Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plzzz do it asap..just answers Mugbe Company has developed the following standard overhead costs based on a denominator level of activity of 1.240,000 direct labour-hours

image text in transcribed
image text in transcribed
image text in transcribed
plzzz do it asap..just answers
Mugbe Company has developed the following standard overhead costs based on a denominator level of activity of 1.240,000 direct labour-hours (DLHS). Variable overhead costs Fixed overhead costs 4 DUHs at $5 4 DUHs at $6 $20 $24 During April, 270,000 units were produced. The following information relates to April's production 1. The production staff worked 1,100,000 DLHS. 2. Actual overhead cost incurred totalled $12,630,000 ($5.280,000 variable and $7,350,000 fixed) Required: a) Calculate the expected output in units based on the denominator level of activity (1 mark) Expected output in units b) Calculate the standard hours allowed for actual production (2 marks) Expected outout in units What is the flexible hudoet fixed overhead? [2 marksi a) Calculate the expected output in units based on the denominator level of activity. (1 mark) Level of Activity DLHS Expected output in units 310000 b) Calculate the standard hours allowed for actual production. (2 marks) Units Produced PLHS Expected output in units 270000 108000g c) What is the flexible budget fixed overhead? (2 marks) 270000 Units Produced DLHS Expected output in units d) Calculate the variable overhead variances and indicate if they are favourable (F) or unfavourable (U). (4 marks) Please enter unfavourable and favourable variances as positive numbers. VQH rate variance VOH efficency variance araste the fiver merhes variancar inm hlafu c) What is the flexible budget fixed overhead? (2 marks) Help Save & Exit Units Produced DLHS Expected output in units 270000 540000 d) Calculate the variable overhead variances and indicate if they are favourable (F) or unfavourable (U). (4 marks) Please enter unfavourable and favourable variances as positive numbers, VOH rate variance VOH efficency variance e) Calculate the foxed overhead variances. (4 marks) Please enter unfavourable favourable variances as positive numbers. FOH budget variance FOH volume variance f) How much was the variable overhead over- or under-applied for April (1 mark) Please enter unfavourable and favourable variances as positive numbers Total over- or under-applied overhead $ g) Calculate the predetermined overhead rate if the denominator level of activity was 1200,000 DLHS. Assume this activity level is within the relevant range. (1 mark) New predetermined overhead rate. S

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

More Books

Students also viewed these Accounting questions