Company cleans and applies powder coat paint to metal items on a joborder basis. Johnston has budgeted the following amounts for various overhead categories in the coming year.
Supplies $
Gas
Indirect labor
Supervision
Depreciation on equipment
Depreciation on the buliding
Rental of special equipment
Electricity for lighting, heating, and air conditioning
Telephone
Landscaping service
Other overhead
In the coming year, Johnston expects to powder coat units. Each unit takes direct labor hours. Johnston has found that supplies and gas used to run the drying ovensall units pass through the drying ovens after powder coat paint is applied tend to vary with the number of units produced. All other overhead categories are considered to be fixed.
Required:
Question Content Area
Calculate the number of direct labor hours Johnston must budget for the coming year. Calculate the variable overhead rate. Calculate the total fixed overhead for the coming year. When required, round your answers to the nearest cent and use the rounded answers in subsequent requirements.
Direct labor hours fill in the blank ecfeaf
Variable overhead rate $fill in the blank ecfeaf
per direct labor hour
Total fixed overhead $fill in the blank ecfeaf
Question Content Area
Prepare an overhead budget for Johnston for the coming year. Show the total variable overhead, total fixed overhead, and total overhead. When required, round your answers to the nearest cent.
Johnston Company
Overhead Budget
For the Coming Year
Budgeted direct labor hours fill in the blank ccaffda
Variable overhead rate $fill in the blank ccaffda
Budgeted variable overhead $fill in the blank ccaffda
Budgeted fixed overhead fill in the blank ccaffda
Total budgeted overhead $fill in the blank ccaffda
Question Content Area
Calculate the fixed overhead rate and the total overhead rate. If required, round your answers to the nearest cent.
Fixed overhead rate $fill in the blank befefa
per direct labor hour
Total overhead rate $fill in the blank befefa
per direct labor hour
Question Content Area
What if Johnston had expected to make units next year? Assume that the variable overhead per unit does not change and the total fixed overhead amounts do not change. Calculate the new budgeted direct labor hours.
fill in the blank adffccff
Question Content Area
Prepare a new overhead budget. If required, round your answers to the nearest cent.
Johnston Company
New Overhead Budget
For the Coming Year
Budgeted direct labor hours fill in the blank cfb
Variable overhead rate $fill in the blank cfb
Budgeted variable overhead $fill in the blank cfb
Budgeted fixed overhead fill in the blank cfb
Total budgeted overhead $fill in the blank cfb
Question Content Area
Calculate the fixed overhead rate and the total overhead rate. If required, round your answers to the nearest cent.
Fixed overhead rate $fill in the blank baffbfc
per direct labor hour
Total overhead rate $fill in the blank baffbfc
per direct labor hour
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