Please answer all requirements.
ACC319 Cost Accounting 2020 Fall Joseph Daly : 12/03/20 1:11 PM Homework: Chapter 7 and 8 Homework Save Score: 0 of 20 pts 4 of 5 (0 complete) HW Score: 0%, 0 of 100 pts P8-42 (similar to) Question Help The Fourcher Company specializes in making fraternity and sorority T-shirts for the college market. Due to the high setup costs for each batch printed, Fourcher holds the T-shirt requests until demand is approximately 94 shirts. At that point Fourcher will schedule the setup and production of the shirts. For rush orders, Fourcher will produce smaller batches for an additional charge of $157 per setup. Budgeted and actual costs for the printing process for 2017 were as follows: (Click the icon to view the budgeted and actual costs.) Read the requirements Requirement 1. What is the static budget number of setups for 2017? Determine the formula, then compute the static budget number of setups. Static budget number of setups X Requirements - X Data Table Static-Budget Amounts Actual Results 108,100 103.400 1. What is the static budget number of setups for 2017? 2. What is the flexible-budget number of setups for 2017? 3. What is the actual number of setups in 2017? 4. Assuming fixed setup overhead costs are allocated using setup-hours, what is the predetermined fixed setup overhead allocation rate? 5. Does Fourcher's charge of $157 cover the budgeted variable overhead cost of an order? The budgeted total cost? 6. For direct variable setup costs, compute the price and efficiency variances. 7. For fixed setup overhead costs, compute the spending and the production-volume variances. 8. What qualitative factors should Fourcher consider before accepting or rejecting a special order? 94 Number of shirts produced Average number of shirts per setup Hours to set up machines Direct variable cost per setup-hour Total fixed setup overhead costs 94 5 7.5 $ 31 $ 37 $ 31.625 $ 29,000 Print Done Print Done Choose from any list or enter any number in the input fields and then click Check Answer. ACC319 Cost Accounting 2020 Fall Joseph Daly : 12/03/20 1:11 PM Homework: Chapter 7 and 8 Homework Save Score: 0 of 20 pts 4 of 5 (0 complete) HW Score: 0%, 0 of 100 pts P8-42 (similar to) Question Help The Fourcher Company specializes in making fraternity and sorority T-shirts for the college market. Due to the high setup costs for each batch printed, Fourcher holds the T-shirt requests until demand is approximately 94 shirts. At that point Fourcher will schedule the setup and production of the shirts. For rush orders, Fourcher will produce smaller batches for an additional charge of $157 per setup. Budgeted and actual costs for the printing process for 2017 were as follows: (Click the icon to view the budgeted and actual costs.) Read the requirements Requirement 1. What is the static budget number of setups for 2017? Determine the formula, then compute the static budget number of setups. Static budget number of setups X Requirements - X Data Table Static-Budget Amounts Actual Results 108,100 103.400 1. What is the static budget number of setups for 2017? 2. What is the flexible-budget number of setups for 2017? 3. What is the actual number of setups in 2017? 4. Assuming fixed setup overhead costs are allocated using setup-hours, what is the predetermined fixed setup overhead allocation rate? 5. Does Fourcher's charge of $157 cover the budgeted variable overhead cost of an order? The budgeted total cost? 6. For direct variable setup costs, compute the price and efficiency variances. 7. For fixed setup overhead costs, compute the spending and the production-volume variances. 8. What qualitative factors should Fourcher consider before accepting or rejecting a special order? 94 Number of shirts produced Average number of shirts per setup Hours to set up machines Direct variable cost per setup-hour Total fixed setup overhead costs 94 5 7.5 $ 31 $ 37 $ 31.625 $ 29,000 Print Done Print Done Choose from any list or enter any number in the input fields and then click Check
