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Please answer this 4 part question. I pretty much answered part one but need help on the incorrect answers. Thanks! Required information [The following information

Please answer this 4 part question. I pretty much answered part one but need help on the incorrect answers. Thanks!

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Required information [The following information applies to the questions displayed below.) Antuan Company set the following standard costs for one unit of its product. Direct materials (4.0 Ibs. @ $4.00 per Ib.) Direct labor (2.0 hrs. @ $12.00 per hr.) Overhead (2.0 hrs. @ $18.50 per hr.) Total standard cost $16.00 24.00 37.00 $77.00 The predetermined overhead rate ($18.50 per direct labor hour) is based on an expected volume of 75% of the factory's capacity of 20,000 units per month. Following are the company's budgeted overhead costs per month at the 75% capacity level. Overhead Budget (75% Capacity) Variable overhead costs Indirect materials $ 15,000 Indirect labor 75,000 Power 15,000 Repairs and maintenance 45,000 Total variable overhead costs Fixed overhead costs Depreciation-Building 25,000 Depreciation Machinery 71,000 Taxes and insurance 17,000 Supervision 292,000 Total fixed overhead costs Total overhead costs $150,000 405,000 $555,000 The company incurred the following actual costs when it operated at 75% of capacity in October. $ 250,100 270,600 Direct materials (61,000 lbs. @ $4.10 per lb.) Direct labor (22,000 hrs. @ $12.30 per hr.) Overhead costs Indirect materials Indirect labor Power Repairs and maintenance Depreciation-Building Depreciation Machinery Taxes and insurance Supervision Total costs $ 41,150 176,850 17,250 51,750 25,000 95,850 15,300 292,000 715,150 $1,235,850 Required: 1&2. Prepare flexible overhead budgets for October showing the amounts of each variable and fixed cost at the 65%, 75%, and 85% capacity levels and classify all items listed in the fixed budget as variable or fixed. X Answer is not complete. ANTUAN COMPANY Flexible Overhead Budgets For Month Ended October 31 Flexible Budget Flexible Budget for Variable Total Fixed 65% of 75% of 85% of Amount per Cost Unit capacity capacity capacity 13,000 15,000 17,000 Sales (in units) Variable overhead costs Indirect materials $ Indirect labor Power Repairs and maintenance 1.00 5.00 1.00 13,000 65,000 13,000 15,000 75,000 15,000 17,000 85,000 17,000 2.00 X 33,638 x 38,812 43,988 X Total variable costs $ 9.00 124,638 143,812 162,988 Fixed overhead costs $ Depreciation-Building DepreciationMachinery Taxes and insurance Supervision 25,000 71,000 17,000 292,000 25,000 71,000 17,000 292,000 25,000 71,000 17,000 25,000 71,000 17,000 292,000 292,000 Total fixed costs 405,000 405,000 405,000 405,000 $ 555,000 Total overhead costs 3. Compute the direct materials cost variance, including its price and quantity variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) Actual Cost Standard Cost 0 $ 0 $ 0 $ of 4. Compute the direct labor cost variance, including its rate and efficiency variances. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance. Round "Rate per hour" answers to two decimal places.) Actual Cost Standard Cost 5. Prepare a detailed overhead variance report that shows the variances for individual items of overhead. (Indicate the effect of each variance by selecting for favorable, unfavorable, and No variance.) ANTUAN COMPANY Overhead Variance Report For Month Ended October 31 Expected production volume Production level achieved Volume variance Flexible Budget Actual Results Variances Fav. / Unfav. Variable costs Fixed costs Total overhead costs

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