Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer all Zitrik Corporation manufactured 110,000 buckets during February. The variable overhead cost-allocation base is $5.05 per machine-hour. The following variable overhead data pertain

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedPlease answer all

Zitrik Corporation manufactured 110,000 buckets during February. The variable overhead cost-allocation base is $5.05 per machine-hour. The following variable overhead data pertain to February: Actual Budgeted Production 110,000 units 110,000 units 9,500 hours 9,000 hours Machine-hours Variable overhead cost per machine-hour $5.20 $5.05 What is the actual variable overhead cost? A. $572,000 B. $47,975 C. $49,400 D. $555,500 Alberts Incorporated planned to use materials of $8 per unit but actually used materials of $16 per unit and planned to make 1,620 units but actually made 1,720 units. The flexible-budget variance for materials is A. $12,960 unfavorable B. $13,760 favorable C. $13,760 unfavorable D. $12,960 favorable Davidson Corporation manufactured 58,400 units during September. The following fixed overhead data relates to September: Static Budget Actual 58,400 units Production 58,000 units Machine-hours 2,775 hours 2,900 hours Fixed overhead costs for September $130,300 $130,500 What is the amount of fixed overhead allocated to production? (Round intermediary calculations two decimal places and your final answer to the nearest whole dollar.) A. $130,500 B. $130,300 C. $131,400 D. $58,400 Really Great Corporation manufactures industrial-sized landscaping trailers and uses budgeted machine-hours to allocate variable manufacturing overhead. The following information pertains to the company's manufacturing overhead data: Budgeted output units Budgeted machine-hours 52,000 units 10,400 hours $364,000 Budgeted variable manufacturing overhead costs for 52,000 units Actual output units produced 17,875 units Actual machine-hours used 14,300 hours Actual variable manufacturing overhead costs $371,800 What is the budgeted variable overhead cost rate per output unit? O A. $28.00 B. $20.80 O C. $35.00 O D. $7.00

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

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

More Books

Students also viewed these Accounting questions

Question

Write a short note on khan Abdul ghafar khan ?

Answered: 1 week ago

Question

Prepare a short note on dandi March ?

Answered: 1 week ago

Question

Famous slogan in India?

Answered: 1 week ago

Question

Dr.br.ambedkar for the development views ?

Answered: 1 week ago