please round to nearest cent for all.
= Homework: C... Question 16, P9-37 (simil... Part 1 of 13 HW Score: 88.92%, 17.78 of 20 points Points: 0.69 of 1 Save Pearmain lager has just purchased the Cleveland Brewery. The brewery is two years old and uses absorption costing It will sell its product to Pearmain Lager at $42 per barrel Peter Bryant, Pearmain Lagor's controller, obtains the following information about Cleveland Brewory's capacity and budgeted fixed manufacturing costs for 2017 Click the icon to view the information.) Read the requirements Requirement 1. Compute the budgeted fixed manufacturing overhead rate per barrol for each of the denominator-level capacity concepts. Explain why they are different Begin by determing the formula to calculate the budgeted fixed manufactuning overhead rate per banol, then compute the rate for each of the denominator lovel capacity concepts. (Abbreviations used Budg = budgeted, MOH = manufacturing overhead Round the rates to the nearest cont) Budgeted fixed MOH rate por barrel Part 1 of 13 Points: 0.69 of 1 has just purchased the Cleveland Brewery The brewery is two years old and uses absorption costing. It will "sell its product to Pearmain Peter Bryant, Pearmain Lager's controller obtains the following information about Cleveland Brewery's capacity and budgeted fixed manufa con to view the information) tements IEEE 1. Compute the budgeted fixed manufacturing overhead rate per barrel for each of the denominator lovel capacity concepts Explain why they - X jator ed Data Table Days of Hours of Production Production Barrels per per Period per Day Hour 360 24 550 352 20 495 Budgeted Fixed Manufacturing Denominator-Level Capacity Concept Overhead per Period Theoretical capacity S 27,800,000 Practical capacity S 27,800,000 Normal capacity utilization $ 27,800,000 Master budget capacity utilization for each half year: (a) January-June 2017 $ 13,900.000 (b) July-December 2017 $ 13,900,000 352 20 390 176 20 330 176 20 450 Print Done Clear All Cale Thic Text Pages Get More Help Check AI Part 1 of 13 Points: 0.69 of 1 purchased the Cleveland Brewery. The brewery is two years old and uses absorption costing. It will "sell" its product to Pe eant, Pearmain Lager's controller, obtains the following information about Cleveland Brewery's capacity and budgeted fixed w the information.) te the budgeted fixed manufacturing overhead rate per barrel for each ot the denominator-level capacity concepts Explain denon to Requirements 1. Compute the budgeted fixed manufacturing overhead rate per barrel for each of the denominator-level capacity concepts. Explain why they are different 2. In 2017, the Cleveland Brewery reported these production results: Beginning inventory in barrels, 1-1-2017 0 Production in barrels 2,580,000 Ending inventory in barrels, 12-31-2017 200,000 Actual variable manufacturing costs $ 77,529,000 Actual fixed manufacturing overhead costs $ 27,400,000 There are no variable cost variances Fixed manufacturing overhead cost variances are written off to cost of goods sold in the period in which they occur Compute the Cleveland Brewery's operating income when the denominator-level capacity is (a) theoretical capacity. (b) practical capacity, and (c) normal capacity utilization Print Done CH Thl
